Canopy Mortgage Rates, Fees & Info

LINDON, UT

LEI: 549300ZWNETGFXTBBY03

Tax ID: 47-3632618

5 stars - out of 5 stars, based on 111 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Canopy Mortgage is a mid-sized mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Canopy 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: Salt Lake City, Provo, Ogden, Idaho Falls, and Portland among others. We have data for 350 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 6.67% 12/4/22
    30 Year Conventional Refi 6.51% 12/4/22
    30 Year Cash-out Refi 6.65% 12/4/22
    30 Year FHA Purchase 7.48% 12/4/22
    30 Year FHA Refi 7.00% 12/4/22
    30 Year VA Purchase 6.36% 12/4/22
    30 Year VA Refi 6.07% 12/4/22
    30 Year USDA Purchase 6.52% 12/4/22
    30 Year USDA Refi 6.37% 12/4/22
    15 Year Conventional Purchase 5.86% 12/4/22
    15 Year Conventional Refi 5.76% 12/4/22
    15 Year Cash-out Refi 5.76% 12/4/22
    15 Year FHA Purchase 5.76% 12/4/22
    15 Year FHA Refi 6.56% 12/4/22
    15 Year VA Purchase 6.08% 12/4/22
    15 Year VA Refi 6.03% 12/4/22
    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.


    Originations

    12,211

    Origination Dollar Volume (All Markets)

    $3,667,345,000
    Show all (105) awards

    Relative Rate

    Canopy Mortgage's average 30 year fixed mortgage rate was 2.9%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.25%.

    Relative Fees (Closing Costs)

    Canopy Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $4,822.

