Canopy Mortgage Rates, Fees & Info
LINDON, UTLEI: 549300ZWNETGFXTBBY03
Tax ID: 47-3632618
3.7 stars
-
out of 5 stars, based on 64 reviews
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Canopy Mortgage is a small mortgage company specializing in Home Purchase and Cash Out Refi loans. Canopy Mortgage 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 by origination volume include: Nashville, Idaho Falls, Provo, Salt Lake City, and Portland among others. We have data for 270 markets. (Some data included below & more in-depth data is available with an active subscription.)Canopy 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. Canopy 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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.54% | 5/28/23 |
| 30 Year Conventional Refi | 6.25% | 5/28/23 |
| 30 Year Cash-out Refi | 6.42% | 5/28/23 |
| 30 Year FHA Purchase | 7.28% | 5/28/23 |
| 30 Year FHA Refi | 7.11% | 5/28/23 |
| 30 Year VA Purchase | 6.15% | 5/28/23 |
| 30 Year VA Refi | 5.26% | 5/28/23 |
| 30 Year USDA Purchase | 6.37% | 5/28/23 |
| 30 Year USDA Refi | 6.27% | 5/28/23 |
| 15 Year Conventional Purchase | 6.41% | 5/28/23 |
| 15 Year Conventional Refi | 5.67% | 5/28/23 |
| 15 Year Cash-out Refi | 5.67% | 5/28/23 |
| 15 Year FHA Purchase | 5.68% | 5/28/23 |
| 15 Year FHA Refi | 5.68% | 5/28/23 |
| 15 Year VA Purchase | 5.68% | 5/28/23 |
| 15 Year VA Refi | 5.88% | 5/28/23 |
| 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. | ||
Canopy Mortgage Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Canopy Mortgage. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,075Origination Dollar Volume (All Markets)
$1,441,945,000Awards
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CANOPY MORTGAGE - 2022
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For 2022, less than of lenders were eligible for this award.
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Relative Rate
Canopy Mortgage's average 30 year fixed mortgage rate was
4.68%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.08%.
Relative Fees (Closing Costs)
Canopy Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,011.
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.
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 |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 327 | $151,415,000 | $463,043 | $7,622 | 5.17% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 411 | $128,525,000 | $312,713 | $8,958 | 4.80% |
| PROVO-OREM, UT (FHA|USDA|VA) | 252 | $99,570,000 | $395,119 | $6,359 | 4.21% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 209 | $81,755,000 | $391,172 | $6,911 | 4.27% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 179 | $76,095,000 | $425,112 | $9,299 | 4.68% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 181 | $71,205,000 | $393,398 | $9,951 | 4.62% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 166 | $58,910,000 | $354,880 | $7,319 | 4.54% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 168 | $56,870,000 | $338,512 | $5,563 | 3.99% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 116 | $51,600,000 | $444,828 | $9,124 | 4.78% |
| Outside of Metro Areas | 157 | $49,955,000 | $318,185 | $7,901 | 4.78% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 133 | $49,095,000 | $369,135 | $6,370 | 4.43% |
| BEND, OR (FHA|USDA|VA) | 79 | $30,715,000 | $388,797 | $8,334 | 4.65% |
| Rexburg, ID (FHA|USDA|VA) | 100 | $30,570,000 | $305,700 | $8,444 | 4.91% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 82 | $24,070,000 | $293,537 | $9,036 | 4.86% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 73 | $22,735,000 | $311,438 | $7,525 | 5.36% |
| BELLINGHAM, WA (FHA|USDA|VA) | 47 | $20,885,000 | $444,362 | $7,809 | 4.56% |
| Blackfoot, ID (FHA|USDA|VA) | 67 | $19,335,000 | $288,582 | $9,448 | 4.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 64 | $19,020,000 | $297,188 | $7,300 | 4.41% |
| SALEM, OR (FHA|USDA|VA) | 56 | $18,160,000 | $324,286 | $9,507 | 4.87% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 46 | $16,220,000 | $352,609 | $6,227 | 3.91% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 51 | $15,765,000 | $309,118 | $7,971 | 4.05% |
| BOISE CITY, ID (FHA|USDA|VA) | 45 | $15,715,000 | $349,222 | $9,489 | 4.81% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 37 | $14,655,000 | $396,081 | $4,994 | 3.60% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 34 | $12,700,000 | $373,529 | $5,661 | 3.57% |
| ST. GEORGE, UT (FHA|USDA|VA) | 28 | $11,720,000 | $418,571 | $5,320 | 3.88% |
| STOCKTON, CA (FHA|USDA|VA) | 28 | $10,330,000 | $368,929 | $9,688 | 4.61% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 26 | $10,240,000 | $393,846 | $3,556 | 3.35% |
| POCATELLO, ID (FHA|USDA|VA) | 33 | $9,345,000 | $283,182 | $8,413 | 5.43% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 30 | $9,000,000 | $300,000 | $5,860 | 3.96% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 17 | $7,545,000 | $443,824 | $2,923 | 3.57% |
| Brookings, OR (FHA|USDA|VA) | 23 | $7,435,000 | $323,261 | $9,808 | 5.06% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 21 | $7,245,000 | $345,000 | $5,702 | 3.46% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 18 | $5,900,000 | $327,778 | $9,504 | 4.34% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 16 | $4,780,000 | $298,750 | $5,018 | 5.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 13 | $4,595,000 | $353,462 | $3,295 | 3.53% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 13 | $4,545,000 | $349,615 | $4,747 | 4.47% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 15 | $4,455,000 | $297,000 | $5,941 | 3.83% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 11 | $4,165,000 | $378,636 | $8,402 | 4.66% |
| Prineville, OR (FHA|USDA|VA) | 11 | $4,055,000 | $368,636 | $9,397 | 4.78% |
| Cedar City, UT (FHA|USDA|VA) | 12 | $3,860,000 | $321,667 | $6,501 | 4.20% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $3,630,000 | $363,000 | $4,652 | 3.40% |
| RENO, NV (FHA|USDA|VA) | 10 | $3,620,000 | $362,000 | $4,429 | 3.93% |
