First Mortgage Solutions Rates, Fees & Info

LEES SUMMIT, MO

LEI: 549300V1JRN7CMTCF305

Tax ID: 20-8802502

5 stars - out of 5 stars, based on 61 reviews

2020 Data | 2019 Data | 2018 Data


Overview

First Mortgage Solutions is a small mortgage company specializing in Refi loans. First Mortgage Solutions has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Washington, Kansas City, Dallas, Atlanta, and Houston 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. First Mortgage Solutions is typically an average fee lendor.


Originations

3,735

Origination Dollar Volume (All Markets)

$1,421,625,000
Show all (62) awards

Relative Rate

First Mortgage Solutions 's average 30 year fixed rate mortgage of loans were 2.86%.

The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.

This yields a difference of -0.5%.

Relative Fees

First Mortgage Solutions 's average total fees for a 30 year fixed rate mortgage are $3,852.

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 $5,021.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) 530 $237,340,000 $447,811 $3,394 2.64%
KANSAS CITY, MO-KS (FHA|USDA|VA) 399 $108,995,000 $273,170 $2,907 3.00%
DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) 192 $74,310,000 $387,031 $4,393 2.72%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 190 $71,680,000 $377,263 $3,440 2.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 186 $71,180,000 $382,688 $4,446 2.70%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 137 $54,895,000 $400,693 $4,031 2.72%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 127 $49,185,000 $387,283 $4,472 2.70%
Outside of Metro Areas 131 $44,735,000 $341,489 $4,432 2.93%
SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) 99 $43,005,000 $434,394 $3,541 2.76%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 97 $35,435,000 $365,309 $3,405 2.81%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 69 $33,135,000 $480,217 $3,456 2.86%
LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) 71 $33,065,000 $465,704 $4,408 2.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 91 $33,045,000 $363,132 $3,783 2.63%
RALEIGH-CARY, NC (FHA|USDA|VA) 86 $32,900,000 $382,558 $3,984 2.78%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 71 $28,885,000 $406,831 $3,691 2.92%
CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) 74 $27,480,000 $371,351 $2,975 2.97%
OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) 52 $24,730,000 $475,577 $3,380 2.75%
RICHMOND, VA (FHA|USDA|VA) 60 $22,740,000 $379,000 $3,234 2.65%
FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) 58 $21,100,000 $363,793 $4,408 2.73%
ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) 37 $16,415,000 $443,649 $3,213 2.82%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 32 $15,760,000 $492,500 $2,938 2.74%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 37 $14,405,000 $389,324 $4,352 2.94%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 38 $14,350,000 $377,632 $3,429 2.95%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 40 $13,650,000 $341,250 $4,084 2.66%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 41 $13,575,000 $331,098 $4,622 2.94%
NEW BRUNSWICK-LAKEWOOD, NJ (FHA|USDA|VA) 26 $10,850,000 $417,308 $4,199 2.71%
NEWARK, NJ-PA (FHA|USDA|VA) 22 $9,300,000 $422,727 $4,630 2.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 26 $8,820,000 $339,231 $3,923 2.93%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 25 $8,675,000 $347,000 $4,429 2.71%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 16 $7,880,000 $492,500 $3,715 2.92%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ (FHA|USDA|VA) 17 $7,515,000 $442,059 $4,600 2.97%
COLORADO SPRINGS, CO (FHA|USDA|VA) 17 $7,095,000 $417,353 $3,520 2.71%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 18 $7,000,000 $388,889 $4,898 2.97%
JACKSONVILLE, FL (FHA|USDA|VA) 19 $6,585,000 $346,579 $5,601 2.88%
ASHEVILLE, NC (FHA|USDA|VA) 16 $5,960,000 $372,500 $3,348 2.91%
TACOMA-LAKEWOOD, WA (FHA|USDA|VA) 18 $5,950,000 $330,556 $4,407 2.65%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) 15 $5,865,000 $391,000 $4,142 2.84%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) 16 $5,660,000 $353,750 $4,133 2.68%
WINSTON-SALEM, NC (FHA|USDA|VA) 16 $5,650,000 $353,125 $2,808 2.76%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 14 $5,510,000 $393,571 $4,144 2.64%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) 11 $5,405,000 $491,364 $5,195 2.52%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) 15 $5,155,000 $343,667 $4,437 2.95%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 12 $5,030,000 $419,167 $4,000 2.91%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 13 $4,975,000 $382,692 $3,954 2.67%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 14 $4,800,000 $342,857 $4,890 2.79%
LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) 12 $4,350,000 $362,500 $3,047 2.96%
MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) 11 $4,285,000 $389,545 $3,419 2.83%
BOULDER, CO (FHA|USDA|VA) 9 $4,145,000 $460,556 $3,198 2.76%
WICHITA, KS (FHA|USDA|VA) 14 $4,090,000 $292,143 $2,994 2.79%
LAWRENCE, KS (FHA|USDA|VA) 14 $3,760,000 $268,571 $3,197 2.79%
NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) 9 $3,575,000 $397,222 $3,708 2.86%
FORT COLLINS, CO (FHA|USDA|VA) 9 $3,535,000 $392,778 $3,018 2.92%
SALEM, OR (FHA|USDA|VA) 10 $3,500,000 $350,000 $3,875 2.69%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 8 $3,210,000 $401,250 $4,459 3.20%
BEND, OR (FHA|USDA|VA) 8 $3,160,000 $395,000 $3,690 2.67%
SALINAS, CA (FHA|USDA|VA) 7 $3,095,000 $442,143 $2,209 2.79%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 8 $2,860,000 $357,500 $3,268 2.66%
CAMDEN, NJ (FHA|USDA|VA) 8 $2,710,000 $338,750 $5,339 3.03%
WILMINGTON, NC (FHA|USDA|VA) 9 $2,605,000 $289,444 $3,515 3.10%
KNOXVILLE, TN (FHA|USDA|VA) 8 $2,520,000 $315,000 $5,045 2.89%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 5 $2,515,000 $503,000 $2,715 2.93%
LYNCHBURG, VA (FHA|USDA|VA) 6 $2,440,000 $406,667 $2,462 2.63%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 7 $2,385,000 $340,714 $2,770 3.20%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 5 $2,385,000 $477,000 $3,402 2.73%
GAINESVILLE, GA (FHA|USDA|VA) 7 $2,365,000 $337,857 $2,606 2.75%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 7 $2,335,000 $333,571 $2,254 2.43%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $2,330,000 $388,333 $4,225 2.67%
GREELEY, CO (FHA|USDA|VA) 6 $2,320,000 $386,667 $2,372 2.65%
TOPEKA, KS (FHA|USDA|VA) 7 $2,245,000 $320,714 $4,525 2.96%
VALLEJO, CA (FHA|USDA|VA) 5 $2,165,000 $433,000 $8,436 3.03%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $2,015,000 $403,000 $5,966 3.00%
OCEAN CITY, NJ (FHA|USDA|VA) 5 $1,995,000 $399,000 $3,380 3.05%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 7 $1,975,000 $282,143 $3,274 2.77%
FRESNO, CA (FHA|USDA|VA) 5 $1,895,000 $379,000 $5,234 3.13%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 7 $1,885,000 $269,286 $3,977 2.66%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 5 $1,865,000 $373,000 $3,490 2.45%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $1,830,000 $305,000 $3,663 3.10%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $1,770,000 $295,000 $3,682 3.00%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $1,760,000 $440,000 $2,745 2.78%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $1,635,000 $327,000 $2,255 3.10%
MODESTO, CA (FHA|USDA|VA) 5 $1,625,000 $325,000 $3,876 3.60%
SAVANNAH, GA (FHA|USDA|VA) 5 $1,585,000 $317,000 $3,448 2.43%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 4 $1,560,000 $390,000 $4,925 2.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,485,000 $297,000 $2,934 2.85%
ELGIN, IL (FHA|USDA|VA) 5 $1,485,000 $297,000 $2,647 2.78%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 7 $1,435,000 $205,000 $4,227 3.27%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $1,410,000 $352,500 $4,583 2.91%
PHILADELPHIA, PA (FHA|USDA|VA) 3 $1,405,000 $468,333 $5,050 2.50%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $1,365,000 $455,000 $2,822 2.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $1,265,000 $253,000 $4,509 3.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,255,000 $418,333 $4,665 2.83%
SAN RAFAEL, CA (FHA|USDA|VA) 3 $1,225,000 $408,333 $8,452 2.79%
MEDFORD, OR (FHA|USDA|VA) 3 $1,215,000 $405,000 $2,850 2.58%
CORVALLIS, OR (FHA|USDA|VA) 3 $1,135,000 $378,333 $5,534 3.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $1,125,000 $375,000 $5,894 2.54%
SPRINGFIELD, MO (FHA|USDA|VA) 5 $1,075,000 $215,000 $3,699 3.23%
BRUNSWICK, GA (FHA|USDA|VA) 3 $1,035,000 $345,000 $3,105 2.79%
VISALIA, CA (FHA|USDA|VA) 3 $945,000 $315,000 $4,578 2.71%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $935,000 $311,667 $4,442 2.67%
THE VILLAGES, FL (FHA|USDA|VA) 3 $935,000 $311,667 $4,451 3.33%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $925,000 $308,333 $2,505 2.79%
GAINESVILLE, FL (FHA|USDA|VA) 2 $910,000 $455,000 $3,752 2.56%
COLUMBIA, MO (FHA|USDA|VA) 3 $905,000 $301,667 $2,553 3.13%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $895,000 $298,333 $4,282 2.63%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $885,000 $295,000 $2,985 2.67%
