Four Points Mortgage Rates, Fees & Info
Omaha, NELEI: 549300XZEU2LB7FLWW04
Tax ID: 47-0153475
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Mortgage Data
Review & Overview
Four Points is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Four Points has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Modesto, Fargo, Chicago, and Stockton among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)Four Points has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Four Points 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.08% | 10/29/24 |
| 30 Year Conventional Refi | 7.62% | 10/29/24 |
| 30 Year Cash-out Refi | 6.15% | 10/29/24 |
| 15 Year Conventional Purchase | 6.05% | 10/29/24 |
| 15 Year Conventional Refi | 5.95% | 10/29/24 |
| 15 Year Cash-out Refi | 5.95% | 10/29/24 |
| 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. | ||
Four Points Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
94Origination Dollar Volume (All Markets)
$15,700,000Awards
FOUR POINTS - 2022
FOUR POINTS is a 2022 , due to their low .
For 2022, 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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 24 | $4,060,000 | $169,167 | $1,167 | 4.51% |
| Outside of Metro Areas | 24 | $2,880,000 | $120,000 | $1,693 | 4.61% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $3,992 | 5.13% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,647 | 5.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,706 | 4.63% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $911 | 5.38% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,730 | 3.38% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,572 | 2.88% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,418 | 4.50% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,137 | 4.00% |
| JONESBORO, AR (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $1,458 | 4.94% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,589 | 4.25% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,628 | 2.75% |
| Paragould, AR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,581 | 5.13% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,096 | 4.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $1,655 | 4.94% |
| Norfolk, NE (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $1,346 | 4.00% |
| Russellville, AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,260 | 4.38% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,297 | 5.00% |
| LINCOLN, NE (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $631 | 4.83% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,433 | 4.25% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,922 | 4.63% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,870 | 4.88% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,408 | 4.31% |
| Beatrice, NE (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,712 | 4.50% |
| Watertown, SD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,898 | 2.75% |
| CASPER, WY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $948 | 4.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,513 | 4.88% |
| Mitchell, SD (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,696 | 3.88% |
| Lexington, NE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,016 | 3.13% |
| Branson, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,141 | 5.25% |
| Hastings, NE (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $968 | 5.31% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,924 | 5.38% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $403 | 3.50% |
| Columbus, NE (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $418 | 4.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $418 | 4.75% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $418 | 3.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $398 | 5.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $403 | 3.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against FOUR POINTS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 94 | $15,700,000 | $167,021 | $1,555 | 4.52% |
For 2022, Four Points's most frequently originated type of loan was Conventional, with 94 originations.
Loan Reason
For 2022, Four Points's most frequently cited loan purpose was Cash Out Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 34 originations.
Loan Duration/Length
For 2022, Four Points's most frequently cited loan duration was 30 Year, with 40 originations. The 2nd most popular length was 10 Year, with 19 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 93 | $15,495,000 | $166,613 |
| $3k-4k | 1 | $205,000 | $205,000 |
Four Points's average total fees were $2,282, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 93 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 33 | $5,445,000 | $165,000 |
| 3-4% | 24 | $4,460,000 | $185,833 |
| 5-6% | 23 | $3,415,000 | $148,478 |
| 2.5-3% | 9 | $1,775,000 | $197,222 |
| 6-7% | 5 | $605,000 | $121,000 |
During 2022, Four Points's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 33 originations.
Loan Sizing
2022 saw Four Points place emphasis on $100,000 or less loans with 42 originations, totaling $2,110,000 in origination value.
Applicant Income
Four Points lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
Four Points lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 30-36%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.22%
Four Points has a below average approval rate.
Pick Rate
Approvals leading to origination81.91%
Four Points has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 94 | $15,700,000 | $167,021 |