Certainty Home Loans Mortgage Rates, Fees & Info

DOVER, DE

LEI: 549300QVQQMJ9IWR0G78

Tax ID: 75-2857425

5 stars - Updated: 3/16/25 - out of 5 stars, based on 7 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Certainty Home Loans is a smaller 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: Columbus, Huntsville, Greensboro, Albertville, and Charlotte among others. We have data for 24 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 a high 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 relatively high 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% 3/16/25
    30 Year Conventional Refi 6.57% 3/16/25
    30 Year Cash-out Refi 6.89% 3/16/25
    30 Year FHA Purchase 7.58% 3/16/25
    30 Year FHA Refi 7.36% 3/16/25
    30 Year VA Purchase 6.23% 3/16/25
    30 Year VA Refi 6.15% 3/16/25
    30 Year USDA Purchase 6.72% 3/16/25
    15 Year Conventional Purchase 4.07% 3/16/25
    15 Year Conventional Refi 6.15% 3/16/25
    15 Year Cash-out Refi 6.15% 3/16/25
    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

    55

    Origination Dollar Volume (All Markets)

    $14,875,000

    Awards

    CERTAINTY HOME LOANS 30 Year Conventional Loans silver
    Show all (1) awards

    Relative Rate

    Certainty Home Loans's average 30 year fixed mortgage rate was 5.87%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.61%.

    Relative Fees (Closing Costs)

    Certainty Home Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $9,652.

    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 $9,089.

    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
    COLUMBUS, GA-AL (FHA|USDA|VA) 6 $2,450,000 $408,333 $12,491 5.40%
    HUNTSVILLE, AL (FHA|USDA|VA) 4 $1,820,000 $455,000 $13,766 5.81%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 6 $1,490,000 $248,333 $9,152 5.98%
    Albertville, AL (FHA|USDA|VA) 5 $1,165,000 $233,000 $9,158 6.01%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $910,000 $455,000 $5,155 6.38%
    WINSTON-SALEM, NC (FHA|USDA|VA) 3 $765,000 $255,000 $9,624 5.54%
    SAVANNAH, GA (FHA|USDA|VA) 4 $600,000 $150,000 $7,615 4.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $590,000 $295,000 $2,363 5.56%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $570,000 $285,000 $11,070 5.69%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $515,000 $515,000 $11,593 7.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $485,000 $485,000 $7,977 7.13%
    COLUMBIA, SC (FHA|USDA|VA) 3 $475,000 $158,333 $8,324 4.08%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $465,000 $465,000 $13,064 5.25%
    Scottsboro, AL (FHA|USDA|VA) 2 $430,000 $215,000 $7,099 6.10%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $345,000 $345,000 $6,612 6.13%
    Sanford, NC (FHA|USDA|VA) 1 $305,000 $305,000 $10,899 5.75%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $275,000 $275,000 $9,678 5.88%
    Outside of Metro Areas 1 $255,000 $255,000 $19,194 5.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $255,000 $255,000 $9,863 6.75%
    FLORENCE, SC (FHA|USDA|VA) 2 $190,000 $95,000 $6,400 2.75%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $180,000 $90,000 $6,576 6.75%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.63%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $125,000 $125,000 $5,674 6.38%
    FAYETTEVILLE, NC (FHA|USDA|VA) 2 $60,000 $30,000 $3,245 3.19%
    Certainty Home Loans's top markets include Columbus, Huntsville, Greensboro, Albertville, and Charlotte among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against CERTAINTY HOME LOANS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 42
    Guaranty Bank & Trust, N.A.
    Similarity Rank: 74
    Gulf Winds Credit Union
    Similarity Rank: 80
    SCIENT Federal Credit Union
    Similarity Rank: 110
    KELLY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 133
    VeraBank
    Similarity Rank: 155
    REDSTONE Federal Credit Union
    Similarity Rank: 210
    Austin Bank, Texas
    Similarity Rank: 240
    AAXY L.L.C.
    Similarity Rank: 256
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 296

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 35 $9,195,000 $262,714 $9,241 5.42%
    FHA 10 $2,360,000 $236,000 $11,812 6.06%
    VA 7 $2,705,000 $386,429 $7,307 5.41%
    USDA 3 $615,000 $205,000 $7,988 5.88%