    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
    SALT LAKE CITY, UT (FHA|USDA|VA) 1,293 $411,945,000 $318,596 $4,063 2.78%
    PROVO-OREM, UT (FHA|USDA|VA) 1,154 $371,500,000 $321,924 $3,791 2.78%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 863 $264,375,000 $306,344 $3,973 2.73%
    IDAHO FALLS, ID (FHA|USDA|VA) 852 $224,920,000 $263,991 $6,233 2.90%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 617 $213,195,000 $345,535 $5,293 2.81%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 705 $211,745,000 $300,348 $4,030 2.85%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 712 $206,010,000 $289,340 $3,148 2.79%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 495 $156,375,000 $315,909 $5,931 2.79%
    BEND, OR (FHA|USDA|VA) 296 $100,990,000 $341,182 $5,485 2.82%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 210 $80,550,000 $383,571 $5,425 2.84%
    Outside of Metro Areas 289 $77,975,000 $269,810 $4,923 2.86%
    Rexburg, ID (FHA|USDA|VA) 240 $70,350,000 $293,125 $6,150 2.90%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 205 $64,545,000 $314,854 $4,524 2.65%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 178 $59,240,000 $332,809 $2,559 2.66%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 131 $53,185,000 $405,992 $4,534 2.67%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 161 $52,625,000 $326,863 $2,999 2.68%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 207 $48,325,000 $233,454 $4,178 2.81%
    STOCKTON, CA (FHA|USDA|VA) 126 $46,180,000 $366,508 $6,118 2.79%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 146 $42,840,000 $293,425 $6,771 2.70%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 148 $40,890,000 $276,284 $4,456 2.66%
    ST. GEORGE, UT (FHA|USDA|VA) 122 $40,220,000 $329,672 $3,550 2.74%
    BELLINGHAM, WA (FHA|USDA|VA) 90 $35,760,000 $397,333 $5,150 2.95%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 120 $34,210,000 $285,083 $4,486 2.72%
    Blackfoot, ID (FHA|USDA|VA) 124 $32,730,000 $263,952 $6,094 2.85%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 90 $27,600,000 $306,667 $2,438 2.61%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 95 $24,845,000 $261,526 $3,038 2.68%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 47 $21,715,000 $462,021 $5,095 2.64%
    LOGAN, UT-ID (FHA|USDA|VA) 77 $19,945,000 $259,026 $3,238 2.69%
    Brookings, OR (FHA|USDA|VA) 56 $17,800,000 $317,857 $6,876 2.87%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 64 $16,430,000 $256,719 $2,174 2.64%
    Heber, UT (FHA|USDA|VA) 39 $16,065,000 $411,923 $4,015 2.77%
    BOISE CITY, ID (FHA|USDA|VA) 53 $15,585,000 $294,057 $4,221 2.78%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 54 $14,280,000 $264,444 $3,219 2.68%
    POCATELLO, ID (FHA|USDA|VA) 61 $13,455,000 $220,574 $5,826 2.88%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 35 $12,245,000 $349,857 $4,002 2.70%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 40 $12,030,000 $300,750 $2,918 2.69%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 41 $11,125,000 $271,341 $3,172 2.62%
    SALEM, OR (FHA|USDA|VA) 38 $11,010,000 $289,737 $5,534 2.87%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 38 $10,660,000 $280,526 $3,568 2.69%
    TUCSON, AZ (FHA|USDA|VA) 51 $10,275,000 $201,471 $3,472 2.92%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 40 $9,930,000 $248,250 $2,216 2.71%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 25 $9,655,000 $386,200 $4,344 2.56%
    FORT COLLINS, CO (FHA|USDA|VA) 32 $9,560,000 $298,750 $2,592 2.77%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 43 $9,445,000 $219,651 $5,375 2.71%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 30 $8,520,000 $284,000 $2,240 2.53%
    RENO, NV (FHA|USDA|VA) 29 $7,645,000 $263,621 $2,060 2.74%
    JACKSONVILLE, FL (FHA|USDA|VA) 32 $7,610,000 $237,813 $4,288 2.86%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 35 $7,595,000 $217,000 $2,973 2.69%
    RALEIGH-CARY, NC (FHA|USDA|VA) 26 $7,090,000 $272,692 $2,776 2.82%
    Prineville, OR (FHA|USDA|VA) 21 $6,985,000 $332,619 $7,466 2.77%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 24 $6,910,000 $287,917 $3,453 2.89%
    MODESTO, CA (FHA|USDA|VA) 23 $6,855,000 $298,043 $5,159 2.64%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 24 $6,430,000 $267,917 $4,566 3.01%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 27 $6,395,000 $236,852 $2,810 2.46%
    Price, UT (FHA|USDA|VA) 33 $6,355,000 $192,576 $5,145 2.80%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 23 $6,105,000 $265,435 $3,306 2.66%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 20 $6,100,000 $305,000 $4,010 2.70%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 24 $5,870,000 $244,583 $3,253 3.02%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 20 $5,650,000 $282,500 $2,522 2.79%
    Cedar City, UT (FHA|USDA|VA) 23 $5,545,000 $241,087 $3,443 2.80%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 19 $5,505,000 $289,737 $2,839 2.65%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 20 $5,370,000 $268,500 $2,803 2.80%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 14 $4,910,000 $350,714 $2,349 2.34%