| Heber, UT (FHA|USDA|VA) | 7 | $3,615,000 | $516,429 | $6,905 | 3.43% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 13 | $3,565,000 | $274,231 | $6,158 | 4.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $3,295,000 | $366,111 | $5,844 | 4.40% |
| FRESNO, CA (FHA|USDA|VA) | 10 | $3,280,000 | $328,000 | $3,843 | 3.39% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 10 | $3,230,000 | $323,000 | $10,760 | 5.83% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 12 | $3,140,000 | $261,667 | $4,183 | 3.33% |
| LOGAN, UT-ID (FHA|USDA|VA) | 10 | $3,050,000 | $305,000 | $4,308 | 3.55% |
| Burley, ID (FHA|USDA|VA) | 9 | $2,915,000 | $323,889 | $8,315 | 4.79% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 11 | $2,855,000 | $259,545 | $6,637 | 5.55% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 10 | $2,850,000 | $285,000 | $4,078 | 3.21% |
| YUBA CITY, CA (FHA|USDA|VA) | 9 | $2,725,000 | $302,778 | $7,601 | 4.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 7 | $2,605,000 | $372,143 | $5,628 | 3.84% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $2,560,000 | $320,000 | $6,079 | 3.31% |
| MEDFORD, OR (FHA|USDA|VA) | 7 | $2,505,000 | $357,857 | $8,032 | 4.78% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 11 | $2,495,000 | $226,818 | $8,431 | 5.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 10 | $2,490,000 | $249,000 | $5,473 | 3.53% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 8 | $2,450,000 | $306,250 | $3,163 | 3.47% |
| KNOXVILLE, TN (FHA|USDA|VA) | 9 | $2,415,000 | $268,333 | $6,541 | 4.61% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 9 | $2,365,000 | $262,778 | $2,192 | 2.82% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 6 | $2,350,000 | $391,667 | $6,905 | 4.94% |
| VALLEJO, CA (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $9,096 | 3.95% |
| TUCSON, AZ (FHA|USDA|VA) | 10 | $2,210,000 | $221,000 | $5,203 | 4.10% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $1,985,000 | $397,000 | $6,533 | 3.28% |
| Coos Bay, OR (FHA|USDA|VA) | 7 | $1,855,000 | $265,000 | $11,650 | 5.30% |
| EL PASO, TX (FHA|USDA|VA) | 8 | $1,840,000 | $230,000 | $8,146 | 4.81% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,785,000 | $357,000 | $6,310 | 4.05% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 7 | $1,755,000 | $250,714 | $6,313 | 5.05% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 7 | $1,755,000 | $250,714 | $6,807 | 4.21% |
| LOUISVILLE, KY (FHA|USDA|VA) | 5 | $1,705,000 | $341,000 | $3,273 | 3.44% |
| RICHMOND, VA (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $2,891 | 3.85% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 5 | $1,665,000 | $333,000 | $3,381 | 3.70% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 6 | $1,650,000 | $275,000 | $4,339 | 4.40% |
| Astoria, OR (FHA|USDA|VA) | 4 | $1,650,000 | $412,500 | $9,592 | 4.91% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 7 | $1,645,000 | $235,000 | $4,199 | 4.48% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 6 | $1,640,000 | $273,333 | $3,203 | 4.39% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $7,322 | 3.71% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $4,164 | 4.18% |
| Vernal, UT (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $5,174 | 5.13% |
| Aberdeen, WA (FHA|USDA|VA) | 5 | $1,565,000 | $313,000 | $10,206 | 6.07% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,560,000 | $390,000 | $6,946 | 4.72% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $4,604 | 4.28% |
| Branson, MO (FHA|USDA|VA) | 8 | $1,490,000 | $186,250 | $6,924 | 5.67% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $5,200 | 4.00% |
| Outside of Metro Areas | 6 | $1,450,000 | $241,667 | $6,470 | 5.46% |
| Jackson, WY-ID (FHA|USDA|VA) | 2 | $1,350,000 | $675,000 | $8,983 | 3.68% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $6,497 | 4.72% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $6,613 | 4.59% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $1,310,000 | $218,333 | $4,064 | 4.21% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $2,332 | 3.80% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $2,200 | 3.16% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $20,738 | 6.17% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $3,766 | 3.53% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $7,859 | 3.91% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $2,848 | 4.09% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $13,580 | 4.87% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $3,714 | 3.31% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $4,691 | 3.69% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $11,357 | 5.06% |
| Helena, MT (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $2,872 | 3.71% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $4,110 | 3.21% |
| SANTA FE, NM (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $11,501 | 6.63% |
| CHICO, CA (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $7,012 | 5.16% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $5,056 | 4.35% |
| ANCHORAGE, AK (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $5,256 | 4.13% |
| LONGVIEW, WA (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $7,108 | 5.08% |
| MADERA, CA (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $6,155 | 5.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $4,604 | 3.77% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $5,678 | 4.98% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $1,895 | 3.31% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $4,263 | 3.87% |
| Huntsville, TX (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $9,623 | 5.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $20,909 | 4.25% |
| Pahrump, NV (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $11,026 | 4.96% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $5,614 | 3.81% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $3,231 | 4.16% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $2,626 | 2.58% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $2,665 | 3.08% |
