Better Mortgage Corporation Rates, Fees & Info
Sacramento, CALEI: 549300XY701IELCE5Q08
Tax ID: 87-1691650
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Mortgage Data
Review & Overview
Better Mortgage Corporation is a small mortgage company specializing in Home Purchase and Cash Out Refi loans. Better Mortgage Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Atlanta, Los Angeles, New York, and Dallas among others. We have data for 250 markets. (Some data included below & more in-depth data is available with an active subscription.)Better Mortgage Corporation 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. Better Mortgage Corporation is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.39% | 4/19/24 |
| 30 Year Conventional Refi | 6.25% | 4/19/24 |
| 30 Year Cash-out Refi | 6.47% | 4/19/24 |
| 30 Year FHA Purchase | 7.19% | 4/19/24 |
| 30 Year FHA Refi | 6.42% | 4/19/24 |
| 30 Year VA Purchase | 5.47% | 4/19/24 |
| 30 Year VA Refi | 6.27% | 4/19/24 |
| 15 Year Conventional Purchase | 5.82% | 4/19/24 |
| 15 Year Conventional Refi | 5.71% | 4/19/24 |
| 15 Year Cash-out Refi | 5.71% | 4/19/24 |
| 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. | ||
Better Mortgage Corporation Mortgage Calculator
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This is not an official calculator from Better Mortgage Corporation. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,652Origination Dollar Volume (All Markets)
$1,096,100,000Awards
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BETTER MORTGAGE CORPORATION - 2018
BETTER MORTGAGE CORPORATION is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 245 | $109,455,000 | $446,755 | $2,983 | 4.37% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 348 | $89,200,000 | $256,322 | $2,617 | 4.52% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 144 | $62,550,000 | $434,375 | $3,437 | 4.35% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 168 | $55,490,000 | $330,298 | $4,010 | 4.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 159 | $47,285,000 | $297,390 | $3,782 | 4.41% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 93 | $46,255,000 | $497,366 | $4,200 | 4.18% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 115 | $39,175,000 | $340,652 | $2,824 | 4.40% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 143 | $38,935,000 | $272,273 | $3,964 | 4.53% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 130 | $36,620,000 | $281,692 | $3,510 | 4.35% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 130 | $34,530,000 | $265,615 | $3,809 | 4.35% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 118 | $32,100,000 | $272,034 | $3,510 | 4.40% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 93 | $30,075,000 | $323,387 | $2,949 | 4.42% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 105 | $27,175,000 | $258,810 | $2,796 | 4.47% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 86 | $26,550,000 | $308,721 | $3,911 | 4.34% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 51 | $21,145,000 | $414,608 | $3,170 | 4.46% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 71 | $19,505,000 | $274,718 | $2,559 | 4.48% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 58 | $19,420,000 | $334,828 | $2,783 | 4.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 73 | $19,265,000 | $263,904 | $3,194 | 4.49% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 67 | $17,075,000 | $254,851 | $3,127 | 4.41% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 54 | $14,860,000 | $275,185 | $2,852 | 4.50% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 53 | $14,625,000 | $275,943 | $2,413 | 4.45% |
| PITTSBURGH, PA (FHA|USDA|VA) | 56 | $14,350,000 | $256,250 | $3,009 | 4.41% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 44 | $12,140,000 | $275,909 | $2,235 | 4.48% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 22 | $11,410,000 | $518,636 | $3,656 | 4.08% |
| Outside of Metro Areas | 48 | $11,320,000 | $235,833 | $2,769 | 4.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 41 | $9,035,000 | $220,366 | $2,302 | 4.52% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 36 | $8,760,000 | $243,333 | $2,932 | 4.49% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 17 | $8,565,000 | $503,824 | $4,112 | 4.15% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 22 | $7,130,000 | $324,091 | $3,202 | 4.31% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 30 | $6,650,000 | $221,667 | $3,310 | 4.52% |
| STOCKTON, CA (FHA|USDA|VA) | 19 | $5,995,000 | $315,526 | $2,361 | 4.51% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 22 | $5,600,000 | $254,545 | $2,757 | 4.63% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 11 | $5,035,000 | $457,727 | $3,498 | 4.60% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 19 | $4,885,000 | $257,105 | $2,383 | 4.28% |
| TUCSON, AZ (FHA|USDA|VA) | 18 | $4,560,000 | $253,333 | $3,178 | 4.57% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 18 | $4,480,000 | $248,889 | $3,165 | 4.31% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 8 | $4,120,000 | $515,000 | $4,656 | 4.38% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 14 | $4,110,000 | $293,571 | $4,541 | 4.52% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 17 | $3,945,000 | $232,059 | $2,405 | 4.49% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 12 | $3,580,000 | $298,333 | $1,886 | 4.52% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 9 | $3,575,000 | $397,222 | $2,747 | 4.40% |
| FRESNO, CA (FHA|USDA|VA) | 13 | $3,505,000 | $269,615 | $2,488 | 4.45% |
