Better Mortgage Corporation Rates, Fees & Info

Sacramento, CA

LEI: 549300XY701IELCE5Q08

Tax ID: 87-1691650

2020 Data | 2019 Data | 2018 Data


Overview

Better Mortgage Corporation is a large mortgage company specializing in Refi loans. Better Mortgage Corporation has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Seattle, Atlanta, Phoenix, Los Angeles, and Denver among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Better Mortgage Corporation is typically an average fee lendor.


Originations

59,962

Origination Dollar Volume (All Markets)

$19,666,210,000

Relative Rate

Better Mortgage Corporation's average 30 year fixed rate mortgage was 3.03%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.33%.

Relative Fees

Better Mortgage Corporation's average total fees for a 30 year fixed rate mortgage are $3,527.

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 $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 59,916 $19,654,380,000 $328,032 $3,430 2.87%
FHA 46 $11,830,000 $257,174 $7,363 3.14%

For the 2020 period, Better Mortgage Corporation's most frequently originated loan type was Conventional, with 59,916 originations. Their 2nd most popular type is FHA, with 46 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 52,586 $17,312,500,000 $329,223 $3,327 2.84%
Home Purchase 7,126 $2,290,620,000 $321,445 $4,231 3.09%
Home Improvement 155 $39,655,000 $255,839 $4,484 3.53%
Cash Out Refi 95 $23,435,000 $246,684 $4,883 3.66%

For the 2020, Better Mortgage Corporation's most frequently cited loan purpose was Refi, with 52,586 originations. The 2nd most popular reason was Home Purchase, with 7,126 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 37,112 $12,539,080,000 $337,871 $3,527 3.03%
15 Year 15,400 $4,746,580,000 $308,219 $3,540 2.52%
20 Year 7,450 $2,380,550,000 $319,537 $2,760 2.80%

For the 2020, Better Mortgage Corporation's most frequently cited loan length was 30 Year, with 37,112 originations. The 2nd most popular length was 15 Year, with 15,400 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 56,686 $18,829,160,000 $332,166

