Ownerschoice Funding Incorporated Mortgage Rates, Fees & Info
ALBANY, NYLEI: 549300W5V403XF1RX254
Tax ID: 14-1691162
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Ownerschoice Funding Incorporated is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Ownerschoice Funding Incorporated has a high proportion of conventional loans. Their top markets by origination volume include: New York, Buffalo, Syracuse, Utica, and Albany among others. We have data for 67 markets. (Some data included below & more in-depth data is available with an active subscription.)Ownerschoice Funding Incorporated has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Ownerschoice Funding Incorporated 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 | 6.89% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.81% | 11/21/24 |
| 30 Year FHA Purchase | 6.27% | 11/21/24 |
| 30 Year FHA Refi | 6.27% | 11/21/24 |
| 30 Year VA Purchase | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 6.90% | 11/21/24 |
| 15 Year Conventional Refi | 5.81% | 11/21/24 |
| 15 Year Cash-out Refi | 5.81% | 11/21/24 |
| 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. | ||
Ownerschoice Funding Incorporated Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Ownerschoice Funding Incorporated. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,543Origination Dollar Volume (All Markets)
$284,805,000Awards
OWNERSCHOICE FUNDING INCORPORATED - 2020
OWNERSCHOICE FUNDING INCORPORATED is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for OWNERSCHOICE FUNDING INCORPORATED?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 303 | $94,355,000 | $311,403 | $5,293 | 3.03% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 574 | $86,480,000 | $150,662 | $2,693 | 3.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 112 | $14,930,000 | $133,304 | $2,815 | 3.09% |
| UTICA-ROME, NY (FHA|USDA|VA) | 110 | $14,600,000 | $132,727 | $3,050 | 3.08% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 61 | $11,845,000 | $194,180 | $3,420 | 3.04% |
| ROCHESTER, NY (FHA|USDA|VA) | 46 | $6,430,000 | $139,783 | $2,980 | 3.07% |
| PITTSBURGH, PA (FHA|USDA|VA) | 41 | $6,175,000 | $150,610 | $3,318 | 3.24% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 18 | $4,850,000 | $269,444 | $4,090 | 3.13% |
| Outside of Metro Areas | 34 | $4,230,000 | $124,412 | $3,200 | 3.11% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 18 | $3,500,000 | $194,444 | $2,671 | 2.90% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 14 | $3,220,000 | $230,000 | $3,515 | 3.03% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 26 | $3,060,000 | $117,692 | $2,829 | 2.99% |
| GLENS FALLS, NY (FHA|USDA|VA) | 19 | $2,865,000 | $150,789 | $3,487 | 3.16% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 14 | $2,810,000 | $200,714 | $2,673 | 2.89% |
| KINGSTON, NY (FHA|USDA|VA) | 12 | $2,420,000 | $201,667 | $3,499 | 3.00% |
| Gloversville, NY (FHA|USDA|VA) | 13 | $1,575,000 | $121,154 | $3,163 | 3.52% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $2,589 | 3.28% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $4,078 | 3.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $3,025 | 3.08% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $3,362 | 3.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $4,865 | 3.08% |
| Plattsburgh, NY (FHA|USDA|VA) | 6 | $950,000 | $158,333 | $3,952 | 3.08% |
| New Castle, PA (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $3,788 | 2.71% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 7 | $935,000 | $133,571 | $2,907 | 3.16% |
| Malone, NY (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $3,388 | 3.08% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $3,173 | 2.75% |
| DOVER, DE (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $3,449 | 3.20% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $3,580 | 3.09% |
| Batavia, NY (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $2,349 | 3.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,804 | 3.21% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $2,911 | 3.35% |
| BINGHAMTON, NY (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $3,517 | 3.50% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,078 | 4.13% |
| Auburn, NY (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $3,210 | 2.97% |
| Amsterdam, NY (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $3,664 | 3.59% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,365 | 2.75% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,992 | 2.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $10,359 | 3.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,948 | 2.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,040 | 3.63% |
| ERIE, PA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,333 | 3.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,570 | 3.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,114 | 2.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,948 | 3.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,092 | 3.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,409 | 3.38% |
| Defiance, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,738 | 2.88% |
| St. Marys, PA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,863 | 3.31% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,890 | 2.63% |
| Olean, NY (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $2,271 | 2.79% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,440 | 4.25% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,619 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,521 | 3.00% |
| Oneonta, NY (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,199 | 3.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,538 | 2.63% |
| Warren, PA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,959 | 3.63% |
| Cortland, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,631 | 2.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,724 | 3.00% |
| DuBois, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,121 | 2.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,740 | 3.63% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,542 | 2.88% |
| Palatka, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,975 | 3.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,234 | 3.75% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,051 | 2.63% |
| Meadville, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,712 | 3.25% |
| Bennettsville, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,116 | 2.75% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,849 | 3.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against OWNERSCHOICE FUNDING INCORPORATED based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 56
Similarity Rank: 70
Similarity Rank: 111
Similarity Rank: 114
Similarity Rank: 128
Similarity Rank: 134
Similarity Rank: 165
Similarity Rank: 180
Similarity Rank: 190
Similarity Rank: 192
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,543 | $284,805,000 | $184,579 | $3,407 | 3.05% |
For 2020, Ownerschoice Funding Incorporated's most frequently originated type of loan was Conventional, with 1,543 originations.
Loan Reason
For 2020, Ownerschoice Funding Incorporated's most frequently cited loan purpose was Cash Out Refi, with 656 originations. The 2nd most popular reason was Refi, with 487 originations.
Loan Duration/Length
For 2020, Ownerschoice Funding Incorporated's most frequently cited loan duration was 30 Year, with 629 originations. The 2nd most popular length was 15 Year, with 591 originations.
Origination Fees/Closing Costs
Ownerschoice Funding Incorporated's average total fees were $3,717, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,068 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 738 | $133,550,000 | $180,962 |
| 3-4% | 622 | $119,260,000 | $191,736 |
| <2.5% | 155 | $27,895,000 | $179,968 |
| 4-5% | 27 | $3,795,000 | $140,556 |
| 5-6% | 1 | $305,000 | $305,000 |
During 2020, Ownerschoice Funding Incorporated's average interest rate for loans was 3.33%, while their most frequently originated rate bucket for loans was 2.5-3%, with 738 originations.
Loan Sizing
2020 saw Ownerschoice Funding Incorporated place emphasis on $100k-200k loans with 656 originations, totaling $95,360,000 in origination value.
Applicant Income
Ownerschoice Funding Incorporated lent most frequently to those with incomes in the $100k-150k range, with 367 originations. The second most popular income band? $50k-75k, with 341 originations.
Applicant Debt to Income Ratio
Ownerschoice Funding Incorporated lent most frequently to those with DTI ratios of 20-30%, with 456 originations. The next most common DTI ratio? 30-36%, with 300 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.02%
Ownerschoice Funding Incorporated has a below average approval rate.
Pick Rate
Approvals leading to origination58.20%
Ownerschoice Funding Incorporated 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 | 1,543 | $284,805,000 | $184,579 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $590,000 | $98,333 |
| Single Family (1-4 Units):Site-Built | 1,537 | $284,215,000 | $184,915 |