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: Fayetteville, Asheville, Columbia, Lumberton, and Knoxville among others. We have data for 167 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.78% | 11/17/24 |
| 30 Year Conventional Refi | 6.37% | 11/17/24 |
| 30 Year Cash-out Refi | 6.81% | 11/17/24 |
| 30 Year FHA Purchase | 7.71% | 11/17/24 |
| 30 Year FHA Refi | 7.41% | 11/17/24 |
| 30 Year VA Purchase | 6.70% | 11/17/24 |
| 30 Year VA Refi | 7.18% | 11/17/24 |
| 30 Year USDA Purchase | 7.08% | 11/17/24 |
| 30 Year USDA Refi | 6.08% | 11/17/24 |
| 15 Year Conventional Purchase | 5.94% | 11/17/24 |
| 15 Year Conventional Refi | 6.75% | 11/17/24 |
| 15 Year Cash-out Refi | 6.75% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| 15 Year VA Purchase | 6.95% | 11/17/24 |
| 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
756Origination Dollar Volume (All Markets)
$188,930,000Relative Rate
1st Signature Lending's average 30 year fixed mortgage rate was
6.74%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.26%.
Relative Fees (Closing Costs)
1st Signature Lending's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,406.
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 $9,089.
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 | 122 | $29,280,000 | $240,000 | $14,996 | 6.91% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 31 | $6,925,000 | $223,387 | $13,818 | 7.02% |
| ASHEVILLE, NC (FHA|USDA|VA) | 21 | $5,075,000 | $241,667 | $15,995 | 6.95% |
| COLUMBIA, SC (FHA|USDA|VA) | 23 | $4,725,000 | $205,435 | $13,420 | 7.01% |
| Lumberton, NC (FHA|USDA|VA) | 22 | $4,300,000 | $195,455 | $12,259 | 6.93% |
| KNOXVILLE, TN (FHA|USDA|VA) | 15 | $4,205,000 | $280,333 | $17,074 | 6.94% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 15 | $3,985,000 | $265,667 | $17,447 | 6.76% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 13 | $3,835,000 | $295,000 | $18,227 | 6.97% |
| COLUMBUS, OH (FHA|USDA|VA) | 10 | $3,500,000 | $350,000 | $17,985 | 6.66% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 12 | $3,360,000 | $280,000 | $9,105 | 6.41% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 16 | $3,290,000 | $205,625 | $13,468 | 6.86% |
| MORRISTOWN, TN (FHA|USDA|VA) | 12 | $3,210,000 | $267,500 | $15,992 | 6.99% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 13 | $3,105,000 | $238,846 | $15,004 | 6.89% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 13 | $2,715,000 | $208,846 | $14,046 | 6.92% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 10 | $2,710,000 | $271,000 | $17,436 | 7.23% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 10 | $2,690,000 | $269,000 | $15,924 | 6.88% |
| Palatka, FL (FHA|USDA|VA) | 12 | $2,670,000 | $222,500 | $13,687 | 6.92% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 7 | $2,335,000 | $333,571 | $18,614 | 6.77% |
| Athens, TN (FHA|USDA|VA) | 8 | $2,310,000 | $288,750 | $15,208 | 7.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 9 | $2,285,000 | $253,889 | $17,942 | 7.07% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $14,136 | 6.91% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 10 | $2,180,000 | $218,000 | $13,853 | 7.01% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 8 | $2,120,000 | $265,000 | $16,165 | 6.64% |
| GAINESVILLE, FL (FHA|USDA|VA) | 6 | $2,060,000 | $343,333 | $19,012 | 6.96% |
| LOUISVILLE, KY (FHA|USDA|VA) | 9 | $2,015,000 | $223,889 | $12,477 | 7.01% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,990,000 | $331,667 | $22,066 | 7.19% |
| Cullowhee, NC (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $16,104 | 6.92% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 8 | $1,950,000 | $243,750 | $14,107 | 6.70% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $1,860,000 | $310,000 | $16,089 | 7.17% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 7 | $1,845,000 | $263,571 | $16,519 | 6.80% |
| VALDOSTA, GA (FHA|USDA|VA) | 5 | $1,715,000 | $343,000 | $17,616 | 7.05% |
| Elizabeth City, NC (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $17,893 | 6.94% |
| Sanford, NC (FHA|USDA|VA) | 7 | $1,615,000 | $230,714 | $11,681 | 7.04% |
| AMARILLO, TX (FHA|USDA|VA) | 7 | $1,575,000 | $225,000 | $15,251 | 7.11% |
| Sevierville, TN (FHA|USDA|VA) | 5 | $1,565,000 | $313,000 | $17,055 | 6.90% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $16,095 | 6.80% |
| PANAMA CITY, FL (FHA|USDA|VA) | 6 | $1,410,000 | $235,000 | $13,565 | 7.06% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $14,619 | 7.42% |
| WACO, TX (FHA|USDA|VA) | 6 | $1,370,000 | $228,333 | $11,941 | 7.23% |
| Sandusky, OH (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $21,216 | 6.38% |
| FLORENCE, SC (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $13,521 | 6.85% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $18,764 | 6.95% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $17,777 | 7.13% |
| CLEVELAND, TN (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $16,408 | 7.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $11,652 | 6.88% |
| Dayton, TN (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $15,054 | 7.10% |
| MANSFIELD, OH (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $22,574 | 6.83% |
| Shelby, NC (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $14,931 | 7.19% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $14,778 | 6.88% |
| Athens, TX (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $12,639 | 6.88% |
| Marion, NC (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $18,466 | 7.09% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $15,582 | 6.53% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $13,278 | 7.16% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $16,028 | 7.19% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $13,622 | 6.95% |
| Scottsburg, IN (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $16,025 | 7.38% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $16,854 | 7.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $12,227 | 6.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $13,095 | 6.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $23,289 | 7.25% |
| Tiffin, OH (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $18,142 | 7.00% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $15,238 | 6.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $13,323 | 6.83% |
| HATTIESBURG, MS (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $15,048 | 7.21% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $31,129 | 6.75% |
| Findlay, OH (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $19,144 | 6.88% |
| Seneca, SC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $14,894 | 6.92% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $21,346 | 6.75% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $13,291 | 6.83% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $20,187 | 6.75% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $11,705 | 6.88% |
| Albertville, AL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $13,829 | 7.08% |
| Gaffney, SC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $11,916 | 7.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $12,371 | 7.21% |
| SUMTER, SC (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $10,517 | 6.96% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $16,340 | 7.19% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $7,994 | 7.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $18,709 | 6.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $9,009 | 6.50% |
| Newport, TN (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $18,012 | 7.00% |
| Newberry, SC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $11,838 | 7.00% |
| Okeechobee, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $14,393 | 7.06% |
| Urbana, OH (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $15,177 | 6.63% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $18,929 | 7.25% |
