Mattamy Home Funding Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300XECJ0294F1ZG19

Tax ID: 26-2597540

3.5 stars - out of 5 stars, based on 54 reviews

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

Jump to:

Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Mattamy Home Funding is a smaller mortgage company specializing in loans. Mattamy Home Funding has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Orlando, Jacksonville, Charlotte, Phoenix, and Raleigh among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mattamy Home Funding 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. Mattamy Home Funding 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 6.79% 12/4/22
    30 Year Conventional Refi 6.69% 12/4/22
    30 Year Cash-out Refi 6.45% 12/4/22
    30 Year FHA Purchase 7.28% 12/4/22
    30 Year VA Purchase 6.39% 12/4/22
    30 Year USDA Purchase 6.77% 12/4/22
    15 Year Conventional Purchase 6.06% 12/4/22
    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

    2,886

    Origination Dollar Volume (All Markets)

    $963,030,000
    Show all (11) awards

    Relative Rate

    Mattamy Home Funding's average 30 year fixed mortgage rate was 2.91%.

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

    This yields a difference of -0.24%.

    Relative Fees (Closing Costs)

    Mattamy Home Funding's average total fees/closing costs for a 30 year fixed rate mortgage were $7,009.

    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
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 485 $165,485,000 $341,206 $7,728 2.88%
    JACKSONVILLE, FL (FHA|USDA|VA) 489 $160,885,000 $329,008 $7,401 2.88%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 416 $141,690,000 $340,601 $5,776 2.88%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 394 $135,080,000 $342,843 $8,147 2.91%
    RALEIGH-CARY, NC (FHA|USDA|VA) 297 $96,105,000 $323,586 $5,135 2.91%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 227 $67,155,000 $295,837 $6,503 2.88%
    TUCSON, AZ (FHA|USDA|VA) 157 $57,625,000 $367,038 $8,610 2.86%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 170 $51,560,000 $303,294 $5,755 2.99%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 99 $37,095,000 $374,697 $6,998 3.03%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 82 $26,600,000 $324,390 $6,754 2.90%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 53 $19,455,000 $367,075 $6,323 2.89%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 11 $2,515,000 $228,636 $6,065 3.25%
    FAYETTEVILLE, NC (FHA|USDA|VA) 6 $1,780,000 $296,667 $9,049 2.58%
    Mattamy Home Funding's top markets include Orlando, Jacksonville, Charlotte, Phoenix, and Raleigh among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against MATTAMY HOME FUNDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    First Credit Union
    Similarity Rank: 558
    POWER FINANCIAL
    Similarity Rank: 768
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 1272
    AERO Federal Credit Union
    Similarity Rank: 1428
    ARIZONA CENTRAL
    Similarity Rank: 1672
    Citizens First Bank
    Similarity Rank: 1696
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 1732
    We Florida Financial
    Similarity Rank: 1770
    SAN ANTONIO CITIZENS
    Similarity Rank: 1792

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,127 $697,535,000 $327,943 $5,582 3.00%
    FHA 401 $127,995,000 $319,190 $10,836 2.61%
    VA 353 $135,725,000 $384,490 $10,638 2.61%
    USDA 5 $1,775,000 $355,000 $7,917 2.65%

    For 2021, Mattamy Home Funding's most frequently originated type of loan was Conventional, with 2,127 originations. Their 2nd most popular type was FHA, with 401 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,877 $959,995,000 $333,679 $6,942 2.90%
    Refi 8 $2,620,000 $327,500 $4,436 2.88%
    Cash Out Refi 1 $415,000 $415,000 $6,013 3.00%

    For 2021, Mattamy Home Funding's most frequently cited loan purpose was Home Purchase, with 2,877 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,766 $929,720,000 $336,124 $7,009 2.91%
    15 Year 96 $26,450,000 $275,521 $5,092 2.54%
    20 Year 21 $5,895,000 $280,714 $5,842 2.90%
    10 Year 3 $965,000 $321,667 $5,136 2.38%

    For 2021, Mattamy Home Funding's most frequently cited loan duration was 30 Year, with 2,766 originations. The 2nd most popular length was 15 Year, with 96 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,902 $644,260,000 $338,728
    $2k-3k 489 $161,095,000 $329,438
    $3k-4k 169 $57,485,000 $340,148
    $5k+ 116 $42,690,000 $368,017
    $<1k 114 $25,420,000 $222,982
    $4k-5k 96 $32,080,000 $334,167

