1st Signature Lending Mortgage Rates, Fees & Info

Indianapolis, IN

LEI: 549300TKFZR4QBNE5D40

Tax ID: 01-0737466

1.3 stars - out of 5 stars, based on 28 reviews

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

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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: Indianapolis, Pensacola, Jacksonville, Asheville, and Durham among others. We have data for 170 markets. (Some data included below & more in-depth data is available with an active subscription.)

1st Signature Lending has an 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 6.78% 6/7/23
30 Year Conventional Refi 6.37% 6/7/23
30 Year Cash-out Refi 6.81% 6/7/23
30 Year FHA Purchase 7.71% 6/7/23
30 Year FHA Refi 7.41% 6/7/23
30 Year VA Purchase 6.70% 6/7/23
30 Year VA Refi 7.18% 6/7/23
30 Year USDA Purchase 7.08% 6/7/23
30 Year USDA Refi 6.08% 6/7/23
15 Year Conventional Purchase 5.94% 6/7/23
15 Year Conventional Refi 6.75% 6/7/23
15 Year Cash-out Refi 6.75% 6/7/23
15 Year FHA Refi 5.68% 6/7/23
15 Year VA Purchase 6.95% 6/7/23
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

810

Origination Dollar Volume (All Markets)

$203,790,000

Awards

1ST SIGNATURE LENDING 30 Year Conventional Loans gold 1ST SIGNATURE LENDING 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

1st Signature Lending's average 30 year fixed mortgage rate was 5%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.24%.

Relative Fees (Closing Costs)

1st Signature Lending's average total fees/closing costs for a 30 year fixed rate mortgage were $9,452.

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 $4,750.