$3,527 was Better Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 56,686 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SEATTLE-BELLEVUE-KENT, WA 3,162 $1,294,140,000 $409,279 $3,421 2.78%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 2,923 $877,085,000 $300,063 $3,150 2.90%
PHOENIX-MESA-CHANDLER, AZ 2,407 $736,565,000 $306,010 $2,702 2.92%
LOS ANGELES-LONG BEACH-GLENDALE, CA 1,707 $716,965,000 $420,015 $3,771 2.82%
DENVER-AURORA-LAKEWOOD, CO 1,896 $660,880,000 $348,565 $3,031 2.88%
OAKLAND-BERKELEY-LIVERMORE, CA 1,403 $633,065,000 $451,222 $3,869 2.79%
Outside of Metro Areas 2,226 $621,180,000 $279,057 $3,691 2.95%
CHICAGO-NAPERVILLE-EVANSTON, IL 1,567 $493,815,000 $315,134 $2,870 2.87%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 1,376 $478,370,000 $347,653 $3,442 2.87%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 1,439 $434,855,000 $302,192 $2,831 2.89%
DALLAS-PLANO-IRVING, TX 1,343 $420,975,000 $313,459 $3,622 2.86%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 996 $403,750,000 $405,371 $3,531 2.82%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 1,386 $396,030,000 $285,736 $3,985 2.90%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 1,009 $393,475,000 $389,965 $4,581 2.78%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 1,211 $385,465,000 $318,303 $3,908 2.87%
BALTIMORE-COLUMBIA-TOWSON, MD 1,100 $355,680,000 $323,345 $2,698 2.83%
ANAHEIM-SANTA ANA-IRVINE, CA 821 $346,835,000 $422,454 $3,365 2.79%
RALEIGH-CARY, NC 1,113 $345,995,000 $310,867 $2,768 2.83%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 966 $333,380,000 $345,114 $3,101 2.86%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 689 $333,175,000 $483,563 $3,934 2.71%
NEW BRUNSWICK-LAKEWOOD, NJ 897 $316,135,000 $352,436 $3,550 2.71%
NEWARK, NJ-PA 816 $310,760,000 $380,833 $3,844 2.77%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 905 $299,415,000 $330,845 $3,161 2.91%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 728 $278,800,000 $382,967 $4,344 2.84%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 742 $268,780,000 $362,237 $2,925 2.76%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 498 $266,750,000 $535,643 $4,875 2.74%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 781 $257,905,000 $330,224 $4,553 2.72%
ORLANDO-KISSIMMEE-SANFORD, FL 777 $226,715,000 $291,782 $3,588 2.91%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 706 $203,620,000 $288,414 $3,503 2.86%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 590 $185,330,000 $314,119 $3,467 2.96%
PHILADELPHIA, PA 448 $138,990,000 $310,246 $4,657 2.84%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 386 $125,250,000 $324,482 $3,700 2.84%
BRIDGEPORT-STAMFORD-NORWALK, CT 317 $121,555,000 $383,454 $3,554 2.78%
DURHAM-CHAPEL HILL, NC 391 $118,685,000 $303,542 $2,955 2.86%
WARREN-TROY-FARMINGTON HILLS, MI 427 $115,265,000 $269,941 $3,186 2.91%
MIAMI-MIAMI BEACH-KENDALL, FL 350 $111,950,000 $319,857 $4,205 2.89%
KANSAS CITY, MO-KS 423 $111,375,000 $263,298 $2,487 2.89%
TACOMA-LAKEWOOD, WA 334 $110,730,000 $331,527 $3,567 2.90%
SALT LAKE CITY, UT 313 $103,925,000 $332,029 $3,288 2.93%
PITTSBURGH, PA 352 $102,710,000 $291,790 $4,289 2.82%
BOULDER, CO 283 $101,865,000 $359,947 $3,001 2.79%
JACKSONVILLE, FL 346 $98,530,000 $284,769 $3,644 2.92%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 365 $97,005,000 $265,767 $3,822 2.99%
INDIANAPOLIS-CARMEL-ANDERSON, IN 352 $93,540,000 $265,739 $2,452 2.96%
OXNARD-THOUSAND OAKS-VENTURA, CA 232 $92,450,000 $398,491 $3,692 2.80%
ST. LOUIS, MO-IL 338 $91,360,000 $270,296 $2,627 2.89%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 288 $90,490,000 $314,201 $3,737 2.89%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 306 $89,900,000 $293,791 $3,210 2.81%
BOISE CITY, ID 268 $80,800,000 $301,493 $4,360 2.94%
CHARLESTON-NORTH CHARLESTON, SC 264 $80,390,000 $304,508 $2,889 2.92%
SAN ANTONIO-NEW BRAUNFELS, TX 279 $78,875,000 $282,706 $4,066 2.95%
COLORADO SPRINGS, CO 250 $77,090,000 $308,360 $3,453 2.92%
CAMDEN, NJ 272 $75,250,000 $276,654 $3,241 2.83%
PROVIDENCE-WARWICK, RI-MA 218 $68,580,000 $314,587 $3,064 2.83%
NASSAU COUNTY-SUFFOLK COUNTY, NY 165 $68,455,000 $414,879 $7,305 2.85%
FORT COLLINS, CO 205 $67,295,000 $328,268 $3,075 2.86%
TUCSON, AZ 250 $66,550,000 $266,200 $2,623 2.92%
ALBUQUERQUE, NM 233 $64,745,000 $277,876 $3,754 2.84%
WILMINGTON, DE-MD-NJ 224 $64,720,000 $288,929 $3,787 2.82%
CINCINNATI, OH-KY-IN 212 $62,650,000 $295,519 $2,958 2.86%
BIRMINGHAM-HOOVER, AL 231 $61,635,000 $266,818 $2,916 2.93%
STOCKTON, CA 171 $59,965,000 $350,673 $3,463 2.82%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 183 $59,265,000 $323,852 $2,827 2.76%
COLUMBUS, OH 211 $59,255,000 $280,829 $2,870 2.90%
MILWAUKEE-WAUKESHA, WI 204 $57,850,000 $283,578 $2,485 2.89%
SANTA ROSA-PETALUMA, CA 150 $57,760,000 $385,067 $3,520 2.84%
GREENVILLE-ANDERSON, SC 206 $54,420,000 $264,175 $3,087 2.97%
TRENTON-PRINCETON, NJ 154 $52,820,000 $342,987 $3,441 2.69%
ASHEVILLE, NC 187 $52,715,000 $281,898 $3,353 2.95%
NEW HAVEN-MILFORD, CT 173 $51,815,000 $299,509 $3,130 2.85%
NORTH PORT-SARASOTA-BRADENTON, FL 171 $51,045,000 $298,509 $3,702 2.92%
VALLEJO, CA 139 $49,735,000 $357,806 $3,476 2.83%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 188 $49,510,000 $263,351 $2,200 2.93%
PORTLAND-SOUTH PORTLAND, ME 159 $48,255,000 $303,491 $3,762 2.83%
PALM BAY-MELBOURNE-TITUSVILLE, FL 165 $46,485,000 $281,727 $3,564 2.90%
