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

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & 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 by origination volume include: Denver, Colorado Springs, Boulder, Fort Collins, and Phoenix among others. We have data for 107 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Financial Funding Solutions has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Financial Funding Solutions 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.

    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% 12/4/22
    30 Year Conventional Refi 6.74% 12/4/22
    30 Year Cash-out Refi 6.94% 12/4/22
    30 Year FHA Purchase 7.77% 12/4/22
    30 Year FHA Refi 7.26% 12/4/22
    30 Year VA Purchase 6.61% 12/4/22
    30 Year VA Refi 6.29% 12/4/22
    30 Year USDA Purchase 6.83% 12/4/22
    15 Year Conventional Purchase 6.51% 12/4/22
    15 Year Conventional Refi 5.97% 12/4/22
    15 Year Cash-out Refi 5.97% 12/4/22
    15 Year VA Purchase 5.76% 12/4/22
    15 Year VA Refi 6.45% 12/4/22
    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.


    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 mortgage rate was 3.07%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.08%.

    Relative Fees (Closing Costs)

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

    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 $4,750.

    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
    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.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Financial Funding Solutions 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
    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 2021, Financial Funding Solutions's most frequently originated type of loan was Conventional, with 1,868 originations. Their 2nd most popular type was VA, with 195 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Financial Funding Solutions's most frequently cited loan purpose was Home Purchase, with 972 originations. The 2nd most popular reason was 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 2021, Financial Funding Solutions's most frequently cited loan duration was 30 Year, with 1,839 originations. The 2nd most popular length was 15 Year, with 207 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $5k+ 133 $67,055,000 $504,173
    $3k-4k 122 $46,390,000 $380,246
    $4k-5k 81 $29,615,000 $365,617

    Financial Funding Solutions's average total fees were $4,676, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.07%, while their most frequently originated rate bucket for loans was 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 or Islander 7 $2,335,000 $333,571 $5,344 2.94%

    Approval Rates

    Total approvals of all applications
    100.00%

    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
    98.71%

    Financial Funding Solutions has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    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%