Aag

Orange, CA 92868

LEI: 549300TINI6CL78UD591

Tax ID: 20-1832276

2019 Data | 2018 Data


Overview

Aag is a small mortgage company specializing in Refi loans. Aag has an average proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets include Los Angeles, Anaheim, San Diego, San Jose, and Denver among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Aag is typically a lendor.


Originations

11,679

Origination Dollar Volume (All Markets)

$1,543,455,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 404 $237,730,000 $588,441
FHA 11,261 $1,302,965,000 $115,706
VA 14 $2,760,000 $197,143

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 201 $38,745,000 $192,761
Home Improvement 2 $110,000 $55,000
Other 40 $3,330,000 $83,250
Refi 11,257 $1,472,855,000 $130,839
Cash Out Refi 179 $28,415,000 $158,743

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
LOS ANGELES-LONG BEACH-GLENDALE, CA 546 $194,290,000 $355,842
Outside of Metro Areas 1,512 $109,440,000 $72,381
ANAHEIM-SANTA ANA-IRVINE, CA 212 $73,960,000 $348,868
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 228 $70,160,000 $307,719
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 109 $54,845,000 $503,165
DENVER-AURORA-LAKEWOOD, CO 326 $53,660,000 $164,601
OAKLAND-BERKELEY-LIVERMORE, CA 146 $43,250,000 $296,233
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 282 $42,980,000 $152,411
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 82 $40,730,000 $496,707
PHOENIX-MESA-CHANDLER, AZ 342 $38,140,000 $111,520
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 202 $31,910,000 $157,970
SEATTLE-BELLEVUE-KENT, WA 124 $22,520,000 $181,613
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 152 $21,470,000 $141,250
SACRAMENTO-ROSEVILLE-FOLSOM, CA 129 $21,365,000 $165,620
DALLAS-PLANO-IRVING, TX 221 $21,295,000 $96,357
LAS VEGAS-HENDERSON-PARADISE, NV 174 $20,120,000 $115,632
NASSAU COUNTY-SUFFOLK COUNTY, NY 140 $19,910,000 $142,214
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 104 $17,410,000 $167,404
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 190 $17,140,000 $90,211
NEW BRUNSWICK-LAKEWOOD, NJ 108 $15,040,000 $139,259
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 175 $14,055,000 $80,314
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 76 $13,620,000 $179,211
TAMPA-ST. PETERSBURG-CLEARWATER, FL 142 $12,520,000 $88,169
CHICAGO-NAPERVILLE-EVANSTON, IL 138 $12,350,000 $89,493
URBAN HONOLULU, HI 43 $12,005,000 $279,186
BOISE CITY, ID 96 $11,270,000 $117,396
FORT WORTH-ARLINGTON-GRAPEVINE, TX 127 $9,985,000 $78,622
SAN RAFAEL, CA 20 $9,650,000 $482,500
OXNARD-THOUSAND OAKS-VENTURA, CA 39 $9,365,000 $240,128
ORLANDO-KISSIMMEE-SANFORD, FL 96 $9,260,000 $96,458
SANTA MARIA-SANTA BARBARA, CA 25 $9,025,000 $361,000
SALT LAKE CITY, UT 60 $8,850,000 $147,500
PRESCOTT VALLEY-PRESCOTT, AZ 61 $8,605,000 $141,066
