Amerisave Mortgage Corporation

Atlanta, GA 30305

LEI: 549300YIQ7S7Z8PIHE53

Tax ID: 26-0021318

2019 Data | 2018 Data


Overview

Amerisave Mortgage Corporation is a small mortgage company specializing in Refi and Cash Out Refi loans. Amerisave Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Phoenix, Atlanta, Washington, Los Angeles, and Riverside among others. They have a below 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. Amerisave Mortgage Corporation is typically a normal fee high fee exceptionally high fee lendor.


Originations

20,446

Origination Dollar Volume (All Markets)

$4,918,840,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 16,145 $3,862,975,000 $239,268
FHA 2,190 $487,910,000 $222,790
VA 2,059 $559,055,000 $271,518
USDA 52 $8,900,000 $171,154

Conventional loans are assumed to be 20% downpayment and either fixed/adjustable rate. FHA loans start at 3.5% downpayment and are targeted towards first time homebuyers who will be owner-occupants. USDA loans target agrarian uses such as farms. VA loans are available to members of the military. FHA, USDA and VA loans are typically subsidized by the government so as to have more favorable terms for the borrower.

Loan Reason

Loan Reason Originations Total Value Average Loan
Home Purchase 1,718 $400,530,000 $233,137
Refi 8,277 $2,129,665,000 $257,299
Cash Out Refi 10,451 $2,388,645,000 $228,557

Home purchase and refinance loans are typically offered by even the most prudent banks. Cash out refi loans typically carry higher fees-- they allow homeowners to get loans against the equity (appreciated value) of their home, but can be used irresponsibly. Lendors with a high ratio of cash out refi loans may be exposed in the event of an economic downturn, and may be more aggressive with their fee schedules.

