Dominion Financial Services Mortgage Rates, Fees & Info
CHEVY CHASE, MDLEI: 549300C8GOC4OYUV0Z32
Tax ID: 75-3021949
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Baltimore, Los Angeles, and New Haven among others. We have data for 126 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. 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 | 6.27% | 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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Dominion Financial Services. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
581Origination Dollar Volume (All Markets)
$161,615,000Top 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) | 30 | $22,300,000 | $743,333 | $0 | 9.14% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 46 | $15,540,000 | $337,826 | $0 | 9.01% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 60 | $15,110,000 | $251,833 | $0 | 8.08% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $9,135,000 | $1,305,000 | $0 | 8.86% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 20 | $6,580,000 | $329,000 | $0 | 8.36% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 34 | $6,540,000 | $192,353 | $0 | 9.43% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 21 | $6,455,000 | $307,381 | $0 | 7.54% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 21 | $5,135,000 | $244,524 | $0 | 8.85% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 23 | $4,735,000 | $205,870 | $0 | 8.47% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $3,850,000 | $1,925,000 | $0 | 9.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 17 | $3,595,000 | $211,471 | $0 | 9.21% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $3,380,000 | $422,500 | $0 | 8.61% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $3,170,000 | $264,167 | $0 | 8.76% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $2,875,000 | $2,875,000 | $0 | 9.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 16 | $2,720,000 | $170,000 | $0 | 7.33% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 6 | $2,470,000 | $411,667 | $0 | 8.48% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 14 | $2,340,000 | $167,143 | $0 | 8.14% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $2,225,000 | $445,000 | $0 | 9.40% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $1,655,000 | $1,655,000 | $0 | 9.00% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $1,565,000 | $1,565,000 | $0 | 9.50% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $1,445,000 | $481,667 | $0 | 6.92% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 7 | $1,325,000 | $189,286 | $0 | 9.71% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $0 | 9.75% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $0 | 8.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $0 | 10.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $0 | 8.83% |
| COLUMBUS, OH (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $0 | 9.80% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $1,015,000 | $145,000 | $0 | 10.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 9.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 9.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 10.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $0 | 9.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $0 | 8.80% |
| OCALA, FL (FHA|USDA|VA) | 8 | $810,000 | $101,250 | $0 | 10.13% |
| MONTGOMERY, AL (FHA|USDA|VA) | 9 | $805,000 | $89,444 | $0 | 10.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 9.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $0 | 9.80% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $0 | 8.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $700,000 | $116,667 | $0 | 10.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $0 | 9.70% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $0 | 9.67% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $0 | 10.33% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 8.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 9.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $0 | 9.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $0 | 8.00% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 10.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 8.67% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 11.00% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 9.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 9.00% |
| GLENS FALLS, NY (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 9.67% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 10.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 7.17% |
| LOUISVILLE, KY (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $0 | 9.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 8.00% |
| Outside of Metro Areas | 2 | $400,000 | $200,000 | $0 | 9.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 10.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 10.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 8.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 8.50% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 9.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 9.33% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 10.00% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 5.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 10.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 9.00% |
| RACINE, WI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 8.75% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 5.95% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 9.67% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 7.80% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 10.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 10.00% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 10.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 10.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $215,000 | $43,000 | $0 | 10.20% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 11.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 10.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 11.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 11.00% |
| Sanford, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 10.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 10.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 10.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 10.00% |
| Forest City, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 10.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 8.50% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 12.00% |
| FARMINGTON, NM (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 11.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 9.00% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 9.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.00% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 5.25% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.00% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 12.50% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.25% |
| Shelton, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 11.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.00% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 10.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 12.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 11.00% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 12.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 581 | $161,615,000 | $278,167 | $0 | 8.91% |
For 2020, Dominion Financial Services's most frequently originated type of loan was Conventional, with 581 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 439 | $128,575,000 | $292,882 | $0 | 9.43% |
| Refi | 142 | $33,040,000 | $232,676 | $0 | 7.29% |
For 2020, Dominion Financial Services's most frequently cited loan purpose was Home Purchase, with 439 originations. The 2nd most popular reason was Refi, with 142 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 309 | $73,435,000 | $237,654 | $0 | 9.47% |
| 1 Year | 189 | $73,325,000 | $387,963 | $0 | 9.44% |
| 30 Year | 83 | $14,855,000 | $178,976 | $0 | 5.63% |
For 2020, Dominion Financial Services's most frequently cited loan duration was Other, with 309 originations. The 2nd most popular length was 1 Year, with 189 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 407 | $124,945,000 | $306,990 |
| 7-8% | 91 | $21,815,000 | $239,725 |
| 5-6% | 49 | $9,455,000 | $192,959 |
| 6-7% | 19 | $3,205,000 | $168,684 |
| 4-5% | 15 | $2,195,000 | $146,333 |
During 2020, Dominion Financial Services's average interest rate for loans was 5.63%, while their most frequently originated rate bucket for loans was Over 8%, with 407 originations.
Loan Sizing
2020 saw Dominion Financial Services place emphasis on $100k-200k loans with 262 originations, totaling $37,800,000 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 origination30.64%
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 | 581 | $161,615,000 | $278,167 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 21 | $35,085,000 | $1,670,714 |
| Single Family (1-4 Units):Site-Built | 560 | $126,530,000 | $225,946 |