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 87 $8,325,000 $95,690
SANTA ROSA-PETALUMA, CA 31 $8,155,000 $263,065
SAN LUIS OBISPO-PASO ROBLES, CA 29 $7,995,000 $275,690
CHARLOTTE-CONCORD-GASTONIA, NC-SC 90 $7,890,000 $87,667
SALINAS, CA 17 $7,655,000 $450,294
BALTIMORE-COLUMBIA-TOWSON, MD 74 $7,430,000 $100,405
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 69 $7,085,000 $102,681
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 61 $6,645,000 $108,934
RENO, NV 47 $6,625,000 $140,957
AUSTIN-ROUND ROCK-GEORGETOWN, TX 58 $6,590,000 $113,621
VALLEJO, CA 40 $6,450,000 $161,250
SAN ANTONIO-NEW BRAUNFELS, TX 84 $6,430,000 $76,548
NEWARK, NJ-PA 57 $6,285,000 $110,263
TACOMA-LAKEWOOD, WA 46 $6,240,000 $135,652
OGDEN-CLEARFIELD, UT 47 $6,125,000 $130,319
COLORADO SPRINGS, CO 49 $5,925,000 $120,918
NORTH PORT-SARASOTA-BRADENTON, FL 52 $5,900,000 $113,462
MIAMI-MIAMI BEACH-KENDALL, FL 46 $5,870,000 $127,609
JACKSONVILLE, FL 61 $5,585,000 $91,557
SANTA CRUZ-WATSONVILLE, CA 15 $5,585,000 $372,333
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 47 $5,415,000 $115,213
PORT ST. LUCIE, FL 48 $5,270,000 $109,792
FORT COLLINS, CO 34 $5,050,000 $148,529
NAPA, CA 14 $5,000,000 $357,143
GREELEY, CO 33 $4,945,000 $149,848
PHILADELPHIA, PA 65 $4,885,000 $75,154
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 48 $4,780,000 $99,583
BOULDER, CO 23 $4,695,000 $204,130
TUCSON, AZ 50 $4,640,000 $92,800
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 60 $4,610,000 $76,833
THE VILLAGES, FL 35 $4,415,000 $126,143
WARREN-TROY-FARMINGTON HILLS, MI 69 $4,365,000 $63,261
PITTSBURGH, PA 79 $4,195,000 $53,101
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 27 $4,135,000 $153,148
BRIDGEPORT-STAMFORD-NORWALK, CT 28 $4,070,000 $145,357
CAPE CORAL-FORT MYERS, FL 41 $3,975,000 $96,951
PROVO-OREM, UT 25 $3,885,000 $155,400
ST. GEORGE, UT 24 $3,790,000 $157,917
RICHMOND, VA 48 $3,760,000 $78,333
ST. LOUIS, MO-IL 58 $3,680,000 $63,448
INDIANAPOLIS-CARMEL-ANDERSON, IN 51 $3,665,000 $71,863
CINCINNATI, OH-KY-IN 54 $3,640,000 $67,407
CAMDEN, NJ 50 $3,600,000 $72,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 45 $3,545,000 $78,778
BAKERSFIELD, CA 39 $3,495,000 $89,615
STOCKTON, CA 25 $3,385,000 $135,400
MODESTO, CA 36 $3,370,000 $93,611
EUGENE-SPRINGFIELD, OR 29 $3,285,000 $113,276
COEUR D'ALENE, ID 16 $3,280,000 $205,000
KANSAS CITY, MO-KS 49 $3,275,000 $66,837
SALEM, OR 29 $3,245,000 $111,897
RALEIGH-CARY, NC 35 $3,075,000 $87,857
BEND, OR 22 $3,060,000 $139,091
SALISBURY, MD-DE 34 $3,030,000 $89,118
LOUISVILLE/JEFFERSON COUNTY, KY-IN 41 $2,985,000 $72,805
LAKELAND-WINTER HAVEN, FL 43 $2,945,000 $68,488
NEW ORLEANS-METAIRIE, LA 41 $2,915,000 $71,098
MERCED, CA 23 $2,725,000 $118,478
KAHULUI-WAILUKU-LAHAINA, HI 8 $2,700,000 $337,500
CHARLESTON-NORTH CHARLESTON, SC 28 $2,700,000 $96,429
