Homexpress Mortgage Corp. Rates, Fees & Info

NEWARK, DE

LEI: 549300R77W0P105C3S50

Tax ID: 47-5349678

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Mortgage Data

Review & Overview

Homexpress Mortgage Corp. is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Homexpress Mortgage Corp. has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, San Jose, Miami, and Sacramento among others. We have data for 165 markets. (Some data included below & more in-depth data is available with an active subscription.)

Homexpress Mortgage Corp. has an 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 8.37% 3/24/24
30 Year Conventional Refi 8.00% 3/24/24
30 Year Cash-out Refi 8.39% 3/24/24
30 Year FHA Purchase 7.22% 3/24/24
30 Year FHA Refi 6.40% 3/24/24
15 Year FHA Purchase 5.68% 3/24/24
15 Year FHA Refi 5.68% 3/24/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Homexpress Mortgage Corp.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,914

Origination Dollar Volume (All Markets)

$812,850,000

Top 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) 243 $144,555,000 $594,877 $15,882 6.33%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 130 $93,930,000 $722,538 $14,224 6.37%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 41 $34,655,000 $845,244 $13,213 6.39%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 88 $32,330,000 $367,386 $14,467 6.62%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 82 $31,160,000 $380,000 $9,070 6.68%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 92 $30,200,000 $328,261 $11,607 7.06%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 85 $29,765,000 $350,176 $10,582 6.82%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 84 $25,780,000 $306,905 $7,014 7.43%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 48 $25,160,000 $524,167 $11,594 6.50%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 51 $23,995,000 $470,490 $11,257 6.81%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 58 $20,850,000 $359,483 $8,869 7.01%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 66 $19,540,000 $296,061 $8,308 7.21%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 35 $16,355,000 $467,286 $11,462 6.52%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 42 $15,620,000 $371,905 $8,548 7.07%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 37 $15,095,000 $407,973 $12,874 6.96%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 33 $14,085,000 $426,818 $10,026 6.72%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 42 $13,810,000 $328,810 $8,933 7.31%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 38 $12,630,000 $332,368 $9,590 6.55%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 17 $11,145,000 $655,588 $14,219 6.35%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 30 $9,870,000 $329,000 $11,466 7.16%
VALLEJO, CA (FHA|USDA|VA) 19 $8,085,000 $425,526 $9,082 7.08%
SALINAS, CA (FHA|USDA|VA) 9 $6,475,000 $719,444 $11,394 6.19%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 8 $6,310,000 $788,750 $18,896 5.37%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 16 $6,140,000 $383,750 $11,324 7.03%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 23 $5,845,000 $254,130 $10,635 6.66%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 13 $5,755,000 $442,692 $12,062 6.85%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 14 $5,510,000 $393,571 $13,684 6.35%
BOISE CITY, ID (FHA|USDA|VA) 16 $5,490,000 $343,125 $10,876 6.98%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 18 $5,330,000 $296,111 $9,593 7.21%
Heber, UT (FHA|USDA|VA) 5 $5,285,000 $1,057,000 $9,435 6.87%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 11 $5,255,000 $477,727 $9,926 6.81%
PROVO-OREM, UT (FHA|USDA|VA) 9 $5,095,000 $566,111 $6,796 7.08%
STOCKTON, CA (FHA|USDA|VA) 15 $4,595,000 $306,333 $8,605 6.53%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 18 $4,560,000 $253,333 $9,167 7.53%
JACKSONVILLE, FL (FHA|USDA|VA) 16 $4,480,000 $280,000 $9,064 7.35%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 5 $4,355,000 $871,000 $16,135 7.17%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 15 $4,035,000 $269,000 $7,890 7.22%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 13 $3,905,000 $300,385 $8,087 7.21%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 15 $3,845,000 $256,333 $9,828 6.65%
SALT LAKE CITY, UT (FHA|USDA|VA) 10 $3,620,000 $362,000 $7,841 7.22%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 12 $3,550,000 $295,833 $8,309 7.02%
