F
First Home Mortgage Corporation
Independent Mortgage Company•LUTHERVILLE-TIMONIUM, MD•Direct to Consumer
We analyzed every closed loan from First Home Mortgage — 5.4k loans across 7k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Mediocre
vs. all lenders
Pull Through
Exceptional
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
Multi-Region · 22 mkts
Safe Rate Awards⭐VA Superstar⭐USDA Superstar
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Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($4,432)
Explore another lender or local market
Report Card
First Home Mortgage Corporation performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Below peers +38.1 bps above market avg | |
Pull Through Closing strength | Market Leader Top 20% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Highly Competitive Top 40% of lenders | |
USDA | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 20% of lenders | |
Refinance | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Multi-Regional23 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 3,667 | 68.4% | +0.354%Above | $4,522Fees | ||||
FHA Loans | 978 | 18.2% | +0.807%Above | $4,662Fees | ||||
VA Loans | 605 | 11.3% | -0.188%Below | $3,246Fees | ||||
Jumbo Loans | 36 | 0.7% | +0.423%Above | $2,838Fees | ||||
USDA Loans | 76 | 1.4% | +0.212%Above | $3,942Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 5,086 | 94.9% | +0.383%Above | $4,417Fees | ||||
Refinance | 276 | 5.1% | +0.358%Above | $4,681Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
5,362
Applications
6,833
Volume
$2 billion
Pricing & Closing
Avg Rate Spread
+0.381%
vs. market APOR
Avg Net Fees
$4,432
Origination − Credits
Pullthrough Rate
78.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$408,870
Avg Borrower Income
$154,639
Avg Property Value
$497,475
Geographic Coverage
Geographic Performance
Metro Areas
22
States Served
16
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
CTDCDEFLGAMAMDNCNHNJPARISCTNVAWV
Top Metro Areas by Place Specialization Score
1
Baltimore, MDMSA
Volume: 1,754Mix: 32.71%of portfolio
Place
Exceptional2
Washington, DC, DC-MDMSA
Volume: 753Mix: 14.04%of portfolio
Place
Exceptional3
Lexington Park, MD, MDMSA
Volume: 489Mix: 9.12%of portfolio
Place
Exceptional4
Frederick, MDMSA
Volume: 483Mix: 9.01%of portfolio
Place
Exceptional5
Salisbury, MD, MDMSA
Volume: 59Mix: 1.10%of portfolio
Place
Exceptional6
Arlington, VA-WVMSA
Volume: 297Mix: 5.54%of portfolio
Place
Strong7
Raleigh, NCMSA
Volume: 223Mix: 4.16%of portfolio
Place
Strong8
Hagerstown, MD-WVMSA
Volume: 105Mix: 1.96%of portfolio
Place
Strong9
Charleston, SCMSA
Volume: 100Mix: 1.86%of portfolio
Place
Strong10
Providence, RI-MAMSA
Volume: 109Mix: 2.03%of portfolio
Place
StrongShowing 10 of 22 metro areas
Top States by Place Specialization Score
1
MDState
Volume: 3,477Mix: 64.85%of portfolio
Place
Exceptional2
DCState
Volume: 322Mix: 6.01%of portfolio
Place
Exceptional3
VAState
Volume: 458Mix: 8.54%of portfolio
Place
Strong4
NCState
Volume: 405Mix: 7.55%of portfolio
Place
Strong5
MAState
Volume: 183Mix: 3.41%of portfolio
Place
Strong6
SCState
Volume: 126Mix: 2.35%of portfolio
Place
Strong7
RIState
Volume: 58Mix: 1.08%of portfolio
Place
Strong8
PAState
Volume: 144Mix: 2.69%of portfolio
Place
Strong9
DEState
Volume: 48Mix: 0.90%of portfolio
Place
Sound10
WVState
Volume: 36Mix: 0.67%of portfolio
Place
SoundShowing 10 of 13 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
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.