Certainty Home Loans Mortgage Rates, Fees & Info

DOVER, DE

LEI: 549300QVQQMJ9IWR0G78

Tax ID: 75-2857425

3.4 stars - out of 5 stars, based on 61 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Certainty Home Loans is a small mortgage company specializing in Home Purchase loans. Certainty 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 by origination volume include: Atlanta, Huntsville, Houston, Savannah, and Dallas among others. We have data for 170 markets. (Some data included below & more in-depth data is available with an active subscription.)

Certainty Home Loans 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. Certainty Home Loans 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 6.45% 5/28/23
30 Year Conventional Refi 6.57% 5/28/23
30 Year Cash-out Refi 6.89% 5/28/23
30 Year FHA Purchase 7.58% 5/28/23
30 Year FHA Refi 7.36% 5/28/23
30 Year VA Purchase 6.23% 5/28/23
30 Year VA Refi 6.15% 5/28/23
30 Year USDA Purchase 6.72% 5/28/23
15 Year Conventional Purchase 4.07% 5/28/23
15 Year Conventional Refi 6.15% 5/28/23
15 Year Cash-out Refi 6.15% 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.

Certainty Home Loans Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Certainty Home Loans. 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

3,770

Origination Dollar Volume (All Markets)

$1,037,340,000
Show all (14) awards

Relative Rate

Certainty Home Loans's average 30 year fixed mortgage rate was 4.78%.

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

This yields a difference of 0.02%.

Relative Fees (Closing Costs)

