Financial Funding Solutions Mortgage Rates, Fees & Info

Littleton, CO

LEI: 549300X7KG2H84UCP685

Tax ID: 76-0718556

5 stars - out of 5 stars, based on 47 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Financial Funding Solutions is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Financial Funding Solutions has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Denver, Colorado Springs, Boulder, Fort Collins, and Phoenix among others. Financial Funding Solutions has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Financial Funding Solutions is typically an average fee lendor.


Originations

2,174

Origination Dollar Volume (All Markets)

$759,850,000

Awards

Financial Funding Solutions  30 Year Conventional Loans bronze Financial Funding Solutions  30 Year Conventional Loans silver Financial Funding Solutions  30 Year Conventional Loans gold Financial Funding Solutions  30 Year Conventional Loans bronze
Show all (4) awards

Relative Rate

Financial Funding Solutions 's average 30 year fixed rate mortgage of loans were 3.07%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.08%.

Relative Fees

Financial Funding Solutions 's average total fees for a 30 year fixed rate mortgage are $4,676.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 816 $299,390,000 $366,900 $4,011 3.08%
COLORADO SPRINGS, CO (FHA|USDA|VA) 225 $83,795,000 $372,422 $6,948 2.96%
BOULDER, CO (FHA|USDA|VA) 162 $81,380,000 $502,346 $4,439 3.03%
FORT COLLINS, CO (FHA|USDA|VA) 95 $34,765,000 $365,947 $4,902 3.02%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 104 $32,750,000 $314,904 $4,458 3.08%
GREELEY, CO (FHA|USDA|VA) 82 $31,620,000 $385,610 $5,588 3.03%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 32 $18,960,000 $592,500 $4,642 2.71%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 33 $18,665,000 $565,606 $4,709 2.72%
Outside of Metro Areas 60 $12,920,000 $215,333 $3,280 3.06%
WICHITA, KS (FHA|USDA|VA) 86 $11,460,000 $133,256 $3,126 3.08%
PUEBLO, CO (FHA|USDA|VA) 45 $10,495,000 $233,222 $5,611 3.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 60 $9,300,000 $155,000 $2,696 3.03%
LINCOLN, NE (FHA|USDA|VA) 47 $9,145,000 $194,574 $3,168 2.97%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 15 $8,695,000 $579,667 $3,198 2.61%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 23 $7,575,000 $329,348 $5,087 2.79%
Breckenridge, CO (FHA|USDA|VA) 11 $6,915,000 $628,636 $4,913 3.23%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 28 $6,310,000 $225,357 $3,291 2.87%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 16 $5,890,000 $368,125 $3,526 2.82%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $4,360,000 $726,667 $7,960 2.77%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 13 $4,145,000 $318,846 $2,577 2.74%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 6 $3,800,000 $633,333 $4,769 2.77%
Fort Morgan, CO (FHA|USDA|VA) 12 $3,750,000 $312,500 $4,336 3.27%
STOCKTON, CA (FHA|USDA|VA) 9 $3,195,000 $355,000 $2,851 2.68%
Cañon City, CO (FHA|USDA|VA) 13 $3,085,000 $237,308 $4,075 2.96%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 7 $2,755,000 $393,571 $5,642 2.61%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $2,205,000 $315,000 $2,768 2.66%
GRAND JUNCTION, CO (FHA|USDA|VA) 6 $1,990,000 $331,667 $3,706 3.42%
Sterling, CO (FHA|USDA|VA) 9 $1,715,000 $190,556 $3,568 3.07%
Edwards, CO (FHA|USDA|VA) 3 $1,605,000 $535,000 $6,411 3.17%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $1,515,000 $216,429 $4,437 2.88%
BAKERSFIELD, CA (FHA|USDA|VA) 7 $1,475,000 $210,714 $3,909 3.05%
FRESNO, CA (FHA|USDA|VA) 5 $1,365,000 $273,000 $2,204 2.83%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,340,000 $335,000 $6,270 3.00%
SALINAS, CA (FHA|USDA|VA) 3 $1,155,000 $385,000 $2,024 2.87%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $1,115,000 $371,667 $9,185 2.79%
TUCSON, AZ (FHA|USDA|VA) 4 $1,060,000 $265,000 $4,865 2.69%
Glenwood Springs, CO (FHA|USDA|VA) 3 $1,005,000 $335,000 $3,319 3.21%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $990,000 $495,000 $6,894 3.06%
Durango, CO (FHA|USDA|VA) 3 $985,000 $328,333 $3,825 3.29%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $955,000 $318,333 $1,986 2.92%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $920,000 $230,000 $5,406 2.78%
CHEYENNE, WY (FHA|USDA|VA) 4 $910,000 $227,500 $4,094 2.69%