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 131 $32,735,000 $249,885 $14,936 5.16%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 40 $8,200,000 $205,000 $7,516 5.11%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 28 $6,410,000 $228,929 $15,447 5.05%
JACKSONVILLE, FL (FHA|USDA|VA) 17 $5,165,000 $303,824 $18,866 5.49%
ASHEVILLE, NC (FHA|USDA|VA) 19 $4,785,000 $251,842 $14,912 5.41%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 19 $4,495,000 $236,579 $13,523 5.10%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 13 $4,485,000 $345,000 $17,441 4.89%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 15 $4,075,000 $271,667 $16,797 4.99%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 13 $4,055,000 $311,923 $16,347 4.83%
COLUMBUS, OH (FHA|USDA|VA) 14 $3,890,000 $277,857 $14,682 4.96%
GAINESVILLE, FL (FHA|USDA|VA) 12 $3,590,000 $299,167 $15,256 4.53%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 13 $3,445,000 $265,000 $16,660 5.11%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 12 $3,180,000 $265,000 $16,794 5.40%
COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $2,935,000 $419,286 $13,068 4.73%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 12 $2,920,000 $243,333 $15,860 5.49%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 12 $2,870,000 $239,167 $15,078 5.39%
KNOXVILLE, TN (FHA|USDA|VA) 12 $2,760,000 $230,000 $14,492 5.38%
LOUISVILLE, KY (FHA|USDA|VA) 12 $2,720,000 $226,667 $13,316 5.08%
Palatka, FL (FHA|USDA|VA) 9 $2,695,000 $299,444 $17,309 5.49%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 12 $2,460,000 $205,000 $12,999 5.00%
TALLAHASSEE, FL (FHA|USDA|VA) 11 $2,435,000 $221,364 $15,118 4.95%
FAYETTEVILLE, NC (FHA|USDA|VA) 11 $2,415,000 $219,545 $13,846 5.24%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 12 $2,340,000 $195,000 $12,607 5.09%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $2,205,000 $441,000 $25,044 5.40%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 9 $2,115,000 $235,000 $11,753 5.08%
MUNCIE, IN (FHA|USDA|VA) 10 $2,090,000 $209,000 $11,250 5.41%
VALDOSTA, GA (FHA|USDA|VA) 7 $1,915,000 $273,571 $16,899 4.61%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 7 $1,875,000 $267,857 $12,809 5.86%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $1,855,000 $265,000 $13,482 5.75%
MORRISTOWN, TN (FHA|USDA|VA) 7 $1,795,000 $256,429 $17,324 4.64%
EVANSVILLE, IN-KY (FHA|USDA|VA) 7 $1,775,000 $253,571 $14,141 5.46%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 7 $1,665,000 $237,857 $13,478 5.09%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $1,580,000 $395,000 $24,215 5.25%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 4 $1,540,000 $385,000 $14,355 5.13%
Athens, TX (FHA|USDA|VA) 6 $1,450,000 $241,667 $18,110 6.04%
Athens, TN (FHA|USDA|VA) 6 $1,440,000 $240,000 $14,808 4.77%
COLUMBIA, SC (FHA|USDA|VA) 6 $1,400,000 $233,333 $10,998 5.60%
JOHNSON CITY, TN (FHA|USDA|VA) 4 $1,380,000 $345,000 $13,346 5.00%
McMinnville, TN (FHA|USDA|VA) 3 $1,365,000 $455,000 $27,132 5.08%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 5 $1,355,000 $271,000 $16,194 5.43%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,315,000 $263,000 $14,200 5.18%
Cullowhee, NC (FHA|USDA|VA) 6 $1,310,000 $218,333 $15,287 5.29%
PANAMA CITY, FL (FHA|USDA|VA) 4 $1,300,000 $325,000 $16,796 5.19%
OCALA, FL (FHA|USDA|VA) 4 $1,240,000 $310,000 $16,737 5.28%
CANTON-MASSILLON, OH (FHA|USDA|VA) 4 $1,200,000 $300,000 $15,978 4.78%
SAVANNAH, GA (FHA|USDA|VA) 4 $1,180,000 $295,000 $14,142 4.84%
BLOOMINGTON, IN (FHA|USDA|VA) 5 $1,155,000 $231,000 $10,268 5.60%
RALEIGH-CARY, NC (FHA|USDA|VA) 5 $1,115,000 $223,000 $12,108 5.20%
Shelby, NC (FHA|USDA|VA) 6 $1,080,000 $180,000 $13,349 5.33%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $1,025,000 $341,667 $21,523 4.83%
Statesboro, GA (FHA|USDA|VA) 2 $1,010,000 $505,000 $17,377 3.81%
