What loan types does Canopy Mortgage offer?

Canopy Mortgage offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, usda. Each product has its own pricing score and performance metrics.

Where does Canopy Mortgage offer mortgages?

Canopy Mortgage is a national lender offering mortgages in all 50 states plus Washington D.C.

How competitive are Canopy Mortgage's mortgage rates?

Canopy Mortgage has an overall pricing score of 21/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Canopy Mortgage?

Canopy Mortgage is a Independent Mortgage Company headquartered in LEHI, UT.

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Canopy Mortgage

Independent Mortgage Company•Lehi, UTHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Canopy Mortgage — 5.9k loans across 9k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo · USDA

Place

Strong

4/5

National · 49 mkts

Awards

FHA

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in Conventional and FHA and VA and USDA loans
Nationwide availability with consistent service

Things to Think About

Pricing may be below industry average
Higher than average fees ($4,270)

Explore another lender or local market

Report Card

Canopy Mortgage performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+32.5 bps above market avg

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 20% of lenders

FHA

Exceptional

Top 20% of lenders

Exceptional

Top 20% of lenders

Jumbo

Sound

Top 60% of lenders

USDA

Exceptional

Top 20% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 20% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

National · 50 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Exceptional	Acceptable	Sound	3,131	52.7%	+0.297%Above	$3,977Fees
FHA Loans	Sound	Exceptional	Acceptable	Strong	1,823	30.7%	+0.597%Above	$4,667Fees
VA Loans	Sound	Exceptional	Mediocre	Strong	844	14.2%	-0.227%Below	$4,966Fees
Jumbo Loans	Acceptable	Sound	Sound	Mediocre	45	0.8%	+0.306%Above	$2,282Fees
USDA Loans	Sound	Exceptional	Acceptable	Strong	98	1.6%	+0.300%Above	$3,380Fees

Conventional

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Sound

Volume3,131

Mix52.7%

Spread

+0.297%Above

Fees

$3,977Fees

FHA Loans

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume1,823

Mix30.7%

Spread

+0.597%Above

Fees

$4,667Fees

VA Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Strong

Volume844

Mix14.2%

Spread

-0.227%Below

Fees

$4,966Fees

Jumbo Loans

Overall

Acceptable

Product

Sound

Pricing

Sound

Pull Through

Mediocre

Volume45

Mix0.8%

Spread

+0.306%Above

Fees

$2,282Fees

USDA Loans

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume98

Mix1.6%

Spread

+0.300%Above

Fees

$3,380Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Exceptional	Acceptable	Strong	5,423	91.3%	+0.334%Above	$4,374Fees
Refinance	Sound	Strong	Acceptable	Sound	518	8.7%	+0.244%Above	$3,383Fees

Purchase

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume5,423

Mix91.3%

Spread

+0.334%Above

Fees

$4,374Fees

Refinance

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Sound

Volume518

Mix8.7%

Spread

+0.244%Above

Fees

$3,383Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

5,941

Applications

9,351

Volume

$2 billion

Pricing & Closing

Avg Rate Spread

+0.325%

vs. market APOR

Avg Net Fees

$4,270

Origination − Credits

Pullthrough Rate

63.5%

Applications → Closed

Typical Borrower

Avg Loan Amount

$359,999

Avg Borrower Income

$132,365

Avg Property Value

$439,055

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

Northeast6

CTMEMANHNJPA

Midwest10

IAILINKSMIMNMONDOHSD

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West13

AKAZCACOHIIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© 归零者 · CC BY-SA 4.0

Columbus, GA, GA-ALMetro

Volume 312Mix 5.25% of portfolio

100/100

Exceptional

2© Unknown authorUnknown author · Public domain

Auburn, ALMetro

Volume 160Mix 2.69% of portfolio

92/100

Exceptional

3© Unknown authorUnknown author · Public domain

Huntsville, ALMetro

Volume 272Mix 4.58% of portfolio

87/100

Exceptional

4© Ethan from Scottsdale · CC BY 2.0

Spokane, WAMetro

Volume 206Mix 3.47% of portfolio

87/100

Exceptional

Idaho Falls, IDMetro

Volume 134Mix 2.26% of portfolio

85/100

Exceptional

Beaumont, TXMetro

Volume 106Mix 1.78% of portfolio

84/100

Exceptional

Atlanta, GAMetro

Volume 471Mix 7.93% of portfolio

80/100

Strong

Birmingham, ALMetro

Volume 164Mix 2.76% of portfolio

79/100

Strong

Marietta, GAMetro

Volume 211Mix 3.55% of portfolio

79/100

Strong

Tacoma, WAMetro

Volume 131Mix 2.21% of portfolio

78/100

Strong

Showing 10 of 49 metro areas

Top States by Place Specialization Score

AlabamaState

Volume 894Mix 15.05% of portfolio

90/100

Exceptional

GeorgiaState

Volume 1,308Mix 22.02% of portfolio

86/100

Exceptional

WashingtonState

Volume 647Mix 10.89% of portfolio

82/100

Exceptional

UtahState

Volume 418Mix 7.04% of portfolio

76/100

Strong

NevadaState

Volume 211Mix 3.55% of portfolio

73/100

Strong

IdahoState

Volume 273Mix 4.60% of portfolio

72/100

Strong

TexasState

Volume 512Mix 8.62% of portfolio

70/100

Strong

OregonState

Volume 188Mix 3.16% of portfolio

70/100

Strong

FloridaState

Volume 355Mix 5.98% of portfolio

65/100

Strong

TennesseeState

Volume 176Mix 2.96% of portfolio

65/100

Strong

Showing 10 of 26 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.