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

SCOTTSDALE, AZ

LEI: 549300PC4MFWQBNVKG88

Tax ID: 42-1720343

2.4 stars - out of 5 stars, based on 79 reviews

Latest/2022 | 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Phoenix, Denver, Tucson, Hilo, and San Antonio among others. We have data for 181 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 an average 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.

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% 5/28/23
30 Year Conventional Refi 6.62% 5/28/23
30 Year Cash-out Refi 6.86% 5/28/23
30 Year FHA Purchase 7.59% 5/28/23
30 Year FHA Refi 7.10% 5/28/23
30 Year VA Purchase 6.43% 5/28/23
30 Year VA Refi 6.07% 5/28/23
30 Year USDA Purchase 6.91% 5/28/23
15 Year Conventional Purchase 6.26% 5/28/23
15 Year Conventional Refi 6.22% 5/28/23
15 Year Cash-out Refi 6.22% 5/28/23
15 Year FHA Purchase 5.68% 5/28/23
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

6,277

Origination Dollar Volume (All Markets)

$2,348,845,000

Awards

V.I.P. MORTGAGE FHA Loans bronze V.I.P. MORTGAGE USDA Loans gold
Show all (2) awards

Relative Rate

V.i.p. Mortgage's average 30 year fixed mortgage rate was 5.08%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.32%.

Relative Fees (Closing Costs)

V.i.p. Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $8,109.

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 $4,750.

