Integrity Mortgage & Financial Incorporated Rates, Fees & Info

Peyton, CO

LEI: 549300EE4TIFHU1Z3G10

Tax ID: 11-3654547

5 stars - out of 5 stars, based on 19 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Integrity Mortgage & Financial Incorporated is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Integrity Mortgage & Financial Incorporated has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Colorado Springs, Denver, Pueblo, Cañon City, and Grand Junction among others. Integrity Mortgage & Financial Incorporated has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Integrity Mortgage & Financial Incorporated is typically an average fee lendor.


Originations

358

Origination Dollar Volume (All Markets)

$113,310,000

Relative Rate

Integrity Mortgage & Financial Incorporated's average 30 year fixed rate mortgage of loans were 3.02%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.13%.

Relative Fees

Integrity Mortgage & Financial Incorporated's average total fees for a 30 year fixed rate mortgage are $5,134.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
COLORADO SPRINGS, CO (FHA|USDA|VA) 295 $94,405,000 $320,017 $4,901 2.96%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 18 $6,860,000 $381,111 $6,178 2.74%
PUEBLO, CO (FHA|USDA|VA) 13 $3,555,000 $273,462 $5,273 2.98%
Outside of Metro Areas 10 $2,470,000 $247,000 $4,068 3.01%
Cañon City, CO (FHA|USDA|VA) 9 $2,325,000 $258,333 $5,192 3.00%
GRAND JUNCTION, CO (FHA|USDA|VA) 4 $920,000 $230,000 $4,232 2.91%
GREELEY, CO (FHA|USDA|VA) 1 $465,000 $465,000 $3,054 2.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $460,000 $230,000 $4,044 2.50%
Breckenridge, CO (FHA|USDA|VA) 1 $435,000 $435,000 $2,496 2.88%
Glenwood Springs, CO (FHA|USDA|VA) 1 $345,000 $345,000 $3,139 3.25%
Fort Morgan, CO (FHA|USDA|VA) 1 $345,000 $345,000 $3,439 3.25%
Durango, CO (FHA|USDA|VA) 1 $305,000 $305,000 $5,272 3.63%
Montrose, CO (FHA|USDA|VA) 1 $255,000 $255,000 $5,819 3.25%
Craig, CO (FHA|USDA|VA) 1 $165,000 $165,000 $2,770 2.63%

Integrity Mortgage & Financial Incorporated's top markets include Colorado Springs, Denver, Pueblo, Cañon City, and Grand Junction among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 272 $81,020,000 $297,868 $3,932 3.00%
VA 66 $25,960,000 $393,333 $7,649 2.74%
FHA 19 $6,025,000 $317,105 $9,534 2.91%
USDA 1 $305,000 $305,000 $7,658 3.25%

For the 2021 period, Integrity Mortgage & Financial Incorporated's most frequently originated loan type of loans were Conventional, with 272 originations. Their 2nd most popular type is VA, with 66 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 142 $40,470,000 $285,000 $5,026 3.05%
Home Purchase 116 $43,780,000 $377,414 $5,909 3.01%
Refi 100 $29,060,000 $290,600 $3,637 2.74%

For the 2021, Integrity Mortgage & Financial Incorporated's most frequently cited loan purpose of loans were Cash Out Refi, with 142 originations. The 2nd most popular reason of loans were Home Purchase, with 116 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 313 $102,555,000 $327,652 $5,134 3.02%
15 Year 26 $5,950,000 $228,846 $3,587 2.30%
20 Year 11 $3,175,000 $288,636 $3,454 2.67%
Other 5 $945,000 $189,000 $3,064 3.05%
10 Year 3 $685,000 $228,333 $3,595 2.29%

For the 2021, Integrity Mortgage & Financial Incorporated's most frequently cited loan length of loans were 30 Year, with 313 originations. The 2nd most popular length of loans were 15 Year, with 26 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 208 $62,780,000 $301,827
$2k-3k 75 $24,945,000 $332,600
$3k-4k 48 $15,860,000 $330,417
$5k+ 26 $9,670,000 $371,923
$<1k 1 $55,000 $55,000

