The Money House Mortgage Rates, Fees & InfoSan Juan,
Tax ID: 66-0545351
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewThe Money House is a smaller mortgage company specializing in loans. They have a a high proportion of FHA loans. The Money House has an average proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Juan, Ponce, San GermÁn, Arecibo, and MayagÜez among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)
The Money House 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.
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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Origination Dollar Volume (All Markets)$128,795,000
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|
|SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA)||684||$98,990,000||$144,722||$7,785||5.44%|
|PONCE, PR (FHA|USDA|VA)||67||$7,315,000||$109,179||$6,555||5.61%|
|SAN GERMÁN, PR (FHA|USDA|VA)||25||$3,465,000||$138,600||$7,560||5.09%|
|Arecibo, PR (FHA|USDA|VA)||24||$3,430,000||$142,917||$8,638||5.50%|
|MAYAGÜEZ, PR (FHA|USDA|VA)||20||$2,360,000||$118,000||$7,290||5.71%|
|AGUADILLA-ISABELA, PR (FHA|USDA|VA)||19||$2,355,000||$123,947||$7,723||5.33%|
|YAUCO, PR (FHA|USDA|VA)||23||$2,215,000||$96,304||$6,717||5.53%|
|GUAYAMA, PR (FHA|USDA|VA)||22||$2,060,000||$93,636||$5,782||6.00%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||5||$1,365,000||$273,000||$7,947||3.65%|
|Santa Isabel, PR (FHA|USDA|VA)||9||$1,105,000||$122,778||$7,876||5.57%|
|Coco, PR (FHA|USDA|VA)||11||$1,085,000||$98,636||$6,900||5.59%|
|Coamo, PR (FHA|USDA|VA)||8||$760,000||$95,000||$7,239||5.89%|
|LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)||3||$725,000||$241,667||$17,646||3.71%|
|NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)||1||$395,000||$395,000||$10,553||5.63%|
|DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)||1||$285,000||$285,000||$13,304||4.75%|
|OCALA, FL (FHA|USDA|VA)||1||$205,000||$205,000||$4,718||3.88%|
|Jayuya, PR (FHA|USDA|VA)||3||$195,000||$65,000||$5,332||5.25%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||1||$175,000||$175,000||$4,242||4.88%|
|GAINESVILLE, FL (FHA|USDA|VA)||1||$165,000||$165,000||$8,510||6.50%|
|Outside of Metro Areas||1||$145,000||$145,000||$4,540||7.00%|
We use machine learning to identify the top lenders compared against THE MONEY HOUSE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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For 2022, The Money House's most frequently originated type of loan was FHA, with 673 originations. Their 2nd most popular type was Conventional, with 98 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||44||$5,540,000||$125,909||$7,604||4.67%|
For 2022, The Money House's most frequently cited loan purpose was Home Purchase, with 807 originations. The 2nd most popular reason was Refi, with 78 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, The Money House's most frequently cited loan duration was Other, with 929 originations.
Origination Fees/Closing Costs
The Money House's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 255 originations.
During 2022, The Money House's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 302 originations.
2022 saw The Money House place emphasis on $100k-200k loans with 461 originations, totaling $63,285,000 in origination value.
The Money House lent most frequently to those with incomes in the $50k or less range, with 549 originations. The second most popular income band? $50k-75k, with 184 originations.
Applicant Debt to Income Ratio
The Money House lent most frequently to those with DTI ratios of 30-36%, with 131 originations. The next most common DTI ratio? 20-30%, with 119 originations.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
The Money House has an average approval rate.
Pick RateApprovals leading to origination
The Money House has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|