| ASHEVILLE, NC (FHA|USDA|VA) | 15 | $3,455,000 | $230,333 | $2,891 | 4.46% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 10 | $3,310,000 | $331,000 | $2,394 | 4.39% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 14 | $3,300,000 | $235,714 | $3,008 | 4.34% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 15 | $3,155,000 | $210,333 | $3,110 | 4.53% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 17 | $3,105,000 | $182,647 | $2,662 | 4.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 12 | $3,090,000 | $257,500 | $2,438 | 4.55% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 15 | $3,075,000 | $205,000 | $2,778 | 4.86% |
| SAVANNAH, GA (FHA|USDA|VA) | 12 | $3,020,000 | $251,667 | $2,333 | 4.51% |
| BOULDER, CO (FHA|USDA|VA) | 9 | $2,765,000 | $307,222 | $2,081 | 4.24% |
| GREELEY, CO (FHA|USDA|VA) | 8 | $2,740,000 | $342,500 | $2,912 | 4.52% |
| VALLEJO, CA (FHA|USDA|VA) | 9 | $2,595,000 | $288,333 | $2,445 | 4.60% |
| FORT COLLINS, CO (FHA|USDA|VA) | 10 | $2,530,000 | $253,000 | $2,016 | 4.48% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 9 | $2,525,000 | $280,556 | $2,824 | 4.71% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 10 | $2,400,000 | $240,000 | $3,577 | 4.50% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 10 | $2,280,000 | $228,000 | $3,203 | 4.35% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 9 | $2,265,000 | $251,667 | $2,549 | 4.54% |
| BEND, OR (FHA|USDA|VA) | 7 | $2,255,000 | $322,143 | $3,279 | 4.59% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 8 | $2,110,000 | $263,750 | $2,967 | 4.55% |
| SALEM, OR (FHA|USDA|VA) | 7 | $2,035,000 | $290,714 | $3,481 | 4.43% |
| LANCASTER, PA (FHA|USDA|VA) | 8 | $2,030,000 | $253,750 | $2,889 | 4.22% |
| BELLINGHAM, WA (FHA|USDA|VA) | 6 | $2,030,000 | $338,333 | $1,932 | 4.35% |
| OCALA, FL (FHA|USDA|VA) | 9 | $1,945,000 | $216,111 | $2,892 | 4.93% |
| GAINESVILLE, FL (FHA|USDA|VA) | 9 | $1,905,000 | $211,667 | $2,794 | 4.63% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 11 | $1,815,000 | $165,000 | $2,238 | 4.64% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $3,769 | 4.60% |
| EL PASO, TX (FHA|USDA|VA) | 9 | $1,655,000 | $183,889 | $2,819 | 4.39% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 5 | $1,625,000 | $325,000 | $2,989 | 4.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 9 | $1,595,000 | $177,222 | $3,079 | 4.85% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 6 | $1,470,000 | $245,000 | $2,197 | 4.50% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $1,873 | 4.13% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $1,654 | 3.83% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 6 | $1,350,000 | $225,000 | $3,446 | 4.54% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $2,295 | 4.60% |
| VISALIA, CA (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $2,234 | 4.67% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 8 | $1,280,000 | $160,000 | $1,798 | 4.75% |
| Port Angeles, WA (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $1,689 | 3.84% |
| READING, PA (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $3,011 | 4.58% |
| KNOXVILLE, TN (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $3,102 | 4.60% |
| WENATCHEE, WA (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $1,882 | 4.56% |
| REDDING, CA (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $4,064 | 4.31% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $1,979 | 4.22% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $1,909 | 4.96% |
| Athens, TX (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $3,143 | 4.42% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $4,437 | 4.56% |
| WILMINGTON, NC (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $3,669 | 3.78% |
| Morehead City, NC (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $4,508 | 4.04% |
| MERCED, CA (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $2,811 | 4.69% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $2,238 | 4.13% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $3,794 | 3.91% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $1,882 | 4.47% |
| AMARILLO, TX (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $3,343 | 4.34% |
| GAINESVILLE, GA (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $1,778 | 4.79% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $3,930 | 4.06% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $2,787 | 4.72% |
| LONGVIEW, WA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $1,102 | 4.29% |
| NILES, MI (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $2,482 | 4.68% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $5,642 | 4.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $2,028 | 4.19% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $2,766 | 4.70% |
| Oak Harbor, WA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $1,600 | 4.38% |
| Kerrville, TX (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,094 | 4.44% |
| Boone, NC (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $4,302 | 4.21% |
| YAKIMA, WA (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $2,711 | 4.33% |
| ANN ARBOR, MI (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $3,182 | 4.33% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $2,553 | 4.46% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $3,100 | 4.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $3,107 | 4.53% |
| MIDLAND, TX (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $3,488 | 4.38% |
| Torrington, CT (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $2,375 | 4.29% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $2,104 | 4.47% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $2,434 | 5.03% |
| TYLER, TX (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $2,625 | 4.83% |
| CHICO, CA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,254 | 4.63% |
