First Mortgage Solutions Rates, Fees & Info

LEES SUMMIT, MO

LEI: 549300V1JRN7CMTCF305

Tax ID: 20-8802502

5 stars - out of 5 stars, based on 64 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    First Mortgage Solutions is a small mortgage company specializing in Refi, Cash Out Refi, and Home Purchase 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.) Their top markets by origination volume include: Washington, Dallas, Houston, Seattle, and Denver among others. We have data for 220 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Mortgage Solutions has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Mortgage Solutions is typically an average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.55% 11/26/22
    30 Year Conventional Refi 6.47% 11/26/22
    30 Year Cash-out Refi 6.59% 11/26/22
    30 Year FHA Purchase 7.47% 11/26/22
    30 Year FHA Refi 7.11% 11/26/22
    30 Year VA Purchase 6.04% 11/26/22
    30 Year VA Refi 6.05% 11/26/22
    30 Year USDA Purchase 6.61% 11/26/22
    15 Year Conventional Purchase 5.79% 11/26/22
    15 Year Conventional Refi 5.81% 11/26/22
    15 Year Cash-out Refi 5.81% 11/26/22
    15 Year VA Purchase 5.50% 11/26/22
    15 Year VA Refi 5.74% 11/26/22
    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.


    Originations

    4,100

    Origination Dollar Volume (All Markets)

    $1,604,830,000
    Show all (82) awards

    Relative Rate

    First Mortgage Solutions's average 30 year fixed mortgage rate was 2.76%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.39%.

    Relative Fees (Closing Costs)

    First Mortgage Solutions's average total fees/closing costs for a 30 year fixed rate mortgage were $3,661.

    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 $4,750.