Top Markets

Market Originations Total Value Average Loan
Outside of Metro Areas 1,993 $401,005,000 $201,207
PHOENIX-MESA-CHANDLER, AZ 897 $211,985,000 $236,327
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 950 $205,180,000 $215,979
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 465 $156,625,000 $336,828
LOS ANGELES-LONG BEACH-GLENDALE, CA 417 $150,125,000 $360,012
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 454 $123,500,000 $272,026
DENVER-AURORA-LAKEWOOD, CO 392 $117,040,000 $298,571
LAS VEGAS-HENDERSON-PARADISE, NV 426 $109,280,000 $256,526
DALLAS-PLANO-IRVING, TX 357 $81,995,000 $229,678
SEATTLE-BELLEVUE-KENT, WA 219 $78,735,000 $359,521
SACRAMENTO-ROSEVILLE-FOLSOM, CA 246 $77,960,000 $316,911
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 366 $76,830,000 $209,918
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 241 $67,375,000 $279,564
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 279 $66,455,000 $238,190
CHARLOTTE-CONCORD-GASTONIA, NC-SC 286 $66,050,000 $230,944
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 271 $64,405,000 $237,657
CHICAGO-NAPERVILLE-EVANSTON, IL 287 $62,205,000 $216,742
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 164 $58,520,000 $356,829
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 175 $56,085,000 $320,486
TAMPA-ST. PETERSBURG-CLEARWATER, FL 263 $54,965,000 $208,992
OAKLAND-BERKELEY-LIVERMORE, CA 139 $54,395,000 $391,331
BALTIMORE-COLUMBIA-TOWSON, MD 201 $53,205,000 $264,701
ANAHEIM-SANTA ANA-IRVINE, CA 128 $50,660,000 $395,781
NEW BRUNSWICK-LAKEWOOD, NJ 185 $50,365,000 $272,243
WARREN-TROY-FARMINGTON HILLS, MI 231 $49,655,000 $214,957
ORLANDO-KISSIMMEE-SANFORD, FL 203 $44,795,000 $220,665
BOSTON, MA 141 $42,585,000 $302,021
FORT WORTH-ARLINGTON-GRAPEVINE, TX 209 $41,495,000 $198,541
LOUISVILLE/JEFFERSON COUNTY, KY-IN 187 $40,805,000 $218,209
SALT LAKE CITY, UT 139 $37,615,000 $270,612
NEWARK, NJ-PA 124 $35,880,000 $289,355
AUSTIN-ROUND ROCK-GEORGETOWN, TX 142 $33,430,000 $235,423
TACOMA-LAKEWOOD, WA 113 $32,735,000 $289,690
PROVIDENCE-WARWICK, RI-MA 132 $32,340,000 $245,000
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 100 $30,970,000 $309,700
KANSAS CITY, MO-KS 153 $30,905,000 $201,993
JACKSONVILLE, FL 143 $30,375,000 $212,413
STOCKTON, CA 105 $29,655,000 $282,429
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 116 $28,970,000 $249,741
RALEIGH-CARY, NC 127 $28,485,000 $224,291
COLORADO SPRINGS, CO 112 $27,970,000 $249,732
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 111 $27,605,000 $248,694
ST. LOUIS, MO-IL 131 $27,455,000 $209,580
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 106 $26,930,000 $254,057
RICHMOND, VA 113 $26,715,000 $236,416
SAN ANTONIO-NEW BRAUNFELS, TX 127 $26,685,000 $210,118
INDIANAPOLIS-CARMEL-ANDERSON, IN 129 $25,885,000 $200,659
