Flagstar Bank

Troy, MI 48098

LEI: SS1TRMSN6BRNMOREEV51

Tax ID: 38-2734984

2019 Data *Active* | 2018 Data


Overview

Flagstar Bank is a large mortgage company specializing in Home Purchase and Refi loans. Flagstar Bank 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 Los Angeles, Riverside, San Diego, Houston, and Warren among others. They have an 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. Flagstar Bank is typically a low/ medium-low/ fee lendor.


Originations

83,002

Origination Dollar Volume (All Markets)

$22,759,070,000

Product Mix

Loan Type Originations Total Value Average Loan
Conventional 59,766 $16,761,060,000 $280,445
FHA 12,127 $2,709,185,000 $223,401
VA 9,495 $3,045,355,000 $320,732
USDA 1,614 $243,470,000 $150,849

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 42,245 $11,367,915,000 $269,095
Home Improvement 1,941 $178,015,000 $91,713
Other 2,058 $278,110,000 $135,136
NA 1,842 $594,770,000 $322,894
Refi 19,245 $6,362,665,000 $330,614
Cash Out Refi 15,671 $3,977,595,000 $253,819

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 7,965 $1,506,615,000 $189,154
LOS ANGELES-LONG BEACH-GLENDALE, CA 3,149 $1,332,475,000 $423,142
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 3,122 $937,410,000 $300,259
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 1,723 $749,965,000 $435,267
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 2,631 $689,635,000 $262,119
WARREN-TROY-FARMINGTON HILLS, MI 3,693 $676,665,000 $183,229
ANAHEIM-SANTA ANA-IRVINE, CA 1,506 $675,370,000 $448,453
PHOENIX-MESA-CHANDLER, AZ 2,483 $665,765,000 $268,129
SEATTLE-BELLEVUE-KENT, WA 1,442 $654,250,000 $453,710
DENVER-AURORA-LAKEWOOD, CO 1,475 $485,495,000 $329,149
OAKLAND-BERKELEY-LIVERMORE, CA 920 $455,030,000 $494,598
SACRAMENTO-ROSEVILLE-FOLSOM, CA 1,239 $430,715,000 $347,631
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 1,662 $429,750,000 $258,574
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 651 $414,095,000 $636,091
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 491 $361,425,000 $736,100
SANTA ROSA-PETALUMA, CA 732 $325,470,000 $444,631
CHICAGO-NAPERVILLE-EVANSTON, IL 1,296 $307,360,000 $237,160
DALLAS-PLANO-IRVING, TX 979 $295,225,000 $301,558
LAS VEGAS-HENDERSON-PARADISE, NV 1,050 $287,630,000 $273,933
DETROIT-DEARBORN-LIVONIA, MI 1,619 $280,135,000 $173,030
SANTA CRUZ-WATSONVILLE, CA 501 $270,105,000 $539,132
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 779 $263,525,000 $338,286
KANSAS CITY, MO-KS 1,169 $246,505,000 $210,868
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,000 $246,430,000 $246,430
SAN LUIS OBISPO-PASO ROBLES, CA 543 $245,515,000 $452,145