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 629 $291,385,000 $463,251 $2,946 2.53%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 304 $105,160,000 $345,921 $4,076 2.61%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 236 $85,700,000 $363,136 $4,130 2.61%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 160 $80,690,000 $504,313 $4,131 2.71%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 187 $78,615,000 $420,401 $2,854 2.67%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 254 $74,780,000 $294,409 $2,440 2.81%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 169 $61,755,000 $365,414 $4,034 2.65%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 108 $55,180,000 $510,926 $3,243 2.81%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 97 $43,935,000 $452,938 $3,694 2.53%
    RICHMOND, VA (FHA|USDA|VA) 110 $39,140,000 $355,818 $2,343 2.64%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 99 $38,525,000 $389,141 $3,660 2.73%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 95 $31,375,000 $330,263 $3,294 2.66%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 83 $31,255,000 $376,566 $3,328 2.69%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 58 $29,500,000 $508,621 $3,309 2.78%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 69 $26,765,000 $387,899 $3,576 2.77%
    Outside of Metro Areas 62 $22,420,000 $361,613 $4,198 2.60%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 58 $21,480,000 $370,345 $4,160 2.69%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 58 $21,450,000 $369,828 $3,194 2.67%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 67 $21,085,000 $314,701 $3,972 2.56%
    RALEIGH-CARY, NC (FHA|USDA|VA) 50 $19,670,000 $393,400 $2,782 2.60%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 47 $19,045,000 $405,213 $4,103 2.49%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 47 $18,885,000 $401,809 $4,279 2.73%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 48 $17,190,000 $358,125 $4,546 2.75%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 39 $17,025,000 $436,538 $3,259 2.60%
    BOULDER, CO (FHA|USDA|VA) 33 $15,485,000 $469,242 $3,498 2.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 32 $11,500,000 $359,375 $2,445 2.63%
    BOISE CITY, ID (FHA|USDA|VA) 31 $11,105,000 $358,226 $4,350 2.85%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 26 $10,700,000 $411,538 $2,750 2.72%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 31 $10,635,000 $343,065 $2,329 2.58%
    FORT COLLINS, CO (FHA|USDA|VA) 24 $10,090,000 $420,417 $2,458 2.61%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 25 $9,815,000 $392,600 $3,498 2.58%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 26 $9,810,000 $377,308 $3,687 2.93%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 27 $9,505,000 $352,037 $4,699 2.57%
    JACKSONVILLE, FL (FHA|USDA|VA) 24 $8,630,000 $359,583 $4,035 2.47%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 22 $8,050,000 $365,909 $2,347 2.98%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 15 $7,145,000 $476,333 $3,339 2.61%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 17 $6,555,000 $385,588 $3,763 2.63%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 16 $6,240,000 $390,000 $3,154 2.79%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 16 $5,610,000 $350,625 $3,789 2.80%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 13 $5,215,000 $401,154 $6,670 2.63%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 14 $4,970,000 $355,000 $4,243 2.69%
    PITTSBURGH, PA (FHA|USDA|VA) 11 $4,305,000 $391,364 $5,302 2.68%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 9 $4,175,000 $463,889 $2,847 2.72%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 9 $3,975,000 $441,667 $4,766 2.44%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 8 $3,840,000 $480,000 $2,893 2.69%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 9 $3,665,000 $407,222 $3,128 2.71%
    ROANOKE, VA (FHA|USDA|VA) 13 $3,465,000 $266,538 $2,387 2.68%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 9 $3,415,000 $379,444 $2,882 2.74%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 9 $3,215,000 $357,222 $3,515 2.83%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 7 $3,185,000 $455,000 $4,202 2.50%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 8 $3,050,000 $381,250 $3,549 2.72%
