Buying, not refinancing
Home purchases made up 97.2% of its 834 loans. Conventional loans made up 92.7%, against 68.0% at similar lenders, meaning independent non-bank lenders making between half and twice as many loans. Loans insured by the Federal Housing Administration (FHA) were 6.7%, against 21.1% at its peers. Its typical loan, $355,000, was a little above their $325,000.