Certified Funding L.p. Mortgage Rates, Fees & Info
DALLAS, TXLEI: 549300TN9GZ5XRCOXX47
Tax ID: 75-2930700
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Mortgage Data
Review & Overview
Certified Funding L.p. is a smaller mortgage company specializing in Home Purchase and Other loans. Certified Funding L.p. has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Austin, San Antonio, Houston, and Sherman among others. We have data for 17 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 6.84% | 12/16/24 |
| 15 Year Conventional Refi | 6.84% | 12/16/24 |
| 15 Year Cash-out Refi | 6.84% | 12/16/24 |
| 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. | ||
Certified Funding L.p. Mortgage Calculator
Your Estimates
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This is not an official calculator from Certified Funding L.p.. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,012Origination Dollar Volume (All Markets)
$82,840,000Top 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) | 776 | $63,690,000 | $82,075 | $707 | 5.91% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 126 | $10,920,000 | $86,667 | $668 | 6.01% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 50 | $3,740,000 | $74,800 | $800 | 6.15% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 35 | $2,965,000 | $84,714 | $778 | 5.85% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 7 | $395,000 | $56,429 | $674 | 5.68% |
| Outside of Metro Areas | 4 | $280,000 | $70,000 | $654 | 6.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $719 | 5.37% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $931 | 4.99% |
| LONGVIEW, TX (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $768 | 5.92% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $735 | 5.75% |
| Granbury, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $693 | 6.25% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $577 | 5.99% |
| TYLER, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $765 | 5.99% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $840 | 5.99% |
| Bonham, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $810 | 7.25% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $445 | 5.99% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $599 | 5.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,012 | $82,840,000 | $81,858 | $709 | 5.93% |
For 2018, Certified Funding L.p.'s most frequently originated type of loan was Conventional, with 1,012 originations.
Loan Reason
For 2018, Certified Funding L.p.'s most frequently cited loan purpose was Home Purchase, with 670 originations. The 2nd most popular reason was Other, with 287 originations.
Loan Duration/Length
For 2018, Certified Funding L.p.'s most frequently cited loan duration was 15 Year, with 860 originations. The 2nd most popular length was 20 Year, with 130 originations.
Origination Fees/Closing Costs
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 976 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 508 | $42,830,000 | $84,311 |
| 6-7% | 331 | $27,435,000 | $82,885 |
| 4-5% | 104 | $7,080,000 | $68,077 |
| 7-8% | 64 | $5,180,000 | $80,938 |
| Over 8% | 5 | $315,000 | $63,000 |
During 2018, 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 508 originations.
Loan Sizing
2018 saw Certified Funding L.p. place emphasis on $100,000 or less loans with 791 originations, totaling $51,775,000 in origination value.
Applicant Income
Certified Funding L.p. lent most frequently to those with incomes in the $150k-250k range, with 503 originations. The second most popular income band? $100k-150k, with 285 originations.
Applicant Debt to Income Ratio
Certified Funding L.p. lent most frequently to those with DTI ratios of 30-36%, with 208 originations. The next most common DTI ratio? 20-30%, with 182 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications60.93%
Certified Funding L.p. has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,012 | $82,840,000 | $81,858 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,012 | $82,840,000 | $81,858 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Core Advisory Group, LLC | VA mortgage | Struggling to pay mortgage | 1 | 100.0% |