    BEND, OR (FHA|USDA|VA) 8 $3,010,000 $376,250 $3,207 2.81%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 8 $2,970,000 $371,250 $3,852 2.69%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 7 $2,955,000 $422,143 $3,293 2.43%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 8 $2,810,000 $351,250 $4,723 2.72%
    WICHITA, KS (FHA|USDA|VA) 9 $2,765,000 $307,222 $2,450 2.79%
    ASHEVILLE, NC (FHA|USDA|VA) 10 $2,760,000 $276,000 $4,567 2.92%
    SALEM, OR (FHA|USDA|VA) 7 $2,715,000 $387,857 $4,411 2.53%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 8 $2,680,000 $335,000 $3,674 2.77%
    WINSTON-SALEM, NC (FHA|USDA|VA) 8 $2,630,000 $328,750 $2,336 2.67%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 5 $2,475,000 $495,000 $3,039 2.38%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 7 $2,455,000 $350,714 $4,101 2.71%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 7 $2,365,000 $337,857 $5,757 2.21%
    COLUMBIA, SC (FHA|USDA|VA) 5 $2,325,000 $465,000 $8,794 2.40%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 7 $2,295,000 $327,857 $3,128 2.57%
    GREELEY, CO (FHA|USDA|VA) 5 $2,275,000 $455,000 $5,325 2.65%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 5 $2,265,000 $453,000 $3,130 2.38%
    EL PASO, TX (FHA|USDA|VA) 7 $2,215,000 $316,429 $3,077 2.59%
    Breckenridge, CO (FHA|USDA|VA) 5 $2,125,000 $425,000 $3,970 2.55%
    VALLEJO, CA (FHA|USDA|VA) 5 $2,055,000 $411,000 $2,640 2.30%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 6 $2,050,000 $341,667 $4,366 2.54%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 5 $2,035,000 $407,000 $2,526 2.38%
    Edwards, CO (FHA|USDA|VA) 3 $2,015,000 $671,667 $2,094 2.50%
    GAINESVILLE, GA (FHA|USDA|VA) 5 $2,005,000 $401,000 $2,744 2.55%
    THE VILLAGES, FL (FHA|USDA|VA) 5 $1,995,000 $399,000 $3,123 2.52%
    FAYETTEVILLE, NC (FHA|USDA|VA) 6 $1,950,000 $325,000 $7,093 2.40%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $1,915,000 $383,000 $3,024 2.60%
    MIDLAND, TX (FHA|USDA|VA) 6 $1,840,000 $306,667 $3,821 2.60%
    Sandpoint, ID (FHA|USDA|VA) 4 $1,790,000 $447,500 $6,692 2.72%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 4 $1,760,000 $440,000 $2,756 2.59%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 5 $1,755,000 $351,000 $6,511 2.55%
    HARRISONBURG, VA (FHA|USDA|VA) 5 $1,745,000 $349,000 $5,858 2.65%
    FRESNO, CA (FHA|USDA|VA) 5 $1,725,000 $345,000 $1,904 2.55%
    BELLINGHAM, WA (FHA|USDA|VA) 4 $1,680,000 $420,000 $3,829 2.75%
    Newport, OR (FHA|USDA|VA) 4 $1,680,000 $420,000 $7,389 2.72%
    MODESTO, CA (FHA|USDA|VA) 4 $1,660,000 $415,000 $2,520 2.69%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $1,660,000 $276,667 $5,729 2.48%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 5 $1,645,000 $329,000 $2,679 2.87%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,630,000 $407,500 $2,131 2.40%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 7 $1,595,000 $227,857 $2,888 2.75%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 4 $1,540,000 $385,000 $7,656 2.84%
    LYNCHBURG, VA (FHA|USDA|VA) 5 $1,525,000 $305,000 $1,375 2.53%
    Glenwood Springs, CO (FHA|USDA|VA) 3 $1,495,000 $498,333 $4,208 2.50%
    Morehead City, NC (FHA|USDA|VA) 4 $1,480,000 $370,000 $7,343 2.34%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 3 $1,395,000 $465,000 $2,828 2.37%
    WINCHESTER, VA-WV (FHA|USDA|VA) 5 $1,395,000 $279,000 $1,386 2.53%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $1,370,000 $342,500 $5,723 2.81%
    AMARILLO, TX (FHA|USDA|VA) 4 $1,350,000 $337,500 $3,199 2.47%
    MANHATTAN, KS (FHA|USDA|VA) 4 $1,310,000 $327,500 $1,951 2.44%
    TYLER, TX (FHA|USDA|VA) 4 $1,310,000 $327,500 $3,649 2.78%
    LONGVIEW, TX (FHA|USDA|VA) 4 $1,300,000 $325,000 $5,019 2.66%
    Granbury, TX (FHA|USDA|VA) 4 $1,280,000 $320,000 $3,483 2.75%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $1,250,000 $312,500 $2,909 2.44%
    Kill Devil Hills, NC (FHA|USDA|VA) 4 $1,240,000 $310,000 $4,056 2.78%
