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. 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 Phoenix among others. We have data for 149 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.
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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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,515Origination Dollar Volume (All Markets)
$569,485,000Awards
VERITAS FUNDING - 2022
VERITAS FUNDING is a 2022 , due to their low .
For 2022, 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) | 333 | $132,585,000 | $398,153 | $8,658 | 4.87% |
| PROVO-OREM, UT (FHA|USDA|VA) | 180 | $76,900,000 | $427,222 | $9,707 | 4.72% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 129 | $54,315,000 | $421,047 | $8,390 | 4.66% |
| ST. GEORGE, UT (FHA|USDA|VA) | 42 | $19,900,000 | $473,810 | $7,412 | 4.57% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 56 | $18,130,000 | $323,750 | $15,546 | 4.98% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 52 | $16,860,000 | $324,231 | $8,421 | 5.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 32 | $14,080,000 | $440,000 | $18,962 | 5.12% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 25 | $12,395,000 | $495,800 | $18,870 | 4.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 14 | $9,790,000 | $699,286 | $13,379 | 4.04% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 35 | $9,355,000 | $267,286 | $10,670 | 4.84% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 10 | $8,410,000 | $841,000 | $17,512 | 3.67% |
| Outside of Metro Areas | 28 | $8,140,000 | $290,714 | $12,503 | 5.06% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 20 | $8,130,000 | $406,500 | $13,658 | 4.94% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 24 | $7,790,000 | $324,583 | $18,090 | 4.81% |
| BOISE CITY, ID (FHA|USDA|VA) | 25 | $7,615,000 | $304,600 | $12,912 | 4.91% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 17 | $7,565,000 | $445,000 | $18,955 | 5.00% |
| Heber, UT (FHA|USDA|VA) | 14 | $7,260,000 | $518,571 | $8,717 | 4.43% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 18 | $6,730,000 | $373,889 | $13,258 | 4.92% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 11 | $4,695,000 | $426,818 | $18,338 | 4.70% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $4,005,000 | $364,091 | $7,632 | 4.81% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $3,810,000 | $381,000 | $20,507 | 4.84% |
| VISALIA, CA (FHA|USDA|VA) | 13 | $3,735,000 | $287,308 | $12,274 | 4.81% |
| TUCSON, AZ (FHA|USDA|VA) | 14 | $3,530,000 | $252,143 | $16,827 | 5.18% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $3,505,000 | $1,168,333 | $15,328 | 3.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 11 | $3,445,000 | $313,182 | $13,550 | 4.35% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 11 | $3,195,000 | $290,455 | $19,650 | 5.70% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 8 | $3,180,000 | $397,500 | $14,131 | 4.08% |
| Price, UT (FHA|USDA|VA) | 13 | $2,995,000 | $230,385 | $7,379 | 4.91% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 7 | $2,715,000 | $387,857 | $22,122 | 4.98% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 9 | $2,685,000 | $298,333 | $19,787 | 5.47% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $2,640,000 | $330,000 | $13,300 | 5.26% |
| ASHEVILLE, NC (FHA|USDA|VA) | 7 | $2,595,000 | $370,714 | $26,742 | 4.70% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 8 | $2,590,000 | $323,750 | $22,284 | 5.12% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 9 | $2,555,000 | $283,889 | $17,036 | 4.89% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 9 | $2,515,000 | $279,444 | $18,286 | 5.17% |
| COLUMBIA, SC (FHA|USDA|VA) | 9 | $2,345,000 | $260,556 | $13,474 | 4.63% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 8 | $2,340,000 | $292,500 | $20,284 | 5.61% |
| Cedar City, UT (FHA|USDA|VA) | 8 | $2,320,000 | $290,000 | $8,286 | 4.78% |
| BEND, OR (FHA|USDA|VA) | 4 | $2,170,000 | $542,500 | $18,129 | 3.84% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $2,155,000 | $307,857 | $13,533 | 4.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 5 | $2,145,000 | $429,000 | $14,367 | 4.12% |
| POCATELLO, ID (FHA|USDA|VA) | 8 | $2,130,000 | $266,250 | $12,731 | 5.27% |
| COLUMBUS, OH (FHA|USDA|VA) | 7 | $2,105,000 | $300,714 | $20,803 | 5.04% |
| Rexburg, ID (FHA|USDA|VA) | 6 | $1,920,000 | $320,000 | $10,975 | 5.10% |
| STOCKTON, CA (FHA|USDA|VA) | 6 | $1,820,000 | $303,333 | $13,914 | 5.23% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,665,000 | $555,000 | $20,199 | 5.08% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 7 | $1,555,000 | $222,143 | $13,421 | 4.79% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,535,000 | $219,286 | $14,162 | 5.71% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $15,636 | 5.68% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $21,949 | 4.07% |
| SALEM, OR (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $17,695 | 4.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $14,678 | 4.58% |
| LOGAN, UT-ID (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $6,321 | 4.52% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $12,066 | 4.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $1,255,000 | $251,000 | $15,752 | 5.35% |
| Astoria, OR (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $11,306 | 4.50% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $14,488 | 5.13% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $16,134 | 4.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $11,989 | 5.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $22,116 | 5.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $17,953 | 5.75% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $19,814 | 5.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $19,088 | 5.00% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $14,398 | 5.16% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $11,697 | 4.97% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $12,269 | 4.50% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $10,871 | 3.25% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $13,512 | 4.78% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $9,989 | 5.06% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $10,201 | 4.63% |
| MERCED, CA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $17,258 | 5.29% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $17,306 | 4.75% |
| Blackfoot, ID (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $10,080 | 3.83% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $17,823 | 3.31% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $12,013 | 4.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $11,570 | 5.16% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $15,785 | 5.31% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $850,000 | $141,667 | $7,143 | 5.23% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $13,541 | 3.63% |
