V.i.p. Mortgage Rates, Fees & Info
SCOTTSDALE, AZLEI: 549300PC4MFWQBNVKG88
Tax ID: 42-1720343
2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
V.i.p. Mortgage is a mid-sized mortgage company specializing in Refi and 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 low ratio of USDA loans. Their top markets include Phoenix, Tucson, Denver, Colorado Springs, and San Antonio among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. V.i.p. Mortgage is typically an average fee lendor.Originations
16,417Origination Dollar Volume (All Markets)
$4,930,555,000Relative Rate
V.i.p. Mortgage 's average 30 year fixed rate mortgage was
3.21%.
The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.
This yields a difference of -0.15%.
Relative Fees
V.i.p. Mortgage 's average total fees for a 30 year fixed rate
mortgage are $4,801.
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 $5,021.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 13,198 | $4,011,650,000 | $303,959 | $4,021 | 3.18% |
| FHA | 1,650 | $409,600,000 | $248,242 | $9,203 | 3.33% |
| VA | 1,499 | $493,535,000 | $329,243 | $5,564 | 2.86% |
| USDA | 70 | $15,770,000 | $225,286 | $6,485 | 3.23% |
For the 2020 period, V.i.p. Mortgage 's most frequently originated loan type was Conventional, with 13,198 originations. Their 2nd most popular type is FHA, with 1,650 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 7,570 | $2,234,960,000 | $295,239 | $3,365 | 3.06% |
| Home Purchase | 6,463 | $2,022,635,000 | $312,956 | $6,336 | 3.25% |
| Cash Out Refi | 2,374 | $670,340,000 | $282,367 | $4,029 | 3.31% |
| Other | 10 | $2,620,000 | $262,000 | $0 | 2.93% |
For the 2020, V.i.p. Mortgage 's most frequently cited loan purpose was Refi, with 7,570 originations. The 2nd most popular reason was Home Purchase, with 6,463 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 14,574 | $4,461,050,000 | $306,096 | $4,802 | 3.21% |
| 15 Year | 1,112 | $283,240,000 | $254,712 | $3,214 | 2.75% |
| Other | 340 | $87,750,000 | $258,088 | $2,897 | 3.01% |
| 20 Year | 318 | $82,180,000 | $258,428 | $3,133 | 3.10% |
| 10 Year | 72 | $16,020,000 | $222,500 | $3,094 | 2.58% |
| 30+ year | 1 | $315,000 | $315,000 | $4,002 | 4.50% |
For the 2020, V.i.p. Mortgage 's most frequently cited loan length was 30 Year, with 14,574 originations. The 2nd most popular length was 15 Year, with 1,112 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 11,572 | $3,427,820,000 | $296,217 |
| $3k-4k | 1,639 | $475,385,000 | $290,046 |
| $2k-3k | 1,445 | $408,115,000 | $282,433 |
| $<1k | 990 | $313,240,000 | $316,404 |
| $5k+ | 571 | $258,435,000 | $452,601 |
$4,801 was V.i.p. Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 11,572 originations.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ | 8,474 | $2,500,160,000 | $295,039 | $4,770 | 3.22% |
