Mattamy Home Funding Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300XECJ0294F1ZG19

Tax ID: 26-2597540

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & 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. Their top markets by origination volume include: Charlotte, Phoenix, Jacksonville, Orlando, and Raleigh 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 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 6.78% 4/21/24
    30 Year Conventional Refi 5.60% 4/21/24
    30 Year Cash-out Refi 6.63% 4/21/24
    30 Year FHA Purchase 7.11% 4/21/24
    30 Year VA Purchase 6.16% 4/21/24
    15 Year Conventional Purchase 6.21% 4/21/24
    15 Year FHA Purchase 5.68% 4/21/24
    15 Year VA Purchase 5.68% 4/21/24
    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.

    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

    2,202

    Origination Dollar Volume (All Markets)

    $842,350,000
    Show all (10) awards

    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) 354 $139,100,000 $392,938 $7,615 4.79%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 311 $137,015,000 $440,563 $10,804 4.41%
    JACKSONVILLE, FL (FHA|USDA|VA) 366 $131,640,000 $359,672 $8,889 4.75%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 278 $105,300,000 $378,777 $8,639 4.77%
    RALEIGH-CARY, NC (FHA|USDA|VA) 207 $79,555,000 $384,324 $7,447 4.51%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 150 $51,200,000 $341,333 $8,327 4.64%
    TUCSON, AZ (FHA|USDA|VA) 126 $49,950,000 $396,429 $10,761 4.52%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 124 $42,110,000 $339,597 $7,225 4.52%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 122 $39,940,000 $327,377 $7,548 5.20%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 80 $35,440,000 $443,000 $10,097 5.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 30 $12,490,000 $416,333 $7,736 4.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 27 $10,155,000 $376,111 $9,269 4.44%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 20 $5,380,000 $269,000 $6,486 4.50%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 4 $1,980,000 $495,000 $6,642 5.47%
    FAYETTEVILLE, NC (FHA|USDA|VA) 3 $1,095,000 $365,000 $6,888 6.17%
    Mattamy Home Funding's top markets include Charlotte, Phoenix, Jacksonville, Orlando, and Raleigh among others.

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

    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 180
    PIMA Federal Credit Union
    Similarity Rank: 252
    RAILROAD & INDUSTRIAL
    Similarity Rank: 335
    SAN ANTONIO CITIZENS
    Similarity Rank: 340
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 357
    First Credit Union
    Similarity Rank: 450
    CRESTMARK MORTGAGE COMPANY, LTD.
    Similarity Rank: 609
    First State Bank
    Similarity Rank: 660
    THE MORTGAGE WAREHOUSE,LLC
    Similarity Rank: 714
    INSIGHT
    Similarity Rank: 780

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,724 $645,890,000 $374,646 $7,560 4.77%
    VA 266 $118,810,000 $446,654 $12,681 4.34%
    FHA 212 $77,650,000 $366,274 $12,901 4.43%

    For 2022, Mattamy Home Funding's most frequently originated type of loan was Conventional, with 1,724 originations. Their 2nd most popular type was VA, with 266 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,199 $841,325,000 $382,594 $8,698 4.68%
    Cash Out Refi 2 $770,000 $385,000 $7,305 4.56%
    Refi 1 $255,000 $255,000 $0 4.38%

    For 2022, Mattamy Home Funding's most frequently cited loan purpose was Home Purchase, with 2,199 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,111 $814,105,000 $385,649 $8,781 4.71%
    15 Year 76 $23,610,000 $310,658 $6,723 4.10%
    20 Year 12 $4,010,000 $334,167 $6,606 4.35%
    10 Year 3 $625,000 $208,333 $4,673 4.13%

    For 2022, Mattamy Home Funding's most frequently cited loan duration was 30 Year, with 2,111 originations. The 2nd most popular length was 15 Year, with 76 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 783 $303,545,000 $387,669
    $5k+ 608 $252,470,000 $415,247
    $2k-3k 225 $78,685,000 $349,711
    $3k-4k 214 $80,390,000 $375,654
    $4k-5k 190 $72,360,000 $380,842
    $<1k 182 $54,900,000 $301,648