FRESNO, CA 164 $45,840,000 $279,512 $3,150 3.04%
NEW ORLEANS-METAIRIE, LA 143 $44,995,000 $314,650 $3,989 2.91%
GREELEY, CO 129 $44,415,000 $344,302 $3,120 2.95%
MEMPHIS, TN-MS-AR 166 $44,250,000 $266,566 $3,287 3.04%
PROVO-OREM, UT 137 $43,405,000 $316,825 $3,797 2.95%
OKLAHOMA CITY, OK 154 $40,410,000 $262,403 $3,982 2.98%
SANTA MARIA-SANTA BARBARA, CA 96 $39,620,000 $412,708 $3,569 2.76%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 120 $39,570,000 $329,750 $3,278 2.81%
SALISBURY, MD-DE 130 $39,480,000 $303,692 $3,876 2.89%
SPOKANE-SPOKANE VALLEY, WA 137 $39,375,000 $287,409 $3,094 3.00%
CLEVELAND-ELYRIA, OH 153 $39,075,000 $255,392 $3,247 2.84%
SAN LUIS OBISPO-PASO ROBLES, CA 102 $38,670,000 $379,118 $3,569 2.79%
SAN RAFAEL, CA 72 $37,220,000 $516,944 $4,857 2.84%
ANN ARBOR, MI 125 $37,085,000 $296,680 $3,228 2.86%
BELLINGHAM, WA 107 $36,935,000 $345,187 $3,445 2.78%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 130 $35,950,000 $276,538 $4,004 2.76%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 140 $35,770,000 $255,500 $2,535 2.95%
OLYMPIA-LACEY-TUMWATER, WA 119 $35,445,000 $297,857 $3,539 2.83%
KNOXVILLE, TN 124 $34,230,000 $276,048 $3,510 2.91%
BEND, OR 98 $34,190,000 $348,878 $3,885 2.97%
DETROIT-DEARBORN-LIVONIA, MI 136 $33,180,000 $243,971 $3,084 2.99%
CAPE CORAL-FORT MYERS, FL 115 $33,085,000 $287,696 $4,163 2.85%
OMAHA-COUNCIL BLUFFS, NE-IA 128 $33,030,000 $258,047 $2,694 2.96%
SANTA CRUZ-WATSONVILLE, CA 71 $32,705,000 $460,634 $4,683 2.83%
ANCHORAGE, AK 96 $32,700,000 $340,625 $4,266 2.79%
BAKERSFIELD, CA 113 $32,265,000 $285,531 $3,090 2.93%
ELGIN, IL 118 $32,250,000 $273,305 $2,983 2.87%
TULSA, OK 110 $31,100,000 $282,727 $3,860 2.96%
GREENSBORO-HIGH POINT, NC 113 $30,365,000 $268,717 $3,170 2.95%
HUNTSVILLE, AL 112 $30,160,000 $269,286 $2,508 2.97%
GRAND RAPIDS-KENTWOOD, MI 111 $30,035,000 $270,586 $3,231 2.95%
MADISON, WI 99 $29,855,000 $301,566 $2,258 2.92%
DES MOINES-WEST DES MOINES, IA 114 $29,060,000 $254,912 $3,019 2.83%
COEUR D'ALENE, ID 92 $28,920,000 $314,348 $4,591 2.90%
EUGENE-SPRINGFIELD, OR 93 $28,355,000 $304,892 $3,911 3.01%
COLUMBIA, SC 108 $27,970,000 $258,981 $3,074 2.88%
WINSTON-SALEM, NC 103 $27,015,000 $262,282 $3,348 2.91%
KENNEWICK-RICHLAND, WA 88 $26,940,000 $306,136 $3,265 2.79%
SAVANNAH, GA 96 $26,130,000 $272,188 $3,323 2.95%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 100 $25,560,000 $255,600 $3,256 2.96%
MODESTO, CA 87 $25,265,000 $290,402 $3,032 2.96%
OGDEN-CLEARFIELD, UT 85 $25,145,000 $295,824 $3,555 2.86%
CHATTANOOGA, TN-GA 90 $23,970,000 $266,333 $3,338 2.94%
NAPLES-MARCO ISLAND, FL 75 $23,515,000 $313,533 $4,554 2.83%
SALINAS, CA 61 $23,475,000 $384,836 $3,782 2.75%
BATON ROUGE, LA 86 $23,390,000 $271,977 $3,489 2.99%
SANTA FE, NM 71 $22,415,000 $315,704 $3,438 2.87%
SALEM, OR 76 $21,910,000 $288,289 $3,871 3.08%
GARY, IN 89 $21,755,000 $244,438 $2,323 3.01%
HARRISBURG-CARLISLE, PA 79 $21,635,000 $273,861 $4,560 2.72%
FLAGSTAFF, AZ 68 $20,280,000 $298,235 $3,005 2.89%
PRESCOTT VALLEY-PRESCOTT, AZ 68 $19,940,000 $293,235 $2,550 2.91%
CHICO, CA 65 $19,615,000 $301,769 $3,118 3.08%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 74 $19,380,000 $261,892 $3,415 3.03%
WILMINGTON, NC 67 $18,705,000 $279,179 $3,051 2.95%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 56 $18,610,000 $332,321 $3,948 2.96%
PORT ST. LUCIE, FL 65 $18,075,000 $278,077 $3,821 2.96%
OCEAN CITY, NJ 49 $17,495,000 $357,041 $3,714 2.81%
LEXINGTON-FAYETTE, KY 65 $16,475,000 $253,462 $3,251 2.95%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 62 $15,920,000 $256,774 $2,453 2.98%
TALLAHASSEE, FL 56 $15,160,000 $270,714 $3,844 2.80%
HILTON HEAD ISLAND-BLUFFTON, SC 48 $15,030,000 $313,125 $3,302 2.98%
LANCASTER, PA 56 $14,990,000 $267,679 $4,950 2.76%
GAINESVILLE, GA 53 $14,985,000 $282,736 $3,722 2.90%
WENATCHEE, WA 47 $14,535,000 $309,255 $3,761 2.89%
NAPA, CA 32 $14,470,000 $452,188 $5,414 2.77%
AKRON, OH 56 $14,460,000 $258,214 $2,502 2.85%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 46 $14,300,000 $310,870 $5,737 2.89%
YORK-HANOVER, PA 58 $14,210,000 $245,000 $3,994 2.98%
GAINESVILLE, FL 58 $14,100,000 $243,103 $3,378 2.98%
CORVALLIS, OR 44 $13,690,000 $311,136 $4,275 2.80%
VISALIA, CA 51 $13,105,000 $256,961 $3,674 2.92%
AUGUSTA-RICHMOND COUNTY, GA-SC 57 $12,935,000 $226,930 $3,165 3.00%
DAPHNE-FAIRHOPE-FOLEY, AL 43 $12,865,000 $299,186 $2,677 3.06%
ATHENS-CLARKE COUNTY, GA 47 $12,695,000 $270,106 $3,193 2.77%
NORWICH-NEW LONDON, CT 43 $12,455,000 $289,651 $2,717 2.90%
MEDFORD, OR 38 $12,350,000 $325,000 $4,610 2.98%
CALIFORNIA-LEXINGTON PARK, MD 39 $11,555,000 $296,282 $3,523 2.80%
PENSACOLA-FERRY PASS-BRENT, FL 50 $11,450,000 $229,000 $3,263 3.05%
MOUNT VERNON-ANACORTES, WA 37 $11,445,000 $309,324 $3,026 2.78%
READING, PA 44 $11,240,000 $255,455 $4,736 2.80%
JACKSON, MS 46 $10,850,000 $235,870 $3,294 3.09%
LAKELAND-WINTER HAVEN, FL 49 $10,735,000 $219,082 $3,830 3.10%
MISSOULA, MT 39 $10,415,000 $267,051 $4,288 2.89%
MIDLAND, TX 34 $10,290,000 $302,647 $3,918 2.99%
WICHITA, KS 44 $10,010,000 $227,500 $2,594 2.93%
ST. GEORGE, UT 33 $9,645,000 $292,273 $3,161 2.98%
ALBANY-SCHENECTADY-TROY, NY 35 $9,595,000 $274,143 $5,090 2.90%
HICKORY-LENOIR-MORGANTON, NC 35 $9,525,000 $272,143 $2,818 2.94%
LAKE HAVASU CITY-KINGMAN, AZ 33 $9,445,000 $286,212 $3,023 3.07%
HAGERSTOWN-MARTINSBURG, MD-WV 41 $9,365,000 $228,415 $3,195 3.01%
