Data Mortgage Rates, Fees & Info
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Mortgage Data
Review & Overview
Data Mortgage is a smaller mortgage company specializing in Home Purchase loans. Data Mortgage 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: Las Vegas, Los Angeles, Riverside, Phoenix, and Minneapolis among others. We have data for 55 markets. (Some data included below & more in-depth data is available with an active subscription.)Data Mortgage 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. Data Mortgage 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 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.
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 | 6.55% | 11/17/24 |
| 30 Year Conventional Refi | 6.62% | 11/17/24 |
| 30 Year Cash-out Refi | 6.87% | 11/17/24 |
| 30 Year FHA Purchase | 7.86% | 11/17/24 |
| 30 Year FHA Refi | 7.11% | 11/17/24 |
| 30 Year VA Purchase | 6.55% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 7.11% | 11/17/24 |
| 15 Year Conventional Purchase | 6.65% | 11/17/24 |
| 15 Year Conventional Refi | 6.27% | 11/17/24 |
| 15 Year Cash-out Refi | 6.27% | 11/17/24 |
| 15 Year FHA Purchase | 8.62% | 11/17/24 |
| 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. | ||
Data Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from Data Mortgage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
371Origination Dollar Volume (All Markets)
$133,315,000Relative Rate
Data Mortgage's average 30 year fixed mortgage rate was
6.94%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.46%.
Relative Fees (Closing Costs)
Data Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,322.
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 |
|---|---|---|---|---|---|
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 104 | $33,640,000 | $323,462 | $10,533 | 7.01% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 51 | $31,145,000 | $610,686 | $13,648 | 7.02% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 27 | $11,115,000 | $411,667 | $10,953 | 6.80% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 29 | $9,355,000 | $322,586 | $9,934 | 6.92% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 23 | $6,455,000 | $280,652 | $8,719 | 7.43% |
| RENO, NV (FHA|USDA|VA) | 14 | $6,150,000 | $439,286 | $12,877 | 7.12% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 12 | $5,520,000 | $460,000 | $9,691 | 7.10% |
| Outside of Metro Areas | 23 | $4,915,000 | $213,696 | $8,496 | 7.47% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $2,845,000 | $569,000 | $20,789 | 6.60% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 10 | $2,740,000 | $274,000 | $9,253 | 6.96% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $6,094 | 6.98% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $17,185 | 6.56% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $12,124 | 7.58% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $12,804 | 6.88% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $7,130 | 6.31% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $8,020 | 6.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $4,200 | 7.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $8,071 | 8.37% |
| Pahrump, NV (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $7,935 | 6.79% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $10,375 | 7.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $3,566 | 6.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $4,771 | 6.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $17,198 | 7.24% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $12,702 | 6.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $8,872 | 6.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $6,091 | 7.41% |
| ST. CLOUD, MN (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $10,389 | 6.69% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,149 | 7.44% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $13,747 | 7.25% |
| BEND, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $13,731 | 8.88% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $10,313 | 6.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $9,430 | 6.69% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,969 | 5.75% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $16,906 | 6.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,986 | 7.13% |
| New Castle, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,858 | 6.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,881 | 8.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,297 | 7.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,616 | 6.13% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,972 | 8.50% |
| Fernley, NV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,503 | 6.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,609 | 7.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,940 | 6.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,288 | 6.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,779 | 6.50% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,080 | 7.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $12,246 | 6.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,484 | 6.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,597 | 6.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,272 | 6.13% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $7,966 | 6.63% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,225 | 6.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.41% |
Similar Lenders
We use machine learning to identify the top lenders compared against DATA MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 24
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Similarity Rank: 225
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Product Mix
For 2023, Data Mortgage's most frequently originated type of loan was Conventional, with 260 originations. Their 2nd most popular type was FHA, with 81 originations.
Loan Reason
For 2023, Data Mortgage's most frequently cited loan purpose was Home Purchase, with 327 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.
Loan Duration/Length
For 2023, Data Mortgage's most frequently cited loan duration was 30 Year, with 331 originations. The 2nd most popular length was 10 Year, with 18 originations.
Origination Fees/Closing Costs
Data Mortgage's average total fees were $11,322, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 182 originations.
Interest Rates
During 2023, Data Mortgage's average interest rate for loans was 6.94%, while their most frequently originated rate bucket for loans was 6-7%, with 185 originations.
Loan Sizing
2023 saw Data Mortgage place emphasis on $200k-400k loans with 166 originations, totaling $49,080,000 in origination value.
Applicant Income
Data Mortgage lent most frequently to those with incomes in the $150k-250k range, with 92 originations. The second most popular income band? $100k-150k, with 81 originations.
Applicant Debt to Income Ratio
Data Mortgage lent most frequently to those with DTI ratios of 50-60%, with 50 originations. The next most common DTI ratio? 30-36%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.57%
Data Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination70.35%
Data Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 371 | $133,315,000 | $359,340 |