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 580 $234,590,000 $404,466
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 823 $220,145,000 $267,491
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 678 $215,520,000 $317,876
TAMPA-ST. PETERSBURG-CLEARWATER, FL 832 $208,810,000 $250,974
AUSTIN-ROUND ROCK-GEORGETOWN, TX 606 $199,190,000 $328,696
BOISE CITY, ID 788 $193,860,000 $246,015
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 731 $191,285,000 $261,676
ORLANDO-KISSIMMEE-SANFORD, FL 714 $179,800,000 $251,821
MIAMI-MIAMI BEACH-KENDALL, FL 636 $179,590,000 $282,374
VALLEJO, CA 490 $163,280,000 $333,224
SAN RAFAEL, CA 263 $160,755,000 $611,236
OXNARD-THOUSAND OAKS-VENTURA, CA 370 $155,650,000 $420,676
EUGENE-SPRINGFIELD, OR 497 $136,555,000 $274,759
SALT LAKE CITY, UT 461 $128,685,000 $279,143
FRESNO, CA 443 $124,365,000 $280,734
NEW BRUNSWICK-LAKEWOOD, NJ 402 $123,070,000 $306,144
BALTIMORE-COLUMBIA-TOWSON, MD 429 $122,845,000 $286,352
TACOMA-LAKEWOOD, WA 377 $121,635,000 $322,639
CHARLOTTE-CONCORD-GASTONIA, NC-SC 467 $116,765,000 $250,032
NAPA, CA 258 $109,630,000 $424,922
INDIANAPOLIS-CARMEL-ANDERSON, IN 537 $109,475,000 $203,864
NASSAU COUNTY-SUFFOLK COUNTY, NY 277 $107,625,000 $388,538
KENNEWICK-RICHLAND, WA 410 $107,340,000 $261,805
ST. LOUIS, MO-IL 527 $106,135,000 $201,395
LAKE HAVASU CITY-KINGMAN, AZ 464 $106,030,000 $228,513
SPOKANE-SPOKANE VALLEY, WA 461 $102,185,000 $221,659
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 369 $100,515,000 $272,398
LANSING-EAST LANSING, MI 676 $90,630,000 $134,068
COLUMBUS, OH 441 $90,055,000 $204,206
MILWAUKEE-WAUKESHA, WI 383 $87,325,000 $228,003
GRAND RAPIDS-KENTWOOD, MI 591 $84,365,000 $142,750
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 231 $81,545,000 $353,009
NORTH PORT-SARASOTA-BRADENTON, FL 320 $81,410,000 $254,406
PORT ST. LUCIE, FL 355 $79,555,000 $224,099
REDDING, CA 291 $78,435,000 $269,536
OGDEN-CLEARFIELD, UT 284 $78,310,000 $275,739
FORT WORTH-ARLINGTON-GRAPEVINE, TX 303 $76,965,000 $254,010
OMAHA-COUNCIL BLUFFS, NE-IA 338 $76,820,000 $227,278
COLORADO SPRINGS, CO 255 $75,985,000 $297,980
SAN ANTONIO-NEW BRAUNFELS, TX 286 $75,250,000 $263,112
CAPE CORAL-FORT MYERS, FL 297 $72,445,000 $243,923
OLYMPIA-LACEY-TUMWATER, WA 228 $72,300,000 $317,105
PITTSBURGH, PA 405 $70,795,000 $174,802
PROVO-OREM, UT 244 $70,290,000 $288,074
TUCSON, AZ 321 $68,985,000 $214,907
CHARLESTON-NORTH CHARLESTON, SC 235 $68,085,000 $289,723
PROVIDENCE-WARWICK, RI-MA 254 $67,260,000 $264,803
LAKE COUNTY-KENOSHA COUNTY, IL-WI 304 $66,270,000 $217,993
RENO, NV 200 $65,730,000 $328,650
JACKSONVILLE, FL 249 $65,285,000 $262,189
NEW ORLEANS-METAIRIE, LA 293 $63,955,000 $218,276
SALEM, OR 259 $62,965,000 $243,108