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) 2,706 $1,030,870,000 $380,957 $7,990 5.02%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 585 $293,965,000 $502,504 $7,020 5.05%
TUCSON, AZ (FHA|USDA|VA) 873 $251,745,000 $288,368 $6,800 5.05%
Hilo, HI (FHA|USDA|VA) 283 $128,905,000 $455,495 $10,290 5.02%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 372 $112,750,000 $303,091 $10,017 5.06%
COLORADO SPRINGS, CO (FHA|USDA|VA) 161 $67,285,000 $417,919 $7,466 4.98%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 166 $59,600,000 $359,036 $8,545 4.99%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 159 $53,915,000 $339,088 $9,460 5.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 30 $20,470,000 $682,333 $11,595 4.67%
FORT WAYNE, IN (FHA|USDA|VA) 72 $19,900,000 $276,389 $7,080 5.25%
Outside of Metro Areas 49 $18,735,000 $382,347 $7,382 5.22%
FLAGSTAFF, AZ (FHA|USDA|VA) 41 $18,255,000 $445,244 $8,824 5.08%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 18 $14,680,000 $815,556 $11,449 5.29%
Payson, AZ (FHA|USDA|VA) 41 $11,105,000 $270,854 $6,228 5.19%
Show Low, AZ (FHA|USDA|VA) 36 $10,390,000 $288,611 $7,755 5.50%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 15 $9,005,000 $600,333 $10,725 4.68%
GREELEY, CO (FHA|USDA|VA) 22 $8,920,000 $405,455 $7,854 4.63%
URBAN HONOLULU, HI (FHA|USDA|VA) 15 $8,645,000 $576,333 $17,295 5.15%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 23 $8,405,000 $365,435 $7,831 5.04%
EL PASO, TX (FHA|USDA|VA) 33 $8,045,000 $243,788 $9,936 5.30%
Kerrville, TX (FHA|USDA|VA) 28 $7,610,000 $271,786 $11,210 5.17%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 20 $7,180,000 $359,000 $10,372 5.10%
FORT COLLINS, CO (FHA|USDA|VA) 13 $6,785,000 $521,923 $6,939 4.78%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 12 $5,920,000 $493,333 $9,722 5.04%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 16 $5,690,000 $355,625 $10,395 4.88%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 22 $5,550,000 $252,273 $3,926 5.75%
BOULDER, CO (FHA|USDA|VA) 8 $4,790,000 $598,750 $3,569 4.39%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 13 $4,375,000 $336,538 $5,571 6.09%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 16 $4,310,000 $269,375 $8,656 5.39%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 13 $4,235,000 $325,769 $9,857 5.26%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $4,130,000 $516,250 $14,362 5.23%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 5 $4,005,000 $801,000 $13,437 5.27%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 9 $3,485,000 $387,222 $6,520 5.25%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 16 $3,260,000 $203,750 $6,145 5.15%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 10 $3,160,000 $316,000 $5,894 5.14%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $3,085,000 $1,028,333 $4,060 6.68%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $3,055,000 $277,727 $8,858 5.37%
Auburn, IN (FHA|USDA|VA) 11 $3,035,000 $275,909 $8,360 5.49%
Breckenridge, CO (FHA|USDA|VA) 4 $3,030,000 $757,500 $5,511 5.50%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 10 $3,030,000 $303,000 $9,239 4.95%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $2,825,000 $565,000 $10,734 4.03%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $2,815,000 $312,778 $7,859 5.32%
SALEM, OR (FHA|USDA|VA) 6 $2,770,000 $461,667 $11,718 5.92%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $2,670,000 $333,750 $9,707 4.89%
MADISON, WI (FHA|USDA|VA) 11 $2,575,000 $234,091 $5,147 5.23%
Nogales, AZ (FHA|USDA|VA) 8 $2,400,000 $300,000 $7,598 5.00%
PUEBLO, CO (FHA|USDA|VA) 11 $2,085,000 $189,545 $6,718 5.17%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $2,085,000 $695,000 $5,896 5.42%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $1,960,000 $980,000 $28,888 5.06%
Huntington, IN (FHA|USDA|VA) 8 $1,920,000 $240,000 $5,304 4.58%
Safford, AZ (FHA|USDA|VA) 10 $1,910,000 $191,000 $5,514 4.14%
CORPUS CHRISTI, TX (FHA|USDA|VA) 5 $1,905,000 $381,000 $7,851 5.47%
ALBUQUERQUE, NM (FHA|USDA|VA) 8 $1,870,000 $233,750 $5,363 5.81%
KNOXVILLE, TN (FHA|USDA|VA) 4 $1,830,000 $457,500 $4,452 5.28%
BAKERSFIELD, CA (FHA|USDA|VA) 5 $1,785,000 $357,000 $10,828 5.58%
FARMINGTON, NM (FHA|USDA|VA) 7 $1,685,000 $240,714 $6,490 5.18%
Durango, CO (FHA|USDA|VA) 4 $1,570,000 $392,500 $4,939 4.12%
Mineral Wells, TX (FHA|USDA|VA) 4 $1,560,000 $390,000 $7,355 5.50%
YUMA, AZ (FHA|USDA|VA) 5 $1,495,000 $299,000 $10,745 5.50%