SANTA FE, NM 15 $2,655,000 $177,000
NAPLES-MARCO ISLAND, FL 18 $2,610,000 $145,000
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 35 $2,595,000 $74,143
LAKE HAVASU CITY-KINGMAN, AZ 34 $2,530,000 $74,412
ALBUQUERQUE, NM 40 $2,530,000 $63,250
FRESNO, CA 27 $2,515,000 $93,148
CLEVELAND-ELYRIA, OH 34 $2,450,000 $72,059
PROVIDENCE-WARWICK, RI-MA 25 $2,385,000 $95,400
SPOKANE-SPOKANE VALLEY, WA 23 $2,275,000 $98,913
OLYMPIA-LACEY-TUMWATER, WA 17 $2,235,000 $131,471
KENNEWICK-RICHLAND, WA 17 $2,195,000 $129,118
COLUMBUS, OH 36 $2,170,000 $60,278
MEMPHIS, TN-MS-AR 31 $2,125,000 $68,548
PORTLAND-SOUTH PORTLAND, ME 24 $2,090,000 $87,083
WINSTON-SALEM, NC 28 $2,060,000 $73,571
COLUMBIA, SC 25 $2,055,000 $82,200
GREENVILLE-ANDERSON, SC 29 $2,025,000 $69,828
DURHAM-CHAPEL HILL, NC 25 $1,945,000 $77,800
OKLAHOMA CITY, OK 30 $1,940,000 $64,667
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 7 $1,905,000 $272,143
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 27 $1,885,000 $69,815
BELLINGHAM, WA 12 $1,800,000 $150,000
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 27 $1,775,000 $65,741
ALBANY-SCHENECTADY-TROY, NY 22 $1,750,000 $79,545
PUNTA GORDA, FL 20 $1,740,000 $87,000
BREMERTON-SILVERDALE-PORT ORCHARD, WA 12 $1,700,000 $141,667
TULSA, OK 27 $1,675,000 $62,037
YAKIMA, WA 15 $1,635,000 $109,000
GRAND JUNCTION, CO 16 $1,630,000 $101,875
DAPHNE-FAIRHOPE-FOLEY, AL 13 $1,605,000 $123,462
MEDFORD, OR 14 $1,600,000 $114,286
WILMINGTON, DE-MD-NJ 19 $1,585,000 $83,421
OCALA, FL 29 $1,585,000 $54,655
ALBANY-LEBANON, OR 13 $1,565,000 $120,385
GREENSBORO-HIGH POINT, NC 27 $1,525,000 $56,481
PENSACOLA-FERRY PASS-BRENT, FL 22 $1,520,000 $69,091
ROANOKE, VA 20 $1,480,000 $74,000
HILTON HEAD ISLAND-BLUFFTON, SC 10 $1,400,000 $140,000
DETROIT-DEARBORN-LIVONIA, MI 34 $1,380,000 $40,588
CHATTANOOGA, TN-GA 20 $1,350,000 $67,500
BIRMINGHAM-HOOVER, AL 26 $1,330,000 $51,154
LAKE COUNTY-KENOSHA COUNTY, IL-WI 21 $1,315,000 $62,619
KNOXVILLE, TN 15 $1,315,000 $87,667
NILES, MI 7 $1,305,000 $186,429
BUFFALO-CHEEKTOWAGA, NY 22 $1,250,000 $56,818
DES MOINES-WEST DES MOINES, IA 16 $1,230,000 $76,875
LAFAYETTE, LA 13 $1,215,000 $93,462
ASHEVILLE, NC 17 $1,205,000 $70,882
GAINESVILLE, FL 16 $1,200,000 $75,000
BATON ROUGE, LA 18 $1,200,000 $66,667
MILWAUKEE-WAUKESHA, WI 18 $1,190,000 $66,111
NEW HAVEN-MILFORD, CT 18 $1,160,000 $64,444
AUGUSTA-RICHMOND COUNTY, GA-SC 16 $1,140,000 $71,250
VISALIA, CA 11 $1,115,000 $101,364
ATLANTIC CITY-HAMMONTON, NJ 8 $1,100,000 $137,500
PUEBLO, CO 14 $1,090,000 $77,857
REDDING, CA 12 $1,060,000 $88,333
CHICO, CA 10 $1,050,000 $105,000
ELGIN, IL 14 $1,050,000 $75,000
HOMOSASSA SPRINGS, FL 15 $1,005,000 $67,000
YORK-HANOVER, PA 16 $990,000 $61,875
MADISON, WI 9 $975,000 $108,333
AKRON, OH 17 $965,000 $56,765
OMAHA-COUNCIL BLUFFS, NE-IA 13 $955,000 $73,462
LYNCHBURG, VA 18 $930,000 $51,667
