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

Jump to:

  • 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 Cash Out Refi 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 18 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 6.65% 4/21/24
    30 Year Conventional Refi 7.04% 4/21/24
    30 Year Cash-out Refi 6.66% 4/21/24
    30 Year FHA Purchase 7.21% 4/21/24
    30 Year FHA Refi 6.76% 4/21/24
    30 Year VA Purchase 5.88% 4/21/24
    30 Year VA Refi 5.65% 4/21/24
    15 Year Conventional Refi 6.31% 4/21/24
    15 Year Cash-out Refi 6.31% 4/21/24
    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

    752

    Origination Dollar Volume (All Markets)

    $292,790,000
    Show all (10) 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) 475 $195,735,000 $412,074 $5,231 2.86%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 167 $52,335,000 $313,383 $5,565 2.91%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 65 $28,085,000 $432,077 $5,217 3.06%
    SALINAS, CA (FHA|USDA|VA) 20 $8,020,000 $401,000 $4,814 2.76%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $1,660,000 $415,000 $4,086 3.06%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $1,335,000 $445,000 $5,464 3.08%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $890,000 $445,000 $3,029 3.13%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $740,000 $370,000 $5,966 2.56%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $625,000 $625,000 $1,575 2.75%
    MODESTO, CA (FHA|USDA|VA) 2 $590,000 $295,000 $3,980 3.19%
    MERCED, CA (FHA|USDA|VA) 2 $530,000 $265,000 $3,941 2.87%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $445,000 $445,000 $3,850 3.13%
    VISALIA, CA (FHA|USDA|VA) 2 $380,000 $190,000 $5,384 3.38%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $350,000 $175,000 $2,963 2.56%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $335,000 $335,000 $3,484 3.00%
    STOCKTON, CA (FHA|USDA|VA) 1 $295,000 $295,000 $10,655 3.38%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $265,000 $265,000 $8,312 2.63%
    Outside of Metro Areas 1 $175,000 $175,000 $3,341 2.88%
    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: 144
    Chaffey Federal Credit Union
    Similarity Rank: 345
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384
    MYPOINT Credit Union
    Similarity Rank: 560
    ALTURA
    Similarity Rank: 628
    Christian Community Credit Union
    Similarity Rank: 716
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 1053
    FFC Mortgage Corp.
    Similarity Rank: 1428
    LA Financial Federal Credit Union
    Similarity Rank: 1677
    LONG BEACH FIREMEN S CREDIT UNION
    Similarity Rank: 1848

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 498 $173,230,000 $347,851 $4,287 2.97%
    VA 190 $91,430,000 $481,211 $5,117 2.65%
    FHA 64 $28,130,000 $439,531 $13,391 3.00%

    For 2020, Grande Homes's most frequently originated type of loan was Conventional, with 498 originations. Their 2nd most popular type was VA, with 190 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 463 $179,015,000 $386,641 $4,298 2.87%
    Cash Out Refi 160 $62,140,000 $388,375 $4,758 2.97%
    Home Purchase 113 $51,275,000 $453,761 $10,606 3.02%
    Other 16 $360,000 $22,500 $900 1.69%

    For 2020, Grande Homes's most frequently cited loan purpose was Refi, with 463 originations. The 2nd most popular reason was Cash Out Refi, with 160 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 670 $268,690,000 $401,030 $5,468 2.91%
    15 Year 40 $11,510,000 $287,750 $3,481 2.62%
    20 Year 24 $7,370,000 $307,083 $3,664 2.85%
    Other 15 $4,745,000 $316,333 $4,382 2.99%
    10 Year 2 $260,000 $130,000 $1,632 2.38%
    30+ year 1 $215,000 $215,000 $4,227 2.25%

    For 2020, Grande Homes's most frequently cited loan duration was 30 Year, with 670 originations. The 2nd most popular length was 15 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 523 $207,285,000 $396,338
    $<1k 90 $33,780,000 $375,333
    $2k-3k 43 $13,295,000 $309,186
    $3k-4k 36 $12,650,000 $351,389
    $5k+ 34 $16,620,000 $488,824
    $4k-5k 14 $6,050,000 $432,143

    Grande Homes's average total fees were $5,468, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 523 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 353 $138,035,000 $391,034
    3-4% 228 $91,790,000 $402,588
    <2.5% 162 $59,440,000 $366,914
    4-5% 9 $3,525,000 $391,667

