Homeowners First Mortgage Rates, Fees & Info
WILMINGTON, DELEI: 549300VWVLYULYLIAM42
Tax ID: 84-3226150
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Homeowners First Mortgage is a smaller mortgage company specializing in loans. Homeowners First Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Sacramento, and San Luis Obispo among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Homeowners First Mortgage 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. Homeowners First Mortgage 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.
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 | 6.82% | 3/27/23 |
30 Year Conventional Refi | 7.06% | 3/27/23 |
30 Year Cash-out Refi | 7.02% | 3/27/23 |
30 Year FHA Purchase | 7.55% | 3/27/23 |
30 Year FHA Refi | 7.38% | 3/27/23 |
30 Year VA Purchase | 6.38% | 3/27/23 |
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
71Origination Dollar Volume (All Markets)
$42,575,000Relative Rate
Homeowners First Mortgage's average 30 year fixed mortgage rate was
4.93%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.17%.
Relative Fees (Closing Costs)
Homeowners First Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,368.
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 |
---|---|---|---|---|---|
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 39 | $26,535,000 | $680,385 | $11,157 | 4.82% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 24 | $11,340,000 | $472,500 | $10,314 | 4.91% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $3,245,000 | $649,000 | $8,137 | 5.48% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $3,731 | 4.43% |
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $11,366 | 5.25% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against HOMEOWNERS FIRST MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 316
Similarity Rank: 644
Similarity Rank: 660
Similarity Rank: 770
Similarity Rank: 1062
Similarity Rank: 1120
Similarity Rank: 1300
Similarity Rank: 1380
Similarity Rank: 1484
Similarity Rank: 1584
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 60 | $36,730,000 | $612,167 | $9,073 | 4.85% |
FHA | 7 | $4,135,000 | $590,714 | $22,468 | 5.14% |
VA | 4 | $1,710,000 | $427,500 | $10,123 | 5.12% |
For 2022, Homeowners First Mortgage's most frequently originated type of loan was Conventional, with 60 originations. Their 2nd most popular type was FHA, with 7 originations.
Loan Reason
For 2022, Homeowners First Mortgage's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
30 Year | 70 | $42,210,000 | $603,000 | $10,368 | 4.93% |
20 Year | 1 | $365,000 | $365,000 | $16,385 | 2.50% |
For 2022, Homeowners First Mortgage's most frequently cited loan duration was 30 Year, with 70 originations. The 2nd most popular length was 20 Year, with 1 originations.
Origination Fees/Closing Costs
Homeowners First Mortgage's average total fees were $10,368, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 28 originations.
Interest Rates
During 2022, Homeowners First Mortgage's average interest rate for loans was 4.93%, while their most frequently originated rate bucket for loans was 5-6%, with 21 originations.
Loan Sizing
2022 saw Homeowners First Mortgage place emphasis on $400k-600k loans with 31 originations, totaling $15,405,000 in origination value.
Applicant Income
Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$50k or less | 70 | $42,170,000 | $602,429 | $10,554 | 4.90% |
Homeowners First Mortgage lent most frequently to those with incomes in the $50k or less range, with 70 originations.
Applicant Debt to Income Ratio
Homeowners First Mortgage lent most frequently to those with DTI ratios of 30-36%, with 14 originations. The next most common DTI ratio? 44%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.94%
Homeowners First Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination77.46%
Homeowners First Mortgage has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 71 | $42,575,000 | $599,648 |