1st Signature Lending Mortgage Rates, Fees & Info
Indianapolis, INLEI: 549300TKFZR4QBNE5D40
Tax ID: 01-0737466
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
1st Signature Lending is a smaller mortgage company specializing in Home Purchase and Refi loans. They have a a high proportion of FHA loans. 1st Signature Lending has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Indianapolis, Cincinnati, Colorado Springs, Charlotte, and Atlanta among others. 1st Signature Lending has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. 1st Signature Lending is typically a high fee lendor.Originations
1,118Origination Dollar Volume (All Markets)
$236,180,000Awards
1ST SIGNATURE LENDING - 2021
1ST SIGNATURE LENDING is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
1st Signature Lending 's average 30 year fixed rate mortgage of loans were
3.11%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.04%.
Relative Fees
1st Signature Lending 's average total fees for a 30 year fixed rate
mortgage are $6,389.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 148 | $29,260,000 | $197,703 | $7,873 | 3.67% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 81 | $18,345,000 | $226,481 | $5,135 | 2.95% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 37 | $8,555,000 | $231,216 | $9,150 | 3.69% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 20 | $8,500,000 | $425,000 | $11,964 | 4.36% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 34 | $7,180,000 | $211,176 | $6,833 | 3.44% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 29 | $6,565,000 | $226,379 | $6,717 | 3.08% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 29 | $5,835,000 | $201,207 | $11,908 | 3.68% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 28 | $5,140,000 | $183,571 | $7,564 | 3.62% |
| ASHEVILLE, NC (FHA|USDA|VA) | 23 | $4,825,000 | $209,783 | $8,736 | 3.70% |
| COLUMBIA, SC (FHA|USDA|VA) | 22 | $4,720,000 | $214,545 | $6,356 | 3.31% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 20 | $4,630,000 | $231,500 | $9,697 | 3.87% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 21 | $4,355,000 | $207,381 | $8,292 | 3.30% |
| COLUMBUS, OH (FHA|USDA|VA) | 16 | $3,940,000 | $246,250 | $8,267 | 3.45% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 13 | $3,465,000 | $266,538 | $8,931 | 4.07% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 18 | $3,280,000 | $182,222 | $7,832 | 3.51% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 14 | $3,230,000 | $230,714 | $10,598 | 4.17% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 17 | $3,015,000 | $177,353 | $6,982 | 3.04% |
| OCALA, FL (FHA|USDA|VA) | 14 | $2,990,000 | $213,571 | $8,149 | 4.04% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 14 | $2,940,000 | $210,000 | $3,966 | 3.12% |
| KNOXVILLE, TN (FHA|USDA|VA) | 15 | $2,925,000 | $195,000 | $21,752 | 3.40% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 13 | $2,695,000 | $207,308 | $7,153 | 3.77% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 14 | $2,550,000 | $182,143 | $9,824 | 3.97% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 9 | $2,355,000 | $261,667 | $10,893 | 3.72% |
| MORRISTOWN, TN (FHA|USDA|VA) | 12 | $2,330,000 | $194,167 | $8,739 | 3.40% |
| SPARTANBURG, SC (FHA|USDA|VA) | 12 | $2,220,000 | $185,000 | $9,379 | 3.96% |
| Sevierville, TN (FHA|USDA|VA) | 11 | $2,155,000 | $195,909 | $7,922 | 3.92% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 9 | $2,055,000 | $228,333 | $7,401 | 4.17% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 8 | $2,050,000 | $256,250 | $10,522 | 3.81% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 10 | $2,020,000 | $202,000 | $7,789 | 3.06% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $2,010,000 | $251,250 | $8,547 | 3.13% |
| SAVANNAH, GA (FHA|USDA|VA) | 7 | $1,865,000 | $266,429 | $7,093 | 3.45% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 8 | $1,830,000 | $228,750 | $7,968 | 3.61% |
| Athens, TN (FHA|USDA|VA) | 10 | $1,800,000 | $180,000 | $7,992 | 3.55% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 9 | $1,655,000 | $183,889 | $10,253 | 3.79% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 8 | $1,640,000 | $205,000 | $7,080 | 3.94% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 9 | $1,615,000 | $179,444 | $6,764 | 3.19% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 8 | $1,590,000 | $198,750 | $10,636 | 4.14% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 7 | $1,555,000 | $222,143 | $7,415 | 3.14% |
| Cañon City, CO (FHA|USDA|VA) | 3 | $1,545,000 | $515,000 | $10,403 | 4.46% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,540,000 | $385,000 | $9,743 | 3.06% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $9,862 | 2.58% |
| GAINESVILLE, FL (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $10,238 | 3.75% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $10,397 | 4.10% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $8,975 | 3.85% |
| Greeneville, TN (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $8,423 | 3.80% |
| VALDOSTA, GA (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $6,774 | 4.28% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $9,183 | 3.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 8 | $1,200,000 | $150,000 | $8,597 | 3.50% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $11,970 | 3.66% |
