Caliber Home Loans Mortgage Interest Rate and Cost Review

Is Caliber Home Loans a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Caliber Home Loans to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of Caliber Home Loans nationally:

Review ItemCaliber Home Loans
Interest Ratesimilar to other lenders (-0.00%)
Loan Related Closing Costslower than other lenders (-$289)

On average, Caliber Home Loans’s interest rates were similar to those of other lenders (-0.00%) for a comparable set of borrowers. On the other hand, its loan related closing costs were lower than those of other lenders, with a difference of -$289. To visit Caliber Home Loans, its website is located at: https://www.caliberhomeloans.com.

Caliber Home Loans’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track Caliber Home Loans was most active in:

  1. Seattle, WA
  2. Los Angeles, CA
  3. Indianapolis, IN
  4. Chicago, IL
  5. Washington, DC

In addition, Caliber Home Loans is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

  1. Anchorage, AK, for FHA mortgages
  2. Lehi, UT, for VA mortgages
  3. Bend, OR, for VA mortgages
  4. Corpus Christi, TX, for FHA mortgages
  5. Roseburg, OR, for VA mortgages
  6. St. George, UT, for FHA, and VA mortgages
  7. Scranton, PA, for FHA mortgages
  8. Logan, UT, for FHA mortgages
  9. Wilmington, NC, for FHA mortgages
  10. Jacksonville, NC, overall
  11. The Dalles, OR, for VA mortgages
  12. Lincoln City, OR, for FHA mortgages
  13. Madison, WI, for VA mortgages
  14. Pleasant Gap, PA, for VA mortgages
  15. Lewiston, ID, for Jumbo, and VA mortgages
  16. Ottawa, IL, for FHA mortgages
  17. Boyne City, MI, for VA mortgages
  18. Hidden Valley Lake, CA, for VA mortgages
  19. Jackson, WY, for FHA mortgages
  20. Moses Lake, WA, for VA mortgages

You can click through to check out Caliber Home Loans’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

Caliber Home Loans’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Caliber Home Loans originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.05%-0.07%+0.25%-0.01%-0.03%
Loan Related Closing Cost Difference-$23-$387+$430-$58-$61
Cost Adjusted Rate Difference+0.05%-0.09%+0.26%-0.02%-0.03%
National Star Rating(3.5)(4)(2)(3.5)(3.5)
Refinance MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference+0.02%-0.06%+0.11%+0.00%-0.09%
Loan Related Closing Cost Difference-$394-$737+$303-$10-$794
Cost Adjusted Rate Difference-0.00%-0.10%+0.12%-0.00%-0.13%
Average Star Rating(3.5)(4)(3)(3.5)(4)

As a summary, Caliber Home Loans is cheap for FHA purchase mortgages. It is similar to other lenders for Conforming, USDA and VA purchase mortgages. It is more expensive than other lenders for Jumbo purchase mortgages. For refinancing, Caliber Home Loans is cheap for FHA and VA mortgage refinance. It is similar to other lenders for Conforming and USDA mortgage refinance. It is more expensive than other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Caliber Home Loans:

Registered name: Caliber Home Loans Inc
Registered city and state: COPPELL, TX, 75019
Regulator: United States Department of Housing and Urban Development (HUD)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Caliber Home Loans’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.