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

2021 Data | 2020 Data | 2019 Data | 2018 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

1,118

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 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%
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.

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 applications
87.51%

1st Signature Lending has an average approval rate.

Pick Rate

Approvals leading to origination
15.69%

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%