Veritas Funding Mortgage Rates, Fees & Info

MIDVALE, UT

LEI: 549300UVOSI4XZZGUE14

Tax ID: 86-1092244

1 stars - Updated: 4/5/25 - out of 5 stars, based on 31 reviews

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

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    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    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. Their top markets by origination volume include: Salt Lake City, Provo, Idaho Falls, Ogden, and Atlanta among others. We have data for 183 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 about average 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.

    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
    30 Year Conventional Purchase 6.88% 4/5/25
    30 Year Conventional Refi 6.89% 4/5/25
    30 Year Cash-out Refi 7.31% 4/5/25
    30 Year FHA Purchase 7.39% 4/5/25
    30 Year FHA Refi 6.84% 4/5/25
    30 Year VA Purchase 6.81% 4/5/25
    30 Year VA Refi 6.56% 4/5/25
    15 Year Conventional Purchase 4.96% 4/5/25
    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

    987

    Origination Dollar Volume (All Markets)

    $331,965,000

    Awards

    VERITAS FUNDING FHA Loans silver VERITAS FUNDING 30 Year Conventional Loans silver VERITAS FUNDING 30 Year Conventional Loans bronze
    Show all (3) awards

    Relative Rate

    Veritas Funding's average 30 year fixed mortgage rate was 6.41%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.14%.

    Relative Fees (Closing Costs)

    Veritas Funding's average total fees/closing costs for a 30 year fixed rate mortgage were $16,706.

    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 $8,356.

