Fisher Financial Group Incorporated Mortgage Rates, Fees & Info
GILBERT, AZLEI: 549300REPZK0JXAZ6D94
Tax ID: 86-0766296
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Mortgage Data
Review & Overview
Fisher Financial Group Incorporated is a smaller mortgage company specializing in NA loans. Fisher Financial Group Incorporated has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, San Diego, and Sacramento among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Fisher Financial Group Incorporated has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high rates.
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Originations
20Origination Dollar Volume (All Markets)
$8,450,000Top 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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $5,335,000 | $485,000 | $0 | 11.32% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 8 | $2,780,000 | $347,500 | $2,295 | 9.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 4.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against FISHER FINANCIAL GROUP INCORPORATED 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 | 20 | $8,450,000 | $422,500 | $2,295 | 10.14% |
For 2018, Fisher Financial Group Incorporated's most frequently originated type of loan was Conventional, with 20 originations.
Loan Reason
For 2018, Fisher Financial Group Incorporated's most frequently cited loan purpose was NA, with 14 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
For 2018, Fisher Financial Group Incorporated's most frequently cited loan duration was Other, with 16 originations. The 2nd most popular length was 30 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 2 | $520,000 | $260,000 |
| $2k-3k | 1 | $165,000 | $165,000 |
Fisher Financial Group Incorporated's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 15 | $4,755,000 | $317,000 |
| 4-5% | 2 | $500,000 | $250,000 |
| 7-8% | 2 | $3,010,000 | $1,505,000 |
| 3-4% | 1 | $185,000 | $185,000 |
During 2018, Fisher Financial Group Incorporated's average interest rate for loans was 7.25%, while their most frequently originated rate bucket for loans was Over 8%, with 15 originations.
Loan Sizing
2018 saw Fisher Financial Group Incorporated place emphasis on $200k-400k loans with 10 originations, totaling $3,120,000 in origination value.
Applicant Income
Fisher Financial Group Incorporated lent most frequently to those with incomes in the $50k or less range, with 2 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 1 | $185,000 | $185,000 | $2,295 | 4.00% |
| 38% | 1 | $335,000 | $335,000 | $0 | 4.38% |
| 45% | 1 | $165,000 | $165,000 | $0 | 4.50% |
Fisher Financial Group Incorporated lent most frequently to those with DTI ratios of <20%, with 1 originations. The next most common DTI ratio? 38%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.77%
Fisher Financial Group Incorporated has an average approval rate.
Pick Rate
Approvals leading to origination-1,380.00%
Fisher Financial Group Incorporated has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 20 | $8,450,000 | $422,500 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 20 | $8,450,000 | $422,500 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Fay Servicing, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 1.3% |
| Fay Servicing, LLC | Conventional home mortgage | Closing on a mortgage | 2 | 0.9% |
| Fay Servicing, LLC | Conventional home mortgage | Incorrect information on your report | 3 | 1.3% |
| Fay Servicing, LLC | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.4% |
| Fay Servicing, LLC | Conventional home mortgage | Struggling to pay mortgage | 106 | 45.1% |
| Fay Servicing, LLC | Conventional home mortgage | Trouble during payment process | 59 | 25.1% |
| Fay Servicing, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 0.9% |
| Fay Servicing, LLC | FHA mortgage | Struggling to pay mortgage | 14 | 6.0% |
| Fay Servicing, LLC | FHA mortgage | Trouble during payment process | 6 | 2.6% |
| Fay Servicing, LLC | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 3 | 1.3% |
| Fay Servicing, LLC | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 2.1% |
| Fay Servicing, LLC | Other type of mortgage | Struggling to pay mortgage | 10 | 4.3% |
| Fay Servicing, LLC | Other type of mortgage | Trouble during payment process | 19 | 8.1% |
| Fay Servicing, LLC | VA mortgage | Struggling to pay mortgage | 1 | 0.4% |
| Fay Servicing, LLC | VA mortgage | Trouble during payment process | 1 | 0.4% |