STOCKTON, CA 205 $61,005,000 $297,585
OKLAHOMA CITY, OK 252 $58,920,000 $233,810
GREEN BAY, WI 337 $58,685,000 $174,139
LOUISVILLE/JEFFERSON COUNTY, KY-IN 260 $57,610,000 $221,577
ANCHORAGE, AK 174 $56,570,000 $325,115
RALEIGH-CARY, NC 218 $55,830,000 $256,101
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 286 $55,730,000 $194,860
SALINAS, CA 115 $55,665,000 $484,043
ANN ARBOR, MI 242 $52,360,000 $216,364
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 145 $52,175,000 $359,828
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 191 $51,585,000 $270,079
ALBUQUERQUE, NM 232 $51,220,000 $220,776
JACKSON, MI 428 $49,270,000 $115,117
MODESTO, CA 184 $47,770,000 $259,620
BOSTON, MA 130 $46,240,000 $355,692
NEWARK, NJ-PA 147 $43,925,000 $298,810
LAREDO, TX 210 $42,420,000 $202,000
CLARKSVILLE, TN-KY 213 $42,345,000 $198,803
WICHITA, KS 260 $41,760,000 $160,615
FORT COLLINS, CO 138 $41,750,000 $302,536
BEND, OR 140 $41,230,000 $294,500
NAPLES-MARCO ISLAND, FL 115 $41,105,000 $357,435
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 200 $40,660,000 $203,300
GREELEY, CO 130 $39,990,000 $307,615
ALBANY, GA 234 $39,950,000 $170,726
MEMPHIS, TN-MS-AR 210 $39,760,000 $189,333
PALM BAY-MELBOURNE-TITUSVILLE, FL 168 $38,590,000 $229,702
BATON ROUGE, LA 173 $38,155,000 $220,549
SAVANNAH, GA 175 $38,145,000 $217,971
BILLINGS, MT 181 $37,745,000 $208,536
FLINT, MI 292 $37,670,000 $129,007
IDAHO FALLS, ID 167 $36,455,000 $218,293
BAKERSFIELD, CA 158 $36,140,000 $228,734
ELGIN, IL 158 $34,790,000 $220,190
DES MOINES-WEST DES MOINES, IA 190 $34,470,000 $181,421
BISMARCK, ND 126 $33,720,000 $267,619
AUGUSTA-RICHMOND COUNTY, GA-SC 187 $33,705,000 $180,241
LAKELAND-WINTER HAVEN, FL 176 $33,360,000 $189,545
GREENVILLE-ANDERSON, SC 166 $33,140,000 $199,639
RICHMOND, VA 130 $32,340,000 $248,769
CLEVELAND-ELYRIA, OH 202 $31,690,000 $156,881
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 144 $31,090,000 $215,903
SANTA MARIA-SANTA BARBARA, CA 78 $30,740,000 $394,103
BRIDGEPORT-STAMFORD-NORWALK, CT 102 $29,270,000 $286,961
ALTOONA, PA 202 $27,290,000 $135,099
GREAT FALLS, MT 127 $25,355,000 $199,646
COLLEGE STATION-BRYAN, TX 96 $24,840,000 $258,750
BIRMINGHAM-HOOVER, AL 134 $24,140,000 $180,149
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 89 $23,555,000 $264,663
DAYTON-KETTERING, OH 33 $23,395,000 $708,939
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 123 $23,155,000 $188,252
BOULDER, CO 64 $23,020,000 $359,688
BREMERTON-SILVERDALE-PORT ORCHARD, WA 68 $22,710,000 $333,971
CAMDEN, NJ 111 $22,285,000 $200,766
SHEBOYGAN, WI 152 $22,110,000 $145,461
CINCINNATI, OH-KY-IN 115 $22,045,000 $191,696
HUNTSVILLE, AL 102 $21,660,000 $212,353