    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) 137 $62,685,000 $457,555 $15,183 6.45%
    PROVO-OREM, UT (FHA|USDA|VA) 110 $50,340,000 $457,636 $14,236 6.44%
    IDAHO FALLS, ID (FHA|USDA|VA) 61 $21,715,000 $355,984 $10,152 6.58%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 34 $16,820,000 $494,706 $14,944 6.33%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 42 $11,380,000 $270,952 $19,380 6.39%
    ST. GEORGE, UT (FHA|USDA|VA) 21 $8,755,000 $416,905 $13,297 6.35%
    Outside of Metro Areas 29 $8,535,000 $294,310 $15,278 6.48%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 20 $5,720,000 $286,000 $20,184 6.44%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 15 $5,305,000 $353,667 $22,955 6.38%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 14 $4,740,000 $338,571 $22,936 6.36%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 12 $4,330,000 $360,833 $21,460 6.41%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 17 $3,865,000 $227,353 $16,379 6.29%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 16 $3,830,000 $239,375 $16,637 6.45%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $3,650,000 $365,000 $25,082 6.55%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 15 $3,605,000 $240,333 $17,264 6.43%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $3,315,000 $368,333 $20,549 6.25%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 14 $3,240,000 $231,429 $14,716 6.33%
    JACKSONVILLE, FL (FHA|USDA|VA) 10 $3,110,000 $311,000 $22,679 6.29%
    Rexburg, ID (FHA|USDA|VA) 7 $2,875,000 $410,714 $10,206 6.59%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 10 $2,730,000 $273,000 $19,205 6.24%
    FAYETTEVILLE, NC (FHA|USDA|VA) 11 $2,645,000 $240,455 $17,844 6.36%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 9 $2,485,000 $276,111 $19,209 6.32%
    Heber, UT (FHA|USDA|VA) 4 $2,380,000 $595,000 $7,167 7.12%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $2,350,000 $587,500 $35,524 6.63%
    TUCSON, AZ (FHA|USDA|VA) 10 $2,280,000 $228,000 $16,686 6.14%
    COLUMBUS, OH (FHA|USDA|VA) 9 $2,165,000 $240,556 $16,874 6.35%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 10 $2,110,000 $211,000 $16,151 6.14%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $2,095,000 $232,778 $16,616 6.11%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $1,965,000 $280,714 $19,226 6.23%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 9 $1,955,000 $217,222 $17,130 6.40%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 7 $1,705,000 $243,571 $16,716 6.21%
    KNOXVILLE, TN (FHA|USDA|VA) 6 $1,640,000 $273,333 $21,624 6.13%
    RALEIGH-CARY, NC (FHA|USDA|VA) 6 $1,640,000 $273,333 $19,998 6.46%
    COLUMBIA, SC (FHA|USDA|VA) 7 $1,565,000 $223,571 $15,767 6.29%
    SAVANNAH, GA (FHA|USDA|VA) 6 $1,560,000 $260,000 $18,343 6.42%
    ALBUQUERQUE, NM (FHA|USDA|VA) 6 $1,540,000 $256,667 $18,831 6.25%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,535,000 $511,667 $27,103 6.17%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 6 $1,450,000 $241,667 $18,215 6.23%
    BAKERSFIELD, CA (FHA|USDA|VA) 5 $1,425,000 $285,000 $18,263 6.28%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $1,410,000 $235,000 $17,573 6.29%
    POCATELLO, ID (FHA|USDA|VA) 3 $1,325,000 $441,667 $13,430 6.13%
    GAINESVILLE, GA (FHA|USDA|VA) 2 $1,130,000 $565,000 $33,770 6.44%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $1,070,000 $267,500 $17,416 6.16%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $1,070,000 $267,500 $19,923 6.25%
    FRESNO, CA (FHA|USDA|VA) 4 $1,020,000 $255,000 $15,080 6.53%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $1,015,000 $203,000 $15,348 6.03%
    VISALIA, CA (FHA|USDA|VA) 3 $1,005,000 $335,000 $19,981 6.50%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 4 $980,000 $245,000 $8,877 6.97%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $975,000 $325,000 $22,119 6.29%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $960,000 $240,000 $16,991 6.31%
    WINSTON-SALEM, NC (FHA|USDA|VA) 4 $960,000 $240,000 $17,154 6.41%
    BILLINGS, MT (FHA|USDA|VA) 4 $890,000 $222,500 $17,262 6.09%
    GREELEY, CO (FHA|USDA|VA) 2 $890,000 $445,000 $23,184 6.75%
    MADERA, CA (FHA|USDA|VA) 2 $880,000 $440,000 $23,691 6.19%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $870,000 $217,500 $15,402 6.47%
    LAS CRUCES, NM (FHA|USDA|VA) 3 $855,000 $285,000 $19,975 6.21%
    Ontario, OR-ID (FHA|USDA|VA) 2 $850,000 $425,000 $28,520 6.19%
    ASHEVILLE, NC (FHA|USDA|VA) 3 $825,000 $275,000 $18,283 6.46%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $795,000 $265,000 $16,489 6.50%
