J.g. Wentworth Home Lending Llc

WOODBRIDGE, VA 22192

LEI: 549300RB1N775H459G78

Tax ID: 54-1994393

2019 Data | 2018 Data


Overview

J.g. Wentworth Home Lending Llc is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. J.g. Wentworth Home Lending Llc has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Washington, Phoenix, Los Angeles, Riverside, and Denver among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. J.g. Wentworth Home Lending Llc is typically a low fee medium-low fee lendor.


Originations

15,999

Origination Dollar Volume (All Markets)

$4,793,225,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 12,474 $3,794,970,000 $304,230
FHA 1,438 $341,960,000 $237,803
VA 1,926 $626,600,000 $325,337
USDA 161 $29,695,000 $184,441

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 4,715 $1,303,685,000 $276,497
Home Improvement 500 $141,800,000 $283,600
Refi 5,531 $1,812,295,000 $327,661
Cash Out Refi 5,253 $1,535,445,000 $292,299

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 964 $359,940,000 $373,382
Outside of Metro Areas 857 $213,425,000 $249,037
PHOENIX-MESA-CHANDLER, AZ 703 $199,425,000 $283,677
LOS ANGELES-LONG BEACH-GLENDALE, CA 486 $195,430,000 $402,119
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 488 $158,820,000 $325,451
DENVER-AURORA-LAKEWOOD, CO 376 $130,410,000 $346,835
SEATTLE-BELLEVUE-KENT, WA 339 $129,785,000 $382,847
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 448 $123,010,000 $274,576
DALLAS-PLANO-IRVING, TX 402 $113,860,000 $283,234
SACRAMENTO-ROSEVILLE-FOLSOM, CA 324 $110,930,000 $342,377
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 265 $109,895,000 $414,698
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 350 $94,400,000 $269,714
OAKLAND-BERKELEY-LIVERMORE, CA 211 $90,795,000 $430,308
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 261 $82,775,000 $317,146
ANAHEIM-SANTA ANA-IRVINE, CA 177 $76,695,000 $433,305
AUSTIN-ROUND ROCK-GEORGETOWN, TX 242 $71,050,000 $293,595
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 272 $70,940,000 $260,809
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 183 $66,075,000 $361,066
RICHMOND, VA 278 $64,800,000 $233,094
WARREN-TROY-FARMINGTON HILLS, MI 230 $62,600,000 $272,174
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 207 $59,715,000 $288,478
BALTIMORE-COLUMBIA-TOWSON, MD 182 $56,750,000 $311,813
CHICAGO-NAPERVILLE-EVANSTON, IL 197 $55,135,000 $279,873
FORT WORTH-ARLINGTON-GRAPEVINE, TX 195 $51,975,000 $266,538
STAUNTON, VA 271 $50,365,000 $185,849
TAMPA-ST. PETERSBURG-CLEARWATER, FL 188 $50,000,000 $265,957
WORCESTER, MA-CT 229 $49,815,000 $217,533
NEW BRUNSWICK-LAKEWOOD, NJ 146 $46,320,000 $317,260
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 157 $46,125,000 $293,790
CHARLOTTE-CONCORD-GASTONIA, NC-SC 158 $45,610,000 $288,671
ORLANDO-KISSIMMEE-SANFORD, FL 158 $43,060,000 $272,532
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 135 $40,915,000 $303,074
TACOMA-LAKEWOOD, WA 114 $37,470,000 $328,684
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 129 $37,105,000 $287,636
LYNCHBURG, VA 180 $36,090,000 $200,500
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 82 $35,630,000 $434,512
SAN ANTONIO-NEW BRAUNFELS, TX 121 $33,685,000 $278,388