HAGERSTOWN-MARTINSBURG, MD-WV 13 $925,000 $71,154
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 14 $900,000 $64,286
READING, PA 15 $895,000 $59,667
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 10 $890,000 $89,000
GRAND RAPIDS-KENTWOOD, MI 17 $875,000 $51,471
DAYTON-KETTERING, OH 16 $860,000 $53,750
YUBA CITY, CA 8 $860,000 $107,500
CHEYENNE, WY 4 $850,000 $212,500
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 15 $845,000 $56,333
GRANTS PASS, OR 9 $835,000 $92,778
KILLEEN-TEMPLE, TX 13 $825,000 $63,462
SPRINGFIELD, MO 16 $800,000 $50,000
GARY, IN 17 $785,000 $46,176
MANCHESTER-NASHUA, NH 8 $780,000 $97,500
LEXINGTON-FAYETTE, KY 18 $780,000 $43,333
LONGVIEW, TX 14 $760,000 $54,286
MONROE, LA 11 $755,000 $68,636
LAS CRUCES, NM 8 $750,000 $93,750
SEBASTIAN-VERO BEACH, FL 9 $745,000 $82,778
HARRISBURG-CARLISLE, PA 13 $735,000 $56,538
SCRANTON--WILKES-BARRE, PA 20 $730,000 $36,500
CANTON-MASSILLON, OH 13 $725,000 $55,769
TRENTON-PRINCETON, NJ 6 $720,000 $120,000
AMARILLO, TX 15 $715,000 $47,667
TWIN FALLS, ID 7 $695,000 $99,286
SOUTH BEND-MISHAWAKA, IN-MI 11 $695,000 $63,182
SPARTANBURG, SC 13 $695,000 $53,462
MOUNT VERNON-ANACORTES, WA 7 $685,000 $97,857
MADERA, CA 8 $680,000 $85,000
SIOUX FALLS, SD 9 $675,000 $75,000
LONGVIEW, WA 9 $675,000 $75,000
GULFPORT-BILOXI, MS 11 $665,000 $60,455
BILLINGS, MT 9 $665,000 $73,889
OCEAN CITY, NJ 8 $660,000 $82,500
KINGSTON, NY 4 $660,000 $165,000
FLAGSTAFF, AZ 5 $655,000 $131,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 12 $650,000 $54,167
SHERMAN-DENISON, TX 14 $640,000 $45,714
LUBBOCK, TX 10 $640,000 $64,000
HANFORD-CORCORAN, CA 7 $635,000 $90,714
TALLAHASSEE, FL 9 $635,000 $70,556
CHARLOTTESVILLE, VA 6 $630,000 $105,000
CARSON CITY, NV 4 $630,000 $157,500
SHREVEPORT-BOSSIER CITY, LA 11 $605,000 $55,000
HOT SPRINGS, AR 5 $605,000 $121,000
BURLINGTON-SOUTH BURLINGTON, VT 4 $600,000 $150,000
CLARKSVILLE, TN-KY 10 $600,000 $60,000
SAVANNAH, GA 8 $590,000 $73,750
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 12 $590,000 $49,167
ROCHESTER, NY 11 $585,000 $53,182
EL CENTRO, CA 7 $585,000 $83,571
WILMINGTON, NC 9 $575,000 $63,889
LEWISTON, ID-WA 6 $570,000 $95,000
LANCASTER, PA 11 $565,000 $51,364
WACO, TX 12 $560,000 $46,667
HICKORY-LENOIR-MORGANTON, NC 11 $555,000 $50,455
TYLER, TX 11 $555,000 $50,455
SIERRA VISTA-DOUGLAS, AZ 12 $540,000 $45,000
HUNTSVILLE, AL 8 $540,000 $67,500
STAUNTON, VA 7 $525,000 $75,000
MISSOULA, MT 3 $515,000 $171,667
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 12 $500,000 $41,667
FORT SMITH, AR-OK 8 $500,000 $62,500
COLLEGE STATION-BRYAN, TX 5 $495,000 $99,000
SYRACUSE, NY 11 $485,000 $44,091
DOVER, DE 8 $470,000 $58,750
RAPID CITY, SD 5 $465,000 $93,000
EL PASO, TX 10 $460,000 $46,000
TOLEDO, OH 9 $455,000 $50,556
MIDLAND, TX 5 $455,000 $91,000
FLINT, MI 11 $455,000 $41,364
MONROE, MI 9 $445,000 $49,444