STOCKTON, CA (FHA|USDA|VA) 3 $1,485,000 $495,000 $12,196 3.75%
ST. GEORGE, UT (FHA|USDA|VA) 2 $1,460,000 $730,000 $4,898 5.44%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $1,450,000 $725,000 $5,122 3.43%
Kendallville, IN (FHA|USDA|VA) 6 $1,450,000 $241,667 $5,867 5.64%
YUBA CITY, CA (FHA|USDA|VA) 3 $1,375,000 $458,333 $3,384 4.87%
Outside of Metro Areas 2 $1,340,000 $670,000 $8,033 5.94%
Brenham, TX (FHA|USDA|VA) 4 $1,300,000 $325,000 $4,777 4.88%
ABILENE, TX (FHA|USDA|VA) 5 $1,285,000 $257,000 $10,049 6.47%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,205,000 $401,667 $10,384 5.70%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $1,150,000 $575,000 $7,719 5.31%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $1,120,000 $560,000 $12,682 5.25%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $1,120,000 $560,000 $7,141 4.56%
VALLEJO, CA (FHA|USDA|VA) 3 $1,115,000 $371,667 $13,116 6.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 5 $1,095,000 $219,000 $10,022 4.87%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $1,085,000 $361,667 $12,213 5.12%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $1,075,000 $358,333 $8,319 5.25%
NAPA, CA (FHA|USDA|VA) 2 $1,040,000 $520,000 $6,186 4.87%
Heber, UT (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $4,965 4.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $935,000 $311,667 $9,576 4.17%
GRANTS PASS, OR (FHA|USDA|VA) 4 $920,000 $230,000 $8,356 5.84%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $915,000 $305,000 $7,838 4.67%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $840,000 $420,000 $11,896 4.44%
Granbury, TX (FHA|USDA|VA) 2 $820,000 $410,000 $11,937 6.19%
Cañon City, CO (FHA|USDA|VA) 3 $765,000 $255,000 $5,647 4.96%
Bluffton, IN (FHA|USDA|VA) 2 $760,000 $380,000 $7,938 6.06%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 3 $745,000 $248,333 $13,849 6.13%
Fredericksburg, TX (FHA|USDA|VA) 3 $735,000 $245,000 $14,524 5.08%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $720,000 $360,000 $9,063 5.12%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 4 $700,000 $175,000 $4,030 4.66%
Sevierville, TN (FHA|USDA|VA) 1 $685,000 $685,000 $4,942 5.13%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $670,000 $335,000 $5,476 4.31%
LAREDO, TX (FHA|USDA|VA) 3 $665,000 $221,667 $10,341 5.00%
MEDFORD, OR (FHA|USDA|VA) 2 $660,000 $330,000 $12,222 5.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $655,000 $218,333 $3,814 5.04%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 3 $645,000 $215,000 $3,709 5.08%
ASHEVILLE, NC (FHA|USDA|VA) 1 $605,000 $605,000 $5,416 6.63%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $600,000 $300,000 $7,213 4.50%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $590,000 $295,000 $4,172 5.68%
TYLER, TX (FHA|USDA|VA) 1 $585,000 $585,000 $13,726 5.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 3 $585,000 $195,000 $4,329 6.37%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $580,000 $290,000 $5,904 5.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $570,000 $285,000 $11,228 6.50%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $550,000 $275,000 $3,131 6.00%
BELLINGHAM, WA (FHA|USDA|VA) 1 $545,000 $545,000 $3,843 3.38%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $545,000 $545,000 $4,390 5.50%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $540,000 $270,000 $6,114 5.44%
Beaver Dam, WI (FHA|USDA|VA) 2 $540,000 $270,000 $3,446 3.88%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $530,000 $265,000 $10,323 5.31%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $525,000 $525,000 $4,967 7.38%
LOGAN, UT-ID (FHA|USDA|VA) 1 $515,000 $515,000 $3,778 5.75%
Fort Morgan, CO (FHA|USDA|VA) 2 $510,000 $255,000 $9,545 5.88%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $510,000 $255,000 $4,957 5.62%
Sandpoint, ID (FHA|USDA|VA) 1 $505,000 $505,000 $4,882 3.38%
Corsicana, TX (FHA|USDA|VA) 1 $485,000 $485,000 $14,846 7.63%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $485,000 $485,000 $0 6.63%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $430,000 $215,000 $3,317 5.37%
Centralia, WA (FHA|USDA|VA) 1 $425,000 $425,000 $8,776 5.13%
Frankfort, IN (FHA|USDA|VA) 1 $425,000 $425,000 $11,896 4.75%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $415,000 $415,000 $10,917 6.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $415,000 $415,000 $3,822 4.88%
DULUTH, MN-WI (FHA|USDA|VA) 1 $405,000 $405,000 $5,099 6.25%
