Grande Homes Mortgage Rates, Fees & Info

SAN DIEGO, CA

LEI: 5493004ZQGH3G6GHZ049

Tax ID: 65-1211106

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 and Home Purchase loans. Grande Homes has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Diego, Riverside, Los Angeles, Salinas, and San Francisco among others. We have data for 9 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 a below 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 6.65% 11/21/24
    30 Year Conventional Refi 7.04% 11/21/24
    30 Year Cash-out Refi 6.66% 11/21/24
    30 Year FHA Purchase 7.21% 11/21/24
    30 Year FHA Refi 6.76% 11/21/24
    30 Year VA Purchase 5.88% 11/21/24
    30 Year VA Refi 5.65% 11/21/24
    15 Year Conventional Refi 6.31% 11/21/24
    15 Year Cash-out Refi 6.31% 11/21/24
    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.

    Grande Homes Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Grande Homes. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    373

    Origination Dollar Volume (All Markets)

    $143,295,000

    Awards

    GRANDE HOMES FHA Loans silver
    Show all (1) awards

    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) 243 $101,895,000 $419,321 $7,156 3.92%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 93 $27,995,000 $301,022 $7,483 3.87%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 18 $6,100,000 $338,889 $8,271 3.79%
    SALINAS, CA (FHA|USDA|VA) 10 $4,360,000 $436,000 $8,700 3.96%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $1,180,000 $295,000 $5,120 3.81%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $670,000 $335,000 $11,660 3.56%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $575,000 $575,000 $14,251 4.25%
    EL CENTRO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $10,082 4.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $235,000 $235,000 $8,247 3.25%
    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.

    MYPOINT Credit Union
    Similarity Rank: 147
    Christian Community Credit Union
    Similarity Rank: 220
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    LA Financial Federal Credit Union
    Similarity Rank: 951
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 1107
    LBS FINANCIAL
    Similarity Rank: 1176
    Water and Power Community Credit Union
    Similarity Rank: 1296
    I.L.W.U. CREDIT UNION
    Similarity Rank: 1368
    USC Credit Union
    Similarity Rank: 1416

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 191 $61,415,000 $321,545 $5,324 3.99%
    FHA 96 $38,890,000 $405,104 $12,188 3.87%
    VA 85 $42,715,000 $502,529 $6,444 3.68%
    FHA 1 $275,000 $275,000 $0 9.25%

    For 2019, Grande Homes's most frequently originated type of loan was Conventional, with 191 originations. Their 2nd most popular type was FHA, with 96 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 178 $73,150,000 $410,955 $5,572 3.85%
    Home Purchase 133 $45,685,000 $343,496 $9,461 3.90%
    Cash Out Refi 62 $24,460,000 $394,516 $7,967 4.05%

    For 2019, Grande Homes's most frequently cited loan purpose was Refi, with 178 originations. The 2nd most popular reason was Home Purchase, with 133 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 349 $135,885,000 $389,355 $7,546 3.89%
    15 Year 10 $2,800,000 $280,000 $3,618 3.69%
    20 Year 8 $2,430,000 $303,750 $4,739 4.02%
    Other 6 $2,180,000 $363,333 $4,828 4.94%

    For 2019, Grande Homes's most frequently cited loan duration was 30 Year, with 349 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 216 $90,410,000 $418,565
    $<1k 72 $24,070,000 $334,306
    $5k+ 35 $12,455,000 $355,857
    $2k-3k 19 $5,215,000 $274,474
    $4k-5k 14 $4,820,000 $344,286
    $3k-4k 13 $4,965,000 $381,923

    Grande Homes's average total fees were $7,546, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 216 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 220 $87,330,000 $396,955
    4-5% 130 $53,300,000 $410,000
    2.5-3% 10 $1,080,000 $108,000
    <2.5% 7 $45,000 $6,429
    5-6% 5 $1,265,000 $253,000
    Over 8% 1 $275,000 $275,000