FAYETTEVILLE, NC 11 $445,000 $40,455
WENATCHEE, WA 4 $440,000 $110,000
POCATELLO, ID 6 $430,000 $71,667
ABILENE, TX 7 $425,000 $60,714
LANSING-EAST LANSING, MI 8 $400,000 $50,000
JANESVILLE-BELOIT, WI 6 $400,000 $66,667
IDAHO FALLS, ID 6 $400,000 $66,667
WICHITA, KS 13 $395,000 $30,385
ERIE, PA 7 $395,000 $56,429
JACKSON, MS 12 $390,000 $32,500
STATE COLLEGE, PA 5 $385,000 $77,000
CORPUS CHRISTI, TX 9 $385,000 $42,778
DOTHAN, AL 9 $385,000 $42,778
NEW BERN, NC 6 $380,000 $63,333
MONTGOMERY, AL 8 $380,000 $47,500
GREAT FALLS, MT 6 $380,000 $63,333
PEORIA, IL 8 $370,000 $46,250
KALAMAZOO-PORTAGE, MI 5 $365,000 $73,000
GAINESVILLE, GA 5 $365,000 $73,000
WINCHESTER, VA-WV 4 $360,000 $90,000
KINGSPORT-BRISTOL, TN-VA 8 $360,000 $45,000
HARRISONBURG, VA 5 $345,000 $69,000
SEBRING-AVON PARK, FL 6 $340,000 $56,667
IOWA CITY, IA 2 $340,000 $170,000
RACINE, WI 5 $335,000 $67,000
PANAMA CITY, FL 5 $335,000 $67,000
LAFAYETTE-WEST LAFAYETTE, IN 6 $330,000 $55,000
SUMTER, SC 4 $330,000 $82,500
BURLINGTON, NC 4 $330,000 $82,500
MOBILE, AL 8 $320,000 $40,000
BLOOMINGTON, IN 3 $315,000 $105,000
FORT WAYNE, IN 6 $310,000 $51,667
MACON-BIBB COUNTY, GA 6 $310,000 $51,667
HAMMOND, LA 4 $310,000 $77,500
BEAUMONT-PORT ARTHUR, TX 6 $310,000 $51,667
BLACKSBURG-CHRISTIANSBURG, VA 5 $305,000 $61,000
MORRISTOWN, TN 6 $300,000 $50,000
WALLA WALLA, WA 3 $295,000 $98,333
CEDAR RAPIDS, IA 6 $290,000 $48,333
ANN ARBOR, MI 4 $290,000 $72,500
ALTOONA, PA 6 $290,000 $48,333
BATTLE CREEK, MI 7 $285,000 $40,714
TEXARKANA, TX-AR 5 $285,000 $57,000
JOPLIN, MO 8 $280,000 $35,000
COLUMBUS, GA-AL 6 $280,000 $46,667
ANCHORAGE, AK 4 $270,000 $67,500
TUSCALOOSA, AL 6 $270,000 $45,000
WORCESTER, MA-CT 5 $265,000 $53,000
SAN ANGELO, TX 7 $265,000 $37,857
GREEN BAY, WI 3 $265,000 $88,333
LAKE CHARLES, LA 7 $265,000 $37,857
WICHITA FALLS, TX 6 $260,000 $43,333
EVANSVILLE, IN-KY 4 $260,000 $65,000
ELKHART-GOSHEN, IN 6 $260,000 $43,333
CHARLESTON, WV 7 $255,000 $36,429
JACKSON, MI 3 $255,000 $85,000
HOUMA-THIBODAUX, LA 5 $255,000 $51,000
ROCKFORD, IL 5 $255,000 $51,000
ALEXANDRIA, LA 3 $255,000 $85,000
WARNER ROBINS, GA 4 $250,000 $62,500
BLOOMSBURG-BERWICK, PA 5 $245,000 $49,000
JACKSON, TN 4 $240,000 $60,000
DULUTH, MN-WI 6 $240,000 $40,000
MCALLEN-EDINBURG-MISSION, TX 6 $240,000 $40,000
GADSDEN, AL 5 $235,000 $47,000
EAST STROUDSBURG, PA 3 $235,000 $78,333
GETTYSBURG, PA 4 $230,000 $57,500
FARGO, ND-MN 3 $225,000 $75,000
WAUSAU-WESTON, WI 4 $220,000 $55,000
TOPEKA, KS 3 $215,000 $71,667
BISMARCK, ND 3 $215,000 $71,667
CARBONDALE-MARION, IL 4 $210,000 $52,500
YUMA, AZ 4 $210,000 $52,500
HUNTINGTON-ASHLAND, WV-KY-OH 7 $205,000 $29,286
AMES, IA 5 $205,000 $41,000
BECKLEY, WV 4 $200,000 $50,000
NORWICH-NEW LONDON, CT 5 $195,000 $39,000
DUBUQUE, IA 3 $195,000 $65,000
MORGANTOWN, WV 4 $190,000 $47,500
SAGINAW, MI 4 $190,000 $47,500
SIOUX CITY, IA-NE-SD 4 $190,000 $47,500