CEDAR RAPIDS, IA (FHA|USDA|VA) 3 $405,000 $135,000 $4,342 6.21%
Warsaw, IN (FHA|USDA|VA) 2 $400,000 $200,000 $6,851 6.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $395,000 $395,000 $125 4.25%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $395,000 $395,000 $5,976 4.75%
BOISE CITY, ID (FHA|USDA|VA) 1 $395,000 $395,000 $1,610 6.75%
Shelton, WA (FHA|USDA|VA) 1 $375,000 $375,000 $15,621 4.88%
CORVALLIS, OR (FHA|USDA|VA) 1 $375,000 $375,000 $12,154 6.63%
Newport, OR (FHA|USDA|VA) 1 $375,000 $375,000 $14,119 5.00%
Aberdeen, WA (FHA|USDA|VA) 1 $375,000 $375,000 $8,123 3.88%
GAINESVILLE, FL (FHA|USDA|VA) 1 $365,000 $365,000 $6,371 3.13%
Fernley, NV (FHA|USDA|VA) 1 $365,000 $365,000 $8,787 7.50%
PANAMA CITY, FL (FHA|USDA|VA) 1 $365,000 $365,000 $5,102 5.99%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $365,000 $365,000 $5,116 5.63%
Alamogordo, NM (FHA|USDA|VA) 2 $350,000 $175,000 $4,912 6.67%
Greensburg, IN (FHA|USDA|VA) 1 $345,000 $345,000 $2,513 7.50%
Klamath Falls, OR (FHA|USDA|VA) 1 $335,000 $335,000 $6,433 6.00%
Kalispell, MT (FHA|USDA|VA) 1 $325,000 $325,000 $0 3.73%
WACO, TX (FHA|USDA|VA) 2 $320,000 $160,000 $7,147 5.56%
AMES, IA (FHA|USDA|VA) 1 $305,000 $305,000 $1,950 5.63%
Decatur, IN (FHA|USDA|VA) 1 $305,000 $305,000 $9,296 3.75%
Van Wert, OH (FHA|USDA|VA) 1 $305,000 $305,000 $4,571 5.38%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $295,000 $295,000 $4,772 5.63%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $295,000 $295,000 $5,137 6.62%
REDDING, CA (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.50%
PEORIA, IL (FHA|USDA|VA) 2 $290,000 $145,000 $3,274 6.50%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $275,000 $275,000 $12,834 4.75%
COLUMBUS, OH (FHA|USDA|VA) 2 $270,000 $135,000 $4,681 6.13%
Bozeman, MT (FHA|USDA|VA) 1 $265,000 $265,000 $3,193 3.75%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $265,000 $265,000 $4,322 4.12%
Plymouth, IN (FHA|USDA|VA) 1 $265,000 $265,000 $7,748 4.13%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $265,000 $265,000 $8,224 4.13%
GAINESVILLE, GA (FHA|USDA|VA) 1 $265,000 $265,000 $5,981 6.00%
Gainesville, TX (FHA|USDA|VA) 1 $265,000 $265,000 $10,532 7.25%
Glenwood Springs, CO (FHA|USDA|VA) 1 $255,000 $255,000 $8,405 5.50%
ODESSA, TX (FHA|USDA|VA) 1 $255,000 $255,000 $5,277 3.49%
ROCHESTER, MN (FHA|USDA|VA) 1 $245,000 $245,000 $3,642 4.50%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $240,000 $120,000 $4,656 4.44%
Ruidoso, NM (FHA|USDA|VA) 1 $235,000 $235,000 $4,470 3.38%
Brookings, OR (FHA|USDA|VA) 1 $235,000 $235,000 $6,304 5.25%
Pahrump, NV (FHA|USDA|VA) 1 $215,000 $215,000 $4,506 5.99%
Whitewater, WI (FHA|USDA|VA) 1 $215,000 $215,000 $7,854 5.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $205,000 $205,000 $9,550 5.25%
LAS CRUCES, NM (FHA|USDA|VA) 1 $195,000 $195,000 $8,299 4.88%
Oskaloosa, IA (FHA|USDA|VA) 1 $195,000 $195,000 $2,580 6.88%
LONGVIEW, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,029 6.00%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.12%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $155,000 $155,000 $7,840 4.75%
Bonham, TX (FHA|USDA|VA) 1 $155,000 $155,000 $5,685 4.50%
LINCOLN, NE (FHA|USDA|VA) 1 $145,000 $145,000 $4,976 3.88%
Uvalde, TX (FHA|USDA|VA) 1 $115,000 $115,000 $5,720 4.99%
MIDLAND, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,143 3.38%
SAGINAW, MI (FHA|USDA|VA) 1 $115,000 $115,000 $4,317 5.38%
Del Rio, TX (FHA|USDA|VA) 1 $115,000 $115,000 $5,226 3.75%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $115,000 $115,000 $4,260 6.12%
TWIN FALLS, ID (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.80%
TOLEDO, OH (FHA|USDA|VA) 1 $105,000 $105,000 $4,447 4.25%
Mount Pleasant, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,766 3.38%
Plainview, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,117 4.88%
Marshalltown, IA (FHA|USDA|VA) 1 $95,000 $95,000 $2,555 7.00%
AKRON, OH (FHA|USDA|VA) 1 $75,000 $75,000 $3,774 7.13%
ROCKFORD, IL (FHA|USDA|VA) 1 $65,000 $65,000 $3,984 4.50%
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)
  • California (FHA|USDA|VA)
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    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 385
    Independent Federal Credit Union
    Similarity Rank: 420
    CASTPARTS EMPLOYEES
    Similarity Rank: 440
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 546
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 567
    Chaffey Federal Credit Union
    Similarity Rank: 644

