Veritas Funding Mortgage Rates, Fees & Info
MIDVALE, UTLEI: 549300UVOSI4XZZGUE14
Tax ID: 86-1092244
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Mortgage Data
Review & Overview
Veritas Funding is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. They have a a high proportion of FHA loans. Veritas Funding has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Salt Lake City, Provo, Ogden, Idaho Falls, and Atlanta among others. We have data for 184 markets. (Some data included below & more in-depth data is available with an active subscription.)Veritas Funding 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. Veritas Funding 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 8.71% | 12/17/24 |
| 30 Year Conventional Purchase | 6.85% | 12/17/24 |
| 30 Year Conventional Refi | 6.57% | 12/17/24 |
| 30 Year Cash-out Refi | 6.95% | 12/17/24 |
| 30 Year FHA Purchase | 7.62% | 12/17/24 |
| 30 Year FHA Refi | 6.61% | 12/17/24 |
| 30 Year VA Purchase | 6.35% | 12/17/24 |
| 30 Year VA Refi | 6.10% | 12/17/24 |
| 30 Year USDA Purchase | 6.55% | 12/17/24 |
| 15 Year Conventional Purchase | 6.12% | 12/17/24 |
| 15 Year Conventional Refi | 6.10% | 12/17/24 |
| 15 Year Cash-out Refi | 6.10% | 12/17/24 |
| 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. | ||
Veritas Funding Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Veritas Funding. 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
1,070Origination Dollar Volume (All Markets)
$364,490,000Awards
VERITAS FUNDING - 2023
VERITAS FUNDING is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Veritas Funding's average 30 year fixed mortgage rate was
6.57%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.09%.
Relative Fees (Closing Costs)
Veritas Funding's average total fees/closing costs for a 30 year fixed rate
mortgage were $16,443.
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 |
|---|---|---|---|---|---|
| SALT LAKE CITY, UT (FHA|USDA|VA) | 172 | $74,450,000 | $432,849 | $14,238 | 6.69% |
| PROVO-OREM, UT (FHA|USDA|VA) | 88 | $39,450,000 | $448,295 | $14,216 | 6.52% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 58 | $23,900,000 | $412,069 | $13,435 | 6.62% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 48 | $17,090,000 | $356,042 | $9,656 | 6.74% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 42 | $11,690,000 | $278,333 | $19,625 | 6.41% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 32 | $10,090,000 | $315,313 | $20,992 | 6.36% |
| ST. GEORGE, UT (FHA|USDA|VA) | 22 | $8,690,000 | $395,000 | $11,230 | 6.50% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 28 | $8,230,000 | $293,929 | $12,559 | 6.08% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 31 | $8,065,000 | $260,161 | $16,308 | 6.51% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 23 | $6,785,000 | $295,000 | $18,736 | 6.68% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 11 | $5,655,000 | $514,091 | $29,101 | 6.17% |
| Outside of Metro Areas | 15 | $4,135,000 | $275,667 | $16,857 | 6.66% |
| BOISE CITY, ID (FHA|USDA|VA) | 13 | $4,065,000 | $312,692 | $19,444 | 6.38% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 13 | $3,915,000 | $301,154 | $20,696 | 6.74% |
| VISALIA, CA (FHA|USDA|VA) | 15 | $3,895,000 | $259,667 | $10,789 | 6.59% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 8 | $3,860,000 | $482,500 | $19,300 | 6.97% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 8 | $3,800,000 | $475,000 | $22,633 | 6.59% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 14 | $3,530,000 | $252,143 | $17,749 | 6.81% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 13 | $3,365,000 | $258,846 | $19,156 | 6.67% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 11 | $3,345,000 | $304,091 | $19,533 | 6.58% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $3,265,000 | $362,778 | $22,496 | 6.35% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $3,185,000 | $455,000 | $24,283 | 6.45% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $3,035,000 | $275,909 | $16,551 | 6.27% |
| Heber, UT (FHA|USDA|VA) | 5 | $2,925,000 | $585,000 | $11,296 | 6.98% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $2,695,000 | $299,444 | $21,933 | 6.97% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 9 | $2,595,000 | $288,333 | $18,690 | 6.39% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 9 | $2,565,000 | $285,000 | $19,623 | 6.51% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 10 | $2,540,000 | $254,000 | $18,448 | 6.79% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 8 | $2,460,000 | $307,500 | $18,652 | 5.97% |
| KNOXVILLE, TN (FHA|USDA|VA) | 8 | $2,180,000 | $272,500 | $19,502 | 6.17% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 9 | $2,145,000 | $238,333 | $17,663 | 6.58% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 6 | $2,010,000 | $335,000 | $21,966 | 6.21% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $17,418 | 6.11% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,960,000 | $326,667 | $21,054 | 6.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 6 | $1,850,000 | $308,333 | $21,577 | 6.52% |
| Rexburg, ID (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $12,470 | 6.71% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 6 | $1,770,000 | $295,000 | $21,752 | 6.65% |
| TUCSON, AZ (FHA|USDA|VA) | 7 | $1,735,000 | $247,857 | $17,634 | 6.43% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,645,000 | $548,333 | $31,396 | 6.54% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 6 | $1,610,000 | $268,333 | $18,847 | 6.58% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $16,697 | 6.53% |
| SALEM, OR (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $20,849 | 6.43% |
| COLUMBUS, OH (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $16,996 | 6.58% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $19,067 | 6.66% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $20,212 | 6.42% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $1,270,000 | $211,667 | $15,663 | 6.56% |