| TUCSON, AZ | 2,990 | $738,770,000 | $247,080 | $3,749 | 3.12% |
| DENVER-AURORA-LAKEWOOD, CO | 1,540 | $577,340,000 | $374,896 | $4,562 | 3.11% |
| Outside of Metro Areas | 835 | $277,745,000 | $332,629 | $5,422 | 3.13% |
| COLORADO SPRINGS, CO | 499 | $162,975,000 | $326,603 | $4,286 | 3.10% |
| SAN ANTONIO-NEW BRAUNFELS, TX | 337 | $100,305,000 | $297,641 | $6,628 | 2.97% |
| DALLAS-PLANO-IRVING, TX | 242 | $75,230,000 | $310,868 | $5,954 | 3.15% |
| SEATTLE-BELLEVUE-KENT, WA | 123 | $56,255,000 | $457,358 | $3,786 | 3.03% |
| FORT WORTH-ARLINGTON-GRAPEVINE, TX | 194 | $48,660,000 | $250,825 | $5,522 | 3.21% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA | 74 | $34,780,000 | $470,000 | $4,787 | 3.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ | 112 | $33,370,000 | $297,946 | $4,474 | 3.12% |
| FLAGSTAFF, AZ | 83 | $27,085,000 | $326,325 | $4,305 | 3.10% |
| FORT WAYNE, IN | 120 | $24,570,000 | $204,750 | $4,320 | 3.15% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN | 77 | $23,595,000 | $306,429 | $3,876 | 3.22% |
| LOS ANGELES-LONG BEACH-GLENDALE, CA | 36 | $19,420,000 | $539,444 | $5,018 | 3.16% |
| GREELEY, CO | 56 | $19,210,000 | $343,036 | $4,439 | 3.00% |
| CHICAGO-NAPERVILLE-EVANSTON, IL | 31 | $13,775,000 | $444,355 | $4,303 | 3.38% |
| ANAHEIM-SANTA ANA-IRVINE, CA | 25 | $11,515,000 | $460,600 | $4,539 | 3.06% |
| BOULDER, CO | 22 | $9,080,000 | $412,727 | $4,062 | 3.02% |
| FORT COLLINS, CO | 26 | $8,870,000 | $341,154 | $4,873 | 3.13% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA | 22 | $8,500,000 | $386,364 | $3,989 | 3.32% |
| SANTA ROSA-PETALUMA, CA | 17 | $7,825,000 | $460,294 | $4,023 | 3.32% |
| OAKLAND-BERKELEY-LIVERMORE, CA | 12 | $7,800,000 | $650,000 | $5,792 | 3.21% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA | 20 | $7,660,000 | $383,000 | $6,453 | 3.37% |
| URBAN HONOLULU, HI | 15 | $6,895,000 | $459,667 | $9,076 | 3.18% |
| SIERRA VISTA-DOUGLAS, AZ | 39 | $6,875,000 | $176,282 | $3,775 | 3.23% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX | 21 | $6,375,000 | $303,571 | $5,475 | 2.99% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA | 16 | $5,720,000 | $357,500 | $4,512 | 3.09% |
| SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA | 7 | $5,625,000 | $803,571 | $5,327 | 3.06% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX | 22 | $4,930,000 | $224,091 | $5,468 | 2.96% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | 20 | $4,670,000 | $233,500 | $4,700 | 3.40% |
| ALBUQUERQUE, NM | 15 | $4,455,000 | $297,000 | $4,720 | 3.19% |
| LAKE HAVASU CITY-KINGMAN, AZ | 21 | $4,315,000 | $205,476 | $4,322 | 3.26% |
| ELKHART-GOSHEN, IN | 17 | $3,895,000 | $229,118 | $5,934 | 3.03% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA | 7 | $3,835,000 | $547,857 | $4,909 | 3.11% |