| Shelton, WA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,456 | 4.50% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $2,742 | 4.06% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $1,614 | 4.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $2,570 | 4.66% |
| JACKSON, MI (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $2,144 | 4.13% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,116 | 4.56% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $3,931 | 4.33% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $1,754 | 4.63% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,338 | 4.38% |
| Newport, OR (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $1,987 | 4.42% |
| Durango, CO (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,777 | 4.38% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,293 | 4.44% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,770 | 4.06% |
| GREENVILLE, NC (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $2,393 | 4.44% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $3,479 | 4.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,000 | 4.69% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $1,656 | 4.50% |
| Sonora, CA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,509 | 4.88% |
| Ukiah, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,282 | 4.63% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,995 | 4.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,765 | 4.69% |
| WACO, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,099 | 4.25% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $1,458 | 4.25% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,005 | 4.56% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $1,861 | 3.75% |
| BAY CITY, MI (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $2,369 | 5.13% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $1,287 | 4.63% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $2,237 | 4.46% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,255 | 4.63% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $1,762 | 4.50% |
| ERIE, PA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,085 | 4.92% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $1,971 | 4.69% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $1,836 | 5.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $2,021 | 4.38% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $1,797 | 4.25% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,433 | 4.94% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,305 | 4.56% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,215 | 4.69% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,323 | 4.13% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,782 | 3.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,521 | 3.63% |
| Cordele, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $1,942 | 3.63% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 4 | $350,000 | $87,500 | $1,397 | 4.81% |
| Klamath Falls, OR (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $1,930 | 4.75% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,008 | 4.88% |
| Athens, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,069 | 5.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,387 | 4.44% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,957 | 4.50% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $1,927 | 4.69% |
| Pullman, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,618 | 4.00% |
| Indiana, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,248 | 4.50% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,740 | 4.38% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,329 | 4.38% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,203 | 4.38% |
| MADERA, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,824 | 5.50% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,930 | 4.50% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,016 | 4.50% |
| Montrose, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,334 | 4.50% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,613 | 4.38% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,652 | 4.13% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,695 | 4.50% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,382 | 4.13% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,017 | 3.75% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,077 | 4.25% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,097 | 4.19% |
| Corinth, MS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,274 | 3.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,338 | 4.38% |
| Rochelle, IL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,177 | 4.44% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,699 | 4.25% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,407 | 4.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,385 | 4.50% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,384 | 5.06% |
| Dumas, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,636 | 4.38% |
| Sterling, IL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,700 | 5.50% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,001 | 4.50% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,594 | 5.44% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,969 | 3.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,758 | 3.38% |
| Tifton, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,172 | 4.50% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,769 | 5.00% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,023 | 4.50% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,535 | 4.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,034 | 5.63% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $943 | 4.38% |
