Financial Funding Solutions Mortgage Rates, Fees & Info

Littleton, CO

LEI: 549300X7KG2H84UCP685

Tax ID: 76-0718556

5 stars - Updated: 3/28/24 - out of 5 stars, based on 15 reviews

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

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Mortgage Data

Review & Overview

Financial Funding Solutions is a smaller mortgage company specializing in Home Purchase loans. Financial Funding Solutions 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: Denver, Lincoln, Boulder, Phoenix, and Fort Morgan among others. We have data for 31 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 a below average pick rate when compared to similar lenders. Financial Funding Solutions is typically a low 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 relatively high 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 6.53% 3/28/24
30 Year Conventional Refi 6.40% 3/28/24
30 Year Cash-out Refi 6.67% 3/28/24
30 Year FHA Purchase 7.48% 3/28/24
30 Year FHA Refi 7.01% 3/28/24
30 Year VA Purchase 6.18% 3/28/24
30 Year VA Refi 6.27% 3/28/24
30 Year USDA Purchase 6.90% 3/28/24
15 Year Conventional Purchase 6.12% 3/28/24
15 Year Conventional Refi 5.71% 3/28/24
15 Year Cash-out Refi 5.71% 3/28/24
15 Year VA Refi 5.68% 3/28/24
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.

Financial Funding Solutions Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Financial Funding Solutions. 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

214

Origination Dollar Volume (All Markets)

$69,860,000

Awards

Financial Funding Solutions 30 Year Conventional Loans gold Financial Funding Solutions 30 Year Conventional Loans bronze Financial Funding Solutions FHA Loans gold
Show all (3) awards

Relative Rate

Financial Funding Solutions's average 30 year fixed mortgage rate was 6.71%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.23%.

Relative Fees (Closing Costs)

Financial Funding Solutions's average total fees/closing costs for a 30 year fixed rate mortgage were $4,114.

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 $9,089.

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) 85 $38,815,000 $456,647 $3,905 6.75%
LINCOLN, NE (FHA|USDA|VA) 27 $7,035,000 $260,556 $3,207 6.80%
BOULDER, CO (FHA|USDA|VA) 6 $3,760,000 $626,667 $5,614 6.46%
Outside of Metro Areas 19 $2,735,000 $143,947 $3,077 6.87%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $2,490,000 $311,250 $9,272 6.27%
Fort Morgan, CO (FHA|USDA|VA) 10 $2,400,000 $240,000 $4,035 6.74%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 7 $1,685,000 $240,714 $2,554 6.56%
KANSAS CITY, MO-KS (FHA|USDA|VA) 9 $1,505,000 $167,222 $3,470 7.05%
GREELEY, CO (FHA|USDA|VA) 2 $910,000 $455,000 $12,982 6.38%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $910,000 $227,500 $3,206 6.63%
PUEBLO, CO (FHA|USDA|VA) 5 $875,000 $175,000 $5,247 6.37%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $845,000 $281,667 $3,122 6.83%
FORT COLLINS, CO (FHA|USDA|VA) 2 $700,000 $350,000 $1,043 6.18%
Quincy, IL-MO (FHA|USDA|VA) 5 $605,000 $121,000 $3,364 6.80%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $455,000 $455,000 $6,285 6.25%
WICHITA, KS (FHA|USDA|VA) 4 $420,000 $105,000 $3,676 6.88%
PANAMA CITY, FL (FHA|USDA|VA) 1 $405,000 $405,000 $7,989 6.49%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $400,000 $200,000 $3,034 7.06%
Sterling, CO (FHA|USDA|VA) 2 $390,000 $195,000 $5,092 6.13%
Beatrice, NE (FHA|USDA|VA) 1 $385,000 $385,000 $2,336 6.99%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $345,000 $345,000 $10,449 6.99%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $305,000 $305,000 $7,144 6.99%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $285,000 $285,000 $7,077 5.63%
TUCSON, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $2,802 6.62%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $245,000 $245,000 $8,605 7.13%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $3,793 6.00%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $155,000 $155,000 $725 6.99%
Farmington, MO (FHA|USDA|VA) 1 $145,000 $145,000 $3,449 6.88%
TOPEKA, KS (FHA|USDA|VA) 1 $115,000 $115,000 $2,582 5.88%
Sikeston, MO (FHA|USDA|VA) 1 $45,000 $45,000 $2,643 6.63%
McPherson, KS (FHA|USDA|VA) 1 $25,000 $25,000 $3,412 7.50%
Financial Funding Solutions's top markets include Denver, Lincoln, Boulder, Phoenix, and Fort Morgan among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • California (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.