| TACOMA-LAKEWOOD, WA | 9 | $3,765,000 | $418,333 | $6,791 | 2.89% |
| RALEIGH-CARY, NC | 12 | $3,280,000 | $273,333 | $4,555 | 3.42% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI | 12 | $3,120,000 | $260,000 | $2,937 | 2.98% |
| KAHULUI-WAILUKU-LAHAINA, HI | 6 | $3,020,000 | $503,333 | $10,017 | 3.77% |
| SAN RAFAEL, CA | 2 | $2,190,000 | $1,095,000 | $10,279 | 3.06% |
| PROVO-OREM, UT | 5 | $2,045,000 | $409,000 | $5,432 | 3.37% |
| LAS CRUCES, NM | 7 | $1,835,000 | $262,143 | $3,886 | 3.15% |
| BAKERSFIELD, CA | 5 | $1,825,000 | $365,000 | $4,584 | 2.78% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN | 7 | $1,815,000 | $259,286 | $4,391 | 3.43% |
| SANTA MARIA-SANTA BARBARA, CA | 3 | $1,735,000 | $578,333 | $3,236 | 3.12% |
| CAPE CORAL-FORT MYERS, FL | 9 | $1,655,000 | $183,889 | $4,538 | 3.43% |
| SOUTH BEND-MISHAWAKA, IN-MI | 6 | $1,580,000 | $263,333 | $6,511 | 3.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA | 4 | $1,540,000 | $385,000 | $4,111 | 3.15% |
| MILWAUKEE-WAUKESHA, WI | 6 | $1,480,000 | $246,667 | $3,434 | 3.20% |
| BELLINGHAM, WA | 2 | $1,400,000 | $700,000 | $12,612 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL | 5 | $1,395,000 | $279,000 | $4,198 | 2.65% |
| GRAND JUNCTION, CO | 4 | $1,390,000 | $347,500 | $3,282 | 3.03% |
| BLOOMINGTON, IL | 5 | $1,355,000 | $271,000 | $3,187 | 2.88% |
| LAKE COUNTY-KENOSHA COUNTY, IL-WI | 2 | $1,340,000 | $670,000 | $5,704 | 2.94% |
| YUMA, AZ | 5 | $1,255,000 | $251,000 | $3,587 | 2.78% |
| MADISON, WI | 5 | $1,255,000 | $251,000 | $5,274 | 2.76% |
| OGDEN-CLEARFIELD, UT | 3 | $1,175,000 | $391,667 | $5,019 | 3.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA | 3 | $1,145,000 | $381,667 | $3,814 | 3.00% |
| YAKIMA, WA | 3 | $1,105,000 | $368,333 | $3,087 | 2.58% |
| CHAMPAIGN-URBANA, IL | 3 | $1,075,000 | $358,333 | $3,689 | 3.29% |
| VALLEJO, CA | 2 | $1,060,000 | $530,000 | $4,421 | 3.00% |
| JACKSONVILLE, FL | 2 | $1,050,000 | $525,000 | $7,081 | 3.13% |
| NAPLES-MARCO ISLAND, FL | 1 | $995,000 | $995,000 | $8,520 | 3.50% |
| WENATCHEE, WA | 3 | $995,000 | $331,667 | $3,434 | 3.29% |
| ELGIN, IL | 4 | $920,000 | $230,000 | $3,504 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL | 3 | $875,000 | $291,667 | $4,534 | 3.21% |
| LUBBOCK, TX | 2 | $870,000 | $435,000 | $4,924 | 2.94% |
| BEAUMONT-PORT ARTHUR, TX | 3 | $855,000 | $285,000 | $3,294 | 3.67% |
| KANKAKEE, IL | 3 | $845,000 | $281,667 | $2,888 | 3.17% |
| SALT LAKE CITY, UT | 2 | $830,000 | $415,000 | $6,795 | 2.88% |
| MIAMI-MIAMI BEACH-KENDALL, FL | 1 | $785,000 | $785,000 | $16,708 | 3.25% |
| PUEBLO, CO | 4 | $780,000 | $195,000 | $3,186 | 3.56% |
| ST. GEORGE, UT | 3 | $755,000 | $251,667 | $5,028 | 3.08% |
| CORPUS CHRISTI, TX | 3 | $755,000 | $251,667 | $6,480 | 2.71% |