    BOULDER, CO (FHA|USDA|VA) 16 $4,850,000 $303,125 $2,299 2.86%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 13 $4,695,000 $361,154 $2,955 2.40%
    ALBUQUERQUE, NM (FHA|USDA|VA) 25 $4,505,000 $180,200 $3,663 3.10%
    FRESNO, CA (FHA|USDA|VA) 17 $4,475,000 $263,235 $3,222 2.86%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 17 $4,375,000 $257,353 $3,194 2.76%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 13 $4,255,000 $327,308 $3,195 2.58%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 16 $4,240,000 $265,000 $5,705 2.92%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 19 $4,225,000 $222,368 $2,190 2.64%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 15 $4,185,000 $279,000 $2,699 2.69%
    BAKERSFIELD, CA (FHA|USDA|VA) 20 $4,130,000 $206,500 $3,099 2.75%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 14 $4,100,000 $292,857 $5,354 2.72%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 7 $3,955,000 $565,000 $6,349 2.98%
    TWIN FALLS, ID (FHA|USDA|VA) 17 $3,905,000 $229,706 $4,991 2.70%
    Newport, OR (FHA|USDA|VA) 13 $3,875,000 $298,077 $6,060 2.96%
    MADISON, WI (FHA|USDA|VA) 12 $3,860,000 $321,667 $5,630 2.99%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 11 $3,825,000 $347,727 $4,355 2.74%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 18 $3,820,000 $212,222 $2,397 2.74%
    FLAGSTAFF, AZ (FHA|USDA|VA) 13 $3,785,000 $291,154 $3,140 2.73%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 20 $3,700,000 $185,000 $6,091 3.07%
    GREELEY, CO (FHA|USDA|VA) 13 $3,695,000 $284,231 $2,406 2.81%
    COLUMBUS, OH (FHA|USDA|VA) 16 $3,670,000 $229,375 $3,250 2.83%
    Astoria, OR (FHA|USDA|VA) 9 $3,655,000 $406,111 $8,579 3.18%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 18 $3,650,000 $202,778 $5,832 2.69%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 20 $3,580,000 $179,000 $4,566 3.37%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 17 $3,405,000 $200,294 $3,428 3.19%
    RICHMOND, VA (FHA|USDA|VA) 12 $3,250,000 $270,833 $2,112 2.70%
    Glenwood Springs, CO (FHA|USDA|VA) 9 $3,115,000 $346,111 $2,212 2.52%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 12 $3,110,000 $259,167 $3,536 2.92%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 13 $3,105,000 $238,846 $2,593 2.87%
    Port Angeles, WA (FHA|USDA|VA) 10 $3,040,000 $304,000 $3,018 2.78%
    ANCHORAGE, AK (FHA|USDA|VA) 14 $3,030,000 $216,429 $2,270 2.62%
    MEDFORD, OR (FHA|USDA|VA) 9 $2,975,000 $330,556 $4,678 2.93%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 11 $2,925,000 $265,909 $3,024 2.72%
    Burley, ID (FHA|USDA|VA) 13 $2,885,000 $221,923 $4,845 3.38%
    Coos Bay, OR (FHA|USDA|VA) 10 $2,870,000 $287,000 $5,632 3.01%
    ANN ARBOR, MI (FHA|USDA|VA) 12 $2,840,000 $236,667 $1,976 2.81%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 8 $2,830,000 $353,750 $4,139 2.70%
    Bozeman, MT (FHA|USDA|VA) 8 $2,780,000 $347,500 $3,094 2.84%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 9 $2,775,000 $308,333 $4,372 2.91%
    SPRINGFIELD, MO (FHA|USDA|VA) 14 $2,690,000 $192,143 $3,342 2.83%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 12 $2,620,000 $218,333 $3,177 2.77%
    VALLEJO, CA (FHA|USDA|VA) 8 $2,540,000 $317,500 $5,214 2.97%
    YUBA CITY, CA (FHA|USDA|VA) 7 $2,325,000 $332,143 $8,864 2.93%
    Vernal, UT (FHA|USDA|VA) 12 $2,280,000 $190,000 $5,221 3.05%
    Outside of Metro Areas 8 $2,260,000 $282,500 $4,892 2.72%
    Fredericksburg, TX (FHA|USDA|VA) 5 $2,255,000 $451,000 $11,468 2.60%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 12 $2,240,000 $186,667 $2,482 2.69%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 8 $2,190,000 $273,750 $2,748 2.50%
    WILMINGTON, NC (FHA|USDA|VA) 6 $2,180,000 $363,333 $2,765 2.46%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 7 $2,005,000 $286,429 $4,111 2.75%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 6 $2,000,000 $333,333 $3,533 2.62%
    LONGVIEW, WA (FHA|USDA|VA) 6 $2,000,000 $333,333 $2,817 3.14%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 7 $1,945,000 $277,857 $2,234 2.85%
    GRANTS PASS, OR (FHA|USDA|VA) 8 $1,910,000 $238,750 $3,824 2.78%
    Branson, MO (FHA|USDA|VA) 8 $1,890,000 $236,250 $4,833 2.70%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 6 $1,880,000 $313,333 $2,932 2.60%
    Breckenridge, CO (FHA|USDA|VA) 5 $1,865,000 $373,000 $3,459 2.47%
    WINSTON-SALEM, NC (FHA|USDA|VA) 7 $1,805,000 $257,857 $2,121 2.70%
    SALINAS, CA (FHA|USDA|VA) 5 $1,785,000 $357,000 $3,384 2.62%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 7 $1,755,000 $250,714 $2,178 2.94%
    MISSOULA, MT (FHA|USDA|VA) 6 $1,700,000 $283,333 $1,675 2.43%
    KNOXVILLE, TN (FHA|USDA|VA) 8 $1,690,000 $211,250 $2,212 2.67%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 7 $1,615,000 $230,714 $2,429 2.62%
    PITTSBURGH, PA (FHA|USDA|VA) 7 $1,535,000 $219,286 $3,227 2.37%
    CHICO, CA (FHA|USDA|VA) 4 $1,520,000 $380,000 $3,978 2.81%
    Eureka-Arcata, CA (FHA|USDA|VA) 5 $1,505,000 $301,000 $3,256 3.00%
    MERCED, CA (FHA|USDA|VA) 5 $1,475,000 $295,000 $4,919 2.67%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,465,000 $293,000 $3,960 2.87%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 6 $1,450,000 $241,667 $2,461 2.73%
