V.i.p. Mortgage Rates, Fees & Info

SCOTTSDALE, AZ

LEI: 549300PC4MFWQBNVKG88

Tax ID: 42-1720343

3.1 stars - Updated: 5/20/24 - out of 5 stars, based on 80 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

V.i.p. Mortgage is a small mortgage company specializing in Home Purchase loans. V.i.p. Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Phoenix, Denver, Tucson, Hilo, and San Antonio among others. We have data for 256 markets. (Some data included below & more in-depth data is available with an active subscription.)

V.i.p. 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. V.i.p. 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 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 6.79% 5/20/24
30 Year Conventional Refi 6.62% 5/20/24
30 Year Cash-out Refi 6.86% 5/20/24
30 Year FHA Purchase 7.59% 5/20/24
30 Year FHA Refi 7.10% 5/20/24
30 Year VA Purchase 6.43% 5/20/24
30 Year VA Refi 6.07% 5/20/24
30 Year USDA Purchase 6.91% 5/20/24
15 Year Conventional Purchase 6.26% 5/20/24
15 Year Conventional Refi 6.22% 5/20/24
15 Year Cash-out Refi 6.22% 5/20/24
15 Year FHA Purchase 5.68% 5/20/24
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.

V.i.p. Mortgage Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from V.i.p. Mortgage. 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

6,359

Origination Dollar Volume (All Markets)

$2,422,775,000
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Relative Rate

V.i.p. Mortgage's average 30 year fixed mortgage rate was 6.73%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.25%.

Relative Fees (Closing Costs)