| Edwards, CO (FHA|USDA|VA) | 1 | $835,000 | $835,000 | $5,548 | 5.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $13,623 | 5.79% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $14,780 | 6.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $10,347 | 4.08% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $11,252 | 3.96% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $14,796 | 5.58% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $13,852 | 4.19% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $20,191 | 4.44% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $10,729 | 5.44% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $20,192 | 4.63% |
| Ontario, OR-ID (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $24,393 | 5.44% |
| Hailey, ID (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $16,279 | 5.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $16,237 | 5.13% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $14,454 | 3.25% |
| Vernal, UT (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $11,000 | 3.63% |
| Newport, OR (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $24,745 | 4.56% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $13,559 | 4.63% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,751 | 5.33% |
| RENO, NV (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $18,967 | 5.94% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $16,106 | 5.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $19,022 | 4.44% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $18,434 | 4.94% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $17,423 | 4.38% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $13,153 | 3.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $12,629 | 4.63% |
| Mountain Home, ID (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $14,747 | 4.31% |
| Roseburg, OR (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $13,585 | 5.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $10,729 | 4.88% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $12,326 | 5.88% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $15,820 | 3.25% |
| BILLINGS, MT (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $17,465 | 5.38% |
| AKRON, OH (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $14,884 | 5.56% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $10,286 | 4.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $24,619 | 3.99% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $13,346 | 5.44% |
| Outside of Metro Areas | 1 | $375,000 | $375,000 | $14,828 | 3.88% |
| Shelton, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $27,062 | 4.75% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $19,792 | 5.25% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,991 | 5.38% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $14,040 | 5.50% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,857 | 4.63% |
| Lake City, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $25,701 | 5.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $16,796 | 4.50% |
| CHICO, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $18,150 | 5.63% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $16,516 | 5.13% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $22,060 | 2.99% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $17,809 | 4.99% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $20,046 | 6.63% |
| Shelby, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $18,117 | 3.63% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,090 | 6.25% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $16,884 | 5.25% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,004 | 7.00% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $14,992 | 6.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $15,288 | 2.62% |
| RACINE, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $16,888 | 6.63% |
| Susanville, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $14,336 | 3.13% |
| Marion, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $17,438 | 4.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $15,500 | 3.25% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $14,040 | 4.99% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $19,537 | 5.13% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,351 | 3.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $13,416 | 5.63% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $10,043 | 4.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $16,106 | 5.25% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,746 | 8.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,234 | 5.75% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $9,436 | 5.50% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $7,094 | 3.38% |
| Dayton, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $8,420 | 6.25% |
| Snyder, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,134 | 5.63% |
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Product Mix
For 2022, Veritas Funding's most frequently originated type of loan was Conventional, with 814 originations. Their 2nd most popular type was FHA, with 402 originations.
Loan Reason
For 2022, Veritas Funding's most frequently cited loan purpose was Cash Out Refi, with 713 originations. The 2nd most popular reason was Home Purchase, with 692 originations.
Loan Duration/Length
For 2022, Veritas Funding's most frequently cited loan duration was 30 Year, with 1,453 originations. The 2nd most popular length was 15 Year, with 35 originations.
Origination Fees/Closing Costs
Veritas Funding's average total fees were $12,184, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 899 originations.
Interest Rates
During 2022, Veritas Funding's average interest rate for loans was 4.86%, while their most frequently originated rate bucket for loans was 4-5%, with 439 originations.
Loan Sizing
2022 saw Veritas Funding place emphasis on $200k-400k loans with 870 originations, totaling $259,830,000 in origination value.
Applicant Income
Veritas Funding lent most frequently to those with incomes in the $50k-75k range, with 435 originations. The second most popular income band? $75k-100k, with 378 originations.
Applicant Debt to Income Ratio
Veritas Funding lent most frequently to those with DTI ratios of 50-60%, with 222 originations. The next most common DTI ratio? 30-36%, with 206 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.10%
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 origination75.78%
Veritas Funding has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,515 | $569,485,000 | $375,898 |