Dominion Financial Services Mortgage Rates, Fees & Info
CHEVY CHASE, MDLEI: 549300C8GOC4OYUV0Z32
Tax ID: 75-3021949
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Mortgage Data
Review & Overview
Dominion Financial Services is a smaller mortgage company specializing in Home Purchase and Refi loans. Dominion Financial Services has a high proportion of conventional loans. Their top markets by origination volume include: New York, Baltimore, Washington, Philadelphia, and Jacksonville among others. We have data for 77 markets. (Some data included below & more in-depth data is available with an active subscription.)Dominion Financial Services 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.
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 | 6.27% | 4/21/24 |
| 30 Year Cash-out Refi | 6.27% | 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. | ||
Dominion Financial Services Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
426Origination Dollar Volume (All Markets)
$107,330,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 60 | $18,400,000 | $306,667 | $0 | 9.63% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 44 | $15,640,000 | $355,455 | $0 | 9.82% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 47 | $15,355,000 | $326,702 | $0 | 9.28% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 20 | $4,040,000 | $202,000 | $0 | 9.45% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 29 | $3,845,000 | $132,586 | $0 | 8.28% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $3,770,000 | $942,500 | $0 | 9.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 12 | $3,300,000 | $275,000 | $0 | 10.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 16 | $3,200,000 | $200,000 | $0 | 9.47% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 12 | $3,000,000 | $250,000 | $0 | 9.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 13 | $2,525,000 | $194,231 | $0 | 8.73% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 10.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 10 | $2,450,000 | $245,000 | $0 | 10.10% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 8 | $2,400,000 | $300,000 | $0 | 9.25% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $2,115,000 | $423,000 | $0 | 10.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 10 | $1,910,000 | $191,000 | $0 | 9.15% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $1,840,000 | $460,000 | $0 | 10.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 19 | $1,745,000 | $91,842 | $0 | 10.84% |
| RICHMOND, VA (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $0 | 9.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $1,450,000 | $241,667 | $0 | 8.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $0 | 9.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 6 | $1,030,000 | $171,667 | $0 | 10.33% |
| PUEBLO, CO (FHA|USDA|VA) | 7 | $975,000 | $139,286 | $0 | 9.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $0 | 9.20% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 10.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 10.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 9.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 9.00% |
| YAKIMA, WA (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $0 | 9.75% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 9.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 10.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 9.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 11.33% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 9.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 9.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 10.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 9.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 12.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 4 | $280,000 | $70,000 | $0 | 11.25% |
| DOVER, DE (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 12.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 9.50% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 9.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 10.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 9.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 10.00% |
| Concord, NH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 8.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 10.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 9.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 9.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 11.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 9.00% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.00% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 9.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.00% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 11.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 12.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.00% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 11.00% |
| Marion, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 12.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 12.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 11.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 426 | $107,330,000 | $251,948 | $0 | 9.55% |
For 2018, Dominion Financial Services's most frequently originated type of loan was Conventional, with 426 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 311 | $80,495,000 | $258,826 | $0 | 9.63% |
| Refi | 115 | $26,835,000 | $233,348 | $0 | 9.35% |
For 2018, Dominion Financial Services's most frequently cited loan purpose was Home Purchase, with 311 originations. The 2nd most popular reason was Refi, with 115 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 237 | $48,225,000 | $203,481 | $0 | 9.81% |
| 1 Year | 189 | $59,105,000 | $312,725 | $0 | 9.23% |
For 2018, Dominion Financial Services's most frequently cited loan duration was Other, with 237 originations. The 2nd most popular length was 1 Year, with 189 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 338 | $83,000,000 | $245,562 |
| 7-8% | 88 | $24,330,000 | $276,477 |
During 2018, Dominion Financial Services's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 338 originations.
Loan Sizing
2018 saw Dominion Financial Services place emphasis on $100k-200k loans with 183 originations, totaling $26,365,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Dominion Financial Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination52.11%
Dominion Financial Services 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 | 426 | $107,330,000 | $251,948 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 6 | $11,820,000 | $1,970,000 |
| Single Family (1-4 Units):Site-Built | 420 | $95,510,000 | $227,405 |