Homexpress Mortgage Corp. Rates, Fees & Info
NEWARK, DELEI: 549300R77W0P105C3S50
Tax ID: 47-5349678
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Mortgage Data
Review & Overview
Homexpress Mortgage Corp. is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Homexpress Mortgage Corp. has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Riverside, Sacramento, and San Diego among others. We have data for 95 markets. (Some data included below & more in-depth data is available with an active subscription.)Homexpress Mortgage Corp. has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Homexpress Mortgage Corp. is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.37% | 4/18/24 |
| 30 Year Conventional Refi | 8.00% | 4/18/24 |
| 30 Year Cash-out Refi | 8.39% | 4/18/24 |
| 30 Year FHA Purchase | 7.22% | 4/18/24 |
| 30 Year FHA Refi | 6.40% | 4/18/24 |
| 15 Year FHA Purchase | 5.68% | 4/18/24 |
| 15 Year FHA Refi | 5.68% | 4/18/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Homexpress Mortgage Corp. Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
709Origination Dollar Volume (All Markets)
$323,475,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 122 | $90,140,000 | $738,852 | $15,667 | 6.53% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 51 | $40,305,000 | $790,294 | $16,187 | 6.80% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 48 | $18,360,000 | $382,500 | $12,743 | 6.72% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 40 | $16,880,000 | $422,000 | $10,224 | 6.72% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 20 | $13,110,000 | $655,500 | $11,700 | 6.62% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 30 | $11,890,000 | $396,333 | $13,772 | 6.91% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 31 | $11,605,000 | $374,355 | $9,599 | 6.83% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 33 | $10,395,000 | $315,000 | $5,932 | 7.59% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 11 | $7,875,000 | $715,909 | $15,606 | 6.17% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 23 | $6,425,000 | $279,348 | $11,286 | 7.27% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 20 | $5,930,000 | $296,500 | $9,991 | 7.22% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 9 | $5,165,000 | $573,889 | $8,873 | 6.87% |
| VALLEJO, CA (FHA|USDA|VA) | 10 | $3,990,000 | $399,000 | $11,119 | 6.61% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 7 | $3,815,000 | $545,000 | $16,065 | 6.20% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 10 | $3,670,000 | $367,000 | $8,742 | 7.05% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 12 | $3,120,000 | $260,000 | $4,860 | 7.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 13 | $3,075,000 | $236,538 | $6,855 | 7.30% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 13 | $2,985,000 | $229,615 | $8,270 | 7.89% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 9 | $2,845,000 | $316,111 | $10,424 | 7.19% |
| STOCKTON, CA (FHA|USDA|VA) | 7 | $2,825,000 | $403,571 | $9,108 | 6.48% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $2,515,000 | $228,636 | $9,017 | 7.50% |
| SALINAS, CA (FHA|USDA|VA) | 6 | $2,510,000 | $418,333 | $7,122 | 6.71% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $2,255,000 | $451,000 | $13,946 | 6.38% |
| Key West, FL (FHA|USDA|VA) | 1 | $2,235,000 | $2,235,000 | $11,399 | 6.25% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 13 | $2,225,000 | $171,154 | $8,424 | 7.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $2,140,000 | $356,667 | $11,555 | 7.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $2,120,000 | $265,000 | $9,433 | 6.98% |
| NAPA, CA (FHA|USDA|VA) | 4 | $2,090,000 | $522,500 | $17,959 | 6.50% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,980,000 | $495,000 | $16,462 | 6.69% |
| PROVO-OREM, UT (FHA|USDA|VA) | 4 | $1,820,000 | $455,000 | $10,098 | 7.12% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $4,768 | 7.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $11,591 | 7.29% |
| Outside of Metro Areas | 4 | $1,350,000 | $337,500 | $13,728 | 7.18% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,310,000 | $218,333 | $10,024 | 7.15% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $9,152 | 6.95% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $18,460 | 7.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $8,102 | 7.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $9,832 | 7.97% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $10,786 | 5.78% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $25,489 | 7.50% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $10,954 | 7.04% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $12,260 | 7.13% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $3,609 | 8.16% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $11,259 | 6.57% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $5,267 | 7.59% |
| Ukiah, CA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $11,857 | 6.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $5,104 | 8.06% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $9,867 | 7.46% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $9,684 | 6.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $15,250 | 5.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $14,910 | 6.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $10,424 | 7.29% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $9,233 | 7.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $20,373 | 7.49% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,948 | 7.81% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $5,301 | 7.88% |
| MERCED, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $7,768 | 7.44% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,411 | 7.69% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $7,146 | 7.44% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,066 | 7.56% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $11,491 | 7.19% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,138 | 8.25% |
| REDDING, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $9,710 | 6.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,873 | 7.38% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $10,599 | 8.13% |
| RENO, NV (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,462 | 6.75% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $11,507 | 5.38% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,519 | 7.38% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $15,581 | 5.38% |
| Brookings, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,551 | 5.88% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,386 | 7.38% |
| MADISON, WI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,980 | 9.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,161 | 7.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,062 | 8.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,225 | 6.75% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,894 | 8.38% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,961 | 6.75% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,387 | 6.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,210 | 8.00% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,108 | 7.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,994 | 8.00% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,753 | 8.50% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,627 | 6.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,030 | 7.50% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,516 | 6.62% |
| READING, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,288 | 8.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,711 | 7.99% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,289 | 8.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,729 | 8.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,550 | 7.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,611 | 8.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,824 | 9.38% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,412 | 7.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,905 | 8.49% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $8,099 | 7.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against HOMEXPRESS MORTGAGE CORP. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 709 | $323,475,000 | $456,241 | $11,481 | 6.95% |
For 2018, Homexpress Mortgage Corp.'s most frequently originated type of loan was Conventional, with 709 originations.
Loan Reason
For 2018, Homexpress Mortgage Corp.'s most frequently cited loan purpose was Home Purchase, with 333 originations. The 2nd most popular reason was Cash Out Refi, with 201 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 636 | $267,080,000 | $419,937 | $10,901 | 7.00% |
| 30+ year | 73 | $56,395,000 | $772,534 | $16,528 | 6.53% |
For 2018, Homexpress Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 636 originations. The 2nd most popular length was 30+ year, with 73 originations.
Origination Fees/Closing Costs
Homexpress Mortgage Corp.'s average total fees were $10,901, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 474 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 238 | $120,440,000 | $506,050 |
| 7-8% | 231 | $84,375,000 | $365,260 |
| 5-6% | 143 | $84,885,000 | $593,601 |
| Over 8% | 88 | $26,370,000 | $299,659 |
| 4-5% | 9 | $7,405,000 | $822,778 |
During 2018, Homexpress Mortgage Corp.'s average interest rate for loans was 7.00%, while their most frequently originated rate bucket for loans was 6-7%, with 238 originations.
Loan Sizing
2018 saw Homexpress Mortgage Corp. place emphasis on $200k-400k loans with 230 originations, totaling $67,090,000 in origination value.
Applicant Income
Homexpress Mortgage Corp. lent most frequently to those with incomes in the $250k+ range, with 158 originations. The second most popular income band? $150k-250k, with 142 originations.
Applicant Debt to Income Ratio
Homexpress Mortgage Corp. lent most frequently to those with DTI ratios of 30-36%, with 97 originations. The next most common DTI ratio? 20-30%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.76%
Homexpress Mortgage Corp. has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination71.65%
Homexpress Mortgage Corp. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 709 | $323,475,000 | $456,241 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 709 | $323,475,000 | $456,241 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Homes By Hunt LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |