Dignified Home Loans Mortgage Rates, Fees & Info

WESTLAKE VILLAGE, CA

LEI: 549300QD23LICPXTPB55

Tax ID: 27-2070732

3.9 stars - out of 5 stars, based on 57 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Dignified Home Loans is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Dignified Home Loans 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 Los Angeles, Bakersfield, Oxnard, Riverside, and San Luis Obispo among others. Dignified Home Loans has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Dignified Home Loans is typically a high fee lendor.


Originations

3,194

Origination Dollar Volume (All Markets)

$1,127,520,000
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Relative Rate

Dignified Home Loans 's average 30 year fixed rate mortgage of loans were 3.08%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.07%.

Relative Fees

Dignified Home Loans 's average total fees for a 30 year fixed rate mortgage are $6,068.

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 $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 602 $262,030,000 $435,266 $6,003 2.98%
BAKERSFIELD, CA (FHA|USDA|VA) 926 $238,530,000 $257,592 $5,941 2.94%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 397 $168,465,000 $424,345 $6,716 3.05%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 280 $99,570,000 $355,607 $5,518 3.09%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 206 $86,100,000 $417,961 $5,851 3.05%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 129 $61,845,000 $479,419 $5,516 3.01%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 197 $51,215,000 $259,975 $5,176 3.08%
STOCKTON, CA (FHA|USDA|VA) 110 $28,580,000 $259,818 $5,551 2.84%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 71 $26,755,000 $376,831 $5,026 2.94%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 38 $14,220,000 $374,211 $6,518 3.18%
SALINAS, CA (FHA|USDA|VA) 18 $12,920,000 $717,778 $6,995 3.15%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 26 $12,600,000 $484,615 $6,953 2.74%
Gardnerville Ranchos, NV (FHA|USDA|VA) 21 $8,205,000 $390,714 $6,096 3.04%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 14 $7,330,000 $523,571 $5,305 3.13%
CARSON CITY, NV (FHA|USDA|VA) 18 $5,090,000 $282,778 $5,321 3.07%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $4,330,000 $721,667 $6,348 3.19%
BOISE CITY, ID (FHA|USDA|VA) 11 $3,775,000 $343,182 $3,884 3.38%
FRESNO, CA (FHA|USDA|VA) 9 $3,385,000 $376,111 $5,504 3.07%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 9 $2,755,000 $306,111 $3,787 3.14%
Outside of Metro Areas 6 $2,340,000 $390,000 $4,631 3.17%
Outside of Metro Areas 15 $2,075,000 $138,333 $1,745 1.75%
YUBA CITY, CA (FHA|USDA|VA) 4 $1,940,000 $485,000 $4,207 2.91%
RENO, NV (FHA|USDA|VA) 5 $1,905,000 $381,000 $7,273 3.02%
MERCED, CA (FHA|USDA|VA) 6 $1,670,000 $278,333 $6,139 3.35%
MODESTO, CA (FHA|USDA|VA) 5 $1,635,000 $327,000 $4,580 3.07%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $1,545,000 $515,000 $6,142 2.75%
Fernley, NV (FHA|USDA|VA) 6 $1,410,000 $235,000 $6,750 3.25%
VISALIA, CA (FHA|USDA|VA) 6 $1,260,000 $210,000 $6,279 3.31%
Sonora, CA (FHA|USDA|VA) 3 $1,075,000 $358,333 $3,945 3.42%
PEORIA, IL (FHA|USDA|VA) 3 $825,000 $275,000 $7,533 3.79%
GREELEY, CO (FHA|USDA|VA) 2 $800,000 $400,000 $4,309 3.38%
VALLEJO, CA (FHA|USDA|VA) 2 $790,000 $395,000 $4,106 3.44%
SALEM, OR (FHA|USDA|VA) 2 $770,000 $385,000 $3,407 2.69%
PROVO-OREM, UT (FHA|USDA|VA) 2 $690,000 $345,000 $3,684 3.19%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $685,000 $228,333 $3,999 3.33%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $670,000 $335,000 $3,343 3.06%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $650,000 $325,000 $6,203 3.19%
Clearlake, CA (FHA|USDA|VA) 2 $620,000 $310,000 $10,023 3.38%
MADERA, CA (FHA|USDA|VA) 3 $595,000 $198,333 $6,581 2.79%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $545,000 $545,000 $3,146 2.63%
TUCSON, AZ (FHA|USDA|VA) 2 $540,000 $270,000 $4,999 3.25%
REDDING, CA (FHA|USDA|VA) 2 $530,000 $265,000 $6,547 2.94%
ST. GEORGE, UT (FHA|USDA|VA) 1 $455,000 $455,000 $5,829 2.63%
CHICO, CA (FHA|USDA|VA) 2 $410,000 $205,000 $3,464 3.00%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $370,000 $185,000 $2,656 2.94%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $345,000 $345,000 $3,529 2.75%
Pahrump, NV (FHA|USDA|VA) 2 $330,000 $165,000 $7,497 2.94%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $325,000 $325,000 $7,736 3.49%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $295,000 $295,000 $1,421 2.25%
Red Bluff, CA (FHA|USDA|VA) 1 $245,000 $245,000 $2,988 2.75%
Ellensburg, WA (FHA|USDA|VA) 1 $205,000 $205,000 $4,089 3.38%
Sandpoint, ID (FHA|USDA|VA) 1 $205,000 $205,000 $5,185 3.00%
Cedar City, UT (FHA|USDA|VA) 1 $195,000 $195,000 $7,379 3.63%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $195,000 $195,000 $4,194 3.38%
GRANTS PASS, OR (FHA|USDA|VA) 1 $195,000 $195,000 $3,120 2.87%
Payson, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $2,681 2.88%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $175,000 $175,000 $4,703 3.00%
YUMA, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $4,316 3.63%

Dignified Home Loans 's top markets include Los Angeles, Bakersfield, Oxnard, Riverside, and San Luis Obispo among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,639 $931,365,000 $352,923 $5,216 3.02%
FHA 372 $121,530,000 $326,694 $10,496 2.98%
VA 170 $71,230,000 $419,000 $8,033 2.68%
USDA 13 $3,395,000 $261,154 $6,684 2.80%

For the 2021 period, Dignified Home Loans 's most frequently originated loan type of loans were Conventional, with 2,639 originations. Their 2nd most popular type is FHA, with 372 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,407 $495,015,000 $351,823 $7,190 2.97%
Refi 1,024 $357,730,000 $349,346 $4,672 2.93%
Cash Out Refi 757 $269,785,000 $356,387 $5,361 3.14%
Other 6 $4,990,000 $831,667 $0 2.84%

For the 2021, Dignified Home Loans 's most frequently cited loan purpose of loans were Home Purchase, with 1,407 originations. The 2nd most popular reason of loans were Refi, with 1,024 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,831 $1,040,855,000 $367,663 $6,068 3.08%
Other 149 $29,025,000 $194,799 $2,832 1.81%
15 Year 136 $34,620,000 $254,559 $4,265 2.58%
20 Year 67 $20,935,000 $312,463 $4,251 2.83%
10 Year 10 $2,080,000 $208,000 $4,330 2.55%
3 Year 1 $5,000 $5,000 $0 0.00%

For the 2021, Dignified Home Loans 's most frequently cited loan length of loans were 30 Year, with 2,831 originations. The 2nd most popular length of loans were Other, with 149 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,615 $594,845,000 $368,325
$3k-4k 470 $155,020,000 $329,830
$5k+ 401 $184,585,000 $460,312
$2k-3k 361 $107,455,000 $297,659
$<1k 298 $68,660,000 $230,403

$6,068 of loans were Dignified Home Loans 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,615 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,376 $507,970,000 $369,164
2.5-3% 1,351 $491,505,000 $363,808
<2.5% 379 $101,945,000 $268,984
4-5% 59 $17,655,000 $299,237
5-6% 11 $6,235,000 $566,818
6-7% 8 $1,200,000 $150,000
7-8% 3 $455,000 $151,667