RALEIGH-CARY, NC 110 $33,620,000 $305,636
NEWARK, NJ-PA 95 $31,935,000 $336,158
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 83 $31,235,000 $376,325
OXNARD-THOUSAND OAKS-VENTURA, CA 72 $30,210,000 $419,583
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 93 $29,345,000 $315,538
MIAMI-MIAMI BEACH-KENDALL, FL 101 $27,585,000 $273,119
STOCKTON, CA 84 $27,530,000 $327,738
VALLEJO, CA 74 $26,180,000 $353,784
SALT LAKE CITY, UT 76 $26,060,000 $342,895
JACKSONVILLE, FL 92 $25,840,000 $280,870
COLORADO SPRINGS, CO 77 $24,775,000 $321,753
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 43 $23,085,000 $536,860
MODESTO, CA 74 $20,950,000 $283,108
BOSTON, MA 59 $20,755,000 $351,780
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 60 $19,880,000 $331,333
FRESNO, CA 61 $18,955,000 $310,738
TUCSON, AZ 65 $17,395,000 $267,615
FORT COLLINS, CO 51 $16,445,000 $322,451
INDIANAPOLIS-CARMEL-ANDERSON, IN 65 $15,595,000 $239,923
SANTA ROSA-PETALUMA, CA 39 $15,475,000 $396,795
PHILADELPHIA, PA 57 $15,245,000 $267,456
PROVO-OREM, UT 48 $15,080,000 $314,167
CINCINNATI, OH-KY-IN 55 $15,045,000 $273,545
PROVIDENCE-WARWICK, RI-MA 47 $14,715,000 $313,085
COLUMBUS, OH 57 $14,625,000 $256,579
ST. LOUIS, MO-IL 50 $14,350,000 $287,000
MILWAUKEE-WAUKESHA, WI 48 $14,160,000 $295,000
DETROIT-DEARBORN-LIVONIA, MI 52 $13,550,000 $260,577
PITTSBURGH, PA 52 $13,450,000 $258,654
KANSAS CITY, MO-KS 53 $13,285,000 $250,660
CHARLESTON-NORTH CHARLESTON, SC 42 $12,740,000 $303,333
BAKERSFIELD, CA 49 $12,625,000 $257,653
BREMERTON-SILVERDALE-PORT ORCHARD, WA 38 $12,560,000 $330,526
BRIDGEPORT-STAMFORD-NORWALK, CT 33 $12,405,000 $375,909
BOULDER, CO 31 $12,065,000 $389,194
SPOKANE-SPOKANE VALLEY, WA 45 $11,515,000 $255,889
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 46 $11,510,000 $250,217
NORWICH-NEW LONDON, CT 53 $11,495,000 $216,887
SAN LUIS OBISPO-PASO ROBLES, CA 30 $11,450,000 $381,667
PRESCOTT VALLEY-PRESCOTT, AZ 40 $11,380,000 $284,500
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 48 $11,180,000 $232,917
CAPE CORAL-FORT MYERS, FL 43 $11,095,000 $258,023
PALM BAY-MELBOURNE-TITUSVILLE, FL 41 $11,085,000 $270,366
GREELEY, CO 34 $11,070,000 $325,588
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 43 $10,205,000 $237,326
OGDEN-CLEARFIELD, UT 30 $10,180,000 $339,333
CHICO, CA 32 $10,120,000 $316,250
MCALLEN-EDINBURG-MISSION, TX 56 $9,750,000 $174,107
SANTA CRUZ-WATSONVILLE, CA 19 $9,645,000 $507,632
OLYMPIA-LACEY-TUMWATER, WA 33 $9,475,000 $287,121
BEND, OR 32 $9,440,000 $295,000
CAMDEN, NJ 40 $9,420,000 $235,500
MEMPHIS, TN-MS-AR 39 $8,955,000 $229,615
MANCHESTER-NASHUA, NH 30 $8,770,000 $292,333
PORT ST. LUCIE, FL 33 $8,585,000 $260,152
BELLINGHAM, WA 25 $8,365,000 $334,600
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 31 $8,195,000 $264,355
CLEVELAND-ELYRIA, OH 32 $8,130,000 $254,063
NORTH PORT-SARASOTA-BRADENTON, FL 33 $7,995,000 $242,273
ELGIN, IL 27 $7,875,000 $291,667
KENNEWICK-RICHLAND, WA 29 $7,805,000 $269,138
GREENVILLE-ANDERSON, SC 33 $7,625,000 $231,061
ANN ARBOR, MI 28 $7,570,000 $270,357
DURHAM-CHAPEL HILL, NC 25 $7,515,000 $300,600
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 27 $7,515,000 $278,333
NEW HAVEN-MILFORD, CT 26 $7,490,000 $288,077
