Fisher Financial Group Incorporated Mortgage Rates, Fees & Info

GILBERT, AZ

LEI: 549300REPZK0JXAZ6D94

Tax ID: 86-0766296

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Fisher Financial Group Incorporated is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Fisher Financial Group Incorporated has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Phoenix, Los Angeles, San Francisco, Sacramento, and San Diego among others. We have data for 31 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. Fisher Financial Group Incorporated is typically a low 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 about average 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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    Originations

    689

    Origination Dollar Volume (All Markets)

    $259,415,000
    Show all (13) awards

    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
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 202 $65,110,000 $322,327 $2,734 2.95%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 141 $60,415,000 $428,475 $2,652 2.78%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 68 $30,400,000 $447,059 $2,900 2.77%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 49 $17,985,000 $367,041 $2,532 2.90%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 42 $17,220,000 $410,000 $2,644 2.68%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 46 $16,490,000 $358,478 $2,634 2.86%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 24 $11,920,000 $496,667 $2,506 2.71%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 21 $8,675,000 $413,095 $2,460 2.80%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 10 $3,500,000 $350,000 $1,944 2.69%
    STOCKTON, CA (FHA|USDA|VA) 9 $3,265,000 $362,778 $3,072 3.04%
    VALLEJO, CA (FHA|USDA|VA) 8 $3,010,000 $376,250 $2,819 2.69%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 5 $2,495,000 $499,000 $2,367 2.73%
    BAKERSFIELD, CA (FHA|USDA|VA) 9 $2,065,000 $229,444 $2,519 2.99%
    MODESTO, CA (FHA|USDA|VA) 7 $2,005,000 $286,429 $2,222 2.86%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 6 $1,970,000 $328,333 $1,706 2.35%
    FRESNO, CA (FHA|USDA|VA) 7 $1,945,000 $277,857 $1,709 2.75%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 4 $1,900,000 $475,000 $3,657 2.84%
    TUCSON, AZ (FHA|USDA|VA) 5 $1,465,000 $293,000 $2,703 2.95%
    SALINAS, CA (FHA|USDA|VA) 4 $1,210,000 $302,500 $2,268 3.03%
    Outside of Metro Areas 3 $1,045,000 $348,333 $3,948 2.75%
    YUBA CITY, CA (FHA|USDA|VA) 2 $830,000 $415,000 $2,298 3.06%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $820,000 $410,000 $2,939 2.69%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $725,000 $241,667 $2,818 3.08%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $650,000 $325,000 $4,455 3.06%
    REDDING, CA (FHA|USDA|VA) 2 $520,000 $260,000 $1,350 2.44%
    EL CENTRO, CA (FHA|USDA|VA) 2 $460,000 $230,000 $2,258 2.56%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $420,000 $210,000 $1,448 2.50%
    VISALIA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,205 2.75%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $3,170 3.25%
    CHICO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $3,185 2.75%
    Show Low, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $1,725 2.88%
    Fisher Financial Group Incorporated's top markets include Phoenix, Los Angeles, San Francisco, Sacramento, and San Diego among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • 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.

    Christian Community Credit Union
    Similarity Rank: 354
    First Credit Union
    Similarity Rank: 378
    Credence Funding Corporation
    Similarity Rank: 404
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 825
    MYPOINT Credit Union
    Similarity Rank: 924
    Chaffey Federal Credit Union
    Similarity Rank: 966
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 1134
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1164
    ARIZONA CENTRAL
    Similarity Rank: 1166

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 683 $257,175,000 $376,537 $2,644 2.84%
    VA 3 $1,185,000 $395,000 $2,430 2.58%
    FHA 2 $510,000 $255,000 $6,872 3.19%
    USDA 1 $545,000 $545,000 $4,832 2.88%

    For 2021, Fisher Financial Group Incorporated's most frequently originated type of loan was Conventional, with 683 originations. Their 2nd most popular type was VA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 391 $143,845,000 $367,890 $2,430 2.71%
    Cash Out Refi 267 $104,015,000 $389,569 $2,717 2.99%
    Home Purchase 31 $11,555,000 $372,742 $5,036 3.14%

    For 2021, Fisher Financial Group Incorporated's most frequently cited loan purpose was Refi, with 391 originations. The 2nd most popular reason was Cash Out Refi, with 267 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 557 $216,095,000 $387,962 $2,733 2.93%
    15 Year 81 $25,735,000 $317,716 $2,369 2.36%
    20 Year 32 $11,970,000 $374,063 $2,460 2.73%
    10 Year 11 $2,915,000 $265,000 $1,633 2.07%
    Other 8 $2,700,000 $337,500 $2,612 3.06%

    For 2021, Fisher Financial Group Incorporated's most frequently cited loan duration was 30 Year, with 557 originations. The 2nd most popular length was 15 Year, with 81 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 368 $139,170,000 $378,179
    $2k-3k 207 $74,425,000 $359,541
    $1k-2k 59 $21,605,000 $366,186
    $5k+ 36 $17,500,000 $486,111
    $4k-5k 11 $4,075,000 $370,455
    $3k-4k 5 $1,725,000 $345,000

