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: Washington, New York, Chicago, Baltimore, and Atlanta among others. We have data for 113 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
615Origination Dollar Volume (All Markets)
$164,855,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 64 | $31,760,000 | $496,250 | $0 | 8.57% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 52 | $15,740,000 | $302,692 | $0 | 9.03% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 59 | $12,125,000 | $205,508 | $0 | 8.73% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 36 | $10,970,000 | $304,722 | $0 | 9.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 24 | $6,250,000 | $260,417 | $0 | 8.56% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 28 | $5,750,000 | $205,357 | $0 | 8.52% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 9 | $5,265,000 | $585,000 | $0 | 8.44% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 12 | $4,340,000 | $361,667 | $0 | 7.33% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $4,305,000 | $1,435,000 | $0 | 8.46% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 15 | $3,835,000 | $255,667 | $0 | 8.97% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 19 | $3,775,000 | $198,684 | $0 | 8.29% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 6 | $3,610,000 | $601,667 | $0 | 8.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 16 | $3,100,000 | $193,750 | $0 | 8.69% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $3,095,000 | $281,364 | $0 | 9.05% |
| ANN ARBOR, MI (FHA|USDA|VA) | 11 | $2,955,000 | $268,636 | $0 | 8.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 9 | $1,985,000 | $220,556 | $0 | 8.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 11 | $1,725,000 | $156,818 | $0 | 8.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,695,000 | $565,000 | $0 | 7.67% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $1,685,000 | $1,685,000 | $0 | 8.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 4 | $1,660,000 | $415,000 | $0 | 9.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $1,650,000 | $275,000 | $0 | 8.33% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 9 | $1,595,000 | $177,222 | $0 | 10.89% |
| JACKSON, MI (FHA|USDA|VA) | 8 | $1,550,000 | $193,750 | $0 | 8.00% |
| Outside of Metro Areas | 7 | $1,415,000 | $202,143 | $0 | 8.86% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $0 | 9.17% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $0 | 8.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $0 | 9.08% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $0 | 8.08% |
| SALEM, OR (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $0 | 9.50% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 6 | $950,000 | $158,333 | $0 | 8.00% |
| PUEBLO, CO (FHA|USDA|VA) | 8 | $850,000 | $106,250 | $0 | 9.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $0 | 11.20% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 8 | $800,000 | $100,000 | $0 | 8.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 8.50% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $775,000 | $155,000 | $0 | 10.20% |
| MONTGOMERY, AL (FHA|USDA|VA) | 10 | $730,000 | $73,000 | $0 | 8.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $0 | 8.67% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $0 | 8.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $0 | 8.33% |
| SAVANNAH, GA (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $0 | 8.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 6 | $630,000 | $105,000 | $0 | 8.83% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 9.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 9.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 9.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 8.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 10.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 10.83% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 9.17% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 9.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 9.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 9.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 11.67% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $0 | 9.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 8.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 9.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 8.33% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 9.00% |
| Seneca, SC (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 8.00% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 8.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 8.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 8.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 9.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 8.50% |
| Edwards, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 9.00% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 8.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 8.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 8.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 10.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 9.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 9.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 8.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 8.00% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 8.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 9.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 8.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 12.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 11.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.50% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.50% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 9.00% |
| GOLDSBORO, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 8.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 10.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 11.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 9.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.00% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.00% |
| Sanford, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 9.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.00% |
| Bennington, VT (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.00% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 12.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.50% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| ERIE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.50% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.00% |
| Athens, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 11.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 615 | $164,855,000 | $268,057 | $0 | 8.74% |
For 2019, Dominion Financial Services's most frequently originated type of loan was Conventional, with 615 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 492 | $127,440,000 | $259,024 | $0 | 8.87% |
| Refi | 123 | $37,415,000 | $304,187 | $0 | 8.23% |
For 2019, Dominion Financial Services's most frequently cited loan purpose was Home Purchase, with 492 originations. The 2nd most popular reason was Refi, with 123 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 327 | $72,485,000 | $221,667 | $0 | 8.91% |
| 1 Year | 273 | $88,605,000 | $324,560 | $0 | 8.71% |
| 30+ year | 15 | $3,765,000 | $251,000 | $0 | 5.68% |
For 2019, Dominion Financial Services's most frequently cited loan duration was Other, with 327 originations. The 2nd most popular length was 1 Year, with 273 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 321 | $79,745,000 | $248,427 |
| 7-8% | 278 | $81,040,000 | $291,511 |
| 5-6% | 15 | $3,765,000 | $251,000 |
| 6-7% | 1 | $305,000 | $305,000 |
During 2019, 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 321 originations.
Loan Sizing
2019 saw Dominion Financial Services place emphasis on $100k-200k loans with 269 originations, totaling $40,165,000 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 origination55.12%
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 | 615 | $164,855,000 | $268,057 |