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 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 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, Denver, Hilo, and Colorado Springs among others. We have data for 184 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% | 4/22/24 |
| 30 Year Conventional Refi | 6.62% | 4/22/24 |
| 30 Year Cash-out Refi | 6.86% | 4/22/24 |
| 30 Year FHA Purchase | 7.59% | 4/22/24 |
| 30 Year FHA Refi | 7.10% | 4/22/24 |
| 30 Year VA Purchase | 6.43% | 4/22/24 |
| 30 Year VA Refi | 6.07% | 4/22/24 |
| 30 Year USDA Purchase | 6.91% | 4/22/24 |
| 15 Year Conventional Purchase | 6.26% | 4/22/24 |
| 15 Year Conventional Refi | 6.22% | 4/22/24 |
| 15 Year Cash-out Refi | 6.22% | 4/22/24 |
| 15 Year FHA Purchase | 5.68% | 4/22/24 |
| 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
16,417Origination Dollar Volume (All Markets)
$4,930,555,000Awards
V.I.P. MORTGAGE - 2020
V.I.P. MORTGAGE is a 2020 , due to their low .
For 2020, 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) | 8,474 | $2,500,160,000 | $295,039 | $4,770 | 3.22% |
| TUCSON, AZ (FHA|USDA|VA) | 2,990 | $738,770,000 | $247,080 | $3,749 | 3.12% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1,540 | $577,340,000 | $374,896 | $4,562 | 3.11% |
| Hilo, HI (FHA|USDA|VA) | 440 | $167,080,000 | $379,727 | $6,186 | 3.15% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 499 | $162,975,000 | $326,603 | $4,286 | 3.10% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 436 | $123,890,000 | $284,151 | $5,761 | 3.18% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 337 | $100,305,000 | $297,641 | $6,628 | 2.97% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 132 | $60,020,000 | $454,697 | $3,993 | 3.02% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 74 | $34,780,000 | $470,000 | $4,787 | 3.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 112 | $33,370,000 | $297,946 | $4,474 | 3.12% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 61 | $30,935,000 | $507,131 | $4,822 | 3.12% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 83 | $27,085,000 | $326,325 | $4,305 | 3.10% |
| Outside of Metro Areas | 83 | $25,625,000 | $308,735 | $4,651 | 3.08% |
| FORT WAYNE, IN (FHA|USDA|VA) | 120 | $24,570,000 | $204,750 | $4,320 | 3.15% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 77 | $23,595,000 | $306,429 | $3,876 | 3.22% |
| Show Low, AZ (FHA|USDA|VA) | 84 | $21,310,000 | $253,690 | $4,552 | 3.10% |
| Payson, AZ (FHA|USDA|VA) | 71 | $19,805,000 | $278,944 | $4,054 | 3.17% |
| GREELEY, CO (FHA|USDA|VA) | 56 | $19,210,000 | $343,036 | $4,439 | 3.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 39 | $16,495,000 | $422,949 | $4,226 | 3.30% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 21 | $15,615,000 | $743,571 | $6,064 | 3.15% |
| BOULDER, CO (FHA|USDA|VA) | 22 | $9,080,000 | $412,727 | $4,062 | 3.02% |
| FORT COLLINS, CO (FHA|USDA|VA) | 26 | $8,870,000 | $341,154 | $4,873 | 3.13% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 22 | $8,500,000 | $386,364 | $3,989 | 3.32% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 17 | $7,825,000 | $460,294 | $4,023 | 3.32% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 20 | $7,660,000 | $383,000 | $6,453 | 3.37% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 15 | $6,895,000 | $459,667 | $9,076 | 3.18% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 39 | $6,875,000 | $176,282 | $3,775 | 3.23% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 21 | $6,375,000 | $303,571 | $5,475 | 2.99% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 16 | $5,720,000 | $357,500 | $4,512 | 3.09% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 22 | $4,930,000 | $224,091 | $5,468 | 2.96% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 20 | $4,670,000 | $233,500 | $4,700 | 3.40% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 15 | $4,455,000 | $297,000 | $4,720 | 3.19% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 21 | $4,315,000 | $205,476 | $4,322 | 3.26% |
| Breckenridge, CO (FHA|USDA|VA) | 9 | $4,045,000 | $449,444 | $6,910 | 3.10% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 17 | $3,895,000 | $229,118 | $5,934 | 3.03% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $3,835,000 | $547,857 | $4,909 | 3.11% |
| Nogales, AZ (FHA|USDA|VA) | 16 | $3,310,000 | $206,875 | $3,855 | 3.05% |
| Kerrville, TX (FHA|USDA|VA) | 13 | $3,285,000 | $252,692 | $8,616 | 2.78% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 12 | $3,280,000 | $273,333 | $4,555 | 3.42% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 12 | $3,120,000 | $260,000 | $2,937 | 2.98% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 6 | $3,020,000 | $503,333 | $10,017 | 3.77% |
| Edwards, CO (FHA|USDA|VA) | 5 | $2,425,000 | $485,000 | $3,545 | 3.30% |
| Cañon City, CO (FHA|USDA|VA) | 9 | $2,245,000 | $249,444 | $4,074 | 3.47% |
| PROVO-OREM, UT (FHA|USDA|VA) | 5 | $2,045,000 | $409,000 | $5,432 | 3.37% |
| Angola, IN (FHA|USDA|VA) | 8 | $2,020,000 | $252,500 | $3,406 | 2.89% |
| Steamboat Springs, CO (FHA|USDA|VA) | 4 | $1,970,000 | $492,500 | $5,108 | 3.09% |
| Warsaw, IN (FHA|USDA|VA) | 8 | $1,870,000 | $233,750 | $4,307 | 3.55% |
| LAS CRUCES, NM (FHA|USDA|VA) | 7 | $1,835,000 | $262,143 | $3,886 | 3.15% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $1,825,000 | $365,000 | $4,584 | 2.78% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 7 | $1,815,000 | $259,286 | $4,391 | 3.43% |