| Tifton, GA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $12,529 | 7.25% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $26,430 | 6.75% |
| OWENSBORO, KY (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $11,840 | 7.00% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $17,827 | 7.50% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $12,939 | 6.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $13,726 | 7.25% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $20,870 | 7.13% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $19,241 | 7.25% |
| Americus, GA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $21,124 | 7.88% |
| OCALA, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $10,547 | 7.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $12,117 | 6.94% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $13,938 | 6.75% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $12,762 | 6.13% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $13,267 | 6.44% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $26,995 | 6.63% |
| Jasper, AL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $17,592 | 7.25% |
| McMinnville, TN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $11,660 | 6.63% |
| SAN ANGELO, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $14,739 | 7.00% |
| Henderson, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $12,686 | 6.94% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $22,019 | 7.25% |
| Bennettsville, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $23,519 | 6.75% |
| Orangeburg, SC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $9,924 | 7.25% |
| Wooster, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $18,605 | 6.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $15,733 | 7.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $16,170 | 7.13% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $22,623 | 6.75% |
| Vincennes, IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $20,500 | 6.75% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $22,602 | 7.25% |
| TYLER, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $15,629 | 6.75% |
| Marion, IN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $8,056 | 6.56% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,689 | 6.50% |
| Marion, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $9,492 | 6.81% |
| Lake City, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $14,958 | 7.25% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $18,932 | 6.75% |
| Summerville, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $14,334 | 7.13% |
| Crossville, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $13,757 | 6.88% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,908 | 6.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,892 | 6.75% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $16,582 | 6.88% |
| Forest City, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,740 | 7.75% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $18,143 | 7.13% |
| Waycross, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $13,909 | 6.75% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $14,110 | 7.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.13% |
| Dumas, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $16,704 | 7.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,206 | 5.63% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,638 | 7.13% |
| Washington, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $14,744 | 7.63% |
| Richmond, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $14,438 | 7.25% |
| Madison, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $12,241 | 6.75% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $12,109 | 6.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $15,190 | 6.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,701 | 6.88% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $17,095 | 7.25% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $16,313 | 6.75% |
| Athens, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,217 | 6.75% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $17,016 | 6.38% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $18,401 | 7.25% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,453 | 6.75% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,543 | 6.75% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $14,081 | 6.75% |
| Brevard, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $16,604 | 6.75% |
| Ashland, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $16,275 | 6.75% |
| Huntington, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,597 | 6.25% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,798 | 6.63% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $15,787 | 7.25% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,722 | 6.88% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $15,030 | 6.75% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $11,848 | 6.63% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,262 | 6.75% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,872 | 7.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,927 | 6.25% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $12,373 | 7.25% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $12,804 | 5.88% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,229 | 6.75% |
| North Vernon, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,544 | 6.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,761 | 7.00% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,984 | 5.75% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,222 | 6.50% |
| Atmore, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.25% |
| Cullman, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,114 | 6.88% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,175 | 5.63% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $6,334 | 6.25% |
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 2023, 1st Signature Lending's most frequently originated type of loan was FHA, with 521 originations. Their 2nd most popular type was VA, with 143 originations.
Loan Reason
For 2023, 1st Signature Lending's most frequently cited loan purpose was Home Purchase, with 508 originations. The 2nd most popular reason was Refi, with 239 originations.
Loan Duration/Length
For 2023, 1st Signature Lending's most frequently cited loan duration was 30+ year, with 580 originations. The 2nd most popular length was 30 Year, with 174 originations.
Origination Fees/Closing Costs
1st Signature Lending's average total fees were $11,406, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 625 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 410 | $100,220,000 | $244,439 |
| 7-8% | 324 | $82,980,000 | $256,111 |
| 5-6% | 20 | $5,230,000 | $261,500 |
| Over 8% | 2 | $500,000 | $250,000 |
During 2023, 1st Signature Lending's average interest rate for loans was 6.74%, while their most frequently originated rate bucket for loans was 6-7%, with 410 originations.
Loan Sizing
2023 saw 1st Signature Lending place emphasis on $200k-400k loans with 473 originations, totaling $124,325,000 in origination value.
Applicant Income
1st Signature Lending lent most frequently to those with incomes in the $50k-75k range, with 244 originations. The second most popular income band? $75k-100k, with 213 originations.
Applicant Debt to Income Ratio
1st Signature Lending lent most frequently to those with DTI ratios of 50-60%, with 235 originations. The next most common DTI ratio? 30-36%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.47%
1st Signature Lending has an average approval rate.
Pick Rate
Approvals leading to origination56.08%
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 | 756 | $188,930,000 | $249,907 |