Newport, TN (FHA|USDA|VA) 4 $1,000,000 $250,000 $17,962 5.47%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $995,000 $331,667 $13,523 4.96%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $940,000 $235,000 $16,242 5.09%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $920,000 $460,000 $24,347 4.56%
TUSCALOOSA, AL (FHA|USDA|VA) 3 $905,000 $301,667 $17,729 5.04%
Lumberton, NC (FHA|USDA|VA) 5 $905,000 $181,000 $11,289 6.10%
RICHMOND, VA (FHA|USDA|VA) 3 $895,000 $298,333 $16,902 5.58%
CLEVELAND, TN (FHA|USDA|VA) 4 $890,000 $222,500 $16,897 4.91%
Danville, VA (FHA|USDA|VA) 4 $880,000 $220,000 $15,845 5.22%
Sevierville, TN (FHA|USDA|VA) 3 $875,000 $291,667 $12,017 4.83%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 3 $865,000 $288,333 $12,792 4.50%
Henderson, NC (FHA|USDA|VA) 4 $860,000 $215,000 $13,266 5.66%
Orangeburg, SC (FHA|USDA|VA) 4 $850,000 $212,500 $15,511 5.13%
COLUMBUS, GA-AL (FHA|USDA|VA) 3 $845,000 $281,667 $9,335 5.88%
Thomasville, GA (FHA|USDA|VA) 3 $815,000 $271,667 $18,805 5.79%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $775,000 $258,333 $16,673 6.21%
Okeechobee, FL (FHA|USDA|VA) 3 $715,000 $238,333 $17,302 4.33%
Lewisburg, TN (FHA|USDA|VA) 3 $695,000 $231,667 $8,505 4.96%
Brevard, NC (FHA|USDA|VA) 3 $665,000 $221,667 $17,382 6.04%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 3 $665,000 $221,667 $10,609 5.54%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $645,000 $215,000 $13,025 5.46%
TERRE HAUTE, IN (FHA|USDA|VA) 2 $630,000 $315,000 $15,439 4.69%
THE VILLAGES, FL (FHA|USDA|VA) 3 $605,000 $201,667 $13,260 4.79%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $605,000 $201,667 $10,984 3.92%
New Castle, IN (FHA|USDA|VA) 2 $600,000 $300,000 $16,850 4.56%
TOLEDO, OH (FHA|USDA|VA) 2 $590,000 $295,000 $17,072 5.50%
Laurinburg, NC (FHA|USDA|VA) 3 $585,000 $195,000 $14,021 6.38%
Urbana, OH (FHA|USDA|VA) 2 $580,000 $290,000 $15,979 5.31%
FORT WAYNE, IN (FHA|USDA|VA) 2 $550,000 $275,000 $11,552 4.31%
TYLER, TX (FHA|USDA|VA) 3 $545,000 $181,667 $12,743 6.04%
Sunbury, PA (FHA|USDA|VA) 1 $535,000 $535,000 $28,359 5.50%
Calhoun, GA (FHA|USDA|VA) 2 $510,000 $255,000 $15,118 5.13%
BURLINGTON, NC (FHA|USDA|VA) 2 $490,000 $245,000 $16,799 5.50%
Toccoa, GA (FHA|USDA|VA) 1 $475,000 $475,000 $22,459 5.63%
Lake City, FL (FHA|USDA|VA) 2 $470,000 $235,000 $17,479 4.38%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $470,000 $235,000 $14,464 4.69%
Forest City, NC (FHA|USDA|VA) 2 $470,000 $235,000 $17,966 4.88%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $460,000 $230,000 $10,256 4.69%
ROCKY MOUNT, NC (FHA|USDA|VA) 2 $460,000 $230,000 $15,298 4.94%
Scottsburg, IN (FHA|USDA|VA) 2 $440,000 $220,000 $13,027 5.81%
PUEBLO, CO (FHA|USDA|VA) 2 $430,000 $215,000 $9,407 6.56%
AKRON, OH (FHA|USDA|VA) 1 $425,000 $425,000 $30,860 4.75%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $420,000 $210,000 $6,076 4.94%
Seneca, SC (FHA|USDA|VA) 2 $420,000 $210,000 $13,720 4.50%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $420,000 $210,000 $11,217 4.88%
Cañon City, CO (FHA|USDA|VA) 1 $415,000 $415,000 $7,087 4.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $410,000 $205,000 $4,412 3.75%
Ashtabula, OH (FHA|USDA|VA) 1 $405,000 $405,000 $29,058 4.88%
Wilson, NC (FHA|USDA|VA) 2 $390,000 $195,000 $8,804 4.69%
Durango, CO (FHA|USDA|VA) 1 $385,000 $385,000 $21,347 6.50%
Vincennes, IN (FHA|USDA|VA) 2 $380,000 $190,000 $11,471 5.25%
SPARTANBURG, SC (FHA|USDA|VA) 2 $360,000 $180,000 $11,772 6.63%
Marietta, OH (FHA|USDA|VA) 1 $355,000 $355,000 $16,500 5.25%
Jasper, IN (FHA|USDA|VA) 2 $350,000 $175,000 $11,915 5.94%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $335,000 $335,000 $21,961 6.25%
LYNCHBURG, VA (FHA|USDA|VA) 1 $325,000 $325,000 $13,396 4.88%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $325,000 $325,000 $25,262 5.13%
Bellefontaine, OH (FHA|USDA|VA) 1 $325,000 $325,000 $23,188 5.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $320,000 $160,000 $9,314 4.44%
Ashland, OH (FHA|USDA|VA) 1 $315,000 $315,000 $21,954 6.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $315,000 $315,000 $9,832 4.50%