FORT WAYNE, IN 217 $21,025,000 $96,889
LAFAYETTE, LA 111 $20,935,000 $188,604
OCALA, FL 131 $20,885,000 $159,427
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 78 $20,270,000 $259,872
ST. GEORGE, UT 77 $20,195,000 $262,273
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 80 $19,920,000 $249,000
MADISON, WI 76 $19,580,000 $257,632
NEW HAVEN-MILFORD, CT 120 $19,080,000 $159,000
COLUMBIA, SC 90 $18,750,000 $208,333
COEUR D'ALENE, ID 71 $18,515,000 $260,775
CHATTANOOGA, TN-GA 86 $18,460,000 $214,651
KILLEEN-TEMPLE, TX 103 $18,145,000 $176,165
KALAMAZOO-PORTAGE, MI 127 $17,955,000 $141,378
LEXINGTON-FAYETTE, KY 101 $17,575,000 $174,010
BEAUMONT-PORT ARTHUR, TX 84 $17,240,000 $205,238
PORTLAND-SOUTH PORTLAND, ME 70 $17,160,000 $245,143
LAWRENCE, KS 74 $17,100,000 $231,081
HARRISBURG-CARLISLE, PA 94 $16,620,000 $176,809
EAU CLAIRE, WI 116 $16,350,000 $140,948
ALBANY-LEBANON, OR 68 $16,220,000 $238,529
URBAN HONOLULU, HI 34 $16,150,000 $475,000
PHILADELPHIA, PA 91 $16,125,000 $177,198
ERIE, PA 109 $15,135,000 $138,853
SANTA FE, NM 52 $14,920,000 $286,923
YAKIMA, WA 75 $14,615,000 $194,867
VISALIA, CA 59 $14,615,000 $247,712
ASHEVILLE, NC 58 $14,380,000 $247,931
KAHULUI-WAILUKU-LAHAINA, HI 29 $14,265,000 $491,897
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 44 $14,260,000 $324,091
EL PASO, TX 68 $13,970,000 $205,441
WORCESTER, MA-CT 72 $13,690,000 $190,139
PRESCOTT VALLEY-PRESCOTT, AZ 48 $13,480,000 $280,833
GAINESVILLE, GA 54 $12,920,000 $239,259
BELLINGHAM, WA 53 $12,725,000 $240,094
ST. CLOUD, MN 58 $12,590,000 $217,069
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 63 $12,465,000 $197,857
TOLEDO, OH 85 $11,725,000 $137,941
AKRON, OH 71 $11,695,000 $164,718
MADERA, CA 48 $11,600,000 $241,667
BUFFALO-CHEEKTOWAGA, NY 84 $11,480,000 $136,667
BATTLE CREEK, MI 93 $11,015,000 $118,441
MCALLEN-EDINBURG-MISSION, TX 52 $10,580,000 $203,462
FLAGSTAFF, AZ 32 $10,560,000 $330,000
DURHAM-CHAPEL HILL, NC 45 $10,495,000 $233,222
PUNTA GORDA, FL 49 $10,435,000 $212,959
MONROE, MI 67 $10,305,000 $153,806
CORVALLIS, OR 33 $9,935,000 $301,061
CALIFORNIA-LEXINGTON PARK, MD 30 $9,880,000 $329,333
SIOUX CITY, IA-NE-SD 68 $9,820,000 $144,412
LINCOLN, NE 47 $9,765,000 $207,766
YUBA CITY, CA 36 $9,630,000 $267,500
SPRINGFIELD, MA 42 $9,460,000 $225,238
SPARTANBURG, SC 54 $9,260,000 $171,481
APPLETON, WI 45 $9,215,000 $204,778
CAPE GIRARDEAU, MO-IL 54 $9,090,000 $168,333
PENSACOLA-FERRY PASS-BRENT, FL 42 $9,080,000 $216,190
MERCED, CA 43 $8,965,000 $208,488
MEDFORD, OR 33 $8,905,000 $269,848
LONGVIEW, WA 33 $8,785,000 $266,212
CHICO, CA 34 $8,720,000 $256,471
BARNSTABLE TOWN, MA 29 $8,495,000 $292,931
LANCASTER, PA 42 $8,330,000 $198,333