| AKRON, OH (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $2,514 | 4.08% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $9,169 | 5.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $3,961 | 3.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $1,894 | 4.21% |
| CORVALLIS, OR (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $13,963 | 4.19% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $7,731 | 5.13% |
| TWIN FALLS, ID (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $7,345 | 6.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $5,071 | 3.96% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $3,118 | 3.63% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $4,666 | 3.67% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $7,687 | 3.69% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $3,758 | 4.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,508 | 3.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,612 | 3.88% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,901 | 3.29% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $2,740 | 2.81% |
| OCALA, FL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $8,882 | 4.99% |
| MADISON, WI (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $3,947 | 2.99% |
| NAPA, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $8,946 | 4.99% |
| Mountain Home, ID (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $15,252 | 5.31% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $6,542 | 4.29% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,976 | 4.56% |
| Summerville, GA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $10,195 | 5.99% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,938 | 4.75% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $7,119 | 3.75% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,555 | 3.62% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $5,349 | 5.13% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,846 | 2.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $4,429 | 3.71% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $5,202 | 4.25% |
| Newport, OR (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $22,562 | 6.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $2,070 | 2.88% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $15,613 | 5.25% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,189 | 3.38% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,236 | 4.75% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $8,067 | 6.29% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,859 | 4.19% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,457 | 3.94% |
| MANHATTAN, KS (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $9,790 | 5.87% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,609 | 4.69% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,869 | 5.38% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $9,498 | 3.63% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,011 | 3.75% |
| Hailey, ID (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,765 | 5.99% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $2,065 | 2.99% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $8,895 | 5.99% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,494 | 3.12% |
| Sterling, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $16,053 | 3.63% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,210 | 2.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,554 | 3.18% |
| NILES, MI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,630 | 3.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,169 | 4.50% |
| ALBANY, GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,430 | 5.50% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,538 | 5.37% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,186 | 3.25% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,767 | 3.06% |
| Price, UT (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $9,717 | 2.81% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,094 | 3.38% |
| McMinnville, TN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,776 | 4.50% |
| Cookeville, TN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,754 | 5.13% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,818 | 4.06% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $1,663 | 3.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $11,235 | 3.25% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,756 | 6.18% |
| Ontario, OR-ID (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $7,727 | 6.50% |
| Lake City, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $7,838 | 4.50% |
| MERCED, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,447 | 3.38% |
| TYLER, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,176 | 3.62% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,923 | 6.99% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,500 | 2.99% |
| Othello, WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,990 | 5.25% |
| TULSA, OK (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $12,567 | 4.31% |
| Keene, NH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,273 | 3.63% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,135 | 4.00% |
| La Grande, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,978 | 5.13% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,916 | 2.99% |
| Dayton, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,778 | 6.99% |
| Centralia, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,052 | 3.25% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,581 | 3.25% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,691 | 4.75% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $13,825 | 4.63% |
| Edwards, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,299 | 2.99% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,405 | 2.88% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,647 | 4.50% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,297 | 2.88% |