    YUMA, AZ (FHA|USDA|VA) 6 $1,430,000 $238,333 $5,900 2.58%
    Oak Harbor, WA (FHA|USDA|VA) 5 $1,425,000 $285,000 $4,364 2.57%
    Jackson, WY-ID (FHA|USDA|VA) 4 $1,400,000 $350,000 $6,075 2.44%
    EL CENTRO, CA (FHA|USDA|VA) 5 $1,385,000 $277,000 $2,493 2.98%
    Kalispell, MT (FHA|USDA|VA) 4 $1,350,000 $337,500 $4,922 2.78%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 7 $1,345,000 $192,143 $2,720 2.71%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 8 $1,330,000 $166,250 $3,105 3.09%
    SPARTANBURG, SC (FHA|USDA|VA) 7 $1,325,000 $189,286 $1,870 2.86%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $1,325,000 $189,286 $2,823 2.94%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $1,305,000 $435,000 $4,787 2.92%
    COLUMBIA, SC (FHA|USDA|VA) 6 $1,280,000 $213,333 $2,251 2.46%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 7 $1,275,000 $182,143 $2,799 2.84%
    LINCOLN, NE (FHA|USDA|VA) 5 $1,235,000 $247,000 $1,686 2.45%
    SANTA FE, NM (FHA|USDA|VA) 4 $1,180,000 $295,000 $2,823 3.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,175,000 $235,000 $3,605 2.99%
    Fernley, NV (FHA|USDA|VA) 5 $1,175,000 $235,000 $3,525 3.05%
    VISALIA, CA (FHA|USDA|VA) 4 $1,140,000 $285,000 $3,093 2.65%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 4 $1,140,000 $285,000 $1,517 2.24%
    HUNTSVILLE, AL (FHA|USDA|VA) 5 $1,135,000 $227,000 $3,540 2.93%
    Pahrump, NV (FHA|USDA|VA) 5 $1,125,000 $225,000 $3,638 2.85%
    WENATCHEE, WA (FHA|USDA|VA) 6 $1,110,000 $185,000 $2,209 2.67%
    Hood River, OR (FHA|USDA|VA) 3 $1,095,000 $365,000 $4,662 2.88%
    PANAMA CITY, FL (FHA|USDA|VA) 5 $1,095,000 $219,000 $5,361 3.58%
    LAS CRUCES, NM (FHA|USDA|VA) 4 $1,070,000 $267,500 $4,782 2.65%
    YAKIMA, WA (FHA|USDA|VA) 5 $1,055,000 $211,000 $1,919 2.90%
    DULUTH, MN-WI (FHA|USDA|VA) 5 $1,055,000 $211,000 $3,024 3.02%
    FARMINGTON, NM (FHA|USDA|VA) 3 $1,035,000 $345,000 $9,641 3.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $1,025,000 $341,667 $2,685 2.54%
    Shelton, WA (FHA|USDA|VA) 4 $1,020,000 $255,000 $3,570 3.06%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 7 $1,015,000 $145,000 $3,049 3.30%
    Ontario, OR-ID (FHA|USDA|VA) 4 $1,010,000 $252,500 $4,053 2.90%
    KANKAKEE, IL (FHA|USDA|VA) 4 $1,000,000 $250,000 $4,478 3.22%
    SHEBOYGAN, WI (FHA|USDA|VA) 5 $955,000 $191,000 $2,748 3.05%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $940,000 $470,000 $5,884 3.00%
    Pullman, WA (FHA|USDA|VA) 3 $925,000 $308,333 $2,608 2.54%
    FORT WAYNE, IN (FHA|USDA|VA) 4 $920,000 $230,000 $1,909 2.96%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $905,000 $301,667 $5,480 2.71%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 4 $860,000 $215,000 $2,118 3.97%
    Sandpoint, ID (FHA|USDA|VA) 3 $855,000 $285,000 $4,077 2.91%
    Morehead City, NC (FHA|USDA|VA) 2 $850,000 $425,000 $1,850 2.37%
    FAYETTEVILLE, NC (FHA|USDA|VA) 3 $845,000 $281,667 $4,256 2.00%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 4 $840,000 $210,000 $2,194 2.84%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $835,000 $278,333 $1,608 2.83%
    WALLA WALLA, WA (FHA|USDA|VA) 4 $820,000 $205,000 $3,133 3.15%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $805,000 $268,333 $4,298 2.75%
    GRAND JUNCTION, CO (FHA|USDA|VA) 3 $795,000 $265,000 $3,187 2.79%
    Klamath Falls, OR (FHA|USDA|VA) 3 $795,000 $265,000 $5,460 2.83%
    EL PASO, TX (FHA|USDA|VA) 4 $790,000 $197,500 $3,847 2.78%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $785,000 $261,667 $1,913 2.83%
    Elko, NV (FHA|USDA|VA) 2 $760,000 $380,000 $4,471 2.75%
    LUBBOCK, TX (FHA|USDA|VA) 4 $760,000 $190,000 $4,428 3.38%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $755,000 $251,667 $2,784 3.37%
    MADERA, CA (FHA|USDA|VA) 3 $745,000 $248,333 $4,271 2.79%
    Moses Lake, WA (FHA|USDA|VA) 3 $725,000 $241,667 $1,553 2.92%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $720,000 $180,000 $3,200 3.12%
    LAFAYETTE, LA (FHA|USDA|VA) 4 $710,000 $177,500 $3,409 2.81%
    Menomonie, WI (FHA|USDA|VA) 2 $690,000 $345,000 $1,981 2.37%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $685,000 $228,333 $2,315 2.91%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $680,000 $340,000 $1,968 2.56%
    WACO, TX (FHA|USDA|VA) 3 $675,000 $225,000 $4,937 3.25%
    Juneau, AK (FHA|USDA|VA) 2 $670,000 $335,000 $2,607 2.50%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $665,000 $221,667 $4,004 2.38%
    APPLETON, WI (FHA|USDA|VA) 3 $655,000 $218,333 $2,698 2.75%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 3 $655,000 $218,333 $5,384 3.13%
    JACKSONVILLE, NC (FHA|USDA|VA) 3 $645,000 $215,000 $3,940 2.87%
    MANHATTAN, KS (FHA|USDA|VA) 5 $645,000 $129,000 $4,127 3.17%
    GREENVILLE, NC (FHA|USDA|VA) 3 $635,000 $211,667 $2,521 2.87%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $635,000 $211,667 $3,503 2.62%
    TULSA, OK (FHA|USDA|VA) 3 $635,000 $211,667 $2,835 2.87%
    Huntsville, TX (FHA|USDA|VA) 3 $615,000 $205,000 $8,241 4.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 3 $615,000 $205,000 $2,492 2.54%
    AKRON, OH (FHA|USDA|VA) 3 $615,000 $205,000 $1,733 2.24%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $605,000 $201,667 $3,496 2.75%
