Grande Homes Mortgage Rates, Fees & Info
SAN DIEGO, CALEI: 5493004ZQGH3G6GHZ049
Tax ID: 65-1211106
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Mortgage Data
Review & Overview
Grande Homes is a smaller mortgage company specializing in Home Purchase 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, San Francisco, and Sacramento among others. We have data for 5 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 a high 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
70Origination Dollar Volume (All Markets)
$38,730,000Awards
GRANDE HOMES - 2022
GRANDE HOMES is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 46 | $25,840,000 | $561,739 | $10,434 | 4.07% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 15 | $7,515,000 | $501,000 | $10,953 | 3.85% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $4,495,000 | $642,143 | $5,978 | 3.77% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,589 | 3.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,458 | 3.38% |
Their top states include:
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.
Similarity Rank: 30
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $16,830,000 | $525,938 | $6,809 | 4.33% |
| VA | 26 | $16,340,000 | $628,462 | $11,710 | 3.51% |
| FHA | 12 | $5,560,000 | $463,333 | $14,233 | 3.97% |
For 2022, Grande Homes's most frequently originated type of loan was Conventional, with 32 originations. Their 2nd most popular type was VA, with 26 originations.
Loan Reason
For 2022, Grande Homes's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 67 | $37,595,000 | $561,119 | $10,113 | 3.99% |
| 15 Year | 3 | $1,135,000 | $378,333 | $5,185 | 3.46% |
For 2022, Grande Homes's most frequently cited loan duration was 30 Year, with 67 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 52 | $29,190,000 | $561,346 |
| $5k+ | 10 | $6,100,000 | $610,000 |
| $2k-3k | 4 | $1,690,000 | $422,500 |
| $4k-5k | 4 | $1,750,000 | $437,500 |
Grande Homes's average total fees were $10,113, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 52 originations.
Interest Rates
During 2022, Grande Homes's average interest rate for loans was 3.99%, while their most frequently originated rate bucket for loans was 3-4%, with 26 originations.
Loan Sizing
2022 saw Grande Homes place emphasis on $400k-600k loans with 29 originations, totaling $14,455,000 in origination value.
Applicant Income
Grande Homes lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $75k-100k, with 14 originations.
Applicant Debt to Income Ratio
Grande Homes lent most frequently to those with DTI ratios of 50-60%, with 13 originations. The next most common DTI ratio? 30-36%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination81.43%
Grande Homes has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 70 | $38,730,000 | $553,286 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GUARANTEED RATE INC. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| GUARANTEED RATE INC. | FHA mortgage | Trouble during payment process | 1 | 50.0% |