Aurora Financial Mortgage Rates, Fees & Info
MECHANICSVILLE, VALEI: 549300S93XI20FLTGK89
Tax ID: 20-0137049
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
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 | 6.53% | 4/5/25 |
| 30 Year Conventional Refi | 6.40% | 4/5/25 |
| 30 Year Cash-out Refi | 6.52% | 4/5/25 |
| 30 Year VA Purchase | 5.97% | 4/5/25 |
| 30 Year VA Refi | 5.83% | 4/5/25 |
| 15 Year Conventional Purchase | 5.76% | 4/5/25 |
| 15 Year Conventional Refi | 5.54% | 4/5/25 |
| 15 Year Cash-out Refi | 5.54% | 4/5/25 |
| 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
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Aurora Financial. 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
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
Similarity Rank: 80
Similarity Rank: 82
Similarity Rank: 84
Similarity Rank: 90
Similarity Rank: 96
Similarity Rank: 117
Similarity Rank: 121
Similarity Rank: 126
Similarity Rank: 154
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 |