    Tupelo, MS (FHA|USDA|VA) 3 $575,000 $191,667 $2,161 3.04%
    Centralia, WA (FHA|USDA|VA) 3 $575,000 $191,667 $3,231 3.13%
    CARSON CITY, NV (FHA|USDA|VA) 3 $565,000 $188,333 $1,348 2.66%
    Sterling, CO (FHA|USDA|VA) 2 $560,000 $280,000 $3,979 2.43%
    LEWISTON, ID-WA (FHA|USDA|VA) 3 $555,000 $185,000 $3,283 2.50%
    TOLEDO, OH (FHA|USDA|VA) 3 $555,000 $185,000 $2,103 2.66%
    MOBILE, AL (FHA|USDA|VA) 2 $530,000 $265,000 $1,590 2.75%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $530,000 $265,000 $3,693 2.88%
    GREEN BAY, WI (FHA|USDA|VA) 3 $525,000 $175,000 $1,872 2.75%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $515,000 $171,667 $2,638 2.96%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $505,000 $505,000 $4,325 2.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $495,000 $495,000 $2,719 2.99%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 4 $490,000 $122,500 $3,259 2.63%
    ROCHESTER, MN (FHA|USDA|VA) 2 $490,000 $245,000 $1,329 2.81%
    Gallup, NM (FHA|USDA|VA) 3 $485,000 $161,667 $7,315 2.67%
    Show Low, AZ (FHA|USDA|VA) 1 $485,000 $485,000 $6,668 2.99%
    SALISBURY, MD-DE (FHA|USDA|VA) 2 $480,000 $240,000 $1,655 2.25%
    READING, PA (FHA|USDA|VA) 3 $475,000 $158,333 $3,425 2.45%
    Elizabeth City, NC (FHA|USDA|VA) 1 $475,000 $475,000 $1,732 2.88%
    TYLER, TX (FHA|USDA|VA) 2 $470,000 $235,000 $4,042 2.68%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $470,000 $235,000 $1,906 2.31%
    SAVANNAH, GA (FHA|USDA|VA) 2 $460,000 $230,000 $2,927 2.62%
    WICHITA, KS (FHA|USDA|VA) 2 $460,000 $230,000 $3,761 2.87%
    Athens, TX (FHA|USDA|VA) 2 $450,000 $225,000 $3,578 3.13%
    Fergus Falls, MN (FHA|USDA|VA) 1 $445,000 $445,000 $5,252 2.99%
    ASHEVILLE, NC (FHA|USDA|VA) 2 $420,000 $210,000 $2,616 3.44%
    OCALA, FL (FHA|USDA|VA) 2 $420,000 $210,000 $2,977 3.00%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $410,000 $205,000 $3,903 3.13%
    LANCASTER, PA (FHA|USDA|VA) 2 $410,000 $205,000 $2,885 2.38%
    CORVALLIS, OR (FHA|USDA|VA) 1 $405,000 $405,000 $7,061 2.63%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $405,000 $405,000 $10,969 2.75%
    Hailey, ID (FHA|USDA|VA) 1 $405,000 $405,000 $3,873 2.75%
    Roseburg, OR (FHA|USDA|VA) 1 $405,000 $405,000 $4,995 3.50%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $395,000 $131,667 $2,779 2.62%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $395,000 $131,667 $2,586 2.66%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $375,000 $375,000 $7,710 2.63%
    TUSCALOOSA, AL (FHA|USDA|VA) 3 $375,000 $125,000 $2,853 3.58%
    Montrose, CO (FHA|USDA|VA) 1 $375,000 $375,000 $1,615 2.99%
    NILES, MI (FHA|USDA|VA) 1 $375,000 $375,000 $1,413 2.38%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $375,000 $125,000 $2,730 2.75%
    Butte-Silver Bow, MT (FHA|USDA|VA) 1 $375,000 $375,000 $3,740 3.13%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $355,000 $355,000 $2,876 2.99%
    HARRISONBURG, VA (FHA|USDA|VA) 2 $340,000 $170,000 $1,524 3.06%
    Jefferson, GA (FHA|USDA|VA) 2 $340,000 $170,000 $2,354 2.69%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $335,000 $335,000 $9,239 2.99%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $325,000 $325,000 $4,025 1.99%
    Edwards, CO (FHA|USDA|VA) 1 $325,000 $325,000 $15,400 2.25%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $325,000 $325,000 $6,488 2.63%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 3 $325,000 $108,333 $1,956 2.71%
    Brainerd, MN (FHA|USDA|VA) 2 $320,000 $160,000 $5,462 2.44%
    Fallon, NV (FHA|USDA|VA) 1 $315,000 $315,000 $1,617 1.99%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $305,000 $305,000 $1,880 2.99%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $305,000 $305,000 $2,040 3.25%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $305,000 $305,000 $2,545 3.13%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $295,000 $295,000 $3,907 2.75%
    BILLINGS, MT (FHA|USDA|VA) 1 $295,000 $295,000 $1,305 1.99%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $295,000 $295,000 $1,950 2.88%
    DOTHAN, AL (FHA|USDA|VA) 1 $295,000 $295,000 $3,106 2.88%
    Findlay, OH (FHA|USDA|VA) 1 $295,000 $295,000 $2,826 2.88%
    Nacogdoches, TX (FHA|USDA|VA) 2 $290,000 $145,000 $6,060 2.49%
    Helena, MT (FHA|USDA|VA) 1 $285,000 $285,000 $1,920 2.88%
    DeRidder, LA (FHA|USDA|VA) 1 $285,000 $285,000 $2,090 2.88%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $285,000 $285,000 $2,929 2.88%
    Payson, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $9,581 2.63%
    Gillette, WY (FHA|USDA|VA) 1 $275,000 $275,000 $8,519 2.75%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $275,000 $275,000 $2,204 2.63%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $275,000 $275,000 $1,980 2.88%
    MUNCIE, IN (FHA|USDA|VA) 2 $270,000 $135,000 $2,109 3.06%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $265,000 $265,000 $1,380 2.13%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $265,000 $265,000 $1,503 2.13%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,765 2.88%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,100 2.75%
    Sonora, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,260 2.88%