    Fisher Financial Group Incorporated's average total fees were $2,733, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 368 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 415 $160,525,000 $386,807
    3-4% 146 $52,910,000 $362,397
    <2.5% 124 $44,640,000 $360,000
    4-5% 3 $715,000 $238,333
    5-6% 1 $625,000 $625,000

    During 2021, Fisher Financial Group Incorporated's average interest rate for loans was 2.93%, while their most frequently originated rate bucket for loans was 2.5-3%, with 415 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 360 $108,540,000 $301,500 $2,451 2.82%
    $400k-600k 237 $114,075,000 $481,329 $2,721 2.82%
    $100k-200k 53 $8,995,000 $169,717 $2,395 2.94%
    $600k-1MM 39 $27,805,000 $712,949 $4,553 2.97%

    2021 saw Fisher Financial Group Incorporated place emphasis on $200k-400k loans with 360 originations, totaling $108,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 222 $86,300,000 $388,739 $2,783 2.83%
    $150k-250k 185 $79,355,000 $428,946 $2,700 2.83%
    $75k-100k 125 $41,215,000 $329,720 $2,398 2.81%
    $50k-75k 76 $20,750,000 $273,026 $2,478 2.94%
    $250k+ 56 $25,960,000 $463,571 $2,989 2.79%
    $50k or less 25 $5,835,000 $233,400 $2,345 2.95%

    Fisher Financial Group Incorporated lent most frequently to those with incomes in the $100k-150k range, with 222 originations. The second most popular income band? $150k-250k, with 185 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 159 $59,055,000 $371,415 $2,549 2.71%
    30-36% 130 $51,500,000 $396,154 $2,580 2.83%
    <20% 72 $23,700,000 $329,167 $2,445 2.78%
    42% 35 $13,555,000 $387,286 $2,594 3.03%
    41% 33 $12,585,000 $381,364 $2,465 2.84%
    43% 30 $11,480,000 $382,667 $3,141 2.82%
    38% 27 $10,435,000 $386,481 $2,507 2.86%
    45% 26 $8,110,000 $311,923 $2,935 2.91%
    44% 26 $9,070,000 $348,846 $2,184 2.88%
    36% 25 $8,745,000 $349,800 $3,056 2.98%
    39% 23 $8,425,000 $366,304 $2,455 2.93%
    46% 20 $7,760,000 $388,000 $3,507 2.93%
    49% 19 $7,745,000 $407,632 $2,684 2.93%
    37% 17 $6,115,000 $359,706 $3,745 2.98%
    40% 17 $6,935,000 $407,941 $2,271 2.91%
    47% 16 $7,510,000 $469,375 $2,770 2.89%
    48% 10 $4,960,000 $496,000 $3,756 3.05%
    50-60% 4 $1,730,000 $432,500 $2,380 2.84%

    Fisher Financial Group Incorporated lent most frequently to those with DTI ratios of 20-30%, with 159 originations. The next most common DTI ratio? 30-36%, with 130 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 548 $203,160,000 $370,730 $2,600 2.85%
    Not provided 74 $29,830,000 $403,108 $3,174 2.86%
    Asian 58 $23,220,000 $400,345 $2,418 2.69%
    Black 8 $2,900,000 $362,500 $3,784 2.86%
    American Indian 1 $305,000 $305,000 $1,460 2.75%

    Approval Rates

    Total approvals of all applications
    98.87%

    Fisher Financial Group Incorporated has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    73.44%

    Fisher Financial Group Incorporated has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 689 $259,415,000 $376,509

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    689 $259,415,000 $376,509

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 104 $35,150,000 $337,981 $2,692 2.75%
    40-60% 298 $115,180,000 $386,510 $2,495 2.75%
    60-80% 251 $95,275,000 $379,582 $2,736 2.94%
    80-100% 28 $11,190,000 $399,643 $3,700 3.22%
    Under 20% 8 $2,620,000 $327,500 $2,204 2.64%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Fay Servicing, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 11 3.5%
    Fay Servicing, LLC Conventional home mortgage Closing on a mortgage 9 2.9%
    Fay Servicing, LLC Conventional home mortgage Incorrect information on your report 4 1.3%
    Fay Servicing, LLC Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.3%
    Fay Servicing, LLC Conventional home mortgage Struggling to pay mortgage 145 46.8%
    Fay Servicing, LLC Conventional home mortgage Trouble during payment process 91 29.4%
    Fay Servicing, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.3%
    Fay Servicing, LLC FHA mortgage Closing on a mortgage 2 0.6%
    Fay Servicing, LLC FHA mortgage Struggling to pay mortgage 10 3.2%
    Fay Servicing, LLC FHA mortgage Trouble during payment process 5 1.6%
    Fay Servicing, LLC Home equity loan or line of credit (HELOC) Trouble during payment process 1 0.3%
    Fay Servicing, LLC Other type of mortgage Closing on a mortgage 1 0.3%
    Fay Servicing, LLC Other type of mortgage Struggling to pay mortgage 7 2.3%
    Fay Servicing, LLC Other type of mortgage Trouble during payment process 21 6.8%
    Fay Servicing, LLC VA mortgage Struggling to pay mortgage 1 0.3%