MIAMI-MIAMI BEACH-KENDALL, FL 101 $25,695,000 $254,406
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 58 $25,670,000 $442,586
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 100 $25,650,000 $256,500
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 79 $23,965,000 $303,354
RENO, NV 78 $23,500,000 $301,282
TUCSON, AZ 116 $23,380,000 $201,552
OXNARD-THOUSAND OAKS-VENTURA, CA 56 $22,760,000 $406,429
COLUMBUS, OH 108 $22,480,000 $208,148
BOISE CITY, ID 97 $22,035,000 $227,165
VALLEJO, CA 69 $21,775,000 $315,580
FRESNO, CA 90 $20,680,000 $229,778
OGDEN-CLEARFIELD, UT 77 $19,325,000 $250,974
WORCESTER, MA-CT 76 $18,770,000 $246,974
CINCINNATI, OH-KY-IN 95 $18,755,000 $197,421
DETROIT-DEARBORN-LIVONIA, MI 96 $18,510,000 $192,813
MEMPHIS, TN-MS-AR 92 $18,220,000 $198,043
PROVO-OREM, UT 59 $17,515,000 $296,864
ALBUQUERQUE, NM 83 $16,845,000 $202,952
PHILADELPHIA, PA 75 $16,595,000 $221,267
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 59 $15,295,000 $259,237
MODESTO, CA 63 $15,295,000 $242,778
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 84 $15,290,000 $182,024
GREELEY, CO 57 $15,235,000 $267,281
BAKERSFIELD, CA 65 $15,135,000 $232,846
WILMINGTON, DE-MD-NJ 63 $14,955,000 $237,381
CAMDEN, NJ 76 $14,870,000 $195,658
BIRMINGHAM-HOOVER, AL 74 $14,820,000 $200,270
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 62 $14,500,000 $233,871
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 33 $14,185,000 $429,848
SPOKANE-SPOKANE VALLEY, WA 59 $13,895,000 $235,508
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 67 $13,495,000 $201,418
CLEVELAND-ELYRIA, OH 65 $12,925,000 $198,846
BRIDGEPORT-STAMFORD-NORWALK, CT 45 $12,875,000 $286,111
DURHAM-CHAPEL HILL, NC 54 $12,820,000 $237,407
URBAN HONOLULU, HI 31 $12,795,000 $412,742
PRESCOTT VALLEY-PRESCOTT, AZ 54 $12,400,000 $229,630
PALM BAY-MELBOURNE-TITUSVILLE, FL 63 $12,185,000 $193,413
OMAHA-COUNCIL BLUFFS, NE-IA 63 $12,175,000 $193,254
NORTH PORT-SARASOTA-BRADENTON, FL 56 $12,100,000 $216,071
CHARLESTON-NORTH CHARLESTON, SC 56 $12,080,000 $215,714
PITTSBURGH, PA 62 $11,680,000 $188,387
OKLAHOMA CITY, OK 66 $11,660,000 $176,667
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 55 $11,295,000 $205,364
SALEM, OR 47 $11,245,000 $239,255
SALISBURY, MD-DE 43 $11,035,000 $256,628
NEW ORLEANS-METAIRIE, LA 51 $10,865,000 $213,039
MILWAUKEE-WAUKESHA, WI 44 $10,760,000 $244,545
GREENVILLE-ANDERSON, SC 52 $10,700,000 $205,769
OLYMPIA-LACEY-TUMWATER, WA 37 $10,665,000 $288,243
LAKE HAVASU CITY-KINGMAN, AZ 50 $10,580,000 $211,600
FORT COLLINS, CO 38 $10,540,000 $277,368
CAPE CORAL-FORT MYERS, FL 54 $10,520,000 $194,815
PORTLAND-SOUTH PORTLAND, ME 40 $10,390,000 $259,750
SANTA ROSA-PETALUMA, CA 28 $10,290,000 $367,500
TULSA, OK 61 $10,205,000 $167,295
PORT ST. LUCIE, FL 52 $10,130,000 $194,808
