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FM Home Loans

Independent Mortgage Company•Teaneck, NJHQ•Direct•Reviews near you on Google

We analyzed every closed loan from FM Home Loans — 978 loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · Jumbo
Place
Strong
4/5
Multi-Region · 9 mkts

Safe Rate Summary

What They Do Well

  • Particularly strong in Conventional and Jumbo loans

Things to Think About

  • Pricing may be below industry average

Explore another lender or local market

Report Card

FM Home Loans performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+35.0 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Sound
Top 60% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 10 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Sound
Volume819
Mix83.7%
Spread
+0.308%Above
Fees
$2,569Fees
FHA Loans
Overall
Sound
Product
Sound
Pricing
Acceptable
Pull Through
Sound
Volume44
Mix4.5%
Spread
+0.590%Above
Fees
$3,121Fees
Jumbo Loans
Overall
Sound
Product
Strong
Pricing
Mediocre
Pull Through
Strong
Volume113
Mix11.6%
Spread
+0.757%Above
Fees
$2,697Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Sound
Volume810
Mix82.8%
Spread
+0.326%Above
Fees
$2,545Fees
Refinance
Overall
Sound
Product
Strong
Pricing
Mediocre
Pull Through
Sound
Volume168
Mix17.2%
Spread
+0.492%Above
Fees
$2,932Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
978
Applications
1,508
Volume
$669 million
Pricing & Closing
Avg Rate Spread
+0.350%
vs. market APOR
Avg Net Fees
$2,601
Origination − Credits
Pullthrough Rate
64.9%
Applications → Closed
Typical Borrower
Avg Loan Amount
$684,172
Avg Borrower Income
$529,556
Avg Property Value
$1,048,057

Geographic Coverage

Geographic Performance

Metro Areas
9
markets with activity
States Served
19
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

19
19 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast6
CTMANJNYPARI
Midwest3
MIMNOH
South7
FLGAMDNCSCTNTX
West3
AZCACO

Top Metro Areas by Place Specialization Score

1© Dllu · CC BY-SA 4.0
New York, NY-NJMetro
Volume 384Mix 39.26% of portfolio
83/100
Exceptional
2© Mr. Matté · CC BY-SA 4.0
Lakewood, NJMetro
Volume 229Mix 23.42% of portfolio
82/100
Exceptional
3© Dicklyon · CC BY-SA 4.0
Nassau County, NYMetro
Volume 116Mix 11.86% of portfolio
70/100
Strong
4© Juliancolton · Public domain
Kiryas Joel, NYMetro
Volume 55Mix 5.62% of portfolio
67/100
Strong
5© Harry Somers from Miami, Florida, USA · CC BY 2.0
Fort Lauderdale, FLMetro
Volume 36Mix 3.68% of portfolio
56/100
Sound
6© Don Ramey Logan · CC BY 4.0
West Palm Beach, FLMetro
Volume 22Mix 2.25% of portfolio
51/100
Sound
7© Venusetdilecti · CC BY-SA 4.0
Miami, FLMetro
Volume 24Mix 2.45% of portfolio
50/100
Sound
8© Quintin Soloviev · CC BY 4.0
Bridgeport, CTMetro
Volume 15Mix 1.53% of portfolio
47/100
Sound
9© Gamezilla2019 · CC BY 4.0
Newark, NJMetro
Volume 16Mix 1.64% of portfolio
46/100
Sound

Top States by Place Specialization Score

New York
New York
1
New YorkState
Volume 536Mix 54.81% of portfolio
81/100
Exceptional
New Jersey
New Jersey
2
New JerseyState
Volume 288Mix 29.45% of portfolio
78/100
Strong
Florida
Florida
3
FloridaState
Volume 94Mix 9.61% of portfolio
56/100
Sound
Connecticut
Connecticut
4
ConnecticutState
Volume 24Mix 2.45% of portfolio
49/100
Sound

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.