Mattamy Home Funding Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300XECJ0294F1ZG19

Tax ID: 26-2597540

5 stars - Updated: 4/13/24 - out of 5 stars, based on 52 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Mattamy Home Funding is a small 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 by origination volume include: Charlotte, Phoenix, Jacksonville, Orlando, and Dallas among others. We have data for 15 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 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.

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 6.78% 4/13/24
30 Year Conventional Refi 5.60% 4/13/24
30 Year Cash-out Refi 6.63% 4/13/24
30 Year FHA Purchase 7.11% 4/13/24
30 Year VA Purchase 6.16% 4/13/24
15 Year Conventional Purchase 6.21% 4/13/24
15 Year FHA Purchase 5.68% 4/13/24
15 Year VA Purchase 5.68% 4/13/24
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.

Mattamy Home Funding Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Mattamy Home Funding. 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

2,666

Origination Dollar Volume (All Markets)

$1,082,290,000
Show all (40) awards

Relative Rate

Mattamy Home Funding's average 30 year fixed mortgage rate was 6.09%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.39%.

Relative Fees (Closing Costs)

Mattamy Home Funding's average total fees/closing costs for a 30 year fixed rate mortgage were $7,875.

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 $9,089.

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
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 506 $192,480,000 $380,395 $6,857 5.88%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 371 $168,355,000 $453,787 $10,596 5.81%
JACKSONVILLE, FL (FHA|USDA|VA) 337 $135,545,000 $402,211 $7,397 5.97%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 250 $105,710,000 $422,840 $7,658 6.44%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 215 $104,845,000 $487,651 $7,636 6.42%
RALEIGH-CARY, NC (FHA|USDA|VA) 254 $101,200,000 $398,425 $4,731 6.34%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 233 $83,585,000 $358,734 $8,742 5.91%
TUCSON, AZ (FHA|USDA|VA) 138 $56,940,000 $412,609 $9,969 5.59%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 131 $49,225,000 $375,763 $7,776 6.16%
PORT ST. LUCIE, FL (FHA|USDA|VA) 115 $42,005,000 $365,261 $7,091 6.66%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 28 $12,960,000 $462,857 $11,020 6.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 25 $9,505,000 $380,200 $7,651 6.27%
FAYETTEVILLE, NC (FHA|USDA|VA) 27 $9,155,000 $339,074 $6,067 6.15%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 25 $6,945,000 $277,800 $6,856 6.08%
SHERMAN-DENISON, TX (FHA|USDA|VA) 11 $3,835,000 $348,636 $5,164 6.56%
Mattamy Home Funding's top markets include Charlotte, Phoenix, Jacksonville, Orlando, and Dallas among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (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.

    SCIENT Federal Credit Union
    Similarity Rank: 110
    PIMA Federal Credit Union
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    HIGHLAND HOMELOANS, LLC
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    ORLANDO CREDIT UNION
    Similarity Rank: 459
    Coastline Federal Credit Union
    Similarity Rank: 574
    Terrabank
    Similarity Rank: 660
    JAX
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    First State Bank
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    121 FINANCIAL
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    ADDITION FINANCIAL
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,804 $704,210,000 $390,360 $5,667 6.26%
    FHA 573 $235,895,000 $411,684 $12,956 5.66%
    VA 288 $141,750,000 $492,188 $10,890 5.71%
    USDA 1 $435,000 $435,000 $6,756 5.63%

    For 2023, Mattamy Home Funding's most frequently originated type of loan was Conventional, with 1,804 originations. Their 2nd most popular type was FHA, with 573 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,665 $1,081,665,000 $405,878 $7,800 6.07%
    Refi 1 $625,000 $625,000 $3,299 5.25%

    For 2023, Mattamy Home Funding's most frequently cited loan purpose was Home Purchase, with 2,665 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,596 $1,059,370,000 $408,078 $7,875 6.09%
    15 Year 61 $20,215,000 $331,393 $5,004 5.43%
    20 Year 5 $1,825,000 $365,000 $5,260 6.05%
    10 Year 4 $880,000 $220,000 $3,527 5.47%

    For 2023, Mattamy Home Funding's most frequently cited loan duration was 30 Year, with 2,596 originations. The 2nd most popular length was 15 Year, with 61 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,714 $686,740,000 $400,665
    $5k+ 500 $214,150,000 $428,300
    $1k-2k 206 $85,100,000 $413,107
    $2k-3k 99 $37,615,000 $379,949
    $4k-5k 77 $29,675,000 $385,390
    $3k-4k 70 $29,010,000 $414,429