    During 2019, Grande Homes's average interest rate for loans was 3.89%, while their most frequently originated rate bucket for loans was 3-4%, with 220 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 158 $74,920,000 $474,177 $8,838 3.91%
    $200k-400k 153 $48,305,000 $315,719 $7,426 4.06%
    $600k-1MM 25 $17,355,000 $694,200 $5,482 3.97%
    $100,000 or less 22 $260,000 $11,818 $333 2.48%
    $100k-200k 15 $2,455,000 $163,667 $4,755 4.17%

    2019 saw Grande Homes place emphasis on $400k-600k loans with 158 originations, totaling $74,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 87 $36,575,000 $420,402 $8,212 3.90%
    $50k or less 84 $35,510,000 $422,738 $5,134 3.84%
    $50k-75k 82 $25,120,000 $306,341 $7,760 3.86%
    $75k-100k 78 $26,640,000 $341,538 $8,889 3.91%
    $150k-250k 38 $17,800,000 $468,421 $6,626 4.10%
    $250k+ 4 $1,650,000 $412,500 $4,592 4.19%

    Grande Homes lent most frequently to those with incomes in the $100k-150k range, with 87 originations. The second most popular income band? $50k or less, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 50 $22,660,000 $453,200 $13,277 3.93%
    30-36% 39 $13,635,000 $349,615 $5,984 3.90%
    >60% 38 $19,360,000 $509,474 $4,075 3.85%
    44% 31 $10,805,000 $348,548 $8,917 4.02%
    20-30% 26 $7,480,000 $287,692 $4,702 3.78%
    49% 18 $7,170,000 $398,333 $7,782 4.17%
    43% 16 $5,180,000 $323,750 $8,813 4.20%
    40% 15 $5,325,000 $355,000 $5,685 3.97%
    38% 15 $6,505,000 $433,667 $5,307 3.78%
    39% 14 $4,640,000 $331,429 $7,433 3.72%
    36% 14 $3,730,000 $266,429 $6,850 3.61%
    41% 13 $5,295,000 $407,308 $8,447 4.13%
    <20% 11 $465,000 $42,273 $1,241 3.31%
    47% 11 $4,255,000 $386,818 $8,606 3.91%
    48% 9 $3,555,000 $395,000 $9,680 4.08%
    46% 8 $3,780,000 $472,500 $7,893 3.83%
    37% 6 $1,620,000 $270,000 $6,362 4.02%
    45% 6 $2,870,000 $478,333 $6,720 4.33%
    42% 5 $1,745,000 $349,000 $10,247 4.38%

    Grande Homes lent most frequently to those with DTI ratios of 50-60%, with 50 originations. The next most common DTI ratio? 30-36%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 185 $81,785,000 $442,081 $7,217 3.95%
    White 154 $48,500,000 $314,935 $7,404 3.85%
    Not provided 16 $6,160,000 $385,000 $7,953 3.84%
    Black 12 $4,120,000 $343,333 $9,051 3.88%
    Filipino 3 $1,255,000 $418,333 $4,944 3.88%
    Native Hawaiian or Islander 2 $990,000 $495,000 $7,634 4.50%
    Guamanian 1 $485,000 $485,000 $5,221 4.13%

    Approval Rates

    Total approvals of all applications
    94.06%

    Grande Homes has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.81%

    Grande Homes has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 373 $143,295,000 $384,169

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 373 $143,295,000 $384,169

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $735,000 $147,000 $5,701 4.37%
    40-60% 29 $7,785,000 $268,448 $3,916 3.88%
    60-80% 97 $37,285,000 $384,381 $5,859 4.10%
    80-100% 207 $90,475,000 $437,077 $9,087 3.95%
    Over 100% 13 $6,755,000 $519,615 $11,293 3.93%
    Under 20% 22 $260,000 $11,818 $333 2.48%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    GUARANTEED HOME MORTGAGE COMPANY FHA mortgage Struggling to pay mortgage 1 100.0%