| Blackfoot, ID (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $13,553 | 6.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $20,324 | 6.59% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $18,508 | 6.19% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $22,048 | 6.67% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $16,607 | 6.55% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $16,680 | 6.75% |
| RENO, NV (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $25,915 | 6.33% |
| TWIN FALLS, ID (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $11,123 | 7.06% |
| Jefferson, GA (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $19,930 | 6.50% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $8,964 | 6.53% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $84,189 | 6.63% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $21,183 | 6.33% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $18,812 | 6.72% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $15,020 | 6.29% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $16,626 | 6.46% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $12,755 | 6.84% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $19,018 | 6.54% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $22,189 | 6.46% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $14,569 | 6.91% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $20,409 | 7.04% |
| Centralia, WA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $19,171 | 7.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $43,301 | 5.63% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $10,655 | 7.12% |
| MEDFORD, OR (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $17,947 | 6.46% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $16,895 | 7.17% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $26,633 | 6.31% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $29,728 | 6.68% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $15,069 | 6.67% |
| Cedar City, UT (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $9,695 | 6.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $14,481 | 6.92% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $30,754 | 6.25% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $18,988 | 6.75% |
| Ontario, OR-ID (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $16,604 | 6.06% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $19,274 | 6.44% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $17,391 | 6.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $13,041 | 6.38% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $23,140 | 6.13% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $10,870 | 6.38% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $17,882 | 6.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $12,376 | 6.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $17,744 | 6.25% |
| CHEYENNE, WY (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $18,977 | 6.44% |
| MERCED, CA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $14,877 | 6.69% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $15,617 | 7.00% |
| Newport, OR (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $31,944 | 6.12% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $16,326 | 6.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $17,698 | 6.44% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $15,710 | 6.06% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $32,083 | 7.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $9,934 | 6.46% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $15,608 | 6.25% |
| Hailey, ID (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $9,851 | 7.38% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $14,582 | 6.75% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $16,674 | 6.19% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $25,761 | 6.25% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $14,931 | 7.06% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $18,830 | 6.19% |
| Klamath Falls, OR (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $15,648 | 6.25% |
| Cañon City, CO (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $15,619 | 6.88% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,394 | 6.75% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $14,026 | 5.94% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $25,579 | 6.13% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $13,235 | 6.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $13,847 | 6.81% |
| Searcy, AR (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $12,477 | 6.94% |
| Price, UT (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $7,490 | 7.31% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $23,784 | 6.75% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,516 | 5.99% |
| BEND, OR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $22,199 | 6.63% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $20,613 | 7.25% |
| Prineville, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $29,611 | 6.25% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $17,748 | 7.38% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $20,900 | 6.38% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $22,065 | 6.99% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $21,043 | 7.13% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $22,414 | 7.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,521 | 6.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $26,309 | 7.13% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $16,116 | 5.38% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $19,911 | 6.25% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $21,076 | 6.25% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $22,145 | 7.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $20,392 | 6.63% |