VISALIA, CA (FHA|USDA|VA) 3 $855,000 $285,000 $4,327 2.46%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $810,000 $405,000 $3,835 2.50%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $765,000 $255,000 $1,223 2.58%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $765,000 $765,000 $2,496 3.38%
MODESTO, CA (FHA|USDA|VA) 4 $750,000 $187,500 $2,947 2.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $700,000 $350,000 $8,790 2.50%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $665,000 $665,000 $8,020 2.75%
Oak Harbor, WA (FHA|USDA|VA) 1 $625,000 $625,000 $2,512 2.88%
EL CENTRO, CA (FHA|USDA|VA) 2 $590,000 $295,000 $5,862 3.19%
Steamboat Springs, CO (FHA|USDA|VA) 1 $585,000 $585,000 $7,961 3.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $555,000 $555,000 $2,302 2.88%
VALLEJO, CA (FHA|USDA|VA) 2 $550,000 $275,000 $4,181 3.14%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $545,000 $545,000 $3,489 3.38%
Payson, AZ (FHA|USDA|VA) 2 $540,000 $270,000 $7,782 2.56%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $500,000 $250,000 $2,933 2.81%
Shelton, WA (FHA|USDA|VA) 2 $470,000 $235,000 $3,860 2.88%
THE VILLAGES, FL (FHA|USDA|VA) 1 $465,000 $465,000 $9,378 2.99%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $460,000 $230,000 $3,817 2.69%
McPherson, KS (FHA|USDA|VA) 2 $440,000 $220,000 $2,449 2.88%
NAPA, CA (FHA|USDA|VA) 1 $435,000 $435,000 $8,603 3.38%
FARMINGTON, NM (FHA|USDA|VA) 2 $390,000 $195,000 $4,265 3.44%
CHICO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $8,587 3.50%
Sonora, CA (FHA|USDA|VA) 1 $385,000 $385,000 $9,064 2.88%
SANTA FE, NM (FHA|USDA|VA) 1 $365,000 $365,000 $4,952 3.50%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $365,000 $365,000 $3,668 3.38%
Riverton, WY (FHA|USDA|VA) 2 $360,000 $180,000 $1,836 2.75%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $345,000 $345,000 $4,833 3.13%
TOPEKA, KS (FHA|USDA|VA) 2 $340,000 $170,000 $5,581 3.31%
Scottsbluff, NE (FHA|USDA|VA) 2 $320,000 $160,000 $2,798 2.62%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $2,875 2.99%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $300,000 $150,000 $2,855 3.06%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $295,000 $295,000 $9,631 2.75%
YUBA CITY, CA (FHA|USDA|VA) 2 $290,000 $145,000 $1,800 2.56%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $255,000 $255,000 $1,231 3.25%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $255,000 $255,000 $2,811 3.13%
WENATCHEE, WA (FHA|USDA|VA) 1 $245,000 $245,000 $1,235 3.38%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $2,141 3.25%
Winfield, KS (FHA|USDA|VA) 3 $235,000 $78,333 $2,890 3.17%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,569 3.12%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $225,000 $225,000 $5,248 3.25%
EL PASO, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,587 3.12%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $215,000 $215,000 $3,347 2.99%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $215,000 $215,000 $6,566 2.88%
Quincy, IL-MO (FHA|USDA|VA) 2 $210,000 $105,000 $3,891 3.44%
Beatrice, NE (FHA|USDA|VA) 1 $205,000 $205,000 $2,858 2.75%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $205,000 $205,000 $4,951 2.13%
CASPER, WY (FHA|USDA|VA) 1 $195,000 $195,000 $1,772 2.75%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $195,000 $195,000 $1,379 2.63%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $185,000 $185,000 $3,994 2.88%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $175,000 $175,000 $1,556 2.75%
Liberal, KS (FHA|USDA|VA) 1 $175,000 $175,000 $4,637 3.20%
MANHATTAN, KS (FHA|USDA|VA) 2 $170,000 $85,000 $2,069 3.19%
Red Bluff, CA (FHA|USDA|VA) 1 $165,000 $165,000 $4,262 2.13%
REDDING, CA (FHA|USDA|VA) 1 $165,000 $165,000 $1,100 2.75%
Warrensburg, MO (FHA|USDA|VA) 1 $165,000 $165,000 $3,305 2.25%
Moses Lake, WA (FHA|USDA|VA) 1 $155,000 $155,000 $1,427 3.38%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $155,000 $155,000 $3,315 3.30%
Gillette, WY (FHA|USDA|VA) 1 $155,000 $155,000 $2,513 2.50%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $145,000 $145,000 $5,860 1.75%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,414 3.49%
North Platte, NE (FHA|USDA|VA) 1 $135,000 $135,000 $1,751 2.88%
Norfolk, NE (FHA|USDA|VA) 1 $135,000 $135,000 $2,787 2.99%
Kirksville, MO (FHA|USDA|VA) 1 $115,000 $115,000 $4,465 2.88%
Española, NM (FHA|USDA|VA) 1 $105,000 $105,000 $3,035 3.63%
Branson, MO (FHA|USDA|VA) 1 $105,000 $105,000 $2,641 2.88%