Certainty Home Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $8,025.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 429 $149,125,000 $347,611 $7,546 4.93%
HUNTSVILLE, AL (FHA|USDA|VA) 243 $73,335,000 $301,790 $8,551 4.82%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 239 $72,355,000 $302,741 $8,479 4.66%
SAVANNAH, GA (FHA|USDA|VA) 223 $62,985,000 $282,444 $7,181 4.97%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 151 $55,715,000 $368,974 $8,743 4.67%
FAYETTEVILLE, NC (FHA|USDA|VA) 224 $42,470,000 $189,598 $8,601 4.10%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 109 $36,465,000 $334,541 $7,808 4.19%
OKLAHOMA CITY, OK (FHA|USDA|VA) 144 $34,690,000 $240,903 $5,655 4.96%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 88 $32,370,000 $367,841 $8,999 4.63%
WINSTON-SALEM, NC (FHA|USDA|VA) 113 $28,175,000 $249,336 $7,623 4.49%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 88 $25,920,000 $294,545 $9,873 4.50%
Albertville, AL (FHA|USDA|VA) 97 $24,055,000 $247,990 $7,666 4.78%
COLUMBUS, GA-AL (FHA|USDA|VA) 77 $23,735,000 $308,247 $6,853 4.53%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 80 $21,100,000 $263,750 $7,215 4.77%
EL PASO, TX (FHA|USDA|VA) 98 $20,700,000 $211,224 $9,425 3.89%
ODESSA, TX (FHA|USDA|VA) 123 $19,845,000 $161,341 $7,994 3.92%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 71 $19,845,000 $279,507 $7,200 4.18%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 45 $17,815,000 $395,889 $9,175 4.68%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 52 $17,080,000 $328,462 $13,421 5.33%
MIDLAND, TX (FHA|USDA|VA) 79 $16,165,000 $204,620 $9,412 4.27%
SHERMAN-DENISON, TX (FHA|USDA|VA) 73 $15,985,000 $218,973 $7,446 4.20%
Outside of Metro Areas 57 $15,125,000 $265,351 $7,265 5.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 43 $12,595,000 $292,907 $7,132 4.29%
Scottsboro, AL (FHA|USDA|VA) 49 $11,135,000 $227,245 $6,713 4.74%
COLUMBIA, SC (FHA|USDA|VA) 44 $10,890,000 $247,500 $8,580 4.13%
MONTGOMERY, AL (FHA|USDA|VA) 58 $9,980,000 $172,069 $6,597 5.03%
RICHMOND, VA (FHA|USDA|VA) 26 $7,430,000 $285,769 $8,913 4.86%
TYLER, TX (FHA|USDA|VA) 26 $6,830,000 $262,692 $6,101 4.76%
JACKSONVILLE, FL (FHA|USDA|VA) 23 $6,115,000 $265,870 $9,532 4.65%
Calhoun, GA (FHA|USDA|VA) 23 $5,755,000 $250,217 $8,054 5.37%
CORPUS CHRISTI, TX (FHA|USDA|VA) 24 $5,680,000 $236,667 $6,831 5.10%
ROME, GA (FHA|USDA|VA) 21 $5,385,000 $256,429 $6,153 4.85%
Paris, TX (FHA|USDA|VA) 30 $4,830,000 $161,000 $7,429 3.82%
DECATUR, AL (FHA|USDA|VA) 16 $4,290,000 $268,125 $7,188 5.11%
Fort Payne, AL (FHA|USDA|VA) 19 $4,085,000 $215,000 $7,415 4.89%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 21 $3,965,000 $188,810 $9,647 5.76%
HINESVILLE, GA (FHA|USDA|VA) 15 $3,705,000 $247,000 $7,978 5.16%
WARNER ROBINS, GA (FHA|USDA|VA) 12 $3,690,000 $307,500 $7,746 4.68%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 10 $3,550,000 $355,000 $6,852 6.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 13 $3,465,000 $266,538 $9,397 4.78%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $3,205,000 $457,857 $4,926 4.55%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $3,025,000 $336,111 $6,236 4.88%
LAS CRUCES, NM (FHA|USDA|VA) 14 $2,920,000 $208,571 $8,465 4.38%
Jefferson, GA (FHA|USDA|VA) 9 $2,895,000 $321,667 $6,003 5.30%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 11 $2,745,000 $249,545 $10,392 4.24%
PANAMA CITY, FL (FHA|USDA|VA) 10 $2,650,000 $265,000 $8,181 4.91%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 10 $2,550,000 $255,000 $7,542 6.35%
GAINESVILLE, GA (FHA|USDA|VA) 7 $2,305,000 $329,286 $9,636 5.18%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 10 $2,190,000 $219,000 $6,554 5.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 8 $2,030,000 $253,750 $6,669 5.59%
Bonham, TX (FHA|USDA|VA) 14 $2,000,000 $142,857 $7,422 3.40%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 7 $1,955,000 $279,286 $14,172 4.69%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 8 $1,680,000 $210,000 $6,818 5.45%
Statesboro, GA (FHA|USDA|VA) 7 $1,665,000 $237,857 $6,711 5.36%