$5,134 of loans were Integrity Mortgage & Financial Incorporated's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 208 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 173 $56,605,000 $327,197
3-4% 124 $38,900,000 $313,710
<2.5% 56 $16,720,000 $298,571
4-5% 5 $1,085,000 $217,000

During 2021, Integrity Mortgage & Financial Incorporated's average interest rate of loans were 3.02%, while their most frequently originated rate bucket of loans were 2.5-3%, with 173 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 220 $65,450,000 $297,500 $4,974 2.96%
$400k-600k 68 $32,220,000 $473,824 $5,666 2.93%
$100k-200k 59 $9,565,000 $162,119 $3,378 2.91%
$600k-1MM 9 $5,935,000 $659,444 $9,059 2.92%
$100,000 or less 2 $140,000 $70,000 $1,800 3.88%

2021 saw Integrity Mortgage & Financial Incorporated place emphasis on $200k-400k loans with 220 originations, totaling $65,450,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 92 $24,530,000 $266,630 $4,754 2.93%
$75k-100k 79 $26,455,000 $334,873 $5,474 3.07%
$100k-150k 74 $25,770,000 $348,243 $4,979 2.95%
$50k or less 71 $18,105,000 $255,000 $4,354 2.88%
$150k-250k 38 $16,990,000 $447,105 $5,354 2.90%
$250k+ 3 $1,015,000 $338,333 $3,773 2.88%

Integrity Mortgage & Financial Incorporated lent most frequently to those with incomes in the $50k-75k range, with 92 originations. The second most popular income band? $75k-100k, with 79 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 60 $19,280,000 $321,333 $4,525 2.95%
20-30% 59 $17,175,000 $291,102 $4,390 2.80%
44% 26 $6,840,000 $263,077 $5,288 3.06%
39% 22 $5,850,000 $265,909 $4,134 3.10%
<20% 16 $4,130,000 $258,125 $3,587 2.62%
46% 16 $5,320,000 $332,500 $7,433 2.92%
40% 16 $5,420,000 $338,750 $4,188 2.97%
36% 15 $4,825,000 $321,667 $3,423 3.18%
49% 15 $4,835,000 $322,333 $7,100 2.92%
42% 14 $5,150,000 $367,857 $4,384 3.01%
43% 14 $4,420,000 $315,714 $4,820 3.13%
41% 13 $5,175,000 $398,077 $4,998 3.26%
37% 12 $4,320,000 $360,000 $6,208 3.00%
50-60% 10 $4,410,000 $441,000 $11,144 2.91%
47% 10 $2,620,000 $262,000 $4,015 2.90%
48% 9 $2,995,000 $332,778 $4,890 3.38%
38% 8 $2,790,000 $348,750 $4,428 2.95%
45% 8 $2,680,000 $335,000 $5,418 2.98%
>60% 1 $265,000 $265,000 $4,316 3.25%

Integrity Mortgage & Financial Incorporated lent most frequently to those with DTI ratios of 30-36%, with 60 originations. The next most common DTI ratio? 20-30%, with 59 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 305 $94,375,000 $309,426 $4,600 2.96%
Not provided 41 $15,205,000 $370,854 $6,779 2.88%
Black 8 $2,460,000 $307,500 $7,550 2.95%
Asian 3 $915,000 $305,000 $6,091 2.71%
American Indian 1 $355,000 $355,000 $4,024 2.75%

Approval Rates

Total approvals of all applications
96.37%

Integrity Mortgage & Financial Incorporated has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
66.88%

Integrity Mortgage & Financial Incorporated 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
5286.69 1 $345,000 $345,000
NA 357 $112,965,000 $316,429

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
358 $113,310,000 $316,508

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 16 $2,610,000 $163,125 $2,870 2.89%
40-60% 69 $16,645,000 $241,232 $3,499 2.74%
60-80% 141 $44,945,000 $318,759 $4,758 3.08%
80-100% 117 $44,115,000 $377,051 $5,872 2.95%
Over 100% 4 $1,800,000 $450,000 $19,436 2.81%
Under 20% 1 $55,000 $55,000 $940 5.00%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
INTEGRITY CREDIT CORPORATION Conventional home mortgage Closing on a mortgage 1 100.0%