    For 2023, Certainty Home Loans's most frequently originated type of loan was Conventional, with 35 originations. Their 2nd most popular type was FHA, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $12,115,000 $269,222 $8,937 5.45%
    Refi 7 $1,865,000 $266,429 $9,589 6.01%
    Cash Out Refi 3 $895,000 $298,333 $15,187 6.19%

    For 2023, Certainty Home Loans's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 48 $14,190,000 $295,625 $9,652 5.87%
    15 Year 3 $425,000 $141,667 $5,615 3.88%
    10 Year 2 $10,000 $5,000 $0 3.38%
    20 Year 2 $250,000 $125,000 $5,991 2.88%

    For 2023, Certainty Home Loans's most frequently cited loan duration was 30 Year, with 48 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 16 $6,520,000 $407,500
    $3k-4k 10 $2,620,000 $262,000
    $2k-3k 9 $2,225,000 $247,222
    $<1k 8 $800,000 $100,000
    $4k-5k 6 $1,400,000 $233,333
    $1k-2k 5 $1,155,000 $231,000

    Certainty Home Loans's average total fees were $9,652, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 16 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 26 $8,180,000 $314,615
    6-7% 17 $3,965,000 $233,235
    <2.5% 4 $20,000 $5,000
    4-5% 4 $1,370,000 $342,500
    7-8% 4 $1,340,000 $335,000

    During 2023, Certainty Home Loans's average interest rate for loans was 5.87%, while their most frequently originated rate bucket for loans was 5-6%, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 22 $6,420,000 $291,818 $9,962 5.78%
    $100k-200k 14 $2,170,000 $155,000 $6,113 6.36%
    $400k-600k 12 $5,590,000 $465,833 $11,770 5.89%
    $100,000 or less 6 $80,000 $13,333 $3,245 2.19%
    $600k-1MM 1 $615,000 $615,000 $18,113 6.00%

    2023 saw Certainty Home Loans place emphasis on $200k-400k loans with 22 originations, totaling $6,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $5,340,000 $333,750 $9,359 5.93%
    $50k-75k 16 $3,310,000 $206,875 $10,339 5.68%
    $50k or less 8 $700,000 $87,500 $5,787 3.92%
    $75k-100k 8 $2,770,000 $346,250 $8,725 5.61%
    $150k-250k 6 $2,140,000 $356,667 $9,978 6.33%
    $250k+ 1 $615,000 $615,000 $18,113 6.00%

    Certainty Home Loans lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 11 $2,225,000 $202,273 $5,573 6.27%
    30-36% 6 $1,890,000 $315,000 $10,279 4.95%
    40% 5 $1,555,000 $311,000 $6,933 5.89%
    41% 4 $1,550,000 $387,500 $9,397 5.75%
    38% 4 $760,000 $190,000 $9,942 6.49%
    50-60% 4 $590,000 $147,500 $9,159 4.84%
    39% 4 $1,170,000 $292,500 $10,444 6.00%
    <20% 3 $405,000 $135,000 $5,506 4.00%
    43% 3 $1,205,000 $401,667 $9,749 5.46%
    45% 3 $555,000 $185,000 $14,904 3.25%
    42% 2 $590,000 $295,000 $9,134 6.13%
    49% 2 $980,000 $490,000 $15,199 6.25%
    44% 2 $630,000 $315,000 $12,946 5.64%
    47% 1 $385,000 $385,000 $16,504 6.08%
    48% 1 $385,000 $385,000 $17,272 5.25%

    Certainty Home Loans lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 30-36%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 27 $7,605,000 $281,667 $9,166 5.99%
    Not provided 10 $3,480,000 $348,000 $12,424 5.59%
    Black 14 $3,260,000 $232,857 $8,481 5.03%
    Asian 2 $470,000 $235,000 $5,656 5.81%
    American Indian 2 $60,000 $30,000 $3,245 3.19%

    Approval Rates

    Total approvals of all applications
    95.71%

    Certainty 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
    -43.64%

    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 55 $14,875,000 $270,455

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    55 $14,875,000 $270,455

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $155,000 $155,000 $5,021 6.25%
    40-60% 6 $1,480,000 $246,667 $6,851 5.73%
    60-80% 11 $2,775,000 $252,273 $9,937 6.37%
    80-100% 30 $10,010,000 $333,667 $9,972 5.88%
    Over 100% 1 $305,000 $305,000 $10,899 5.75%
    Under 20% 6 $150,000 $25,000 $5,674 2.19%