Sanford, NC (FHA|USDA|VA) 9 $1,625,000 $180,556 $7,990 4.79%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,620,000 $405,000 $8,673 4.69%
GADSDEN, AL (FHA|USDA|VA) 7 $1,515,000 $216,429 $6,626 4.60%
COLORADO SPRINGS, CO (FHA|USDA|VA) 4 $1,510,000 $377,500 $7,872 3.63%
Gainesville, TX (FHA|USDA|VA) 3 $1,505,000 $501,667 $15,535 5.00%
Cornelia, GA (FHA|USDA|VA) 5 $1,335,000 $267,000 $6,087 5.28%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $1,310,000 $327,500 $7,668 5.06%
Rockport, TX (FHA|USDA|VA) 5 $1,305,000 $261,000 $9,869 5.10%
Cedartown, GA (FHA|USDA|VA) 7 $1,285,000 $183,571 $6,134 4.57%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,265,000 $253,000 $5,686 5.58%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $1,260,000 $630,000 $6,949 4.63%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,255,000 $418,333 $9,499 3.50%
Shawnee, OK (FHA|USDA|VA) 7 $1,215,000 $173,571 $7,016 5.70%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $1,210,000 $302,500 $5,629 4.81%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $1,200,000 $300,000 $12,408 4.56%
LONGVIEW, TX (FHA|USDA|VA) 3 $1,145,000 $381,667 $5,820 5.71%
SAN ANGELO, TX (FHA|USDA|VA) 4 $1,130,000 $282,500 $7,701 5.03%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 5 $1,075,000 $215,000 $10,382 4.20%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $1,020,000 $255,000 $6,579 3.47%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 4 $920,000 $230,000 $6,399 5.16%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 4 $920,000 $230,000 $5,338 4.02%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $890,000 $222,500 $12,238 5.53%
SUMTER, SC (FHA|USDA|VA) 3 $875,000 $291,667 $5,046 4.75%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $855,000 $285,000 $17,867 5.83%
COLUMBUS, OH (FHA|USDA|VA) 4 $850,000 $212,500 $3,523 4.25%
TULSA, OK (FHA|USDA|VA) 4 $840,000 $210,000 $5,498 4.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $810,000 $405,000 $8,062 5.50%
Kerrville, TX (FHA|USDA|VA) 2 $810,000 $405,000 $13,260 6.31%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $800,000 $200,000 $11,496 3.99%
Durant, OK (FHA|USDA|VA) 3 $755,000 $251,667 $9,382 5.29%
PUEBLO, CO (FHA|USDA|VA) 4 $690,000 $172,500 $12,236 2.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $680,000 $340,000 $11,135 6.19%
Pearsall, TX (FHA|USDA|VA) 3 $665,000 $221,667 $8,866 5.11%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $655,000 $655,000 $35,196 5.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $655,000 $218,333 $4,651 5.29%
Brenham, TX (FHA|USDA|VA) 2 $650,000 $325,000 $10,282 5.37%
ASHEVILLE, NC (FHA|USDA|VA) 3 $645,000 $215,000 $4,985 5.33%
Shelby, NC (FHA|USDA|VA) 1 $645,000 $645,000 $4,642 4.25%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $625,000 $625,000 $6,329 5.25%
Lumberton, NC (FHA|USDA|VA) 6 $580,000 $96,667 $7,286 3.23%
ALBANY, GA (FHA|USDA|VA) 3 $575,000 $191,667 $4,903 5.13%
WILMINGTON, NC (FHA|USDA|VA) 1 $565,000 $565,000 $19,285 6.13%
Alexander City, AL (FHA|USDA|VA) 3 $565,000 $188,333 $4,889 5.43%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $550,000 $275,000 $9,324 5.25%
Athens, TX (FHA|USDA|VA) 2 $540,000 $270,000 $10,165 6.38%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $540,000 $270,000 $4,823 5.25%
LAWTON, OK (FHA|USDA|VA) 4 $540,000 $135,000 $5,743 6.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $535,000 $535,000 $16,372 6.25%
GREELEY, CO (FHA|USDA|VA) 1 $535,000 $535,000 $4,397 4.80%
Toccoa, GA (FHA|USDA|VA) 2 $530,000 $265,000 $0 3.94%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $525,000 $525,000 $7,624 5.25%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $520,000 $130,000 $5,615 3.31%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 2 $490,000 $245,000 $8,555 4.13%
BURLINGTON, NC (FHA|USDA|VA) 2 $470,000 $235,000 $15,083 4.75%
MOBILE, AL (FHA|USDA|VA) 2 $470,000 $235,000 $5,754 4.56%
LaGrange, GA-AL (FHA|USDA|VA) 2 $470,000 $235,000 $10,338 4.31%
SPARTANBURG, SC (FHA|USDA|VA) 2 $460,000 $230,000 $9,139 4.44%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $455,000 $455,000 $5,712 4.63%
Bainbridge, GA (FHA|USDA|VA) 1 $445,000 $445,000 $4,966 3.13%