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,674 $1,805,600,000 $386,307 $6,827 5.05%
    FHA 862 $269,070,000 $312,146 $12,952 5.20%
    VA 488 $200,510,000 $410,881 $10,352 4.86%
    FHA 201 $54,515,000 $271,219 $0 4.75%
    USDA 36 $10,130,000 $281,389 $8,239 5.15%
    HELOC 8 $6,690,000 $836,250 n/a 7.71%
    FHA 4 $950,000 $237,500 $0 4.36%
    Reverse Mortgage 4 $1,380,000 $345,000 $0 8.72%

    For 2022, V.i.p. Mortgage's most frequently originated type of loan was Conventional, with 4,674 originations. Their 2nd most popular type was FHA, with 862 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,672 $1,827,640,000 $391,190 $8,625 5.22%
    Cash Out Refi 1,089 $350,445,000 $321,804 $6,226 4.61%
    Refi 504 $166,050,000 $329,464 $5,331 4.48%
    Other 12 $4,710,000 $392,500 $0 5.00%

    For 2022, V.i.p. Mortgage's most frequently cited loan purpose was Home Purchase, with 4,672 originations. The 2nd most popular reason was Cash Out Refi, with 1,089 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,869 $2,230,515,000 $380,050 $8,109 5.08%
    Other 235 $67,335,000 $286,532 $3,328 4.84%
    15 Year 122 $38,920,000 $319,016 $6,038 4.09%
    20 Year 36 $11,010,000 $305,833 $5,132 4.29%
    10 Year 15 $1,065,000 $71,000 $1,462 7.14%

    For 2022, V.i.p. Mortgage's most frequently cited loan duration was 30 Year, with 5,869 originations. The 2nd most popular length was Other, with 235 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,241 $882,445,000 $393,773
    $5k+ 1,572 $678,130,000 $431,380
    $2k-3k 621 $203,165,000 $327,158
    $4k-5k 590 $197,560,000 $334,847
    $3k-4k 574 $171,420,000 $298,641
    $<1k 244 $82,260,000 $337,131

    V.i.p. Mortgage's average total fees were $8,109, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,241 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,988 $737,970,000 $371,212
    4-5% 1,538 $595,700,000 $387,321
    3-4% 1,382 $517,050,000 $374,132
    6-7% 949 $337,825,000 $355,980
    7-8% 266 $93,700,000 $352,256
    2.5-3% 119 $58,735,000 $493,571
    Over 8% 20 $4,910,000 $245,500
    <2.5% 15 $2,955,000 $197,000