Financial Funding Solutions 's top markets include Denver, Colorado Springs, Boulder, Fort Collins, and Phoenix among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,868 $644,110,000 $344,813 $3,664 3.04%
VA 195 $78,255,000 $401,308 $8,723 2.77%
FHA 91 $30,145,000 $331,264 $9,795 3.06%
USDA 20 $7,340,000 $367,000 $7,844 2.78%

For the 2021 period, Financial Funding Solutions 's most frequently originated loan type of loans were Conventional, with 1,868 originations. Their 2nd most popular type is VA, with 195 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 972 $368,200,000 $378,807 $5,441 3.08%
Refi 641 $214,705,000 $334,953 $3,272 2.84%
Cash Out Refi 561 $176,945,000 $315,410 $3,940 3.11%

For the 2021, Financial Funding Solutions 's most frequently cited loan purpose of loans were Home Purchase, with 972 originations. The 2nd most popular reason of loans were Refi, with 641 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,839 $682,115,000 $370,916 $4,676 3.07%
15 Year 207 $49,665,000 $239,928 $2,907 2.53%
20 Year 76 $17,730,000 $233,289 $3,165 3.25%
10 Year 37 $5,835,000 $157,703 $2,701 2.51%
Other 13 $3,655,000 $281,154 $3,099 3.13%
1 Year 2 $850,000 $425,000 $5,123 3.69%

For the 2021, Financial Funding Solutions 's most frequently cited loan length of loans were 30 Year, with 1,839 originations. The 2nd most popular length of loans were 15 Year, with 207 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 935 $335,215,000 $358,519
$<1k 673 $205,265,000 $305,000
$2k-3k 229 $76,205,000 $332,773
$3k-4k 203 $76,005,000 $374,409
$5k+ 133 $67,055,000 $504,173

$4,676 of loans were Financial Funding Solutions 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 935 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,012 $379,620,000 $375,119
3-4% 864 $290,220,000 $335,903
<2.5% 255 $79,525,000 $311,863
4-5% 40 $9,810,000 $245,250
5-6% 3 $675,000 $225,000