EUGENE-SPRINGFIELD, OR 37 $10,035,000 $271,216
CHATTANOOGA, TN-GA 49 $10,035,000 $204,796
GRAND RAPIDS-KENTWOOD, MI 49 $9,825,000 $200,510
SALINAS, CA 29 $9,805,000 $338,103
KNOXVILLE, TN 52 $9,790,000 $188,269
GARY, IN 48 $9,480,000 $197,500
MANCHESTER-NASHUA, NH 39 $9,425,000 $241,667
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 39 $8,795,000 $225,513
LAKELAND-WINTER HAVEN, FL 48 $8,790,000 $183,125
LANCASTER, PA 38 $8,670,000 $228,158
BOULDER, CO 26 $8,620,000 $331,538
COEUR D'ALENE, ID 35 $8,535,000 $243,857
ANCHORAGE, AK 31 $8,505,000 $274,355
COLUMBIA, SC 42 $8,480,000 $201,905
BATON ROUGE, LA 42 $8,480,000 $201,905
NEW HAVEN-MILFORD, CT 39 $8,475,000 $217,308
GREENSBORO-HIGH POINT, NC 39 $8,385,000 $215,000
LAKE COUNTY-KENOSHA COUNTY, IL-WI 38 $8,150,000 $214,474
ELGIN, IL 36 $8,110,000 $225,278
LEXINGTON-FAYETTE, KY 41 $8,085,000 $197,195
BREMERTON-SILVERDALE-PORT ORCHARD, WA 31 $7,915,000 $255,323
KENNEWICK-RICHLAND, WA 33 $7,695,000 $233,182
AUGUSTA-RICHMOND COUNTY, GA-SC 35 $7,305,000 $208,714
VISALIA, CA 34 $7,210,000 $212,059
TRENTON-PRINCETON, NJ 29 $7,185,000 $247,759
SPRINGFIELD, MA 37 $7,135,000 $192,838
PENSACOLA-FERRY PASS-BRENT, FL 32 $7,090,000 $221,563
GAINESVILLE, GA 30 $7,000,000 $233,333
ASHEVILLE, NC 32 $6,850,000 $214,063
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 28 $6,460,000 $230,714
SAN LUIS OBISPO-PASO ROBLES, CA 19 $6,365,000 $335,000
SAVANNAH, GA 37 $6,345,000 $171,486
KAHULUI-WAILUKU-LAHAINA, HI 14 $6,310,000 $450,714
WICHITA, KS 32 $6,190,000 $193,438
HARRISBURG-CARLISLE, PA 29 $6,185,000 $213,276
ROANOKE, VA 27 $5,985,000 $221,667
DAYTON-KETTERING, OH 29 $5,945,000 $205,000
DES MOINES-WEST DES MOINES, IA 30 $5,930,000 $197,667
BARNSTABLE TOWN, MA 21 $5,795,000 $275,952
OCALA, FL 35 $5,715,000 $163,286
MEDFORD, OR 21 $5,565,000 $265,000
WINSTON-SALEM, NC 31 $5,525,000 $178,226
HILTON HEAD ISLAND-BLUFFTON, SC 23 $5,405,000 $235,000
HICKORY-LENOIR-MORGANTON, NC 27 $5,395,000 $199,815
NORWICH-NEW LONDON, CT 23 $5,385,000 $234,130
HAGERSTOWN-MARTINSBURG, MD-WV 27 $5,375,000 $199,074
AKRON, OH 24 $5,330,000 $222,083
SPRINGFIELD, MO 29 $5,325,000 $183,621
BEND, OR 21 $5,165,000 $245,952
SANTA MARIA-SANTA BARBARA, CA 16 $5,120,000 $320,000
TALLAHASSEE, FL 23 $5,025,000 $218,478
SPARTANBURG, SC 24 $4,940,000 $205,833
HUNTSVILLE, AL 27 $4,905,000 $181,667
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 20 $4,890,000 $244,500
FAYETTEVILLE, NC 27 $4,875,000 $180,556
PUEBLO, CO 23 $4,875,000 $211,957
SANTA FE, NM 18 $4,850,000 $269,444
ST. GEORGE, UT 19 $4,785,000 $251,842
YORK-HANOVER, PA 28 $4,750,000 $169,643
NAPLES-MARCO ISLAND, FL 18 $4,740,000 $263,333
YUBA CITY, CA 19 $4,685,000 $246,579
DAPHNE-FAIRHOPE-FOLEY, AL 25 $4,535,000 $181,400
PUNTA GORDA, FL 23 $4,465,000 $194,130