Outside of Metro Areas 14 $3,200,000 $228,571 $8,732 6.93%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 7 $2,985,000 $426,429 $13,544 7.00%
SALEM, OR (FHA|USDA|VA) 6 $2,770,000 $461,667 $11,875 6.83%
COLORADO SPRINGS, CO (FHA|USDA|VA) 8 $2,600,000 $325,000 $8,950 6.27%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 9 $2,455,000 $272,778 $7,069 7.69%
Truckee-Grass Valley, CA (FHA|USDA|VA) 6 $2,440,000 $406,667 $10,740 6.94%
RENO, NV (FHA|USDA|VA) 3 $2,405,000 $801,667 $9,191 7.46%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $2,305,000 $768,333 $18,607 6.71%
MODESTO, CA (FHA|USDA|VA) 6 $2,130,000 $355,000 $9,099 6.83%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $2,050,000 $256,250 $10,971 6.12%
BEND, OR (FHA|USDA|VA) 4 $2,020,000 $505,000 $10,705 6.75%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $2,015,000 $671,667 $17,744 5.75%
ST. GEORGE, UT (FHA|USDA|VA) 6 $1,870,000 $311,667 $4,612 7.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $33,675 7.00%
NAPA, CA (FHA|USDA|VA) 3 $1,565,000 $521,667 $11,573 6.37%
FRESNO, CA (FHA|USDA|VA) 5 $1,535,000 $307,000 $10,597 7.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $1,435,000 $205,000 $9,654 7.04%
YUBA CITY, CA (FHA|USDA|VA) 5 $1,425,000 $285,000 $7,379 6.68%
LANCASTER, PA (FHA|USDA|VA) 1 $1,385,000 $1,385,000 $26,459 5.00%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $1,245,000 $415,000 $9,326 7.33%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 7 $1,215,000 $173,571 $6,739 7.04%
Eureka-Arcata, CA (FHA|USDA|VA) 3 $1,175,000 $391,667 $13,052 6.08%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $1,115,000 $159,286 $7,662 7.25%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $1,115,000 $223,000 $4,000 7.55%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,100,000 $550,000 $12,293 6.19%
COLUMBUS, OH (FHA|USDA|VA) 5 $1,045,000 $209,000 $4,072 7.22%
Edwards, CO (FHA|USDA|VA) 2 $990,000 $495,000 $13,281 7.50%
GREELEY, CO (FHA|USDA|VA) 4 $960,000 $240,000 $7,646 6.94%
MADISON, WI (FHA|USDA|VA) 2 $870,000 $435,000 $2,590 7.44%
Hailey, ID (FHA|USDA|VA) 1 $865,000 $865,000 $16,514 6.88%
MERCED, CA (FHA|USDA|VA) 3 $855,000 $285,000 $7,844 7.25%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $835,000 $278,333 $16,206 6.33%
PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $825,000 $165,000 $7,638 7.40%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $825,000 $275,000 $4,391 7.92%
FORT COLLINS, CO (FHA|USDA|VA) 3 $785,000 $261,667 $9,751 7.83%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $775,000 $258,333 $7,041 7.67%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $745,000 $248,333 $10,247 6.67%
TALLAHASSEE, FL (FHA|USDA|VA) 4 $740,000 $185,000 $7,666 7.09%
Outside of Metro Areas 2 $740,000 $370,000 $14,197 7.31%
TUCSON, AZ (FHA|USDA|VA) 4 $730,000 $182,500 $3,712 7.59%
Whitewater, WI (FHA|USDA|VA) 2 $720,000 $360,000 $6,521 7.00%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $715,000 $238,333 $5,607 6.62%
MADERA, CA (FHA|USDA|VA) 3 $705,000 $235,000 $10,812 6.83%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $670,000 $335,000 $10,753 6.56%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $650,000 $162,500 $8,602 6.44%
PITTSBURGH, PA (FHA|USDA|VA) 2 $630,000 $315,000 $11,612 6.87%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $615,000 $205,000 $11,521 7.29%
Moses Lake, WA (FHA|USDA|VA) 2 $600,000 $300,000 $11,793 6.50%
Ellensburg, WA (FHA|USDA|VA) 1 $555,000 $555,000 $4,622 6.63%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $530,000 $265,000 $6,620 6.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $515,000 $515,000 $17,442 6.00%
CHICO, CA (FHA|USDA|VA) 2 $510,000 $255,000 $9,496 7.38%
GRANTS PASS, OR (FHA|USDA|VA) 1 $505,000 $505,000 $15,756 7.38%
BOULDER, CO (FHA|USDA|VA) 2 $500,000 $250,000 $9,762 8.13%
Port Angeles, WA (FHA|USDA|VA) 1 $475,000 $475,000 $3,543 5.75%
Pahrump, NV (FHA|USDA|VA) 2 $460,000 $230,000 $7,100 6.56%
WENATCHEE, WA (FHA|USDA|VA) 2 $460,000 $230,000 $9,155 6.13%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $455,000 $455,000 $11,516 7.25%
Oak Harbor, WA (FHA|USDA|VA) 1 $445,000 $445,000 $13,193 6.38%
Clearlake, CA (FHA|USDA|VA) 2 $420,000 $210,000 $6,707 7.81%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $410,000 $205,000 $8,264 6.94%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $410,000 $205,000 $3,924 7.13%