    Hood River, OR (FHA|USDA|VA) 3 $1,235,000 $411,667 $2,817 2.42%
    WILMINGTON, NC (FHA|USDA|VA) 3 $1,235,000 $411,667 $3,340 2.58%
    TOPEKA, KS (FHA|USDA|VA) 5 $1,185,000 $237,000 $2,799 2.67%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $1,175,000 $391,667 $2,719 2.75%
    MEDFORD, OR (FHA|USDA|VA) 3 $1,175,000 $391,667 $3,105 2.67%
    Sevierville, TN (FHA|USDA|VA) 3 $1,165,000 $388,333 $1,953 2.71%
    Ottawa, KS (FHA|USDA|VA) 5 $1,165,000 $233,000 $3,252 3.10%
    Outside of Metro Areas 3 $1,135,000 $378,333 $3,071 2.96%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $1,120,000 $280,000 $3,254 2.44%
    GAINESVILLE, FL (FHA|USDA|VA) 3 $1,065,000 $355,000 $3,253 2.62%
    Jefferson, GA (FHA|USDA|VA) 3 $1,065,000 $355,000 $2,018 2.54%
    Key West, FL (FHA|USDA|VA) 2 $1,050,000 $525,000 $7,250 2.93%
    STAUNTON, VA (FHA|USDA|VA) 4 $1,040,000 $260,000 $2,589 2.91%
    WACO, TX (FHA|USDA|VA) 3 $1,015,000 $338,333 $2,747 2.50%
    COLUMBIA, MO (FHA|USDA|VA) 3 $995,000 $331,667 $1,829 2.42%
    Roseburg, OR (FHA|USDA|VA) 2 $990,000 $495,000 $7,279 2.38%
    NEW BERN, NC (FHA|USDA|VA) 3 $985,000 $328,333 $8,751 2.58%
    CORVALLIS, OR (FHA|USDA|VA) 3 $975,000 $325,000 $4,714 2.54%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $975,000 $325,000 $5,838 2.42%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $955,000 $318,333 $2,692 2.71%
    SPRINGFIELD, MO (FHA|USDA|VA) 3 $925,000 $308,333 $2,738 2.92%
    BAKERSFIELD, CA (FHA|USDA|VA) 3 $905,000 $301,667 $2,096 3.16%
    KNOXVILLE, TN (FHA|USDA|VA) 4 $900,000 $225,000 $5,289 2.91%
    Del Rio, TX (FHA|USDA|VA) 3 $895,000 $298,333 $8,992 2.33%
    Rolla, MO (FHA|USDA|VA) 2 $890,000 $445,000 $1,712 2.19%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $880,000 $440,000 $3,957 2.94%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $865,000 $288,333 $2,922 2.96%
    LONGVIEW, WA (FHA|USDA|VA) 2 $850,000 $425,000 $1,946 2.25%
    Prineville, OR (FHA|USDA|VA) 2 $850,000 $425,000 $6,367 2.31%
    Danville, VA (FHA|USDA|VA) 2 $840,000 $420,000 $2,233 2.19%
    LAWRENCE, KS (FHA|USDA|VA) 3 $785,000 $261,667 $1,617 2.92%
    Torrington, CT (FHA|USDA|VA) 2 $780,000 $390,000 $2,946 2.19%
    Bay City, TX (FHA|USDA|VA) 3 $735,000 $245,000 $7,390 2.54%
    Garden City, KS (FHA|USDA|VA) 3 $735,000 $245,000 $2,944 2.92%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 3 $715,000 $238,333 $3,249 2.83%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $700,000 $350,000 $3,278 2.75%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 3 $645,000 $215,000 $3,467 2.63%
    Stephenville, TX (FHA|USDA|VA) 2 $580,000 $290,000 $2,918 2.88%
    Shelton, WA (FHA|USDA|VA) 2 $570,000 $285,000 $3,132 2.50%
    OCALA, FL (FHA|USDA|VA) 2 $560,000 $280,000 $2,567 2.44%
    Cornelia, GA (FHA|USDA|VA) 1 $545,000 $545,000 $10,572 2.25%
    Georgetown, SC (FHA|USDA|VA) 1 $535,000 $535,000 $10,805 2.25%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $510,000 $255,000 $3,338 2.75%
    VICTORIA, TX (FHA|USDA|VA) 2 $490,000 $245,000 $4,982 2.56%
    STOCKTON, CA (FHA|USDA|VA) 2 $490,000 $245,000 $2,119 3.38%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $485,000 $485,000 $20,340 2.25%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $470,000 $235,000 $2,475 3.31%
    YAKIMA, WA (FHA|USDA|VA) 1 $465,000 $465,000 $2,206 2.00%
    Corsicana, TX (FHA|USDA|VA) 1 $465,000 $465,000 $3,836 2.75%
    VALDOSTA, GA (FHA|USDA|VA) 1 $455,000 $455,000 $3,422 2.75%
    GREENVILLE, NC (FHA|USDA|VA) 1 $445,000 $445,000 $1,721 2.75%
    Shelby, NC (FHA|USDA|VA) 1 $445,000 $445,000 $3,570 2.75%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $435,000 $435,000 $3,083 2.88%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $435,000 $435,000 $2,137 2.25%
    Ellensburg, WA (FHA|USDA|VA) 1 $435,000 $435,000 $1,526 2.88%
    Boone, NC (FHA|USDA|VA) 1 $425,000 $425,000 $2,836 3.25%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $415,000 $415,000 $3,027 3.00%
    Dayton, TN (FHA|USDA|VA) 1 $405,000 $405,000 $5,024 2.63%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $405,000 $405,000 $3,375 2.88%