KOKOMO, IN (FHA|USDA|VA) 3 $315,000 $105,000 $4,146 3.79%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $305,000 $305,000 $18,538 5.25%
Bainbridge, GA (FHA|USDA|VA) 1 $305,000 $305,000 $19,049 7.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $17,902 6.75%
Marion, OH (FHA|USDA|VA) 1 $295,000 $295,000 $20,976 6.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $290,000 $145,000 $9,908 4.75%
PITTSBURGH, PA (FHA|USDA|VA) 1 $285,000 $285,000 $15,987 4.88%
Athens, OH (FHA|USDA|VA) 1 $285,000 $285,000 $21,244 4.25%
Georgetown, SC (FHA|USDA|VA) 1 $285,000 $285,000 $19,205 4.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $275,000 $275,000 $19,393 5.13%
Frankfort, KY (FHA|USDA|VA) 1 $275,000 $275,000 $18,942 4.50%
Wooster, OH (FHA|USDA|VA) 1 $275,000 $275,000 $15,080 5.13%
Greeneville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $19,452 5.63%
Fort Payne, AL (FHA|USDA|VA) 1 $255,000 $255,000 $13,578 5.75%
Mount Vernon, OH (FHA|USDA|VA) 1 $255,000 $255,000 $13,847 5.13%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $245,000 $245,000 $15,105 5.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $245,000 $245,000 $9,503 3.38%
Union, SC (FHA|USDA|VA) 1 $235,000 $235,000 $10,777 4.75%
Greensburg, IN (FHA|USDA|VA) 1 $235,000 $235,000 $10,180 4.88%
London, KY (FHA|USDA|VA) 1 $235,000 $235,000 $7,268 5.13%
Connersville, IN (FHA|USDA|VA) 1 $235,000 $235,000 $17,460 3.63%
Americus, GA (FHA|USDA|VA) 1 $235,000 $235,000 $11,421 5.63%
Glasgow, KY (FHA|USDA|VA) 1 $225,000 $225,000 $5,750 3.38%
Point Pleasant, WV-OH (FHA|USDA|VA) 1 $225,000 $225,000 $17,157 6.50%
Cornelia, GA (FHA|USDA|VA) 1 $225,000 $225,000 $16,815 4.00%
DALTON, GA (FHA|USDA|VA) 1 $215,000 $215,000 $7,975 3.75%
Palestine, TX (FHA|USDA|VA) 1 $215,000 $215,000 $18,119 5.75%
Selinsgrove, PA (FHA|USDA|VA) 1 $215,000 $215,000 $15,113 5.50%
Madison, IN (FHA|USDA|VA) 1 $205,000 $205,000 $13,679 4.63%
OWENSBORO, KY (FHA|USDA|VA) 1 $205,000 $205,000 $16,212 4.63%
Peru, IN (FHA|USDA|VA) 1 $195,000 $195,000 $9,814 5.75%
Norwalk, OH (FHA|USDA|VA) 1 $195,000 $195,000 $10,425 6.75%
Mayfield, KY (FHA|USDA|VA) 1 $185,000 $185,000 $14,688 7.25%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $185,000 $185,000 $8,602 5.50%
SUMTER, SC (FHA|USDA|VA) 1 $185,000 $185,000 $13,227 4.25%
Alexander City, AL (FHA|USDA|VA) 1 $175,000 $175,000 $12,420 7.25%
Thomaston, GA (FHA|USDA|VA) 1 $175,000 $175,000 $13,880 5.38%
Madisonville, KY (FHA|USDA|VA) 1 $165,000 $165,000 $7,825 4.63%
Pottsville, PA (FHA|USDA|VA) 1 $165,000 $165,000 $10,453 4.75%
COLUMBUS, IN (FHA|USDA|VA) 1 $155,000 $155,000 $6,890 5.63%
Marion, NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,030 4.88%
SAN ANGELO, TX (FHA|USDA|VA) 1 $145,000 $145,000 $9,261 4.63%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $145,000 $145,000 $7,294 5.38%
DOTHAN, AL (FHA|USDA|VA) 1 $145,000 $145,000 $9,141 5.25%
Mount Gay-Shamrock, WV (FHA|USDA|VA) 1 $145,000 $145,000 $4,794 6.25%
Morehead City, NC (FHA|USDA|VA) 1 $145,000 $145,000 $11,460 3.38%
Marion, IN (FHA|USDA|VA) 1 $135,000 $135,000 $6,354 3.75%
Fairmont, WV (FHA|USDA|VA) 1 $135,000 $135,000 $5,303 3.75%
Indiana, PA (FHA|USDA|VA) 1 $125,000 $125,000 $7,332 3.50%
Decatur, IN (FHA|USDA|VA) 1 $125,000 $125,000 $7,432 7.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $115,000 $115,000 $6,438 3.63%
Clarksburg, WV (FHA|USDA|VA) 1 $115,000 $115,000 $8,310 7.75%
Dayton, TN (FHA|USDA|VA) 1 $105,000 $105,000 $5,592 5.25%
Bennettsville, SC (FHA|USDA|VA) 1 $85,000 $85,000 $5,628 3.75%
Waycross, GA (FHA|USDA|VA) 1 $65,000 $65,000 $4,981 6.63%
Paris, TN (FHA|USDA|VA) 1 $65,000 $65,000 $4,744 3.50%
Crawfordsville, IN (FHA|USDA|VA) 1 $55,000 $55,000 $4,040 6.38%
Maysville, KY (FHA|USDA|VA) 1 $55,000 $55,000 $4,695 5.25%
1st Signature Lending's top markets include Indianapolis, Pensacola, Jacksonville, Asheville, and Durham among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 446 $107,660,000 $241,390 $16,190 5.21%
    Conventional 176 $41,620,000 $236,477 $9,420 5.08%
    VA 167 $50,245,000 $300,868 $15,378 5.18%
    USDA 21 $4,265,000 $203,095 $11,493 5.04%