LAFAYETTE, LA 24 $4,420,000 $184,167
FLAGSTAFF, AZ 18 $4,420,000 $245,556
MIDLAND, TX 18 $4,350,000 $241,667
ANN ARBOR, MI 20 $4,310,000 $215,500
SANTA CRUZ-WATSONVILLE, CA 10 $4,170,000 $417,000
GULFPORT-BILOXI, MS 18 $4,070,000 $226,111
LONGVIEW, WA 18 $4,060,000 $225,556
ATHENS-CLARKE COUNTY, GA 18 $3,930,000 $218,333
MERCED, CA 17 $3,915,000 $230,294
WENATCHEE, WA 12 $3,910,000 $325,833
GAINESVILLE, FL 19 $3,745,000 $197,105
SAN RAFAEL, CA 9 $3,715,000 $412,778
EL PASO, TX 21 $3,635,000 $173,095
LANSING-EAST LANSING, MI 21 $3,625,000 $172,619
WILMINGTON, NC 18 $3,600,000 $200,000
MOBILE, AL 24 $3,580,000 $149,167
JACKSON, MS 19 $3,575,000 $188,158
CALIFORNIA-LEXINGTON PARK, MD 12 $3,530,000 $294,167
OCEAN CITY, NJ 10 $3,520,000 $352,000
GRAND JUNCTION, CO 19 $3,445,000 $181,316
CHARLOTTESVILLE, VA 13 $3,435,000 $264,231
CORPUS CHRISTI, TX 16 $3,420,000 $213,750
TUSCALOOSA, AL 15 $3,415,000 $227,667
SIOUX FALLS, SD 15 $3,375,000 $225,000
LAS CRUCES, NM 16 $3,360,000 $210,000
SCRANTON--WILKES-BARRE, PA 18 $3,350,000 $186,111
MADERA, CA 15 $3,335,000 $222,333
FLINT, MI 19 $3,335,000 $175,526
DOVER, DE 13 $3,205,000 $246,538
READING, PA 18 $3,180,000 $176,667
ATLANTIC CITY-HAMMONTON, NJ 17 $3,145,000 $185,000
REDDING, CA 13 $3,115,000 $239,615
NAPA, CA 8 $3,110,000 $388,750
BILLINGS, MT 13 $2,975,000 $228,846
MONTGOMERY, AL 17 $2,965,000 $174,412
LINCOLN, NE 13 $2,915,000 $224,231
ERIE, PA 25 $2,915,000 $116,600
FORT WAYNE, IN 17 $2,905,000 $170,882
CORVALLIS, OR 10 $2,900,000 $290,000
ALBANY-LEBANON, OR 14 $2,900,000 $207,143
MISSOULA, MT 10 $2,890,000 $289,000
WACO, TX 16 $2,890,000 $180,625
CANTON-MASSILLON, OH 16 $2,890,000 $180,625
THE VILLAGES, FL 15 $2,885,000 $192,333
BELLINGHAM, WA 11 $2,815,000 $255,909
GREAT FALLS, MT 11 $2,785,000 $253,182
LYNCHBURG, VA 17 $2,745,000 $161,471
CLARKSVILLE, TN-KY 16 $2,740,000 $171,250
WINCHESTER, VA-WV 11 $2,735,000 $248,636
LAKE CHARLES, LA 13 $2,675,000 $205,769
KILLEEN-TEMPLE, TX 14 $2,660,000 $190,000
CHARLESTON, WV 14 $2,630,000 $187,857
CHICO, CA 11 $2,615,000 $237,727
MONROE, MI 13 $2,575,000 $198,077
SHREVEPORT-BOSSIER CITY, LA 14 $2,570,000 $183,571
FORT SMITH, AR-OK 13 $2,515,000 $193,462
CARSON CITY, NV 11 $2,505,000 $227,727
MADISON, WI 10 $2,470,000 $247,000
HUNTINGTON-ASHLAND, WV-KY-OH 14 $2,410,000 $172,143
EAST STROUDSBURG, PA 15 $2,395,000 $159,667
LONGVIEW, TX 13 $2,365,000 $181,923
ODESSA, TX 12 $2,360,000 $196,667
CHEYENNE, WY 11 $2,355,000 $214,091
SEBASTIAN-VERO BEACH, FL 13 $2,345,000 $180,385
BOWLING GREEN, KY 12 $2,290,000 $190,833
IDAHO FALLS, ID 10 $2,280,000 $228,000
GRANTS PASS, OR 8 $2,260,000 $282,500
EL CENTRO, CA 11 $2,255,000 $205,000
ROCHESTER, MN 11 $2,255,000 $205,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 14 $2,240,000 $160,000
MOUNT VERNON-ANACORTES, WA 8 $2,230,000 $278,750
