# OPEN MORTGAGE, LLC

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


OPEN MORTGAGE, LLC is a independent mortgage company, headquartered in AUSTIN, TX, serving borrowers across 36 states, with 694 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 86% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 66% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300CR5XDK0TP7I727
- **Headquarters:** AUSTIN, TX
- **Geographic Reach:** Near-National
- **States Served:** 36
- **State List:** AL, AR, AZ, CA, CO, FL, GA, IL, IN, KS, KY, LA, MD, ME, MI, MN, MO, MS, NC, ND, NE, NJ, NM, NV, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WY
- **Markets (MSAs):** 14
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 14/100
- Rating: ●○○○○ (1/5)

### Pull Through: Acceptable 🙂
- Score: 34/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.851%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,186
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 694
- **Dollar Volume:** $305 million
- **Applications Received:** 1,827
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $440,144
- **Average Borrower Income:** $148,862
- **Average Property Value:** $511,210

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 47/100 | 208 | +0.621% | $4,291 | Sound ☺️ |
| FHA | 74/100 | 431 | +1.019% | $4,226 | Strong 😀 |
| VA | 44/100 | 32 | -0.107% | $3,481 | Sound ☺️ |
| USDA | 49/100 | 15 | +0.851% | $2,443 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 154 loans, Score: 38/100 (Acceptable)
- Refinance: 54 loans, Score: 45/100 (Sound)

**FHA:**
- Purchase: 400 loans, Score: 74/100 (Strong)
- Refinance: 31 loans, Score: 71/100 (Strong)

**VA:**
- Purchase: 31 loans, Score: 43/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 57/100 | 605 | $266M | +0.901% | Sound ☺️ |
| Refinance | 48/100 | 89 | $39M | +0.430% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CA | 300 | 0.11% | 70/100 |
| TX | 107 | 0.03% | 59/100 |
| FL | 63 | 0.02% | 53/100 |
| MO | 22 | 0.03% | 46/100 |
| GA | 21 | 0.02% | 45/100 |
| KS | 17 | 0.06% | 47/100 |
| NC | 17 | 0.01% | 42/100 |
| MD | 16 | 0.02% | 43/100 |
| VA | 15 | 0.01% | 42/100 |
| OK | 13 | 0.03% | 42/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Los Angeles | CA | 124 | 70/100 |
| Riverside | CA | 118 | 69/100 |
| Non |  | 40 | 38/100 |
| San Antonio | TX | 22 | 49/100 |
| Houston | TX | 19 | 45/100 |
| Beaumont | TX | 17 | 52/100 |
| Dallas | TX | 17 | 44/100 |
| Kansas City, MO | MO-KS | 17 | 46/100 |
| Tampa, FL | FL | 16 | 45/100 |
| Anaheim | CA | 13 | 44/100 |
| Fort Worth | TX | 13 | 43/100 |
| Arlington | VA-WV | 12 | 42/100 |
| Charlotte | NC-SC | 11 | 40/100 |
| Atlanta | GA | 10 | 38/100 |

## Frequently Asked Questions

### What loan types does OPEN MORTGAGE, LLC offer?

OPEN MORTGAGE, LLC offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does OPEN MORTGAGE, LLC offer mortgages?

OPEN MORTGAGE, LLC offers mortgages in 36 states: AL, AR, AZ, CA, CO, FL, GA, IL, IN, KS, KY, LA, MD, ME, MI, MN, MO, MS, NC, ND, NE, NJ, NM, NV, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WY.

### How competitive are OPEN MORTGAGE, LLC's mortgage rates?

OPEN MORTGAGE, LLC has a pricing score of 14/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.851% above market average.

### What type of lender is OPEN MORTGAGE, LLC?

OPEN MORTGAGE, LLC is a non-depository lender that specializes in mortgage origination, headquartered in AUSTIN, TX.

### What is OPEN MORTGAGE, LLC's loan approval success rate?

OPEN MORTGAGE, LLC has a pull-through score of 34/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## 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/open-mortgage

### How to Cite

> "OPEN MORTGAGE, LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/open-mortgage

---

**[View Interactive Profile →](https://saferate.com/lenders/open-mortgage)**