The Money House Mortgage Rates, Fees & Info

San Juan,

LEI: 549300TDRENNEZ2S6M03

Tax ID: 66-0545351

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

Jump to:

Mortgage Data

Review & Overview

The Money House is a smaller mortgage company specializing in Home Purchase 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.) 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, Orlando, San GermÁn, and Aguadilla among others. We have data for 22 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. The Money House is typically an average 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.

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.


Originations

1,489

Origination Dollar Volume (All Markets)

$204,415,000
Show all (5) 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
SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) 1,040 $147,150,000 $141,490 $5,549 3.49%
PONCE, PR (FHA|USDA|VA) 123 $13,335,000 $108,415 $4,660 3.46%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 42 $9,830,000 $234,048 $6,622 2.64%
SAN GERMÁN, PR (FHA|USDA|VA) 48 $5,610,000 $116,875 $5,017 3.60%
AGUADILLA-ISABELA, PR (FHA|USDA|VA) 32 $4,480,000 $140,000 $5,811 3.44%
MAYAGÜEZ, PR (FHA|USDA|VA) 37 $4,165,000 $112,568 $5,171 3.44%
GUAYAMA, PR (FHA|USDA|VA) 42 $4,130,000 $98,333 $4,157 3.49%
Arecibo, PR (FHA|USDA|VA) 26 $2,660,000 $102,308 $4,358 3.51%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 13 $2,515,000 $193,462 $7,274 2.84%
Coamo, PR (FHA|USDA|VA) 18 $1,950,000 $108,333 $4,581 3.53%
YAUCO, PR (FHA|USDA|VA) 20 $1,940,000 $97,000 $4,118 3.53%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,310,000 $218,333 $8,365 2.79%
Santa Isabel, PR (FHA|USDA|VA) 11 $1,295,000 $117,727 $4,441 3.39%
Coco, PR (FHA|USDA|VA) 14 $1,120,000 $80,000 $3,911 3.27%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $945,000 $315,000 $9,420 2.42%
Jayuya, PR (FHA|USDA|VA) 5 $585,000 $117,000 $3,824 3.55%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $335,000 $335,000 $8,827 3.75%
Outside of Metro Areas 4 $330,000 $82,500 $5,729 3.28%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $265,000 $265,000 $9,604 3.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $195,000 $195,000 $7,473 2.25%
OCALA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $6,890 2.63%
HINESVILLE, GA (FHA|USDA|VA) 1 $105,000 $105,000 $4,276 2.88%
The Money House's top markets include San Juan, Ponce, Orlando, San GermÁn, and Aguadilla among others.

Their top states include:
  • Puerto Rico (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    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.

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 933 $120,395,000 $129,041 $5,556 3.42%
    Conventional 267 $45,005,000 $168,558 $5,916 3.65%
    USDA 192 $21,810,000 $113,594 $4,222 3.45%
    VA 87 $16,025,000 $184,195 $4,761 3.35%
    FHA 9 $985,000 $109,444 $0 1.90%
    FHA 1 $195,000 $195,000 $0 2.00%

    For 2021, The Money House's most frequently originated type of loan was FHA, with 933 originations. Their 2nd most popular type was Conventional, with 267 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,115 $159,965,000 $143,466 $5,963 3.47%
    Refi 313 $34,455,000 $110,080 $3,182 3.48%
    Cash Out Refi 61 $9,995,000 $163,852 $6,548 3.02%

    For 2021, The Money House's most frequently cited loan purpose was Home Purchase, with 1,115 originations. The 2nd most popular reason was Refi, with 313 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,038 $141,540,000 $136,358 $5,115 3.46%
    30 Year 430 $60,490,000 $140,674 $6,130 3.44%
    15 Year 12 $1,550,000 $129,167 $4,983 3.19%
    20 Year 8 $750,000 $93,750 $3,913 3.30%
    10 Year 1 $85,000 $85,000 $3,171 2.88%

    For 2021, The Money House's most frequently cited loan duration was Other, with 1,038 originations. The 2nd most popular length was 30 Year, with 430 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 921 $113,075,000 $122,774
    $1k-2k 222 $29,110,000 $131,126
    $2k-3k 151 $20,595,000 $136,391
    $3k-4k 85 $13,575,000 $159,706
    $5k+ 64 $19,280,000 $301,250
    $4k-5k 33 $6,815,000 $206,515

