Amerisave Mortgage Corporation

Atlanta, GA 30305

LEI: 549300YIQ7S7Z8PIHE53

Tax ID: 26-0021318

2019 Data | 2018 Data


Jump to:

  • Originations
  • Product Mix
  • Loan Reason
  • Top Markets
  • Typical Rates
  • Loan Sizes
  • Loan to Value Info
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees
  • Dwelling Types

    • 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