DULUTH, MN-WI 42 $8,290,000 $197,381
WILMINGTON, DE-MD-NJ 36 $8,230,000 $228,611
RACINE, WI 49 $8,205,000 $167,449
MOUNT VERNON-ANACORTES, WA 25 $8,185,000 $327,400
SALISBURY, MD-DE 33 $7,895,000 $239,242
MANCHESTER-NASHUA, NH 37 $7,635,000 $206,351
GARY, IN 44 $7,520,000 $170,909
SEBRING-AVON PARK, FL 44 $7,500,000 $170,455
KNOXVILLE, TN 36 $7,460,000 $207,222
TOPEKA, KS 50 $7,280,000 $145,600
GRAND JUNCTION, CO 25 $7,215,000 $288,600
MANHATTAN, KS 35 $7,215,000 $206,143
JACKSON, MS 39 $7,155,000 $183,462
MISSOULA, MT 27 $7,125,000 $263,889
CHAMPAIGN-URBANA, IL 47 $6,985,000 $148,617
JOHNSTOWN, PA 66 $6,970,000 $105,606
CANTON-MASSILLON, OH 43 $6,875,000 $159,884
EVANSVILLE, IN-KY 38 $6,630,000 $174,474
SEBASTIAN-VERO BEACH, FL 27 $6,495,000 $240,556
COLUMBIA, MO 37 $6,475,000 $175,000
WINCHESTER, VA-WV 26 $6,450,000 $248,077
AUBURN-OPELIKA, AL 26 $6,300,000 $242,308
STATE COLLEGE, PA 36 $6,230,000 $173,056
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 36 $6,140,000 $170,556
CARBONDALE-MARION, IL 47 $6,125,000 $130,319
JOPLIN, MO 36 $5,780,000 $160,556
SPRINGFIELD, MO 31 $5,745,000 $185,323
SAGINAW, MI 51 $5,585,000 $109,510
HAMMOND, LA 25 $5,565,000 $222,600
GREENSBORO-HIGH POINT, NC 31 $5,555,000 $179,194
SIOUX FALLS, SD 24 $5,540,000 $230,833
MUSKEGON, MI 45 $5,525,000 $122,778
LOGAN, UT-ID 26 $5,450,000 $209,615
JEFFERSON CITY, MO 35 $5,375,000 $153,571
TRENTON-PRINCETON, NJ 25 $5,345,000 $213,800
HOMOSASSA SPRINGS, FL 30 $5,260,000 $175,333
NILES, MI 39 $5,175,000 $132,692
VALDOSTA, GA 31 $5,145,000 $165,968
MONTGOMERY, AL 20 $4,970,000 $248,500
ROANOKE, VA 20 $4,920,000 $246,000
SOUTH BEND-MISHAWAKA, IN-MI 49 $4,905,000 $100,102
HILTON HEAD ISLAND-BLUFFTON, SC 21 $4,675,000 $222,619
TALLAHASSEE, FL 19 $4,635,000 $243,947
CARSON CITY, NV 15 $4,595,000 $306,333
ALBANY-SCHENECTADY-TROY, NY 27 $4,585,000 $169,815
RAPID CITY, SD 18 $4,410,000 $245,000
JANESVILLE-BELOIT, WI 28 $4,410,000 $157,500
PUEBLO, CO 21 $4,375,000 $208,333
HARRISONBURG, VA 18 $4,240,000 $235,556
ST. JOSEPH, MO-KS 24 $4,210,000 $175,417
MIDLAND, TX 14 $4,130,000 $295,000
PANAMA CITY, FL 15 $4,065,000 $271,000
BROWNSVILLE-HARLINGEN, TX 23 $4,065,000 $176,739
THE VILLAGES, FL 19 $4,035,000 $212,368
WACO, TX 18 $4,030,000 $223,889
YORK-HANOVER, PA 23 $3,965,000 $172,391
AMES, IA 23 $3,965,000 $172,391
DECATUR, AL 19 $3,925,000 $206,579
ROCHESTER, MN 18 $3,910,000 $217,222
FAYETTEVILLE, NC 21 $3,825,000 $182,143
COLUMBUS, GA-AL 21 $3,815,000 $181,667
SCRANTON--WILKES-BARRE, PA 29 $3,745,000 $129,138
CORPUS CHRISTI, TX 21 $3,695,000 $175,952
ROCKFORD, IL 29 $3,635,000 $125,345
DOVER, DE 13 $3,605,000 $277,308
WEIRTON-STEUBENVILLE, WV-OH 32 $3,530,000 $110,313