V.i.p. Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $10,194.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top 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
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1,991 $793,515,000 $398,551 $10,955 6.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1,077 $528,095,000 $490,339 $10,257 6.63%
TUCSON, AZ (FHA|USDA|VA) 629 $184,585,000 $293,458 $9,127 6.79%
Hilo, HI (FHA|USDA|VA) 208 $93,780,000 $450,865 $13,144 6.95%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 268 $85,190,000 $317,873 $11,417 6.31%
COLORADO SPRINGS, CO (FHA|USDA|VA) 181 $80,795,000 $446,381 $9,224 6.72%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 121 $50,885,000 $420,537 $12,166 6.72%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 119 $40,745,000 $342,395 $10,011 6.92%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 139 $39,545,000 $284,496 $7,376 7.07%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 119 $39,155,000 $329,034 $8,557 6.64%
GREEN BAY, WI (FHA|USDA|VA) 127 $29,985,000 $236,102 $7,342 6.66%
GREELEY, CO (FHA|USDA|VA) 51 $23,925,000 $469,118 $11,997 6.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 57 $23,125,000 $405,702 $10,805 6.68%
FLAGSTAFF, AZ (FHA|USDA|VA) 52 $22,050,000 $424,038 $11,250 7.18%
Outside of Metro Areas 82 $21,680,000 $264,390 $7,839 6.88%
BOULDER, CO (FHA|USDA|VA) 37 $18,835,000 $509,054 $7,965 6.72%
FORT WAYNE, IN (FHA|USDA|VA) 57 $15,125,000 $265,351 $8,466 7.01%
Show Low, AZ (FHA|USDA|VA) 39 $13,435,000 $344,487 $9,561 7.23%
URBAN HONOLULU, HI (FHA|USDA|VA) 23 $11,865,000 $515,870 $18,905 6.42%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 37 $11,285,000 $305,000 $6,969 6.49%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 24 $11,220,000 $467,500 $9,523 6.72%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 16 $9,850,000 $615,625 $11,161 6.83%
FORT COLLINS, CO (FHA|USDA|VA) 23 $9,465,000 $411,522 $10,386 6.54%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 28 $7,540,000 $269,286 $7,353 6.98%
Kerrville, TX (FHA|USDA|VA) 23 $7,085,000 $308,043 $11,401 6.44%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 17 $6,565,000 $386,176 $7,561 6.90%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 29 $6,545,000 $225,690 $8,357 6.79%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 12 $6,450,000 $537,500 $7,068 6.99%
LONGVIEW, WA (FHA|USDA|VA) 18 $6,320,000 $351,111 $11,281 7.26%
Payson, AZ (FHA|USDA|VA) 22 $5,940,000 $270,000 $8,859 7.10%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 21 $5,825,000 $277,381 $8,369 6.74%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 9 $5,255,000 $583,889 $11,008 6.92%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 27 $5,155,000 $190,926 $5,181 6.88%
SALEM, OR (FHA|USDA|VA) 18 $5,150,000 $286,111 $8,814 6.90%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 9 $5,125,000 $569,444 $8,808 6.94%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $5,050,000 $420,833 $9,404 6.84%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 15 $5,025,000 $335,000 $8,921 6.68%
FARGO, ND-MN (FHA|USDA|VA) 15 $4,415,000 $294,333 $11,319 6.52%
EL PASO, TX (FHA|USDA|VA) 19 $4,395,000 $231,316 $9,847 6.54%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 18 $3,770,000 $209,444 $7,962 7.23%
APPLETON, WI (FHA|USDA|VA) 18 $3,640,000 $202,222 $6,286 6.76%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 8 $3,580,000 $447,500 $18,007 5.75%
ALBUQUERQUE, NM (FHA|USDA|VA) 10 $3,520,000 $352,000 $7,892 6.54%
Marinette, WI-MI (FHA|USDA|VA) 21 $3,515,000 $167,381 $6,449 6.87%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $3,260,000 $543,333 $5,833 7.10%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $3,205,000 $457,857 $11,249 6.88%
Bozeman, MT (FHA|USDA|VA) 9 $2,835,000 $315,000 $9,228 7.26%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $2,745,000 $392,143 $10,346 6.80%
Spirit Lake, IA (FHA|USDA|VA) 11 $2,635,000 $239,545 $4,978 6.52%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $2,515,000 $503,000 $14,066 7.27%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 5 $2,485,000 $497,000 $7,902 6.72%
PUEBLO, CO (FHA|USDA|VA) 10 $2,420,000 $242,000 $7,928 6.81%
Breckenridge, CO (FHA|USDA|VA) 4 $2,400,000 $600,000 $10,817 6.97%
Spencer, IA (FHA|USDA|VA) 13 $2,295,000 $176,538 $3,392 5.98%
GRAND JUNCTION, CO (FHA|USDA|VA) 7 $2,275,000 $325,000 $6,282 6.89%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 10 $2,260,000 $226,000 $10,859 6.72%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 7 $2,065,000 $295,000 $6,783 6.63%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 5 $2,045,000 $409,000 $8,868 6.80%
