Wyndham Capital Mortgage

Charlotte, NC 28210

LEI: 549300UVXY7S004OQL53

Tax ID: 56-2237729

2019 Data | 2018 Data


Overview

Wyndham Capital Mortgage is a small mortgage company specializing in NA, Refi, and Cash Out Refi loans. Wyndham Capital Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Charlotte, Washington, Atlanta, Phoenix, and Denver among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Wyndham Capital Mortgage is typically a low fee lendor.


Originations

7,096

Origination Dollar Volume (All Markets)

$2,265,260,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 5,619 $1,822,285,000 $324,308
FHA 874 $223,180,000 $255,355
VA 597 $218,565,000 $366,106
USDA 6 $1,230,000 $205,000

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 1,494 $415,660,000 $278,220
NA 2,088 $738,100,000 $353,496
Refi 1,616 $579,910,000 $358,855
Cash Out Refi 1,898 $531,590,000 $280,079

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
CHARLOTTE-CONCORD-GASTONIA, NC-SC 699 $205,145,000 $293,484
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 339 $140,165,000 $413,466
Outside of Metro Areas 467 $120,775,000 $258,619
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 325 $98,325,000 $302,538
PHOENIX-MESA-CHANDLER, AZ 190 $60,350,000 $317,632
DENVER-AURORA-LAKEWOOD, CO 150 $57,430,000 $382,867
LOS ANGELES-LONG BEACH-GLENDALE, CA 115 $53,765,000 $467,522
SEATTLE-BELLEVUE-KENT, WA 121 $52,015,000 $429,876
LAS VEGAS-HENDERSON-PARADISE, NV 144 $44,420,000 $308,472
RALEIGH-CARY, NC 125 $38,215,000 $305,720
BALTIMORE-COLUMBIA-TOWSON, MD 98 $34,950,000 $356,633
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 102 $34,520,000 $338,431
DALLAS-PLANO-IRVING, TX 100 $32,020,000 $320,200
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 89 $31,325,000 $351,966
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 114 $31,110,000 $272,895
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 86 $30,320,000 $352,558
OAKLAND-BERKELEY-LIVERMORE, CA 62 $30,140,000 $486,129
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 72 $29,360,000 $407,778
NEWARK, NJ-PA 78 $29,220,000 $374,615
TAMPA-ST. PETERSBURG-CLEARWATER, FL 93 $27,985,000 $300,914
NEW BRUNSWICK-LAKEWOOD, NJ 83 $27,925,000 $336,446
CHICAGO-NAPERVILLE-EVANSTON, IL 84 $27,460,000 $326,905
SACRAMENTO-ROSEVILLE-FOLSOM, CA 73 $26,645,000 $365,000
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 53 $25,025,000 $472,170
ORLANDO-KISSIMMEE-SANFORD, FL 87 $24,795,000 $285,000
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 79 $24,515,000 $310,316
ANAHEIM-SANTA ANA-IRVINE, CA 45 $21,185,000 $470,778
JACKSONVILLE, FL 69 $20,465,000 $296,594
MIAMI-MIAMI BEACH-KENDALL, FL 61 $19,725,000 $323,361
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 54 $19,580,000 $362,593
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 59 $18,255,000 $309,407
WARREN-TROY-FARMINGTON HILLS, MI 58 $17,400,000 $300,000
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 52 $16,920,000 $325,385
RICHMOND, VA 54 $16,830,000 $311,667
