Velocio Mortgage Rates, Fees & Info
HOUSTON, TXLEI: 549300OQMU3ID8QA6M46
Tax ID: 81-3467488
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Mortgage Data
Review & Overview
Velocio Mortgage is a smaller mortgage company specializing in Home Purchase loans. Velocio Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Austin, Dallas, San Antonio, Houston, and Phoenix among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)Velocio Mortgage 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. Velocio Mortgage is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.54% | 12/2/24 |
| 30 Year Conventional Refi | 6.55% | 12/2/24 |
| 30 Year Cash-out Refi | 7.00% | 12/2/24 |
| 30 Year FHA Purchase | 7.10% | 12/2/24 |
| 30 Year FHA Refi | 6.27% | 12/2/24 |
| 30 Year VA Purchase | 6.06% | 12/2/24 |
| 30 Year USDA Purchase | 6.27% | 12/2/24 |
| 15 Year Conventional Purchase | 5.89% | 12/2/24 |
| 15 Year VA Purchase | 6.29% | 12/2/24 |
| 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. | ||
Velocio Mortgage Mortgage Calculator
Your Estimates
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This is not an official calculator from Velocio Mortgage. 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
3,171Origination Dollar Volume (All Markets)
$976,645,000Top 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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 614 | $184,790,000 | $300,961 | $9,976 | 2.98% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 560 | $160,630,000 | $286,839 | $10,392 | 3.10% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 493 | $145,685,000 | $295,507 | $9,140 | 2.97% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 524 | $144,400,000 | $275,573 | $9,731 | 2.95% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 367 | $137,445,000 | $374,510 | $9,489 | 3.04% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 246 | $76,930,000 | $312,724 | $8,556 | 3.16% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 138 | $47,000,000 | $340,580 | $10,891 | 3.06% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 101 | $44,835,000 | $443,911 | $9,043 | 3.07% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 64 | $16,190,000 | $252,969 | $9,452 | 3.24% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 27 | $6,805,000 | $252,037 | $9,063 | 3.15% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 9 | $4,455,000 | $495,000 | $10,219 | 2.85% |
| Outside of Metro Areas | 9 | $2,375,000 | $263,889 | $8,132 | 3.17% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $9,011 | 3.04% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $9,836 | 2.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $7,150 | 2.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,596 | 2.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,655 | 3.38% |
| Granbury, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,333 | 2.88% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.38% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $10,180 | 3.25% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.38% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,716 | 2.13% |
| Washington, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,905 | 3.25% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,077 | 2.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,912 | 2.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.88% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against VELOCIO MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2021, Velocio Mortgage's most frequently originated type of loan was Conventional, with 2,063 originations. Their 2nd most popular type was FHA, with 734 originations.
Loan Reason
For 2021, Velocio Mortgage's most frequently cited loan purpose was Home Purchase, with 3,099 originations. The 2nd most popular reason was Refi, with 52 originations.
Loan Duration/Length
For 2021, Velocio Mortgage's most frequently cited loan duration was 30 Year, with 3,003 originations. The 2nd most popular length was 15 Year, with 124 originations.
Origination Fees/Closing Costs
Velocio Mortgage's average total fees were $9,763, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 957 originations.
Interest Rates
During 2021, Velocio Mortgage's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 3-4%, with 1,657 originations.
Loan Sizing
2021 saw Velocio Mortgage place emphasis on $200k-400k loans with 2,316 originations, totaling $666,900,000 in origination value.
Applicant Income
Velocio Mortgage lent most frequently to those with incomes in the $100k-150k range, with 849 originations. The second most popular income band? $50k-75k, with 817 originations.
Applicant Debt to Income Ratio
Velocio Mortgage lent most frequently to those with DTI ratios of 20-30%, with 509 originations. The next most common DTI ratio? 30-36%, with 493 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.90%
Velocio Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination73.42%
Velocio Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,171 | $976,645,000 | $307,993 |