Nogales, AZ (FHA|USDA|VA) 7 $1,975,000 $282,143 $6,584 6.77%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $1,945,000 $648,333 $7,487 6.92%
Shawano, WI (FHA|USDA|VA) 6 $1,810,000 $301,667 $10,190 6.92%
Stevens Point, WI (FHA|USDA|VA) 8 $1,790,000 $223,750 $9,790 7.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 7 $1,785,000 $255,000 $9,107 6.34%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $1,670,000 $278,333 $6,953 6.77%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,620,000 $810,000 $6,511 6.63%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $1,615,000 $323,000 $11,409 6.58%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $1,615,000 $538,333 $12,107 7.03%
ALBANY-LEBANON, OR (FHA|USDA|VA) 4 $1,590,000 $397,500 $10,753 6.87%
Manitowoc, WI (FHA|USDA|VA) 8 $1,590,000 $198,750 $7,929 7.20%
Kapaa, HI (FHA|USDA|VA) 6 $1,560,000 $260,000 $16,125 5.67%
Steamboat Springs, CO (FHA|USDA|VA) 3 $1,555,000 $518,333 $6,747 7.38%
Cañon City, CO (FHA|USDA|VA) 5 $1,555,000 $311,000 $11,786 6.91%
OKLAHOMA CITY, OK (FHA|USDA|VA) 7 $1,455,000 $207,857 $7,324 6.80%
LAS CRUCES, NM (FHA|USDA|VA) 6 $1,440,000 $240,000 $7,617 6.75%
BEND, OR (FHA|USDA|VA) 3 $1,435,000 $478,333 $8,449 7.33%
SHEBOYGAN, WI (FHA|USDA|VA) 6 $1,410,000 $235,000 $6,878 6.71%
GRANTS PASS, OR (FHA|USDA|VA) 4 $1,390,000 $347,500 $10,520 5.53%
BILLINGS, MT (FHA|USDA|VA) 3 $1,345,000 $448,333 $9,701 6.92%
EAU CLAIRE, WI (FHA|USDA|VA) 3 $1,335,000 $445,000 $13,033 7.21%
BOISE CITY, ID (FHA|USDA|VA) 3 $1,315,000 $438,333 $14,292 7.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $1,305,000 $435,000 $8,712 6.79%
BATON ROUGE, LA (FHA|USDA|VA) 5 $1,265,000 $253,000 $12,836 7.08%
SALINAS, CA (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $6,289 7.75%
Oak Harbor, WA (FHA|USDA|VA) 2 $1,220,000 $610,000 $9,830 7.00%
Glenwood Springs, CO (FHA|USDA|VA) 2 $1,220,000 $610,000 $11,775 6.69%
AKRON, OH (FHA|USDA|VA) 7 $1,165,000 $166,429 $7,498 6.43%
RACINE, WI (FHA|USDA|VA) 5 $1,155,000 $231,000 $8,178 7.15%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $1,135,000 $378,333 $7,474 6.38%
Key West, FL (FHA|USDA|VA) 1 $1,095,000 $1,095,000 $0 8.25%
WAUSAU-WESTON, WI (FHA|USDA|VA) 6 $1,080,000 $180,000 $5,925 6.52%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $1,065,000 $355,000 $7,189 6.66%
RICHMOND, VA (FHA|USDA|VA) 2 $1,060,000 $530,000 $22,041 7.55%
Beaver Dam, WI (FHA|USDA|VA) 4 $1,040,000 $260,000 $6,025 6.84%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 4 $990,000 $247,500 $9,010 7.16%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 5 $985,000 $197,000 $6,124 7.48%
YUMA, AZ (FHA|USDA|VA) 3 $975,000 $325,000 $9,915 7.14%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $960,000 $480,000 $26,225 6.69%
LEBANON, PA (FHA|USDA|VA) 3 $955,000 $318,333 $7,849 6.38%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 4 $940,000 $235,000 $9,412 6.78%
Riverton, WY (FHA|USDA|VA) 4 $920,000 $230,000 $9,819 5.97%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $905,000 $301,667 $12,614 7.00%
OCALA, FL (FHA|USDA|VA) 3 $905,000 $301,667 $14,939 5.88%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $890,000 $445,000 $6,090 6.12%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $890,000 $445,000 $15,675 7.06%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $890,000 $445,000 $17,493 7.38%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $885,000 $295,000 $10,248 6.83%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $880,000 $440,000 $4,441 6.56%
WACO, TX (FHA|USDA|VA) 3 $855,000 $285,000 $12,793 6.54%
KNOXVILLE, TN (FHA|USDA|VA) 2 $850,000 $425,000 $10,093 7.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 4 $840,000 $210,000 $9,128 6.38%
Granbury, TX (FHA|USDA|VA) 3 $825,000 $275,000 $5,698 6.58%
BELLINGHAM, WA (FHA|USDA|VA) 2 $810,000 $405,000 $8,342 6.81%
ROCHESTER, MN (FHA|USDA|VA) 2 $790,000 $395,000 $9,319 7.06%
Montrose, CO (FHA|USDA|VA) 2 $780,000 $390,000 $16,533 6.29%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $740,000 $370,000 $12,749 7.38%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $725,000 $725,000 $4,403 7.38%
WENATCHEE, WA (FHA|USDA|VA) 1 $715,000 $715,000 $5,108 6.62%
AMARILLO, TX (FHA|USDA|VA) 2 $700,000 $350,000 $15,189 6.75%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 3 $695,000 $231,667 $11,451 7.08%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $695,000 $231,667 $9,691 7.63%
