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

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Mattamy Home Funding is a smaller mortgage company specializing in Home Purchase 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 include Orlando, Jacksonville, Charlotte, Phoenix, and Raleigh among others. Mattamy Home Funding has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Mattamy Home Funding is typically a high fee lendor.


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 rate mortgage of loans were 2.91%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.24%.

Relative Fees

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

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average 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 the 2021 period, Mattamy Home Funding 's most frequently originated loan type of loans were Conventional, with 2,127 originations. Their 2nd most popular type is FHA, with 401 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Mattamy Home Funding 's most frequently cited loan purpose of loans were Home Purchase, with 2,877 originations. The 2nd most popular reason of loans were 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 the 2021, Mattamy Home Funding 's most frequently cited loan length of loans were 30 Year, with 2,766 originations. The 2nd most popular length of loans were 15 Year, with 96 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,902 $644,260,000 $338,728
$2k-3k 489 $161,095,000 $329,438
$3k-4k 265 $89,565,000 $337,981
$5k+ 116 $42,690,000 $368,017
$<1k 114 $25,420,000 $222,982

$7,009 of loans were Mattamy Home Funding 's average total fees, while their most frequently occuring range of origination fees 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 of loans were 2.91%, while their most frequently originated rate bucket of loans were 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 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
94.61%

Mattamy Home Funding has an average approval rate.

Pick Rate

Approvals leading to origination
85.59%

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%