LAKE COUNTY-KENOSHA COUNTY, IL-WI 27 $7,405,000 $274,259
KNOXVILLE, TN 23 $7,365,000 $320,217
SANTA MARIA-SANTA BARBARA, CA 20 $7,360,000 $368,000
SALEM, OR 27 $7,265,000 $269,074
VISALIA, CA 28 $7,120,000 $254,286
MERCED, CA 23 $7,045,000 $306,304
WILMINGTON, DE-MD-NJ 27 $6,885,000 $255,000
SALINAS, CA 19 $6,825,000 $359,211
BIRMINGHAM-HOOVER, AL 26 $6,790,000 $261,154
GREENSBORO-HIGH POINT, NC 25 $6,785,000 $271,400
WILMINGTON, NC 22 $6,740,000 $306,364
GARY, IN 30 $6,720,000 $224,000
EUGENE-SPRINGFIELD, OR 24 $6,550,000 $272,917
CHARLOTTESVILLE, VA 24 $6,540,000 $272,500
MEDFORD, OR 19 $6,155,000 $323,947
WINSTON-SALEM, NC 23 $6,025,000 $261,957
LOUISVILLE/JEFFERSON COUNTY, KY-IN 27 $5,975,000 $221,296
MOUNT VERNON-ANACORTES, WA 20 $5,940,000 $297,000
YORK-HANOVER, PA 31 $5,765,000 $185,968
ASHEVILLE, NC 22 $5,720,000 $260,000
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 19 $5,675,000 $298,684
NEW ORLEANS-METAIRIE, LA 20 $5,640,000 $282,000
SALISBURY, MD-DE 24 $5,630,000 $234,583
LAKE HAVASU CITY-KINGMAN, AZ 23 $5,615,000 $244,130
SCRANTON--WILKES-BARRE, PA 39 $5,555,000 $142,436
NAPLES-MARCO ISLAND, FL 18 $5,200,000 $288,889
WINCHESTER, VA-WV 18 $5,090,000 $282,778
COLUMBIA, SC 20 $4,940,000 $247,000
OKLAHOMA CITY, OK 19 $4,925,000 $259,211
PENSACOLA-FERRY PASS-BRENT, FL 20 $4,880,000 $244,000
HUNTSVILLE, AL 18 $4,830,000 $268,333
GRAND RAPIDS-KENTWOOD, MI 20 $4,790,000 $239,500
CHATTANOOGA, TN-GA 18 $4,610,000 $256,111
PUNTA GORDA, FL 17 $4,575,000 $269,118
ROANOKE, VA 20 $4,510,000 $225,500
HARRISONBURG, VA 22 $4,500,000 $204,545
ALBUQUERQUE, NM 18 $4,460,000 $247,778
TULSA, OK 17 $4,405,000 $259,118
SAN RAFAEL, CA 8 $4,390,000 $548,750
HAGERSTOWN-MARTINSBURG, MD-WV 16 $4,310,000 $269,375
AUGUSTA-RICHMOND COUNTY, GA-SC 16 $4,280,000 $267,500
LONGVIEW, WA 14 $4,100,000 $292,857
ST. GEORGE, UT 15 $4,095,000 $273,000
KILLEEN-TEMPLE, TX 18 $4,050,000 $225,000
WICHITA, KS 19 $4,025,000 $211,842
LAKELAND-WINTER HAVEN, FL 17 $3,925,000 $230,882
SPRINGFIELD, MA 18 $3,850,000 $213,889
REDDING, CA 16 $3,820,000 $238,750
FAYETTEVILLE, NC 14 $3,720,000 $265,714
GAINESVILLE, GA 13 $3,715,000 $285,769
BROWNSVILLE-HARLINGEN, TX 23 $3,715,000 $161,522
PORTLAND-SOUTH PORTLAND, ME 12 $3,700,000 $308,333
OMAHA-COUNCIL BLUFFS, NE-IA 16 $3,690,000 $230,625
HILTON HEAD ISLAND-BLUFFTON, SC 12 $3,670,000 $305,833
PANAMA CITY, FL 15 $3,635,000 $242,333
AKRON, OH 13 $3,565,000 $274,231
MADISON, WI 13 $3,425,000 $263,462
DAYTON-KETTERING, OH 16 $3,350,000 $209,375
BATON ROUGE, LA 15 $3,305,000 $220,333
SANTA FE, NM 11 $3,215,000 $292,273
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 13 $3,165,000 $243,462
NAPA, CA 7 $3,135,000 $447,857
OCALA, FL 13 $3,025,000 $232,692
EL PASO, TX 13 $2,985,000 $229,615
BARNSTABLE TOWN, MA 10 $2,980,000 $298,000
CORVALLIS, OR 10 $2,960,000 $296,000
TRENTON-PRINCETON, NJ 10 $2,940,000 $294,000
LANCASTER, PA 12 $2,930,000 $244,167
MONROE, MI 10 $2,890,000 $289,000
WENATCHEE, WA 10 $2,820,000 $282,000
FLAGSTAFF, AZ 10 $2,810,000 $281,000
HARRISBURG-CARLISLE, PA 13 $2,755,000 $211,923
JOHNSON CITY, TN 9 $2,755,000 $306,111
CLARKSVILLE, TN-KY 10 $2,690,000 $269,000
WACO, TX 11 $2,675,000 $243,182
CALIFORNIA-LEXINGTON PARK, MD 10 $2,660,000 $266,000