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 48 $16,300,000 $339,583
GREENVILLE-ANDERSON, SC 57 $15,785,000 $276,930
INDIANAPOLIS-CARMEL-ANDERSON, IN 52 $15,670,000 $301,346
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 50 $15,610,000 $312,200
FORT WORTH-ARLINGTON-GRAPEVINE, TX 54 $15,530,000 $287,593
CHARLESTON-NORTH CHARLESTON, SC 43 $13,645,000 $317,326
OXNARD-THOUSAND OAKS-VENTURA, CA 27 $13,185,000 $488,333
AUSTIN-ROUND ROCK-GEORGETOWN, TX 44 $13,170,000 $299,318
KANSAS CITY, MO-KS 44 $13,120,000 $298,182
TACOMA-LAKEWOOD, WA 33 $12,425,000 $376,515
RENO, NV 32 $11,120,000 $347,500
NORTH PORT-SARASOTA-BRADENTON, FL 34 $10,050,000 $295,588
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 18 $9,980,000 $554,444
DURHAM-CHAPEL HILL, NC 29 $9,155,000 $315,690
SAN ANTONIO-NEW BRAUNFELS, TX 34 $9,110,000 $267,941
COLORADO SPRINGS, CO 29 $9,085,000 $313,276
ASHEVILLE, NC 33 $9,015,000 $273,182
WILMINGTON, DE-MD-NJ 28 $8,850,000 $316,071
CINCINNATI, OH-KY-IN 33 $8,815,000 $267,121
CLEVELAND-ELYRIA, OH 27 $8,505,000 $315,000
SALT LAKE CITY, UT 23 $8,145,000 $354,130
COLUMBIA, SC 31 $8,135,000 $262,419
BOISE CITY, ID 29 $8,125,000 $280,172
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 30 $8,040,000 $268,000
PALM BAY-MELBOURNE-TITUSVILLE, FL 28 $7,980,000 $285,000
GREENSBORO-HIGH POINT, NC 32 $7,750,000 $242,188
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 28 $7,580,000 $270,714
COLUMBUS, OH 23 $7,095,000 $308,478
CAMDEN, NJ 23 $6,905,000 $300,217
PHILADELPHIA, PA 23 $6,905,000 $300,217
SANTA ROSA-PETALUMA, CA 15 $6,775,000 $451,667
BRIDGEPORT-STAMFORD-NORWALK, CT 18 $6,650,000 $369,444
LOUISVILLE/JEFFERSON COUNTY, KY-IN 23 $6,555,000 $285,000
OLYMPIA-LACEY-TUMWATER, WA 19 $6,505,000 $342,368
SAN LUIS OBISPO-PASO ROBLES, CA 13 $6,365,000 $489,615
PORT ST. LUCIE, FL 20 $6,150,000 $307,500
HILTON HEAD ISLAND-BLUFFTON, SC 21 $6,055,000 $288,333
FORT COLLINS, CO 16 $5,890,000 $368,125
PITTSBURGH, PA 20 $5,780,000 $289,000
MILWAUKEE-WAUKESHA, WI 20 $5,730,000 $286,500
LEXINGTON-FAYETTE, KY 17 $5,705,000 $335,588
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 17 $5,685,000 $334,412
TUCSON, AZ 19 $5,675,000 $298,684
GAINESVILLE, GA 18 $5,640,000 $313,333
NEW ORLEANS-METAIRIE, LA 16 $5,570,000 $348,125
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 19 $5,535,000 $291,316
KNOXVILLE, TN 17 $5,495,000 $323,235
STOCKTON, CA 15 $5,445,000 $363,000
PROVIDENCE-WARWICK, RI-MA 17 $5,365,000 $315,588
VALLEJO, CA 13 $5,365,000 $412,692
CAPE CORAL-FORT MYERS, FL 20 $5,350,000 $267,500
TRENTON-PRINCETON, NJ 19 $5,295,000 $278,684
MANCHESTER-NASHUA, NH 18 $5,270,000 $292,778
LAKE COUNTY-KENOSHA COUNTY, IL-WI 15 $5,175,000 $345,000
BIRMINGHAM-HOOVER, AL 17 $5,125,000 $301,471
BOULDER, CO 12 $5,060,000 $421,667
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 17 $5,005,000 $294,412
MEMPHIS, TN-MS-AR 19 $4,865,000 $256,053
ALBUQUERQUE, NM 14 $4,850,000 $346,429
WINSTON-SALEM, NC 22 $4,800,000 $218,182
AUGUSTA-RICHMOND COUNTY, GA-SC 16 $4,800,000 $300,000
BREMERTON-SILVERDALE-PORT ORCHARD, WA 13 $4,665,000 $358,846