| BOISE CITY, ID | 2 | $720,000 | $360,000 | $6,216 | 2.63% |
| WINSTON-SALEM, NC | 1 | $695,000 | $695,000 | $4,296 | 3.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL | 2 | $670,000 | $335,000 | $8,883 | 2.75% |
| COEUR D'ALENE, ID | 2 | $650,000 | $325,000 | $4,256 | 2.63% |
| DURHAM-CHAPEL HILL, NC | 1 | $625,000 | $625,000 | $6,061 | 3.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL | 2 | $600,000 | $300,000 | $4,543 | 3.18% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR | 3 | $595,000 | $198,333 | $2,634 | 2.83% |
| SANTA CRUZ-WATSONVILLE, CA | 1 | $585,000 | $585,000 | $3,123 | 2.88% |
| KOKOMO, IN | 3 | $525,000 | $175,000 | $2,402 | 3.21% |
| COLLEGE STATION-BRYAN, TX | 2 | $520,000 | $260,000 | $5,422 | 3.31% |
| SPOKANE-SPOKANE VALLEY, WA | 2 | $520,000 | $260,000 | $3,210 | 2.69% |
| KNOXVILLE, TN | 1 | $515,000 | $515,000 | $4,821 | 2.75% |
| KALAMAZOO-PORTAGE, MI | 1 | $515,000 | $515,000 | $4,064 | 3.38% |
| NAPA, CA | 1 | $495,000 | $495,000 | $8,987 | 3.50% |
| STOCKTON, CA | 1 | $485,000 | $485,000 | $4,214 | 3.50% |
| LAKELAND-WINTER HAVEN, FL | 2 | $480,000 | $240,000 | $6,302 | 3.38% |
| EUGENE-SPRINGFIELD, OR | 1 | $465,000 | $465,000 | $68 | 2.25% |
| GARY, IN | 2 | $460,000 | $230,000 | $2,672 | 3.12% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA | 1 | $445,000 | $445,000 | $5,480 | 4.13% |
| JANESVILLE-BELOIT, WI | 2 | $440,000 | $220,000 | $5,342 | 2.81% |
| CORVALLIS, OR | 1 | $425,000 | $425,000 | $8,107 | 3.99% |
| EL CENTRO, CA | 1 | $425,000 | $425,000 | $2,931 | 2.75% |
| LOGAN, UT-ID | 1 | $415,000 | $415,000 | $3,044 | 2.88% |
| DES MOINES-WEST DES MOINES, IA | 1 | $415,000 | $415,000 | $1,520 | 2.88% |
| SANTA FE, NM | 1 | $395,000 | $395,000 | $3,129 | 3.13% |
| OLYMPIA-LACEY-TUMWATER, WA | 1 | $385,000 | $385,000 | $2,955 | 2.63% |
| MCALLEN-EDINBURG-MISSION, TX | 3 | $365,000 | $121,667 | $5,548 | 3.73% |
| COLUMBUS, OH | 2 | $360,000 | $180,000 | $3,411 | 2.81% |
| OMAHA-COUNCIL BLUFFS, NE-IA | 2 | $340,000 | $170,000 | $2,769 | 2.75% |
| FAYETTEVILLE, NC | 1 | $325,000 | $325,000 | $4,059 | 3.13% |
| OCALA, FL | 2 | $320,000 | $160,000 | $5,050 | 3.13% |
| REDDING, CA | 1 | $315,000 | $315,000 | $3,374 | 2.75% |
| MEDFORD, OR | 1 | $315,000 | $315,000 | $4,587 | 2.50% |
| SAVANNAH, GA | 1 | $305,000 | $305,000 | $4,014 | 3.00% |
| BEND, OR | 1 | $275,000 | $275,000 | $4,405 | 3.25% |
| SHERMAN-DENISON, TX | 1 | $275,000 | $275,000 | $4,392 | 2.75% |
| BURLINGTON, NC | 1 | $255,000 | $255,000 | $3,741 | 3.50% |
| YUBA CITY, CA | 1 | $255,000 | $255,000 | $5,918 | 3.50% |
| GRANTS PASS, OR | 1 | $255,000 | $255,000 | $4,451 | 3.75% |
| MADERA, CA | 1 | $245,000 | $245,000 | $2,668 | 2.63% |
| BROWNSVILLE-HARLINGEN, TX | 1 | $245,000 | $245,000 | $11,644 | 2.25% |
| GREEN BAY, WI | 1 | $235,000 | $235,000 | $3,128 | 3.25% |