MUSKEGON, MI 4 $190,000 $47,500
KANKAKEE, IL 4 $190,000 $47,500
LINCOLN, NE 5 $185,000 $37,000
VALDOSTA, GA 5 $185,000 $37,000
OWENSBORO, KY 4 $180,000 $45,000
MICHIGAN CITY-LA PORTE, IN 4 $180,000 $45,000
UTICA-ROME, NY 4 $180,000 $45,000
BOWLING GREEN, KY 3 $175,000 $58,333
DECATUR, AL 3 $175,000 $58,333
VINELAND-BRIDGETON, NJ 4 $170,000 $42,500
BROWNSVILLE-HARLINGEN, TX 4 $170,000 $42,500
MANKATO, MN 2 $170,000 $85,000
CALIFORNIA-LEXINGTON PARK, MD 2 $160,000 $80,000
SPRINGFIELD, OH 4 $160,000 $40,000
COLUMBIA, MO 3 $155,000 $51,667
WEIRTON-STEUBENVILLE, WV-OH 3 $155,000 $51,667
BRUNSWICK, GA 2 $150,000 $75,000
VICTORIA, TX 3 $145,000 $48,333
GLENS FALLS, NY 2 $140,000 $70,000
BINGHAMTON, NY 4 $140,000 $35,000
CHAMBERSBURG-WAYNESBORO, PA 2 $140,000 $70,000
TERRE HAUTE, IN 3 $135,000 $45,000
KOKOMO, IN 1 $135,000 $135,000
FLORENCE, SC 4 $130,000 $32,500
ROCHESTER, MN 3 $125,000 $41,667
PARKERSBURG-VIENNA, WV 4 $120,000 $30,000
DALTON, GA 4 $120,000 $30,000
SPRINGFIELD, IL 4 $120,000 $30,000
GRAND FORKS, ND-MN 2 $120,000 $60,000
LAREDO, TX 3 $115,000 $38,333
GRAND ISLAND, NE 1 $115,000 $115,000
ITHACA, NY 1 $115,000 $115,000
CAPE GIRARDEAU, MO-IL 3 $115,000 $38,333
ST. CLOUD, MN 2 $110,000 $55,000
JOHNSTOWN, PA 2 $110,000 $55,000
LOGAN, UT-ID 1 $105,000 $105,000
CHAMPAIGN-URBANA, IL 3 $105,000 $35,000
PINE BLUFF, AR 3 $105,000 $35,000
WHEELING, WV-OH 3 $105,000 $35,000
JOHNSON CITY, TN 3 $105,000 $35,000
CLEVELAND, TN 1 $105,000 $105,000
GREENVILLE, NC 2 $100,000 $50,000
ROCKY MOUNT, NC 3 $85,000 $28,333
LEWISTON-AUBURN, ME 1 $85,000 $85,000
BANGOR, ME 3 $85,000 $28,333
CASPER, WY 1 $85,000 $85,000
BLOOMINGTON, IL 1 $85,000 $85,000
ODESSA, TX 2 $80,000 $40,000
WATERTOWN-FORT DRUM, NY 2 $80,000 $40,000
LA CROSSE-ONALASKA, WI-MN 1 $75,000 $75,000
DANVILLE, IL 4 $70,000 $17,500
FARMINGTON, NM 2 $70,000 $35,000
BAY CITY, MI 2 $70,000 $35,000
WATERLOO-CEDAR FALLS, IA 2 $70,000 $35,000
APPLETON, WI 1 $65,000 $65,000
AUBURN-OPELIKA, AL 1 $65,000 $65,000
MANHATTAN, KS 2 $60,000 $30,000
MIDLAND, MI 1 $55,000 $55,000
CUMBERLAND, MD-WV 3 $55,000 $18,333
MANSFIELD, OH 3 $55,000 $18,333
JONESBORO, AR 2 $50,000 $25,000
SHEBOYGAN, WI 2 $50,000 $25,000
ATHENS-CLARKE COUNTY, GA 1 $45,000 $45,000
JACKSONVILLE, NC 2 $40,000 $20,000
WILLIAMSPORT, PA 2 $40,000 $20,000
LEBANON, PA 1 $35,000 $35,000
LAWTON, OK 1 $35,000 $35,000
CORVALLIS, OR 1 $35,000 $35,000
MUNCIE, IN 2 $30,000 $15,000
ANNISTON-OXFORD, AL 1 $25,000 $25,000
HATTIESBURG, MS 1 $25,000 $25,000
LAWRENCE, KS 1 $25,000 $25,000
ENID, OK 1 $25,000 $25,000
OSHKOSH-NEENAH, WI 1 $25,000 $25,000
ST. JOSEPH, MO-KS 1 $5,000 $5,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
2.5-3% 1 $235,000 $235,000
3-4% 2,141 $363,485,000 $169,773
4-5% 4,210 $481,190,000 $114,297
5-6% 4,726 $389,950,000 $82,512
6-7% 552 $280,880,000 $508,841
7-8% 49 $27,715,000 $565,612