    Adrian, MI (FHA|USDA|VA) 1 $255,000 $255,000 $1,425 2.88%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $250,000 $125,000 $1,435 2.81%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $235,000 $235,000 $1,270 2.13%
    Sidney, OH (FHA|USDA|VA) 1 $235,000 $235,000 $2,422 2.50%
    Del Rio, TX (FHA|USDA|VA) 1 $235,000 $235,000 $2,900 3.13%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,107 2.50%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $235,000 $235,000 $2,854 2.99%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $235,000 $235,000 $1,626 2.75%
    LONGVIEW, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,075 2.99%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $225,000 $225,000 $3,042 2.88%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $225,000 $225,000 $2,370 2.13%
    CLEVELAND, TN (FHA|USDA|VA) 1 $225,000 $225,000 $1,195 2.99%
    BANGOR, ME (FHA|USDA|VA) 1 $225,000 $225,000 $1,915 2.75%
    Lewisburg, PA (FHA|USDA|VA) 1 $225,000 $225,000 $2,698 2.88%
    REDDING, CA (FHA|USDA|VA) 1 $225,000 $225,000 $2,470 2.38%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $225,000 $225,000 $2,180 2.99%
    Bonham, TX (FHA|USDA|VA) 1 $225,000 $225,000 $6,357 2.38%
    COLUMBUS, GA-AL (FHA|USDA|VA) 2 $220,000 $110,000 $3,198 4.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $215,000 $215,000 $11,297 2.99%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,210 3.38%
    COLUMBIA, MO (FHA|USDA|VA) 1 $215,000 $215,000 $3,104 2.88%
    Sevierville, TN (FHA|USDA|VA) 1 $215,000 $215,000 $2,757 3.25%
    FAIRBANKS, AK (FHA|USDA|VA) 1 $205,000 $205,000 $4,354 3.63%
    Safford, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $1,700 2.88%
    Sandusky, OH (FHA|USDA|VA) 1 $205,000 $205,000 $2,010 1.99%
    St. Marys, GA (FHA|USDA|VA) 1 $205,000 $205,000 $2,018 2.38%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $205,000 $205,000 $1,968 2.99%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $195,000 $195,000 $3,113 2.25%
    Warsaw, IN (FHA|USDA|VA) 1 $185,000 $185,000 $4,693 3.50%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $185,000 $185,000 $9,411 3.75%
    Laconia, NH (FHA|USDA|VA) 1 $185,000 $185,000 $1,715 2.88%
    Yankton, SD (FHA|USDA|VA) 1 $185,000 $185,000 $3,840 2.25%
    Crossville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $1,978 2.75%
    Enterprise, AL (FHA|USDA|VA) 1 $175,000 $175,000 $4,883 2.88%
    Bardstown, KY (FHA|USDA|VA) 1 $175,000 $175,000 $4,331 3.50%
    LEBANON, PA (FHA|USDA|VA) 1 $175,000 $175,000 $4,301 2.75%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $165,000 $165,000 $1,796 2.99%
    Danville, KY (FHA|USDA|VA) 1 $165,000 $165,000 $2,834 2.88%
    Athens, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,260 2.99%
    Evanston, WY (FHA|USDA|VA) 1 $165,000 $165,000 $4,005 1.99%
    Newberry, SC (FHA|USDA|VA) 1 $165,000 $165,000 $2,174 2.99%
    La Grande, OR (FHA|USDA|VA) 1 $165,000 $165,000 $3,343 3.13%
    Holland, MI (FHA|USDA|VA) 1 $155,000 $155,000 $1,245 3.13%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $155,000 $155,000 $3,941 2.75%
    Kerrville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $5,569 2.75%
    Brevard, NC (FHA|USDA|VA) 1 $155,000 $155,000 $1,599 2.75%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $145,000 $145,000 $3,029 2.50%
    GREAT FALLS, MT (FHA|USDA|VA) 1 $135,000 $135,000 $1,772 2.63%
    IOWA CITY, IA (FHA|USDA|VA) 1 $135,000 $135,000 $975 3.38%
    VICTORIA, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,515 2.25%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $135,000 $135,000 $1,200 2.63%
    Henderson, NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,669 2.99%
    Traverse City, MI (FHA|USDA|VA) 1 $135,000 $135,000 $1,245 2.25%
    KOKOMO, IN (FHA|USDA|VA) 1 $125,000 $125,000 $3,256 2.38%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $125,000 $125,000 $6,815 3.63%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $115,000 $115,000 $3,704 2.25%
    El Campo, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,592 3.99%
    Portsmouth, OH (FHA|USDA|VA) 1 $105,000 $105,000 $1,225 2.38%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $105,000 $105,000 $1,201 2.75%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $105,000 $105,000 $3,779 2.50%
    Wabash, IN (FHA|USDA|VA) 1 $95,000 $95,000 $1,730 3.00%
    PUEBLO, CO (FHA|USDA|VA) 1 $95,000 $95,000 $1,722 2.75%
    RACINE, WI (FHA|USDA|VA) 1 $95,000 $95,000 $1,640 2.63%
    FLINT, MI (FHA|USDA|VA) 1 $95,000 $95,000 $3,555 2.99%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $95,000 $95,000 $2,305 2.25%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $85,000 $85,000 $2,018 3.25%
    Elk City, OK (FHA|USDA|VA) 1 $85,000 $85,000 $3,337 2.75%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $75,000 $75,000 $1,679 2.50%
    ROCKFORD, IL (FHA|USDA|VA) 1 $75,000 $75,000 $4,981 3.13%
    Glasgow, KY (FHA|USDA|VA) 1 $65,000 $65,000 $1,885 3.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $55,000 $55,000 $1,980 3.63%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $55,000 $55,000 $3,842 2.50%
    Canopy Mortgage's top markets include Salt Lake City, Provo, Ogden, Idaho Falls, and Portland among others.