Kendallville, IN (FHA|USDA|VA) 3 $685,000 $228,333 $7,698 6.54%
Fredericksburg, TX (FHA|USDA|VA) 2 $670,000 $335,000 $13,362 6.13%
NILES, MI (FHA|USDA|VA) 2 $660,000 $330,000 $5,185 6.69%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $645,000 $215,000 $9,247 7.20%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $645,000 $645,000 $6,793 6.75%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $640,000 $320,000 $8,949 7.00%
Auburn, IN (FHA|USDA|VA) 5 $635,000 $127,000 $3,534 7.30%
Sterling, CO (FHA|USDA|VA) 3 $625,000 $208,333 $9,026 5.96%
ST. GEORGE, UT (FHA|USDA|VA) 1 $615,000 $615,000 $13,490 7.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $600,000 $300,000 $13,141 7.31%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $600,000 $300,000 $9,625 6.94%
Safford, AZ (FHA|USDA|VA) 2 $600,000 $300,000 $12,909 7.13%
COLUMBUS, OH (FHA|USDA|VA) 3 $595,000 $198,333 $5,401 7.04%
Outside of Metro Areas 1 $585,000 $585,000 $6,394 6.99%
WHEELING, WV-OH (FHA|USDA|VA) 1 $565,000 $565,000 $17,617 7.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $560,000 $280,000 $0 6.70%
Lufkin, TX (FHA|USDA|VA) 2 $550,000 $275,000 $9,745 6.56%
Fort Morgan, CO (FHA|USDA|VA) 2 $550,000 $275,000 $7,067 6.69%
SIOUX FALLS, SD (FHA|USDA|VA) 2 $540,000 $270,000 $8,281 6.00%
IDAHO FALLS, ID (FHA|USDA|VA) 2 $540,000 $270,000 $13,728 5.81%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $535,000 $535,000 $18,107 6.25%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $525,000 $525,000 $21,226 6.38%
Huntington, IN (FHA|USDA|VA) 2 $520,000 $260,000 $8,364 7.00%
Edwards, CO (FHA|USDA|VA) 1 $505,000 $505,000 $8,728 7.38%
WILMINGTON, NC (FHA|USDA|VA) 1 $505,000 $505,000 $15,493 6.49%
RENO, NV (FHA|USDA|VA) 1 $505,000 $505,000 $5,605 7.88%
Whitewater, WI (FHA|USDA|VA) 2 $500,000 $250,000 $6,359 6.56%
New Castle, IN (FHA|USDA|VA) 1 $495,000 $495,000 $11,062 6.25%
Brainerd, MN (FHA|USDA|VA) 1 $485,000 $485,000 $18,768 5.75%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $485,000 $485,000 $11,460 8.13%
Plymouth, IN (FHA|USDA|VA) 1 $485,000 $485,000 $16,276 6.25%
YAKIMA, WA (FHA|USDA|VA) 1 $485,000 $485,000 $4,091 7.13%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $485,000 $485,000 $21,579 6.63%
Centralia, WA (FHA|USDA|VA) 1 $475,000 $475,000 $12,809 6.00%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $470,000 $235,000 $8,329 7.13%
Mineral Wells, TX (FHA|USDA|VA) 2 $460,000 $230,000 $3,917 6.81%
YUBA CITY, CA (FHA|USDA|VA) 1 $445,000 $445,000 $26,581 5.63%
TULSA, OK (FHA|USDA|VA) 1 $445,000 $445,000 $4,475 7.13%
Crescent City, CA (FHA|USDA|VA) 1 $435,000 $435,000 $10,965 7.50%
Decatur, IN (FHA|USDA|VA) 3 $435,000 $145,000 $4,349 7.25%
LAKE CHARLES, LA (FHA|USDA|VA) 2 $430,000 $215,000 $8,760 6.81%
MADISON, WI (FHA|USDA|VA) 2 $430,000 $215,000 $5,474 6.50%
Sheridan, WY (FHA|USDA|VA) 1 $425,000 $425,000 $0 7.67%
Kalispell, MT (FHA|USDA|VA) 2 $420,000 $210,000 $3,823 7.04%
Bluffton, IN (FHA|USDA|VA) 2 $420,000 $210,000 $8,023 7.56%
JACKSON, TN (FHA|USDA|VA) 1 $415,000 $415,000 $1,424 6.75%
Brookings, OR (FHA|USDA|VA) 1 $415,000 $415,000 $10,706 5.75%
LAREDO, TX (FHA|USDA|VA) 2 $410,000 $205,000 $10,831 6.94%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $405,000 $405,000 $10,187 6.38%
SANTA FE, NM (FHA|USDA|VA) 1 $395,000 $395,000 $23,389 6.00%
Sandusky, OH (FHA|USDA|VA) 2 $390,000 $195,000 $11,167 6.69%
Aberdeen, WA (FHA|USDA|VA) 2 $390,000 $195,000 $8,758 6.31%
Roseburg, OR (FHA|USDA|VA) 1 $385,000 $385,000 $20,340 6.75%
MUNCIE, IN (FHA|USDA|VA) 1 $385,000 $385,000 $11,864 7.25%
Marshalltown, IA (FHA|USDA|VA) 2 $370,000 $185,000 $6,526 6.38%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $365,000 $365,000 $14,503 6.63%
TYLER, TX (FHA|USDA|VA) 1 $365,000 $365,000 $9,017 6.50%
Gainesville, TX (FHA|USDA|VA) 1 $365,000 $365,000 $12,023 5.75%
NAPA, CA (FHA|USDA|VA) 1 $355,000 $355,000 $11,208 7.38%
Jamestown, ND (FHA|USDA|VA) 1 $355,000 $355,000 $17,297 6.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $350,000 $175,000 $3,461 7.13%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $350,000 $175,000 $6,834 6.00%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $345,000 $345,000 $10,920 6.99%
Jefferson, GA (FHA|USDA|VA) 2 $340,000 $170,000 $13,232 7.38%
Ruidoso, NM (FHA|USDA|VA) 1 $335,000 $335,000 $13,181 7.63%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $330,000 $165,000 $3,704 6.43%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $325,000 $325,000 $17,041 7.63%
