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First Option Mortgage, LLC
Independent Mortgage Company|Atlanta, GA|Near-National
Loans Originated
1,724
Applications
2,440
Volume
$556 million
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.798%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,525
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
70.7%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 80 basis points above market average
- Higher than average fees ($4,525)
Report Card
First Option Mortgage, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Near-National · 18 metro areas · 25 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$322,836
Average Borrower Income
$132,682
Average Property Value
$378,422
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Strong | Mediocre | Sound | 1,104 | 64.0% | +0.759% | $4,520 |
FHA Loans | Sound | Strong | Mediocre | Strong | 558 | 32.4% | +0.899% | $4,519 |
VA Loans | Sound | Strong | N/A | Sound | 41 | 2.4% | +0.052% | $5,501 |
Jumbo Loans | Strong | Strong | N/A | N/A | 12 | 0.7% | +0.038% | $4,080 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Mediocre | Strong | 1,610 | 93.4% | +0.800% | $4,497 |
Refinance | Acceptable | Sound | Mediocre | Sound | 114 | 6.6% | +0.767% | $4,988 |
Geographic Coverage
Metro Areas
17
States Served
25
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Atlanta, GAMSA
Volume: 766Mix: 44.43%
Place Specialization
Exceptional
2
Laredo, TX, TXMSA
Volume: 60Mix: 3.48%
Place Specialization
Exceptional
3
Marietta, GA, GAMSA
Volume: 146Mix: 8.47%
Place Specialization
Strong
4
Gainesville, GA, GAMSA
Volume: 47Mix: 2.73%
Place Specialization
Strong
5
Indianapolis, INMSA
Volume: 131Mix: 7.60%
Place Specialization
Strong
6
Las Vegas, NVMSA
Volume: 54Mix: 3.13%
Place Specialization
Sound
7
Athens, GAMSA
Volume: 23Mix: 1.33%
Place Specialization
Sound
8
Dallas, TXMSA
Volume: 57Mix: 3.31%
Place Specialization
Sound
9
Baton Rouge, LA, LAMSA
Volume: 32Mix: 1.86%
Place Specialization
Sound
10
Lafayette, INMSA
Volume: 19Mix: 1.10%
Place Specialization
Sound
Showing 10 of 17 metro areas
Top States by Place Specialization Score
1
GAState
Volume: 1,045Mix: 60.61%
Place Specialization
Exceptional
2
INState
Volume: 180Mix: 10.44%
Place Specialization
Strong
3
TXState
Volume: 188Mix: 10.90%
Place Specialization
Strong
4
NVState
Volume: 56Mix: 3.25%
Place Specialization
Sound
5
FLState
Volume: 106Mix: 6.15%
Place Specialization
Sound
6
LAState
Volume: 45Mix: 2.61%
Place Specialization
Sound
7
MDState
Volume: 35Mix: 2.03%
Place Specialization
Sound
8
SCState
Volume: 16Mix: 0.93%
Place Specialization
Sound
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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