DOVER, DE 9 $2,585,000 $287,222
GRAND JUNCTION, CO 9 $2,525,000 $280,556
DAPHNE-FAIRHOPE-FOLEY, AL 10 $2,510,000 $251,000
SAVANNAH, GA 8 $2,450,000 $306,250
THE VILLAGES, FL 11 $2,435,000 $221,364
YUBA CITY, CA 10 $2,430,000 $243,000
OCEAN CITY, NJ 7 $2,405,000 $343,571
SPARTANBURG, SC 9 $2,355,000 $261,667
ROCHESTER, MN 10 $2,330,000 $233,000
CORPUS CHRISTI, TX 12 $2,320,000 $193,333
MADERA, CA 9 $2,295,000 $255,000
KALAMAZOO-PORTAGE, MI 8 $2,290,000 $286,250
LANSING-EAST LANSING, MI 10 $2,270,000 $227,000
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 11 $2,265,000 $205,909
SOUTH BEND-MISHAWAKA, IN-MI 10 $2,140,000 $214,000
MONTGOMERY, AL 7 $2,125,000 $303,571
HOMOSASSA SPRINGS, FL 9 $2,115,000 $235,000
ALBANY-LEBANON, OR 9 $2,095,000 $232,778
TALLAHASSEE, FL 11 $2,095,000 $190,455
FLINT, MI 10 $2,080,000 $208,000
LEXINGTON-FAYETTE, KY 8 $2,060,000 $257,500
BEAUMONT-PORT ARTHUR, TX 10 $2,010,000 $201,000
SEBASTIAN-VERO BEACH, FL 8 $1,910,000 $238,750
LUBBOCK, TX 8 $1,870,000 $233,750
TYLER, TX 7 $1,865,000 $266,429
DES MOINES-WEST DES MOINES, IA 8 $1,840,000 $230,000
MOBILE, AL 8 $1,810,000 $226,250
MIDLAND, TX 7 $1,785,000 $255,000
YAKIMA, WA 6 $1,750,000 $291,667
ATHENS-CLARKE COUNTY, GA 5 $1,705,000 $341,000
JACKSONVILLE, NC 6 $1,700,000 $283,333
COLLEGE STATION-BRYAN, TX 6 $1,670,000 $278,333
HANFORD-CORCORAN, CA 6 $1,570,000 $261,667
GAINESVILLE, FL 8 $1,550,000 $193,750
VALDOSTA, GA 4 $1,510,000 $377,500
KINGSPORT-BRISTOL, TN-VA 7 $1,505,000 $215,000
LAS CRUCES, NM 7 $1,485,000 $212,143
DULUTH, MN-WI 6 $1,470,000 $245,000
PUEBLO, CO 6 $1,440,000 $240,000
BLOOMINGTON, IN 6 $1,430,000 $238,333
READING, PA 8 $1,390,000 $173,750
CANTON-MASSILLON, OH 6 $1,350,000 $225,000
ANCHORAGE, AK 4 $1,350,000 $337,500
COLUMBUS, GA-AL 4 $1,340,000 $335,000
CHEYENNE, WY 4 $1,340,000 $335,000
AMARILLO, TX 8 $1,340,000 $167,500
WARNER ROBINS, GA 5 $1,335,000 $267,000
ELKHART-GOSHEN, IN 6 $1,310,000 $218,333
LAKE CHARLES, LA 5 $1,275,000 $255,000
ATLANTIC CITY-HAMMONTON, NJ 4 $1,260,000 $315,000
FORT WAYNE, IN 5 $1,175,000 $235,000
APPLETON, WI 5 $1,165,000 $233,000
SHERMAN-DENISON, TX 4 $1,160,000 $290,000
DECATUR, AL 4 $1,160,000 $290,000
TOLEDO, OH 6 $1,160,000 $193,333
MORRISTOWN, TN 4 $1,140,000 $285,000
LONGVIEW, TX 5 $1,135,000 $227,000
EAST STROUDSBURG, PA 5 $1,115,000 $223,000
TUSCALOOSA, AL 4 $1,110,000 $277,500
SAN ANGELO, TX 4 $1,100,000 $275,000
JACKSON, TN 4 $1,100,000 $275,000
MIDLAND, MI 4 $1,050,000 $262,500
HICKORY-LENOIR-MORGANTON, NC 6 $1,040,000 $173,333
ST. CLOUD, MN 3 $1,035,000 $345,000
AMES, IA 2 $1,030,000 $515,000
GETTYSBURG, PA 4 $1,010,000 $252,500
GREEN BAY, WI 3 $1,005,000 $335,000
DALTON, GA 4 $1,000,000 $250,000
PEORIA, IL 4 $990,000 $247,500
SEBRING-AVON PARK, FL 3 $975,000 $325,000
FLORENCE-MUSCLE SHOALS, AL 3 $975,000 $325,000
WALLA WALLA, WA 4 $970,000 $242,500
MICHIGAN CITY-LA PORTE, IN 3 $965,000 $321,667
JACKSON, MS 6 $960,000 $160,000
AUBURN-OPELIKA, AL 3 $925,000 $308,333
GULFPORT-BILOXI, MS 3 $905,000 $301,667
COLUMBIA, MO 4 $900,000 $225,000
SIOUX FALLS, SD 3 $895,000 $298,333
DOTHAN, AL 5 $895,000 $179,000
BURLINGTON-SOUTH BURLINGTON, VT 4 $870,000 $217,500
LOGAN, UT-ID 3 $865,000 $288,333
SAGINAW, MI 5 $835,000 $167,000
GREENVILLE, NC 4 $830,000 $207,500
