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, 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 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
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This is not an official calculator from Dominion Financial Services. 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
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 |