DAYTON-KETTERING, OH 39 $8,765,000 $224,744 $3,004 2.89%
LANSING-EAST LANSING, MI 38 $8,730,000 $229,737 $2,684 3.11%
REDDING, CA 30 $8,420,000 $280,667 $3,646 2.92%
MADERA, CA 29 $8,235,000 $283,966 $3,517 3.00%
BILLINGS, MT 28 $8,130,000 $290,357 $4,255 2.92%
COLLEGE STATION-BRYAN, TX 33 $8,115,000 $245,909 $3,845 2.85%
GRAND JUNCTION, CO 27 $8,025,000 $297,222 $3,388 2.91%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 28 $7,850,000 $280,357 $2,777 3.07%
SEBASTIAN-VERO BEACH, FL 26 $7,770,000 $298,846 $3,757 2.91%
PANAMA CITY, FL 27 $7,645,000 $283,148 $3,415 3.02%
SCRANTON--WILKES-BARRE, PA 33 $7,605,000 $230,455 $4,443 2.95%
SPRINGFIELD, MO 34 $7,560,000 $222,353 $2,447 2.92%
SPARTANBURG, SC 31 $7,375,000 $237,903 $2,943 3.06%
STATE COLLEGE, PA 26 $7,300,000 $280,769 $3,692 2.83%
EL PASO, TX 35 $7,185,000 $205,286 $3,211 2.99%
BURLINGTON, NC 28 $7,050,000 $251,786 $3,346 3.04%
MERCED, CA 27 $7,035,000 $260,556 $3,339 3.10%
LAS CRUCES, NM 29 $7,005,000 $241,552 $2,951 3.09%
CHEYENNE, WY 21 $6,755,000 $321,667 $3,492 3.17%
LINCOLN, NE 28 $6,730,000 $240,357 $2,567 2.89%
LOGAN, UT-ID 21 $6,685,000 $318,333 $3,819 2.98%
LAFAYETTE, LA 31 $6,445,000 $207,903 $3,344 3.25%
FARGO, ND-MN 23 $6,415,000 $278,913 $2,808 2.95%
APPLETON, WI 21 $6,395,000 $304,524 $2,675 2.93%
PUNTA GORDA, FL 21 $6,385,000 $304,048 $3,154 2.98%
ATLANTIC CITY-HAMMONTON, NJ 23 $6,365,000 $276,739 $3,907 2.74%
ROCHESTER, NY 25 $6,365,000 $254,600 $6,065 2.82%
BUFFALO-CHEEKTOWAGA, NY 23 $6,355,000 $276,304 $5,274 2.80%
GULFPORT-BILOXI, MS 25 $6,265,000 $250,600 $4,400 2.96%
COLUMBUS, GA-AL 25 $6,215,000 $248,600 $3,053 2.99%
GREEN BAY, WI 21 $6,135,000 $292,143 $2,785 3.02%
IDAHO FALLS, ID 22 $5,970,000 $271,364 $4,413 2.99%
DOVER, DE 24 $5,840,000 $243,333 $3,124 2.96%
MONTGOMERY, AL 26 $5,800,000 $223,077 $3,304 3.01%
YAKIMA, WA 21 $5,775,000 $275,000 $4,097 3.14%
CLARKSVILLE, TN-KY 24 $5,770,000 $240,417 $3,595 3.17%
PEORIA, IL 23 $5,755,000 $250,217 $2,575 3.02%
KINGSTON, NY 21 $5,645,000 $268,810 $6,058 3.15%
LONGVIEW, WA 20 $5,570,000 $278,500 $2,708 3.05%
OCALA, FL 29 $5,565,000 $191,897 $3,881 3.17%
EAST STROUDSBURG, PA 25 $5,545,000 $221,800 $4,291 3.24%
KALAMAZOO-PORTAGE, MI 21 $5,395,000 $256,905 $4,180 3.02%
SOUTH BEND-MISHAWAKA, IN-MI 22 $5,370,000 $244,091 $2,395 3.15%
KILLEEN-TEMPLE, TX 24 $5,360,000 $223,333 $3,657 3.10%
COLUMBIA, MO 21 $5,305,000 $252,619 $2,103 2.96%
GREENVILLE, NC 20 $5,290,000 $264,500 $2,862 2.92%
WARNER ROBINS, GA 24 $5,120,000 $213,333 $2,241 3.06%
AUBURN-OPELIKA, AL 22 $5,020,000 $228,182 $2,551 3.02%
THE VILLAGES, FL 18 $4,980,000 $276,667 $3,830 2.93%
WACO, TX 20 $4,880,000 $244,000 $3,245 3.00%
SIOUX FALLS, SD 17 $4,845,000 $285,000 $3,234 2.94%
MACON-BIBB COUNTY, GA 21 $4,835,000 $230,238 $4,397 2.82%
MOBILE, AL 20 $4,810,000 $240,500 $3,872 3.16%
YUBA CITY, CA 16 $4,790,000 $299,375 $2,986 2.95%
MORGANTOWN, WV 16 $4,710,000 $294,375 $3,447 2.87%
BLOOMINGTON, IN 19 $4,545,000 $239,211 $2,206 3.01%
ROME, GA 21 $4,495,000 $214,048 $2,930 3.21%
HOUMA-THIBODAUX, LA 16 $4,330,000 $270,625 $5,185 3.00%
TOLEDO, OH 19 $4,265,000 $224,474 $2,409 2.88%
BISMARCK, ND 14 $4,220,000 $301,429 $3,316 2.71%
CORPUS CHRISTI, TX 19 $4,215,000 $221,842 $4,304 3.22%
TUSCALOOSA, AL 16 $4,210,000 $263,125 $3,192 2.80%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 12 $4,120,000 $343,333 $2,207 3.07%
OSHKOSH-NEENAH, WI 14 $3,980,000 $284,286 $2,759 3.01%
FAYETTEVILLE, NC 21 $3,975,000 $189,286 $2,747 3.33%
WALLA WALLA, WA 14 $3,910,000 $279,286 $3,913 2.96%
JOHNSON CITY, TN 17 $3,885,000 $228,529 $2,817 2.96%
FORT WAYNE, IN 15 $3,885,000 $259,000 $2,616 2.80%
ALBANY-LEBANON, OR 13 $3,835,000 $295,000 $4,908 3.05%
RAPID CITY, SD 12 $3,690,000 $307,500 $2,936 2.79%
HANFORD-CORCORAN, CA 15 $3,625,000 $241,667 $4,432 3.03%
YUMA, AZ 16 $3,620,000 $226,250 $2,539 3.03%
BRUNSWICK, GA 15 $3,555,000 $237,000 $3,053 2.83%
MONROE, MI 14 $3,490,000 $249,286 $4,145 2.82%
AMES, IA 13 $3,475,000 $267,308 $2,578 2.85%
MCALLEN-EDINBURG-MISSION, TX 16 $3,430,000 $214,375 $3,703 3.05%
CHARLESTON, WV 13 $3,385,000 $260,385 $4,480 3.00%
KINGSPORT-BRISTOL, TN-VA 12 $3,330,000 $277,500 $2,921 2.81%
COLUMBUS, IN 13 $3,325,000 $255,769 $1,895 2.76%
SYRACUSE, NY 12 $3,310,000 $275,833 $5,773 2.91%
CANTON-MASSILLON, OH 14 $3,200,000 $228,571 $3,624 2.96%
HATTIESBURG, MS 11 $3,155,000 $286,818 $2,550 3.02%
RACINE, WI 11 $3,075,000 $279,545 $1,613 2.83%
HOMOSASSA SPRINGS, FL 13 $3,065,000 $235,769 $4,028 3.00%
SHEBOYGAN, WI 12 $3,060,000 $255,000 $2,651 3.19%
NILES, MI 12 $3,050,000 $254,167 $3,918 2.86%
GETTYSBURG, PA 11 $2,885,000 $262,273 $4,572 2.98%
TYLER, TX 14 $2,820,000 $201,429 $3,438 3.18%
CASPER, WY 8 $2,730,000 $341,250 $3,055 3.05%
BEAUMONT-PORT ARTHUR, TX 12 $2,720,000 $226,667 $3,919 3.21%
BLOOMSBURG-BERWICK, PA 11 $2,705,000 $245,909 $4,082 2.91%
JACKSON, TN 11 $2,705,000 $245,909 $2,973 2.86%
SHREVEPORT-BOSSIER CITY, LA 12 $2,690,000 $224,167 $3,438 3.15%
CLEVELAND, TN 13 $2,685,000 $206,538 $3,125 2.97%
WORCESTER, MA-CT 13 $2,655,000 $204,231 $3,151 3.16%
MORRISTOWN, TN 10 $2,540,000 $254,000 $2,330 2.81%
PUEBLO, CO 10 $2,510,000 $251,000 $3,780 2.85%
LAKE CHARLES, LA 11 $2,505,000 $227,727 $3,055 3.17%
LEBANON, PA 9 $2,485,000 $276,111 $4,015 2.60%
IOWA CITY, IA 10 $2,400,000 $240,000 $3,203 3.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 10 $2,380,000 $238,000 $1,928 2.96%
CHAMBERSBURG-WAYNESBORO, PA 10 $2,370,000 $237,000 $4,726 2.68%