MUSKEGON, MI 4 $810,000 $202,500
CHAMPAIGN-URBANA, IL 3 $775,000 $258,333
SIERRA VISTA-DOUGLAS, AZ 3 $765,000 $255,000
WICHITA FALLS, TX 3 $735,000 $245,000
BRUNSWICK, GA 3 $725,000 $241,667
SHEBOYGAN, WI 3 $715,000 $238,333
GREAT FALLS, MT 2 $710,000 $355,000
ROCKFORD, IL 4 $710,000 $177,500
ALBANY, GA 3 $705,000 $235,000
ODESSA, TX 2 $700,000 $350,000
NEW BERN, NC 3 $675,000 $225,000
STATE COLLEGE, PA 3 $655,000 $218,333
LEBANON, PA 3 $655,000 $218,333
MANHATTAN, KS 2 $630,000 $315,000
EVANSVILLE, IN-KY 3 $615,000 $205,000
YUMA, AZ 2 $610,000 $305,000
LAWTON, OK 2 $610,000 $305,000
GRANTS PASS, OR 2 $600,000 $300,000
LEWISTON, ID-WA 2 $570,000 $285,000
GRAND FORKS, ND-MN 2 $550,000 $275,000
SPRINGFIELD, MO 2 $540,000 $270,000
HAMMOND, LA 3 $535,000 $178,333
LAREDO, TX 3 $505,000 $168,333
LAWRENCE, KS 3 $505,000 $168,333
BURLINGTON, NC 2 $500,000 $250,000
BLOOMSBURG-BERWICK, PA 2 $500,000 $250,000
BATTLE CREEK, MI 2 $490,000 $245,000
RACINE, WI 2 $490,000 $245,000
FLORENCE, SC 3 $475,000 $158,333
NILES, MI 3 $475,000 $158,333
TEXARKANA, TX-AR 2 $470,000 $235,000
GOLDSBORO, NC 3 $455,000 $151,667
BOWLING GREEN, KY 3 $445,000 $148,333
ELIZABETHTOWN-FORT KNOX, KY 1 $435,000 $435,000
HATTIESBURG, MS 2 $430,000 $215,000
MACON-BIBB COUNTY, GA 2 $420,000 $210,000
SUMTER, SC 2 $420,000 $210,000
EL CENTRO, CA 2 $400,000 $200,000
WATERLOO-CEDAR FALLS, IA 2 $390,000 $195,000
FORT SMITH, AR-OK 2 $380,000 $190,000
ERIE, PA 2 $360,000 $180,000
ALEXANDRIA, LA 2 $360,000 $180,000
LAFAYETTE, LA 2 $350,000 $175,000
DUBUQUE, IA 2 $350,000 $175,000
KANKAKEE, IL 2 $340,000 $170,000
SHREVEPORT-BOSSIER CITY, LA 1 $335,000 $335,000
ABILENE, TX 2 $320,000 $160,000
WAUSAU-WESTON, WI 1 $315,000 $315,000
EAU CLAIRE, WI 1 $315,000 $315,000
FOND DU LAC, WI 1 $305,000 $305,000
BAY CITY, MI 1 $305,000 $305,000
JACKSON, MI 1 $305,000 $305,000
VINELAND-BRIDGETON, NJ 2 $290,000 $145,000
JONESBORO, AR 1 $275,000 $275,000
BILLINGS, MT 1 $265,000 $265,000
HUNTINGTON-ASHLAND, WV-KY-OH 2 $250,000 $125,000
BISMARCK, ND 1 $245,000 $245,000
SPRINGFIELD, IL 2 $240,000 $120,000
MANSFIELD, OH 1 $225,000 $225,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 2 $220,000 $110,000
ANNISTON-OXFORD, AL 2 $220,000 $110,000
BLOOMINGTON, IL 1 $215,000 $215,000
OSHKOSH-NEENAH, WI 1 $205,000 $205,000
FARMINGTON, NM 1 $185,000 $185,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 1 $185,000 $185,000
HINESVILLE, GA 2 $170,000 $85,000
ROME, GA 1 $165,000 $165,000
MUNCIE, IN 1 $165,000 $165,000
BLACKSBURG-CHRISTIANSBURG, VA 1 $165,000 $165,000
CHAMBERSBURG-WAYNESBORO, PA 1 $155,000 $155,000
BECKLEY, WV 1 $155,000 $155,000
CAPE GIRARDEAU, MO-IL 1 $155,000 $155,000
TOPEKA, KS 1 $145,000 $145,000
PINE BLUFF, AR 1 $145,000 $145,000
BANGOR, ME 1 $125,000 $125,000
DANVILLE, IL 1 $115,000 $115,000
PITTSFIELD, MA 1 $105,000 $105,000
ALTOONA, PA 1 $105,000 $105,000
SPRINGFIELD, OH 1 $95,000 $95,000
ROCKY MOUNT, NC 1 $95,000 $95,000
Outside of Metro Areas 1 $55,000 $55,000
ENID, OK 1 $55,000 $55,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 5 $275,000 $55,000
2.5-3% 91 $29,445,000 $323,571
3-4% 9,004 $2,900,950,000 $322,185
4-5% 6,137 $1,699,425,000 $276,915
5-6% 747 $159,405,000 $213,394
6-7% 15 $3,725,000 $248,333