    Mattamy Home Funding's average total fees were $7,009, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,902 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,465 $496,325,000 $338,788
    3-4% 886 $285,500,000 $322,235
    <2.5% 510 $174,540,000 $342,235
    4-5% 25 $6,665,000 $266,600

    During 2021, Mattamy Home Funding's average interest rate for loans was 2.91%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,465 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,164 $676,670,000 $312,694 $6,840 2.89%
    $400k-600k 576 $261,170,000 $453,420 $7,988 2.89%
    $100k-200k 118 $18,240,000 $154,576 $4,130 3.07%
    $100,000 or less 20 $1,530,000 $76,500 $2,764 3.27%
    $600k-1MM 8 $5,420,000 $677,500 $8,397 3.06%

    2021 saw Mattamy Home Funding place emphasis on $200k-400k loans with 2,164 originations, totaling $676,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 886 $309,460,000 $349,278 $6,863 2.91%
    $75k-100k 668 $225,200,000 $337,126 $7,365 2.85%
    $50k-75k 608 $182,280,000 $299,803 $7,204 2.86%
    $150k-250k 413 $152,635,000 $369,576 $6,241 2.96%
    $50k or less 212 $57,870,000 $272,972 $6,750 2.91%
    $250k+ 99 $35,585,000 $359,444 $6,311 3.09%

    Mattamy Home Funding lent most frequently to those with incomes in the $100k-150k range, with 886 originations. The second most popular income band? $75k-100k, with 668 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 584 $195,480,000 $334,726 $6,138 2.91%
    30-36% 534 $180,630,000 $338,258 $6,456 2.91%
    50-60% 219 $76,525,000 $349,429 $11,108 2.66%
    <20% 172 $49,230,000 $286,221 $5,359 2.90%
    43% 117 $38,495,000 $329,017 $7,226 2.89%
    44% 113 $37,965,000 $335,973 $7,002 2.96%
    41% 105 $35,835,000 $341,286 $7,129 2.95%
    45% 102 $34,480,000 $338,039 $7,160 2.95%
    40% 102 $34,640,000 $339,608 $7,079 2.88%
    38% 102 $33,600,000 $329,412 $6,758 2.90%
    39% 99 $35,045,000 $353,990 $6,930 2.94%
    36% 95 $31,915,000 $335,947 $5,961 3.02%
    46% 95 $30,215,000 $318,053 $7,076 2.92%
    49% 94 $31,460,000 $334,681 $8,021 2.84%
    47% 92 $29,520,000 $320,870 $7,352 2.92%
    37% 89 $30,175,000 $339,045 $6,443 2.92%
    42% 88 $29,410,000 $334,205 $6,484 3.00%
    48% 78 $26,290,000 $337,051 $6,997 2.96%
    >60% 6 $2,120,000 $353,333 $9,192 2.81%

    Mattamy Home Funding lent most frequently to those with DTI ratios of 20-30%, with 584 originations. The next most common DTI ratio? 30-36%, with 534 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,804 $594,220,000 $329,390 $6,900 2.90%
    Not provided 373 $127,435,000 $341,649 $7,453 2.89%
    Asian 358 $117,740,000 $328,883 $6,098 2.96%
    Black 306 $108,070,000 $353,170 $7,206 2.86%
    American Indian 28 $10,070,000 $359,643 $9,257 2.75%
    Native Hawaiian or Islander 9 $3,075,000 $341,667 $9,716 2.78%
    Filipino 3 $1,075,000 $358,333 $7,648 2.92%
    Chinese 2 $550,000 $275,000 $5,959 3.25%
    Korean 1 $295,000 $295,000 $10,346 2.63%
    Other Pacific Islander 1 $255,000 $255,000 $3,156 2.50%
    Asian Indian 1 $245,000 $245,000 $3,455 3.37%

    Approval Rates

    Total approvals of all applications
    95.33%

    Mattamy Home Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.28%

    Mattamy Home Funding has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,886 $963,030,000 $333,690

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,886 $963,030,000 $333,690

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $7,830,000 $126,290 $3,440 3.11%
    40-60% 136 $31,160,000 $229,118 $5,138 2.97%
    60-80% 638 $197,350,000 $309,326 $5,554 3.02%
    80-100% 1,934 $684,190,000 $353,769 $7,064 2.86%
    Over 100% 105 $41,605,000 $396,238 $17,715 2.61%
    Under 20% 11 $895,000 $81,364 $3,368 3.25%