| MUNCIE, IN (FHA|USDA|VA) | 6 | $1,100,000 | $183,333 | $6,018 | 3.42% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $8,151 | 3.73% |
| PANAMA CITY, FL (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $7,256 | 3.90% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $7,130 | 3.69% |
| New Castle, IN (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $12,293 | 4.88% |
| Shelby, NC (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $9,820 | 3.75% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $13,843 | 4.38% |
| Henderson, NC (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $9,994 | 3.43% |
| Wilmington, OH (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $12,160 | 4.29% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $8,119 | 4.20% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $7,755 | 3.05% |
| WILMINGTON, NC (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $10,850 | 3.78% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $10,011 | 3.48% |
| Lumberton, NC (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $7,895 | 4.10% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $5,310 | 2.93% |
| FLORENCE, SC (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $14,575 | 4.83% |
| Sanford, NC (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $8,289 | 3.38% |
| NEW BERN, NC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,840 | 3.25% |
| Palatka, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $10,313 | 4.46% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $10,128 | 3.08% |
| Scottsburg, IN (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $8,784 | 4.47% |
| Thomasville, GA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $6,538 | 3.88% |
| Gaffney, SC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $8,891 | 4.25% |
| TOLEDO, OH (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $5,647 | 3.29% |
| Lake City, FL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $12,006 | 3.75% |
| Orangeburg, SC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $9,975 | 3.21% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $5,228 | 2.88% |
| Wilson, NC (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $8,581 | 2.67% |
| Lawrenceburg, TN (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $9,913 | 4.88% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $10,011 | 4.42% |
| OWENSBORO, KY (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $8,183 | 3.38% |
| Cookeville, TN (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,756 | 2.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $9,843 | 4.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $7,088 | 2.92% |
| Marion, OH (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $14,201 | 3.88% |
| Greensburg, IN (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $5,752 | 3.21% |
| Logansport, IN (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $10,107 | 4.06% |
| Campbellsville, KY (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $25,717 | 4.88% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $6,052 | 3.17% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $11,735 | 4.25% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $10,883 | 4.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $11,759 | 3.00% |
| Okeechobee, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $12,425 | 4.06% |
| Peru, IN (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $16,476 | 4.88% |
| CLEVELAND, TN (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $6,465 | 3.75% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,228 | 2.31% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $4,689 | 3.08% |
| Seymour, IN (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $5,980 | 3.54% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,569 | 2.56% |
| Durango, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,606 | 3.50% |
| COLUMBUS, IN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $8,136 | 4.06% |
| Bellefontaine, OH (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $8,638 | 4.06% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $16,473 | 4.88% |
| Sidney, OH (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $16,911 | 4.88% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $16,612 | 4.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $8,202 | 2.63% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,748 | 4.88% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,112 | 3.00% |
| Ashtabula, OH (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $9,441 | 3.81% |
| Crossville, TN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,023 | 2.94% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $5,051 | 3.33% |
| Salem, OH (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $7,764 | 3.81% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $8,913 | 3.63% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $15,084 | 4.88% |
| Paducah, KY-IL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $8,139 | 2.94% |
| Union, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $7,385 | 4.88% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,898 | 4.88% |
| Bedford, IN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,311 | 3.19% |
