Dha Financial Mortgage Rates, Fees & Info
Greenwood Village, COLEI: 54930068THUS1PO1LX49
Tax ID: 84-1599785
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Mortgage Data
Review & Overview
Dha Financial is a smaller mortgage company specializing in Home Purchase and Refi loans. Dha Financial has a high proportion of conventional loans. Their top markets by origination volume include: Palm Bay, Denver, and Greeley among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Dha Financial 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. Dha Financial 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 relatively high 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 | 7.02% | 4/18/24 |
| 30 Year Conventional Refi | 6.70% | 4/18/24 |
| 30 Year Cash-out Refi | 6.69% | 4/18/24 |
| 30 Year FHA Purchase | 6.27% | 4/18/24 |
| 30 Year VA Purchase | 6.48% | 4/18/24 |
| 30 Year VA Refi | 5.14% | 4/18/24 |
| 15 Year Conventional Refi | 7.17% | 4/18/24 |
| 15 Year Cash-out Refi | 7.17% | 4/18/24 |
| 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. | ||
Dha Financial Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
13Origination Dollar Volume (All Markets)
$5,185,000Relative Rate
Dha Financial's average 30 year fixed mortgage rate was
6.97%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.49%.
Relative Fees (Closing Costs)
Dha Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,534.
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 $9,089.
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 |
|---|---|---|---|---|---|
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 9 | $2,745,000 | $305,000 | $6,610 | 6.94% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $2,035,000 | $678,333 | $9,085 | 6.88% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,633 | 7.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against DHA FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 120
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8 | $3,070,000 | $383,750 | $7,885 | 7.13% |
| VA | 5 | $2,115,000 | $423,000 | $6,658 | 6.63% |
For 2023, Dha Financial's most frequently originated type of loan was Conventional, with 8 originations. Their 2nd most popular type was VA, with 5 originations.
Loan Reason
For 2023, Dha Financial's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 12 | $5,010,000 | $417,500 | $7,534 | 6.97% |
| 15 Year | 1 | $175,000 | $175,000 | $5,972 | 6.50% |
For 2023, Dha Financial's most frequently cited loan duration was 30 Year, with 12 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
Dha Financial's average total fees were $7,534, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 10 | $3,390,000 | $339,000 |
| 7-8% | 2 | $1,480,000 | $740,000 |
| Over 8% | 1 | $315,000 | $315,000 |
During 2023, Dha Financial's average interest rate for loans was 6.97%, while their most frequently originated rate bucket for loans was 6-7%, with 10 originations.
Loan Sizing
2023 saw Dha Financial place emphasis on $200k-400k loans with 7 originations, totaling $2,015,000 in origination value.
Applicant Income
Dha Financial lent most frequently to those with incomes in the $75k-100k range, with 5 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
Dha Financial lent most frequently to those with DTI ratios of 30-36%, with 3 originations. The next most common DTI ratio? 50-60%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.77%
Dha Financial 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-30.77%
Dha Financial has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 13 | $5,185,000 | $398,846 |