Port Lavaca, TX (FHA|USDA|VA) 2 $440,000 $220,000 $5,482 4.13%
DeRidder, LA (FHA|USDA|VA) 1 $435,000 $435,000 $10,860 5.63%
DALTON, GA (FHA|USDA|VA) 2 $420,000 $210,000 $7,383 5.75%
Enterprise, AL (FHA|USDA|VA) 1 $415,000 $415,000 $15,339 5.25%
TUSCALOOSA, AL (FHA|USDA|VA) 2 $400,000 $200,000 $6,507 4.56%
Lawrenceburg, TN (FHA|USDA|VA) 1 $395,000 $395,000 $6,052 4.75%
Cullman, AL (FHA|USDA|VA) 2 $380,000 $190,000 $6,231 5.06%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $380,000 $95,000 $5,643 3.75%
LUBBOCK, TX (FHA|USDA|VA) 1 $375,000 $375,000 $15,252 6.25%
Weatherford, OK (FHA|USDA|VA) 2 $370,000 $185,000 $6,157 6.06%
Uvalde, TX (FHA|USDA|VA) 1 $345,000 $345,000 $15,178 3.25%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $345,000 $345,000 $9,275 5.75%
VICTORIA, TX (FHA|USDA|VA) 1 $345,000 $345,000 $9,583 4.13%
GOLDSBORO, NC (FHA|USDA|VA) 2 $340,000 $170,000 $8,079 5.81%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $335,000 $335,000 $6,836 5.75%
Andrews, TX (FHA|USDA|VA) 1 $315,000 $315,000 $7,771 2.75%
Jacksonville, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,247 5.88%
Ardmore, OK (FHA|USDA|VA) 1 $305,000 $305,000 $9,705 6.88%
ABILENE, TX (FHA|USDA|VA) 1 $295,000 $295,000 $5,131 5.63%
Mineral Wells, TX (FHA|USDA|VA) 1 $285,000 $285,000 $9,015 5.13%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $285,000 $285,000 $5,267 6.00%
Gaffney, SC (FHA|USDA|VA) 1 $285,000 $285,000 $8,977 4.25%
Selma, AL (FHA|USDA|VA) 3 $285,000 $95,000 $5,292 4.44%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $270,000 $135,000 $9,279 3.19%
Cañon City, CO (FHA|USDA|VA) 2 $270,000 $135,000 $11,297 2.69%
Sulphur Springs, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,698 5.99%
Newport, TN (FHA|USDA|VA) 1 $265,000 $265,000 $7,009 5.63%
STAUNTON, VA (FHA|USDA|VA) 1 $265,000 $265,000 $5,398 5.63%
Granbury, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,861 3.75%
Huntsville, TX (FHA|USDA|VA) 1 $245,000 $245,000 $4,882 5.75%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $225,000 $225,000 $5,178 3.50%
Corsicana, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,550 3.75%
OCALA, FL (FHA|USDA|VA) 1 $225,000 $225,000 $7,254 5.13%
Palestine, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,027 4.88%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $225,000 $225,000 $6,075 5.38%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $215,000 $215,000 $5,305 4.38%
Alamogordo, NM (FHA|USDA|VA) 1 $205,000 $205,000 $5,755 3.88%
Dublin, GA (FHA|USDA|VA) 1 $205,000 $205,000 $5,154 4.88%
Summerville, GA (FHA|USDA|VA) 1 $195,000 $195,000 $8,557 5.50%
Hays, KS (FHA|USDA|VA) 1 $195,000 $195,000 $5,790 7.63%
Mount Airy, NC (FHA|USDA|VA) 1 $195,000 $195,000 $7,137 4.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $190,000 $95,000 $8,039 2.63%
Elk City, OK (FHA|USDA|VA) 1 $185,000 $185,000 $3,473 5.63%
Fredericksburg, TX (FHA|USDA|VA) 1 $185,000 $185,000 $9,806 6.38%
Nacogdoches, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,535 3.99%
Duncan, OK (FHA|USDA|VA) 1 $185,000 $185,000 $4,941 5.25%
DOTHAN, AL (FHA|USDA|VA) 1 $175,000 $175,000 $3,212 5.00%
Thomaston, GA (FHA|USDA|VA) 1 $165,000 $165,000 $5,106 3.38%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,722 3.50%
Minden, LA (FHA|USDA|VA) 1 $145,000 $145,000 $7,511 5.25%
Raymondville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,971 2.75%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $135,000 $135,000 $3,356 7.38%
Rockingham, NC (FHA|USDA|VA) 2 $130,000 $65,000 $7,522 3.06%
Albemarle, NC (FHA|USDA|VA) 2 $130,000 $65,000 $7,122 1.94%
FLORENCE, SC (FHA|USDA|VA) 1 $115,000 $115,000 $6,644 5.38%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $115,000 $115,000 $5,678 4.75%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.00%
Certainty Home Loans's top markets include Atlanta, Huntsville, Houston, Savannah, and Dallas among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,198 $585,660,000 $266,451 $6,444 4.52%
    FHA 833 $210,675,000 $252,911 $10,175 5.11%
    VA 662 $225,110,000 $340,045 $9,281 4.52%
    USDA 77 $15,895,000 $206,429 $7,201 4.50%

