1st Signature Lending Mortgage Rates, Fees & Info
Indianapolis, INLEI: 549300TKFZR4QBNE5D40
Tax ID: 01-0737466
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Mortgage Data
Review & 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 an average proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Columbia, Knoxville, Nashville, Greenville, and Charlotte among others. We have data for 175 markets. (Some data included below & more in-depth data is available with an active subscription.)1st Signature Lending 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. 1st Signature Lending is typically a high 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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.97% | 4/5/25 |
| 30 Year Conventional Refi | 6.83% | 4/5/25 |
| 30 Year Cash-out Refi | 6.99% | 4/5/25 |
| 30 Year FHA Purchase | 7.67% | 4/5/25 |
| 30 Year FHA Refi | 7.80% | 4/5/25 |
| 30 Year VA Purchase | 7.26% | 4/5/25 |
| 30 Year USDA Purchase | 7.07% | 4/5/25 |
| 30 Year USDA Refi | 7.12% | 4/5/25 |
| 15 Year Conventional Refi | 6.42% | 4/5/25 |
| 15 Year Cash-out Refi | 6.42% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
1st Signature Lending Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from 1st Signature Lending. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
839Origination Dollar Volume (All Markets)
$226,685,000Relative Rate
1st Signature Lending's average 30 year fixed mortgage rate was
6.58%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.03%.
Relative Fees (Closing Costs)
1st Signature Lending's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,679.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 151 | $40,235,000 | $266,457 | $15,504 | 6.27% |
| COLUMBIA, SC (FHA|USDA|VA) | 34 | $8,100,000 | $238,235 | $13,594 | 6.35% |
| KNOXVILLE, TN (FHA|USDA|VA) | 27 | $8,075,000 | $299,074 | $16,464 | 6.31% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 19 | $5,945,000 | $312,895 | $19,321 | 6.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 26 | $5,880,000 | $226,154 | $13,207 | 6.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 22 | $5,650,000 | $256,818 | $14,074 | 6.30% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 23 | $5,315,000 | $231,087 | $12,009 | 6.23% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 20 | $5,300,000 | $265,000 | $15,328 | 6.15% |
| COLUMBUS, OH (FHA|USDA|VA) | 13 | $5,165,000 | $397,308 | $20,858 | 6.47% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 13 | $4,115,000 | $316,538 | $10,147 | 6.77% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 14 | $3,990,000 | $285,000 | $14,666 | 6.25% |
| Palatka, FL (FHA|USDA|VA) | 15 | $3,725,000 | $248,333 | $16,474 | 6.19% |
| ASHEVILLE, NC (FHA|USDA|VA) | 14 | $3,690,000 | $263,571 | $14,287 | 6.37% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 14 | $3,540,000 | $252,857 | $15,976 | 6.38% |
| OCALA, FL (FHA|USDA|VA) | 12 | $3,420,000 | $285,000 | $13,707 | 6.23% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $3,220,000 | $322,000 | $18,880 | 6.35% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 14 | $3,220,000 | $230,000 | $13,080 | 6.49% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 11 | $2,965,000 | $269,545 | $14,550 | 6.19% |
| Lumberton, NC (FHA|USDA|VA) | 14 | $2,960,000 | $211,429 | $11,424 | 6.77% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $2,960,000 | $296,000 | $15,355 | 6.58% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 11 | $2,695,000 | $245,000 | $14,540 | 6.09% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 10 | $2,480,000 | $248,000 | $15,509 | 6.34% |
| Shelby, NC (FHA|USDA|VA) | 9 | $2,145,000 | $238,333 | $16,642 | 6.18% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $2,085,000 | $417,000 | $25,815 | 6.38% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 6 | $2,070,000 | $345,000 | $20,996 | 6.60% |
| Orangeburg, SC (FHA|USDA|VA) | 10 | $1,960,000 | $196,000 | $11,959 | 6.41% |
| MORRISTOWN, TN (FHA|USDA|VA) | 5 | $1,945,000 | $389,000 | $21,975 | 6.48% |
| Sevierville, TN (FHA|USDA|VA) | 5 | $1,945,000 | $389,000 | $18,405 | 6.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $1,900,000 | $316,667 | $15,743 | 6.23% |
| Crossville, TN (FHA|USDA|VA) | 6 | $1,870,000 | $311,667 | $14,193 | 6.19% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 5 | $1,735,000 | $347,000 | $17,728 | 6.60% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $22,826 | 6.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 7 | $1,545,000 | $220,714 | $14,404 | 6.50% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $16,948 | 5.93% |
| THE VILLAGES, FL (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $19,234 | 6.22% |
| Athens, TN (FHA|USDA|VA) | 5 | $1,335,000 | $267,000 | $14,295 | 6.28% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $11,698 | 6.42% |
| FLORENCE, SC (FHA|USDA|VA) | 6 | $1,290,000 | $215,000 | $13,662 | 6.67% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $15,113 | 5.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $11,521 | 6.48% |
| LOUISVILLE, KY (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $11,378 | 6.15% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $10,625 | 6.56% |
| Greeneville, TN (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $20,889 | 6.46% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $13,574 | 6.18% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $16,160 | 5.93% |
| MOBILE, AL (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $14,008 | 5.55% |
| PANAMA CITY, FL (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $12,515 | 6.93% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $15,102 | 6.08% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $16,384 | 5.81% |