Astoria, OR (FHA|USDA|VA) 1 $405,000 $405,000 $11,067 7.00%
WILMINGTON, NC (FHA|USDA|VA) 1 $395,000 $395,000 $3,929 8.12%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $395,000 $395,000 $4,165 8.37%
Vernal, UT (FHA|USDA|VA) 1 $335,000 $335,000 $10,187 7.13%
Mineral Wells, TX (FHA|USDA|VA) 1 $335,000 $335,000 $7,121 6.88%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $330,000 $165,000 $7,380 7.69%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $12,961 8.00%
Brevard, NC (FHA|USDA|VA) 1 $295,000 $295,000 $9,083 5.75%
Washington, NC (FHA|USDA|VA) 1 $275,000 $275,000 $10,304 5.87%
REDDING, CA (FHA|USDA|VA) 1 $275,000 $275,000 $7,947 6.13%
Crescent City, CA (FHA|USDA|VA) 1 $275,000 $275,000 $8,287 6.87%
Beaver Dam, WI (FHA|USDA|VA) 1 $275,000 $275,000 $10,472 8.25%
EL PASO, TX (FHA|USDA|VA) 2 $270,000 $135,000 $7,376 7.06%
CARSON CITY, NV (FHA|USDA|VA) 1 $265,000 $265,000 $6,556 5.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $260,000 $130,000 $4,670 6.81%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $260,000 $130,000 $7,154 8.00%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $255,000 $255,000 $10,428 7.88%
Greensburg, IN (FHA|USDA|VA) 2 $250,000 $125,000 $0 7.50%
Sonora, CA (FHA|USDA|VA) 1 $245,000 $245,000 $8,004 6.13%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,840 7.50%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $235,000 $235,000 $6,567 5.88%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $235,000 $235,000 $3,140 7.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $235,000 $235,000 $11,729 5.25%
Breckenridge, CO (FHA|USDA|VA) 1 $235,000 $235,000 $3,792 7.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $230,000 $115,000 $6,929 6.81%
OCALA, FL (FHA|USDA|VA) 2 $230,000 $115,000 $7,159 7.19%
Ukiah, CA (FHA|USDA|VA) 1 $225,000 $225,000 $6,167 5.13%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $4,208 6.50%
Roseburg, OR (FHA|USDA|VA) 2 $220,000 $110,000 $9,105 8.25%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $205,000 $205,000 $8,899 6.25%
TOLEDO, OH (FHA|USDA|VA) 1 $195,000 $195,000 $5,535 6.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $195,000 $195,000 $9,687 5.87%
SAVANNAH, GA (FHA|USDA|VA) 1 $195,000 $195,000 $8,676 7.00%
Jackson, WY-ID (FHA|USDA|VA) 1 $195,000 $195,000 $11,265 6.75%
Lufkin, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,950 8.87%
Jacksonville, TX (FHA|USDA|VA) 1 $185,000 $185,000 $8,984 7.25%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,656 6.75%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $185,000 $185,000 $4,728 8.25%
BELLINGHAM, WA (FHA|USDA|VA) 1 $185,000 $185,000 $10,011 5.88%
PUEBLO, CO (FHA|USDA|VA) 1 $185,000 $185,000 $8,056 7.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $175,000 $175,000 $6,946 6.38%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $175,000 $175,000 $10,032 7.38%
AKRON, OH (FHA|USDA|VA) 1 $165,000 $165,000 $5,373 7.37%
Defiance, OH (FHA|USDA|VA) 1 $165,000 $165,000 $3,524 9.50%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.13%
Forest City, NC (FHA|USDA|VA) 1 $165,000 $165,000 $10,666 6.88%
Freeport, IL (FHA|USDA|VA) 1 $165,000 $165,000 $7,105 8.25%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $155,000 $155,000 $7,567 7.25%
GAINESVILLE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $9,025 6.50%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $125,000 $125,000 $5,285 6.87%
VISALIA, CA (FHA|USDA|VA) 1 $125,000 $125,000 $4,937 7.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $6,255 7.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $115,000 $115,000 $6,333 7.38%
Torrington, CT (FHA|USDA|VA) 1 $115,000 $115,000 $7,277 7.75%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $6,120 8.25%
TWIN FALLS, ID (FHA|USDA|VA) 1 $115,000 $115,000 $3,286 7.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $115,000 $115,000 $4,472 7.88%
LUBBOCK, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.63%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $105,000 $105,000 $4,587 7.25%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $6,229 8.87%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $105,000 $105,000 $2,562 7.25%
RICHMOND, VA (FHA|USDA|VA) 1 $105,000 $105,000 $5,505 7.88%
Homexpress Mortgage Corp.'s top markets include Los Angeles, San Francisco, San Jose, Miami, and Sacramento among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,914 $812,850,000 $424,687 $11,088 6.80%