| Kearney, NE (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,835 | 2.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,481 | 4.99% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,405 | 2.99% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,405 | 2.99% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,965 | 2.99% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,165 | 4.25% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,091 | 2.88% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,122 | 5.13% |
| Dublin, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,917 | 7.63% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,940 | 3.38% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,943 | 2.25% |
| MONROE, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,262 | 2.13% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,440 | 2.63% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,209 | 2.88% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,077 | 4.88% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,448 | 5.63% |
| Durant, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,054 | 5.38% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,626 | 3.75% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,633 | 2.99% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,132 | 3.75% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,348 | 3.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,791 | 3.25% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,829 | 2.75% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,048 | 1.99% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,232 | 3.75% |
| Rockport, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,525 | 2.99% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,327 | 2.99% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,914 | 4.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,154 | 3.88% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,740 | 2.50% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,223 | 2.75% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,044 | 4.38% |
| Fernley, NV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,538 | 2.99% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,270 | 2.75% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,052 | 2.50% |
| Port Lavaca, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,789 | 5.75% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,264 | 6.50% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,702 | 6.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,805 | 4.50% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,577 | 4.25% |
| Paris, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $15,200 | 6.50% |
| Pearsall, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,981 | 4.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,477 | 5.00% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,886 | 2.75% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,063 | 3.00% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,871 | 6.63% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,965 | 5.13% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,439 | 4.99% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,465 | 6.00% |
| Pampa, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $10,743 | 6.63% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,656 | 4.25% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,699 | 6.50% |
| ROME, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,902 | 7.75% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,731 | 4.50% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,551 | 6.38% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,816 | 5.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,221 | 6.38% |
| Paris, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,027 | 6.50% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $9,199 | 4.63% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,815 | 4.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,650 | 6.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,483 | 4.25% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,805 | 6.13% |
| Tifton, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $7,416 | 6.38% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,986 | 4.25% |
| New Castle, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,420 | 5.99% |
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Product Mix
For 2022, Canopy Mortgage's most frequently originated type of loan was Conventional, with 3,457 originations. Their 2nd most popular type was FHA, with 385 originations.
Loan Reason
For 2022, Canopy Mortgage's most frequently cited loan purpose was Home Purchase, with 2,712 originations. The 2nd most popular reason was Cash Out Refi, with 993 originations.
Loan Duration/Length
For 2022, Canopy Mortgage's most frequently cited loan duration was 30 Year, with 3,556 originations. The 2nd most popular length was 15 Year, with 344 originations.
Origination Fees/Closing Costs
Canopy Mortgage's average total fees were $8,011, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 977 originations.
Interest Rates
During 2022, Canopy Mortgage's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 3-4%, with 1,093 originations.
Loan Sizing
2022 saw Canopy Mortgage place emphasis on $200k-400k loans with 2,286 originations, totaling $673,440,000 in origination value.
Applicant Income
Canopy Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,113 originations. The second most popular income band? $75k-100k, with 821 originations.
Applicant Debt to Income Ratio
Canopy Mortgage lent most frequently to those with DTI ratios of 20-30%, with 738 originations. The next most common DTI ratio? 30-36%, with 632 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.77%
Canopy Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination22.33%
Canopy Mortgage 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 | 4,075 | $1,441,945,000 | $353,852 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,075 | $1,441,945,000 | $353,852 |