    Mattamy Home Funding's average total fees were $7,875, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,714 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,151 $462,125,000 $401,499
    6-7% 895 $367,305,000 $410,397
    7-8% 306 $125,710,000 $410,817
    4-5% 286 $116,730,000 $408,147
    Over 8% 28 $10,420,000 $372,143

    During 2023, Mattamy Home Funding's average interest rate for loans was 6.09%, while their most frequently originated rate bucket for loans was 5-6%, with 1,151 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,199 $394,765,000 $329,245 $6,617 6.05%
    $400k-600k 1,133 $538,115,000 $474,947 $9,224 6.03%
    $600k-1MM 193 $128,715,000 $666,917 $10,134 6.36%
    $100k-200k 130 $18,890,000 $145,308 $3,048 6.24%
    $100,000 or less 10 $740,000 $74,000 $1,896 6.03%
    $1MM+ 1 $1,065,000 $1,065,000 $33,692 6.00%

    2023 saw Mattamy Home Funding place emphasis on $200k-400k loans with 1,199 originations, totaling $394,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 961 $393,995,000 $409,984 $8,163 6.04%
    $150k-250k 743 $341,675,000 $459,859 $7,743 6.21%
    $75k-100k 451 $162,025,000 $359,257 $8,153 5.89%
    $50k-75k 243 $70,195,000 $288,868 $6,790 5.87%
    $250k+ 194 $92,720,000 $477,938 $7,480 6.46%
    $50k or less 74 $21,680,000 $292,973 $5,589 6.03%

    Mattamy Home Funding lent most frequently to those with incomes in the $100k-150k range, with 961 originations. The second most popular income band? $150k-250k, with 743 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 403 $161,015,000 $399,541 $6,898 6.15%
    20-30% 372 $138,520,000 $372,366 $6,101 6.06%
    50-60% 299 $130,185,000 $435,401 $12,030 5.75%
    48% 149 $63,745,000 $427,819 $8,737 6.09%
    49% 145 $61,145,000 $421,690 $7,970 6.21%
    43% 131 $53,295,000 $406,832 $8,283 6.12%
    42% 118 $49,000,000 $415,254 $8,070 6.18%
    46% 110 $46,320,000 $421,091 $7,999 6.15%
    45% 106 $44,170,000 $416,698 $7,355 6.16%
    47% 102 $41,350,000 $405,392 $7,763 6.16%
    44% 101 $42,485,000 $420,644 $8,234 6.16%
    40% 98 $40,800,000 $416,327 $8,050 5.99%
    <20% 94 $30,490,000 $324,362 $4,931 5.90%
    41% 91 $36,605,000 $402,253 $7,284 6.14%
    39% 89 $37,735,000 $423,989 $7,385 6.18%
    36% 82 $33,330,000 $406,463 $6,425 6.05%
    37% 81 $30,475,000 $376,235 $6,855 6.15%
    38% 76 $30,210,000 $397,500 $6,820 6.14%
    >60% 19 $11,415,000 $600,789 $10,172 5.93%

    Mattamy Home Funding lent most frequently to those with DTI ratios of 30-36%, with 403 originations. The next most common DTI ratio? 20-30%, with 372 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,490 $591,870,000 $397,228 $7,754 6.06%
    Asian 513 $221,145,000 $431,082 $6,962 6.29%
    Not provided 321 $129,835,000 $404,470 $8,401 5.95%
    Black 305 $123,655,000 $405,426 $8,571 5.96%
    American Indian 18 $7,750,000 $430,556 $9,926 5.65%
    Asian Indian 8 $3,750,000 $468,750 $8,387 6.50%
    Native Hawaiian or Islander 6 $2,500,000 $416,667 $10,341 5.58%
    Filipino 3 $915,000 $305,000 $9,623 5.67%
    Korean 2 $870,000 $435,000 $8,638 6.00%

    Approval Rates

    Total approvals of all applications
    94.02%

    Mattamy Home Funding has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.40%

    Mattamy Home Funding has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,666 $1,082,290,000 $405,960

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,666 $1,082,290,000 $405,960

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 126 $20,310,000 $161,190 $3,413 6.28%
    40-60% 229 $63,035,000 $275,262 $5,205 6.00%
    60-80% 652 $258,550,000 $396,549 $6,105 6.23%
    80-100% 1,590 $712,090,000 $447,855 $8,882 6.01%
    Over 100% 49 $26,375,000 $538,265 $20,824 5.78%
    Under 20% 20 $1,930,000 $96,500 $2,234 6.18%