We analyzed every closed loan from Armed Forces Bank — 1.0k loans across 2k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo
Place
Sound
3/5
National · 16 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
VA
Superstar
Purchase
Superstar
Summary
What They Do Well
- Offers rates 19.90 basis points below market average
- Lower than average lender fees
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
Armed Forces Bank performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 19.9 bps below market avg
4/5
Pull Through
Closing strength
Sound
Top 60% of lenders
3/5
By Loan Product· Specialization by type
Conventional
271 loans · 0.30% above market
Sound
Top 60% of lenders
3/5
FHA
58 loans · 0.51% above market
Sound
Top 60% of lenders
3/5
VA
693 loans · 0.50% below market
Exceptional
Top 20% of lenders
5/5
Jumbo
17 loans · 0.21% above market
Sound
Top 60% of lenders
3/5
By Loan Purpose· Transaction purpose mix
Purchase
910 loans · 0.14% below market
Strong
Top 40% of lenders
4/5
Refinance
135 loans · 0.42% below market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
National · 17 markets
Sound
Top 60% of lenders
3/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 271 | 25.9% | +0.305%Above | $1,685Fees | ||||
FHA Loans | 58 | 5.6% | +0.510%Above | $2,370Fees | ||||
VA Loans | 693 | 66.3% | -0.497%Below | $1,057Fees | ||||
Jumbo Loans | — | 17 | 1.6% | +0.211%Above | $1,113Fees |
Conventional
OverallSound
ProductSound
PricingSound
Pull ThroughSound
Volume271
Mix25.9%
Spread
+0.305%Above
Fees
$1,685Fees
FHA Loans
OverallSound
ProductSound
PricingSound
Pull ThroughSound
Volume58
Mix5.6%
Spread
+0.510%Above
Fees
$2,370Fees
VA Loans
OverallStrong
ProductExceptional
PricingExceptional
Pull ThroughStrong
Volume693
Mix66.3%
Spread
-0.497%Below
Fees
$1,057Fees
Jumbo Loans
OverallAcceptable
ProductSound
Pricing—
Pull ThroughMediocre
Volume17
Mix1.6%
Spread
+0.211%Above
Fees
$1,113Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 910 | 87.1% | -0.135%Below | $1,236Fees | ||||
Refinance | 135 | 12.9% | -0.418%Below | $1,568Fees |
Purchase
OverallStrong
ProductStrong
PricingStrong
Pull ThroughSound
Volume910
Mix87.1%
Spread
-0.135%Below
Fees
$1,236Fees
Refinance
OverallSound
ProductSound
PricingStrong
Pull ThroughAcceptable
Volume135
Mix12.9%
Spread
-0.418%Below
Fees
$1,568Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
1,045
Applications
1,711
Volume
$462 million
Pricing & Closing
Avg Rate Spread
-0.199%
vs. market APOR
Avg Net Fees
$1,311
Origination − Credits
Pullthrough Rate
61.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$442,742
Avg Borrower Income
$160,699
Avg Property Value
$512,847
Geographic Coverage
Geographic Performance
Metro Areas
16
markets with activity
States Served
50
of 50 states + DC
Avg Place Specialization
Sound
3/5
States with Loan Originations
50Full-year 2024 · HMDALoans originated
< 1010–2020–5050+None
Northeast9
CTMEMANHNJNYPARIVT
Midwest11
IAILINKSMIMNMONDNEOHWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 16 metro areas
Top States by Place Specialization Score
Showing 10 of 29 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 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.