    PANHANDLE FEDERAL CREDIT UNION
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    HOME BANK AND TRUST COMPANY
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    PRIORITY HOME MORTGAGE, L.P.
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    Los Angeles Federal Credit Union
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    South Metro Federal Credit Union
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    PREMIER MORTGAGE SERVICES, INC.
    Similarity Rank: 100
    El Dorado Savings Bank, F.S.B.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 167 $56,115,000 $336,018 $3,232 6.75%
    FHA 38 $10,210,000 $268,684 $6,991 6.58%
    VA 6 $3,170,000 $528,333 $8,453 6.48%
    USDA 3 $365,000 $121,667 $3,899 7.17%

    For 2023, Financial Funding Solutions's most frequently originated type of loan was Conventional, with 167 originations. Their 2nd most popular type was FHA, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 185 $62,035,000 $335,324 $3,794 6.73%
    Cash Out Refi 22 $4,030,000 $183,182 $5,521 6.84%
    Refi 7 $3,795,000 $542,143 $6,443 6.18%

    For 2023, Financial Funding Solutions's most frequently cited loan purpose was Home Purchase, with 185 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 203 $68,645,000 $338,153 $4,114 6.71%
    20 Year 6 $610,000 $101,667 $2,882 6.88%
    10 Year 3 $125,000 $41,667 $2,136 7.58%
    15 Year 2 $480,000 $240,000 $4,987 6.25%

    For 2023, Financial Funding Solutions's most frequently cited loan duration was 30 Year, with 203 originations. The 2nd most popular length was 20 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 113 $36,845,000 $326,062
    $1k-2k 54 $13,660,000 $252,963
    $5k+ 15 $9,045,000 $603,000
    $3k-4k 14 $4,950,000 $353,571
    $2k-3k 11 $3,355,000 $305,000
    $4k-5k 7 $2,005,000 $286,429

    Financial Funding Solutions's average total fees were $4,114, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 113 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 104 $31,210,000 $300,096
    7-8% 59 $19,555,000 $331,441
    5-6% 43 $15,955,000 $371,047
    Over 8% 6 $1,700,000 $283,333
    3-4% 1 $1,255,000 $1,255,000
    4-5% 1 $185,000 $185,000

    During 2023, Financial Funding Solutions's average interest rate for loans was 6.71%, while their most frequently originated rate bucket for loans was 6-7%, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 76 $22,490,000 $295,921 $4,043 6.75%
    $100k-200k 51 $7,835,000 $153,627 $2,916 6.81%
    $400k-600k 47 $23,355,000 $496,915 $5,489 6.45%
    $100,000 or less 21 $1,375,000 $65,476 $2,752 7.05%
    $600k-1MM 16 $10,810,000 $675,625 $3,983 6.87%
    $1MM+ 3 $3,995,000 $1,331,667 $10,691 5.54%

    2023 saw Financial Funding Solutions place emphasis on $200k-400k loans with 76 originations, totaling $22,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 51 $16,795,000 $329,314 $4,588 6.80%
    $50k-75k 47 $8,075,000 $171,809 $3,675 6.82%
    $150k-250k 46 $22,370,000 $486,304 $3,575 6.76%
    $75k-100k 37 $10,145,000 $274,189 $4,198 6.51%
    $250k+ 17 $10,445,000 $614,412 $5,911 6.46%
    $50k or less 16 $2,030,000 $126,875 $2,509 6.83%

    Financial Funding Solutions lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $50k-75k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 42 $12,240,000 $291,429 $3,018 6.64%
    30-36% 27 $7,535,000 $279,074 $3,538 6.62%
    <20% 18 $4,940,000 $274,444 $3,428 6.63%
    44% 13 $5,175,000 $398,077 $3,085 7.14%
    48% 11 $3,795,000 $345,000 $5,326 6.76%
    36% 11 $3,755,000 $341,364 $2,710 6.66%
    50-60% 10 $3,740,000 $374,000 $7,610 6.18%
    38% 10 $2,930,000 $293,000 $3,237 6.89%
    39% 10 $2,270,000 $227,000 $3,050 7.26%
    43% 10 $4,530,000 $453,000 $6,286 6.48%
    41% 8 $3,150,000 $393,750 $3,467 6.92%
    40% 8 $2,380,000 $297,500 $4,370 6.63%
    45% 7 $2,225,000 $317,857 $5,545 7.02%
    46% 7 $2,395,000 $342,143 $4,542 6.88%
    42% 7 $3,255,000 $465,000 $4,449 6.85%
    49% 6 $2,640,000 $440,000 $6,774 6.56%
    47% 5 $2,215,000 $443,000 $6,381 6.73%
    37% 4 $690,000 $172,500 $4,426 6.50%

    Financial Funding Solutions lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 159 $52,905,000 $332,736 $3,780 6.66%
    Not provided 37 $11,225,000 $303,378 $5,259 6.96%
    Black 11 $3,365,000 $305,909 $4,894 6.90%
    American Indian 4 $1,520,000 $380,000 $2,131 6.64%
    Asian 3 $845,000 $281,667 $3,498 6.58%

    Approval Rates

    Total approvals of all applications
    93.59%

    Financial Funding Solutions has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.44%

    Financial Funding Solutions has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 214 $69,860,000 $326,449

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    214 $69,860,000 $326,449

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $2,625,000 $175,000 $2,679 6.74%
    40-60% 20 $7,370,000 $368,500 $3,822 6.47%
    60-80% 56 $21,550,000 $384,821 $4,479 6.78%
    80-100% 115 $36,845,000 $320,391 $3,919 6.71%
    Over 100% 2 $1,120,000 $560,000 $18,485 6.50%
    Under 20% 6 $350,000 $58,333 $2,327 7.15%