Canopy Mortgage Rates, Fees & Info
LINDON, UTLEI: 549300ZWNETGFXTBBY03
Tax ID: 47-3632618
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Mortgage Data
Review & Overview
Canopy Mortgage is a small mortgage company specializing in Refi, 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: Salt Lake City, Provo, Ogden, Idaho Falls, and Phoenix among others. We have data for 208 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 a low 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% | 12/30/24 |
| 30 Year Conventional Refi | 6.25% | 12/30/24 |
| 30 Year Cash-out Refi | 6.42% | 12/30/24 |
| 30 Year FHA Purchase | 7.28% | 12/30/24 |
| 30 Year FHA Refi | 7.11% | 12/30/24 |
| 30 Year VA Purchase | 6.15% | 12/30/24 |
| 30 Year VA Refi | 5.26% | 12/30/24 |
| 30 Year USDA Purchase | 6.37% | 12/30/24 |
| 30 Year USDA Refi | 6.27% | 12/30/24 |
| 15 Year Conventional Purchase | 6.41% | 12/30/24 |
| 15 Year Conventional Refi | 5.67% | 12/30/24 |
| 15 Year Cash-out Refi | 5.67% | 12/30/24 |
| 15 Year FHA Purchase | 5.68% | 12/30/24 |
| 15 Year FHA Refi | 5.68% | 12/30/24 |
| 15 Year VA Purchase | 5.68% | 12/30/24 |
| 15 Year VA Refi | 5.88% | 12/30/24 |
| 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
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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
10,249Origination Dollar Volume (All Markets)
$2,875,065,000Awards
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CANOPY MORTGAGE - 2020
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For 2020, less than of lenders were eligible for this award.
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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) | 1,577 | $464,345,000 | $294,448 | $3,985 | 2.95% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1,362 | $402,920,000 | $295,830 | $3,697 | 2.92% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1,162 | $328,100,000 | $282,358 | $3,815 | 2.93% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 954 | $212,330,000 | $222,568 | $5,813 | 3.03% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 657 | $183,225,000 | $278,881 | $3,257 | 2.92% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 559 | $180,535,000 | $322,961 | $4,937 | 3.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 568 | $169,540,000 | $298,486 | $4,391 | 2.92% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 355 | $102,385,000 | $288,408 | $5,913 | 2.92% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 203 | $62,225,000 | $306,527 | $4,626 | 2.90% |
| BEND, OR (FHA|USDA|VA) | 195 | $59,975,000 | $307,564 | $5,098 | 2.94% |
| Rexburg, ID (FHA|USDA|VA) | 226 | $54,540,000 | $241,327 | $5,810 | 2.91% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 144 | $44,530,000 | $309,236 | $3,229 | 3.05% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 163 | $39,225,000 | $240,644 | $4,520 | 2.92% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 137 | $37,425,000 | $273,175 | $3,901 | 2.98% |
| Outside of Metro Areas | 138 | $32,820,000 | $237,826 | $4,757 | 2.97% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 81 | $32,315,000 | $398,951 | $4,592 | 2.84% |
| STOCKTON, CA (FHA|USDA|VA) | 91 | $29,035,000 | $319,066 | $7,210 | 2.86% |
| Blackfoot, ID (FHA|USDA|VA) | 113 | $26,355,000 | $233,230 | $5,958 | 2.89% |
| ST. GEORGE, UT (FHA|USDA|VA) | 86 | $24,510,000 | $285,000 | $3,291 | 2.89% |
| LOGAN, UT-ID (FHA|USDA|VA) | 80 | $18,840,000 | $235,500 | $3,166 | 2.87% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 54 | $17,590,000 | $325,741 | $3,005 | 3.06% |
| TUCSON, AZ (FHA|USDA|VA) | 74 | $14,950,000 | $202,027 | $5,042 | 2.75% |
| Heber, UT (FHA|USDA|VA) | 37 | $14,115,000 | $381,486 | $4,590 | 2.87% |
| BOISE CITY, ID (FHA|USDA|VA) | 46 | $13,440,000 | $292,174 | $4,792 | 2.95% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 56 | $12,910,000 | $230,536 | $3,977 | 3.07% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 38 | $12,430,000 | $327,105 | $4,034 | 2.99% |
| Brookings, OR (FHA|USDA|VA) | 43 | $12,155,000 | $282,674 | $6,363 | 3.09% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 42 | $11,210,000 | $266,905 | $4,200 | 2.94% |
| FORT COLLINS, CO (FHA|USDA|VA) | 36 | $11,140,000 | $309,444 | $2,787 | 3.12% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 25 | $10,865,000 | $434,600 | $5,798 | 2.74% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 32 | $10,430,000 | $325,938 | $3,594 | 2.83% |
| Price, UT (FHA|USDA|VA) | 47 | $8,965,000 | $190,745 | $4,891 | 2.73% |
| SALEM, OR (FHA|USDA|VA) | 34 | $8,610,000 | $253,235 | $6,315 | 2.99% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 31 | $7,775,000 | $250,806 | $6,094 | 2.73% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 16 | $7,540,000 | $471,250 | $4,500 | 2.73% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 35 | $7,525,000 | $215,000 | $5,070 | 3.09% |
| POCATELLO, ID (FHA|USDA|VA) | 33 | $6,115,000 | $185,303 | $5,075 | 3.01% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 24 | $5,520,000 | $230,000 | $5,374 | 2.65% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 16 | $5,470,000 | $341,875 | $2,863 | 2.83% |
| FRESNO, CA (FHA|USDA|VA) | 21 | $5,135,000 | $244,524 | $3,126 | 2.87% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 17 | $5,065,000 | $297,941 | $3,728 | 2.93% |
| RENO, NV (FHA|USDA|VA) | 19 | $4,875,000 | $256,579 | $3,756 | 2.79% |
| MODESTO, CA (FHA|USDA|VA) | 15 | $4,495,000 | $299,667 | $6,619 | 2.97% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 17 | $4,365,000 | $256,765 | $3,288 | 2.85% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 17 | $4,115,000 | $242,059 | $3,287 | 2.86% |
| Prineville, OR (FHA|USDA|VA) | 15 | $4,015,000 | $267,667 | $6,612 | 3.06% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 12 | $3,930,000 | $327,500 | $4,106 | 2.75% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 15 | $3,875,000 | $258,333 | $4,784 | 2.79% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 18 | $3,860,000 | $214,444 | $3,941 | 2.85% |
| BOULDER, CO (FHA|USDA|VA) | 11 | $3,785,000 | $344,091 | $3,430 | 2.92% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 12 | $3,770,000 | $314,167 | $4,142 | 2.76% |
| Jackson, WY-ID (FHA|USDA|VA) | 12 | $3,740,000 | $311,667 | $7,113 | 2.86% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 22 | $3,590,000 | $163,182 | $4,665 | 3.60% |