BAY CITY, MI 38 $3,490,000 $91,842
FARGO, ND-MN 18 $3,480,000 $193,333
CHARLOTTESVILLE, VA 15 $3,395,000 $226,333
OSHKOSH-NEENAH, WI 16 $3,360,000 $210,000
SIERRA VISTA-DOUGLAS, AZ 14 $3,360,000 $240,000
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 28 $3,340,000 $119,286
HOUMA-THIBODAUX, LA 21 $3,325,000 $158,333
HANFORD-CORCORAN, CA 17 $3,325,000 $195,588
READING, PA 24 $3,290,000 $137,083
GAINESVILLE, FL 16 $3,280,000 $205,000
HICKORY-LENOIR-MORGANTON, NC 13 $3,185,000 $245,000
GRANTS PASS, OR 13 $3,185,000 $245,000
WILMINGTON, NC 15 $3,175,000 $211,667
SHERMAN-DENISON, TX 13 $3,165,000 $243,462
GULFPORT-BILOXI, MS 18 $3,120,000 $173,333
OCEAN CITY, NJ 8 $3,120,000 $390,000
WENATCHEE, WA 14 $3,070,000 $219,286
ATLANTIC CITY-HAMMONTON, NJ 15 $2,985,000 $199,000
WINSTON-SALEM, NC 22 $2,930,000 $133,182
EL CENTRO, CA 13 $2,875,000 $221,154
PARKERSBURG-VIENNA, WV 21 $2,865,000 $136,429
ATHENS-CLARKE COUNTY, GA 11 $2,855,000 $259,545
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 19 $2,825,000 $148,684
WALLA WALLA, WA 12 $2,800,000 $233,333
SHREVEPORT-BOSSIER CITY, LA 15 $2,795,000 $186,333
TWIN FALLS, ID 13 $2,655,000 $204,231
HAGERSTOWN-MARTINSBURG, MD-WV 18 $2,590,000 $143,889
TULSA, OK 14 $2,580,000 $184,286
DAPHNE-FAIRHOPE-FOLEY, AL 15 $2,575,000 $171,667
CHEYENNE, WY 9 $2,545,000 $282,778
BLOOMINGTON, IN 15 $2,485,000 $165,667
MIDLAND, MI 19 $2,465,000 $129,737
ALEXANDRIA, LA 14 $2,450,000 $175,000
WARNER ROBINS, GA 16 $2,450,000 $153,125
LAKE CHARLES, LA 12 $2,410,000 $200,833
GRAND FORKS, ND-MN 9 $2,375,000 $263,889
BURLINGTON-SOUTH BURLINGTON, VT 7 $2,355,000 $336,429
WICHITA FALLS, TX 17 $2,205,000 $129,706
CEDAR RAPIDS, IA 12 $2,190,000 $182,500
LUBBOCK, TX 11 $2,155,000 $195,909
DALTON, GA 14 $2,130,000 $152,143
HATTIESBURG, MS 12 $2,060,000 $171,667
GREENVILLE, NC 10 $1,980,000 $198,000
BRUNSWICK, GA 6 $1,970,000 $328,333
VICTORIA, TX 6 $1,930,000 $321,667
STAUNTON, VA 11 $1,885,000 $171,364
LAFAYETTE-WEST LAFAYETTE, IN 11 $1,865,000 $169,545
LYNCHBURG, VA 12 $1,850,000 $154,167
LAWTON, OK 15 $1,835,000 $122,333
LA CROSSE-ONALASKA, WI-MN 9 $1,795,000 $199,444
LEBANON, PA 10 $1,790,000 $179,000
MORGANTOWN, WV 14 $1,780,000 $127,143
TUSCALOOSA, AL 11 $1,725,000 $156,818
CLEVELAND, TN 11 $1,695,000 $154,091
CASPER, WY 6 $1,690,000 $281,667
NORWICH-NEW LONDON, CT 10 $1,680,000 $168,000
YUMA, AZ 6 $1,650,000 $275,000
LAS CRUCES, NM 9 $1,635,000 $181,667
DUBUQUE, IA 9 $1,635,000 $181,667
AMARILLO, TX 7 $1,615,000 $230,714
SPRINGFIELD, IL 8 $1,550,000 $193,750
MICHIGAN CITY-LA PORTE, IN 17 $1,525,000 $89,706
JACKSONVILLE, NC 6 $1,510,000 $251,667
WHEELING, WV-OH 15 $1,495,000 $99,667
FOND DU LAC, WI 10 $1,490,000 $149,000
