# FOUNDATION MORTGAGE CORPORATION

> **Canonical URL:** https://saferate.com/lenders/foundation-mortgage


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


FOUNDATION MORTGAGE CORPORATION is a independent mortgage company, headquartered in MIAMI BEACH, FL, serving borrowers across 23 states, with 399 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 97% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 63% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300ZCR1XCLNEEI724
- **Headquarters:** MIAMI BEACH, FL
- **Geographic Reach:** Multi-Region
- **States Served:** 23
- **State List:** AL, AZ, CA, CO, FL, GA, ID, IL, IN, MD, MI, NC, NJ, NV, OH, OR, PA, SC, TN, TX, UT, VA, WA
- **Markets (MSAs):** 9
- **Primary Channel:** wholesale
- **Direct Origination:** 2.1%
- **Brokered/Wholesale:** 97.9%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 3/100
- Rating: ●○○○○ (1/5)

### Pull Through: Acceptable 🙂
- Score: 37/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +1.264%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $5,634
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 399
- **Dollar Volume:** $317 million
- **Applications Received:** 764
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $794,148
- **Average Borrower Income:** $649,997
- **Average Property Value:** $1,326,504

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 43/100 | 293 | +1.230% | $5,968 | Sound ☺️ |
| Jumbo | 77/100 | 106 | +1.423% | $4,088 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 188 loans, Score: 41/100 (Sound)
- Refinance: 105 loans, Score: 53/100 (Sound)

**Jumbo:**
- Purchase: 61 loans, Score: 74/100 (Strong)
- Refinance: 45 loans, Score: 82/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 43/100 | 249 | $186M | +1.262% | Sound ☺️ |
| Refinance | 56/100 | 150 | $131M | +1.269% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CA | 199 | 0.07% | 67/100 |
| FL | 62 | 0.02% | 54/100 |
| TX | 37 | 0.01% | 49/100 |
| AZ | 15 | 0.02% | 44/100 |
| OH | 13 | 0.01% | 41/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Los Angeles | CA | 82 | 67/100 |
| San Diego | CA | 33 | 56/100 |
| Riverside | CA | 26 | 52/100 |
| Anaheim | CA | 25 | 55/100 |
| Miami | FL | 20 | 50/100 |
| Dallas | TX | 15 | 44/100 |
| Non |  | 15 | 26/100 |
| Columbus, OH | OH | 11 | 42/100 |
| Phoenix | AZ | 10 | 40/100 |

## Frequently Asked Questions

### What loan types does FOUNDATION MORTGAGE CORPORATION offer?

FOUNDATION MORTGAGE CORPORATION offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does FOUNDATION MORTGAGE CORPORATION offer mortgages?

FOUNDATION MORTGAGE CORPORATION offers mortgages in 23 states: AL, AZ, CA, CO, FL, GA, ID, IL, IN, MD, MI, NC, NJ, NV, OH, OR, PA, SC, TN, TX, UT, VA, WA.

### How competitive are FOUNDATION MORTGAGE CORPORATION's mortgage rates?

FOUNDATION MORTGAGE CORPORATION has a pricing score of 3/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 1.264% above market average.

### What type of lender is FOUNDATION MORTGAGE CORPORATION?

FOUNDATION MORTGAGE CORPORATION is a non-depository lender that specializes in mortgage origination, headquartered in MIAMI BEACH, FL.

### What is FOUNDATION MORTGAGE CORPORATION's loan approval success rate?

FOUNDATION MORTGAGE CORPORATION has a pull-through score of 37/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/foundation-mortgage

### How to Cite

> "FOUNDATION MORTGAGE CORPORATION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/foundation-mortgage

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