    For 2019, Homexpress Mortgage Corp.'s most frequently originated type of loan was Conventional, with 1,914 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 816 $337,950,000 $414,154 $11,178 6.77%
    Home Purchase 788 $332,410,000 $421,840 $11,038 6.90%
    Refi 267 $122,215,000 $457,734 $11,135 6.60%
    Home Improvement 43 $20,275,000 $471,512 $10,102 6.87%

    For 2019, Homexpress Mortgage Corp.'s most frequently cited loan purpose was Cash Out Refi, with 816 originations. The 2nd most popular reason was Home Purchase, with 788 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,699 $669,075,000 $393,805 $10,662 6.84%
    30+ year 215 $143,775,000 $668,721 $14,702 6.52%

    For 2019, Homexpress Mortgage Corp.'s most frequently cited loan duration was 30 Year, with 1,699 originations. The 2nd most popular length was 30+ year, with 215 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,139 $527,105,000 $462,779
    $1k-2k 400 $187,580,000 $468,950
    $4k-5k 128 $22,620,000 $176,719
    $3k-4k 69 $14,955,000 $216,739
    $2k-3k 28 $9,340,000 $333,571
    $<1k 8 $3,580,000 $447,500

    Homexpress Mortgage Corp.'s average total fees were $10,662, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,139 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 639 $273,215,000 $427,567
    7-8% 549 $192,355,000 $350,373
    5-6% 424 $220,800,000 $520,755
    Over 8% 222 $70,300,000 $316,667
    4-5% 80 $56,180,000 $702,250

    During 2019, Homexpress Mortgage Corp.'s average interest rate for loans was 6.84%, while their most frequently originated rate bucket for loans was 6-7%, with 639 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 689 $198,355,000 $287,888 $9,457 6.83%
    $100k-200k 478 $72,160,000 $150,962 $6,912 7.22%
    $400k-600k 358 $173,750,000 $485,335 $12,562 6.63%
    $600k-1MM 273 $210,355,000 $770,531 $15,252 6.45%
    $1MM+ 114 $158,040,000 $1,386,316 $22,441 6.25%
    $100,000 or less 2 $190,000 $95,000 $6,162 7.75%

