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FM Home Loans, LLC
Independent Mortgage Company|Teaneck, NJ|Multi-Region
Loans Originated
978
Applications
1,508
Volume
$669 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Pricing and Pullthrough Overview
Average Rate Spread
+0.350%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,601
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
64.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and Jumbo loans
Things to Think About
- Pricing may be below industry average
Report Card
FM Home Loans, LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Multi-Regional · 10 metro areas · 19 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$684,172
Average Borrower Income
$529,556
Average Property Value
$1,048,057
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 819 | 83.7% | +0.308% | $2,569 |
FHA Loans | Sound | Sound | Acceptable | Sound | 44 | 4.5% | +0.590% | $3,121 |
Jumbo Loans | Sound | Strong | Mediocre | Strong | 113 | 11.6% | +0.757% | $2,697 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Sound | 810 | 82.8% | +0.326% | $2,545 |
Refinance | Acceptable | Strong | Mediocre | Sound | 168 | 17.2% | +0.492% | $2,932 |
Geographic Coverage
Metro Areas
9
States Served
19
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
New York, NY-NJMSA
Volume: 384Mix: 39.26%
Place Specialization
Exceptional
2
Lakewood, NJMSA
Volume: 229Mix: 23.42%
Place Specialization
Exceptional
3
Nassau County, NYMSA
Volume: 116Mix: 11.86%
Place Specialization
Strong
4
Kiryas Joel, NYMSA
Volume: 55Mix: 5.62%
Place Specialization
Strong
5
Fort Lauderdale, FLMSA
Volume: 36Mix: 3.68%
Place Specialization
Sound
6
West Palm Beach, FLMSA
Volume: 22Mix: 2.25%
Place Specialization
Sound
7
Miami, FLMSA
Volume: 24Mix: 2.45%
Place Specialization
Sound
8
Bridgeport, CTMSA
Volume: 15Mix: 1.53%
Place Specialization
Sound
9
Newark, NJ, NJMSA
Volume: 16Mix: 1.64%
Place Specialization
Sound
Top States by Place Specialization Score
1
NYState
Volume: 536Mix: 54.81%
Place Specialization
Exceptional
2
NJState
Volume: 288Mix: 29.45%
Place Specialization
Strong
3
FLState
Volume: 94Mix: 9.61%
Place Specialization
Sound
4
CTState
Volume: 24Mix: 2.45%
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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