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 17 $4,615,000 $271,471
DETROIT-DEARBORN-LIVONIA, MI 17 $4,615,000 $271,471
GARY, IN 18 $4,460,000 $247,778
COEUR D'ALENE, ID 14 $4,460,000 $318,571
BATON ROUGE, LA 15 $4,265,000 $284,333
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 9 $4,225,000 $469,444
CHATTANOOGA, TN-GA 15 $4,175,000 $278,333
CHARLOTTESVILLE, VA 11 $4,145,000 $376,818
FRESNO, CA 13 $4,075,000 $313,462
PENSACOLA-FERRY PASS-BRENT, FL 14 $4,000,000 $285,714
NEW HAVEN-MILFORD, CT 14 $3,970,000 $283,571
PORTLAND-SOUTH PORTLAND, ME 12 $3,920,000 $326,667
SALEM, OR 12 $3,880,000 $323,333
OKLAHOMA CITY, OK 13 $3,655,000 $281,154
SALINAS, CA 8 $3,640,000 $455,000
BAKERSFIELD, CA 14 $3,630,000 $259,286
HAGERSTOWN-MARTINSBURG, MD-WV 14 $3,540,000 $252,857
WILMINGTON, NC 14 $3,310,000 $236,429
HICKORY-LENOIR-MORGANTON, NC 15 $3,285,000 $219,000
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 14 $3,260,000 $232,857
LONGVIEW, WA 12 $3,230,000 $269,167
PROVO-OREM, UT 10 $3,180,000 $318,000
LAKELAND-WINTER HAVEN, FL 14 $3,080,000 $220,000
GREELEY, CO 9 $3,065,000 $340,556
ST. LOUIS, MO-IL 11 $3,035,000 $275,909
NAPLES-MARCO ISLAND, FL 8 $2,950,000 $368,750
SPOKANE-SPOKANE VALLEY, WA 10 $2,910,000 $291,000
AKRON, OH 10 $2,840,000 $284,000
GRAND RAPIDS-KENTWOOD, MI 10 $2,810,000 $281,000
OCALA, FL 12 $2,790,000 $232,500
EUGENE-SPRINGFIELD, OR 8 $2,630,000 $328,750
OGDEN-CLEARFIELD, UT 9 $2,595,000 $288,333
GAINESVILLE, FL 9 $2,575,000 $286,111
NAPA, CA 5 $2,555,000 $511,000
KENNEWICK-RICHLAND, WA 7 $2,535,000 $362,143
SAVANNAH, GA 10 $2,530,000 $253,000
FLAGSTAFF, AZ 8 $2,520,000 $315,000
MODESTO, CA 9 $2,505,000 $278,333
FAYETTEVILLE, NC 10 $2,480,000 $248,000
ELGIN, IL 9 $2,465,000 $273,889
ANN ARBOR, MI 11 $2,435,000 $221,364
SPARTANBURG, SC 13 $2,415,000 $185,769
MADISON, WI 10 $2,410,000 $241,000
HUNTINGTON-ASHLAND, WV-KY-OH 9 $2,385,000 $265,000
BURLINGTON-SOUTH BURLINGTON, VT 7 $2,375,000 $339,286
TULSA, OK 6 $2,260,000 $376,667
CHEYENNE, WY 7 $2,205,000 $315,000
MEDFORD, OR 6 $2,130,000 $355,000
OMAHA-COUNCIL BLUFFS, NE-IA 8 $2,130,000 $266,250
SALISBURY, MD-DE 9 $2,125,000 $236,111
THE VILLAGES, FL 7 $2,075,000 $296,429
WENATCHEE, WA 5 $2,035,000 $407,000
JACKSON, MS 7 $1,925,000 $275,000
CORVALLIS, OR 5 $1,915,000 $383,000
PRESCOTT VALLEY-PRESCOTT, AZ 7 $1,845,000 $263,571
BURLINGTON, NC 7 $1,775,000 $253,571
BILLINGS, MT 6 $1,770,000 $295,000
HARRISBURG-CARLISLE, PA 6 $1,750,000 $291,667
HUNTSVILLE, AL 6 $1,730,000 $288,333
LAKE HAVASU CITY-KINGMAN, AZ 5 $1,705,000 $341,000
PANAMA CITY, FL 6 $1,690,000 $281,667
SANTA FE, NM 6 $1,660,000 $276,667
SANTA CRUZ-WATSONVILLE, CA 3 $1,635,000 $545,000
DAYTON-KETTERING, OH 6 $1,520,000 $253,333
BEND, OR 4 $1,500,000 $375,000
ROANOKE, VA 8 $1,430,000 $178,750
CORPUS CHRISTI, TX 5 $1,405,000 $281,000
ROCKFORD, IL 9 $1,395,000 $155,000
REDDING, CA 4 $1,390,000 $347,500
SCRANTON--WILKES-BARRE, PA 7 $1,355,000 $193,571
CHICO, CA 4 $1,320,000 $330,000
COLLEGE STATION-BRYAN, TX 5 $1,315,000 $263,000
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 5 $1,315,000 $263,000