| MUNCIE, IN | 1 | $215,000 | $215,000 | $2,116 | 2.88% |
| PORT ST. LUCIE, FL | 1 | $215,000 | $215,000 | $9,098 | 2.88% |
| AMARILLO, TX | 1 | $205,000 | $205,000 | $3,556 | 2.46% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | 1 | $205,000 | $205,000 | $2,478 | 3.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL | 1 | $205,000 | $205,000 | $4,457 | 2.50% |
| WICHITA FALLS, TX | 1 | $195,000 | $195,000 | $0 | 3.63% |
| PUNTA GORDA, FL | 1 | $195,000 | $195,000 | $6,132 | 4.13% |
| EL PASO, TX | 1 | $185,000 | $185,000 | $3,950 | 2.75% |
| LANSING-EAST LANSING, MI | 1 | $185,000 | $185,000 | $3,129 | 2.75% |
| GAINESVILLE, GA | 1 | $175,000 | $175,000 | $3,878 | 3.25% |
| MODESTO, CA | 1 | $175,000 | $175,000 | $2,538 | 2.75% |
| FRESNO, CA | 1 | $165,000 | $165,000 | $3,173 | 3.38% |
| BLOOMINGTON, IN | 1 | $165,000 | $165,000 | $2,558 | 2.75% |
| THE VILLAGES, FL | 1 | $165,000 | $165,000 | $3,496 | 2.99% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL | 1 | $155,000 | $155,000 | $5,982 | 3.25% |
| ST. CLOUD, MN | 1 | $155,000 | $155,000 | $2,570 | 3.38% |
| CHICO, CA | 1 | $135,000 | $135,000 | $6,422 | 4.63% |
| WARREN-TROY-FARMINGTON HILLS, MI | 1 | $125,000 | $125,000 | $3,937 | 2.50% |
| KINGSPORT-BRISTOL, TN-VA | 1 | $85,000 | $85,000 | $3,248 | 3.37% |
| ROCKFORD, IL | 1 | $85,000 | $85,000 | $3,531 | 2.99% |
| MEMPHIS, TN-MS-AR | 1 | $55,000 | $55,000 | $3,672 | 3.75% |
| ST. LOUIS, MO-IL | 1 | $55,000 | $55,000 | $3,450 | 4.25% |
V.i.p. Mortgage 's top markets include Phoenix, Tucson, Denver, Colorado Springs, and San Antonio among others.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 7,140 | $2,089,580,000 | $292,658 |
| 2.5-3% | 7,002 | $2,187,720,000 | $312,442 |
| <2.5% | 1,294 | $398,430,000 | $307,906 |
| 4-5% | 913 | $235,975,000 | $258,461 |
| 5-6% | 68 | $18,850,000 | $277,206 |
During 2020, V.i.p. Mortgage 's average interest rate was 3.21%, while their most frequently originated rate bucket was 3-4%, with 7,140 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 9,357 | $2,671,205,000 | $285,477 | $4,796 | 3.17% |
| $100k-200k | 3,531 | $563,155,000 | $159,489 | $3,644 | 3.24% |
| $400k-600k | 2,792 | $1,314,620,000 | $470,852 | $4,971 | 3.07% |
| $600k-1MM | 383 | $278,875,000 | $728,133 | $7,257 | 3.18% |
| $100,000 or less | 289 | $23,625,000 | $81,747 | $3,145 | 3.31% |
| $1MM+ | 65 | $79,075,000 | $1,216,538 | $9,636 | 3.16% |
2020 saw V.i.p. Mortgage place emphasis on $200k-400k loans with 9,357 originations, totaling $2,671,205,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 3,607 | $1,172,085,000 | $324,947 | $4,560 | 3.16% |
| $50k-75k | 3,469 | $831,345,000 | $239,650 | $4,869 | 3.23% |
| $75k-100k | 2,923 | $827,485,000 | $283,094 | $4,763 | 3.21% |
| $50k or less | 2,635 | $573,465,000 | $217,634 | $4,291 | 3.09% |