| Shelbyville, TN (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $19,670 | 6.21% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $13,405 | 6.23% |
| GAINESVILLE, FL (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $15,215 | 6.19% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $12,200 | 6.19% |
| Forest City, NC (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $18,125 | 5.66% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $15,890 | 7.04% |
| Statesboro, GA (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $11,961 | 6.21% |
| Cookeville, TN (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $14,019 | 6.21% |
| Dayton, TN (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $19,913 | 6.83% |
| Seneca, SC (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $16,504 | 6.13% |
| Marion, NC (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $17,324 | 6.50% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $18,689 | 6.50% |
| Vidalia, GA (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $15,633 | 6.58% |
| Fort Payne, AL (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $16,059 | 6.71% |
| Georgetown, SC (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $15,403 | 6.04% |
| Athens, TX (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $14,950 | 6.33% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $43,424 | 6.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $13,329 | 6.19% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $15,294 | 6.06% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $17,589 | 6.69% |
| WACO, TX (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $15,848 | 6.58% |
| Jesup, GA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $18,810 | 6.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $20,157 | 5.88% |
| Cullowhee, NC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $13,705 | 6.50% |
| Madisonville, KY (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $17,013 | 5.58% |
| Sanford, NC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $13,597 | 6.50% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $13,484 | 6.88% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $22,778 | 6.25% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $27,466 | 6.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $28,384 | 6.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $27,475 | 6.50% |
| Lawrenceburg, TN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $19,329 | 6.00% |
| Findlay, OH (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $43,227 | 6.50% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 5.75% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $15,438 | 5.50% |
| Brevard, NC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $12,651 | 6.69% |
| DALTON, GA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $18,698 | 6.00% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $35,818 | 6.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $12,266 | 5.88% |
| Corsicana, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $15,089 | 6.50% |
| North Vernon, IN (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $9,756 | 6.69% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $24,878 | 6.50% |
| Rockingham, NC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $13,974 | 6.63% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $16,081 | 6.63% |
| Newport, TN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $12,259 | 6.13% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $15,518 | 7.19% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $13,868 | 6.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $16,760 | 6.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $13,575 | 6.44% |
| Ashland, OH (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $21,438 | 6.50% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $14,263 | 6.69% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $12,488 | 6.50% |
| Newberry, SC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $12,639 | 6.50% |
| MUNCIE, IN (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $7,084 | 6.88% |
| Gaffney, SC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $12,797 | 5.94% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $11,991 | 6.31% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $18,792 | 5.88% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $20,489 | 6.50% |
| AKRON, OH (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $18,355 | 6.50% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $11,365 | 5.88% |
| Marion, IN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $11,736 | 6.50% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $10,497 | 6.19% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $25,469 | 6.50% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $18,532 | 6.50% |
| Waycross, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $25,575 | 6.25% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,438 | 5.25% |
| Granbury, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $13,547 | 6.25% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $22,419 | 5.50% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $19,460 | 6.50% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $21,125 | 5.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $16,489 | 5.88% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $9,198 | 6.38% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $18,209 | 7.75% |
