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

DALLAS, TX

LEI: 549300TN9GZ5XRCOXX47

Tax ID: 75-2930700

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • 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 Home Purchase and Other 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 Lubbock among others. We have data for 26 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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    Originations

    1,174

    Origination Dollar Volume (All Markets)

    $109,870,000

    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) 736 $68,500,000 $93,071 $704 5.80%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 260 $23,980,000 $92,231 $748 5.80%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 81 $8,155,000 $100,679 $686 5.87%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 50 $4,850,000 $97,000 $782 5.79%
    LUBBOCK, TX (FHA|USDA|VA) 7 $995,000 $142,143 $694 5.57%
    Outside of Metro Areas 6 $560,000 $93,333 $833 5.87%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 7 $485,000 $69,286 $604 5.75%
    MIDLAND, TX (FHA|USDA|VA) 3 $385,000 $128,333 $952 5.50%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $295,000 $98,333 $559 5.83%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $185,000 $185,000 $599 5.99%
    ABILENE, TX (FHA|USDA|VA) 1 $175,000 $175,000 $1,114 6.50%
    Mineral Wells, TX (FHA|USDA|VA) 1 $175,000 $175,000 $802 6.50%
    Paris, TX (FHA|USDA|VA) 1 $165,000 $165,000 $817 4.99%
    TYLER, TX (FHA|USDA|VA) 2 $160,000 $80,000 $1,128 5.62%
    EL PASO, TX (FHA|USDA|VA) 2 $120,000 $60,000 $573 5.00%
    ODESSA, TX (FHA|USDA|VA) 1 $105,000 $105,000 $894 6.75%
    AMARILLO, TX (FHA|USDA|VA) 1 $85,000 $85,000 $479 5.50%
    VICTORIA, TX (FHA|USDA|VA) 1 $85,000 $85,000 $457 6.25%
    Eagle Pass, TX (FHA|USDA|VA) 2 $80,000 $40,000 $530 6.12%
    LAREDO, TX (FHA|USDA|VA) 2 $80,000 $40,000 $626 6.00%
    Bonham, TX (FHA|USDA|VA) 1 $55,000 $55,000 $457 6.50%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $55,000 $55,000 $511 5.75%
    Granbury, TX (FHA|USDA|VA) 1 $35,000 $35,000 $484 5.50%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $35,000 $35,000 $461 6.25%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $35,000 $35,000 $807 5.75%
    Brenham, TX (FHA|USDA|VA) 1 $35,000 $35,000 $1,020 4.99%
    Certified Funding L.p.'s top markets include Dallas, Houston, Austin, San Antonio, and Lubbock among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,174 $109,870,000 $93,586 $716 5.80%

    For 2019, Certified Funding L.p.'s most frequently originated type of loan was Conventional, with 1,174 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 727 $72,955,000 $100,351 $748 5.86%
    Other 323 $25,115,000 $77,755 $650 5.77%
    Refi 114 $10,580,000 $92,807 $674 5.55%
    Cash Out Refi 10 $1,220,000 $122,000 $989 5.25%

    For 2019, Certified Funding L.p.'s most frequently cited loan purpose was Home Purchase, with 727 originations. The 2nd most popular reason was Other, with 323 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 969 $93,765,000 $96,765 $730 5.77%
    20 Year 171 $13,785,000 $80,614 $665 6.14%
    10 Year 23 $1,415,000 $61,522 $562 4.65%
    Other 11 $905,000 $82,273 $605 5.41%

    For 2019, Certified Funding L.p.'s most frequently cited loan duration was 15 Year, with 969 originations. The 2nd most popular length was 20 Year, with 171 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,116 $104,950,000 $94,041
    $1k-2k 29 $1,635,000 $56,379
    $2k-3k 15 $1,365,000 $91,000
    $3k-4k 3 $465,000 $155,000
    $4k-5k 2 $390,000 $195,000
    $5k+ 2 $500,000 $250,000

    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 1,116 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 670 $65,060,000 $97,104
    6-7% 289 $27,485,000 $95,104
    4-5% 155 $12,685,000 $81,839
    7-8% 57 $4,455,000 $78,158
    3-4% 2 $110,000 $55,000
    Over 8% 1 $75,000 $75,000

    During 2019, 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 670 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 808 $52,960,000 $65,545 $679 5.79%
    $100k-200k 311 $43,365,000 $139,437 $774 5.86%
    $200k-400k 55 $13,545,000 $246,273 $934 5.58%

    2019 saw Certified Funding L.p. place emphasis on $100,000 or less loans with 808 originations, totaling $52,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 575 $54,095,000 $94,078 $729 5.82%
    $250k+ 275 $35,165,000 $127,873 $756 5.70%
    $100k-150k 247 $17,115,000 $69,291 $662 5.82%
    $75k-100k 46 $2,270,000 $49,348 $659 6.08%
    $50k-75k 23 $885,000 $38,478 $676 5.89%
    $50k or less 8 $340,000 $42,500 $486 5.03%

    Certified Funding L.p. lent most frequently to those with incomes in the $150k-250k range, with 575 originations. The second most popular income band? $250k+, with 275 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 265 $25,325,000 $95,566 $712 5.72%
    20-30% 191 $17,275,000 $90,445 $690 5.64%
    43% 73 $6,435,000 $88,151 $714 5.89%
    42% 67 $6,425,000 $95,896 $739 5.88%
    40% 63 $6,045,000 $95,952 $669 5.93%
    44% 59 $5,995,000 $101,610 $776 5.85%
    37% 54 $5,760,000 $106,667 $726 5.94%
    41% 52 $4,790,000 $92,115 $627 6.01%
    38% 48 $4,590,000 $95,625 $711 5.77%
    46% 46 $4,200,000 $91,304 $685 6.08%
    36% 46 $4,150,000 $90,217 $798 5.85%
    45% 46 $4,200,000 $91,304 $820 6.03%
    39% 43 $3,685,000 $85,698 $728 5.74%
    47% 35 $3,565,000 $101,857 $804 5.93%
    <20% 31 $2,325,000 $75,000 $664 5.21%
    48% 31 $3,055,000 $98,548 $718 5.99%
    49% 22 $1,940,000 $88,182 $730 5.76%

    Certified Funding L.p. lent most frequently to those with DTI ratios of 30-36%, with 265 originations. The next most common DTI ratio? 20-30%, with 191 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 893 $85,835,000 $96,120 $728 5.79%
    Not provided 153 $13,415,000 $87,680 $685 5.77%
    Asian 69 $5,885,000 $85,290 $632 5.84%
    Black 52 $4,260,000 $81,923 $702 5.96%
    American Indian 4 $340,000 $85,000 $688 5.81%
    Other Pacific Islander 1 $55,000 $55,000 $460 5.99%
    Other Asian 1 $55,000 $55,000 $532 4.75%
    Asian Indian 1 $25,000 $25,000 $1,280 5.25%

    Approval Rates

    Total approvals of all applications
    63.56%

    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 1,174 $109,870,000 $93,586

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,174 $109,870,000 $93,586

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 302 $45,570,000 $150,894 $778 5.89%
    40-60% 2 $160,000 $80,000 $595 4.63%
    60-80% 2 $130,000 $65,000 $532 4.75%
    Under 20% 868 $64,010,000 $73,744 $695 5.77%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Credible Labs Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%