| AMES, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,454 | 5.13% |
| NAPA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,414 | 4.00% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,521 | 4.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,262 | 3.88% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,828 | 4.38% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,065 | 4.38% |
| Key West, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,761 | 4.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,948 | 4.88% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,307 | 5.00% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,157 | 4.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,541 | 4.50% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,901 | 4.38% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,819 | 4.88% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,980 | 5.63% |
| Payson, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,901 | 5.38% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,929 | 4.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,157 | 5.00% |
| FLINT, MI (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,438 | 5.13% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,337 | 4.63% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,678 | 4.50% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,860 | 3.88% |
| Effingham, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,978 | 4.88% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,202 | 4.38% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,869 | 4.13% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,622 | 5.13% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,150 | 5.50% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,351 | 4.38% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,440 | 4.75% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,341 | 4.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,521 | 5.38% |
| Sanford, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,595 | 5.13% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,884 | 4.38% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,384 | 4.75% |
| Warren, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,301 | 5.00% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,157 | 4.25% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,228 | 4.25% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,552 | 4.38% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,075 | 4.63% |
| Brevard, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,481 | 5.00% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,833 | 4.00% |
| Fairfield, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,354 | 4.88% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,906 | 5.13% |
| Centralia, WA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,872 | 4.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,927 | 4.88% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,418 | 5.63% |
| Crossville, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,916 | 5.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,004 | 6.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,974 | 5.25% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,351 | 5.00% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,112 | 6.13% |
| Marquette, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,570 | 4.88% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 3,652 | $1,096,100,000 | $300,137 | $3,125 | 4.44% |
For 2018, Better Mortgage Corporation's most frequently originated type of loan was Conventional, with 3,652 originations.
Loan Reason
For 2018, Better Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,228 originations. The 2nd most popular reason was Cash Out Refi, with 863 originations.
Loan Duration/Length
For 2018, Better Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,869 originations. The 2nd most popular length was 15 Year, with 591 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 3,652 | $1,096,100,000 | $300,137 |
Better Mortgage Corporation's average total fees were $3,218, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,652 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 2,652 | $806,540,000 | $304,125 |
| 3-4% | 682 | $229,110,000 | $335,938 |
| 5-6% | 300 | $57,750,000 | $192,500 |
| 6-7% | 11 | $745,000 | $67,727 |
| 2.5-3% | 7 | $1,955,000 | $279,286 |
During 2018, Better Mortgage Corporation's average interest rate for loans was 4.53%, while their most frequently originated rate bucket for loans was 4-5%, with 2,652 originations.
Loan Sizing
2018 saw Better Mortgage Corporation place emphasis on $200k-400k loans with 2,024 originations, totaling $589,290,000 in origination value.
Applicant Income
Better Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 1,129 originations. The second most popular income band? $150k-250k, with 861 originations.
Applicant Debt to Income Ratio
Better Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,073 originations. The next most common DTI ratio? 30-36%, with 679 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.10%
Better Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination-26.10%
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 | 3,652 | $1,096,100,000 | $300,137 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 3,652 | $1,096,100,000 | $300,137 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Better Mortgage, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| Better Mortgage, Inc. | Conventional home mortgage | Closing on a mortgage | 2 | 66.7% |