| $150k-250k | 2,553 | $985,435,000 | $385,991 | $4,555 | 3.15% |
| $250k+ | 992 | $465,660,000 | $469,415 | $4,968 | 3.18% |
V.i.p. Mortgage lent most frequently to those with incomes in the $100k-150k range, with 3,607 originations. The second most popular income band? $50k-75k, with 3,469 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 3,740 | $1,137,130,000 | $304,045 | $4,113 | 3.11% |
| 30-36% | 2,795 | $860,435,000 | $307,848 | $4,523 | 3.20% |
| <20% | 1,605 | $470,855,000 | $293,368 | $3,567 | 3.04% |
| 44% | 713 | $203,805,000 | $285,842 | $5,512 | 3.34% |
| 43% | 603 | $173,675,000 | $288,018 | $5,164 | 3.31% |
| 41% | 565 | $169,575,000 | $300,133 | $4,968 | 3.31% |
| 42% | 559 | $162,365,000 | $290,456 | $5,103 | 3.32% |
| 39% | 540 | $168,600,000 | $312,222 | $4,849 | 3.25% |
| 37% | 529 | $163,845,000 | $309,726 | $4,878 | 3.22% |
| 36% | 512 | $157,440,000 | $307,500 | $4,828 | 3.23% |
| 40% | 506 | $155,680,000 | $307,668 | $5,005 | 3.26% |
| 38% | 506 | $157,350,000 | $310,968 | $4,940 | 3.22% |
| 49% | 437 | $130,625,000 | $298,913 | $5,322 | 3.27% |
| 50-60% | 426 | $120,990,000 | $284,014 | $8,490 | 3.22% |
| 45% | 369 | $107,435,000 | $291,152 | $5,356 | 3.20% |
| 47% | 369 | $107,215,000 | $290,556 | $5,293 | 3.27% |
| 46% | 342 | $100,200,000 | $292,982 | $5,367 | 3.25% |
| 48% | 314 | $94,410,000 | $300,669 | $5,446 | 3.21% |
| >60% | 22 | $7,010,000 | $318,636 | $6,495 | 3.40% |
V.i.p. Mortgage lent most frequently to those with DTI ratios of 20-30%, with 3,740 originations. The next most common DTI ratio? 30-36%, with 2,795 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 14,378 | $4,305,360,000 | $299,441 | $4,537 | 3.16% |
| Not provided | 931 | $280,435,000 | $301,219 | $5,240 | 3.20% |
| Asian | 550 | $181,490,000 | $329,982 | $5,041 | 3.21% |
| Black | 403 | $117,445,000 | $291,427 | $5,589 | 3.23% |
| American Indian | 86 | $23,540,000 | $273,721 | $5,718 | 3.12% |
| Native Hawaiian | 69 | $22,285,000 | $322,971 | $5,998 | 3.20% |
Approval Rates
Total approvals of all applications95.30%
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 origination87.24%
V.i.p. Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 16,417 | $4,930,555,000 | $300,332 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 114 | $21,000,000 | $184,211 |
| Single Family (1-4 Units):Site-Built | 16,303 | $4,909,555,000 | $301,144 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 564 | $117,960,000 | $209,149 | $3,333 | 2.96% |
| 40-60% | 2,501 | $674,565,000 | $269,718 | $3,342 | 3.01% |
| 60-80% | 6,104 | $1,928,430,000 | $315,929 | $3,922 | 3.21% |
| 80-100% | 6,530 | $1,997,280,000 | $305,862 | $5,721 | 3.23% |
| Over 100% | 283 | $96,525,000 | $341,078 | $11,124 | 2.94% |
| Under 20% | 31 | $5,585,000 | $180,161 | $3,618 | 2.95% |