HANFORD-CORCORAN, CA 11 $2,225,000 $202,273
DULUTH, MN-WI 16 $2,220,000 $138,750
HOUMA-THIBODAUX, LA 11 $2,205,000 $200,455
ELKHART-GOSHEN, IN 12 $2,180,000 $181,667
TWIN FALLS, ID 9 $2,135,000 $237,222
BLOOMINGTON, IN 12 $2,130,000 $177,500
BURLINGTON-SOUTH BURLINGTON, VT 11 $2,125,000 $193,182
HOMOSASSA SPRINGS, FL 12 $2,010,000 $167,500
LEBANON, PA 9 $1,995,000 $221,667
MORRISTOWN, TN 9 $1,955,000 $217,222
COLUMBUS, GA-AL 11 $1,915,000 $174,091
NILES, MI 8 $1,910,000 $238,750
SHERMAN-DENISON, TX 11 $1,885,000 $171,364
GETTYSBURG, PA 9 $1,875,000 $208,333
ELIZABETHTOWN-FORT KNOX, KY 10 $1,860,000 $186,000
ALEXANDRIA, LA 10 $1,850,000 $185,000
KALAMAZOO-PORTAGE, MI 8 $1,840,000 $230,000
POCATELLO, ID 11 $1,835,000 $166,818
TOLEDO, OH 10 $1,810,000 $181,000
BRUNSWICK, GA 8 $1,810,000 $226,250
LOGAN, UT-ID 9 $1,745,000 $193,889
RAPID CITY, SD 8 $1,690,000 $211,250
TOPEKA, KS 11 $1,675,000 $152,273
ALBANY, GA 7 $1,655,000 $236,429
WARNER ROBINS, GA 7 $1,645,000 $235,000
PANAMA CITY, FL 8 $1,630,000 $203,750
YAKIMA, WA 9 $1,625,000 $180,556
BEAUMONT-PORT ARTHUR, TX 10 $1,600,000 $160,000
BLACKSBURG-CHRISTIANSBURG, VA 9 $1,585,000 $176,111
BROWNSVILLE-HARLINGEN, TX 8 $1,550,000 $193,750
ST. JOSEPH, MO-KS 9 $1,515,000 $168,333
SIERRA VISTA-DOUGLAS, AZ 8 $1,500,000 $187,500
NEW BERN, NC 7 $1,465,000 $209,286
LUBBOCK, TX 10 $1,460,000 $146,000
COLUMBIA, MO 8 $1,450,000 $181,250
CLEVELAND, TN 8 $1,400,000 $175,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 9 $1,385,000 $153,889
MACON-BIBB COUNTY, GA 7 $1,365,000 $195,000
GREENVILLE, NC 8 $1,340,000 $167,500
CASPER, WY 7 $1,335,000 $190,714
RACINE, WI 8 $1,330,000 $166,250
TYLER, TX 8 $1,310,000 $163,750
JACKSONVILLE, NC 8 $1,310,000 $163,750
AUBURN-OPELIKA, AL 6 $1,310,000 $218,333
EVANSVILLE, IN-KY 7 $1,305,000 $186,429
SPRINGFIELD, IL 6 $1,260,000 $210,000
JACKSON, TN 7 $1,215,000 $173,571
COLLEGE STATION-BRYAN, TX 6 $1,210,000 $201,667
DECATUR, AL 8 $1,210,000 $151,250
FARMINGTON, NM 6 $1,200,000 $200,000
AMARILLO, TX 8 $1,190,000 $148,750
HOT SPRINGS, AR 5 $1,175,000 $235,000
HATTIESBURG, MS 7 $1,175,000 $167,857
SOUTH BEND-MISHAWAKA, IN-MI 6 $1,160,000 $193,333
GREEN BAY, WI 7 $1,145,000 $163,571
JONESBORO, AR 7 $1,145,000 $163,571
MCALLEN-EDINBURG-MISSION, TX 7 $1,135,000 $162,143
KINGSPORT-BRISTOL, TN-VA 7 $1,135,000 $162,143
WALLA WALLA, WA 5 $1,115,000 $223,000
FLORENCE, SC 4 $1,080,000 $270,000
CHAMBERSBURG-WAYNESBORO, PA 5 $1,075,000 $215,000
YUMA, AZ 6 $1,070,000 $178,333
SHEBOYGAN, WI 5 $1,065,000 $213,000
LEWISTON-AUBURN, ME 6 $1,040,000 $173,333
MONROE, LA 5 $1,035,000 $207,000
COLUMBUS, IN 4 $1,030,000 $257,500
JACKSON, MI 7 $1,025,000 $146,429
MORGANTOWN, WV 4 $1,020,000 $255,000
BISMARCK, ND 4 $1,010,000 $252,500
CAPE GIRARDEAU, MO-IL 5 $1,005,000 $201,000
VINELAND-BRIDGETON, NJ 6 $1,000,000 $166,667