During 2021, Dignified Home Loans 's average interest rate of loans were 3.08%, while their most frequently originated rate bucket of loans were 3-4%, with 1,376 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,559 $467,165,000 $299,657 $5,557 3.07%
$400k-600k 818 $398,790,000 $487,518 $6,396 3.02%
$100k-200k 431 $69,095,000 $160,313 $4,362 3.13%
$600k-1MM 231 $164,305,000 $711,277 $9,108 3.11%
$100,000 or less 137 $3,405,000 $24,854 $1,473 1.27%
$1MM+ 18 $24,760,000 $1,375,556 $12,851 3.09%

2021 saw Dignified Home Loans place emphasis on $200k-400k loans with 1,559 originations, totaling $467,165,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 807 $312,755,000 $387,553 $5,920 3.02%
$50k-75k 662 $175,820,000 $265,589 $5,941 2.94%
$75k-100k 660 $211,040,000 $319,758 $5,804 2.93%
$150k-250k 532 $251,140,000 $472,068 $5,825 3.11%
$50k or less 363 $83,965,000 $231,309 $5,279 2.88%
$250k+ 168 $91,470,000 $544,464 $7,120 3.25%

Dignified Home Loans lent most frequently to those with incomes in the $100k-150k range, with 807 originations. The second most popular income band? $50k-75k, with 662 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 548 $187,170,000 $341,551 $4,827 2.95%
30-36% 515 $189,485,000 $367,932 $5,551 3.02%
<20% 219 $57,515,000 $262,626 $4,868 2.68%
44% 163 $61,485,000 $377,209 $6,967 3.13%
50-60% 155 $51,745,000 $333,839 $10,316 2.96%
37% 138 $48,190,000 $349,203 $5,472 3.17%
49% 131 $48,775,000 $372,328 $6,974 3.09%
43% 131 $49,045,000 $374,389 $6,001 3.09%
38% 130 $46,910,000 $360,846 $5,723 2.97%
42% 128 $46,740,000 $365,156 $5,365 3.12%
41% 118 $42,270,000 $358,220 $5,639 3.04%
40% 118 $44,540,000 $377,458 $6,468 3.05%
47% 114 $39,230,000 $344,123 $6,212 3.05%
45% 112 $38,890,000 $347,232 $5,804 3.02%
46% 110 $39,170,000 $356,091 $6,286 3.07%
48% 99 $38,545,000 $389,343 $6,037 3.07%
39% 93 $36,265,000 $389,946 $5,338 3.04%
36% 88 $29,250,000 $332,386 $5,032 3.03%
>60% 40 $15,320,000 $383,000 $7,659 2.70%

Dignified Home Loans lent most frequently to those with DTI ratios of 20-30%, with 548 originations. The next most common DTI ratio? 30-36%, with 515 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,639 $933,915,000 $353,890 $5,857 3.00%
Asian 281 $98,825,000 $351,690 $5,772 3.09%
Not provided 136 $50,200,000 $369,118 $6,275 2.79%
Black 100 $31,690,000 $316,900 $6,273 2.88%
American Indian 30 $10,290,000 $343,000 $6,095 3.04%
Native Hawaiian 8 $2,600,000 $325,000 $4,081 3.28%

Approval Rates

Total approvals of all applications
97.85%

Dignified Home Loans 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
74.84%

Dignified Home Loans has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,194 $1,127,520,000 $353,012

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,194 $1,127,520,000 $353,012

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 224 $60,950,000 $272,098 $4,347 2.99%
40-60% 642 $223,260,000 $347,757 $4,658 2.98%
60-80% 1,090 $418,330,000 $383,789 $5,485 3.13%
80-100% 1,049 $398,765,000 $380,138 $7,248 3.08%
Over 100% 39 $18,155,000 $465,513 $15,998 2.78%
Under 20% 148 $6,730,000 $45,473 $1,519 1.52%