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K. HOVNANIAN AMERICAN MORTGAGE, L.L.C.
Independent Mortgage Company|MATAWAN, NJ|Multi-Region
Loans Originated
3,711
Applications
5,370
Volume
$1 billion
Offers loans directly to consumersHomebuilder Lender
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar⭐VA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.165%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,195
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
69.1%
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 loans
Things to Think About
- Pricing may be below industry average
Report Card
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Places Geographic coverage | Strong | Multi-Regional · 35 metro areas · 12 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$434,178
Average Borrower Income
$175,881
Average Property Value
$555,305
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 2,340 | 63.1% | +0.216% | $2,989 |
FHA Loans | Strong | Exceptional | Sound | Strong | 963 | 25.9% | +0.114% | $4,290 |
VA Loans | Strong | Exceptional | Strong | Strong | 391 | 10.5% | -0.369% | $1,452 |
Jumbo Loans | Acceptable | Sound | N/A | Mediocre | 14 | 0.4% | +0.352% | $2,430 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Sound | 3,711 | 100.0% | +0.165% | $3,195 |
Geographic Coverage
Metro Areas
34
States Served
12
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZCADEFLGAMDNJOHSCTXVAWV
Top Metro Areas by Place Specialization Score
1
Houston, TXMSA
Volume: 696Mix: 18.76%
Place Specialization
Exceptional
2
Dover, DE, DEMSA
Volume: 73Mix: 1.97%
Place Specialization
Strong
3
Phoenix, AZMSA
Volume: 482Mix: 12.99%
Place Specialization
Strong
4
Lakewood, NJMSA
Volume: 216Mix: 5.82%
Place Specialization
Strong
5
Port St. Lucie, FL, FLMSA
Volume: 129Mix: 3.48%
Place Specialization
Strong
6
Wilmington, DEMSA
Volume: 163Mix: 4.39%
Place Specialization
Strong
7
Dallas, TXMSA
Volume: 247Mix: 6.66%
Place Specialization
Strong
8
Arlington, VA-WVMSA
Volume: 173Mix: 4.66%
Place Specialization
Strong
9
Sacramento, CAMSA
Volume: 181Mix: 4.88%
Place Specialization
Strong
10
Sherman, TXMSA
Volume: 41Mix: 1.10%
Place Specialization
Strong
Showing 10 of 34 metro areas
Top States by Place Specialization Score
1
DEState
Volume: 313Mix: 8.43%
Place Specialization
Exceptional
2
TXState
Volume: 996Mix: 26.84%
Place Specialization
Strong
3
AZState
Volume: 482Mix: 12.99%
Place Specialization
Strong
4
NJState
Volume: 261Mix: 7.03%
Place Specialization
Strong
5
CAState
Volume: 598Mix: 16.11%
Place Specialization
Strong
6
VAState
Volume: 202Mix: 5.44%
Place Specialization
Strong
7
MDState
Volume: 180Mix: 4.85%
Place Specialization
Strong
8
SCState
Volume: 140Mix: 3.77%
Place Specialization
Strong
9
FLState
Volume: 327Mix: 8.81%
Place Specialization
Strong
10
WVState
Volume: 73Mix: 1.97%
Place Specialization
Strong
Showing 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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