Financial Funding Solutions Mortgage Rates, Fees & Info

Littleton, CO

LEI: 549300X7KG2H84UCP685

Tax ID: 76-0718556

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Mortgage Data

Review & Overview

Financial Funding Solutions is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi 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, Boulder, Fort Collins, Greeley, and Colorado Springs among others. We have data for 47 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 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 6.53% 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

722

Origination Dollar Volume (All Markets)

$211,650,000

Awards

Financial Funding Solutions FHA Loans silver Financial Funding Solutions VA Loans silver
Show all (2) awards

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) 322 $110,620,000 $343,540 $4,423 4.09%
BOULDER, CO (FHA|USDA|VA) 51 $22,975,000 $450,490 $4,352 3.89%
FORT COLLINS, CO (FHA|USDA|VA) 37 $12,155,000 $328,514 $6,097 3.94%
GREELEY, CO (FHA|USDA|VA) 24 $7,630,000 $317,917 $4,935 4.05%
Outside of Metro Areas 40 $6,670,000 $166,750 $4,195 4.26%
COLORADO SPRINGS, CO (FHA|USDA|VA) 19 $5,155,000 $271,316 $3,693 4.03%
WICHITA, KS (FHA|USDA|VA) 46 $5,060,000 $110,000 $3,831 4.59%
KANSAS CITY, MO-KS (FHA|USDA|VA) 30 $4,780,000 $159,333 $3,391 4.19%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 17 $4,145,000 $243,824 $5,192 4.13%
LINCOLN, NE (FHA|USDA|VA) 19 $3,395,000 $178,684 $4,772 4.51%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 13 $2,735,000 $210,385 $4,167 4.25%
Fort Morgan, CO (FHA|USDA|VA) 10 $2,650,000 $265,000 $5,612 4.41%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $2,310,000 $577,500 $25,661 3.47%
Breckenridge, CO (FHA|USDA|VA) 3 $1,975,000 $658,333 $3,381 3.71%
PUEBLO, CO (FHA|USDA|VA) 14 $1,600,000 $114,286 $3,965 4.25%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $1,335,000 $445,000 $7,669 3.48%
VALLEJO, CA (FHA|USDA|VA) 5 $1,325,000 $265,000 $5,576 3.43%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $1,125,000 $225,000 $9,486 3.35%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $1,090,000 $545,000 $8,112 3.56%
Edwards, CO (FHA|USDA|VA) 2 $1,080,000 $540,000 $3,848 4.16%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $960,000 $480,000 $6,928 4.00%
Steamboat Springs, CO (FHA|USDA|VA) 1 $875,000 $875,000 $4,910 3.88%
Sterling, CO (FHA|USDA|VA) 5 $875,000 $175,000 $4,083 4.13%
Quincy, IL-MO (FHA|USDA|VA) 7 $875,000 $125,000 $3,621 4.06%
Winfield, KS (FHA|USDA|VA) 5 $645,000 $129,000 $3,310 4.62%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $620,000 $310,000 $2,909 3.69%
Cañon City, CO (FHA|USDA|VA) 5 $615,000 $123,000 $3,418 4.52%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $565,000 $565,000 $10,418 3.63%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $540,000 $270,000 $7,258 3.50%
NAPA, CA (FHA|USDA|VA) 1 $525,000 $525,000 $11,773 4.99%
TOPEKA, KS (FHA|USDA|VA) 3 $515,000 $171,667 $7,980 4.54%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $475,000 $475,000 $9,762 3.00%
CASPER, WY (FHA|USDA|VA) 3 $425,000 $141,667 $2,969 4.17%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $425,000 $425,000 $5,317 5.20%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $405,000 $405,000 $8,771 3.75%
CHEYENNE, WY (FHA|USDA|VA) 2 $400,000 $200,000 $4,288 3.69%
STOCKTON, CA (FHA|USDA|VA) 1 $345,000 $345,000 $9,446 3.45%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $305,000 $305,000 $6,861 3.75%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $285,000 $285,000 $3,845 3.63%
Scottsbluff, NE (FHA|USDA|VA) 3 $255,000 $85,000 $4,102 5.48%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $215,000 $215,000 $7,487 3.50%
Garden City, KS (FHA|USDA|VA) 2 $170,000 $85,000 $2,718 4.50%
VISALIA, CA (FHA|USDA|VA) 1 $165,000 $165,000 $5,353 3.75%
Riverton, WY (FHA|USDA|VA) 1 $115,000 $115,000 $3,182 3.50%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $105,000 $105,000 $3,064 3.75%
Galesburg, IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,826 5.13%
COLUMBIA, MO (FHA|USDA|VA) 1 $65,000 $65,000 $2,877 4.00%
Financial Funding Solutions's top markets include Denver, Boulder, Fort Collins, Greeley, and Colorado Springs among others.