FLORENCE-MUSCLE SHOALS, AL 8 $2,370,000 $296,250 $2,576 2.75%
HUNTINGTON-ASHLAND, WV-KY-OH 12 $2,350,000 $195,833 $2,480 3.10%
LAFAYETTE-WEST LAFAYETTE, IN 11 $2,325,000 $211,364 $2,071 3.01%
ALBANY, GA 10 $2,320,000 $232,000 $3,588 3.15%
LAWRENCE, KS 8 $2,310,000 $288,750 $2,023 2.81%
NEW BERN, NC 9 $2,305,000 $256,111 $2,361 2.93%
LA CROSSE-ONALASKA, WI-MN 7 $2,305,000 $329,286 $2,242 2.82%
EVANSVILLE, IN-KY 9 $2,295,000 $255,000 $2,308 2.92%
AMARILLO, TX 9 $2,265,000 $251,667 $3,384 3.08%
DECATUR, AL 8 $2,170,000 $271,250 $2,305 3.09%
SIERRA VISTA-DOUGLAS, AZ 10 $2,140,000 $214,000 $3,793 3.06%
FORT SMITH, AR-OK 9 $2,115,000 $235,000 $3,659 3.14%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 10 $2,100,000 $210,000 $3,908 2.95%
WAUSAU-WESTON, WI 8 $2,020,000 $252,500 $2,380 2.86%
TOPEKA, KS 10 $1,990,000 $199,000 $1,858 2.94%
DOTHAN, AL 10 $1,990,000 $199,000 $2,774 2.98%
FLORENCE, SC 8 $1,980,000 $247,500 $2,866 2.81%
FLINT, MI 10 $1,970,000 $197,000 $2,152 3.38%
TWIN FALLS, ID 8 $1,910,000 $238,750 $3,502 3.22%
LUBBOCK, TX 10 $1,900,000 $190,000 $3,613 3.09%
CHAMPAIGN-URBANA, IL 8 $1,870,000 $233,750 $2,229 2.66%
DALTON, GA 6 $1,870,000 $311,667 $3,700 2.77%
ERIE, PA 8 $1,820,000 $227,500 $3,094 3.03%
BLOOMINGTON, IL 7 $1,805,000 $257,857 $1,839 2.77%
BOWLING GREEN, KY 8 $1,790,000 $223,750 $1,944 2.95%
GREAT FALLS, MT 6 $1,770,000 $295,000 $6,567 3.17%
LEWISTON-AUBURN, ME 6 $1,770,000 $295,000 $2,103 2.77%
CAPE GIRARDEAU, MO-IL 6 $1,760,000 $293,333 $4,280 2.88%
JACKSONVILLE, NC 8 $1,750,000 $218,750 $2,725 3.14%
GRAND FORKS, ND-MN 6 $1,710,000 $285,000 $1,880 2.75%
SAGINAW, MI 6 $1,670,000 $278,333 $4,523 2.92%
JONESBORO, AR 9 $1,665,000 $185,000 $3,120 2.94%
WILLIAMSPORT, PA 7 $1,625,000 $232,143 $4,329 2.93%
MICHIGAN CITY-LA PORTE, IN 8 $1,610,000 $201,250 $4,024 3.17%
FOND DU LAC, WI 5 $1,605,000 $321,000 $2,772 2.60%
ELIZABETHTOWN-FORT KNOX, KY 6 $1,560,000 $260,000 $5,304 2.77%
ABILENE, TX 6 $1,550,000 $258,333 $4,595 2.92%
LONGVIEW, TX 6 $1,490,000 $248,333 $2,860 3.00%
HOT SPRINGS, AR 6 $1,450,000 $241,667 $2,814 3.08%
SHERMAN-DENISON, TX 6 $1,440,000 $240,000 $4,629 2.69%
GRANTS PASS, OR 6 $1,430,000 $238,333 $4,984 2.92%
VALDOSTA, GA 6 $1,370,000 $228,333 $2,782 2.58%
CEDAR RAPIDS, IA 5 $1,315,000 $263,000 $2,806 2.83%
ROCKFORD, IL 8 $1,270,000 $158,750 $3,837 2.88%
WHEELING, WV-OH 5 $1,255,000 $251,000 $2,991 3.00%
FAIRBANKS, AK 5 $1,235,000 $247,000 $3,609 2.68%
PARKERSBURG-VIENNA, WV 5 $1,215,000 $243,000 $2,975 3.10%
EL CENTRO, CA 4 $1,210,000 $302,500 $3,541 2.88%
ROCKY MOUNT, NC 5 $1,205,000 $241,000 $3,142 3.20%
GOLDSBORO, NC 6 $1,180,000 $196,667 $3,055 2.75%
BECKLEY, WV 5 $1,175,000 $235,000 $2,697 2.95%
UTICA-ROME, NY 6 $1,140,000 $190,000 $4,323 3.06%
TEXARKANA, TX-AR 5 $1,065,000 $213,000 $2,845 3.00%
ELKHART-GOSHEN, IN 5 $1,055,000 $211,000 $1,568 3.30%
EAU CLAIRE, WI 5 $1,055,000 $211,000 $2,290 3.00%
BANGOR, ME 3 $1,025,000 $341,667 $2,752 3.17%
JACKSON, MI 5 $1,025,000 $205,000 $3,832 3.48%
ANNISTON-OXFORD, AL 5 $1,005,000 $201,000 $3,213 3.08%
MANHATTAN, KS 5 $975,000 $195,000 $3,343 3.33%
MUSKEGON, MI 5 $965,000 $193,000 $2,310 3.13%
ALEXANDRIA, LA 3 $945,000 $315,000 $2,694 2.92%
VICTORIA, TX 4 $930,000 $232,500 $2,445 3.44%
FARMINGTON, NM 4 $920,000 $230,000 $4,624 2.91%
DULUTH, MN-WI 3 $915,000 $305,000 $1,534 2.92%
LAWTON, OK 4 $910,000 $227,500 $4,641 2.78%
BROWNSVILLE-HARLINGEN, TX 5 $885,000 $177,000 $4,176 2.75%
MANSFIELD, OH 4 $880,000 $220,000 $3,711 2.78%
WEIRTON-STEUBENVILLE, WV-OH 4 $850,000 $212,500 $2,987 3.00%
MIDLAND, MI 3 $845,000 $281,667 $2,537 2.96%
LAREDO, TX 4 $840,000 $210,000 $3,975 3.13%
SPRINGFIELD, IL 3 $825,000 $275,000 $3,184 2.92%
CARBONDALE-MARION, IL 3 $815,000 $271,667 $2,508 3.17%
CUMBERLAND, MD-WV 3 $795,000 $265,000 $2,991 2.92%
JANESVILLE-BELOIT, WI 3 $785,000 $261,667 $3,321 3.04%
DUBUQUE, IA 3 $785,000 $261,667 $4,302 2.63%
ITHACA, NY 3 $785,000 $261,667 $5,938 3.08%
VINELAND-BRIDGETON, NJ 4 $750,000 $187,500 $3,240 2.75%
WATERLOO-CEDAR FALLS, IA 4 $740,000 $185,000 $1,943 2.78%
MONROE, LA 4 $730,000 $182,500 $4,473 2.78%
POCATELLO, ID 3 $715,000 $238,333 $5,174 2.67%
MUNCIE, IN 3 $705,000 $235,000 $3,605 2.92%
KANKAKEE, IL 5 $675,000 $135,000 $3,096 3.70%
ODESSA, TX 3 $665,000 $221,667 $5,269 2.79%
GADSDEN, AL 3 $655,000 $218,333 $5,198 2.83%
HAMMOND, LA 2 $650,000 $325,000 $3,562 3.13%
ALTOONA, PA 2 $590,000 $295,000 $7,123 2.50%
OWENSBORO, KY 3 $565,000 $188,333 $2,036 3.46%
TERRE HAUTE, IN 2 $530,000 $265,000 $2,332 3.00%
WICHITA FALLS, TX 2 $520,000 $260,000 $1,994 2.25%
BATTLE CREEK, MI 3 $475,000 $158,333 $2,761 3.04%
SUMTER, SC 2 $460,000 $230,000 $2,716 3.25%
JOPLIN, MO 3 $425,000 $141,667 $1,806 3.04%
GLENS FALLS, NY 2 $420,000 $210,000 $3,894 3.25%
LEWISTON, ID-WA 2 $380,000 $190,000 $3,913 3.00%
JOHNSTOWN, PA 2 $370,000 $185,000 $2,521 3.44%
DECATUR, IL 2 $370,000 $185,000 $1,991 3.31%
SEBRING-AVON PARK, FL 3 $365,000 $121,667 $4,478 3.46%
SPRINGFIELD, OH 2 $350,000 $175,000 $2,650 3.13%
BAY CITY, MI 1 $345,000 $345,000 $2,022 2.50%
SAN ANGELO, TX 2 $340,000 $170,000 $4,890 3.19%
JEFFERSON CITY, MO 1 $335,000 $335,000 $756 2.63%
KOKOMO, IN 1 $315,000 $315,000 $4,341 2.50%
BINGHAMTON, NY 2 $310,000 $155,000 $3,462 3.44%
ST. JOSEPH, MO-KS 2 $290,000 $145,000 $2,657 3.88%
WATERTOWN-FORT DRUM, NY 1 $245,000 $245,000 $3,188 3.00%
WINCHESTER, VA-WV 1 $105,000 $105,000 $3,295 2.63%
HINESVILLE, GA 1 $65,000 $65,000 $0 4.63%

