V.i.p. Mortgage Rates, Fees & Info
SCOTTSDALE, AZLEI: 549300PC4MFWQBNVKG88
Tax ID: 42-1720343
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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, Tucson, Colorado Springs, Dallas, and Denver among others. We have data for 107 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% | 12/17/24 |
| 30 Year Conventional Refi | 6.62% | 12/17/24 |
| 30 Year Cash-out Refi | 6.86% | 12/17/24 |
| 30 Year FHA Purchase | 7.59% | 12/17/24 |
| 30 Year FHA Refi | 7.10% | 12/17/24 |
| 30 Year VA Purchase | 6.43% | 12/17/24 |
| 30 Year VA Refi | 6.07% | 12/17/24 |
| 30 Year USDA Purchase | 6.91% | 12/17/24 |
| 15 Year Conventional Purchase | 6.26% | 12/17/24 |
| 15 Year Conventional Refi | 6.22% | 12/17/24 |
| 15 Year Cash-out Refi | 6.22% | 12/17/24 |
| 15 Year FHA Purchase | 5.68% | 12/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,077Origination Dollar Volume (All Markets)
$1,285,995,000Awards
V.I.P. MORTGAGE - 2018
V.I.P. MORTGAGE is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 2,957 | $749,455,000 | $253,451 | $5,536 | 5.10% |
| TUCSON, AZ (FHA|USDA|VA) | 1,147 | $239,265,000 | $208,601 | $4,928 | 4.91% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 170 | $47,660,000 | $280,353 | $4,982 | 4.84% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 113 | $29,395,000 | $260,133 | $5,743 | 4.92% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 74 | $26,040,000 | $351,892 | $5,313 | 5.03% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 83 | $21,725,000 | $261,747 | $6,585 | 4.64% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 50 | $21,280,000 | $425,600 | $6,576 | 4.76% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 45 | $20,775,000 | $461,667 | $7,671 | 4.55% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 43 | $19,975,000 | $464,535 | $5,836 | 4.60% |
| Hilo, HI (FHA|USDA|VA) | 27 | $9,355,000 | $346,481 | $5,720 | 4.96% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 33 | $7,645,000 | $231,667 | $5,032 | 5.04% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 18 | $7,430,000 | $412,778 | $8,491 | 5.07% |
| Outside of Metro Areas | 27 | $6,735,000 | $249,444 | $4,904 | 5.02% |
| Show Low, AZ (FHA|USDA|VA) | 26 | $5,950,000 | $228,846 | $5,179 | 5.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $4,865,000 | $695,000 | $5,486 | 4.61% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 10 | $4,480,000 | $448,000 | $10,240 | 4.70% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 17 | $4,475,000 | $263,235 | $4,850 | 5.08% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 8 | $3,870,000 | $483,750 | $5,578 | 4.61% |
| FORT WAYNE, IN (FHA|USDA|VA) | 18 | $3,110,000 | $172,778 | $3,855 | 5.01% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $3,070,000 | $511,667 | $7,801 | 4.71% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 14 | $2,750,000 | $196,429 | $5,280 | 5.25% |
| Payson, AZ (FHA|USDA|VA) | 10 | $2,530,000 | $253,000 | $4,005 | 4.80% |
| Nogales, AZ (FHA|USDA|VA) | 11 | $2,385,000 | $216,818 | $4,547 | 4.84% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $2,230,000 | $278,750 | $6,625 | 4.89% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 7 | $2,025,000 | $289,286 | $5,549 | 5.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $4,857 | 5.06% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,755,000 | $351,000 | $5,991 | 4.83% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 7 | $1,745,000 | $249,286 | $6,282 | 4.55% |
| RENO, NV (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $4,688 | 5.03% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $5,261 | 4.90% |
| GREELEY, CO (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $3,930 | 4.78% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $6,320 | 5.13% |
| Cañon City, CO (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $7,736 | 4.71% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $4,029 | 4.71% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $6,601 | 4.54% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $4,849 | 4.92% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $9,353 | 4.94% |
| MADISON, WI (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,560 | 5.25% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $13,471 | 4.44% |
| YUMA, AZ (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $5,634 | 5.47% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,691 | 4.94% |
| PUEBLO, CO (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $6,568 | 4.50% |
| Angola, IN (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,456 | 5.25% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,768 | 5.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $4,611 | 5.56% |
| Coos Bay, OR (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $7,137 | 5.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,292 | 5.06% |
| BEND, OR (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $7,973 | 5.06% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,913 | 5.06% |
| SALEM, OR (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,899 | 4.63% |
| Outside of Metro Areas | 1 | $425,000 | $425,000 | $9,886 | 4.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,583 | 4.81% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,912 | 5.19% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,394 | 5.63% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,111 | 5.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,568 | 4.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,961 | 4.75% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $6,603 | 5.25% |
| MERCED, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,838 | 4.63% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $638 | 4.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,053 | 5.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,466 | 5.25% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,630 | 5.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,641 | 5.38% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,967 | 6.12% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,709 | 4.75% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,163 | 5.50% |
| Kapaa, HI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,126 | 4.63% |
| Huntington, IN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,507 | 4.81% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,902 | 5.06% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $12,498 | 5.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,679 | 4.63% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,384 | 4.69% |
| Auburn, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,526 | 5.13% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,356 | 5.50% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,913 | 3.88% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,241 | 5.06% |
| Newport, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,179 | 4.00% |
| NAPA, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,740 | 4.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9 | 5.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,404 | 4.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,783 | 5.13% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,721 | 5.13% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,292 | 4.75% |
| Del Rio, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,599 | 4.88% |
| La Grande, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,864 | 4.88% |
| Athens, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,999 | 4.50% |
| Centralia, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,411 | 4.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,116 | 4.75% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,418 | 5.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,330 | 4.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,825 | 4.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,879 | 5.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,569 | 5.00% |
| Durango, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,316 | 5.75% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,187 | 4.88% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,847 | 5.75% |
| TYLER, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,922 | 5.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,487 | 4.88% |
| Granbury, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,314 | 5.00% |
| Bluffton, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,992 | 4.88% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,784 | 4.88% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.13% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,999 | 5.25% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,369 | 5.88% |
| Safford, AZ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,083 | 5.50% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,311 | 5.25% |
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.
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Product Mix
For 2018, V.i.p. Mortgage's most frequently originated type of loan was Conventional, with 3,841 originations. Their 2nd most popular type was FHA, with 715 originations.
Loan Reason
For 2018, V.i.p. Mortgage's most frequently cited loan purpose was Home Purchase, with 4,143 originations. The 2nd most popular reason was Cash Out Refi, with 494 originations.
Loan Duration/Length
For 2018, V.i.p. Mortgage's most frequently cited loan duration was 30 Year, with 4,821 originations. The 2nd most popular length was 15 Year, with 161 originations.
Origination Fees/Closing Costs
V.i.p. Mortgage's average total fees were $5,490, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,326 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 2,801 | $758,915,000 | $270,944 |
| 5-6% | 1,984 | $457,280,000 | $230,484 |
| 6-7% | 171 | $35,825,000 | $209,503 |
| 3-4% | 112 | $33,920,000 | $302,857 |
| <2.5% | 5 | $35,000 | $7,000 |
During 2018, V.i.p. Mortgage's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 4-5%, with 2,801 originations.
Loan Sizing
2018 saw V.i.p. Mortgage place emphasis on $200k-400k loans with 2,655 originations, totaling $726,375,000 in origination value.
Applicant Income
V.i.p. Mortgage lent most frequently to those with incomes in the $50k-75k range, with 1,323 originations. The second most popular income band? $100k-150k, with 1,072 originations.
Applicant Debt to Income Ratio
V.i.p. Mortgage lent most frequently to those with DTI ratios of 30-36%, with 808 originations. The next most common DTI ratio? 20-30%, with 772 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.95%
V.i.p. Mortgage has an average approval rate.
Pick Rate
Approvals leading to origination85.60%
V.i.p. Mortgage has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,077 | $1,285,995,000 | $253,298 |