    Their top states include:
  • Utah (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against CANOPY MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    BEEHIVE
    Similarity Rank: 108
    Los Angeles Federal Credit Union
    Similarity Rank: 170
    First Credit Union
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    Great Basin Federal Credit Union
    Similarity Rank: 348
    State Bank of Southern Utah
    Similarity Rank: 432
    AAXY L.L.C.
    Similarity Rank: 486
    ARIZONA CENTRAL
    Similarity Rank: 506
    PIMA Federal Credit Union
    Similarity Rank: 549
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 666

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 11,065 $3,295,995,000 $297,876 $3,861 2.81%
    VA 511 $186,015,000 $364,022 $8,126 2.45%
    FHA 509 $149,615,000 $293,939 $10,632 2.77%
    USDA 126 $35,720,000 $283,492 $7,829 2.40%

    For 2021, Canopy Mortgage's most frequently originated type of loan was Conventional, with 11,065 originations. Their 2nd most popular type was VA, with 511 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 4,940 $1,342,870,000 $271,836 $3,135 2.62%
    Cash Out Refi 3,789 $1,159,595,000 $306,042 $4,037 2.86%
    Home Purchase 3,482 $1,164,880,000 $334,543 $6,456 2.95%

    For 2021, Canopy Mortgage's most frequently cited loan purpose was Refi, with 4,940 originations. The 2nd most popular reason was Cash Out Refi, with 3,789 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 9,238 $2,932,870,000 $317,479 $4,822 2.90%
    15 Year 1,700 $420,030,000 $247,076 $2,954 2.28%
    20 Year 770 $202,060,000 $262,416 $3,039 2.59%
    10 Year 261 $42,975,000 $164,655 $2,097 2.74%
    Other 242 $69,410,000 $286,818 $3,348 2.74%