SEBASTIAN-VERO BEACH, FL 6 $1,280,000 $213,333
GULFPORT-BILOXI, MS 5 $1,275,000 $255,000
LANCASTER, PA 4 $1,250,000 $312,500
MONROE, LA 4 $1,250,000 $312,500
ATHENS-CLARKE COUNTY, GA 5 $1,235,000 $247,000
NEW BERN, NC 5 $1,205,000 $241,000
CALIFORNIA-LEXINGTON PARK, MD 4 $1,190,000 $297,500
SANTA MARIA-SANTA BARBARA, CA 3 $1,185,000 $395,000
CANTON-MASSILLON, OH 5 $1,165,000 $233,000
PUNTA GORDA, FL 5 $1,165,000 $233,000
YORK-HANOVER, PA 5 $1,125,000 $225,000
GRAND JUNCTION, CO 4 $1,110,000 $277,500
MORRISTOWN, TN 4 $1,090,000 $272,500
WINCHESTER, VA-WV 3 $1,085,000 $361,667
LONGVIEW, TX 4 $1,050,000 $262,500
BRUNSWICK, GA 3 $1,025,000 $341,667
VISALIA, CA 3 $1,015,000 $338,333
BELLINGHAM, WA 3 $1,015,000 $338,333
SHEBOYGAN, WI 5 $1,005,000 $201,000
BECKLEY, WV 5 $1,005,000 $201,000
GRAND FORKS, ND-MN 2 $970,000 $485,000
SOUTH BEND-MISHAWAKA, IN-MI 4 $960,000 $240,000
VALDOSTA, GA 4 $950,000 $237,500
ATLANTIC CITY-HAMMONTON, NJ 5 $945,000 $189,000
ROCKY MOUNT, NC 3 $935,000 $311,667
CHAMBERSBURG-WAYNESBORO, PA 4 $930,000 $232,500
MCALLEN-EDINBURG-MISSION, TX 4 $910,000 $227,500
BANGOR, ME 5 $885,000 $177,000
POCATELLO, ID 3 $885,000 $295,000
HOMOSASSA SPRINGS, FL 3 $865,000 $288,333
IDAHO FALLS, ID 2 $860,000 $430,000
CLEVELAND, TN 3 $855,000 $285,000
LUBBOCK, TX 5 $835,000 $167,000
TOLEDO, OH 2 $820,000 $410,000
DOTHAN, AL 3 $805,000 $268,333
ELIZABETHTOWN-FORT KNOX, KY 2 $800,000 $400,000
LINCOLN, NE 3 $795,000 $265,000
MISSOULA, MT 3 $795,000 $265,000
MONTGOMERY, AL 2 $790,000 $395,000
ST. CLOUD, MN 2 $780,000 $390,000
WICHITA, KS 3 $765,000 $255,000
DULUTH, MN-WI 3 $765,000 $255,000
LYNCHBURG, VA 2 $760,000 $380,000
YUBA CITY, CA 3 $745,000 $248,333
LAWRENCE, KS 3 $735,000 $245,000
DES MOINES-WEST DES MOINES, IA 3 $725,000 $241,667
ELKHART-GOSHEN, IN 3 $725,000 $241,667
LAS CRUCES, NM 3 $705,000 $235,000
EL PASO, TX 3 $705,000 $235,000
JOHNSON CITY, TN 4 $700,000 $175,000
SHERMAN-DENISON, TX 2 $700,000 $350,000
AUBURN-OPELIKA, AL 2 $690,000 $345,000
SIERRA VISTA-DOUGLAS, AZ 3 $685,000 $228,333
HOUMA-THIBODAUX, LA 2 $680,000 $340,000
MOUNT VERNON-ANACORTES, WA 2 $670,000 $335,000
MACON-BIBB COUNTY, GA 4 $670,000 $167,500
FORT WAYNE, IN 2 $660,000 $330,000
MICHIGAN CITY-LA PORTE, IN 3 $655,000 $218,333
AMARILLO, TX 3 $645,000 $215,000
BLOOMINGTON, IN 2 $630,000 $315,000
PUEBLO, CO 3 $625,000 $208,333
GREENVILLE, NC 4 $620,000 $155,000
KILLEEN-TEMPLE, TX 2 $610,000 $305,000
TOPEKA, KS 2 $600,000 $300,000
MORGANTOWN, WV 2 $600,000 $300,000
GREEN BAY, WI 3 $595,000 $198,333
FLINT, MI 3 $595,000 $198,333
YAKIMA, WA 2 $590,000 $295,000
NILES, MI 2 $580,000 $290,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 2 $580,000 $290,000
OWENSBORO, KY 3 $575,000 $191,667
MOBILE, AL 3 $555,000 $185,000
MIDLAND, TX 2 $550,000 $275,000
ST. GEORGE, UT 2 $540,000 $270,000
WACO, TX 2 $530,000 $265,000
EVANSVILLE, IN-KY 2 $530,000 $265,000
BEAUMONT-PORT ARTHUR, TX 2 $520,000 $260,000
NORWICH-NEW LONDON, CT 2 $520,000 $260,000
BLACKSBURG-CHRISTIANSBURG, VA 3 $515,000 $171,667