LONGVIEW, TX (FHA|USDA|VA) 3 $875,000 $291,667 $4,982 3.67%
PITTSBURGH, PA (FHA|USDA|VA) 2 $870,000 $435,000 $4,395 3.13%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $855,000 $285,000 $6,256 3.25%
MERCED, CA (FHA|USDA|VA) 3 $835,000 $278,333 $3,180 3.25%
PANAMA CITY, FL (FHA|USDA|VA) 2 $820,000 $410,000 $11,863 2.81%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $800,000 $400,000 $2,557 3.19%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $800,000 $400,000 $3,551 2.50%
EL PASO, TX (FHA|USDA|VA) 2 $780,000 $390,000 $3,676 2.56%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $780,000 $390,000 $6,049 2.50%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 3 $755,000 $251,667 $6,951 2.71%
LEWISTON, ID-WA (FHA|USDA|VA) 2 $730,000 $365,000 $7,006 2.56%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $730,000 $365,000 $2,474 3.00%
WENATCHEE, WA (FHA|USDA|VA) 2 $730,000 $365,000 $2,200 2.63%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $720,000 $360,000 $4,156 3.44%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $715,000 $238,333 $5,702 2.67%
MANHATTAN, KS (FHA|USDA|VA) 2 $690,000 $345,000 $3,057 2.75%
BURLINGTON, NC (FHA|USDA|VA) 2 $680,000 $340,000 $5,064 3.00%
HINESVILLE, GA (FHA|USDA|VA) 2 $630,000 $315,000 $6,076 3.13%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $620,000 $310,000 $3,649 2.94%
MIDLAND, TX (FHA|USDA|VA) 2 $580,000 $290,000 $3,949 2.44%
STOCKTON, CA (FHA|USDA|VA) 1 $515,000 $515,000 $2,189 2.75%
STAUNTON, VA (FHA|USDA|VA) 1 $475,000 $475,000 $4,872 2.88%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $460,000 $230,000 $6,357 3.00%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $455,000 $455,000 $2,905 2.38%
WACO, TX (FHA|USDA|VA) 1 $455,000 $455,000 $2,286 2.50%
NAPA, CA (FHA|USDA|VA) 1 $455,000 $455,000 $2,264 3.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $445,000 $445,000 $5,242 2.13%
OCALA, FL (FHA|USDA|VA) 2 $430,000 $215,000 $4,584 2.94%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $395,000 $395,000 $4,630 3.00%
ODESSA, TX (FHA|USDA|VA) 1 $365,000 $365,000 $4,016 3.00%
LONGVIEW, WA (FHA|USDA|VA) 1 $365,000 $365,000 $1,399 2.75%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $355,000 $355,000 $15,306 3.38%
GOLDSBORO, NC (FHA|USDA|VA) 1 $355,000 $355,000 $2,456 2.25%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $350,000 $175,000 $5,635 3.25%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $345,000 $345,000 $2,287 2.88%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $345,000 $345,000 $3,835 2.88%
HARRISONBURG, VA (FHA|USDA|VA) 1 $335,000 $335,000 $9,415 4.00%
ERIE, PA (FHA|USDA|VA) 1 $325,000 $325,000 $10,032 3.63%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $315,000 $315,000 $3,199 2.75%
AMARILLO, TX (FHA|USDA|VA) 1 $315,000 $315,000 $2,892 2.13%
READING, PA (FHA|USDA|VA) 1 $295,000 $295,000 $3,632 2.63%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $295,000 $295,000 $3,255 3.13%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $295,000 $295,000 $3,473 3.13%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $295,000 $295,000 $4,036 3.50%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $285,000 $285,000 $9,196 2.25%
CHICO, CA (FHA|USDA|VA) 1 $275,000 $275,000 $2,117 2.88%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $265,000 $265,000 $3,447 2.88%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $6,554 3.63%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $265,000 $265,000 $3,698 3.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $255,000 $255,000 $2,324 3.00%
VICTORIA, TX (FHA|USDA|VA) 1 $255,000 $255,000 $2,781 2.50%
PUEBLO, CO (FHA|USDA|VA) 1 $255,000 $255,000 $6,925 3.63%
COLUMBIA, SC (FHA|USDA|VA) 1 $255,000 $255,000 $6,066 2.25%
GETTYSBURG, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,447 3.63%
ABILENE, TX (FHA|USDA|VA) 1 $225,000 $225,000 $8,124 3.50%
ROANOKE, VA (FHA|USDA|VA) 1 $225,000 $225,000 $700 2.25%
LEBANON, PA (FHA|USDA|VA) 1 $205,000 $205,000 $5,621 2.75%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,145 4.63%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,776 3.88%
PEORIA, IL (FHA|USDA|VA) 1 $195,000 $195,000 $2,846 3.25%
DALTON, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,129 3.50%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $145,000 $145,000 $3,115 3.50%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $125,000 $125,000 $4,069 3.50%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $95,000 $95,000 $5,346 3.63%