    Mattamy Home Funding's average total fees were $8,781, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 783 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 752 $294,220,000 $391,250
    3-4% 597 $220,565,000 $369,456
    5-6% 576 $220,470,000 $382,760
    6-7% 178 $70,610,000 $396,685
    2.5-3% 66 $25,590,000 $387,727
    7-8% 24 $7,400,000 $308,333
    <2.5% 9 $3,495,000 $388,333

    During 2022, Mattamy Home Funding's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 752 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,119 $363,315,000 $324,678 $8,052 4.60%
    $400k-600k 873 $411,285,000 $471,117 $9,835 4.73%
    $100k-200k 114 $17,430,000 $152,895 $4,632 5.00%
    $600k-1MM 75 $48,725,000 $649,667 $12,790 4.84%
    $100,000 or less 21 $1,595,000 $75,952 $2,760 5.09%

    2022 saw Mattamy Home Funding place emphasis on $200k-400k loans with 1,119 originations, totaling $363,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 800 $317,700,000 $397,125 $8,865 4.71%
    $150k-250k 446 $199,470,000 $447,242 $9,386 4.86%
    $75k-100k 435 $153,605,000 $353,115 $8,384 4.66%
    $50k-75k 311 $96,805,000 $311,270 $8,475 4.39%
    $250k+ 107 $45,755,000 $427,617 $8,130 4.80%
    $50k or less 103 $29,015,000 $281,699 $6,899 4.58%

    Mattamy Home Funding lent most frequently to those with incomes in the $100k-150k range, with 800 originations. The second most popular income band? $150k-250k, with 446 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 393 $152,965,000 $389,224 $8,017 4.61%
    20-30% 362 $130,450,000 $360,359 $7,926 4.64%
    50-60% 166 $65,320,000 $393,494 $12,465 4.49%
    49% 113 $41,605,000 $368,186 $9,094 4.81%
    48% 101 $38,385,000 $380,050 $8,584 4.84%
    42% 100 $38,230,000 $382,300 $9,522 4.71%
    47% 96 $36,040,000 $375,417 $8,069 4.98%
    <20% 91 $27,485,000 $302,033 $7,113 4.43%
    43% 87 $33,285,000 $382,586 $8,448 4.69%
    44% 85 $35,175,000 $413,824 $8,399 4.76%
    39% 83 $33,475,000 $403,313 $9,076 4.57%
    38% 81 $32,485,000 $401,049 $8,671 4.67%
    45% 79 $31,155,000 $394,367 $8,566 4.89%
    40% 77 $31,175,000 $404,870 $8,280 4.73%
    41% 73 $31,415,000 $430,342 $8,676 4.73%
    46% 73 $27,115,000 $371,438 $9,124 4.90%
    37% 68 $25,500,000 $375,000 $8,056 4.67%
    36% 61 $24,945,000 $408,934 $8,805 4.75%
    >60% 13 $6,145,000 $472,692 $13,837 4.92%

    Mattamy Home Funding lent most frequently to those with DTI ratios of 30-36%, with 393 originations. The next most common DTI ratio? 20-30%, with 362 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,312 $486,290,000 $370,648 $8,710 4.67%
    Asian 341 $136,585,000 $400,543 $8,193 4.69%
    Black 266 $108,020,000 $406,090 $8,925 4.73%
    Not provided 251 $98,085,000 $390,777 $8,936 4.65%
    American Indian 15 $5,855,000 $390,333 $8,124 5.00%
    Asian Indian 9 $3,965,000 $440,556 $11,949 4.85%
    Filipino 4 $1,640,000 $410,000 $6,443 5.13%
    Native Hawaiian or Islander 3 $1,565,000 $521,667 $11,621 4.42%
    Other Asian 1 $345,000 $345,000 $13,105 4.63%

    Approval Rates

    Total approvals of all applications
    94.56%

    Mattamy Home Funding has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.57%

    Mattamy Home Funding 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 2,202 $842,350,000 $382,539

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,202 $842,350,000 $382,539

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 110 $17,770,000 $161,545 $4,690 5.07%
    40-60% 190 $49,880,000 $262,526 $7,285 4.71%
    60-80% 494 $184,440,000 $373,360 $8,212 4.70%
    80-100% 1,323 $557,675,000 $421,523 $8,868 4.66%
    Over 100% 66 $31,060,000 $470,606 $21,129 4.11%
    Under 20% 19 $1,525,000 $80,263 $3,041 5.23%