Grande Homes Mortgage Rates, Fees & Info
SAN DIEGO, CALEI: 5493004ZQGH3G6GHZ049
Tax ID: 65-1211106
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Grande Homes is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Grande Homes has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include San Diego, Riverside, Los Angeles, Salinas, and San Francisco among others. Grande Homes has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Grande Homes is typically an average fee lendor.Originations
501Origination Dollar Volume (All Markets)
$217,365,000Awards
GRANDE HOMES - 2021
GRANDE HOMES is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Grande Homes 's average 30 year fixed rate mortgage of loans were
2.85%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.3%.
Relative Fees
Grande Homes 's average total fees for a 30 year fixed rate
mortgage are $5,954.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 315 | $144,935,000 | $460,111 | $5,807 | 2.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 103 | $35,595,000 | $345,583 | $6,059 | 2.90% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 54 | $24,340,000 | $450,741 | $4,793 | 3.02% |
| SALINAS, CA (FHA|USDA|VA) | 10 | $4,650,000 | $465,000 | $6,427 | 3.01% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 7 | $4,165,000 | $595,000 | $7,538 | 2.91% |
| MERCED, CA (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $5,281 | 3.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,275 | 3.63% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,641 | 3.50% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,455 | 3.25% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $13,888 | 2.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,435 | 2.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,435 | 2.99% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,069 | 2.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,381 | 2.88% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,930 | 3.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,459 | 2.75% |
Grande Homes 's top markets include San Diego, Riverside, Los Angeles, Salinas, and San Francisco among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 340 | $137,750,000 | $405,147 | $4,811 | 2.99% |
| VA | 121 | $62,145,000 | $513,595 | $6,100 | 2.40% |
| FHA | 40 | $17,470,000 | $436,750 | $13,027 | 2.70% |
For the 2021 period, Grande Homes 's most frequently originated loan type of loans were Conventional, with 340 originations. Their 2nd most popular type is VA, with 121 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 233 | $96,815,000 | $415,515 | $4,376 | 2.72% |
| Cash Out Refi | 169 | $72,005,000 | $426,065 | $5,523 | 2.93% |
| Home Purchase | 97 | $48,285,000 | $497,784 | $9,690 | 2.89% |
| Other | 2 | $260,000 | $130,000 | $1,742 | 2.50% |
For the 2021, Grande Homes 's most frequently cited loan purpose of loans were Refi, with 233 originations. The 2nd most popular reason of loans were Cash Out Refi, with 169 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 462 | $205,960,000 | $445,801 | $5,954 | 2.85% |
| 15 Year | 21 | $5,615,000 | $267,381 | $3,574 | 2.27% |
| 20 Year | 12 | $3,800,000 | $316,667 | $4,191 | 2.71% |
| Other | 6 | $1,990,000 | $331,667 | $3,885 | 2.83% |
For the 2021, Grande Homes 's most frequently cited loan length of loans were 30 Year, with 462 originations. The 2nd most popular length of loans were 15 Year, with 21 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 348 | $151,430,000 | $435,144 |
| $<1k | 56 | $23,410,000 | $418,036 |
| $5k+ | 40 | $19,700,000 | $492,500 |
| $3k-4k | 35 | $14,625,000 | $417,857 |
| $2k-3k | 17 | $6,125,000 | $360,294 |
$5,954 of loans were Grande Homes 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 348 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 214 | $89,850,000 | $419,860 |
| <2.5% | 150 | $65,540,000 | $436,933 |
| 3-4% | 130 | $58,960,000 | $453,538 |
| 4-5% | 7 | $3,015,000 | $430,714 |
During 2021, Grande Homes 's average interest rate of loans were 2.85%, while their most frequently originated rate bucket of loans were 2.5-3%, with 214 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $400k-600k | 214 | $104,580,000 | $488,692 | $5,898 | 2.80% |
| $200k-400k | 191 | $60,895,000 | $318,822 | $4,989 | 2.84% |
| $600k-1MM | 67 | $46,565,000 | $695,000 | $8,507 | 2.91% |
| $100k-200k | 26 | $4,290,000 | $165,000 | $3,896 | 2.69% |
| $100,000 or less | 2 | $30,000 | $15,000 | $250 | 1.00% |
| $1MM+ | 1 | $1,005,000 | $1,005,000 | $8,338 | 2.75% |
2021 saw Grande Homes place emphasis on $400k-600k loans with 214 originations, totaling $104,580,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 120 | $56,820,000 | $473,500 | $5,711 | 2.84% |
| $50k or less | 103 | $41,335,000 | $401,311 | $5,144 | 2.59% |
| $75k-100k | 94 | $38,750,000 | $412,234 | $6,705 | 2.92% |
| $50k-75k | 91 | $33,475,000 | $367,857 | $6,135 | 2.91% |
| $150k-250k | 79 | $39,995,000 | $506,266 | $5,419 | 2.86% |
| $250k+ | 14 | $6,990,000 | $499,286 | $4,821 | 2.81% |
Grande Homes lent most frequently to those with incomes in the $100k-150k range, with 120 originations. The second most popular income band? $50k or less, with 103 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 65 | $27,595,000 | $424,538 | $4,874 | 2.88% |
| 20-30% | 61 | $25,225,000 | $413,525 | $4,500 | 2.77% |
| >60% | 42 | $19,980,000 | $475,714 | $3,175 | 2.32% |
| 42% | 30 | $11,740,000 | $391,333 | $5,194 | 2.95% |
| 50-60% | 27 | $15,125,000 | $560,185 | $12,469 | 2.74% |
| 44% | 26 | $10,860,000 | $417,692 | $5,478 | 3.06% |
| 49% | 24 | $11,320,000 | $471,667 | $7,669 | 3.10% |
| 43% | 23 | $10,345,000 | $449,783 | $7,880 | 2.99% |
| 40% | 23 | $8,565,000 | $372,391 | $5,637 | 3.04% |
| 36% | 20 | $8,740,000 | $437,000 | $5,376 | 2.91% |
| 47% | 20 | $8,980,000 | $449,000 | $8,070 | 2.82% |
| 37% | 20 | $9,520,000 | $476,000 | $5,497 | 2.89% |
| 39% | 19 | $7,385,000 | $388,684 | $3,954 | 2.81% |
| 45% | 16 | $6,210,000 | $388,125 | $6,872 | 2.73% |
| 38% | 16 | $6,810,000 | $425,625 | $5,155 | 2.98% |
| 48% | 14 | $5,610,000 | $400,714 | $6,830 | 3.01% |
| 46% | 14 | $5,890,000 | $420,714 | $7,035 | 2.88% |
| <20% | 13 | $4,335,000 | $333,462 | $3,585 | 2.74% |
| 41% | 11 | $4,895,000 | $445,000 | $6,055 | 2.70% |
Grande Homes lent most frequently to those with DTI ratios of 30-36%, with 65 originations. The next most common DTI ratio? 20-30%, with 61 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 297 | $136,485,000 | $459,545 | $5,739 | 2.77% |
| White | 117 | $44,025,000 | $376,282 | $6,387 | 2.91% |
| Not provided | 58 | $24,050,000 | $414,655 | $4,923 | 2.91% |
| Filipino | 14 | $6,740,000 | $481,429 | $4,527 | 2.82% |
| Black | 6 | $2,190,000 | $365,000 | $7,030 | 2.88% |
| Native Hawaiian | 3 | $1,295,000 | $431,667 | $5,024 | 2.83% |
| Other Asian | 2 | $1,190,000 | $595,000 | $8,507 | 2.88% |
| American Indian | 3 | $1,075,000 | $358,333 | $7,393 | 3.08% |
| Vietnamese | 1 | $315,000 | $315,000 | $1,680 | 1.88% |
Approval Rates
Total approvals of all applications96.36%
Grande Homes has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.59%
Grande Homes has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 501 | $217,365,000 | $433,862 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 501 | $217,365,000 | $433,862 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 33 | $8,735,000 | $264,697 | $3,768 | 2.68% |
| 40-60% | 94 | $33,730,000 | $358,830 | $4,372 | 2.85% |
| 60-80% | 187 | $85,435,000 | $456,872 | $5,151 | 3.00% |
| 80-100% | 172 | $82,760,000 | $481,163 | $7,062 | 2.67% |
| Over 100% | 10 | $6,160,000 | $616,000 | $17,344 | 2.76% |
| Under 20% | 5 | $545,000 | $109,000 | $2,399 | 1.98% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GUARANTY HOME MORTGAGE CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