Better Mortgage Corporation's top markets include Seattle, Atlanta, Phoenix, Los Angeles, and Denver among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 24,738 $8,249,060,000 $333,457
<2.5% 17,792 $6,093,240,000 $342,471
3-4% 16,585 $5,161,865,000 $311,237
4-5% 769 $147,375,000 $191,645
5-6% 78 $14,670,000 $188,077

During 2020, Better Mortgage Corporation's average interest rate was 3.03%, while their most frequently originated rate bucket was 2.5-3%, with 24,738 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 37,686 $11,316,570,000 $300,286 $3,220 2.84%
$400k-600k 12,865 $5,919,325,000 $460,111 $3,736 2.78%
$100k-200k 7,397 $1,188,875,000 $160,724 $3,195 3.10%
$600k-1MM 1,351 $961,035,000 $711,351 $6,878 2.90%
$100,000 or less 483 $41,885,000 $86,718 $2,781 3.74%
$1MM+ 180 $238,520,000 $1,325,111 $10,199 3.18%

2020 saw Better Mortgage Corporation place emphasis on $200k-400k loans with 37,686 originations, totaling $11,316,570,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 20,662 $6,598,550,000 $319,357 $3,286 2.87%
$150k-250k 17,862 $6,572,600,000 $367,966 $3,506 2.81%
$75k-100k 9,341 $2,632,415,000 $281,813 $3,309 2.92%
$50k-75k 5,620 $1,339,570,000 $238,358 $3,356 3.00%
$250k+ 5,195 $2,294,555,000 $441,685 $4,195 2.79%
$50k or less 1,282 $228,520,000 $178,253 $3,215 3.09%