LEWISTON-AUBURN, ME 10 $1,480,000 $148,000
FLORENCE, SC 9 $1,435,000 $159,444
LONGVIEW, TX 9 $1,425,000 $158,333
HINESVILLE, GA 7 $1,415,000 $202,143
TYLER, TX 8 $1,410,000 $176,250
CHAMBERSBURG-WAYNESBORO, PA 9 $1,375,000 $152,778
POCATELLO, ID 7 $1,365,000 $195,000
ODESSA, TX 6 $1,360,000 $226,667
MORRISTOWN, TN 6 $1,360,000 $226,667
BLOOMINGTON, IL 6 $1,340,000 $223,333
ROME, GA 5 $1,315,000 $263,000
MANKATO, MN 7 $1,285,000 $183,571
LEWISTON, ID-WA 6 $1,240,000 $206,667
EAST STROUDSBURG, PA 10 $1,240,000 $124,000
WAUSAU-WESTON, WI 9 $1,225,000 $136,111
ELKHART-GOSHEN, IN 10 $1,170,000 $117,000
GETTYSBURG, PA 4 $1,150,000 $287,500
ABILENE, TX 8 $1,140,000 $142,500
KINGSTON, NY 6 $1,120,000 $186,667
MACON-BIBB COUNTY, GA 7 $1,115,000 $159,286
HOT SPRINGS, AR 5 $1,095,000 $219,000
MOBILE, AL 6 $1,020,000 $170,000
NEW BERN, NC 5 $1,015,000 $203,000
FAIRBANKS, AK 3 $1,005,000 $335,000
SPRINGFIELD, OH 9 $985,000 $109,444
BURLINGTON, NC 5 $975,000 $195,000
ROCHESTER, NY 10 $960,000 $96,000
KANKAKEE, IL 5 $945,000 $189,000
MUNCIE, IN 10 $920,000 $92,000
JOHNSON CITY, TN 6 $900,000 $150,000
MANSFIELD, OH 7 $865,000 $123,571
BLACKSBURG-CHRISTIANSBURG, VA 4 $840,000 $210,000
HUNTINGTON-ASHLAND, WV-KY-OH 6 $840,000 $140,000
GADSDEN, AL 5 $825,000 $165,000
ROCKY MOUNT, NC 5 $815,000 $163,000
BECKLEY, WV 8 $810,000 $101,250
SYRACUSE, NY 3 $795,000 $265,000
BOWLING GREEN, KY 4 $760,000 $190,000
JACKSON, TN 3 $755,000 $251,667
TERRE HAUTE, IN 3 $755,000 $251,667
ELIZABETHTOWN-FORT KNOX, KY 4 $740,000 $185,000
GLENS FALLS, NY 3 $705,000 $235,000
KOKOMO, IN 5 $685,000 $137,000
CUMBERLAND, MD-WV 6 $640,000 $106,667
VINELAND-BRIDGETON, NJ 4 $620,000 $155,000
DOTHAN, AL 3 $615,000 $205,000
COLUMBUS, IN 4 $600,000 $150,000
FORT SMITH, AR-OK 3 $575,000 $191,667
WATERLOO-CEDAR FALLS, IA 5 $555,000 $111,000
PEORIA, IL 3 $535,000 $178,333
WATERTOWN-FORT DRUM, NY 4 $520,000 $130,000
FARMINGTON, NM 2 $470,000 $235,000
PITTSFIELD, MA 1 $445,000 $445,000
CHARLESTON, WV 4 $430,000 $107,500
DANVILLE, IL 3 $375,000 $125,000
BANGOR, ME 2 $370,000 $185,000
ENID, OK 2 $370,000 $185,000
WILLIAMSPORT, PA 2 $360,000 $180,000
ELMIRA, NY 1 $355,000 $355,000
BINGHAMTON, NY 2 $300,000 $150,000
DECATUR, IL 2 $300,000 $150,000
SUMTER, SC 2 $290,000 $145,000
BLOOMSBURG-BERWICK, PA 2 $260,000 $130,000
IOWA CITY, IA 2 $250,000 $125,000
FLORENCE-MUSCLE SHOALS, AL 2 $250,000 $125,000
MONROE, LA 3 $235,000 $78,333
LIMA, OH 3 $225,000 $75,000
KINGSPORT-BRISTOL, TN-VA 2 $220,000 $110,000
SAN ANGELO, TX 1 $215,000 $215,000
ITHACA, NY 1 $175,000 $175,000
ANNISTON-OXFORD, AL 2 $160,000 $80,000
OWENSBORO, KY 1 $135,000 $135,000
UTICA-ROME, NY 1 $95,000 $95,000
GRAND ISLAND, NE 1 $85,000 $85,000