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 6,746 $346,550,000 $51,371
$100k-200k 2,922 $414,210,000 $141,756
$200k-400k 1,464 $402,650,000 $275,034
$400k-600k 321 $154,645,000 $481,760
$600k-1000k 172 $127,300,000 $740,116
$Over $1MM 54 $98,100,000 $1,816,667

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 5,086 $520,700,000 $102,379
40-60% 3,783 $824,845,000 $218,040
60-80% 426 $83,040,000 $194,930
80-100% 56 $12,200,000 $217,857
Over 100% 2 $660,000 $330,000
Under 20% 2,326 $102,010,000 $43,856

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 62 $22,090,000 $356,290
$150k-250k 21 $7,655,000 $364,524
$50k-75k 729 $156,135,000 $214,177
$50k-or less 10,716 $1,306,940,000 $121,962
$75k-100k 145 $45,765,000 $315,621
$Over $250k 6 $4,870,000 $811,667

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 9,041 $1,202,915,000 $133,051
Not provided 1,618 $182,460,000 $112,769
Black 735 $98,225,000 $133,639
Asian 187 $44,085,000 $235,749
American Indian 57 $6,785,000 $119,035
Not applicable 18 $4,590,000 $255,000
Native Hawaiian 23 $4,395,000 $191,087

Approval Rates

Total approvals of all applications
81.29%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
65.16%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 11,679 $1,543,455,000 $132,156

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 18 $2,440,000 $135,556
$1k-2k 163 $25,215,000 $154,693
$2k-3k 41 $6,255,000 $152,561
$3k-4k 27 $5,505,000 $203,889
$5k+ 9 $2,535,000 $281,667

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Site-Built 1 $115,000 $115,000
Single Family (1-4 Units):Manufactured 374 $27,670,000 $73,984
Single Family (1-4 Units):Site-Built 11,304 $1,515,670,000 $134,083