Better Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 20,662 originations. The second most popular income band? $150k-250k, with 17,862 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 20,499 $6,757,775,000 $329,664 $3,340 2.84%
30-36% 10,894 $3,657,680,000 $335,752 $3,445 2.88%
<20% 10,147 $3,119,725,000 $307,453 $3,232 2.80%
36% 1,652 $552,780,000 $334,613 $3,468 2.92%
37% 1,624 $558,450,000 $343,873 $3,556 2.92%
38% 1,548 $525,520,000 $339,483 $3,661 2.90%
39% 1,507 $513,525,000 $340,760 $3,535 2.91%
41% 1,417 $481,145,000 $339,552 $3,812 2.94%
44% 1,410 $453,100,000 $321,348 $3,829 2.94%
42% 1,402 $473,770,000 $337,924 $3,884 2.95%
40% 1,397 $487,865,000 $349,223 $3,680 2.93%
43% 1,305 $422,405,000 $323,682 $3,726 2.93%
49% 1,084 $352,560,000 $325,240 $3,675 2.94%
45% 1,017 $330,355,000 $324,833 $3,580 2.93%
46% 1,013 $322,065,000 $317,932 $3,480 2.96%
47% 1,004 $319,920,000 $318,645 $3,668 2.93%
48% 997 $322,295,000 $323,265 $3,562 2.96%
50-60% 41 $13,975,000 $340,854 $4,924 3.19%
>60% 4 $1,300,000 $325,000 $3,967 3.22%