| Marion, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $21,267 | 5.50% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $27,242 | 7.13% |
| Brevard, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $19,643 | 6.63% |
| Riverton, WY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $25,094 | 5.25% |
| Mountain Home, ID (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $19,611 | 5.75% |
| REDDING, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $15,837 | 6.38% |
| MADISON, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $15,145 | 7.00% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $15,376 | 6.75% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $16,836 | 7.25% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $17,929 | 6.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $27,265 | 5.75% |
| Pella, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $17,624 | 6.50% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $15,461 | 6.13% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,220 | 7.38% |
| MADERA, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $14,936 | 6.63% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $17,311 | 7.25% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $16,735 | 6.63% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $17,339 | 7.00% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $13,012 | 6.75% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $17,067 | 6.50% |
| Marietta, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $17,266 | 6.75% |
| CHICO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $13,782 | 6.75% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $16,539 | 6.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $15,860 | 6.50% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $16,158 | 6.63% |
| Fallon, NV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $24,494 | 6.50% |
| Elko, NV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $21,260 | 6.75% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $15,257 | 6.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $15,900 | 7.13% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $15,235 | 7.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $15,492 | 7.25% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $19,474 | 6.63% |
| Outside of Metro Areas | 1 | $215,000 | $215,000 | $16,345 | 6.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $14,704 | 7.13% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $13,848 | 7.25% |
| CASPER, WY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $14,466 | 6.63% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $16,903 | 7.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $16,050 | 7.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $15,019 | 6.63% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $18,908 | 7.13% |
| Silver City, NM (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $15,201 | 6.63% |
| Russellville, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $14,060 | 7.13% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $10,208 | 7.25% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $12,026 | 6.25% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,018 | 7.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $12,412 | 6.99% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $17,802 | 6.75% |
| Salem, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $9,884 | 7.38% |
| Peru, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $11,448 | 7.13% |
| Findlay, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $12,089 | 6.75% |
| Farmington, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,619 | 6.63% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $10,358 | 6.75% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,354 | 6.63% |
| Harrison, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $9,332 | 6.75% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,865 | 8.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against VERITAS FUNDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Veritas Funding's most frequently originated type of loan was FHA, with 503 originations. Their 2nd most popular type was Conventional, with 318 originations.
Loan Reason
For 2023, Veritas Funding's most frequently cited loan purpose was Cash Out Refi, with 585 originations. The 2nd most popular reason was Home Purchase, with 458 originations.
Loan Duration/Length
For 2023, Veritas Funding's most frequently cited loan duration was 30 Year, with 1,064 originations. The 2nd most popular length was 15 Year, with 4 originations.
Origination Fees/Closing Costs
Veritas Funding's average total fees were $16,443, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 913 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 601 | $198,305,000 | $329,958 |
| 7-8% | 248 | $83,980,000 | $338,629 |
| 5-6% | 210 | $77,020,000 | $366,762 |
| Over 8% | 6 | $2,850,000 | $475,000 |
| 4-5% | 5 | $2,335,000 | $467,000 |
During 2023, Veritas Funding's average interest rate for loans was 6.57%, while their most frequently originated rate bucket for loans was 6-7%, with 601 originations.
Loan Sizing
2023 saw Veritas Funding place emphasis on $200k-400k loans with 677 originations, totaling $197,145,000 in origination value.
Applicant Income
Veritas Funding lent most frequently to those with incomes in the $75k-100k range, with 290 originations. The second most popular income band? $50k-75k, with 280 originations.
Applicant Debt to Income Ratio
Veritas Funding lent most frequently to those with DTI ratios of 50-60%, with 216 originations. The next most common DTI ratio? 30-36%, with 134 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.69%
Veritas Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination77.76%
Veritas Funding has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,070 | $364,490,000 | $340,645 |