First Mortgage Solutions 's top markets include Washington, Kansas City, Dallas, Atlanta, and Houston among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,085 $1,183,415,000 $383,603 $3,472 2.82%
VA 542 $210,210,000 $387,841 $4,603 2.58%
FHA 99 $26,785,000 $270,556 $8,522 3.33%
USDA 9 $1,215,000 $135,000 $3,978 3.22%

For the 2020 period, First Mortgage Solutions 's most frequently originated loan type of loans were Conventional, with 3,085 originations. Their 2nd most popular type is VA, with 542 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 2,652 $1,026,360,000 $387,014 $3,201 2.72%
Cash Out Refi 663 $251,835,000 $379,842 $4,892 2.92%
Home Purchase 420 $143,430,000 $341,500 $5,595 3.10%

For the 2020, First Mortgage Solutions 's most frequently cited loan purpose of loans were Refi, with 2,652 originations. The 2nd most popular reason of loans were Cash Out Refi, with 663 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,804 $1,071,180,000 $382,019 $3,852 2.86%
15 Year 640 $242,460,000 $378,844 $3,574 2.51%
20 Year 209 $79,245,000 $379,163 $3,385 2.83%
10 Year 49 $16,475,000 $336,224 $3,286 2.48%
Other 33 $12,265,000 $371,667 $3,751 2.86%

For the 2020, First Mortgage Solutions 's most frequently cited loan length of loans were 30 Year, with 2,804 originations. The 2nd most popular length of loans were 15 Year, with 640 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 2,324 $905,610,000 $389,677
$1k-2k 724 $258,200,000 $356,630
$2k-3k 308 $112,100,000 $363,961
$3k-4k 245 $89,785,000 $366,469
$5k+ 134 $55,930,000 $417,388