    For 2021, Canopy Mortgage's most frequently cited loan duration was 30 Year, with 9,238 originations. The 2nd most popular length was 15 Year, with 1,700 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,693 $1,343,975,000 $286,379
    $1k-2k 3,553 $1,056,245,000 $297,283
    $2k-3k 1,690 $465,440,000 $275,408
    $3k-4k 1,053 $328,545,000 $312,009
    $5k+ 676 $283,380,000 $419,201
    $4k-5k 541 $188,615,000 $348,641

    Canopy Mortgage's average total fees were $4,822, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,693 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 6,157 $1,940,575,000 $315,182
    <2.5% 3,636 $1,013,980,000 $278,872
    3-4% 2,254 $691,590,000 $306,828
    4-5% 147 $20,715,000 $140,918
    5-6% 15 $305,000 $20,333
    7-8% 1 $15,000 $15,000

    During 2021, Canopy Mortgage's average interest rate for loans was 2.90%, while their most frequently originated rate bucket for loans was 2.5-3%, with 6,157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 7,047 $2,038,125,000 $289,219 $4,259 2.76%
    $100k-200k 2,377 $377,145,000 $158,664 $3,372 2.78%
    $400k-600k 2,299 $1,094,505,000 $476,079 $5,578 2.82%
    $100,000 or less 301 $18,125,000 $60,216 $2,097 3.39%
    $600k-1MM 172 $121,880,000 $708,605 $9,396 2.92%
    $1MM+ 15 $17,565,000 $1,171,000 $10,910 2.88%

    2021 saw Canopy Mortgage place emphasis on $200k-400k loans with 7,047 originations, totaling $2,038,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3,342 $1,086,110,000 $324,988 $4,284 2.77%
    $50k-75k 2,536 $640,020,000 $252,374 $4,495 2.82%
    $75k-100k 2,520 $732,930,000 $290,845 $4,390 2.80%
    $150k-250k 2,071 $740,675,000 $357,641 $4,230 2.79%
    $50k or less 996 $191,210,000 $191,978 $4,227 2.81%
    $250k+ 595 $230,305,000 $387,067 $4,821 2.85%

    Canopy Mortgage lent most frequently to those with incomes in the $100k-150k range, with 3,342 originations. The second most popular income band? $50k-75k, with 2,536 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 5,231 $1,454,675,000 $278,087 $3,808 2.79%
    20-30% 4,298 $1,350,520,000 $314,221 $4,483 2.79%
    30-36% 1,419 $464,305,000 $327,206 $5,259 2.82%
    36% 165 $53,075,000 $321,667 $5,277 2.87%
    38% 134 $41,730,000 $311,418 $5,341 2.80%
    37% 131 $41,055,000 $313,397 $4,625 2.80%
    39% 102 $32,810,000 $321,667 $5,473 2.71%
    42% 89 $27,195,000 $305,562 $5,366 2.87%
    41% 88 $28,510,000 $323,977 $5,827 2.85%
    40% 86 $25,120,000 $292,093 $5,561 2.89%
    44% 66 $20,480,000 $310,303 $4,845 2.79%
    43% 61 $19,725,000 $323,361 $6,450 2.85%
    45% 46 $15,260,000 $331,739 $5,174 2.87%
    46% 34 $10,520,000 $309,412 $6,561 2.86%
    47% 30 $10,280,000 $342,667 $4,289 2.81%
    49% 24 $6,840,000 $285,000 $4,461 2.67%
    48% 23 $8,155,000 $354,565 $6,600 2.92%
    50-60% 6 $2,620,000 $436,667 $10,465 3.10%
    >60% 3 $805,000 $268,333 $3,352 2.08%

    Canopy Mortgage lent most frequently to those with DTI ratios of <20%, with 5,231 originations. The next most common DTI ratio? 20-30%, with 4,298 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 9,312 $2,795,480,000 $300,202 $4,434 2.79%
    Not provided 1,785 $530,695,000 $297,308 $4,057 2.81%
    Asian Indian 246 $77,050,000 $313,211 $3,429 2.67%
    Black 225 $69,655,000 $309,578 $5,121 2.73%
    Chinese 156 $48,860,000 $313,205 $3,859 2.72%
    Filipino 109 $34,745,000 $318,761 $4,659 2.83%
    Other Asian 90 $25,970,000 $288,556 $4,448 2.78%
    Vietnamese 66 $19,660,000 $297,879 $3,635 2.78%
    Korean 64 $17,620,000 $275,313 $3,488 2.79%
    American Indian 52 $16,070,000 $309,038 $5,390 2.75%
    Japanese 38 $11,240,000 $295,789 $3,733 2.81%
    Other Pacific Islander 23 $7,905,000 $343,696 $5,236 2.67%
    Samoan 23 $6,175,000 $268,478 $5,167 2.99%
    Native Hawaiian 20 $5,550,000 $277,500 $4,367 2.87%
    Asian 2 $670,000 $335,000 $6,242 2.99%

    Approval Rates

    Total approvals of all applications
    96.39%

    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 origination
    53.09%

    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 12,211 $3,667,345,000 $300,331

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    12,211 $3,667,345,000 $300,331

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,140 $235,210,000 $206,325 $2,889 2.55%
    40-60% 3,027 $831,155,000 $274,580 $3,178 2.64%
    60-80% 4,992 $1,602,020,000 $320,917 $4,230 2.90%
    80-100% 2,878 $983,390,000 $341,692 $6,588 2.81%
    Over 100% 4 $1,710,000 $427,500 $9,372 2.44%
    Under 20% 170 $13,860,000 $81,529 $1,423 3.62%