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 Home Purchase, Cash Out Refi, and Refi loans. Veritas Funding has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Salt Lake City, Provo, Ogden, St. George, and Heber among others. We have data for 133 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 8.71% | 12/3/24 |
30 Year Conventional Purchase | 6.85% | 12/3/24 |
30 Year Conventional Refi | 6.57% | 12/3/24 |
30 Year Cash-out Refi | 6.95% | 12/3/24 |
30 Year FHA Purchase | 7.62% | 12/3/24 |
30 Year FHA Refi | 6.61% | 12/3/24 |
30 Year VA Purchase | 6.35% | 12/3/24 |
30 Year VA Refi | 6.10% | 12/3/24 |
30 Year USDA Purchase | 6.55% | 12/3/24 |
15 Year Conventional Purchase | 6.12% | 12/3/24 |
15 Year Conventional Refi | 6.10% | 12/3/24 |
15 Year Cash-out Refi | 6.10% | 12/3/24 |
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
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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
2,864Origination Dollar Volume (All Markets)
$944,650,000VERITAS FUNDING - 2021
VERITAS FUNDING is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 928 | $301,310,000 | $324,688 | $5,069 | 3.06% |
PROVO-OREM, UT (FHA|USDA|VA) | 408 | $138,860,000 | $340,343 | $5,337 | 3.09% |
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 322 | $107,880,000 | $335,031 | $6,235 | 3.05% |
ST. GEORGE, UT (FHA|USDA|VA) | 143 | $44,755,000 | $312,972 | $4,579 | 3.08% |
Heber, UT (FHA|USDA|VA) | 57 | $40,935,000 | $718,158 | $4,764 | 3.00% |
IDAHO FALLS, ID (FHA|USDA|VA) | 127 | $35,395,000 | $278,701 | $6,665 | 3.07% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 49 | $28,085,000 | $573,163 | $4,943 | 2.99% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 76 | $22,060,000 | $290,263 | $6,067 | 2.93% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 57 | $19,045,000 | $334,123 | $4,876 | 3.20% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 39 | $18,625,000 | $477,564 | $7,057 | 3.03% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 34 | $17,630,000 | $518,529 | $8,251 | 3.16% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 43 | $16,685,000 | $388,023 | $11,375 | 3.27% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 39 | $12,405,000 | $318,077 | $8,158 | 2.94% |
VISALIA, CA (FHA|USDA|VA) | 45 | $10,845,000 | $241,000 | $7,206 | 3.11% |
Outside of Metro Areas | 42 | $10,000,000 | $238,095 | $5,293 | 3.28% |
BOISE CITY, ID (FHA|USDA|VA) | 26 | $7,160,000 | $275,385 | $6,970 | 3.08% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 14 | $5,730,000 | $409,286 | $3,871 | 3.26% |
Price, UT (FHA|USDA|VA) | 28 | $5,200,000 | $185,714 | $5,418 | 3.20% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $4,285,000 | $612,143 | $8,001 | 2.82% |
HANFORD-CORCORAN, CA (FHA|USDA|VA) | 17 | $3,985,000 | $234,412 | $7,540 | 2.92% |
FRESNO, CA (FHA|USDA|VA) | 14 | $3,890,000 | $277,857 | $7,435 | 2.95% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 12 | $3,600,000 | $300,000 | $5,191 | 3.20% |
MODESTO, CA (FHA|USDA|VA) | 9 | $3,175,000 | $352,778 | $5,461 | 3.10% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 11 | $3,155,000 | $286,818 | $11,241 | 2.79% |
Cedar City, UT (FHA|USDA|VA) | 11 | $3,145,000 | $285,909 | $5,481 | 3.08% |
VALLEJO, CA (FHA|USDA|VA) | 8 | $3,060,000 | $382,500 | $5,938 | 3.17% |
LOGAN, UT-ID (FHA|USDA|VA) | 12 | $2,890,000 | $240,833 | $4,154 | 3.21% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 24 | $2,850,000 | $118,750 | $4,862 | 3.46% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 10 | $2,500,000 | $250,000 | $7,667 | 2.97% |
STOCKTON, CA (FHA|USDA|VA) | 7 | $2,495,000 | $356,429 | $6,382 | 3.20% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 9 | $2,485,000 | $276,111 | $8,996 | 3.25% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 12 | $2,300,000 | $191,667 | $6,651 | 3.54% |
SALEM, OR (FHA|USDA|VA) | 8 | $2,280,000 | $285,000 | $7,871 | 3.06% |
Blackfoot, ID (FHA|USDA|VA) | 9 | $2,255,000 | $250,556 | $6,923 | 3.01% |
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $2,155,000 | $718,333 | $5,109 | 3.00% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $1,990,000 | $199,000 | $5,738 | 3.34% |
SALINAS, CA (FHA|USDA|VA) | 5 | $1,795,000 | $359,000 | $8,165 | 2.72% |
Rexburg, ID (FHA|USDA|VA) | 8 | $1,790,000 | $223,750 | $7,417 | 3.67% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $5,416 | 3.16% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $10,280 | 2.92% |
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 5 | $1,615,000 | $323,000 | $6,422 | 3.35% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,585,000 | $226,429 | $10,502 | 2.71% |
COLUMBUS, OH (FHA|USDA|VA) | 7 | $1,455,000 | $207,857 | $5,693 | 2.86% |
BEND, OR (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $7,725 | 2.97% |
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $9,635 | 3.42% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $7,543 | 2.95% |
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $5,635 | 3.13% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $6,666 | 3.06% |
PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $7,837 | 2.97% |
Aberdeen, WA (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $8,956 | 2.63% |
POCATELLO, ID (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $6,802 | 2.97% |
Astoria, OR (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $6,505 | 3.25% |
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $7,899 | 3.56% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $4,966 | 3.30% |
TUCSON, AZ (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $4,608 | 3.12% |
MADERA, CA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $10,664 | 2.63% |
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $4,689 | 2.56% |
BOULDER, CO (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $2,102 | 2.58% |
Hermiston-Pendleton, OR (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $10,708 | 4.13% |
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $8,846 | 3.81% |
Evanston, WY (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,850 | 3.83% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $13,088 | 2.88% |
KNOXVILLE, TN (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $4,564 | 3.04% |
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $4,682 | 3.19% |
COLUMBIA, SC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $10,101 | 3.00% |
COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,854 | 3.38% |
CHICO, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,109 | 2.38% |
RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,396 | 3.21% |