| Jasper, IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $20,142 | 5.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $16,397 | 6.50% |
| Logansport, IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $15,070 | 5.88% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $18,191 | 6.50% |
| Bedford, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,821 | 6.75% |
| Fremont, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $16,735 | 6.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,364 | 5.50% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $19,990 | 6.50% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $15,276 | 5.38% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,699 | 7.25% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $15,826 | 5.25% |
| Lake City, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $15,726 | 6.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $15,952 | 6.50% |
| Americus, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $19,047 | 6.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $14,271 | 5.25% |
| Washington, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $18,091 | 6.50% |
| Paris, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $13,331 | 6.50% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $20,697 | 6.50% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,886 | 6.50% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,243 | 6.63% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $15,868 | 6.50% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,671 | 6.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,638 | 5.25% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $17,006 | 6.50% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,683 | 6.50% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,879 | 5.25% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $13,547 | 5.88% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,220 | 5.25% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,554 | 6.50% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,799 | 6.50% |
| Cullman, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,723 | 6.88% |
| Hereford, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,314 | 5.25% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,500 | 6.50% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $15,501 | 6.50% |
| Bennettsville, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $14,745 | 6.50% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $16,332 | 6.50% |
| Summerville, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,792 | 6.50% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,576 | 6.50% |
| Marietta, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,446 | 5.25% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,545 | 6.50% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,017 | 6.50% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,015 | 5.25% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,077 | 6.00% |
| Wilson, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,284 | 7.13% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $13,716 | 6.00% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,660 | 6.25% |
| Borger, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $11,737 | 6.50% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,296 | 5.88% |
| Dublin, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $10,073 | 6.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,691 | 6.00% |
| New Castle, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,718 | 6.63% |
| Connersville, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,382 | 6.13% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,694 | 5.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against 1ST SIGNATURE LENDING 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 2024, 1st Signature Lending's most frequently originated type of loan was FHA, with 581 originations. Their 2nd most popular type was VA, with 173 originations.
Loan Reason
For 2024, 1st Signature Lending's most frequently cited loan purpose was Home Purchase, with 499 originations. The 2nd most popular reason was Refi, with 330 originations.
Loan Duration/Length
For 2024, 1st Signature Lending's most frequently cited loan duration was 30+ year, with 638 originations. The 2nd most popular length was 30 Year, with 195 originations.
Origination Fees/Closing Costs
1st Signature Lending's average total fees were $11,679, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 663 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 541 | $145,265,000 | $268,512 |
| 5-6% | 230 | $62,290,000 | $270,826 |
| 7-8% | 64 | $18,410,000 | $287,656 |
| Over 8% | 3 | $525,000 | $175,000 |
| 4-5% | 1 | $195,000 | $195,000 |
During 2024, 1st Signature Lending's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 6-7%, with 541 originations.
Loan Sizing
2024 saw 1st Signature Lending place emphasis on $200k-400k loans with 580 originations, totaling $154,660,000 in origination value.
Applicant Income
1st Signature Lending lent most frequently to those with incomes in the $50k-75k range, with 304 originations. The second most popular income band? $75k-100k, with 231 originations.
Applicant Debt to Income Ratio
1st Signature Lending lent most frequently to those with DTI ratios of 50-60%, with 274 originations. The next most common DTI ratio? 30-36%, with 72 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.70%
1st Signature Lending has an average approval rate.
Pick Rate
Approvals leading to origination56.14%
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 | 839 | $226,685,000 | $270,185 |