    JOHNSON CITY, TN (FHA|USDA|VA) 3 $785,000 $261,667 $6,715 7.25%
    WILMINGTON, NC (FHA|USDA|VA) 3 $785,000 $261,667 $18,673 6.25%
    ROCKY MOUNT, NC (FHA|USDA|VA) 3 $785,000 $261,667 $17,749 6.58%
    CLEVELAND, TN (FHA|USDA|VA) 3 $775,000 $258,333 $16,101 6.25%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $765,000 $765,000 $14,268 7.63%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $765,000 $255,000 $19,687 6.42%
    BURLINGTON, NC (FHA|USDA|VA) 3 $745,000 $248,333 $17,442 6.54%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $725,000 $241,667 $19,631 5.83%
    STOCKTON, CA (FHA|USDA|VA) 3 $715,000 $238,333 $14,312 6.67%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $650,000 $325,000 $24,472 6.19%
    CHEYENNE, WY (FHA|USDA|VA) 2 $650,000 $325,000 $21,854 6.00%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $620,000 $310,000 $20,396 6.62%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $615,000 $615,000 $36,580 6.25%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $610,000 $305,000 $17,940 6.63%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $595,000 $198,333 $13,286 6.50%
    LOGAN, UT-ID (FHA|USDA|VA) 2 $590,000 $295,000 $4,219 6.25%
    RACINE, WI (FHA|USDA|VA) 2 $590,000 $295,000 $15,643 6.44%
    SPARTANBURG, SC (FHA|USDA|VA) 3 $565,000 $188,333 $15,209 6.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $550,000 $275,000 $18,100 6.50%
    FARMINGTON, NM (FHA|USDA|VA) 2 $540,000 $270,000 $18,552 6.44%
    Seneca, SC (FHA|USDA|VA) 2 $540,000 $270,000 $16,269 5.88%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 2 $520,000 $260,000 $17,026 6.00%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $520,000 $260,000 $16,362 7.06%
    MORRISTOWN, TN (FHA|USDA|VA) 2 $510,000 $255,000 $15,341 6.25%
    Cedar City, UT (FHA|USDA|VA) 1 $505,000 $505,000 $9,238 5.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $500,000 $250,000 $15,599 6.38%
    GREAT FALLS, MT (FHA|USDA|VA) 2 $480,000 $240,000 $15,210 6.25%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $480,000 $240,000 $14,931 6.19%
    Lumberton, NC (FHA|USDA|VA) 2 $480,000 $240,000 $17,197 6.50%
    Helena, MT (FHA|USDA|VA) 1 $475,000 $475,000 $33,722 5.99%
    VALDOSTA, GA (FHA|USDA|VA) 2 $470,000 $235,000 $20,729 6.38%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $460,000 $230,000 $16,184 6.44%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $460,000 $230,000 $17,644 5.94%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $450,000 $225,000 $19,946 6.00%
    Albemarle, NC (FHA|USDA|VA) 2 $440,000 $220,000 $16,430 6.25%
    GRAND JUNCTION, CO (FHA|USDA|VA) 2 $440,000 $220,000 $10,622 6.00%
    Outside of Metro Areas 1 $435,000 $435,000 $17,376 7.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $430,000 $215,000 $11,400 6.31%
    YUMA, AZ (FHA|USDA|VA) 2 $430,000 $215,000 $15,390 6.56%
    Blackfoot, ID (FHA|USDA|VA) 2 $430,000 $215,000 $8,583 6.94%
    HINESVILLE, GA (FHA|USDA|VA) 2 $430,000 $215,000 $17,889 6.63%
    Morehead City, NC (FHA|USDA|VA) 2 $420,000 $210,000 $14,542 6.38%
    Sterling, CO (FHA|USDA|VA) 2 $420,000 $210,000 $10,750 6.38%
    Lake City, FL (FHA|USDA|VA) 2 $410,000 $205,000 $14,702 6.13%
    Gaffney, SC (FHA|USDA|VA) 2 $410,000 $205,000 $17,384 6.44%
    Safford, AZ (FHA|USDA|VA) 2 $410,000 $205,000 $17,619 6.31%
    OCALA, FL (FHA|USDA|VA) 2 $400,000 $200,000 $13,980 6.63%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 2 $400,000 $200,000 $16,282 6.50%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $400,000 $200,000 $12,468 6.56%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $395,000 $395,000 $38,509 7.13%
    DALTON, GA (FHA|USDA|VA) 2 $390,000 $195,000 $14,850 6.31%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $375,000 $375,000 $26,932 6.25%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $365,000 $365,000 $19,126 6.75%
    Riverton, WY (FHA|USDA|VA) 1 $365,000 $365,000 $25,372 6.50%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $355,000 $355,000 $23,245 6.25%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $355,000 $355,000 $14,813 7.00%
    Henderson, NC (FHA|USDA|VA) 1 $355,000 $355,000 $24,012 6.75%
    FORT SMITH, AR-OK (FHA|USDA|VA) 2 $350,000 $175,000 $10,735 7.00%
    Sevierville, TN (FHA|USDA|VA) 1 $345,000 $345,000 $22,058 6.50%
    BEND, OR (FHA|USDA|VA) 1 $345,000 $345,000 $22,633 5.75%