    For 2022, Certainty Home Loans's most frequently originated type of loan was Conventional, with 2,198 originations. Their 2nd most popular type was FHA, with 833 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,356 $926,500,000 $276,073 $8,038 4.68%
    Cash Out Refi 257 $66,015,000 $256,868 $7,033 4.46%
    Refi 157 $44,825,000 $285,510 $7,247 4.31%

    For 2022, Certainty Home Loans's most frequently cited loan purpose was Home Purchase, with 3,356 originations. The 2nd most popular reason was Cash Out Refi, with 257 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,520 $999,190,000 $283,861 $8,025 4.78%
    15 Year 183 $33,375,000 $182,377 $5,553 2.81%
    10 Year 29 $975,000 $33,621 $6,624 4.80%
    3 Year 20 $110,000 $5,500 $0 0.30%
    20 Year 13 $2,345,000 $180,385 $5,773 3.31%
    Other 4 $1,340,000 $335,000 $10,352 4.03%
    5 Year 1 $5,000 $5,000 $0 0.00%

    For 2022, Certainty Home Loans's most frequently cited loan duration was 30 Year, with 3,520 originations. The 2nd most popular length was 15 Year, with 183 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 962 $265,820,000 $276,320
    $<1k 689 $146,135,000 $212,097
    $5k+ 587 $238,675,000 $406,601
    $2k-3k 555 $126,575,000 $228,063
    $3k-4k 484 $128,380,000 $265,248
    $4k-5k 315 $96,605,000 $306,683

    Certainty Home Loans's average total fees were $8,025, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 962 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,100 $320,010,000 $290,918
    4-5% 937 $285,735,000 $304,947
    3-4% 894 $258,060,000 $288,658
    6-7% 445 $117,195,000 $263,360
    <2.5% 214 $8,900,000 $41,589
    2.5-3% 91 $27,325,000 $300,275
    7-8% 82 $20,000,000 $243,902
    Over 8% 7 $115,000 $16,429

    During 2022, Certainty Home Loans's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 5-6%, with 1,100 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,951 $559,385,000 $286,717 $8,029 4.90%
    $100k-200k 877 $139,445,000 $159,002 $5,856 4.92%
    $400k-600k 513 $240,275,000 $468,372 $9,956 4.82%
    $100,000 or less 306 $9,060,000 $29,608 $4,174 2.00%
    $600k-1MM 112 $76,040,000 $678,929 $12,632 4.61%
    $1MM+ 11 $13,135,000 $1,194,091 $24,880 4.52%

    2022 saw Certainty Home Loans place emphasis on $200k-400k loans with 1,951 originations, totaling $559,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 996 $205,140,000 $205,964 $7,368 4.44%
    $100k-150k 872 $286,810,000 $328,911 $8,585 4.91%
    $75k-100k 800 $211,080,000 $263,850 $8,048 4.65%
    $150k-250k 492 $190,070,000 $386,321 $8,718 4.90%
    $50k or less 444 $64,740,000 $145,811 $6,038 4.25%
    $250k+ 163 $78,745,000 $483,098 $10,340 4.90%