During 2021, Financial Funding Solutions 's average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,012 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 976 $293,980,000 $301,209 $4,367 3.02%
$400k-600k 560 $267,810,000 $478,232 $5,333 3.01%
$100k-200k 338 $51,160,000 $151,361 $2,984 2.99%
$100,000 or less 137 $9,385,000 $68,504 $2,361 3.19%
$600k-1MM 137 $104,045,000 $759,453 $5,719 2.94%
$1MM+ 26 $33,470,000 $1,287,308 $8,763 2.85%

2021 saw Financial Funding Solutions place emphasis on $200k-400k loans with 976 originations, totaling $293,980,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 539 $196,885,000 $365,278 $4,230 3.02%
$50k-75k 496 $133,100,000 $268,347 $4,853 3.03%
$75k-100k 398 $127,770,000 $321,030 $4,690 3.04%
$150k-250k 362 $163,200,000 $450,829 $4,085 3.02%
$50k or less 206 $38,260,000 $185,728 $3,548 2.94%
$250k+ 171 $99,915,000 $584,298 $4,826 2.98%

Financial Funding Solutions lent most frequently to those with incomes in the $100k-150k range, with 539 originations. The second most popular income band? $50k-75k, with 496 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 430 $146,180,000 $339,953 $3,667 2.98%
30-36% 421 $146,365,000 $347,660 $4,097 3.03%
<20% 216 $64,670,000 $299,398 $3,213 2.98%
44% 89 $32,135,000 $361,067 $4,673 3.13%
42% 88 $33,580,000 $381,591 $4,080 3.14%
38% 87 $30,185,000 $346,954 $4,326 3.03%
39% 85 $33,925,000 $399,118 $4,625 3.02%
50-60% 78 $28,220,000 $361,795 $9,209 2.88%
41% 77 $29,675,000 $385,390 $4,670 3.09%
43% 71 $25,035,000 $352,606 $4,943 3.04%
36% 70 $25,710,000 $367,286 $4,652 3.08%
40% 69 $26,395,000 $382,536 $5,221 3.06%
37% 68 $25,690,000 $377,794 $5,306 2.95%
45% 66 $22,950,000 $347,727 $4,840 2.99%
49% 65 $23,845,000 $366,846 $4,799 3.09%
47% 63 $19,585,000 $310,873 $4,304 2.96%
48% 56 $19,940,000 $356,071 $5,808 3.08%
46% 48 $16,800,000 $350,000 $5,162 3.15%
>60% 6 $1,620,000 $270,000 $2,766 3.25%

Financial Funding Solutions lent most frequently to those with DTI ratios of 20-30%, with 430 originations. The next most common DTI ratio? 30-36%, with 421 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,676 $584,560,000 $348,783 $4,372 3.03%
Not provided 333 $113,705,000 $341,456 $4,181 2.95%
Asian 82 $32,200,000 $392,683 $4,696 2.93%
Black 62 $21,110,000 $340,484 $6,544 3.01%
Not applicable 6 $3,320,000 $553,333 $3,031 2.71%
American Indian 8 $2,620,000 $327,500 $3,770 3.25%
Native Hawaiian 7 $2,335,000 $333,571 $5,344 2.94%

Approval Rates

Total approvals of all applications
99.87%

Financial Funding Solutions has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
94.81%

Financial Funding Solutions has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
725.0 1 $65,000 $65,000
950.0 1 $65,000 $65,000
NA 2,172 $759,720,000 $349,779

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,174 $759,850,000 $349,517

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 192 $43,900,000 $228,646 $3,004 2.84%
40-60% 402 $130,950,000 $325,746 $3,235 2.88%
60-80% 770 $287,760,000 $373,714 $3,944 3.09%
80-100% 681 $262,795,000 $385,896 $5,393 3.06%
Over 100% 67 $27,675,000 $413,060 $13,544 2.92%
Under 20% 61 $6,375,000 $104,508 $1,543 3.17%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Financial Freedom Mortgage, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 40.0%
Financial Freedom Mortgage, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
Financial Freedom Mortgage, LLC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 20.0%
Financial Freedom Mortgage, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%