Van Wert, OH (FHA|USDA|VA) 1 $325,000 $325,000 $16,196 6.50%
CASPER, WY (FHA|USDA|VA) 1 $325,000 $325,000 $4,635 7.50%
Marion, IN (FHA|USDA|VA) 1 $315,000 $315,000 $5,926 7.00%
VISALIA, CA (FHA|USDA|VA) 1 $315,000 $315,000 $13,219 6.75%
LANCASTER, PA (FHA|USDA|VA) 1 $315,000 $315,000 $7,811 7.75%
Richmond, IN (FHA|USDA|VA) 2 $310,000 $155,000 $4,036 6.99%
FOND DU LAC, WI (FHA|USDA|VA) 2 $310,000 $155,000 $7,294 6.69%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $305,000 $305,000 $6,127 7.75%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $305,000 $305,000 $22,318 6.50%
Watertown, SD (FHA|USDA|VA) 1 $295,000 $295,000 $5,003 7.25%
Warsaw, IN (FHA|USDA|VA) 1 $295,000 $295,000 $13,626 6.75%
PANAMA CITY, FL (FHA|USDA|VA) 1 $295,000 $295,000 $7,399 7.88%
FARMINGTON, NM (FHA|USDA|VA) 2 $290,000 $145,000 $7,352 8.63%
Emporia, KS (FHA|USDA|VA) 1 $285,000 $285,000 $6,464 6.50%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $285,000 $285,000 $14,304 7.25%
ABILENE, TX (FHA|USDA|VA) 2 $280,000 $140,000 $5,956 6.75%
Brenham, TX (FHA|USDA|VA) 1 $275,000 $275,000 $13,120 6.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $265,000 $265,000 $12,511 5.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 6.88%
Fallon, NV (FHA|USDA|VA) 1 $265,000 $265,000 $9,588 7.25%
Harrison, AR (FHA|USDA|VA) 1 $255,000 $255,000 $1,213 6.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $14,033 6.25%
Athens, TX (FHA|USDA|VA) 1 $255,000 $255,000 $10,157 6.25%
SAN ANGELO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $13,579 7.63%
MEDFORD, OR (FHA|USDA|VA) 1 $235,000 $235,000 $4,609 6.88%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 3 $235,000 $78,333 $4,663 6.92%
Uvalde, TX (FHA|USDA|VA) 1 $235,000 $235,000 $11,523 5.75%
VICTORIA, TX (FHA|USDA|VA) 1 $225,000 $225,000 $7,539 7.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $225,000 $225,000 $10,504 8.63%
Coos Bay, OR (FHA|USDA|VA) 1 $215,000 $215,000 $8,142 7.63%
MIDLAND, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.62%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $215,000 $215,000 $8,278 6.99%
Norwalk, OH (FHA|USDA|VA) 1 $215,000 $215,000 $11,072 5.63%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.63%
Pearsall, TX (FHA|USDA|VA) 1 $205,000 $205,000 $8,923 7.38%
Nacogdoches, TX (FHA|USDA|VA) 1 $205,000 $205,000 $7,128 7.13%
Wabash, IN (FHA|USDA|VA) 1 $205,000 $205,000 $4,987 6.49%
HAMMOND, LA (FHA|USDA|VA) 1 $205,000 $205,000 $8,036 6.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $195,000 $195,000 $4,015 6.49%
Owatonna, MN (FHA|USDA|VA) 1 $195,000 $195,000 $3,490 7.25%
Wooster, OH (FHA|USDA|VA) 1 $195,000 $195,000 $11,377 5.75%
Paris, TX (FHA|USDA|VA) 1 $195,000 $195,000 $11,142 7.50%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $4,500 6.50%
CHEYENNE, WY (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.76%
Statesboro, GA (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.25%
Baraboo, WI (FHA|USDA|VA) 1 $185,000 $185,000 $9,092 5.99%
GREENVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $7,590 7.13%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.63%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $4,850 6.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.25%
ASHEVILLE, NC (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.65%
KOKOMO, IN (FHA|USDA|VA) 1 $165,000 $165,000 $2,839 7.00%
LAWRENCE, KS (FHA|USDA|VA) 1 $165,000 $165,000 $2,894 6.88%
Oskaloosa, IA (FHA|USDA|VA) 1 $155,000 $155,000 $7,076 6.13%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.62%
Alamogordo, NM (FHA|USDA|VA) 1 $155,000 $155,000 $1,010 6.75%
Cornelia, GA (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.93%
Storm Lake, IA (FHA|USDA|VA) 1 $125,000 $125,000 $4,571 6.63%
PITTSBURGH, PA (FHA|USDA|VA) 1 $115,000 $115,000 $5,287 6.99%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $105,000 $105,000 $3,588 6.13%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $105,000 $105,000 $7,129 7.50%
Eufaula, AL-GA (FHA|USDA|VA) 1 $105,000 $105,000 $6,805 7.49%
Borger, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,483 6.88%
LUBBOCK, TX (FHA|USDA|VA) 1 $95,000 $95,000 $4,762 6.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.88%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $85,000 $85,000 $5,834 6.88%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.75%
KANKAKEE, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $55,000 $55,000 $3,315 7.49%
V.i.p. Mortgage's top markets include Phoenix, Denver, Tucson, Hilo, and San Antonio among others.