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

    HOME BANK AND TRUST COMPANY
    Similarity Rank: 90
    U.S. HOME MORTGAGE, INC.
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    MID AMERICAN
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    SKYWARD
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    MAINSTREET FEDERAL CREDIT UNION
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    PANHANDLE FEDERAL CREDIT UNION
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    Christian Community Credit Union
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    ARAPAHOE CREDIT UNION
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    Wichita Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 577 $168,355,000 $291,776 $3,695 4.20%
    FHA 72 $16,970,000 $235,694 $7,813 4.01%
    VA 65 $24,625,000 $378,846 $9,418 3.59%
    USDA 8 $1,700,000 $212,500 $5,612 3.80%

    For 2019, Financial Funding Solutions's most frequently originated type of loan was Conventional, with 577 originations. Their 2nd most popular type was FHA, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 403 $117,405,000 $291,328 $4,757 4.10%
    Cash Out Refi 184 $50,290,000 $273,315 $5,021 4.28%
    Refi 135 $43,955,000 $325,593 $3,831 3.96%

    For 2019, Financial Funding Solutions's most frequently cited loan purpose was Home Purchase, with 403 originations. The 2nd most popular reason was Cash Out Refi, with 184 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 620 $195,970,000 $316,081 $4,888 4.08%
    15 Year 60 $9,730,000 $162,167 $3,134 4.17%
    20 Year 26 $3,790,000 $145,769 $2,982 4.54%
    10 Year 9 $1,155,000 $128,333 $3,918 5.10%
    Other 4 $930,000 $232,500 $4,264 4.22%
    5 Year 3 $75,000 $25,000 $1,939 5.13%

    For 2019, Financial Funding Solutions's most frequently cited loan duration was 30 Year, with 620 originations. The 2nd most popular length was 15 Year, with 60 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 442 $131,630,000 $297,805
    $<1k 83 $19,985,000 $240,783
    $2k-3k 81 $21,075,000 $260,185
    $3k-4k 53 $14,315,000 $270,094
    $5k+ 33 $14,135,000 $428,333
    $4k-5k 28 $10,000,000 $357,143

    Financial Funding Solutions's average total fees were $4,888, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 442 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 408 $135,110,000 $331,152
    4-5% 266 $69,000,000 $259,398
    5-6% 39 $5,355,000 $137,308
    2.5-3% 4 $1,520,000 $380,000
    6-7% 2 $480,000 $240,000
    7-8% 1 $25,000 $25,000
    Over 8% 1 $55,000 $55,000

    During 2019, Financial Funding Solutions's average interest rate for loans was 4.08%, while their most frequently originated rate bucket for loans was 3-4%, with 408 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 315 $94,095,000 $298,714 $4,713 4.02%
    $400k-600k 143 $66,395,000 $464,301 $5,388 3.93%
    $100k-200k 137 $21,005,000 $153,321 $3,917 4.19%
    $100,000 or less 97 $6,565,000 $67,680 $3,019 4.73%
    $600k-1MM 26 $18,590,000 $715,000 $8,283 3.83%
    $1MM+ 4 $5,000,000 $1,250,000 $13,680 3.84%

