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: Indianapolis, Cincinnati, Nashville, Denver, and Augusta among others. We have data for 147 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.78% | 4/22/24 |
| 30 Year Conventional Refi | 6.37% | 4/22/24 |
| 30 Year Cash-out Refi | 6.81% | 4/22/24 |
| 30 Year FHA Purchase | 7.71% | 4/22/24 |
| 30 Year FHA Refi | 7.41% | 4/22/24 |
| 30 Year VA Purchase | 6.70% | 4/22/24 |
| 30 Year VA Refi | 7.18% | 4/22/24 |
| 30 Year USDA Purchase | 7.08% | 4/22/24 |
| 30 Year USDA Refi | 6.08% | 4/22/24 |
| 15 Year Conventional Purchase | 5.94% | 4/22/24 |
| 15 Year Conventional Refi | 6.75% | 4/22/24 |
| 15 Year Cash-out Refi | 6.75% | 4/22/24 |
| 15 Year FHA Refi | 5.68% | 4/22/24 |
| 15 Year VA Purchase | 6.95% | 4/22/24 |
| 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
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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
745Origination Dollar Volume (All Markets)
$150,135,000Awards
1ST SIGNATURE LENDING - 2019
1ST SIGNATURE LENDING is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 | 96 | $17,350,000 | $180,729 | $9,208 | 4.30% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 69 | $15,725,000 | $227,899 | $6,681 | 4.05% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 43 | $8,855,000 | $205,930 | $10,640 | 4.19% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 25 | $5,695,000 | $227,800 | $9,701 | 4.16% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 14 | $4,890,000 | $349,286 | $11,906 | 4.28% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 19 | $4,565,000 | $240,263 | $10,840 | 4.26% |
| LOUISVILLE, KY (FHA|USDA|VA) | 23 | $4,525,000 | $196,739 | $9,314 | 4.24% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 20 | $4,320,000 | $216,000 | $8,397 | 4.21% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 14 | $3,590,000 | $256,429 | $9,792 | 4.06% |
| OCALA, FL (FHA|USDA|VA) | 19 | $3,565,000 | $187,632 | $10,152 | 4.03% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 14 | $3,430,000 | $245,000 | $9,190 | 4.19% |
| COLUMBUS, OH (FHA|USDA|VA) | 16 | $3,200,000 | $200,000 | $8,817 | 4.12% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 8 | $2,190,000 | $273,750 | $8,622 | 4.47% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 7 | $2,035,000 | $290,714 | $12,563 | 4.20% |
| ASHEVILLE, NC (FHA|USDA|VA) | 9 | $1,975,000 | $219,444 | $11,011 | 4.07% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 13 | $1,965,000 | $151,154 | $7,797 | 4.29% |
| MUNCIE, IN (FHA|USDA|VA) | 10 | $1,870,000 | $187,000 | $7,349 | 3.83% |
| GAINESVILLE, FL (FHA|USDA|VA) | 8 | $1,800,000 | $225,000 | $12,212 | 4.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 7 | $1,685,000 | $240,714 | $12,346 | 4.14% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 7 | $1,535,000 | $219,286 | $8,761 | 4.09% |
| CLEVELAND, TN (FHA|USDA|VA) | 7 | $1,405,000 | $200,714 | $9,472 | 3.82% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 7 | $1,315,000 | $187,857 | $4,659 | 4.18% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $9,300 | 3.78% |
| Athens, TN (FHA|USDA|VA) | 7 | $1,245,000 | $177,857 | $11,669 | 4.20% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $11,350 | 3.85% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $9,022 | 4.13% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 6 | $1,070,000 | $178,333 | $8,416 | 4.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $12,286 | 4.13% |
| SAVANNAH, GA (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $9,490 | 4.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $8,524 | 3.85% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $7,663 | 3.95% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $7,901 | 4.63% |
| North Vernon, IN (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $8,985 | 4.38% |
| Lumberton, NC (FHA|USDA|VA) | 6 | $900,000 | $150,000 | $9,649 | 4.35% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $5,121 | 4.15% |
| Jefferson, GA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $7,637 | 4.33% |
| Bellefontaine, OH (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $8,245 | 4.15% |
| KOKOMO, IN (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $4,624 | 4.10% |
| Orangeburg, SC (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $10,307 | 4.41% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $7,788 | 3.83% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $8,806 | 3.68% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $9,729 | 4.43% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $9,192 | 3.91% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $5,625 | 4.69% |
| Urbana, OH (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $10,633 | 4.58% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $10,122 | 4.75% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $12,827 | 4.21% |
| Findlay, OH (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $8,505 | 4.33% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $8,830 | 4.47% |
| Americus, GA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $5,817 | 4.04% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $9,078 | 4.53% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $9,169 | 3.91% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $13,165 | 4.38% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $12,962 | 3.92% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $9,393 | 4.41% |
| Sanford, NC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $11,553 | 4.42% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $9,751 | 4.58% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $10,543 | 4.19% |
| Marion, OH (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $7,477 | 4.16% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $11,628 | 4.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $8,172 | 4.09% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $11,936 | 4.19% |
| TOLEDO, OH (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $10,447 | 4.17% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $14,836 | 4.06% |
| Frankfort, IN (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $9,088 | 4.79% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $6,512 | 4.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $14,137 | 4.69% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $10,085 | 5.19% |
| Peru, IN (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $5,350 | 3.88% |
| Lake City, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $13,231 | 4.13% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $9,336 | 3.92% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $18,905 | 4.75% |
| AKRON, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $10,934 | 3.81% |
| Dayton, TN (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $10,835 | 4.67% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,797 | 4.81% |
| New Castle, IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,058 | 3.94% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $9,991 | 4.29% |