Their top states include:
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Hawaii (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against V.I.P. MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    MISSION
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    PIMA Federal Credit Union
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    El Dorado Savings Bank, F.S.B.
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    INROADS
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    AMOCO
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    SOUTHERN LENDING SERVICES, LTD.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,250 $1,670,290,000 $393,009 $8,402 6.86%
    FHA 1,483 $504,435,000 $340,145 $14,453 6.50%
    VA 480 $215,320,000 $448,583 $11,089 6.33%
    FHA 108 $23,680,000 $219,259 $0 7.39%
    USDA 38 $9,050,000 $238,158 $9,374 6.30%

    For 2023, V.i.p. Mortgage's most frequently originated type of loan was Conventional, with 4,250 originations. Their 2nd most popular type was FHA, with 1,483 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,795 $2,252,255,000 $388,655 $10,256 6.72%
    Cash Out Refi 347 $99,875,000 $287,824 $8,866 6.91%
    Refi 197 $66,455,000 $337,335 $7,725 6.95%
    Other 18 $3,590,000 $199,444 $0 7.50%
    Home Improvement 2 $600,000 $300,000 $0 7.50%

    For 2023, V.i.p. Mortgage's most frequently cited loan purpose was Home Purchase, with 5,795 originations. The 2nd most popular reason was Cash Out Refi, with 347 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,162 $2,375,350,000 $385,484 $10,194 6.73%
    Other 112 $24,710,000 $220,625 $8,427 7.39%
    15 Year 50 $18,770,000 $375,400 $7,835 6.08%
    10 Year 21 $395,000 $18,810 $288 8.87%
    20 Year 14 $3,550,000 $253,571 $7,774 6.52%