    2019 saw Homexpress Mortgage Corp. place emphasis on $200k-400k loans with 689 originations, totaling $198,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 377 $283,575,000 $752,188 $14,765 6.61%
    $100k-150k 345 $128,045,000 $371,145 $10,182 6.79%
    $150k-250k 319 $163,095,000 $511,270 $12,084 6.73%
    $75k-100k 222 $62,920,000 $283,423 $9,563 6.87%
    $50k or less 204 $53,700,000 $263,235 $7,258 6.72%
    $50k-75k 175 $37,675,000 $215,286 $8,264 7.04%

    Homexpress Mortgage Corp. lent most frequently to those with incomes in the $250k+ range, with 377 originations. The second most popular income band? $100k-150k, with 345 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 473 $169,995,000 $359,397 $10,883 6.87%
    20-30% 202 $94,040,000 $465,545 $10,981 6.66%
    30-36% 184 $81,420,000 $442,500 $10,563 6.84%
    50-60% 123 $67,035,000 $545,000 $14,170 6.64%
    49% 122 $53,650,000 $439,754 $11,892 6.65%
    48% 104 $43,910,000 $422,212 $11,907 6.77%
    47% 81 $32,445,000 $400,556 $10,637 6.84%
    46% 70 $25,450,000 $363,571 $10,249 7.03%
    43% 61 $29,075,000 $476,639 $9,690 7.03%
    40% 60 $21,900,000 $365,000 $9,172 7.09%
    45% 56 $23,820,000 $425,357 $8,975 7.20%
    42% 53 $27,605,000 $520,849 $12,373 6.63%
    44% 53 $24,795,000 $467,830 $9,931 6.68%
    41% 49 $25,215,000 $514,592 $11,139 6.70%
    38% 43 $19,495,000 $453,372 $11,342 7.12%
    39% 42 $21,450,000 $510,714 $12,538 6.70%
    37% 32 $11,810,000 $369,063 $10,439 6.51%
    36% 31 $13,755,000 $443,710 $10,708 6.93%
    >60% 8 $3,020,000 $377,500 $11,050 6.42%

    Homexpress Mortgage Corp. lent most frequently to those with DTI ratios of <20%, with 473 originations. The next most common DTI ratio? 20-30%, with 202 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,196 $499,760,000 $417,860 $10,633 6.80%
    Not provided 338 $150,960,000 $446,627 $12,369 6.77%
    Asian 175 $87,595,000 $500,543 $10,644 6.67%
    Black 185 $68,055,000 $367,865 $12,236 7.02%
    Native Hawaiian or Islander 11 $3,625,000 $329,545 $11,133 6.78%
    American Indian 7 $1,515,000 $216,429 $8,661 6.84%
    Not applicable 1 $1,035,000 $1,035,000 $13,680 6.00%
    Asian Indian 1 $305,000 $305,000 $10,991 8.00%

    Approval Rates

    Total approvals of all applications
    70.82%

    Homexpress Mortgage Corp. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.83%

    Homexpress Mortgage Corp. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,914 $812,850,000 $424,687

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,914 $812,850,000 $424,687

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 60 $18,290,000 $304,833 $10,198 6.04%
    40-60% 280 $114,410,000 $408,607 $10,875 6.29%
    60-80% 1,161 $485,955,000 $418,566 $11,059 6.84%
    80-100% 407 $193,055,000 $474,337 $11,502 7.17%
    Under 20% 6 $1,140,000 $190,000 $6,090 6.08%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Homespire Mortgage Corp FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Homespire Mortgage Corp Other type of mortgage Closing on a mortgage 1 33.3%
    Homespire Mortgage Corp Other type of mortgage Trouble during payment process 1 33.3%