    Certainty Home Loans lent most frequently to those with incomes in the $50k-75k range, with 996 originations. The second most popular income band? $100k-150k, with 872 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 582 $162,770,000 $279,674 $7,527 4.63%
    20-30% 564 $149,110,000 $264,379 $6,788 4.67%
    50-60% 445 $134,445,000 $302,124 $10,389 4.76%
    <20% 232 $41,270,000 $177,888 $5,943 3.08%
    44% 189 $51,675,000 $273,413 $7,976 4.84%
    41% 156 $43,820,000 $280,897 $7,838 4.93%
    42% 153 $44,025,000 $287,745 $7,976 4.67%
    49% 144 $40,990,000 $284,653 $8,383 4.95%
    43% 140 $42,320,000 $302,286 $7,899 4.93%
    39% 138 $35,390,000 $256,449 $7,150 4.77%
    40% 137 $37,225,000 $271,715 $7,988 4.80%
    46% 137 $38,365,000 $280,036 $9,054 4.76%
    48% 136 $39,640,000 $291,471 $8,161 4.91%
    47% 133 $38,305,000 $288,008 $7,918 4.87%
    45% 123 $35,235,000 $286,463 $7,886 4.93%
    36% 116 $32,960,000 $284,138 $7,755 4.62%
    37% 115 $32,335,000 $281,174 $6,854 4.61%
    38% 110 $31,010,000 $281,909 $7,536 4.82%
    >60% 17 $5,695,000 $335,000 $11,928 4.21%

    Certainty Home Loans lent most frequently to those with DTI ratios of 30-36%, with 582 originations. The next most common DTI ratio? 20-30%, with 564 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,406 $651,230,000 $270,669 $7,524 4.64%
    Not provided 687 $195,245,000 $284,199 $8,632 4.60%
    Black 545 $147,695,000 $271,000 $8,918 4.71%
    Asian 86 $29,650,000 $344,767 $8,433 4.74%
    American Indian 27 $7,725,000 $286,111 $8,004 4.56%
    Asian Indian 7 $2,965,000 $423,571 $7,242 4.75%
    Native Hawaiian or Islander 6 $1,520,000 $253,333 $6,140 5.04%
    Other Asian 2 $700,000 $350,000 $6,848 4.44%
    Vietnamese 3 $455,000 $151,667 $4,231 4.41%
    Filipino 1 $155,000 $155,000 $3,337 6.38%

    Approval Rates

    Total approvals of all applications
    93.31%

    Certainty Home Loans has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.81%

    Certainty Home Loans has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,770 $1,037,340,000 $275,156

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,770 $1,037,340,000 $275,156

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 76 $12,610,000 $165,921 $4,674 4.69%
    40-60% 200 $49,250,000 $246,250 $5,553 4.61%
    60-80% 720 $209,950,000 $291,597 $7,137 4.85%
    80-100% 2,333 $691,075,000 $296,217 $7,878 4.97%
    Over 100% 222 $72,540,000 $326,757 $13,839 4.55%
    Under 20% 219 $1,915,000 $8,744 $4,991 0.75%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    CARDINAL FINANCIAL COMPANY Conventional home mortgage Struggling to pay mortgage 1 12.5%
    CARDINAL FINANCIAL COMPANY FHA mortgage Struggling to pay mortgage 1 12.5%
    CARDINAL FINANCIAL COMPANY FHA mortgage Trouble during payment process 2 25.0%
    CARDINAL FINANCIAL COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 12.5%
    CARDINAL FINANCIAL COMPANY VA mortgage Closing on a mortgage 1 12.5%
    CARDINAL FINANCIAL COMPANY VA mortgage Trouble during payment process 2 25.0%