Aurora Financial Mortgage Rates, Fees & Info
MECHANICSVILLE, VALEI: 549300S93XI20FLTGK89
Tax ID: 20-0137049
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Mortgage Data
Review & Overview
Aurora Financial is a smaller mortgage company specializing in Home Purchase loans. Aurora Financial has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Atlanta, Raleigh, and Charlotte among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)Aurora Financial 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.53% | 6/22/25 |
| 30 Year Conventional Refi | 6.40% | 6/22/25 |
| 30 Year Cash-out Refi | 6.52% | 6/22/25 |
| 30 Year VA Purchase | 5.97% | 6/22/25 |
| 30 Year VA Refi | 5.83% | 6/22/25 |
| 15 Year Conventional Purchase | 5.76% | 6/22/25 |
| 15 Year Conventional Refi | 5.54% | 6/22/25 |
| 15 Year Cash-out Refi | 5.54% | 6/22/25 |
| 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. | ||
Aurora Financial Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
129Origination Dollar Volume (All Markets)
$64,805,000Relative Rate
Aurora Financial's average 30 year fixed mortgage rate was
6.42%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.13%.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 41 | $21,535,000 | $525,244 | $0 | 6.11% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 10 | $10,090,000 | $1,009,000 | $0 | 6.16% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $4,000,000 | $500,000 | $0 | 6.32% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 8 | $3,530,000 | $441,250 | $0 | 6.27% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $3,520,000 | $440,000 | $0 | 6.34% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $2,670,000 | $445,000 | $0 | 6.35% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $2,125,000 | $425,000 | $0 | 5.95% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $2,010,000 | $502,500 | $0 | 6.12% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $0 | 6.34% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $0 | 6.56% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $0 | 6.56% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 6.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 6.69% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 6.49% |
| Outside of Metro Areas | 2 | $720,000 | $360,000 | $0 | 6.31% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 6.49% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $0 | 6.43% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 6.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 6.88% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 6.49% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 6.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 5.75% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 5.88% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 6.50% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 6.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 6.38% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 6.49% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 6.63% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 6.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 6.63% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 5.99% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 6.99% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 5.99% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 6.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 6.63% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Aurora Financial based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 42
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 119 | $60,635,000 | $509,538 | $0 | 6.31% |
| VA | 10 | $4,170,000 | $417,000 | $0 | 5.85% |
For 2024, Aurora Financial's most frequently originated type of loan was Conventional, with 119 originations. Their 2nd most popular type was VA, with 10 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 105 | $55,135,000 | $525,095 | $0 | 6.40% |
| Refi | 20 | $8,820,000 | $441,000 | $0 | 5.62% |
| Cash Out Refi | 4 | $850,000 | $212,500 | $0 | 6.22% |
For 2024, Aurora Financial's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 104 | $54,080,000 | $520,000 | $0 | 6.42% |
| 15 Year | 21 | $9,505,000 | $452,619 | $0 | 5.63% |
| 20 Year | 4 | $1,220,000 | $305,000 | $0 | 5.81% |
For 2024, Aurora Financial's most frequently cited loan duration was 30 Year, with 104 originations. The 2nd most popular length was 15 Year, with 21 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 89 | $41,195,000 | $462,865 |
| 5-6% | 35 | $21,005,000 | $600,143 |
| 4-5% | 3 | $1,525,000 | $508,333 |
| 7-8% | 2 | $1,080,000 | $540,000 |
During 2024, Aurora Financial's average interest rate for loans was 6.42%, while their most frequently originated rate bucket for loans was 6-7%, with 89 originations.
Loan Sizing
2024 saw Aurora Financial place emphasis on $400k-600k loans with 58 originations, totaling $28,420,000 in origination value.
Applicant Income
Aurora Financial lent most frequently to those with incomes in the $150k-250k range, with 56 originations. The second most popular income band? $100k-150k, with 33 originations.
Applicant Debt to Income Ratio
Aurora Financial lent most frequently to those with DTI ratios of 20-30%, with 35 originations. The next most common DTI ratio? 30-36%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.72%
Aurora Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.62%
Aurora Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 129 | $64,805,000 | $502,364 |