    During 2020, Grande Homes's average interest rate for loans was 2.91%, while their most frequently originated rate bucket for loans was 2.5-3%, with 353 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 324 $100,150,000 $309,105 $4,849 2.93%
    $400k-600k 301 $143,055,000 $475,266 $5,925 2.93%
    $600k-1MM 59 $40,995,000 $694,831 $6,936 2.93%
    $100k-200k 49 $8,195,000 $167,245 $3,831 2.92%
    $100,000 or less 19 $395,000 $20,789 $673 1.60%

    2020 saw Grande Homes place emphasis on $200k-400k loans with 324 originations, totaling $100,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 186 $75,040,000 $403,441 $5,304 2.96%
    $50k or less 180 $72,340,000 $401,889 $4,268 2.70%
    $50k-75k 138 $43,040,000 $311,884 $5,932 2.85%
    $75k-100k 121 $45,185,000 $373,430 $6,482 3.00%
    $150k-250k 115 $52,435,000 $455,957 $4,785 3.01%
    $250k+ 11 $4,485,000 $407,727 $4,831 3.04%

    Grande Homes lent most frequently to those with incomes in the $100k-150k range, with 186 originations. The second most popular income band? $50k or less, with 180 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 108 $43,600,000 $403,704 $3,662 2.46%
    30-36% 102 $39,070,000 $383,039 $4,900 2.89%
    20-30% 97 $34,125,000 $351,804 $4,220 2.88%
    >60% 57 $26,765,000 $469,561 $4,885 2.94%
    44% 43 $15,335,000 $356,628 $5,215 3.00%
    39% 38 $13,370,000 $351,842 $4,309 3.13%
    50-60% 38 $17,920,000 $471,579 $12,534 3.05%
    42% 32 $11,420,000 $356,875 $6,093 3.05%
    43% 32 $12,610,000 $394,063 $5,588 3.07%
    40% 28 $10,920,000 $390,000 $4,973 2.95%
    49% 28 $11,330,000 $404,643 $5,648 3.00%
    38% 27 $8,495,000 $314,630 $4,305 2.84%
    37% 25 $9,935,000 $397,400 $5,271 2.99%
    36% 22 $7,990,000 $363,182 $5,822 2.94%
    46% 20 $7,730,000 $386,500 $6,134 3.08%
    41% 16 $6,410,000 $400,625 $6,375 2.91%
    47% 13 $5,315,000 $408,846 $6,672 2.93%
    45% 13 $5,375,000 $413,462 $7,147 3.06%
    48% 12 $4,650,000 $387,500 $5,145 3.09%

    Grande Homes lent most frequently to those with DTI ratios of <20%, with 108 originations. The next most common DTI ratio? 30-36%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 393 $167,005,000 $424,949 $5,054 2.85%
    White 251 $84,625,000 $337,151 $5,761 2.95%
    Not provided 72 $26,830,000 $372,639 $4,701 2.89%
    Filipino 15 $6,445,000 $429,667 $4,701 2.92%
    Black 11 $3,885,000 $353,182 $5,521 2.86%
    Vietnamese 2 $850,000 $425,000 $2,035 3.00%
    Native Hawaiian or Islander 2 $680,000 $340,000 $4,023 3.44%
    Not applicable 1 $615,000 $615,000 $9,596 3.63%
    Other Pacific Islander 1 $555,000 $555,000 $23,244 3.00%
    American Indian 2 $540,000 $270,000 $4,757 3.13%
    Guamanian 1 $385,000 $385,000 $4,376 4.00%
    Asian Indian 1 $375,000 $375,000 $3,230 2.88%

    Approval Rates

    Total approvals of all applications
    99.87%

    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
    99.34%

    Grande Homes has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 752 $292,790,000 $389,348

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 752 $292,790,000 $389,348

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $8,125,000 $219,595 $3,381 2.78%
    40-60% 140 $43,270,000 $309,071 $3,929 2.91%
    60-80% 250 $100,100,000 $400,400 $4,316 3.01%
    80-100% 288 $130,700,000 $453,819 $6,888 2.89%
    Over 100% 19 $10,275,000 $540,789 $11,446 2.80%
    Under 20% 18 $320,000 $17,778 $486 1.55%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    GUARANTY HOME MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 1 100.0%