| Waycross, GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $15,202 | 3.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,746 | 2.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $7,740 | 4.13% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $13,315 | 3.50% |
| Marion, NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $7,930 | 4.06% |
| Paris, TN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $6,617 | 3.50% |
| Central City, KY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,913 | 2.13% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,815 | 4.88% |
| Douglas, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,002 | 2.75% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,622 | 4.88% |
| Findlay, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,109 | 3.13% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,123 | 4.88% |
| Union City, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,738 | 4.88% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $12,549 | 4.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $5,141 | 3.33% |
| Danville, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,635 | 4.88% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,691 | 3.25% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $6,944 | 2.63% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,162 | 2.88% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,017 | 3.13% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,358 | 2.75% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,942 | 3.13% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,447 | 4.88% |
| Washington, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,894 | 3.63% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,413 | 3.25% |
| Marion, IN (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $5,294 | 3.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $9,769 | 3.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,174 | 3.25% |
| Maysville, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,443 | 4.88% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,602 | 3.25% |
| Huntington, IN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $5,131 | 2.63% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,534 | 3.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,821 | 2.63% |
| DALTON, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,733 | 3.63% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,642 | 4.88% |
| Brevard, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,717 | 3.63% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,307 | 3.63% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,781 | 3.63% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,409 | 4.88% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,806 | 3.13% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,502 | 4.75% |
| AKRON, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,521 | 3.13% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,919 | 2.75% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $5,490 | 3.56% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,656 | 3.00% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,330 | 3.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,450 | 3.25% |
| Connersville, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,379 | 3.25% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,559 | 3.13% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,932 | 3.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.50% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $9,618 | 3.25% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,717 | 2.75% |
| Jesup, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,093 | 3.50% |
| Celina, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,127 | 2.38% |
| Newport, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,819 | 3.13% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,299 | 2.50% |
| Jasper, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,342 | 2.50% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,108 | 3.63% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,031 | 2.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,999 | 3.50% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,148 | 3.75% |
| Dayton, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,688 | 3.25% |
| Brownsville, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,462 | 3.38% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $9,401 | 2.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,965 | 2.88% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,326 | 3.38% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,530 | 3.25% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,400 | 2.50% |
| Wabash, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,604 | 3.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,319 | 3.63% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,233 | 2.75% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $6,010 | 3.63% |
1st Signature Lending 's top markets include Indianapolis, Cincinnati, Colorado Springs, Charlotte, and Atlanta among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| FHA | 474 | $96,060,000 | $202,658 | $10,500 | 3.83% |
| Conventional | 401 | $78,405,000 | $195,524 | $4,987 | 3.12% |
| VA | 197 | $52,815,000 | $268,096 | $9,749 | 3.89% |
| USDA | 46 | $8,900,000 | $193,478 | $7,467 | 3.44% |