    For 2022, 1st Signature Lending's most frequently originated type of loan was FHA, with 446 originations. Their 2nd most popular type was Conventional, with 176 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 405 $100,415,000 $247,938 $13,623 5.32%
    Refi 356 $96,770,000 $271,826 $16,338 5.13%
    Cash Out Refi 49 $6,605,000 $134,796 $7,209 4.16%

    For 2022, 1st Signature Lending's most frequently cited loan purpose was Home Purchase, with 405 originations. The 2nd most popular reason was Refi, with 356 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 516 $144,970,000 $280,950 $17,464 5.32%
    30 Year 260 $54,000,000 $207,692 $9,452 5.00%
    15 Year 19 $2,585,000 $136,053 $6,622 3.95%
    20 Year 8 $1,110,000 $138,750 $6,477 3.98%
    Other 6 $1,020,000 $170,000 $8,032 4.85%
    10 Year 1 $105,000 $105,000 $4,311 4.00%

    For 2022, 1st Signature Lending's most frequently cited loan duration was 30+ year, with 516 originations. The 2nd most popular length was 30 Year, with 260 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 597 $164,945,000 $276,290
    $3k-4k 75 $12,225,000 $163,000
    $4k-5k 65 $12,945,000 $199,154
    $2k-3k 41 $6,375,000 $155,488
    $1k-2k 30 $6,960,000 $232,000
    $<1k 2 $340,000 $170,000