    2019 saw Financial Funding Solutions place emphasis on $200k-400k loans with 315 originations, totaling $94,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 176 $40,500,000 $230,114 $4,731 4.18%
    $100k-150k 164 $56,260,000 $343,049 $4,472 4.11%
    $50k or less 138 $23,880,000 $173,043 $4,383 4.15%
    $75k-100k 122 $34,600,000 $283,607 $5,139 4.12%
    $150k-250k 95 $39,085,000 $411,421 $4,464 4.06%
    $250k+ 27 $17,325,000 $641,667 $4,951 3.91%

    Financial Funding Solutions lent most frequently to those with incomes in the $50k-75k range, with 176 originations. The second most popular income band? $100k-150k, with 164 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 134 $36,690,000 $273,806 $3,995 4.09%
    30-36% 109 $29,155,000 $267,477 $4,388 4.22%
    50-60% 39 $11,635,000 $298,333 $8,150 4.04%
    44% 36 $10,400,000 $288,889 $4,480 4.21%
    <20% 33 $9,395,000 $284,697 $4,687 3.98%
    38% 33 $11,375,000 $344,697 $5,637 4.16%
    42% 33 $11,615,000 $351,970 $4,212 4.30%
    43% 32 $8,780,000 $274,375 $3,909 4.06%
    39% 30 $8,680,000 $289,333 $3,764 4.10%
    48% 30 $9,750,000 $325,000 $4,517 4.25%
    40% 29 $7,965,000 $274,655 $3,060 4.32%
    49% 28 $8,480,000 $302,857 $5,106 4.19%
    36% 27 $8,875,000 $328,704 $5,854 3.93%
    47% 26 $7,650,000 $294,231 $5,365 4.01%
    37% 22 $6,720,000 $305,455 $4,190 4.08%
    41% 20 $5,240,000 $262,000 $4,064 4.17%
    45% 20 $6,090,000 $304,500 $4,520 4.17%
    46% 20 $5,980,000 $299,000 $4,139 4.16%
    >60% 2 $550,000 $275,000 $10,543 4.00%

    Financial Funding Solutions lent most frequently to those with DTI ratios of 20-30%, with 134 originations. The next most common DTI ratio? 30-36%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 573 $173,835,000 $303,377 $4,696 4.09%
    Not provided 116 $28,490,000 $245,603 $4,379 4.29%
    Black 14 $3,660,000 $261,429 $5,763 4.29%
    Asian 11 $3,415,000 $310,455 $3,933 4.09%
    Not applicable 5 $1,305,000 $261,000 $3,799 3.93%
    American Indian 2 $650,000 $325,000 $5,205 3.81%
    Native Hawaiian or Islander 1 $295,000 $295,000 $3,143 4.38%

    Approval Rates

    Total approvals of all applications
    99.42%

    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
    87.26%

    Financial Funding Solutions has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $405,000 $405,000
    450.0 1 $205,000 $205,000
    NA 720 $211,040,000 $293,111

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $1,285,000 $142,778
    Single Family (1-4 Units):Site-Built 713 $210,365,000 $295,042

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $5,465,000 $176,290 $2,907 4.24%
    40-60% 77 $19,785,000 $256,948 $4,061 3.93%
    60-80% 292 $94,740,000 $324,452 $3,979 4.15%
    80-100% 288 $86,120,000 $299,028 $5,652 4.08%
    Over 100% 11 $3,555,000 $323,182 $12,256 3.79%
    Under 20% 23 $1,985,000 $86,304 $1,296 4.97%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Financial Freedom Mortgage, LLC VA mortgage Trouble during payment process 1 50.0%
    Financial Freedom Mortgage, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%