EAST STROUDSBURG, PA 2 $500,000 $250,000
GOLDSBORO, NC 2 $500,000 $250,000
DALTON, GA 2 $500,000 $250,000
ABILENE, TX 1 $495,000 $495,000
READING, PA 2 $490,000 $245,000
LA CROSSE-ONALASKA, WI-MN 2 $490,000 $245,000
KALAMAZOO-PORTAGE, MI 2 $480,000 $240,000
ODESSA, TX 2 $480,000 $240,000
KINGSPORT-BRISTOL, TN-VA 2 $480,000 $240,000
CLARKSVILLE, TN-KY 2 $480,000 $240,000
WARNER ROBINS, GA 3 $465,000 $155,000
LAFAYETTE, LA 2 $460,000 $230,000
BOWLING GREEN, KY 2 $460,000 $230,000
SAN RAFAEL, CA 1 $445,000 $445,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 2 $440,000 $220,000
COLUMBUS, GA-AL 2 $440,000 $220,000
CHARLESTON, WV 3 $435,000 $145,000
PARKERSBURG-VIENNA, WV 2 $420,000 $210,000
FARMINGTON, NM 2 $410,000 $205,000
SHREVEPORT-BOSSIER CITY, LA 1 $405,000 $405,000
LEWISTON, ID-WA 2 $400,000 $200,000
ALBANY, GA 2 $390,000 $195,000
DAPHNE-FAIRHOPE-FOLEY, AL 2 $390,000 $195,000
ROME, GA 2 $380,000 $190,000
GETTYSBURG, PA 2 $380,000 $190,000
MUSKEGON, MI 1 $375,000 $375,000
CARSON CITY, NV 1 $375,000 $375,000
JACKSON, TN 2 $370,000 $185,000
OCEAN CITY, NJ 2 $370,000 $185,000
ROCHESTER, MN 1 $365,000 $365,000
JONESBORO, AR 2 $360,000 $180,000
HANFORD-CORCORAN, CA 1 $355,000 $355,000
MADERA, CA 2 $350,000 $175,000
STAUNTON, VA 2 $340,000 $170,000
TALLAHASSEE, FL 1 $325,000 $325,000
MIDLAND, MI 1 $315,000 $315,000
HINESVILLE, GA 1 $315,000 $315,000
LAFAYETTE-WEST LAFAYETTE, IN 1 $315,000 $315,000
ALBANY-LEBANON, OR 1 $305,000 $305,000
WALLA WALLA, WA 2 $300,000 $150,000
LOGAN, UT-ID 1 $295,000 $295,000
WILLIAMSPORT, PA 1 $295,000 $295,000
WORCESTER, MA-CT 1 $295,000 $295,000
RACINE, WI 1 $295,000 $295,000
LEWISTON-AUBURN, ME 2 $290,000 $145,000
HARRISONBURG, VA 1 $285,000 $285,000
PEORIA, IL 1 $285,000 $285,000
COLUMBUS, IN 1 $275,000 $275,000
STATE COLLEGE, PA 1 $265,000 $265,000
GRANTS PASS, OR 1 $265,000 $265,000
SUMTER, SC 2 $260,000 $130,000
DECATUR, AL 1 $255,000 $255,000
JANESVILLE-BELOIT, WI 1 $245,000 $245,000
MONROE, MI 1 $245,000 $245,000
HATTIESBURG, MS 1 $245,000 $245,000
MANHATTAN, KS 1 $245,000 $245,000
TWIN FALLS, ID 1 $235,000 $235,000
FLORENCE, SC 2 $230,000 $115,000
LAWTON, OK 1 $225,000 $225,000
ALEXANDRIA, LA 1 $225,000 $225,000
YUMA, AZ 1 $225,000 $225,000
LEBANON, PA 1 $205,000 $205,000
SPRINGFIELD, IL 1 $205,000 $205,000
CHAMPAIGN-URBANA, IL 1 $205,000 $205,000
ANNISTON-OXFORD, AL 1 $185,000 $185,000
FLORENCE-MUSCLE SHOALS, AL 1 $185,000 $185,000
GREAT FALLS, MT 1 $175,000 $175,000
FORT SMITH, AR-OK 1 $165,000 $165,000
SIOUX CITY, IA-NE-SD 1 $155,000 $155,000
LAREDO, TX 1 $145,000 $145,000
WICHITA FALLS, TX 1 $145,000 $145,000
SAN ANGELO, TX 1 $135,000 $135,000
SEBRING-AVON PARK, FL 1 $135,000 $135,000
LAKE CHARLES, LA 1 $135,000 $135,000
OSHKOSH-NEENAH, WI 1 $125,000 $125,000
EL CENTRO, CA 1 $115,000 $115,000
HOT SPRINGS, AR 1 $85,000 $85,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 4 $1,620,000 $405,000
2.5-3% 209 $81,315,000 $389,067
3-4% 4,364 $1,526,600,000 $349,817
4-5% 2,272 $601,660,000 $264,815
5-6% 242 $52,140,000 $215,455
7-8% 2 $630,000 $315,000
Over 8% 3 $1,295,000 $431,667