    For 2023, V.i.p. Mortgage's most frequently cited loan duration was 30 Year, with 6,162 originations. The 2nd most popular length was Other, with 112 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 2,677 $1,176,075,000 $439,326
    $1k-2k 1,161 $458,745,000 $395,129
    $4k-5k 669 $214,265,000 $320,277
    $3k-4k 545 $165,815,000 $304,248
    $2k-3k 513 $167,175,000 $325,877
    $<1k 342 $114,490,000 $334,766

    V.i.p. Mortgage's average total fees were $10,194, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 2,677 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 3,295 $1,256,735,000 $381,407
    7-8% 1,863 $713,575,000 $383,025
    5-6% 989 $376,035,000 $380,217
    Over 8% 152 $54,450,000 $358,224
    4-5% 55 $21,835,000 $397,000
    <2.5% 4 $40,000 $10,000
    3-4% 1 $105,000 $105,000

    During 2023, V.i.p. Mortgage's average interest rate for loans was 6.73%, while their most frequently originated rate bucket for loans was 6-7%, with 3,295 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,957 $888,485,000 $300,468 $9,679 6.75%
    $400k-600k 1,679 $809,475,000 $482,117 $12,004 6.70%
    $100k-200k 858 $137,090,000 $159,779 $5,917 6.70%
    $600k-1MM 646 $455,670,000 $705,372 $12,187 6.79%
    $100,000 or less 127 $8,355,000 $65,787 $3,185 6.97%
    $1MM+ 92 $123,700,000 $1,344,565 $17,258 6.80%

    2023 saw V.i.p. Mortgage place emphasis on $200k-400k loans with 2,957 originations, totaling $888,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,721 $666,725,000 $387,406 $10,746 6.76%
    $150k-250k 1,343 $634,385,000 $472,364 $10,775 6.84%
    $75k-100k 1,220 $378,680,000 $310,393 $10,028 6.62%
    $50k-75k 1,035 $249,405,000 $240,971 $8,561 6.54%
    $250k+ 641 $418,055,000 $652,192 $11,828 7.01%
    $50k or less 387 $70,055,000 $181,021 $6,406 6.73%

    V.i.p. Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,721 originations. The second most popular income band? $150k-250k, with 1,343 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 879 $349,765,000 $397,912 $9,050 6.78%
    20-30% 746 $275,060,000 $368,713 $8,706 6.75%
    50-60% 666 $247,270,000 $371,276 $13,903 6.47%
    49% 435 $166,515,000 $382,793 $11,099 6.71%
    44% 313 $121,775,000 $389,058 $10,415 6.75%
    48% 308 $115,060,000 $373,571 $10,686 6.77%
    42% 296 $120,860,000 $408,311 $9,763 6.75%
    46% 284 $105,550,000 $371,655 $10,565 6.73%
    47% 268 $103,010,000 $384,366 $10,199 6.73%
    45% 260 $100,400,000 $386,154 $10,333 6.74%
    43% 254 $96,950,000 $381,693 $10,302 6.77%
    41% 249 $97,315,000 $390,823 $9,628 6.75%
    39% 242 $93,360,000 $385,785 $8,901 6.82%
    40% 228 $92,370,000 $405,132 $9,339 6.82%
    38% 212 $82,770,000 $390,425 $9,635 6.75%
    37% 201 $80,065,000 $398,333 $9,940 6.77%
    <20% 193 $69,055,000 $357,798 $7,334 6.76%
    36% 191 $69,645,000 $364,634 $8,879 6.73%
    >60% 16 $9,130,000 $570,625 $11,106 6.69%

    V.i.p. Mortgage lent most frequently to those with DTI ratios of 30-36%, with 879 originations. The next most common DTI ratio? 20-30%, with 746 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,039 $1,905,245,000 $378,100 $9,868 6.77%
    Asian 477 $194,985,000 $408,774 $10,725 6.63%
    Not provided 439 $175,715,000 $400,262 $11,278 6.68%
    Black 283 $102,165,000 $361,007 $11,388 6.57%
    American Indian 68 $22,970,000 $337,794 $11,117 6.76%
    Native Hawaiian or Islander 53 $21,695,000 $409,340 $13,013 6.73%

    Approval Rates

    Total approvals of all applications
    97.70%

    V.i.p. Mortgage 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
    75.85%

    V.i.p. Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,359 $2,422,775,000 $380,999

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,359 $2,422,775,000 $380,999

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 310 $61,730,000 $199,129 $6,143 6.64%
    40-60% 608 $194,050,000 $319,161 $7,396 6.79%
    60-80% 1,497 $618,295,000 $413,023 $9,354 6.91%
    80-100% 3,772 $1,489,800,000 $394,963 $10,856 6.69%
    Over 100% 120 $55,150,000 $459,583 $19,137 6.27%
    Under 20% 52 $3,750,000 $72,115 $2,256 6.96%