| Auburn, IN (FHA|USDA|VA) | 8 | $1,790,000 | $223,750 | $4,801 | 3.19% |
| Kendallville, IN (FHA|USDA|VA) | 8 | $1,790,000 | $223,750 | $4,428 | 3.47% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,735,000 | $578,333 | $3,236 | 3.12% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 9 | $1,655,000 | $183,889 | $4,538 | 3.43% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $6,511 | 3.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,540,000 | $385,000 | $4,111 | 3.15% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $3,434 | 3.20% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $1,400,000 | $700,000 | $12,612 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $4,198 | 2.65% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $3,282 | 3.03% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 5 | $1,355,000 | $271,000 | $3,187 | 2.88% |
| Heber, UT (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $5,197 | 2.79% |
| Durango, CO (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $4,618 | 2.93% |
| MADISON, WI (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $5,274 | 2.76% |
| YUMA, AZ (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $3,587 | 2.78% |
| Granbury, TX (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $4,346 | 3.10% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $5,019 | 3.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $3,814 | 3.00% |
| YAKIMA, WA (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $3,087 | 2.58% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $3,689 | 3.29% |
| Kapaa, HI (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $4,946 | 3.43% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $4,421 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $7,081 | 3.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $8,520 | 3.50% |
| WENATCHEE, WA (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $3,434 | 3.29% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $4,095 | 4.21% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $4,534 | 3.21% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $4,924 | 2.94% |
| Athens, TX (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $4,855 | 2.75% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $3,294 | 3.67% |
| KANKAKEE, IL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $2,888 | 3.17% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $6,795 | 2.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $16,708 | 3.25% |
| PUEBLO, CO (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $3,186 | 3.56% |
| Centralia, WA (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $5,265 | 3.38% |
| ST. GEORGE, UT (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $5,028 | 3.08% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $6,480 | 2.71% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $6,216 | 2.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $4,296 | 3.25% |
| Huntington, IN (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $4,062 | 3.35% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $8,883 | 2.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $6,061 | 3.25% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,730 | 3.29% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,543 | 3.18% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $2,634 | 2.83% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $3,123 | 2.88% |
| Safford, AZ (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,121 | 2.99% |
| Ellensburg, WA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,151 | 2.50% |
| Gallup, NM (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,924 | 2.75% |
| KOKOMO, IN (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $2,402 | 3.21% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,422 | 3.31% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,210 | 2.69% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,821 | 2.75% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $4,064 | 3.38% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,024 | 3.50% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,488 | 2.75% |
| NAPA, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $8,987 | 3.50% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,214 | 3.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $6,302 | 3.38% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $68 | 2.25% |
| Hood River, OR (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,628 | 2.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,480 | 4.13% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,705 | 3.13% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,342 | 2.81% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,416 | 2.38% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,931 | 2.75% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,107 | 3.99% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $1,520 | 2.88% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,044 | 2.88% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,533 | 2.99% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,129 | 3.13% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,955 | 2.63% |