FLORENCE-MUSCLE SHOALS, AL 5 $975,000 $195,000
DALTON, GA 6 $970,000 $161,667
WICHITA FALLS, TX 5 $965,000 $193,000
GOLDSBORO, NC 6 $960,000 $160,000
ANNISTON-OXFORD, AL 5 $925,000 $185,000
TERRE HAUTE, IN 4 $920,000 $230,000
ROCKFORD, IL 7 $915,000 $130,714
LAWTON, OK 6 $910,000 $151,667
VALDOSTA, GA 4 $910,000 $227,500
ROCKY MOUNT, NC 4 $890,000 $222,500
ROME, GA 6 $880,000 $146,667
APPLETON, WI 4 $860,000 $215,000
HINESVILLE, GA 6 $860,000 $143,333
BATTLE CREEK, MI 4 $850,000 $212,500
FARGO, ND-MN 6 $840,000 $140,000
LAFAYETTE-WEST LAFAYETTE, IN 5 $835,000 $167,000
AMES, IA 4 $830,000 $207,500
PEORIA, IL 5 $825,000 $165,000
MUNCIE, IN 5 $815,000 $163,000
EAU CLAIRE, WI 4 $810,000 $202,500
JEFFERSON CITY, MO 5 $765,000 $153,000
SIOUX CITY, IA-NE-SD 4 $760,000 $190,000
LIMA, OH 4 $750,000 $187,500
BANGOR, ME 5 $745,000 $149,000
HAMMOND, LA 4 $740,000 $185,000
SEBRING-AVON PARK, FL 5 $735,000 $147,000
KANKAKEE, IL 5 $705,000 $141,000
GRAND FORKS, ND-MN 4 $700,000 $175,000
HARRISONBURG, VA 3 $695,000 $231,667
JOHNSON CITY, TN 5 $695,000 $139,000
DOTHAN, AL 4 $690,000 $172,500
WILLIAMSPORT, PA 4 $680,000 $170,000
GADSDEN, AL 4 $660,000 $165,000
KOKOMO, IN 5 $645,000 $129,000
SAN ANGELO, TX 4 $640,000 $160,000
BURLINGTON, NC 4 $640,000 $160,000
OSHKOSH-NEENAH, WI 5 $635,000 $127,000
STATE COLLEGE, PA 3 $635,000 $211,667
CARBONDALE-MARION, IL 3 $635,000 $211,667
GRAND ISLAND, NE 4 $630,000 $157,500
MIDLAND, MI 3 $625,000 $208,333
STAUNTON, VA 3 $595,000 $198,333
ABILENE, TX 3 $595,000 $198,333
WHEELING, WV-OH 3 $565,000 $188,333
BECKLEY, WV 4 $560,000 $140,000
MICHIGAN CITY-LA PORTE, IN 4 $560,000 $140,000
CHAMPAIGN-URBANA, IL 3 $555,000 $185,000
VICTORIA, TX 3 $555,000 $185,000
ALTOONA, PA 4 $550,000 $137,500
LAWRENCE, KS 4 $540,000 $135,000
SAGINAW, MI 4 $520,000 $130,000
MANSFIELD, OH 4 $510,000 $127,500
MANHATTAN, KS 2 $510,000 $255,000
FOND DU LAC, WI 3 $505,000 $168,333
LAREDO, TX 4 $500,000 $125,000
CUMBERLAND, MD-WV 3 $495,000 $165,000
ST. CLOUD, MN 3 $475,000 $158,333
SUMTER, SC 3 $465,000 $155,000
JANESVILLE-BELOIT, WI 3 $455,000 $151,667
BLOOMSBURG-BERWICK, PA 2 $440,000 $220,000
FAIRBANKS, AK 2 $430,000 $215,000
TEXARKANA, TX-AR 3 $415,000 $138,333
OWENSBORO, KY 3 $405,000 $135,000
IOWA CITY, IA 2 $380,000 $190,000
LEWISTON, ID-WA 2 $380,000 $190,000
BLOOMINGTON, IL 2 $370,000 $185,000
DECATUR, IL 2 $370,000 $185,000
PINE BLUFF, AR 3 $345,000 $115,000
PARKERSBURG-VIENNA, WV 2 $340,000 $170,000
JOPLIN, MO 2 $310,000 $155,000
MANKATO, MN 2 $300,000 $150,000
SPRINGFIELD, OH 2 $270,000 $135,000
MUSKEGON, MI 2 $230,000 $115,000
WEIRTON-STEUBENVILLE, WV-OH 2 $220,000 $110,000
LA CROSSE-ONALASKA, WI-MN 1 $195,000 $195,000
WAUSAU-WESTON, WI 2 $190,000 $95,000
DUBUQUE, IA 1 $165,000 $165,000
BAY CITY, MI 1 $145,000 $145,000
JOHNSTOWN, PA 1 $105,000 $105,000

