K
K. Hovnanian American Mortgage, L.l.c.
Independent Mortgage Company•MATAWAN, NJ•Direct to Consumer
We analyzed every closed loan from K Hovnanian American Mortgage — 3.7k loans across 5k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Acceptable
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo
Place
Strong
Multi-Region · 34 mkts
Safe Rate Awards⭐FHA Superstar⭐VA 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 loans
Things to Think About
- Pricing may be below industry average
Explore another lender or local market
Report Card
K. Hovnanian American Mortgage, L.l.c. performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Near industry average +16.5 bps above market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Highly Competitive Top 40% of lenders | |
FHA | Market Leader Top 20% of lenders | |
VA | Market Leader Top 20% of lenders | |
Jumbo | Industry Standard Top 60% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Highly Competitive Top 40% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders Multi-Regional35 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 2,340 | 63.1% | +0.216%Above | $2,989Fees | ||||
FHA Loans | 963 | 25.9% | +0.114%Above | $4,290Fees | ||||
VA Loans | 391 | 10.5% | -0.369%Below | $1,452Fees | ||||
Jumbo Loans | — | 14 | 0.4% | +0.352%Above | $2,430Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 3,711 | 100.0% | +0.165%Above | $3,195Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
3,711
Applications
5,370
Volume
$1 billion
Pricing & Closing
Avg Rate Spread
+0.165%
vs. market APOR
Avg Net Fees
$3,195
Origination − Credits
Pullthrough Rate
69.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$434,178
Avg Borrower Income
$175,881
Avg Property Value
$555,305
Geographic Coverage
Geographic Performance
Metro Areas
34
States Served
12
We count Washington DC as a state
Avg Place Specialization
States with Loan Originations
AZCADEFLGAMDNJOHSCTXVAWV
Top Metro Areas by Place Specialization Score
1
Houston, TXMSA
Volume: 696Mix: 18.76%of portfolio
Place
Exceptional2
Dover, DE, DEMSA
Volume: 73Mix: 1.97%of portfolio
Place
Strong3
Phoenix, AZMSA
Volume: 482Mix: 12.99%of portfolio
Place
Strong4
Lakewood, NJMSA
Volume: 216Mix: 5.82%of portfolio
Place
Strong5
Port St. Lucie, FL, FLMSA
Volume: 129Mix: 3.48%of portfolio
Place
Strong6
Wilmington, DEMSA
Volume: 163Mix: 4.39%of portfolio
Place
Strong7
Dallas, TXMSA
Volume: 247Mix: 6.66%of portfolio
Place
Strong8
Arlington, VA-WVMSA
Volume: 173Mix: 4.66%of portfolio
Place
Strong9
Sacramento, CAMSA
Volume: 181Mix: 4.88%of portfolio
Place
Strong10
Sherman, TXMSA
Volume: 41Mix: 1.10%of portfolio
Place
StrongShowing 10 of 34 metro areas
Top States by Place Specialization Score
1
DEState
Volume: 313Mix: 8.43%of portfolio
Place
Exceptional2
TXState
Volume: 996Mix: 26.84%of portfolio
Place
Strong3
AZState
Volume: 482Mix: 12.99%of portfolio
Place
Strong4
NJState
Volume: 261Mix: 7.03%of portfolio
Place
Strong5
CAState
Volume: 598Mix: 16.11%of portfolio
Place
Strong6
VAState
Volume: 202Mix: 5.44%of portfolio
Place
Strong7
MDState
Volume: 180Mix: 4.85%of portfolio
Place
Strong8
SCState
Volume: 140Mix: 3.77%of portfolio
Place
Strong9
FLState
Volume: 327Mix: 8.81%of portfolio
Place
Strong10
WVState
Volume: 73Mix: 1.97%of portfolio
Place
StrongShowing 10 of 11 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.