    The Money House's average total fees were $6,130, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 921 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,209 $158,045,000 $130,724
    2.5-3% 203 $34,505,000 $169,975
    4-5% 43 $5,345,000 $124,302
    <2.5% 27 $5,635,000 $208,704
    5-6% 7 $885,000 $126,429

    During 2021, The Money House's average interest rate for loans was 3.44%, while their most frequently originated rate bucket for loans was 3-4%, with 1,209 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 716 $97,550,000 $136,243 $5,434 3.43%
    $100,000 or less 546 $42,900,000 $78,571 $3,585 3.55%
    $200k-400k 210 $55,700,000 $265,238 $9,439 3.29%
    $400k-600k 17 $8,265,000 $486,176 $11,930 3.33%

    2021 saw The Money House place emphasis on $100k-200k loans with 716 originations, totaling $97,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 947 $101,435,000 $107,112 $4,368 3.47%
    $50k-75k 265 $41,575,000 $156,887 $6,440 3.38%
    $75k-100k 115 $21,645,000 $188,217 $7,245 3.46%
    $100k-150k 98 $21,240,000 $216,735 $8,081 3.41%
    $150k-250k 45 $13,175,000 $292,778 $8,883 3.48%
    $250k+ 19 $5,345,000 $281,316 $8,696 3.70%

    The Money House lent most frequently to those with incomes in the $50k or less range, with 947 originations. The second most popular income band? $50k-75k, with 265 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 267 $38,895,000 $145,674 $5,712 3.46%
    30-36% 209 $27,785,000 $132,943 $5,667 3.48%
    <20% 89 $11,285,000 $126,798 $4,811 3.40%
    40% 61 $8,545,000 $140,082 $5,985 3.47%
    49% 59 $7,585,000 $128,559 $6,318 3.40%
    42% 58 $8,070,000 $139,138 $5,912 3.42%
    37% 55 $8,755,000 $159,182 $6,099 3.46%
    44% 53 $6,665,000 $125,755 $5,401 3.50%
    48% 51 $8,345,000 $163,627 $7,001 3.33%
    36% 51 $6,765,000 $132,647 $5,171 3.51%
    46% 50 $7,740,000 $154,800 $6,865 3.36%
    47% 49 $6,905,000 $140,918 $6,092 3.42%
    41% 46 $7,400,000 $160,870 $5,911 3.48%
    38% 45 $6,145,000 $136,556 $5,301 3.44%
    45% 40 $5,380,000 $134,500 $5,344 3.50%
    39% 37 $5,195,000 $140,405 $5,803 3.36%
    43% 36 $5,380,000 $149,444 $6,593 3.48%
    50-60% 24 $4,390,000 $182,917 $6,953 3.24%
    >60% 6 $770,000 $128,333 $4,043 3.15%

    The Money House lent most frequently to those with DTI ratios of 20-30%, with 267 originations. The next most common DTI ratio? 30-36%, with 209 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,312 $179,510,000 $136,822 $5,415 3.46%
    Not provided 123 $17,355,000 $141,098 $5,389 3.32%
    Black 48 $6,770,000 $141,042 $5,094 3.53%
    American Indian 4 $590,000 $147,500 $6,152 3.41%
    Asian 1 $95,000 $95,000 $3,382 3.63%
    Native Hawaiian or Islander 1 $95,000 $95,000 $2,824 3.00%

    Approval Rates

    Total approvals of all applications
    93.10%

    The Money House has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.56%

    The Money House has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,489 $204,415,000 $137,283

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,489 $204,415,000 $137,283

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $940,000 $58,750 $3,153 3.15%
    40-60% 47 $4,745,000 $100,957 $4,296 3.17%
    60-80% 262 $33,880,000 $129,313 $4,921 3.61%
    80-100% 1,131 $159,145,000 $140,712 $5,460 3.43%
    Over 100% 33 $5,705,000 $172,879 $9,406 3.44%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    THE MONEY HOUSE, INC. Reverse mortgage Closing on a mortgage 1 25.0%
    THE MONEY HOUSE, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 50.0%
    THE MONEY HOUSE, INC. VA mortgage Closing on a mortgage 1 25.0%