    Gainesville, TX (FHA|USDA|VA) 1 $395,000 $395,000 $3,277 2.75%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $395,000 $395,000 $2,968 2.75%
    LANCASTER, PA (FHA|USDA|VA) 1 $395,000 $395,000 $4,473 1.99%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $395,000 $395,000 $1,204 2.75%
    LUBBOCK, TX (FHA|USDA|VA) 1 $385,000 $385,000 $8,745 2.63%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $375,000 $375,000 $3,402 2.75%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $355,000 $355,000 $3,135 2.63%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $355,000 $355,000 $5,675 2.37%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $355,000 $355,000 $4,094 2.38%
    Sikeston, MO (FHA|USDA|VA) 1 $355,000 $355,000 $3,312 2.13%
    Cambridge, MD (FHA|USDA|VA) 1 $345,000 $345,000 $1,184 2.13%
    Warrensburg, MO (FHA|USDA|VA) 2 $340,000 $170,000 $1,935 2.38%
    Centralia, WA (FHA|USDA|VA) 1 $335,000 $335,000 $2,724 2.88%
    Sedalia, MO (FHA|USDA|VA) 1 $335,000 $335,000 $8,330 2.37%
    ODESSA, TX (FHA|USDA|VA) 1 $325,000 $325,000 $3,986 2.63%
    Albemarle, NC (FHA|USDA|VA) 1 $325,000 $325,000 $2,661 3.25%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $325,000 $325,000 $3,036 2.50%
    SAVANNAH, GA (FHA|USDA|VA) 1 $315,000 $315,000 $1,826 2.38%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,745 2.63%
    JACKSONVILLE, NC (FHA|USDA|VA) 2 $310,000 $155,000 $1,563 2.56%
    CaƱon City, CO (FHA|USDA|VA) 1 $295,000 $295,000 $5,559 2.38%
    JACKSON, TN (FHA|USDA|VA) 1 $295,000 $295,000 $6,924 3.25%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $295,000 $295,000 $2,211 2.25%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $295,000 $295,000 $2,588 2.25%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $295,000 $295,000 $2,267 2.25%
    Moultrie, GA (FHA|USDA|VA) 1 $295,000 $295,000 $3,165 2.88%
    Seneca, SC (FHA|USDA|VA) 1 $285,000 $285,000 $2,399 2.50%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $285,000 $285,000 $1,390 2.25%
    Forest City, NC (FHA|USDA|VA) 1 $285,000 $285,000 $2,090 2.63%
    CLEVELAND, TN (FHA|USDA|VA) 1 $285,000 $285,000 $12,159 2.25%
    Huntsville, TX (FHA|USDA|VA) 1 $275,000 $275,000 $7,114 2.25%
    PUEBLO, CO (FHA|USDA|VA) 1 $275,000 $275,000 $2,199 2.25%
    Durango, CO (FHA|USDA|VA) 1 $275,000 $275,000 $2,854 2.88%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $275,000 $275,000 $8,338 2.50%
    POCATELLO, ID (FHA|USDA|VA) 1 $265,000 $265,000 $2,437 2.13%
    Oak Harbor, WA (FHA|USDA|VA) 1 $265,000 $265,000 $2,402 2.88%
    Newberry, SC (FHA|USDA|VA) 1 $255,000 $255,000 $1,902 2.00%
    Ontario, OR-ID (FHA|USDA|VA) 1 $255,000 $255,000 $2,288 2.25%
    SALINAS, CA (FHA|USDA|VA) 1 $255,000 $255,000 $5,023 3.50%
    Red Bluff, CA (FHA|USDA|VA) 1 $245,000 $245,000 $2,093 2.25%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $245,000 $245,000 $3,003 2.88%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $245,000 $245,000 $2,055 2.25%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $245,000 $245,000 $2,695 3.12%
    Mountain Home, ID (FHA|USDA|VA) 1 $245,000 $245,000 $2,972 2.99%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $245,000 $245,000 $10,552 2.50%
    Bluefield, WV-VA (FHA|USDA|VA) 1 $235,000 $235,000 $2,319 3.13%
    ABILENE, TX (FHA|USDA|VA) 1 $225,000 $225,000 $1,636 2.75%
    ROME, GA (FHA|USDA|VA) 1 $205,000 $205,000 $1,432 2.63%
    LINCOLN, NE (FHA|USDA|VA) 1 $205,000 $205,000 $5,546 3.25%
    FLORENCE, SC (FHA|USDA|VA) 1 $185,000 $185,000 $2,778 3.38%
    Bainbridge, GA (FHA|USDA|VA) 1 $185,000 $185,000 $6,293 3.38%
    Emporia, KS (FHA|USDA|VA) 1 $155,000 $155,000 $2,049 2.63%
    Port Angeles, WA (FHA|USDA|VA) 1 $155,000 $155,000 $1,717 3.25%
    ROCKFORD, IL (FHA|USDA|VA) 1 $145,000 $145,000 $4,848 2.88%
    Moberly, MO (FHA|USDA|VA) 1 $135,000 $135,000 $1,488 3.50%
    Pullman, WA (FHA|USDA|VA) 1 $135,000 $135,000 $3,003 2.75%
    Salina, KS (FHA|USDA|VA) 1 $125,000 $125,000 $955 2.25%
    First Mortgage Solutions's top markets include Washington, Dallas, Houston, Seattle, and Denver among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,550 $1,377,640,000 $388,068 $3,131 2.70%
    VA 506 $215,500,000 $425,889 $5,686 2.27%
    FHA 44 $11,690,000 $265,682 $6,755 2.84%

