Synergy Home Mortgage Rates, Fees & InfoWILMINGTON, DE
Tax ID: 81-4919190
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewSynergy Home Mortgage is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Synergy Home Mortgage 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Reno, Fernley, Carson City, Truckee, and Gardnerville Ranchos among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)
Synergy Home Mortgage 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. Synergy Home Mortgage 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 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.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.72%||3/19/23|
|30 Year Conventional Refi||6.61%||3/19/23|
|30 Year Cash-out Refi||6.78%||3/19/23|
|30 Year FHA Purchase||8.12%||3/19/23|
|30 Year FHA Refi||7.16%||3/19/23|
|30 Year VA Purchase||6.34%||3/19/23|
|30 Year VA Refi||5.88%||3/19/23|
|30 Year USDA Purchase||7.30%||3/19/23|
|15 Year Conventional Purchase||6.17%||3/19/23|
|15 Year Conventional Refi||6.13%||3/19/23|
|15 Year Cash-out Refi||6.13%||3/19/23|
|15 Year VA Purchase||6.00%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$163,200,000
Synergy Home Mortgage's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.13%.
Relative Fees (Closing Costs)
Synergy Home Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,566.
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 $4,750.
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|
|RENO, NV (FHA|USDA|VA)||407||$145,195,000||$356,744||$4,435||3.18%|
|Fernley, NV (FHA|USDA|VA)||17||$4,715,000||$277,353||$5,276||3.43%|
|CARSON CITY, NV (FHA|USDA|VA)||11||$4,195,000||$381,364||$3,976||3.34%|
|Truckee-Grass Valley, CA (FHA|USDA|VA)||5||$2,195,000||$439,000||$4,444||3.43%|
|Gardnerville Ranchos, NV (FHA|USDA|VA)||4||$1,490,000||$372,500||$4,365||3.22%|
|Fallon, NV (FHA|USDA|VA)||5||$1,395,000||$279,000||$5,408||2.70%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||4||$1,020,000||$255,000||$4,434||2.97%|
|Outside of Metro Areas||4||$780,000||$195,000||$3,300||3.19%|
|LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)||2||$700,000||$350,000||$3,471||3.38%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||1||$575,000||$575,000||$2,730||2.75%|
|SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA)||1||$355,000||$355,000||$2,962||2.75%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||1||$205,000||$205,000||$3,902||3.50%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||1||$195,000||$195,000||$4,317||3.25%|
|Winnemucca, NV (FHA|USDA|VA)||1||$185,000||$185,000||$3,643||3.63%|
We use machine learning to identify the top lenders compared against SYNERGY HOME MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 348
Similarity Rank: 897
Similarity Rank: 2106
Similarity Rank: 3074
Similarity Rank: 3724
Similarity Rank: 4180
Similarity Rank: 5580
Similarity Rank: 5859
Similarity Rank: 6188
Similarity Rank: 6478
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Synergy Home Mortgage's most frequently originated type of loan was Conventional, with 427 originations. Their 2nd most popular type was VA, with 24 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||111||$38,435,000||$346,261||$4,185||3.33%|
For 2021, Synergy Home Mortgage's most frequently cited loan purpose was Home Purchase, with 222 originations. The 2nd most popular reason was Refi, with 131 originations.
For 2021, Synergy Home Mortgage's most frequently cited loan duration was 30 Year, with 397 originations. The 2nd most popular length was 15 Year, with 42 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Synergy Home Mortgage's average total fees were $4,566, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 314 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Synergy Home Mortgage's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 3-4%, with 269 originations.
2021 saw Synergy Home Mortgage place emphasis on $200k-400k loans with 260 originations, totaling $78,390,000 in origination value.
Synergy Home Mortgage lent most frequently to those with incomes in the $100k-150k range, with 119 originations. The second most popular income band? $75k-100k, with 104 originations.
Applicant Debt to Income Ratio
Synergy Home Mortgage lent most frequently to those with DTI ratios of 20-30%, with 93 originations. The next most common DTI ratio? 30-36%, with 76 originations.
Approval RatesTotal approvals of all applications
Synergy Home Mortgage has an average approval rate.
Pick RateApprovals leading to origination
Synergy Home Mortgage has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|Synergy One Lending, Inc.||Conventional home mortgage||Applying for a mortgage or refinancing an existing mortgage||1||50.0%|
|Synergy One Lending, Inc.||FHA mortgage||Applying for a mortgage or refinancing an existing mortgage||1||50.0%|