First Mortgage Solutions Rates, Fees & Info
LEES SUMMIT, MOLEI: 549300V1JRN7CMTCF305
Tax ID: 20-8802502
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Mortgage Data
Review & 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 by origination volume include: Washington, Kansas City, Dallas, Atlanta, and Houston among others. We have data for 200 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 a low 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 | 6.32% | 11/22/24 |
| 30 Year Conventional Refi | 6.09% | 11/22/24 |
| 30 Year Cash-out Refi | 6.36% | 11/22/24 |
| 30 Year FHA Purchase | 7.02% | 11/22/24 |
| 30 Year VA Purchase | 5.70% | 11/22/24 |
| 30 Year VA Refi | 5.47% | 11/22/24 |
| 15 Year Conventional Purchase | 5.57% | 11/22/24 |
| 15 Year Conventional Refi | 5.62% | 11/22/24 |
| 15 Year Cash-out Refi | 5.62% | 11/22/24 |
| 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. | ||
First Mortgage Solutions Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,735Origination Dollar Volume (All Markets)
$1,421,625,000Awards
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First Mortgage Solutions - 2020
First Mortgage Solutions is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| 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-Fort Worth-Arlington, TX (FHA|USDA|VA) | 250 | $95,410,000 | $381,640 | $4,397 | 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% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 108 | $49,480,000 | $458,148 | $3,999 | 2.86% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 127 | $49,185,000 | $387,283 | $4,472 | 2.70% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 117 | $48,955,000 | $418,419 | $3,674 | 2.74% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 97 | $35,435,000 | $365,309 | $3,405 | 2.81% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 91 | $33,315,000 | $366,099 | $2,967 | 2.95% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 69 | $33,135,000 | $480,217 | $3,456 | 2.86% |
| 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% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 66 | $31,360,000 | $475,152 | $3,913 | 2.71% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 71 | $28,885,000 | $406,831 | $3,691 | 2.92% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 65 | $27,665,000 | $425,615 | $4,450 | 2.79% |
| RICHMOND, VA (FHA|USDA|VA) | 60 | $22,740,000 | $379,000 | $3,234 | 2.65% |
| Outside of Metro Areas | 59 | $18,525,000 | $313,983 | $3,743 | 2.98% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 32 | $15,760,000 | $492,500 | $2,938 | 2.74% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 41 | $15,305,000 | $373,293 | $4,056 | 2.88% |
| 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% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 27 | $9,775,000 | $362,037 | $4,593 | 2.76% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 5 | $2,385,000 | $477,000 | $3,402 | 2.73% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $2,385,000 | $340,714 | $2,770 | 3.20% |
| 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% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $1,955,000 | $1,955,000 | $72,620 | 3.00% |
| 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% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $5,406 | 2.81% |
| Boone, NC (FHA|USDA|VA) | 4 | $1,670,000 | $417,500 | $2,904 | 2.63% |
| 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% |
| Ottawa, KS (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $2,080 | 2.81% |
| 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% |
| 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% |
| 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% |
| Steamboat Springs, CO (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $1,675 | 2.83% |
| 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% |
| Morehead City, NC (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $2,585 | 2.83% |
| 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% |
| Newport, OR (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $4,361 | 2.81% |
| Torrington, CT (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $3,482 | 2.69% |
| 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% |
| Elizabeth City, NC (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $3,735 | 2.50% |
| 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% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $2,551 | 2.79% |
| 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% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,406 | 2.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $11,863 | 2.81% |
| Hood River, OR (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $3,487 | 2.75% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $2,752 | 3.06% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $3,551 | 2.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $2,557 | 3.19% |
| 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% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $2,474 | 3.00% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $7,006 | 2.56% |
| 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% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $2,594 | 2.56% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,809 | 2.56% |
| 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% |
| North Wilkesboro, NC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,505 | 2.63% |
| Red Bluff, CA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $12,743 | 4.38% |
| Centralia, WA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,150 | 3.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $2,189 | 2.75% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $12,192 | 4.00% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,872 | 2.88% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,018 | 3.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $6,357 | 3.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,286 | 2.50% |
| Athens, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,844 | 2.50% |
| NAPA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,264 | 3.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,905 | 2.38% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,242 | 2.13% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,789 | 2.50% |
| OCALA, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,584 | 2.94% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,452 | 2.63% |
| Lake City, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $1,383 | 2.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,630 | 3.00% |
| Astoria, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,700 | 2.75% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $1,399 | 2.75% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,016 | 3.00% |
| 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% |
| Granbury, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,863 | 3.13% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,053 | 2.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,635 | 3.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,835 | 2.88% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,287 | 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% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,473 | 3.13% |
| READING, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,632 | 2.63% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,334 | 3.13% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,694 | 3.25% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,779 | 2.25% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,255 | 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% |
| Alice, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,671 | 2.50% |
| CHICO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,117 | 2.88% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,191 | 2.25% |
| Shelton, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,111 | 2.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,554 | 3.63% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,447 | 2.88% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,698 | 3.00% |
| Durango, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,828 | 2.88% |
| 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% |
| Wilson, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,881 | 2.25% |
| Edwards, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,354 | 3.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,925 | 3.63% |
| Newberry, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,156 | 3.38% |
| 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% |
| Indiana, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,340 | 4.75% |
| Kennett, MO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,834 | 3.38% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,948 | 2.88% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,994 | 2.25% |
| 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% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,530 | 3.50% |
| 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% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,419 | 3.50% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,069 | 3.50% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,365 | 3.88% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,346 | 3.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Mortgage Solutions based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
BEACH MUNICIPAL FEDERAL CREDIT UNION
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Product Mix
For 2020, First Mortgage Solutions's most frequently originated type of loan was Conventional, with 3,085 originations. Their 2nd most popular type was VA, with 542 originations.
Loan Reason
For 2020, First Mortgage Solutions's most frequently cited loan purpose was Refi, with 2,652 originations. The 2nd most popular reason was Cash Out Refi, with 663 originations.
Loan Duration/Length
For 2020, First Mortgage Solutions's most frequently cited loan duration was 30 Year, with 2,804 originations. The 2nd most popular length was 15 Year, with 640 originations.
Origination Fees/Closing Costs
First Mortgage Solutions's average total fees were $3,852, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,324 originations.
Interest Rates
During 2020, First Mortgage Solutions's average interest rate for loans was 2.86%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,830 originations.
Loan Sizing
2020 saw First Mortgage Solutions place emphasis on $200k-400k loans with 1,821 originations, totaling $570,425,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications93.10%
First Mortgage Solutions has an average approval rate.
Pick Rate
Approvals leading to origination54.32%
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
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRSTRUST MORTGAGE, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| FIRSTRUST MORTGAGE, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |