Grande Homes Mortgage Rates, Fees & Info

SAN DIEGO, CA

LEI: 5493004ZQGH3G6GHZ049

Tax ID: 65-1211106

4.7 stars - out of 5 stars, based on 22 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & 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 by origination volume include: San Diego, Riverside, Los Angeles, Salinas, and San Francisco among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Grande Homes has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Grande Homes is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.63% 3/19/23
    30 Year Conventional Refi 6.39% 3/19/23
    30 Year Cash-out Refi 6.62% 3/19/23
    30 Year FHA Purchase 7.29% 3/19/23
    30 Year FHA Refi 6.87% 3/19/23
    30 Year VA Purchase 6.23% 3/19/23
    30 Year VA Refi 5.73% 3/19/23
    15 Year Conventional Refi 5.85% 3/19/23
    15 Year Cash-out Refi 5.85% 3/19/23
    15 Year VA Purchase 6.27% 3/19/23
    15 Year VA Refi 5.67% 3/19/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    501

    Origination Dollar Volume (All Markets)

    $217,365,000
    Show all (7) awards

    Relative Rate

    Grande Homes's average 30 year fixed mortgage rate was 2.85%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.3%.

    Relative Fees (Closing Costs)

    Grande Homes's average total fees/closing costs for a 30 year fixed rate mortgage were $5,954.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    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.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against GRANDE HOMES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Monterey Credit Union
    Similarity Rank: 63
    Christian Community Credit Union
    Similarity Rank: 354
    Credence Funding Corporation
    Similarity Rank: 404
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 825
    MYPOINT Credit Union
    Similarity Rank: 924
    Chaffey Federal Credit Union
    Similarity Rank: 966
    LA Financial Federal Credit Union
    Similarity Rank: 1374
    POPA FEDERAL CREDIT UNION
    Similarity Rank: 1380
    Los Angeles Federal Credit Union
    Similarity Rank: 1400
    Water and Power Community Credit Union
    Similarity Rank: 1484

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 339 $137,385,000 $405,265 $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%
    HELOC 1 $365,000 $365,000 n/a 2.88%

    For 2021, Grande Homes's most frequently originated type of loan was Conventional, with 339 originations. Their 2nd most popular type was VA, with 121 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Grande Homes's most frequently cited loan purpose was Refi, with 233 originations. The 2nd most popular reason was 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 2021, Grande Homes's most frequently cited loan duration was 30 Year, with 462 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 25 $10,565,000 $422,600
    $2k-3k 17 $6,125,000 $360,294
    $4k-5k 10 $4,060,000 $406,000

    Grande Homes's average total fees were $5,954, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.85%, while their most frequently originated rate bucket for loans was 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 or Islander 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 applications
    97.84%

    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 origination
    91.82%

    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%