    During 2022, V.i.p. Mortgage's average interest rate for loans was 5.08%, while their most frequently originated rate bucket for loans was 5-6%, with 1,988 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,135 $931,075,000 $296,994 $7,889 5.12%
    $400k-600k 1,538 $739,440,000 $480,780 $9,117 5.10%
    $100k-200k 824 $131,230,000 $159,260 $5,157 4.97%
    $600k-1MM 594 $419,710,000 $706,582 $9,357 4.82%
    $1MM+ 95 $121,605,000 $1,280,053 $12,596 4.58%
    $100,000 or less 91 $5,785,000 $63,571 $3,013 4.97%

    2022 saw V.i.p. Mortgage place emphasis on $200k-400k loans with 3,135 originations, totaling $931,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,549 $600,815,000 $387,873 $8,454 5.12%
    $50k-75k 1,208 $317,650,000 $262,955 $7,442 4.98%
    $150k-250k 1,184 $572,140,000 $483,226 $8,429 5.17%
    $75k-100k 1,154 $380,590,000 $329,801 $8,128 5.09%
    $50k or less 655 $142,105,000 $216,954 $5,905 4.79%
    $250k+ 495 $323,025,000 $652,576 $8,985 5.06%

    V.i.p. Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,549 originations. The second most popular income band? $50k-75k, with 1,208 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 956 $367,610,000 $384,529 $7,465 4.97%
    20-30% 832 $309,150,000 $371,575 $6,902 4.83%
    50-60% 454 $155,050,000 $341,520 $11,955 5.05%
    44% 352 $125,470,000 $356,449 $7,572 5.07%
    42% 317 $134,105,000 $423,044 $8,171 5.11%
    49% 311 $118,805,000 $382,010 $8,758 5.39%
    41% 286 $103,480,000 $361,818 $7,796 5.11%
    43% 276 $98,660,000 $357,464 $7,757 5.22%
    <20% 259 $89,605,000 $345,965 $6,124 4.83%
    45% 243 $93,685,000 $385,535 $7,953 5.18%
    39% 233 $97,025,000 $416,416 $8,025 5.12%
    46% 231 $83,135,000 $359,892 $8,907 5.13%
    40% 223 $95,525,000 $428,363 $7,452 5.13%
    38% 222 $90,310,000 $406,802 $7,832 5.01%
    48% 220 $81,130,000 $368,773 $8,696 5.38%
    47% 213 $77,915,000 $365,798 $8,478 5.16%
    37% 211 $79,245,000 $375,569 $7,950 5.00%
    36% 187 $70,785,000 $378,529 $7,121 4.96%
    >60% 24 $10,700,000 $445,833 $10,222 5.40%

    V.i.p. Mortgage lent most frequently to those with DTI ratios of 30-36%, with 956 originations. The next most common DTI ratio? 20-30%, with 832 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,192 $1,927,230,000 $371,192 $7,754 5.04%
    Not provided 460 $173,780,000 $377,783 $8,914 5.08%
    Asian 269 $122,095,000 $453,885 $9,802 4.99%
    Black 254 $87,980,000 $346,378 $8,920 5.31%
    Native Hawaiian or Islander 64 $25,970,000 $405,781 $11,088 4.98%
    American Indian 38 $11,790,000 $310,263 $9,408 5.25%

    Approval Rates

    Total approvals of all applications
    97.40%

    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
    74.99%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,277 $2,348,845,000 $374,199

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,277 $2,348,845,000 $374,199

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 301 $69,415,000 $230,615 $5,185 5.01%
    40-60% 901 $280,405,000 $311,215 $5,804 4.82%
    60-80% 1,875 $752,025,000 $401,080 $7,208 4.93%
    80-100% 3,044 $1,199,300,000 $393,988 $9,029 5.21%
    Over 100% 103 $43,735,000 $424,612 $17,377 4.90%
    Under 20% 53 $3,965,000 $74,811 $2,430 4.75%