Lendors vary in competitiveness at the per market level-- meaning they may have better terms, deals or promotions based on the mortgaged property's location.

Interest Rate & Spreads

Loan Rate Originations Total Value Average Loan
<2.5% 396 $88,690,000 $223,965
2.5-3% 1,910 $446,700,000 $233,874
3-4% 12,594 $3,155,590,000 $250,563
4-5% 5,041 $1,130,685,000 $224,298
5-6% 503 $96,815,000 $192,475
6-7% 2 $360,000 $180,000

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 548 $45,270,000 $82,609
$100k-200k 8,431 $1,293,625,000 $153,437
$200k-400k 9,466 $2,635,030,000 $278,368
$400k-600k 1,864 $849,820,000 $455,912
$600k-1000k 131 $88,255,000 $673,702
$Over $1MM 6 $6,840,000 $1,140,000

Different banks have different objectives. Some banks focus solely on high net worth individuals. Others focus on FHA loans for lower income applicants. Knowing what a bank specializes in allows better optimization given the applicant's financial situation.

LTV Distribution

Loan to Value Originations Total Value Average Loan
20-40% 868 $164,590,000 $189,620
40-60% 3,504 $790,350,000 $225,557
60-80% 9,415 $2,295,395,000 $243,802
80-100% 6,291 $1,568,315,000 $249,295
Over 100% 305 $89,635,000 $293,885
Under 20% 63 $10,555,000 $167,540

LTV, or loan-to-value, is the amount loaned relative to a home's value. Lower LTV lending implies a larger downpayment-- reducing risk to the lendor. FHA loans will nearly always have a higher LTV due to the lower downpayment requirements. Higher LTVs may also mean a bank is charging higher fees or interest rates to compensate for their risk exposure.

Applicant Income

Applicant Income Originations Total Value Average Loan
$100k-150k 4,515 $1,232,775,000 $273,040
$150k-250k 2,582 $833,780,000 $322,920
$50k-75k 4,830 $943,320,000 $195,304
$50k-or less 2,867 $447,315,000 $156,022
$75k-100k 3,929 $928,575,000 $236,339
$Over $250k 609 $218,075,000 $358,087

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 12,204 $2,854,510,000 $233,900
Not provided 5,725 $1,430,055,000 $249,791
Black 1,279 $286,365,000 $223,898
Asian 808 $233,170,000 $288,577
American Indian 184 $41,580,000 $225,978
Asian Indian 85 $26,145,000 $307,588
Filipino 43 $12,445,000 $289,419
Native Hawaiian 43 $12,165,000 $282,907
Other Asian 23 $6,575,000 $285,870
Chinese 18 $6,300,000 $350,000
Japanese 7 $2,815,000 $402,143
Other Pacific Islander 11 $2,525,000 $229,545
Vietnamese 9 $2,185,000 $242,778
Samoan 3 $945,000 $315,000
Korean 3 $885,000 $295,000
Guamanian 1 $175,000 $175,000

Approval Rates

Total approvals of all applications
68.46%

A high approval rate means banks are more selective in who they market to or that they are loosey-goosey with who they lend to. Low approval rates may mean a lendor is more stringent in their lending standards.

Pick Rate

Approvals leading to origination
69.90%

A bank's pick rate is how often they are chosen by an applicant once approved. A high pick rate typically means the bank has some sort of advantage-- either the best terms (rates/fees), fastest closing time or even the best customer service. Banks with <75% pick rate may need further investigation as to why they are not more competitive.

Points and Fees

Points Originations Total Value Average Loan
NA 20,446 $4,918,840,000 $240,577

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 4,625 $1,281,125,000 $277,000
$1k-2k 3,317 $781,765,000 $235,684
$2k-3k 2,631 $550,735,000 $209,325
$3k-4k 4,471 $928,975,000 $207,778
$5k+ 4,568 $1,212,510,000 $265,436

Banks make money on their float/interest spread (fees charged to borrowers vs fees they pay for their capital), for servicing loans, as well as charging origination fees when a loan is disbursed. Modern low-cost efficient lendors can have fees totaling less than $500 for many mortgages-- as low as $250 in some cases. Average lendors will be in the $1k-2k range and high cost lendors will be even more. The costs incurred by the bank will be similar no matter the loan amount, so this is to be viewed as a profit center for most banks.

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 100 $20,680,000 $206,800
Single Family (1-4 Units):Site-Built 20,346 $4,898,160,000 $240,743