For the 2021 period, 1st Signature Lending 's most frequently originated loan type of loans were FHA, with 474 originations. Their 2nd most popular type is Conventional, with 401 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 435 | $102,565,000 | $235,782 | $9,261 | 3.66% |
| Refi | 431 | $93,565,000 | $217,088 | $8,650 | 3.76% |
| Cash Out Refi | 252 | $40,050,000 | $158,929 | $5,880 | 3.08% |
For the 2021, 1st Signature Lending 's most frequently cited loan purpose of loans were Home Purchase, with 435 originations. The 2nd most popular reason of loans were Refi, with 431 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 515 | $101,575,000 | $197,233 | $6,389 | 3.11% |
| 30+ year | 441 | $110,585,000 | $250,760 | $11,599 | 4.37% |
| 15 Year | 99 | $14,815,000 | $149,646 | $5,185 | 2.67% |
| 20 Year | 42 | $5,550,000 | $132,143 | $5,676 | 3.21% |
| 10 Year | 12 | $1,470,000 | $122,500 | $4,693 | 2.86% |
| Other | 9 | $2,185,000 | $242,778 | $4,236 | 2.61% |
For the 2021, 1st Signature Lending 's most frequently cited loan length of loans were 30 Year, with 515 originations. The 2nd most popular length of loans were 30+ year, with 441 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $3k-4k | 488 | $96,500,000 | $197,746 |
| $2k-3k | 231 | $35,105,000 | $151,970 |
| $1k-2k | 222 | $49,390,000 | $222,477 |
| $5k+ | 161 | $52,555,000 | $326,429 |
| $<1k | 16 | $2,630,000 | $164,375 |
$6,389 of loans were 1st Signature Lending 's average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 488 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 467 | $83,565,000 | $178,940 |
| 4-5% | 310 | $83,720,000 | $270,065 |
| 2.5-3% | 241 | $46,495,000 | $192,925 |
| <2.5% | 100 | $22,400,000 | $224,000 |
During 2021, 1st Signature Lending 's average interest rate of loans were 3.11%, while their most frequently originated rate bucket of loans were 3-4%, with 467 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 477 | $71,695,000 | $150,304 | $7,179 | 3.42% |
| $200k-400k | 467 | $126,385,000 | $270,632 | $9,714 | 3.78% |
| $100,000 or less | 114 | $9,160,000 | $80,351 | $4,857 | 3.15% |
| $400k-600k | 60 | $28,940,000 | $482,333 | $12,035 | 3.84% |
2021 saw 1st Signature Lending place emphasis on $100k-200k loans with 477 originations, totaling $71,695,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 350 | $69,630,000 | $198,943 | $8,459 | 3.63% |
| $50k or less | 350 | $50,310,000 | $143,743 | $6,816 | 3.41% |
| $75k-100k | 204 | $51,850,000 | $254,167 | $10,533 | 3.76% |
| $100k-150k | 161 | $47,405,000 | $294,441 | $8,523 | 3.69% |
| $150k-250k | 44 | $13,680,000 | $310,909 | $7,191 | 3.12% |
| $250k+ | 9 | $3,305,000 | $367,222 | $5,703 | 3.04% |
1st Signature Lending lent most frequently to those with incomes in the $50k-75k range, with 350 originations. The second most popular income band? $50k or less, with 350 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 50-60% | 193 | $45,055,000 | $233,446 | $10,183 | 3.93% |
| 30-36% | 173 | $33,325,000 | $192,630 | $8,354 | 3.33% |
| 20-30% | 146 | $26,320,000 | $180,274 | $6,812 | 3.13% |
| 44% | 54 | $11,920,000 | $220,741 | $7,668 | 3.68% |
| 43% | 49 | $10,655,000 | $217,449 | $7,871 | 3.59% |
| 41% | 46 | $10,880,000 | $236,522 | $8,194 | 3.66% |
| 40% | 45 | $9,345,000 | $207,667 | $7,369 | 3.69% |
| 45% | 45 | $9,835,000 | $218,556 | $7,957 | 3.87% |
| 48% | 42 | $8,300,000 | $197,619 | $8,747 | 3.81% |
| 42% | 41 | $9,075,000 | $221,341 | $8,532 | 3.72% |
| 49% | 40 | $8,650,000 | $216,250 | $8,612 | 3.63% |
| <20% | 39 | $6,945,000 | $178,077 | $5,243 | 2.98% |
| 39% | 39 | $7,785,000 | $199,615 | $6,754 | 3.58% |
| 47% | 38 | $8,880,000 | $233,684 | $8,914 | 3.59% |
| 46% | 37 | $9,335,000 | $252,297 | $8,938 | 3.78% |
| 37% | 36 | $7,160,000 | $198,889 | $7,342 | 3.47% |
| 38% | 28 | $5,790,000 | $206,786 | $8,344 | 3.41% |
| 36% | 20 | $4,250,000 | $212,500 | $7,977 | 3.48% |
| >60% | 7 | $2,675,000 | $382,143 | $16,659 | 4.84% |
1st Signature Lending lent most frequently to those with DTI ratios of 50-60%, with 193 originations. The next most common DTI ratio? 30-36%, with 173 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 886 | $184,200,000 | $207,901 | $8,262 | 3.55% |
| Black | 137 | $31,705,000 | $231,423 | $9,330 | 3.82% |
| Not provided | 65 | $11,965,000 | $184,077 | $7,006 | 3.53% |
| Asian | 23 | $6,565,000 | $285,435 | $5,233 | 2.73% |
| American Indian | 5 | $965,000 | $193,000 | $8,968 | 3.78% |
| Other Asian | 1 | $435,000 | $435,000 | $11,759 | 3.00% |
| Filipino | 1 | $345,000 | $345,000 | $4,907 | 2.88% |
Approval Rates
Total approvals of all applications87.51%
1st Signature Lending has an average approval rate.
Pick Rate
Approvals leading to origination15.69%
1st Signature Lending has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,118 | $236,180,000 | $211,252 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,118 | $236,180,000 | $211,252 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 33 | $3,345,000 | $101,364 | $4,414 | 2.91% |
| 40-60% | 102 | $15,140,000 | $148,431 | $5,056 | 2.91% |
| 60-80% | 271 | $52,175,000 | $192,528 | $5,958 | 3.26% |
| 80-100% | 667 | $151,335,000 | $226,889 | $9,345 | 3.80% |
| Over 100% | 43 | $14,045,000 | $326,628 | $16,626 | 4.05% |
| Under 20% | 2 | $140,000 | $70,000 | $5,681 | 3.00% |