| Cedar City, UT (FHA|USDA|VA) | 16 | $3,470,000 | $216,875 | $4,067 | 2.97% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 7 | $3,435,000 | $490,714 | $6,482 | 2.57% |
| GREELEY, CO (FHA|USDA|VA) | 10 | $3,230,000 | $323,000 | $2,759 | 2.96% |
| Branson, MO (FHA|USDA|VA) | 14 | $3,080,000 | $220,000 | $5,491 | 2.45% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 12 | $2,890,000 | $240,833 | $3,660 | 2.95% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 9 | $2,815,000 | $312,778 | $3,386 | 2.75% |
| YUMA, AZ (FHA|USDA|VA) | 11 | $2,695,000 | $245,000 | $5,818 | 2.82% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $2,680,000 | $223,333 | $5,728 | 3.15% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 12 | $2,650,000 | $220,833 | $3,454 | 3.02% |
| MEDFORD, OR (FHA|USDA|VA) | 7 | $2,365,000 | $337,857 | $5,593 | 3.02% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 9 | $2,315,000 | $257,222 | $3,484 | 2.85% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $2,275,000 | $325,000 | $3,296 | 3.03% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 8 | $2,250,000 | $281,250 | $3,122 | 2.89% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 6 | $1,990,000 | $331,667 | $4,803 | 2.75% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 9 | $1,915,000 | $212,778 | $2,323 | 2.83% |
| TWIN FALLS, ID (FHA|USDA|VA) | 11 | $1,835,000 | $166,818 | $5,137 | 3.33% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,580,000 | $395,000 | $4,313 | 3.28% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,580,000 | $395,000 | $9,739 | 2.34% |
| Vernal, UT (FHA|USDA|VA) | 9 | $1,495,000 | $166,111 | $3,212 | 3.26% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $2,078 | 3.29% |
| GRANTS PASS, OR (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $5,478 | 3.37% |
| Coos Bay, OR (FHA|USDA|VA) | 7 | $1,465,000 | $209,286 | $6,351 | 3.27% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $2,360 | 3.28% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $5,817 | 2.60% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $3,498 | 2.93% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $2,279 | 2.77% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $4,202 | 3.05% |
| Hobbs, NM (FHA|USDA|VA) | 8 | $1,180,000 | $147,500 | $6,321 | 3.34% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $4,224 | 2.84% |
| Show Low, AZ (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $3,691 | 2.43% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $3,215 | 2.81% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $1,115,000 | $223,000 | $2,701 | 2.90% |
| REDDING, CA (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $2,993 | 2.84% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $10,757 | 3.63% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $4,662 | 2.94% |
| Astoria, OR (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $4,338 | 2.69% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $4,077 | 2.85% |
| Klamath Falls, OR (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $4,313 | 2.66% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $3,224 | 2.55% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $3,824 | 2.75% |
| CARSON CITY, NV (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $3,148 | 3.97% |
| Elko, NV (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $6,329 | 2.83% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $2,145 | 3.38% |
| Moses Lake, WA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $4,551 | 3.13% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $3,577 | 2.83% |
| Burley, ID (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $4,998 | 3.03% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $4,502 | 2.67% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $2,951 | 3.19% |
| LUBBOCK, TX (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $3,526 | 3.06% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $3,841 | 3.81% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $9,111 | 2.54% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $4,476 | 2.81% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,518 | 2.95% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,573 | 2.69% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $3,243 | 3.34% |
| Pahrump, NV (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $3,045 | 2.75% |
| Outside of Metro Areas | 2 | $620,000 | $310,000 | $5,189 | 2.25% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $5,804 | 2.63% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $3,576 | 2.94% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,719 | 2.79% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,733 | 3.00% |
| FARMINGTON, NM (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $10,436 | 2.88% |
| Newport, OR (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,959 | 4.00% |
| OCALA, FL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $3,123 | 3.04% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,431 | 3.06% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,516 | 2.94% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,533 | 3.13% |
| ROME, GA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $10,599 | 2.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $2,034 | 2.63% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $8,242 | 3.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,676 | 2.91% |
| Hailey, ID (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,771 | 2.69% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,592 | 3.06% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,365 | 2.69% |
| JOPLIN, MO (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $4,932 | 3.08% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $1,214 | 3.06% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,969 | 2.31% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,345 | 2.44% |
| Pullman, WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,406 | 2.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,857 | 2.93% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,158 | 1.99% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,575 | 3.50% |
| Centralia, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $12,715 | 3.38% |
| MADISON, WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,329 | 2.99% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,929 | 2.44% |