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 59 $4,985,000 $84,492
$100k-200k 1,039 $164,275,000 $158,109
$200k-400k 4,281 $1,284,875,000 $300,134
$400k-600k 1,585 $720,435,000 $454,533
$600k-1000k 129 $87,295,000 $676,705
$Over $1MM 3 $3,395,000 $1,131,667

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 102 $28,570,000 $280,098
40-60% 788 $252,990,000 $321,053
60-80% 3,002 $981,970,000 $327,105
80-100% 3,168 $989,770,000 $312,427
Over 100% 33 $11,535,000 $349,545
Under 20% 3 $425,000 $141,667

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 2,265 $758,295,000 $334,788
$150k-250k 1,500 $574,340,000 $382,893
$50k-75k 992 $230,610,000 $232,470
$50k-or less 643 $172,525,000 $268,313
$75k-100k 1,343 $386,615,000 $287,874
$Over $250k 328 $135,850,000 $414,177

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 5,406 $1,688,690,000 $312,373
Not provided 794 $268,720,000 $338,438
Asian 430 $158,560,000 $368,744
Black 376 $119,280,000 $317,234
American Indian 55 $17,185,000 $312,455
Native Hawaiian 21 $7,555,000 $359,762
Asian Indian 3 $1,455,000 $485,000
Chinese 3 $1,205,000 $401,667
Vietnamese 3 $1,185,000 $395,000
Not applicable 2 $580,000 $290,000
Guamanian 1 $295,000 $295,000
Korean 1 $285,000 $285,000
Filipino 1 $265,000 $265,000

Approval Rates

Total approvals of all applications
92.55%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
67.09%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 7,096 $2,265,260,000 $319,231

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 5,438 $1,792,750,000 $329,671
$1k-2k 664 $194,050,000 $292,244
$2k-3k 379 $98,225,000 $259,169
$3k-4k 400 $107,630,000 $269,075
$5k+ 215 $72,605,000 $337,698

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 12 $1,820,000 $151,667
Single Family (1-4 Units):Site-Built 7,084 $2,263,440,000 $319,514