    Payson, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $19,047 6.63%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $340,000 $170,000 $15,187 6.44%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $335,000 $335,000 $20,274 6.63%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $325,000 $325,000 $22,423 5.75%
    MIDLAND, TX (FHA|USDA|VA) 1 $325,000 $325,000 $17,518 6.00%
    Shelby, NC (FHA|USDA|VA) 1 $325,000 $325,000 $17,644 6.63%
    Red Bluff, CA (FHA|USDA|VA) 1 $315,000 $315,000 $19,283 5.63%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $315,000 $315,000 $30,861 6.25%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $305,000 $305,000 $21,010 6.99%
    MANSFIELD, OH (FHA|USDA|VA) 1 $305,000 $305,000 $20,777 5.75%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $305,000 $305,000 $29,826 6.63%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $295,000 $295,000 $21,265 6.25%
    SALEM, OR (FHA|USDA|VA) 1 $295,000 $295,000 $20,776 6.25%
    SANTA FE, NM (FHA|USDA|VA) 1 $285,000 $285,000 $20,560 6.63%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $275,000 $275,000 $19,381 6.13%
    BOISE CITY, ID (FHA|USDA|VA) 1 $275,000 $275,000 $12,099 6.75%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $18,553 6.50%
    Greenwood, SC (FHA|USDA|VA) 1 $265,000 $265,000 $16,810 6.75%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $255,000 $255,000 $12,260 6.62%
    Laramie, WY (FHA|USDA|VA) 1 $245,000 $245,000 $16,042 5.75%
    KANKAKEE, IL (FHA|USDA|VA) 1 $245,000 $245,000 $17,989 6.63%
    North Wilkesboro, NC (FHA|USDA|VA) 1 $235,000 $235,000 $17,665 5.63%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $235,000 $235,000 $15,018 5.75%
    Klamath Falls, OR (FHA|USDA|VA) 1 $235,000 $235,000 $21,825 6.63%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $235,000 $235,000 $18,124 6.75%
    Batesville, AR (FHA|USDA|VA) 1 $235,000 $235,000 $14,672 6.63%
    Española, NM (FHA|USDA|VA) 1 $225,000 $225,000 $18,210 6.75%
    Clearlake, CA (FHA|USDA|VA) 1 $225,000 $225,000 $9,257 6.88%
    Fort Morgan, CO (FHA|USDA|VA) 1 $225,000 $225,000 $19,623 5.88%
    YUBA CITY, CA (FHA|USDA|VA) 1 $225,000 $225,000 $15,470 6.75%
    Jesup, GA (FHA|USDA|VA) 1 $215,000 $215,000 $12,388 6.63%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $13,765 6.25%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $215,000 $215,000 $15,002 6.75%
    Russellville, AR (FHA|USDA|VA) 1 $215,000 $215,000 $14,177 6.25%
    Bellefontaine, OH (FHA|USDA|VA) 1 $215,000 $215,000 $15,837 6.63%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $13,311 6.25%
    Waycross, GA (FHA|USDA|VA) 1 $205,000 $205,000 $14,984 6.63%
    CASPER, WY (FHA|USDA|VA) 1 $205,000 $205,000 $14,732 6.25%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $13,983 5.75%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $195,000 $195,000 $14,013 6.50%
    APPLETON, WI (FHA|USDA|VA) 1 $195,000 $195,000 $13,722 6.63%
    Sonora, CA (FHA|USDA|VA) 1 $195,000 $195,000 $10,945 7.13%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $195,000 $195,000 $13,737 6.75%
    Athens, TN (FHA|USDA|VA) 1 $195,000 $195,000 $15,164 6.75%
    Zanesville, OH (FHA|USDA|VA) 1 $185,000 $185,000 $13,715 7.13%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $185,000 $185,000 $13,543 6.25%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $185,000 $185,000 $14,384 6.63%
    Calhoun, GA (FHA|USDA|VA) 1 $185,000 $185,000 $13,360 6.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $185,000 $185,000 $15,119 6.75%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $185,000 $185,000 $13,107 5.75%
    Bucyrus-Galion, OH (FHA|USDA|VA) 1 $175,000 $175,000 $14,167 6.50%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $175,000 $175,000 $13,350 5.25%
    Vernal, UT (FHA|USDA|VA) 1 $175,000 $175,000 $6,820 5.63%
    Orangeburg, SC (FHA|USDA|VA) 1 $175,000 $175,000 $12,491 5.75%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $11,538 6.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $175,000 $175,000 $10,836 5.75%
    SUMTER, SC (FHA|USDA|VA) 1 $175,000 $175,000 $13,062 6.75%
    FLORENCE, SC (FHA|USDA|VA) 1 $165,000 $165,000 $13,116 6.75%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $165,000 $165,000 $10,851 6.75%
    CHICO, CA (FHA|USDA|VA) 1 $165,000 $165,000 $11,258 6.00%
    PUEBLO, CO (FHA|USDA|VA) 1 $155,000 $155,000 $15,892 6.50%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $11,031 6.25%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $145,000 $145,000 $11,488 6.75%
    DANVILLE, IL (FHA|USDA|VA) 1 $105,000 $105,000 $8,263 6.25%
    Veritas Funding's top markets include Salt Lake City, Provo, Idaho Falls, Ogden, and Atlanta among others.