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $8,276 | 2.75% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $6,689 | 3.19% |
ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $9,288 | 3.50% |
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $8,848 | 2.81% |
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,015 | 3.25% |
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $9,511 | 3.00% |
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $23,771 | 2.99% |
Oak Harbor, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $14,432 | 2.25% |
Outside of Metro Areas | 1 | $455,000 | $455,000 | $7,758 | 3.75% |
BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,389 | 2.56% |
RACINE, WI (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $8,091 | 2.87% |
Newport, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,784 | 2.88% |
Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,399 | 3.25% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $12,989 | 2.50% |
CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,352 | 2.99% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,252 | 3.00% |
Vernal, UT (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,230 | 2.69% |
MEDFORD, OR (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $6,626 | 2.69% |
YUBA CITY, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,271 | 2.38% |
Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,634 | 2.63% |
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,419 | 3.00% |
FORT COLLINS, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,120 | 2.63% |
BELLINGHAM, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,397 | 2.88% |
LONGVIEW, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,603 | 3.38% |
WACO, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,990 | 3.50% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,187 | 3.25% |
Jackson, WY-ID (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,290 | 3.38% |
FOND DU LAC, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $14,606 | 2.50% |
NAPA, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,465 | 2.75% |
JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,324 | 2.25% |
DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $3,617 | 3.49% |
JACKSON, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,730 | 3.25% |
Ellensburg, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,993 | 3.63% |
YUMA, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,214 | 3.25% |
SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,025 | 3.25% |
Sonora, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $13,247 | 2.25% |
Shelton, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,998 | 2.99% |
Forest City, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,916 | 2.38% |
PUEBLO, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,328 | 3.25% |
Red Bluff, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,945 | 3.38% |
MADISON, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,688 | 3.75% |
Sevierville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,989 | 3.25% |
FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,050 | 2.75% |
TYLER, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,879 | 2.50% |
GREELEY, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,920 | 4.00% |
Greenwood, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,385 | 2.75% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,603 | 3.25% |
TOLEDO, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,011 | 2.75% |
Wooster, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,067 | 3.25% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,369 | 2.88% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,931 | 3.00% |
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $10,700 | 3.13% |
Norwalk, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,483 | 2.75% |
REDDING, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,979 | 3.38% |
Burley, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,092 | 2.63% |
WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,138 | 3.50% |
GAINESVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,600 | 2.88% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $3,641 | 3.50% |
GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,664 | 3.00% |
Gillette, WY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,492 | 2.88% |
MIDLAND, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,204 | 2.75% |
CASPER, WY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,492 | 2.50% |
PANAMA CITY, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,039 | 2.50% |
CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,252 | 2.25% |
TWIN FALLS, ID (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,130 | 2.88% |
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Product Mix
For 2021, Veritas Funding's most frequently originated type of loan was Conventional, with 2,228 originations. Their 2nd most popular type was FHA, with 457 originations.
Loan Reason
For 2021, Veritas Funding's most frequently cited loan purpose was Home Purchase, with 1,009 originations. The 2nd most popular reason was Cash Out Refi, with 931 originations.
Loan Duration/Length
For 2021, Veritas Funding's most frequently cited loan duration was 30 Year, with 2,676 originations. The 2nd most popular length was 15 Year, with 105 originations.
Origination Fees/Closing Costs
Veritas Funding's average total fees were $5,922, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 962 originations.
Interest Rates
During 2021, Veritas Funding's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 3-4%, with 1,317 originations.
Loan Sizing
2021 saw Veritas Funding place emphasis on $200k-400k loans with 1,696 originations, totaling $501,510,000 in origination value.
Applicant Income
Veritas Funding lent most frequently to those with incomes in the $50k-75k range, with 893 originations. The second most popular income band? $75k-100k, with 637 originations.
Applicant Debt to Income Ratio
Veritas Funding lent most frequently to those with DTI ratios of 30-36%, with 458 originations. The next most common DTI ratio? 20-30%, with 439 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.30%
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 origination85.06%
Veritas Funding has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
0.0 | 1 | $305,000 | $305,000 |
NA | 2,863 | $944,345,000 | $329,845 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
VERITAS FUNDING, LLC | Conventional home mortgage | Improper use of your report | 1 | 50.0% |
VERITAS FUNDING, LLC | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |