Data Mortgage Rates, Fees & Info
Sacramento, CALEI: 5493008E4KBJCB6UKR64
Tax ID: 33-0175937
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Mortgage Data
Overview
Data Mortgage is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Data Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Los Angeles, Las Vegas, Riverside, Sacramento, and San Diego among others. Data Mortgage has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Data Mortgage is typically a high fee lendor.Originations
2,602Origination Dollar Volume (All Markets)
$856,880,000Relative Rate
Data Mortgage 's average 30 year fixed rate mortgage of loans were
3.19%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.04%.
Relative Fees
Data Mortgage 's average total fees for a 30 year fixed rate
mortgage are $6,637.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 569 | $276,945,000 | $486,722 | $6,582 | 3.16% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 691 | $185,705,000 | $268,748 | $5,805 | 3.29% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 210 | $77,340,000 | $368,286 | $6,615 | 3.10% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 201 | $67,065,000 | $333,657 | $6,331 | 3.23% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 61 | $25,435,000 | $416,967 | $5,663 | 3.36% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 56 | $16,790,000 | $299,821 | $4,479 | 3.40% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 39 | $15,575,000 | $399,359 | $5,474 | 3.15% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 70 | $14,690,000 | $209,857 | $5,180 | 3.32% |
| Outside of Metro Areas | 57 | $11,805,000 | $207,105 | $5,487 | 3.29% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 15 | $9,605,000 | $640,333 | $13,392 | 2.80% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 36 | $9,460,000 | $262,778 | $5,508 | 3.05% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 12 | $7,630,000 | $635,833 | $7,979 | 3.18% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 36 | $7,010,000 | $194,722 | $6,281 | 3.43% |
| YUBA CITY, CA (FHA|USDA|VA) | 22 | $6,600,000 | $300,000 | $8,597 | 2.87% |
| PROVO-OREM, UT (FHA|USDA|VA) | 20 | $5,330,000 | $266,500 | $5,516 | 3.40% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 18 | $5,090,000 | $282,778 | $6,890 | 3.72% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 20 | $4,860,000 | $243,000 | $5,286 | 4.05% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 15 | $3,995,000 | $266,333 | $6,262 | 3.32% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 10 | $3,540,000 | $354,000 | $7,871 | 3.05% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 9 | $3,315,000 | $368,333 | $8,372 | 3.22% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 16 | $3,260,000 | $203,750 | $6,640 | 3.95% |
| MODESTO, CA (FHA|USDA|VA) | 14 | $3,230,000 | $230,714 | $6,855 | 3.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 16 | $3,150,000 | $196,875 | $5,573 | 3.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $3,055,000 | $277,727 | $6,183 | 3.19% |
| STOCKTON, CA (FHA|USDA|VA) | 9 | $2,985,000 | $331,667 | $5,568 | 3.10% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 20 | $2,980,000 | $149,000 | $4,781 | 2.49% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 16 | $2,750,000 | $171,875 | $7,330 | 3.00% |
| VALLEJO, CA (FHA|USDA|VA) | 7 | $2,705,000 | $386,429 | $9,047 | 3.21% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $2,605,000 | $372,143 | $3,945 | 2.88% |
| FRESNO, CA (FHA|USDA|VA) | 13 | $2,595,000 | $199,615 | $5,095 | 2.62% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $2,385,000 | $340,714 | $4,538 | 2.72% |
| ST. CLOUD, MN (FHA|USDA|VA) | 12 | $2,380,000 | $198,333 | $4,721 | 3.47% |
| TUCSON, AZ (FHA|USDA|VA) | 9 | $2,245,000 | $249,444 | $6,009 | 3.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 9 | $2,225,000 | $247,222 | $4,358 | 3.72% |
| BOISE CITY, ID (FHA|USDA|VA) | 4 | $2,080,000 | $520,000 | $5,518 | 2.84% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 15 | $2,005,000 | $133,667 | $4,636 | 2.98% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $1,960,000 | $326,667 | $6,339 | 3.04% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 5 | $1,935,000 | $387,000 | $6,773 | 3.02% |
| COLUMBIA, SC (FHA|USDA|VA) | 9 | $1,795,000 | $199,444 | $5,232 | 4.06% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $10,883 | 3.20% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 12 | $1,760,000 | $146,667 | $4,640 | 4.68% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $1,675,000 | $558,333 | $3,375 | 3.13% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,545,000 | $515,000 | $11,624 | 3.29% |
| OCALA, FL (FHA|USDA|VA) | 9 | $1,395,000 | $155,000 | $4,730 | 2.97% |
| Pahrump, NV (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $7,538 | 3.31% |
| YUMA, AZ (FHA|USDA|VA) | 8 | $1,250,000 | $156,250 | $4,208 | 2.84% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 5 | $1,235,000 | $247,000 | $4,274 | 3.28% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $10,650 | 3.97% |
| CHICO, CA (FHA|USDA|VA) | 6 | $1,150,000 | $191,667 | $7,314 | 2.92% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $10,180 | 3.38% |
| Clearlake, CA (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $6,160 | 2.67% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $5,601 | 2.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $5,875 | 3.42% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $5,681 | 3.40% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $3,816 | 4.17% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $6,233 | 3.38% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $4,148 | 3.50% |
| RENO, NV (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $7,265 | 3.08% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $12,621 | 3.19% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $3,578 | 3.66% |
| Kalispell, MT (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $5,138 | 3.25% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,539 | 3.50% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $6,986 | 2.42% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $18,302 | 3.69% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $3,966 | 2.33% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 6 | $600,000 | $100,000 | $3,607 | 1.69% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $3,485 | 2.96% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $8,978 | 4.99% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $11,336 | 3.38% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $2,882 | 4.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,862 | 3.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,008 | 3.63% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,769 | 2.78% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,384 | 3.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $7,937 | 1.94% |
| Elko, NV (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,235 | 3.06% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,021 | 3.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,584 | 2.59% |
| ODESSA, TX (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $4,676 | 3.66% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $21,338 | 3.63% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,402 | 3.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,089 | 3.13% |
| CORVALLIS, OR (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,803 | 4.81% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,497 | 3.06% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 2.05% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,497 | 5.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $6,304 | 3.31% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,949 | 2.88% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $105 | 2.57% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,776 | 3.25% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,833 | 2.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,385 | 3.00% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,009 | 3.38% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,705 | 3.63% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,178 | 2.88% |
| Outside of Metro Areas | 1 | $275,000 | $275,000 | $3,792 | 2.63% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,777 | 3.25% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,841 | 3.25% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,177 | 3.50% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,820 | 4.00% |
| Fernley, NV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,392 | 3.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,856 | 2.31% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,382 | 2.88% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,399 | 3.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,667 | 2.25% |
| Heber, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.32% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,273 | 2.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,823 | 4.38% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,168 | 4.75% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 2.95% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,538 | 3.38% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,581 | 1.63% |
| SALEM, OR (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,837 | 2.97% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,686 | 4.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,409 | 2.88% |
| MERCED, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,915 | 2.88% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,020 | 2.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,218 | 3.38% |
| Wilson, NC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,411 | 4.88% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,371 | 2.00% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,646 | 3.63% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,124 | 2.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,178 | 4.38% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,909 | 4.63% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.06% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 2.95% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,030 | 4.88% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,413 | 3.63% |
| Klamath Falls, OR (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $4,043 | 4.63% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,595 | 3.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,125 | 3.63% |
| WACO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,766 | 3.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.07% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,924 | 2.50% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,520 | 2.88% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,788 | 1.75% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.09% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,120 | 2.50% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,099 | 3.63% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.10% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,672 | 2.88% |
| GREAT FALLS, MT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,682 | 3.25% |
Data Mortgage 's top markets include Los Angeles, Las Vegas, Riverside, Sacramento, and San Diego among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,939 | $641,485,000 | $330,833 | $4,738 | 3.20% |
| FHA | 512 | $151,250,000 | $295,410 | $10,954 | 3.48% |
| VA | 139 | $61,875,000 | $445,144 | $9,591 | 2.80% |
| USDA | 12 | $2,270,000 | $189,167 | $6,168 | 3.25% |
For the 2021 period, Data Mortgage 's most frequently originated loan type of loans were Conventional, with 1,939 originations. Their 2nd most popular type is FHA, with 512 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,352 | $428,060,000 | $316,612 | $7,015 | 3.35% |
| Refi | 727 | $245,945,000 | $338,301 | $4,636 | 2.99% |
| Cash Out Refi | 522 | $182,870,000 | $350,326 | $5,696 | 3.26% |
| Other | 1 | $5,000 | $5,000 | $250 | 6.00% |
For the 2021, Data Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 1,352 originations. The 2nd most popular reason of loans were Refi, with 727 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 2,203 | $778,795,000 | $353,516 | $6,637 | 3.19% |
| 15 Year | 125 | $33,825,000 | $270,600 | $4,013 | 2.57% |
| 10 Year | 110 | $2,790,000 | $25,364 | $429 | 5.71% |
| Other | 99 | $22,325,000 | $225,505 | $2,583 | 2.46% |
| 20 Year | 65 | $19,145,000 | $294,538 | $3,917 | 2.89% |
For the 2021, Data Mortgage 's most frequently cited loan length of loans were 30 Year, with 2,203 originations. The 2nd most popular length of loans were 15 Year, with 125 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,118 | $393,720,000 | $352,165 |
| $<1k | 367 | $64,395,000 | $175,463 |
| $3k-4k | 359 | $121,055,000 | $337,201 |
| $5k+ | 348 | $161,450,000 | $463,937 |
| $2k-3k | 344 | $101,680,000 | $295,581 |
$6,637 of loans were Data Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,118 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,337 | $480,545,000 | $359,420 |
| 2.5-3% | 681 | $246,515,000 | $361,990 |
| <2.5% | 291 | $63,405,000 | $217,887 |
| 4-5% | 188 | $61,700,000 | $328,191 |
| 5-6% | 90 | $4,310,000 | $47,889 |
| 6-7% | 15 | $405,000 | $27,000 |
During 2021, Data Mortgage 's average interest rate of loans were 3.19%, while their most frequently originated rate bucket of loans were 3-4%, with 1,337 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,268 | $373,330,000 | $294,424 | $6,419 | 3.30% |
| $400k-600k | 575 | $277,345,000 | $482,339 | $7,057 | 3.19% |
| $100k-200k | 330 | $51,950,000 | $157,424 | $4,622 | 3.27% |
| $100,000 or less | 240 | $4,650,000 | $19,375 | $442 | 2.92% |
| $600k-1MM | 163 | $118,855,000 | $729,172 | $9,910 | 3.22% |
| $1MM+ | 26 | $30,750,000 | $1,182,692 | $15,714 | 3.57% |
2021 saw Data Mortgage place emphasis on $200k-400k loans with 1,268 originations, totaling $373,330,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 629 | $153,725,000 | $244,396 | $5,970 | 3.22% |
| $100k-150k | 570 | $219,130,000 | $384,439 | $6,392 | 3.27% |
| $75k-100k | 481 | $143,925,000 | $299,220 | $6,093 | 3.32% |
| $50k or less | 438 | $99,950,000 | $228,196 | $5,387 | 3.16% |
| $150k-250k | 323 | $155,475,000 | $481,347 | $6,111 | 3.19% |
| $250k+ | 133 | $74,295,000 | $558,609 | $7,665 | 3.26% |
Data Mortgage lent most frequently to those with incomes in the $50k-75k range, with 629 originations. The second most popular income band? $100k-150k, with 570 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 372 | $131,020,000 | $352,204 | $6,043 | 3.17% |
| 20-30% | 356 | $110,370,000 | $310,028 | $4,584 | 3.13% |
| <20% | 221 | $32,275,000 | $146,041 | $1,922 | 2.93% |
| 50-60% | 196 | $61,570,000 | $314,133 | $10,850 | 3.42% |
| 49% | 138 | $49,420,000 | $358,116 | $7,399 | 3.36% |
| 44% | 129 | $43,485,000 | $337,093 | $6,414 | 3.34% |
| 42% | 106 | $40,240,000 | $379,623 | $6,433 | 3.36% |
| 47% | 102 | $34,160,000 | $334,902 | $6,388 | 3.33% |
| 46% | 95 | $34,035,000 | $358,263 | $7,038 | 3.22% |
| 41% | 95 | $35,845,000 | $377,316 | $6,254 | 3.22% |
| 45% | 94 | $32,030,000 | $340,745 | $6,498 | 3.50% |
| 48% | 93 | $37,465,000 | $402,849 | $7,619 | 3.31% |
| 43% | 90 | $31,020,000 | $344,667 | $6,595 | 3.36% |
| >60% | 83 | $30,105,000 | $362,711 | $6,175 | 2.83% |
| 40% | 83 | $31,795,000 | $383,072 | $5,451 | 3.24% |
| 39% | 81 | $29,295,000 | $361,667 | $6,718 | 3.44% |
| 36% | 81 | $28,035,000 | $346,111 | $5,809 | 3.24% |
| 38% | 81 | $25,845,000 | $319,074 | $6,176 | 3.51% |
| 37% | 70 | $26,290,000 | $375,571 | $6,160 | 3.42% |
Data Mortgage lent most frequently to those with DTI ratios of 30-36%, with 372 originations. The next most common DTI ratio? 20-30%, with 356 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,975 | $644,905,000 | $326,534 | $6,004 | 3.23% |
| Not provided | 230 | $79,600,000 | $346,087 | $6,488 | 3.11% |
| Asian | 170 | $73,590,000 | $432,882 | $6,299 | 3.27% |
| Black | 171 | $43,195,000 | $252,602 | $6,416 | 3.29% |
| Not applicable | 24 | $6,100,000 | $254,167 | $7,654 | 3.64% |
| American Indian | 21 | $5,685,000 | $270,714 | $6,716 | 3.60% |
| Native Hawaiian | 11 | $3,805,000 | $345,909 | $7,036 | 3.39% |
Approval Rates
Total approvals of all applications94.80%
Data Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination89.56%
Data Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,602 | $856,880,000 | $329,316 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,602 | $856,880,000 | $329,316 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 153 | $42,505,000 | $277,810 | $4,582 | 3.02% |
| 40-60% | 443 | $150,635,000 | $340,034 | $4,633 | 3.00% |
| 60-80% | 744 | $285,610,000 | $383,884 | $5,622 | 3.28% |
| 80-100% | 993 | $356,955,000 | $359,471 | $8,394 | 3.43% |
| Over 100% | 20 | $9,390,000 | $469,500 | $16,769 | 3.11% |
| Under 20% | 231 | $5,255,000 | $22,749 | $361 | 2.90% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Data Mortgage Inc. | Conventional home mortgage | Struggling to pay mortgage | 1 | 9.1% |
| Data Mortgage Inc. | Conventional home mortgage | Trouble during payment process | 1 | 9.1% |
| Data Mortgage Inc. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| Data Mortgage Inc. | FHA mortgage | Closing on a mortgage | 1 | 9.1% |
| Data Mortgage Inc. | FHA mortgage | Incorrect information on your report | 1 | 9.1% |
| Data Mortgage Inc. | FHA mortgage | Struggling to pay mortgage | 4 | 36.4% |
| Data Mortgage Inc. | FHA mortgage | Trouble during payment process | 2 | 18.2% |