    1st Signature Lending's average total fees were $9,452, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 597 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 269 $71,245,000 $264,851
    5-6% 267 $69,365,000 $259,794
    3-4% 117 $24,755,000 $211,581
    6-7% 92 $23,170,000 $251,848
    7-8% 57 $13,385,000 $234,825
    2.5-3% 8 $1,870,000 $233,750

    During 2022, 1st Signature Lending's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 4-5%, with 269 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 490 $132,550,000 $270,510 $15,931 5.26%
    $100k-200k 222 $35,910,000 $161,757 $9,719 5.13%
    $400k-600k 62 $28,260,000 $455,806 $22,055 4.95%
    $100,000 or less 29 $2,315,000 $79,828 $5,521 4.46%
    $600k-1MM 7 $4,755,000 $679,286 $29,286 5.18%

    2022 saw 1st Signature Lending place emphasis on $200k-400k loans with 490 originations, totaling $132,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 295 $68,045,000 $230,661 $13,831 5.27%
    $75k-100k 186 $51,380,000 $276,237 $16,360 5.23%
    $50k or less 146 $24,270,000 $166,233 $10,386 4.73%
    $100k-150k 143 $44,735,000 $312,832 $16,224 5.24%
    $150k-250k 36 $13,790,000 $383,056 $17,846 5.56%
    $250k+ 4 $1,570,000 $392,500 $20,122 4.69%

    1st Signature Lending lent most frequently to those with incomes in the $50k-75k range, with 295 originations. The second most popular income band? $75k-100k, with 186 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 204 $54,600,000 $267,647 $16,355 5.22%
    30-36% 83 $18,205,000 $219,337 $12,138 5.05%
    20-30% 60 $12,610,000 $210,167 $11,171 4.93%
    49% 48 $13,170,000 $274,375 $16,040 5.35%
    46% 43 $11,685,000 $271,744 $15,661 5.30%
    43% 39 $11,165,000 $286,282 $14,397 4.86%
    47% 38 $9,910,000 $260,789 $14,693 4.99%
    45% 34 $8,020,000 $235,882 $14,479 5.40%
    44% 33 $7,215,000 $218,636 $11,861 5.06%
    48% 31 $8,375,000 $270,161 $15,936 5.62%
    36% 30 $7,510,000 $250,333 $13,647 5.28%
    38% 27 $7,265,000 $269,074 $16,154 5.37%
    37% 27 $6,485,000 $240,185 $14,315 4.97%
    39% 26 $6,330,000 $243,462 $13,828 5.59%
    41% 25 $5,635,000 $225,400 $12,554 4.70%
    42% 22 $5,210,000 $236,818 $12,582 5.01%
    40% 21 $4,985,000 $237,381 $13,930 5.17%
    <20% 14 $3,150,000 $225,000 $9,100 5.07%
    >60% 5 $2,265,000 $453,000 $25,931 5.55%

    1st Signature Lending lent most frequently to those with DTI ratios of 50-60%, with 204 originations. The next most common DTI ratio? 30-36%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 653 $164,755,000 $252,305 $14,396 5.16%
    Black 114 $29,370,000 $257,632 $14,702 5.25%
    Not provided 33 $7,605,000 $230,455 $14,733 5.19%
    American Indian 7 $1,415,000 $202,143 $11,458 4.77%
    Asian 3 $645,000 $215,000 $12,607 5.63%

    Approval Rates

    Total approvals of all applications
    88.39%

    1st Signature Lending has an average approval rate.

    Pick Rate

    Approvals leading to origination
    50.62%

    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 810 $203,790,000 $251,593

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    810 $203,790,000 $251,593

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $800,000 $133,333 $6,896 4.25%
    40-60% 34 $5,850,000 $172,059 $9,233 4.68%
    60-80% 102 $21,740,000 $213,137 $11,775 5.12%
    80-100% 630 $163,150,000 $258,968 $14,758 5.21%
    Over 100% 37 $12,195,000 $329,595 $22,684 5.18%
    Under 20% 1 $55,000 $55,000 $5,474 3.75%