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

DALLAS, TX

LEI: 549300TN9GZ5XRCOXX47

Tax ID: 75-2930700

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

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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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

Purchase Price:

Loan Amount:

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% Deposit:

Interest Rate:

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

This is not an official calculator from Certified Funding L.p.. 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

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%