1st Signature Lending Mortgage Rates, Fees & Info

Indianapolis, IN

LEI: 549300TKFZR4QBNE5D40

Tax ID: 01-0737466

3.5 stars - out of 5 stars, based on 33 reviews

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

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Mortgage Data

  • SimulatedRates™
  • 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 a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Indianapolis, Cincinnati, Colorado Springs, Charlotte, and Atlanta among others. We have data for 190 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 an average 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 6.90% 12/4/22
    30 Year Conventional Refi 6.83% 12/4/22
    30 Year Cash-out Refi 6.97% 12/4/22
    30 Year FHA Purchase 7.93% 12/4/22
    30 Year FHA Refi 7.69% 12/4/22
    30 Year VA Purchase 6.91% 12/4/22
    30 Year VA Refi 6.60% 12/4/22
    30 Year USDA Purchase 7.11% 12/4/22
    30 Year USDA Refi 8.20% 12/4/22
    15 Year Conventional Purchase 6.68% 12/4/22
    15 Year Conventional Refi 6.32% 12/4/22
    15 Year Cash-out Refi 6.32% 12/4/22
    15 Year FHA Refi 7.22% 12/4/22
    15 Year VA Refi 6.08% 12/4/22
    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.


    Originations

    1,118

    Origination Dollar Volume (All Markets)

    $236,180,000

    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 3.11%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.04%.

    Relative Fees (Closing Costs)

    1st Signature Lending's average total fees/closing costs for a 30 year fixed rate mortgage were $6,389.

    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 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%
    CaƱon 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.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • 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.

    The Riddell National Bank
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    COMMONWEALTH
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, 1st Signature Lending's most frequently originated type of loan was FHA, with 474 originations. Their 2nd most popular type was Conventional, with 401 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, 1st Signature Lending's most frequently cited loan purpose was Home Purchase, with 435 originations. The 2nd most popular reason was 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 2021, 1st Signature Lending's most frequently cited loan duration was 30 Year, with 515 originations. The 2nd most popular length was 30+ year, with 441 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 308 $53,570,000 $173,929
    $2k-3k 231 $35,105,000 $151,970
    $1k-2k 222 $49,390,000 $222,477
    $4k-5k 180 $42,930,000 $238,500
    $5k+ 161 $52,555,000 $326,429
    $<1k 16 $2,630,000 $164,375

    1st Signature Lending's average total fees were $6,389, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 308 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 for loans was 3.11%, while their most frequently originated rate bucket for loans was 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 applications
    88.09%

    1st Signature Lending has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -7.07%

    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%