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% 12 $3,130,000 $260,833
2.5-3% 816 $226,350,000 $277,390
3-4% 39,707 $11,548,705,000 $290,848
4-5% 34,145 $9,395,545,000 $275,166
5-6% 6,410 $1,436,170,000 $224,051
6-7% 1,511 $126,505,000 $83,723
7-8% 303 $21,745,000 $71,766

Loan Sizing

Loan Size Originations Total Value Average Loan
$100,000 or less 10,238 $606,730,000 $59,263
$100k-200k 22,008 $3,349,260,000 $152,184
$200k-400k 35,149 $10,003,585,000 $284,605
$400k-600k 11,396 $5,363,890,000 $470,682
$600k-1000k 3,597 $2,591,895,000 $720,571
$Over $1MM 614 $843,710,000 $1,374,121

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% 4,288 $843,220,000 $196,646
40-60% 8,277 $2,508,145,000 $303,026
60-80% 25,164 $8,012,410,000 $318,408
80-100% 38,951 $10,649,075,000 $273,397
Over 100% 1,552 $454,240,000 $292,680
Under 20% 4,757 $289,585,000 $60,876

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 17,789 $5,334,875,000 $299,897
$150k-250k 11,812 $4,440,200,000 $375,906
$50k-75k 18,125 $3,605,455,000 $198,922
$50k-or less 11,592 $1,578,250,000 $136,150
$75k-100k 14,532 $3,670,710,000 $252,595
$Over $250k 5,096 $2,752,020,000 $540,035

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan
White 62,025 $16,535,685,000 $266,597
Not provided 9,310 $2,586,170,000 $277,784
Asian 6,849 $2,429,485,000 $354,721
Black 4,068 $964,660,000 $237,134
American Indian 404 $107,540,000 $266,188
Native Hawaiian 210 $68,180,000 $324,667
Not applicable 10 $27,120,000 $2,712,000
Asian Indian 55 $17,655,000 $321,000
Other Asian 17 $5,015,000 $295,000
Chinese 11 $4,845,000 $440,455
Vietnamese 11 $3,265,000 $296,818
Filipino 8 $2,980,000 $372,500
Japanese 4 $1,780,000 $445,000
Other Pacific Islander 9 $1,745,000 $193,889
Korean 5 $1,465,000 $293,000
Guamanian 4 $800,000 $200,000
Native Hawiian 2 $680,000 $340,000

Approval Rates

Total approvals of all applications
85.67%

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
87.53%

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 83,002 $22,759,070,000 $274,199

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 28,546 $7,392,330,000 $258,962
$1k-2k 28,752 $8,628,930,000 $300,116
$2k-3k 8,034 $2,114,130,000 $263,148
$3k-4k 6,877 $2,145,885,000 $312,038
$5k+ 4,134 $1,867,330,000 $451,701

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
Multifamily:Site-Built 7 $24,515,000 $3,502,143
Single Family (1-4 Units):Manufactured 186 $35,950,000 $193,280
Single Family (1-4 Units):Site-Built 82,809 $22,698,605,000 $274,108