Homeward Residential Mortgage Rates, Fees & Info
ADDISON, TXLEI: 549300X5Q6MWPDMY7065
Tax ID: 42-1739728
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Mortgage Data
Review & Overview
Homeward Residential is a smaller mortgage company specializing in Refi loans. Homeward Residential has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, New York, Philadelphia, Dallas, and Chicago among others. We have data for 120 markets. (Some data included below & more in-depth data is available with an active subscription.)Homeward Residential has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Homeward Residential 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 relatively high 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.
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Originations
301Origination Dollar Volume (All Markets)
$51,635,000Top 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) | 15 | $4,865,000 | $324,333 | $7,949 | 5.28% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $2,340,000 | $390,000 | $10,715 | 5.06% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 12 | $2,080,000 | $173,333 | $6,770 | 5.26% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 15 | $1,915,000 | $127,667 | $5,151 | 5.55% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 11 | $1,895,000 | $172,273 | $5,214 | 5.23% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,840,000 | $460,000 | $14,018 | 5.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 15 | $1,805,000 | $120,333 | $4,398 | 5.33% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $1,780,000 | $445,000 | $6,790 | 5.28% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,450,000 | $362,500 | $7,974 | 5.34% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $7,155 | 5.23% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $1,235,000 | $112,273 | $4,517 | 5.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $1,235,000 | $247,000 | $7,489 | 4.98% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $5,798 | 5.54% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 7 | $1,195,000 | $170,714 | $4,667 | 5.04% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $5,448 | 5.02% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $5,928 | 5.38% |
| Outside of Metro Areas | 8 | $970,000 | $121,250 | $4,852 | 5.38% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $12,865 | 5.31% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $8,402 | 5.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $4,304 | 5.93% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $5,855 | 4.90% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $4,558 | 5.45% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $650,000 | $162,500 | $7,285 | 5.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $6,909 | 4.94% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $6,352 | 4.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $4,532 | 5.23% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,784 | 5.06% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $3,682 | 5.03% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,910 | 5.38% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,074 | 6.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $5,873 | 4.83% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $405,000 | $81,000 | $4,130 | 4.98% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,125 | 5.31% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,268 | 5.38% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,189 | 5.19% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,042 | 5.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,572 | 4.88% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $14,040 | 5.88% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,202 | 4.88% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,890 | 5.38% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $7,446 | 5.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,374 | 5.25% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,890 | 5.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,846 | 5.19% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,915 | 5.63% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,330 | 5.38% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,323 | 5.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,128 | 4.38% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,034 | 5.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,654 | 5.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,616 | 5.06% |
| DOVER, DE (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,144 | 5.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $4,967 | 5.08% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,189 | 5.69% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,028 | 5.00% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,214 | 5.75% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,674 | 5.38% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $4,300 | 5.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,731 | 4.88% |
| MONROE, MI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,935 | 5.06% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,269 | 4.88% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,593 | 5.25% |
| CHICO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,561 | 6.13% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,395 | 4.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,471 | 4.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,796 | 5.50% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,668 | 5.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,280 | 5.38% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,702 | 4.25% |
| FLINT, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,664 | 5.25% |
| Holland, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,445 | 5.13% |
| MADISON, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,566 | 4.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,656 | 5.50% |
| Shelton, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,108 | 5.13% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,475 | 5.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,245 | 5.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,939 | 5.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,783 | 6.25% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,031 | 5.13% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,595 | 4.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,894 | 5.69% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,849 | 5.25% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,724 | 5.25% |
| RACINE, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,839 | 4.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,684 | 5.75% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,345 | 5.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,576 | 5.13% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,911 | 4.75% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,551 | 5.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,188 | 4.25% |
| Willmar, MN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,418 | 5.13% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,586 | 5.63% |
| TULSA, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,662 | 4.75% |
| Bardstown, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,220 | 5.25% |
| Alma, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,655 | 5.25% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,598 | 5.13% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,687 | 5.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,340 | 5.38% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,523 | 5.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,894 | 5.50% |
| Ludington, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,004 | 4.25% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,161 | 6.50% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,143 | 5.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,775 | 5.00% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,356 | 4.88% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,229 | 5.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,096 | 4.88% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,591 | 4.75% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,374 | 5.38% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,304 | 4.75% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,071 | 5.75% |
| NILES, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,371 | 5.50% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,767 | 4.63% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,119 | 5.00% |
| PINE BLUFF, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,699 | 4.88% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,802 | 6.38% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,987 | 5.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,143 | 4.63% |
| Seymour, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,043 | 4.63% |
| Palatka, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,335 | 5.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Homeward Residential based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 276 | $46,430,000 | $168,225 | $5,363 | 5.26% |
| FHA | 25 | $5,205,000 | $208,200 | $8,659 | 4.99% |
For 2019, Homeward Residential's most frequently originated type of loan was Conventional, with 276 originations. Their 2nd most popular type was FHA, with 25 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 297 | $50,945,000 | $171,532 | $5,636 | 5.25% |
| Home Purchase | 4 | $690,000 | $172,500 | $5,745 | 4.56% |
For 2019, Homeward Residential's most frequently cited loan purpose was Refi, with 297 originations. The 2nd most popular reason was Home Purchase, with 4 originations.
Loan Duration/Length
For 2019, Homeward Residential's most frequently cited loan duration was 30 Year, with 175 originations. The 2nd most popular length was 15 Year, with 67 originations.
Origination Fees/Closing Costs
Homeward Residential's average total fees were $6,263, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 75 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 149 | $26,915,000 | $180,638 |
| 4-5% | 125 | $20,295,000 | $162,360 |
| 6-7% | 23 | $3,545,000 | $154,130 |
| 3-4% | 4 | $880,000 | $220,000 |
During 2019, Homeward Residential's average interest rate for loans was 5.40%, while their most frequently originated rate bucket for loans was 5-6%, with 149 originations.
Loan Sizing
2019 saw Homeward Residential place emphasis on $100k-200k loans with 137 originations, totaling $19,185,000 in origination value.
Applicant Income
Homeward Residential lent most frequently to those with incomes in the $50k-75k range, with 94 originations. The second most popular income band? $50k or less, with 86 originations.
Applicant Debt to Income Ratio
Homeward Residential lent most frequently to those with DTI ratios of 30-36%, with 61 originations. The next most common DTI ratio? 20-30%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications34.31%
Homeward Residential has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-77.41%
Homeward Residential 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 | 301 | $51,635,000 | $171,545 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 301 | $51,635,000 | $171,545 |