We analyzed every closed loan from Armed Forces Bank — 1.0k loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
National · 16 mkts
Awards
VA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Offers rates 19.90 basis points below market average
- Lower than average lender fees
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
Armed Forces Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 19.9 bps below market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Sound
Top 60% of lenders
VA
Exceptional
Top 20% of lenders
Jumbo
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
National · 17 markets
Sound
Top 60% of lenders
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 271 | 25.9% | +0.305%Above | $1,685Fees | ||||
FHA Loans | 58 | 5.6% | +0.510%Above | $2,370Fees | ||||
VA Loans | 693 | 66.3% | -0.497%Below | $1,057Fees | ||||
Jumbo Loans | — | 17 | 1.6% | +0.211%Above | $1,113Fees |
Conventional
OverallSound
ProductSound
PricingSound
Pull ThroughSound
Volume271
Mix25.9%
Spread
+0.305%Above
Fees
$1,685Fees
FHA Loans
OverallSound
ProductSound
PricingSound
Pull ThroughSound
Volume58
Mix5.6%
Spread
+0.510%Above
Fees
$2,370Fees
VA Loans
OverallStrong
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume693
Mix66.3%
Spread
-0.497%Below
Fees
$1,057Fees
Jumbo Loans
OverallAcceptable
ProductSound
Pricing—
Pull ThroughMediocre
Volume17
Mix1.6%
Spread
+0.211%Above
Fees
$1,113Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 910 | 87.1% | -0.135%Below | $1,236Fees | ||||
Refinance | 135 | 12.9% | -0.418%Below | $1,568Fees |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume910
Mix87.1%
Spread
-0.135%Below
Fees
$1,236Fees
Refinance
OverallSound
ProductSound
PricingStrong
Pull ThroughAcceptable
Volume135
Mix12.9%
Spread
-0.418%Below
Fees
$1,568Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,045
Applications
1,711
Volume
$462 million
Pricing & Closing
Avg Rate Spread
-0.199%
vs. market APOR
Avg Net Fees
$1,311
Origination − Credits
Pullthrough Rate
61.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$442,742
Avg Borrower Income
$160,699
Avg Property Value
$512,847
Geographic Coverage
Geographic Performance
Metro Areas
16
markets with activity
States Served
50
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
50Northeast9
CTMEMANHNJNYPARIVT
Midwest11
IAILINKSMIMNMONDNEOHWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Volume 32Mix 3.06% of portfolio
65/100
Strong
Volume 76Mix 7.27% of portfolio
65/100
Strong
Volume 76Mix 7.27% of portfolio
62/100
Strong
Volume 44Mix 4.21% of portfolio
54/100
Sound
Volume 27Mix 2.58% of portfolio
51/100
Sound
Volume 19Mix 1.82% of portfolio
50/100
Sound
Volume 22Mix 2.11% of portfolio
49/100
Sound
Volume 19Mix 1.82% of portfolio
46/100
Sound
Volume 15Mix 1.44% of portfolio
45/100
Sound
Volume 14Mix 1.34% of portfolio
45/100
SoundShowing 10 of 16 metro areas
Top States by Place Specialization Score
1
KansasState
Volume 81Mix 7.75% of portfolio
67/100
Strong2
VirginiaState
Volume 106Mix 10.14% of portfolio
64/100
Strong3
MissouriState
Volume 92Mix 8.80% of portfolio
61/100
Strong4
TexasState
Volume 90Mix 8.61% of portfolio
56/100
Sound5
ArizonaState
Volume 52Mix 4.98% of portfolio
55/100
Sound6
AlabamaState
Volume 34Mix 3.25% of portfolio
53/100
Sound7
WashingtonState
Volume 32Mix 3.06% of portfolio
51/100
Sound8
MarylandState
Volume 33Mix 3.16% of portfolio
51/100
Sound9
GeorgiaState
Volume 38Mix 3.64% of portfolio
50/100
Sound10
FloridaState
Volume 57Mix 5.45% of portfolio
50/100
SoundShowing 10 of 29 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 30 Points)
10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.