| Shelton, WA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,017 | 3.12% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,319 | 3.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,012 | 2.87% |
| MERCED, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $14,630 | 2.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,854 | 2.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,147 | 3.06% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,123 | 2.99% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,861 | 2.75% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,806 | 2.81% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $1,840 | 2.81% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,747 | 3.38% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,180 | 2.63% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,293 | 2.25% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,044 | 3.50% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,640 | 2.25% |
| Moscow, ID (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,311 | 3.13% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,711 | 2.88% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,020 | 3.25% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,076 | 2.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,384 | 2.69% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,555 | 2.81% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,051 | 3.50% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,699 | 3.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,690 | 3.38% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,722 | 2.63% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,380 | 2.99% |
| LAREDO, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,571 | 2.12% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,027 | 1.88% |
| MADERA, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,687 | 3.63% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,096 | 3.38% |
| Sonora, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,321 | 2.25% |
| Sterling, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,329 | 2.50% |
| Bonham, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $14,299 | 3.38% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,401 | 2.63% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,910 | 1.99% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,013 | 2.25% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,823 | 2.88% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,727 | 2.50% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,794 | 3.63% |
| Gallup, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,645 | 2.38% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,664 | 3.25% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,440 | 3.13% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,626 | 3.50% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,230 | 3.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,562 | 3.25% |
| WACO, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,022 | 2.25% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,198 | 2.88% |
| Payson, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,760 | 2.63% |
| READING, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,214 | 2.88% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,892 | 3.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,781 | 2.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,032 | 4.75% |
| TYLER, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,935 | 2.13% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,625 | 2.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,766 | 2.63% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,103 | 3.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,558 | 2.75% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,957 | 2.99% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,983 | 2.75% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,314 | 4.13% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,366 | 2.50% |
| Brevard, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,480 | 2.63% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,781 | 3.13% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,058 | 4.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,358 | 3.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,047 | 3.38% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,855 | 3.63% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,705 | 2.63% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,315 | 4.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,583 | 4.00% |
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Product Mix
For 2020, Canopy Mortgage's most frequently originated type of loan was Conventional, with 8,975 originations. Their 2nd most popular type was FHA, with 648 originations.
Loan Reason
For 2020, Canopy Mortgage's most frequently cited loan purpose was Refi, with 5,005 originations. The 2nd most popular reason was Home Purchase, with 2,880 originations.
Loan Duration/Length
For 2020, Canopy Mortgage's most frequently cited loan duration was 30 Year, with 8,127 originations. The 2nd most popular length was 15 Year, with 1,097 originations.
Origination Fees/Closing Costs
Canopy Mortgage's average total fees were $4,688, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,340 originations.
Interest Rates
During 2020, Canopy Mortgage's average interest rate for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 4,465 originations.
Loan Sizing
2020 saw Canopy Mortgage place emphasis on $200k-400k loans with 6,353 originations, totaling $1,813,385,000 in origination value.
Applicant Income
Canopy Mortgage lent most frequently to those with incomes in the $100k-150k range, with 2,757 originations. The second most popular income band? $50k-75k, with 2,225 originations.
Applicant Debt to Income Ratio
Canopy Mortgage lent most frequently to those with DTI ratios of <20%, with 9,976 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.34%
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 origination50.03%
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 | 10,249 | $2,875,065,000 | $280,522 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 105 | $20,955,000 | $199,571 |
| Single Family (1-4 Units):Site-Built | 10,144 | $2,854,110,000 | $281,359 |