Better Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 20,499 originations. The next most common DTI ratio? 30-36%, with 10,894 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 35,708 $11,459,130,000 $320,912 $3,556 2.89%
Not provided 12,482 $4,160,420,000 $333,314 $3,326 2.86%
Asian 6,542 $2,268,120,000 $346,701 $3,112 2.82%
Asian Indian 2,513 $904,215,000 $359,815 $2,752 2.64%
Black 1,468 $435,240,000 $296,485 $3,735 3.01%
Chinese 389 $149,455,000 $384,203 $3,376 2.72%
Filipino 216 $74,980,000 $347,130 $4,119 2.73%
Korean 211 $73,455,000 $348,128 $3,301 2.66%
American Indian 184 $57,330,000 $311,576 $3,722 2.89%
Vietnamese 141 $46,005,000 $326,277 $3,193 2.74%
Japanese 53 $19,805,000 $373,679 $3,748 2.75%
Native Hawaiian 35 $11,695,000 $334,143 $3,580 3.30%
Other Pacific Islander 16 $5,000,000 $312,500 $2,625 2.83%
Native Hawiian 2 $800,000 $400,000 $8,092 2.75%
Guamanian 2 $560,000 $280,000 $5,416 3.00%

Approval Rates

Total approvals of all applications
90.51%

Better Mortgage Corporation has an average approval rate.

Pick Rate

Approvals leading to origination
62.55%

Better Mortgage Corporation 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 59,962 $19,666,210,000 $327,978

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Site-Built 59,962 $19,666,210,000 $327,978

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 3,718 $1,161,250,000 $312,332 $3,329 2.69%
40-60% 13,281 $4,306,155,000 $324,234 $3,204 2.74%
60-80% 30,303 $10,080,815,000 $332,667 $3,496 2.90%
80-100% 12,395 $4,040,465,000 $325,975 $3,550 2.98%
Over 100% 1 $155,000 $155,000 $0 3.00%
Under 20% 264 $77,370,000 $293,068 $3,499 2.71%