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 322 $21,490,000 $66,739
$100k-200k 2,868 $458,240,000 $159,777
$200k-400k 9,617 $2,784,715,000 $289,562
$400k-600k 2,922 $1,341,160,000 $458,987
$600k-1000k 259 $173,175,000 $668,629
$Over $1MM 11 $14,445,000 $1,313,182

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 508 $131,740,000 $259,331
40-60% 2,171 $639,725,000 $294,668
60-80% 6,673 $2,066,285,000 $309,649
80-100% 6,329 $1,873,985,000 $296,095
Over 100% 221 $72,085,000 $326,176
Under 20% 97 $9,405,000 $96,959

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 4,629 $1,504,495,000 $325,015
$150k-250k 2,969 $1,110,955,000 $374,185
$50k-75k 2,893 $662,895,000 $229,138
$50k-or less 1,614 $337,340,000 $209,009
$75k-100k 3,254 $913,440,000 $280,713
$Over $250k 640 $264,100,000 $412,656

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 10,990 $3,212,100,000 $292,275
Not provided 3,121 $989,545,000 $317,060
Asian 928 $317,070,000 $341,670
Black 822 $231,630,000 $281,788
American Indian 90 $26,420,000 $293,556
Native Hawaiian 35 $11,695,000 $334,143
Filipino 6 $2,430,000 $405,000
Chinese 3 $1,275,000 $425,000
Asian Indian 2 $450,000 $225,000
Vietnamese 1 $325,000 $325,000
Korean 1 $285,000 $285,000

Approval Rates

Total approvals of all applications
94.10%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
12.70%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 15,999 $4,793,225,000 $299,595

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 9,792 $3,071,080,000 $313,632
$1k-2k 3,273 $852,465,000 $260,454
$2k-3k 1,257 $336,515,000 $267,713
$3k-4k 1,079 $315,865,000 $292,739
$5k+ 591 $216,385,000 $366,134

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 13 $2,055,000 $158,077
Single Family (1-4 Units):Site-Built 15,986 $4,791,170,000 $299,710