Certified Funding L.p. Mortgage Rates, Fees & Info

DALLAS, TX

LEI: 549300TN9GZ5XRCOXX47

Tax ID: 75-2930700

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Certified Funding L.p. is a smaller mortgage company specializing in loans. Certified Funding L.p. has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Houston, Austin, San Antonio, and Midland among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Certified Funding L.p. has a below average approval rate when compared to the average across all lenders.

    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
    15 Year Conventional Purchase 8.66% 3/20/23
    15 Year Conventional Refi 8.52% 3/20/23
    15 Year Cash-out Refi 8.52% 3/20/23
    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.


    Originations

    1,482

    Origination Dollar Volume (All Markets)

    $183,500,000

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 809 $97,275,000 $120,241 $696 5.27%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 292 $35,840,000 $122,740 $683 5.21%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 261 $35,395,000 $135,613 $697 5.21%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 57 $7,455,000 $130,789 $1,021 5.24%
    MIDLAND, TX (FHA|USDA|VA) 8 $1,010,000 $126,250 $864 5.25%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 7 $785,000 $112,143 $796 5.25%
    LUBBOCK, TX (FHA|USDA|VA) 5 $665,000 $133,000 $701 4.70%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 6 $630,000 $105,000 $633 5.00%
    Athens, TX (FHA|USDA|VA) 4 $610,000 $152,500 $677 5.87%
    Outside of Metro Areas 4 $610,000 $152,500 $576 5.31%
    TYLER, TX (FHA|USDA|VA) 6 $540,000 $90,000 $1,133 5.00%
    WACO, TX (FHA|USDA|VA) 4 $520,000 $130,000 $796 5.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $490,000 $122,500 $537 5.31%
    Corsicana, TX (FHA|USDA|VA) 1 $305,000 $305,000 $462 5.25%
    Huntsville, TX (FHA|USDA|VA) 2 $300,000 $150,000 $809 5.13%
    ODESSA, TX (FHA|USDA|VA) 3 $275,000 $91,667 $791 5.08%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $265,000 $88,333 $463 5.08%
    Rockport, TX (FHA|USDA|VA) 2 $170,000 $85,000 $600 5.25%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $125,000 $125,000 $486 5.75%
    EL PASO, TX (FHA|USDA|VA) 1 $105,000 $105,000 $879 5.25%
    Granbury, TX (FHA|USDA|VA) 1 $85,000 $85,000 $470 5.50%
    Mineral Wells, TX (FHA|USDA|VA) 1 $45,000 $45,000 $1,182 5.50%
    Certified Funding L.p.'s top markets include Dallas, Houston, Austin, San Antonio, and Midland among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,482 $183,500,000 $123,819 $708 5.24%

    For 2021, Certified Funding L.p.'s most frequently originated type of loan was Conventional, with 1,482 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,103 $146,435,000 $132,761 $724 5.25%
    Refi 187 $18,745,000 $100,241 $635 5.10%
    Home Improvement 173 $16,195,000 $93,613 $699 5.42%
    Cash Out Refi 19 $2,125,000 $111,842 $612 4.72%

    For 2021, Certified Funding L.p.'s most frequently cited loan purpose was Home Purchase, with 1,103 originations. The 2nd most popular reason was Refi, with 187 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 1,315 $166,325,000 $126,483 $709 5.22%
    20 Year 150 $15,490,000 $103,267 $708 5.51%
    10 Year 17 $1,685,000 $99,118 $661 4.57%

    For 2021, Certified Funding L.p.'s most frequently cited loan duration was 15 Year, with 1,315 originations. The 2nd most popular length was 20 Year, with 150 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,428 $176,400,000 $123,529
    $2k-3k 23 $2,415,000 $105,000
    $1k-2k 11 $705,000 $64,091
    $3k-4k 11 $1,755,000 $159,545
    $5k+ 4 $1,040,000 $260,000
    $4k-5k 2 $440,000 $220,000

    Certified Funding L.p.'s average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,428 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 816 $101,730,000 $124,669
    4-5% 601 $75,185,000 $125,100
    6-7% 61 $5,995,000 $98,279
    7-8% 3 $325,000 $108,333
    2.5-3% 1 $265,000 $265,000

    During 2021, Certified Funding L.p.'s average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 816 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 693 $52,615,000 $75,924 $673 5.25%
    $100k-200k 591 $82,025,000 $138,790 $725 5.26%
    $200k-400k 198 $48,860,000 $246,768 $785 5.15%

    2021 saw Certified Funding L.p. place emphasis on $100,000 or less loans with 693 originations, totaling $52,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 754 $90,770,000 $120,385 $710 5.25%
    $250k+ 523 $75,025,000 $143,451 $717 5.19%
    $100k-150k 182 $16,310,000 $89,615 $692 5.33%
    $75k-100k 17 $1,115,000 $65,588 $608 5.56%
    $50k-75k 5 $225,000 $45,000 $543 5.15%
    $50k or less 1 $55,000 $55,000 $532 4.75%

    Certified Funding L.p. lent most frequently to those with incomes in the $150k-250k range, with 754 originations. The second most popular income band? $250k+, with 523 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 360 $43,360,000 $120,444 $703 5.22%
    20-30% 300 $33,590,000 $111,967 $673 5.19%
    37% 77 $10,485,000 $136,169 $623 5.34%
    38% 77 $10,595,000 $137,597 $689 5.26%
    43% 75 $9,105,000 $121,400 $687 5.22%
    40% 74 $9,850,000 $133,108 $741 5.30%
    42% 73 $9,965,000 $136,507 $664 5.26%
    39% 67 $8,175,000 $122,015 $681 5.32%
    44% 65 $8,685,000 $133,615 $745 5.23%
    <20% 64 $7,970,000 $124,531 $698 5.10%
    36% 63 $7,735,000 $122,778 $835 5.27%
    41% 62 $8,470,000 $136,613 $848 5.24%
    45% 38 $4,660,000 $122,632 $789 5.46%
    46% 31 $4,055,000 $130,806 $822 5.37%
    48% 22 $2,610,000 $118,636 $703 5.33%
    47% 18 $2,440,000 $135,556 $784 5.34%
    49% 15 $1,485,000 $99,000 $660 5.25%

    Certified Funding L.p. lent most frequently to those with DTI ratios of 30-36%, with 360 originations. The next most common DTI ratio? 20-30%, with 300 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,034 $127,660,000 $123,462 $689 5.24%
    Not provided 205 $25,205,000 $122,951 $768 5.25%
    Asian 135 $17,215,000 $127,519 $813 5.22%
    Black 86 $10,260,000 $119,302 $650 5.28%
    Asian Indian 10 $1,460,000 $146,000 $602 5.15%
    American Indian 6 $770,000 $128,333 $734 5.12%
    Korean 1 $285,000 $285,000 $611 4.50%
    Native Hawaiian or Islander 1 $185,000 $185,000 $611 5.50%
    Other Asian 2 $160,000 $80,000 $495 5.12%
    Filipino 1 $155,000 $155,000 $760 5.50%
    Other Pacific Islander 1 $145,000 $145,000 $566 5.50%

    Approval Rates

    Total approvals of all applications
    66.88%

    Certified Funding L.p. has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,482 $183,500,000 $123,819

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,482 $183,500,000 $123,819

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 413 $80,955,000 $196,017 $765 5.29%
    60-80% 1 $265,000 $265,000 $132 2.75%
    Under 20% 1,068 $102,280,000 $95,768 $687 5.22%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Credible Labs Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 100.0%