    For 2021, First Mortgage Solutions's most frequently originated type of loan was Conventional, with 3,550 originations. Their 2nd most popular type was VA, with 506 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,923 $722,365,000 $375,645 $2,725 2.54%
    Cash Out Refi 1,209 $482,125,000 $398,780 $3,700 2.74%
    Home Purchase 968 $400,340,000 $413,574 $4,726 2.74%

    For 2021, First Mortgage Solutions's most frequently cited loan purpose was Refi, with 1,923 originations. The 2nd most popular reason was Cash Out Refi, with 1,209 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,082 $1,224,500,000 $397,307 $3,661 2.76%
    15 Year 637 $238,105,000 $373,791 $3,070 2.24%
    20 Year 242 $92,710,000 $383,099 $2,818 2.54%
    10 Year 108 $39,210,000 $363,056 $2,526 2.01%
    Other 31 $10,305,000 $332,419 $3,067 2.68%

    For 2021, First Mortgage Solutions's most frequently cited loan duration was 30 Year, with 3,082 originations. The 2nd most popular length was 15 Year, with 637 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,156 $1,241,880,000 $393,498
    $1k-2k 450 $161,230,000 $358,289
    $2k-3k 195 $74,265,000 $380,846
    $5k+ 150 $70,810,000 $472,067
    $3k-4k 89 $33,155,000 $372,528
    $4k-5k 60 $23,490,000 $391,500