| Paris, TN (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $5,228 | 4.92% |
| Thomasville, GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,723 | 3.94% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,142 | 3.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $10,708 | 4.19% |
| Montrose, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $22,399 | 4.13% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $15,617 | 3.88% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $20,340 | 3.50% |
| Dublin, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,695 | 4.88% |
| Bedford, IN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $7,657 | 4.56% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $14,657 | 5.63% |
| Jackson, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,691 | 5.13% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,831 | 3.75% |
| Scottsburg, IN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,495 | 4.13% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $6,363 | 4.25% |
| Connersville, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $13,118 | 4.13% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $6,717 | 4.75% |
| Palatka, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $8,736 | 4.31% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,781 | 3.75% |
| Durango, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,804 | 5.13% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $14,854 | 3.88% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,910 | 4.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,168 | 3.63% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $15,698 | 3.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $13,994 | 4.50% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,590 | 4.31% |
| Washington, IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $7,504 | 4.19% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,285 | 4.63% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,401 | 5.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,945 | 4.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,752 | 3.75% |
| Logansport, IN (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,045 | 4.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.38% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $12,207 | 4.13% |
| Henderson, NC (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $7,675 | 4.13% |
| Fitzgerald, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,909 | 4.13% |
| Wilson, NC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $7,540 | 3.50% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,417 | 4.63% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,008 | 4.50% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,710 | 4.63% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,685 | 4.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,981 | 4.50% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,925 | 4.63% |
| Madison, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,916 | 3.75% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,298 | 3.25% |
| Jasper, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $13,440 | 4.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,978 | 4.00% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,667 | 3.75% |
| Cordele, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,360 | 6.75% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,676 | 4.13% |
| Celina, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,811 | 3.63% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $11,485 | 5.50% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,245 | 4.00% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $10,633 | 4.63% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,501 | 3.63% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $11,366 | 4.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,683 | 4.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,999 | 3.00% |
| Murray, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,701 | 4.13% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,073 | 3.63% |
| Fremont, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $11,825 | 4.50% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,918 | 4.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,445 | 3.50% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $10,437 | 4.13% |
| Crossville, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $8,872 | 4.00% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $8,725 | 4.63% |
| Wabash, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,858 | 4.25% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,669 | 5.25% |
| Auburn, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,106 | 4.13% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,157 | 4.38% |
| Angola, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,218 | 5.13% |
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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 2019, 1st Signature Lending's most frequently originated type of loan was FHA, with 373 originations. Their 2nd most popular type was Conventional, with 189 originations.
Loan Reason
For 2019, 1st Signature Lending's most frequently cited loan purpose was Home Purchase, with 396 originations. The 2nd most popular reason was Refi, with 314 originations.
Loan Duration/Length
For 2019, 1st Signature Lending's most frequently cited loan duration was 30 Year, with 645 originations. The 2nd most popular length was 30+ year, with 65 originations.
Origination Fees/Closing Costs
1st Signature Lending's average total fees were $8,904, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 312 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 403 | $79,145,000 | $196,390 |
| 3-4% | 295 | $61,875,000 | $209,746 |
| 5-6% | 40 | $7,360,000 | $184,000 |
| 2.5-3% | 4 | $1,070,000 | $267,500 |
| 6-7% | 3 | $685,000 | $228,333 |
During 2019, 1st Signature Lending's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 4-5%, with 403 originations.
Loan Sizing
2019 saw 1st Signature Lending place emphasis on $100k-200k loans with 349 originations, totaling $52,015,000 in origination value.
Applicant Income
1st Signature Lending lent most frequently to those with incomes in the $50k or less range, with 251 originations. The second most popular income band? $50k-75k, with 222 originations.
Applicant Debt to Income Ratio
1st Signature Lending lent most frequently to those with DTI ratios of 50-60%, with 176 originations. The next most common DTI ratio? 20-30%, with 103 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.55%
1st Signature Lending has an average approval rate.
Pick Rate
Approvals leading to origination31.95%
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 | 745 | $150,135,000 | $201,523 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 195 | $27,325,000 | $140,128 |
| Single Family (1-4 Units):Site-Built | 550 | $122,810,000 | $223,291 |