$3,852 of loans were First Mortgage Solutions 's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,324 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,830 $712,940,000 $389,585
<2.5% 1,152 $469,270,000 $407,352
3-4% 701 $226,675,000 $323,359
4-5% 44 $10,720,000 $243,636
5-6% 8 $2,020,000 $252,500

During 2020, First Mortgage Solutions 's average interest rate of loans were 2.86%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,830 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,821 $570,425,000 $313,248 $3,704 2.82%
$400k-600k 1,557 $733,675,000 $471,211 $3,764 2.70%
$100k-200k 232 $37,970,000 $163,664 $3,324 3.24%
$600k-1MM 98 $68,990,000 $703,980 $5,041 2.76%
$100,000 or less 21 $1,775,000 $84,524 $2,972 3.70%
$1MM+ 6 $8,790,000 $1,465,000 $24,952 2.67%

2020 saw First Mortgage Solutions place emphasis on $200k-400k loans with 1,821 originations, totaling $570,425,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 1,152 $481,780,000 $418,212 $3,756 2.76%
$100k-150k 1,102 $417,410,000 $378,775 $3,769 2.84%
$50k or less 410 $142,010,000 $346,366 $2,914 2.59%
$75k-100k 407 $133,275,000 $327,457 $4,279 2.92%
$250k+ 386 $175,380,000 $454,352 $4,026 2.69%
$50k-75k 275 $70,745,000 $257,255 $4,028 3.04%

First Mortgage Solutions lent most frequently to those with incomes in the $150k-250k range, with 1,152 originations. The second most popular income band? $100k-150k, with 1,102 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,027 $393,885,000 $383,530 $3,503 2.78%
<20% 727 $270,465,000 $372,029 $3,110 2.62%
30-36% 658 $249,870,000 $379,742 $3,723 2.86%
41% 107 $40,585,000 $379,299 $3,615 2.92%
39% 106 $39,500,000 $372,642 $3,913 2.92%
42% 105 $39,505,000 $376,238 $4,259 2.89%
40% 104 $38,800,000 $373,077 $3,968 2.79%
43% 100 $38,250,000 $382,500 $3,935 2.84%
38% 98 $38,720,000 $395,102 $4,428 2.81%
44% 91 $32,395,000 $355,989 $4,148 2.97%
37% 90 $35,550,000 $395,000 $3,825 2.84%
46% 86 $36,200,000 $420,930 $4,637 2.85%
36% 86 $34,050,000 $395,930 $3,846 2.88%
47% 71 $27,835,000 $392,042 $4,047 2.88%
45% 70 $28,230,000 $403,286 $4,767 2.87%
48% 67 $24,295,000 $362,612 $4,981 3.00%
49% 66 $23,950,000 $362,879 $4,431 2.89%
50-60% 58 $21,500,000 $370,690 $8,935 3.07%
>60% 15 $7,015,000 $467,667 $4,363 2.38%

First Mortgage Solutions lent most frequently to those with DTI ratios of 20-30%, with 1,027 originations. The next most common DTI ratio? <20%, with 727 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,248 $826,590,000 $367,700 $3,743 2.83%
Not provided 1,011 $405,955,000 $401,538 $3,834 2.75%
Asian 379 $154,965,000 $408,879 $3,537 2.72%
Black 71 $24,465,000 $344,577 $4,441 2.88%
American Indian 15 $5,825,000 $388,333 $5,481 3.03%
Native Hawaiian 7 $2,015,000 $287,857 $5,168 3.05%
Asian Indian 4 $1,810,000 $452,500 $4,500 2.53%

Approval Rates

Total approvals of all applications
94.35%

First Mortgage Solutions has an average approval rate.

Pick Rate

Approvals leading to origination
50.32%

First Mortgage Solutions 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 3,735 $1,421,625,000 $380,622

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Site-Built 3,735 $1,421,625,000 $380,622

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 144 $50,720,000 $352,222 $3,439 2.68%
40-60% 922 $360,330,000 $390,813 $3,326 2.69%
60-80% 1,888 $733,740,000 $388,633 $3,571 2.80%
80-100% 746 $263,610,000 $353,365 $4,550 2.94%
Over 100% 29 $10,955,000 $377,759 $12,445 2.80%
Under 20% 3 $1,245,000 $415,000 $7,281 2.58%