    First Mortgage Solutions's average total fees were $3,661, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,156 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,902 $748,440,000 $393,502
    <2.5% 1,673 $688,955,000 $411,808
    3-4% 515 $165,185,000 $320,748
    4-5% 10 $2,250,000 $225,000

    During 2021, First Mortgage Solutions's average interest rate for loans was 2.76%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,902 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,966 $596,910,000 $303,616 $3,217 2.66%
    $400k-600k 1,602 $773,850,000 $483,052 $3,695 2.56%
    $100k-200k 266 $43,910,000 $165,075 $2,451 3.02%
    $600k-1MM 250 $178,110,000 $712,440 $5,038 2.65%
    $1MM+ 10 $11,510,000 $1,151,000 $11,866 2.40%
    $100,000 or less 6 $540,000 $90,000 $2,304 3.31%

    2021 saw First Mortgage Solutions place emphasis on $200k-400k loans with 1,966 originations, totaling $596,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,229 $527,975,000 $429,597 $3,564 2.64%
    $100k-150k 1,223 $477,265,000 $390,241 $3,561 2.67%
    $75k-100k 562 $182,130,000 $324,075 $3,500 2.70%
    $250k+ 511 $240,145,000 $469,951 $3,516 2.62%
    $50k-75k 292 $80,330,000 $275,103 $3,239 2.78%
    $50k or less 283 $96,985,000 $342,703 $2,980 2.39%

    First Mortgage Solutions lent most frequently to those with incomes in the $150k-250k range, with 1,229 originations. The second most popular income band? $100k-150k, with 1,223 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,006 $394,020,000 $391,670 $3,102 2.63%
    30-36% 796 $310,100,000 $389,573 $3,485 2.67%
    <20% 371 $136,325,000 $367,453 $3,064 2.57%
    >60% 221 $85,515,000 $386,946 $3,026 2.21%
    39% 151 $61,525,000 $407,450 $3,516 2.71%
    43% 150 $55,240,000 $368,267 $3,148 2.78%
    41% 144 $53,770,000 $373,403 $3,502 2.74%
    38% 138 $56,310,000 $408,043 $3,801 2.61%
    37% 129 $51,325,000 $397,868 $3,901 2.69%
    44% 127 $51,105,000 $402,402 $3,784 2.73%
    40% 119 $48,275,000 $405,672 $3,654 2.76%
    42% 117 $48,545,000 $414,915 $3,686 2.80%
    49% 115 $46,085,000 $400,739 $4,023 2.75%
    36% 109 $42,215,000 $387,294 $3,596 2.70%
    45% 97 $38,655,000 $398,505 $4,301 2.77%
    47% 88 $34,450,000 $391,477 $4,077 2.77%
    46% 88 $35,700,000 $405,682 $4,039 2.73%
    48% 79 $30,845,000 $390,443 $4,112 2.66%
    50-60% 55 $24,825,000 $451,364 $7,201 2.39%

    First Mortgage Solutions lent most frequently to those with DTI ratios of 20-30%, with 1,006 originations. The next most common DTI ratio? 30-36%, with 796 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,344 $907,570,000 $387,189 $3,541 2.63%
    Not provided 1,190 $469,370,000 $394,429 $3,436 2.68%
    Asian 418 $172,530,000 $412,751 $3,178 2.63%
    Black 101 $37,525,000 $371,535 $3,470 2.65%
    American Indian 35 $14,185,000 $405,286 $4,864 2.67%
    Native Hawaiian or Islander 7 $2,065,000 $295,000 $3,908 2.71%
    Asian Indian 4 $1,230,000 $307,500 $3,782 3.09%
    Korean 1 $355,000 $355,000 $6,618 2.75%

    Approval Rates

    Total approvals of all applications
    90.03%

    First Mortgage Solutions has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.15%

    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 4,100 $1,604,830,000 $391,422

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,100 $1,604,830,000 $391,422

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 215 $71,855,000 $334,209 $2,791 2.63%
    40-60% 984 $371,820,000 $377,866 $2,773 2.53%
    60-80% 1,932 $770,710,000 $398,918 $3,286 2.70%
    80-100% 931 $375,355,000 $403,174 $4,426 2.67%
    Over 100% 31 $12,615,000 $406,935 $15,011 2.35%
    Under 20% 7 $2,475,000 $353,571 $3,517 2.37%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    First Mortgage Solutions Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    First Mortgage Solutions Conventional home mortgage Closing on a mortgage 3 75.0%