Nearly half of GSE loans go to
first-time homebuyers
The share of first-time buyers using
government-sponsored enterprise
(GSE) loans has been increasing.
The first-time-homebuyer share of
GSE purchase loans in January 2016
was under 45 percent, according to
the Urban Institute. As of this past
January, that number had grown
to 48.1 percent, the highest level in
recent history.
First-time homebuying through the
Federal Housing Administration
(FHA), in contrast, has remained fairly
flat, hovering around 80 percent
for the last four years. In January
2018, 82 percent of FHA buyers were
first-timers.
Joe Tyrrell, executive vice president
of corporate strategy at Ellie Mae,
recently told Ask a Lender that the
rise in first-timers using GSE-backed
loans speaks to the mortgage
industry’s willingness to incorporate
new strategies to cater to the influx
of millennials into the entry-level
market. “[ The] industry is starting
to understand overall that there is a
very big population bubble coming
to us in these millennials,” Tyrrell said.
–AA
Name Company City State Home Loans
Home Loan
Volume
Average
Home Loan
The ;rst-time homebuyer share
of government-sponsored
enterprise purchase loans
in January 2018
Source: Urban Institute
Best First-Time Homebuyer Lenders
askalender.com/BestBuyer
Adam Hammond FirstBank Guntersville Alabama 306 $63,844,936 $208,644
Leon McKean Academy Mortgage Co. Anchorage Alaska 93 $30, 115,004 $323,817
Paul Volpe NOVA Home Loans Tucson Arizona 822 $174,348,561 $212, 103
Amanda Eaton Supreme Lending Jonesboro Arkansas 189 $24, 151,433 $127,785
Brian Minkow HomeBridge Financial Services Westlake Village California 500 $213,883,009 $427,766
Gavin Ekstrom Citywide Home Loans, a Utah Corp. Denver Colorado 422 $95,315,651 $225,866
Lisamarie Nicholas PrimeLending Shelton Connecticut 492 $124,631,263 $253,316
John Thomas Primary Residential Mortgage Newark Delaware 216 $41,366,422 $191,511
Chris Cox First Savings Mortgage Corp. Washington District of Columbia 194 $117, 176,624 $604,003
Matt Andre FBC Mortgage LLC Lake Mary Florida 746 $183, 165,442 $245,530
Shane Siniard S WBC Mortgage Corp. Cartersville Georgia 453 $78,879,886 $174, 128
Brady Spangler Axia Home Loans Wailea Hawaii 165 $72,644,516 $440,270
Jason Oswald Academy Mortgage Co. Meridian Idaho 294 $67,995,950 $231,279
Joe McBreen bemortgage Chicago Illinois 573 $73,005,490 $127,409
Austin Larr Fairway Independent Mortgage Corp. Fishers Indiana 889 $157,688,321 $177,377
John Cornish Perl Mortgage Inc. Davenport Iowa 202 $40,379,724 $199,900
Chad S. Trease PrimeLending Overland Park Kansas 403 $88,515,700 $219,642
Kevin Brinkman Caliber Home Loans Fort Mitchell Kentucky 162 $23,182,800 $143, 104
Stephanie Machado Barto GMFS Mortgage Covington Louisiana 454 $97,841,538 $215,510
Rae Ann Rice LendUS LLC, dba American Eagle Mortgage Bangor Maine 107 $15,535,646 $145,193
Sam Rosenblatt Academy Mortgage Co. Hunt Valley Maryland 313 $98,772,812 $315,568
Shant Banosian Guaranteed Rate Waltham Massachusetts 918 $384,086,786 $418,395
Kevin Polakovich Treadstone Funding Grand Rapids Michigan 549 $98,823, 126 $180,006
Mona Edick Bay Equity LLC Rogers Minnesota 324 $67,638,554 $208,761
Steve Blake PrimeLending Olive Branch Mississippi 142 $23,586,466 $166, 102
Lacey Moores PrimeLending Lee’s Summit Missouri 326 $52,427,456 $160,820
Chris Elgert Lincoln Federal Savings Bank Lincoln Nebraska 211 $40,726,703 $193,018
Becca Green Guild Mortgage Co. Henderson Nevada 517 $115,191,837 $222,808
Ryan Huskey Fairway Independent Mortgage Corp. Portsmouth New Hampshire 247 $80, 125,845 $324,396
Michael Borodinsky Caliber Home Loans Edison New Jersey 442 $141,446,900 $320,016
John Gabaldon Academy Mortgage Co. Albuquerque New Mexico 297 $28,546,597 $96, 116
Brian Scott Cohen Wells Fargo Home Mortgage Brooklyn New York 540 $455,447,965 $843,422
Ashley McKenzie Fairway Independent Mortgage Corp. Winston-Salem North Carolina 517 $88,814,684 $171,789
Shanna Marie Field Wintrust Mortgage Grand Forks North Dakota 104 $20,052,331 $192,811
Shawn Huss Chemical Bank Cincinnati Ohio 771 $79, 144,860 $102,652
Cody Hardridge Cornerstone Home Lending Inc. Oklahoma City Oklahoma 370 $66,620,615 $180,056
Brian Case Guild Mortgage Co. Medford Oregon 280 $67,357,800 $240,564
Jeremy Durkin Trident Mortgage Co. Philadelphia Pennsylvania 513 $147,075,786 $286,697
Sal Savastano First Home Mortgage Corp. Providence Rhode Island 163 $37,771,264 $231,726
Shane Miller On Q Financial Seneca South Carolina 360 $55, 111,011 $153,086
Josh Campbell CMG Financial Rapid City South Dakota 92 $18,894,998 $205,380
Carey Ann Cyr CMG Financial Franklin Tennessee 583 $132, 117,613 $226,617
Max Leaman PrimeLending Austin Texas 880 $248,055,078 $281,881
Marylee Gilchrist Citywide Home Loans, a Utah Corp. Sandy Utah 490 $122,339,892 $249,673
Nick Parent Vermont Mortgage Co. LLC Burlington Vermont 196 $49,302,230 $251,542
Matthew Beckwith OVM Financial Inc. Chesapeake Virginia 394 $88,963,818 $225,796
Jason Gosser Guild Mortgage Co. Everett Washington 550 $153,672,496 $279,405
Justin Weikle Alcova Mortgage LLC Lewisburg West Virginia 115 $13,310,865 $115,747
James Pope Wintrust Mortgage Madison Wisconsin 255 $78,015,352 $305,943
