The Money House Mortgage Rates, Fees & Info
San Juan,LEI: 549300TDRENNEZ2S6M03
Tax ID: 66-0545351
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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.) 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.
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Originations
929Origination Dollar Volume (All Markets)
$128,795,000Top 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) | 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% |
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.
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Product Mix
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
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 Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 929 | $128,795,000 | $138,638 | $7,623 | 5.45% |
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.
Interest Rates
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.
Loan Sizing
2022 saw The Money House place emphasis on $100k-200k loans with 461 originations, totaling $63,285,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.58%
The Money House has an average approval rate.
Pick Rate
Approvals leading to origination87.41%
The Money House has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 929 | $128,795,000 | $138,638 |