| Bluffton, IN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,595 | 3.38% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $5,548 | 3.73% |
| Plymouth, IN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,042 | 3.38% |
| Clovis, NM (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,108 | 2.87% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,411 | 2.81% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,769 | 2.75% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,163 | 3.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,059 | 3.13% |
| Decatur, IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,389 | 2.75% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,072 | 3.00% |
| Outside of Metro Areas | 1 | $325,000 | $325,000 | $4,256 | 2.63% |
| OCALA, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,050 | 3.13% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,587 | 2.50% |
| REDDING, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,374 | 2.75% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,081 | 3.13% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,014 | 3.00% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,465 | 2.50% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,824 | 3.63% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,928 | 3.13% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,102 | 2.50% |
| BEND, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,405 | 3.25% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,709 | 2.88% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,238 | 3.13% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,392 | 2.75% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,562 | 3.63% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,451 | 3.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,741 | 3.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,918 | 3.50% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,038 | 2.88% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,644 | 2.25% |
| MADERA, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,668 | 2.63% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,128 | 3.25% |
| La Grande, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,634 | 3.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,116 | 2.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,098 | 2.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,478 | 3.88% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,556 | 2.46% |
| Newport, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,691 | 2.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,457 | 2.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,132 | 4.13% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.63% |
| Roswell, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,199 | 3.75% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,950 | 2.75% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,129 | 2.75% |
| New Castle, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,522 | 3.88% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,538 | 2.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,878 | 3.25% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,496 | 2.99% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,558 | 2.75% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,173 | 3.38% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,982 | 3.25% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,268 | 2.50% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,884 | 3.13% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,570 | 3.38% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,839 | 2.75% |
| CHICO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,422 | 4.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,937 | 2.50% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,974 | 2.85% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,531 | 2.99% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,248 | 3.37% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,450 | 4.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,672 | 3.75% |
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Product Mix
For 2020, V.i.p. Mortgage's most frequently originated type of loan was Conventional, with 13,198 originations. Their 2nd most popular type was FHA, with 1,499 originations.
Loan Reason
For 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
For 2020, V.i.p. Mortgage's most frequently cited loan duration was 30 Year, with 14,574 originations. The 2nd most popular length was 15 Year, with 1,112 originations.
Origination Fees/Closing Costs
V.i.p. Mortgage's average total fees were $4,802, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 11,572 originations.
Interest Rates
During 2020, V.i.p. Mortgage's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 3-4%, with 7,137 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications97.06%
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 origination86.99%
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
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| V.I.P. MORTGAGE, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| V.I.P. MORTGAGE, INC. | VA mortgage | Closing on a mortgage | 1 | 33.3% |
| V.I.P. MORTGAGE, INC. | VA mortgage | Trouble during payment process | 1 | 33.3% |