    Their top states include:
  • Utah (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 501 $155,725,000 $310,828 $17,794 6.36%
    Conventional 244 $105,310,000 $431,598 $11,417 6.58%
    VA 242 $70,930,000 $293,099 $19,965 6.31%

    For 2024, Veritas Funding's most frequently originated type of loan was FHA, with 501 originations. Their 2nd most popular type was Conventional, with 244 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 553 $149,035,000 $269,503 $18,353 6.37%
    Home Purchase 380 $165,820,000 $436,368 $13,616 6.48%
    Refi 53 $16,935,000 $319,528 $14,922 6.12%
    Other 1 $175,000 $175,000 $4,553 10.85%

    For 2024, Veritas Funding's most frequently cited loan purpose was Cash Out Refi, with 553 originations. The 2nd most popular reason was Home Purchase, with 380 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 974 $329,200,000 $337,988 $16,706 6.41%
    15 Year 9 $1,885,000 $209,444 $9,785 5.61%
    20 Year 2 $410,000 $205,000 $16,971 6.38%
    Other 2 $470,000 $235,000 $20,305 6.44%

    For 2024, Veritas Funding's most frequently cited loan duration was 30 Year, with 974 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 892 $295,330,000 $331,087
    $1k-2k 35 $17,765,000 $507,571
    $4k-5k 35 $10,625,000 $303,571
    $3k-4k 15 $4,245,000 $283,000
    $<1k 5 $1,755,000 $351,000
    $2k-3k 5 $2,245,000 $449,000

    Veritas Funding's average total fees were $16,706, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 892 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 643 $207,275,000 $322,356
    5-6% 242 $81,810,000 $338,058
    7-8% 95 $40,715,000 $428,579
    4-5% 4 $1,040,000 $260,000
    Over 8% 3 $1,125,000 $375,000

    During 2024, Veritas Funding's average interest rate for loans was 6.41%, while their most frequently originated rate bucket for loans was 6-7%, with 643 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 559 $161,065,000 $288,131 $16,907 6.36%
    $400k-600k 210 $99,720,000 $474,857 $19,158 6.44%
    $100k-200k 153 $27,085,000 $177,026 $12,659 6.40%
    $600k-1MM 62 $42,540,000 $686,129 $18,433 6.68%
    $100,000 or less 2 $150,000 $75,000 $2,789 7.13%
    $1MM+ 1 $1,405,000 $1,405,000 $5,718 7.38%

    2024 saw Veritas Funding place emphasis on $200k-400k loans with 559 originations, totaling $161,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 278 $91,880,000 $330,504 $17,167 6.42%
    $50k-75k 266 $67,320,000 $253,083 $16,441 6.33%
    $100k-150k 213 $85,895,000 $403,263 $17,686 6.46%
    $50k or less 112 $22,690,000 $202,589 $14,634 6.22%
    $150k-250k 96 $51,520,000 $536,667 $17,001 6.54%
    $250k+ 21 $12,425,000 $591,667 $14,202 6.87%

    Veritas Funding lent most frequently to those with incomes in the $75k-100k range, with 278 originations. The second most popular income band? $50k-75k, with 266 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 187 $62,095,000 $332,059 $19,011 6.33%
    30-36% 128 $40,040,000 $312,813 $16,362 6.41%
    20-30% 93 $25,905,000 $278,548 $14,678 6.37%
    49% 55 $21,565,000 $392,091 $14,717 6.55%
    47% 55 $20,325,000 $369,545 $15,330 6.50%
    44% 53 $19,345,000 $365,000 $17,202 6.36%
    45% 51 $17,575,000 $344,608 $16,028 6.46%
    46% 50 $16,790,000 $335,800 $17,320 6.34%
    48% 44 $17,500,000 $397,727 $17,394 6.48%
    42% 44 $15,020,000 $341,364 $16,023 6.56%
    43% 44 $15,270,000 $347,045 $16,907 6.32%
    41% 37 $12,165,000 $328,784 $15,612 6.33%
    38% 29 $8,775,000 $302,586 $16,783 6.39%
    39% 29 $9,645,000 $332,586 $14,849 6.46%
    37% 27 $9,195,000 $340,556 $16,936 6.38%
    40% 26 $9,100,000 $350,000 $18,198 6.34%
    36% 18 $5,430,000 $301,667 $17,994 6.40%
    <20% 15 $5,145,000 $343,000 $14,405 6.40%
    >60% 2 $1,080,000 $540,000 $33,833 6.69%

    Veritas Funding lent most frequently to those with DTI ratios of 50-60%, with 187 originations. The next most common DTI ratio? 30-36%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 634 $235,700,000 $371,767 $15,825 6.41%
    Not provided 237 $61,535,000 $259,641 $17,754 6.43%
    Black 98 $26,470,000 $270,102 $18,427 6.28%
    Asian 12 $6,710,000 $559,167 $19,601 6.33%
    American Indian 3 $635,000 $211,667 $14,779 6.50%
    Native Hawaiian or Islander 2 $570,000 $285,000 $7,175 6.31%
    Vietnamese 1 $345,000 $345,000 $14,934 6.00%

    Approval Rates

    Total approvals of all applications
    93.63%

    Veritas Funding has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.34%

    Veritas Funding has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 987 $331,965,000 $336,337

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    987 $331,965,000 $336,337

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $4,535,000 $238,684 $8,566 6.35%
    40-60% 81 $23,755,000 $293,272 $13,718 6.34%
    60-80% 327 $100,635,000 $307,752 $16,816 6.39%
    80-100% 555 $202,345,000 $364,586 $17,496 6.42%
    Over 100% 1 $285,000 $285,000 $16,432 7.13%
    Under 20% 4 $410,000 $102,500 $3,758 6.19%