Van Dyk Mortgage Corporation Rates, Fees & Info

GRAND RAPIDS, MI

LEI: 549300XQ7B5FIVUNFE29

Tax ID: 38-2749215

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

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  • Origination Fees (Closing Costs)

    • Review & Overview

    Van Dyk Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. Van Dyk Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Tampa, Miami, Grand Rapids, Greeley, and North Port among others. We have data for 154 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Van Dyk Mortgage Corporation 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. Van Dyk Mortgage Corporation 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 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% 11/17/24
    30 Year Conventional Refi 6.62% 11/17/24
    30 Year Cash-out Refi 6.88% 11/17/24
    30 Year FHA Purchase 7.46% 11/17/24
    30 Year FHA Refi 7.22% 11/17/24
    30 Year VA Purchase 6.44% 11/17/24
    30 Year VA Refi 6.08% 11/17/24
    30 Year USDA Purchase 6.92% 11/17/24
    30 Year USDA Refi 6.27% 11/17/24
    15 Year Conventional Purchase 6.20% 11/17/24
    15 Year Conventional Refi 6.07% 11/17/24
    15 Year Cash-out Refi 6.07% 11/17/24
    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.

    Van Dyk Mortgage Corporation Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Van Dyk Mortgage Corporation. 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

    3,526

    Origination Dollar Volume (All Markets)

    $692,490,000
    Show all (32) 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
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1,034 $200,270,000 $193,685 $4,750 4.99%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 302 $76,940,000 $254,768 $5,338 4.89%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 256 $38,950,000 $152,148 $2,963 4.87%
    GREELEY, CO (FHA|USDA|VA) 121 $30,265,000 $250,124 $5,993 4.97%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 114 $30,030,000 $263,421 $5,371 4.78%
    ALBUQUERQUE, NM (FHA|USDA|VA) 155 $29,065,000 $187,516 $4,446 4.99%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 89 $26,385,000 $296,461 $5,988 4.95%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 123 $25,035,000 $203,537 $4,012 4.88%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 58 $16,990,000 $292,931 $3,638 4.84%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 95 $16,895,000 $177,842 $4,101 4.84%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 69 $14,155,000 $205,145 $4,224 4.86%
    MUSKEGON, MI (FHA|USDA|VA) 104 $12,170,000 $117,019 $3,011 5.03%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 74 $10,910,000 $147,432 $2,536 4.82%
    TOLEDO, OH (FHA|USDA|VA) 77 $9,725,000 $126,299 $3,118 5.04%
    Outside of Metro Areas 74 $9,450,000 $127,703 $2,751 5.01%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 34 $8,960,000 $263,529 $3,272 4.66%
    PUNTA GORDA, FL (FHA|USDA|VA) 41 $8,035,000 $195,976 $4,491 4.90%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 28 $7,490,000 $267,500 $4,252 5.23%
    POCATELLO, ID (FHA|USDA|VA) 39 $6,025,000 $154,487 $4,106 4.87%
    Blackfoot, ID (FHA|USDA|VA) 39 $5,745,000 $147,308 $3,362 4.76%
    Kendallville, IN (FHA|USDA|VA) 37 $4,535,000 $122,568 $2,550 4.91%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 21 $4,315,000 $205,476 $4,316 4.77%
    LOUISVILLE, KY (FHA|USDA|VA) 27 $4,155,000 $153,889 $2,515 4.77%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 17 $4,125,000 $242,647 $4,081 4.95%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 12 $4,000,000 $333,333 $4,655 4.81%
    FORT WAYNE, IN (FHA|USDA|VA) 29 $3,825,000 $131,897 $2,987 4.94%
    Cadillac, MI (FHA|USDA|VA) 28 $3,790,000 $135,357 $2,295 5.01%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 17 $3,685,000 $216,765 $3,072 5.03%
    TALLAHASSEE, FL (FHA|USDA|VA) 24 $3,410,000 $142,083 $3,248 5.03%
    JACKSONVILLE, FL (FHA|USDA|VA) 18 $3,280,000 $182,222 $3,289 4.89%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $2,630,000 $438,333 $8,842 4.73%
    Crossville, TN (FHA|USDA|VA) 21 $2,535,000 $120,714 $2,091 4.93%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 18 $2,330,000 $129,444 $2,957 5.04%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $2,245,000 $320,714 $4,352 4.73%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 11 $2,055,000 $186,818 $4,167 5.00%
    SALT LAKE CITY, UT (FHA|USDA|VA) 7 $2,015,000 $287,857 $4,570 4.68%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $1,965,000 $280,714 $3,453 4.54%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 11 $1,805,000 $164,091 $3,415 5.25%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,525,000 $508,333 $5,658 4.75%
    AKRON, OH (FHA|USDA|VA) 6 $1,480,000 $246,667 $4,057 4.94%
    Holland, MI (FHA|USDA|VA) 9 $1,465,000 $162,778 $3,529 4.82%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,425,000 $285,000 $6,664 5.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 9 $1,355,000 $150,556 $2,705 5.06%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $1,295,000 $185,000 $2,908 4.71%
    Cookeville, TN (FHA|USDA|VA) 7 $1,225,000 $175,000 $1,827 5.00%
    Silver City, NM (FHA|USDA|VA) 12 $1,210,000 $100,833 $4,181 5.06%
    PROVO-OREM, UT (FHA|USDA|VA) 5 $1,195,000 $239,000 $4,174 4.85%
    MONROE, MI (FHA|USDA|VA) 6 $1,190,000 $198,333 $4,350 4.88%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 9 $1,185,000 $131,667 $2,816 5.04%
    SPARTANBURG, SC (FHA|USDA|VA) 5 $1,165,000 $233,000 $4,707 4.88%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 9 $1,145,000 $127,222 $4,426 5.04%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 7 $1,065,000 $152,143 $4,012 5.04%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 6 $1,060,000 $176,667 $5,423 4.92%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 5 $1,015,000 $203,000 $3,800 5.03%
    Warsaw, IN (FHA|USDA|VA) 4 $970,000 $242,500 $2,973 5.06%
    SANTA FE, NM (FHA|USDA|VA) 5 $895,000 $179,000 $2,875 5.10%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $845,000 $281,667 $5,412 4.96%
    Fallon, NV (FHA|USDA|VA) 3 $835,000 $278,333 $4,429 4.50%
    Heber, UT (FHA|USDA|VA) 2 $780,000 $390,000 $10,894 4.75%
    Angola, IN (FHA|USDA|VA) 3 $765,000 $255,000 $3,012 4.88%
    Arcadia, FL (FHA|USDA|VA) 3 $735,000 $245,000 $4,883 4.88%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $670,000 $167,500 $1,858 4.84%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $660,000 $330,000 $6,009 5.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $645,000 $215,000 $5,782 5.00%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $640,000 $160,000 $3,844 5.34%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $610,000 $305,000 $7,893 5.00%
    BATTLE CREEK, MI (FHA|USDA|VA) 3 $595,000 $198,333 $3,376 4.79%
    Big Rapids, MI (FHA|USDA|VA) 6 $590,000 $98,333 $3,292 5.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 5 $585,000 $117,000 $3,172 5.08%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $570,000 $285,000 $4,379 5.00%
    IDAHO FALLS, ID (FHA|USDA|VA) 4 $570,000 $142,500 $4,522 4.63%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $565,000 $188,333 $6,269 5.04%
    Auburn, IN (FHA|USDA|VA) 6 $540,000 $90,000 $2,260 4.81%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 3 $505,000 $168,333 $4,915 5.00%
    OCALA, FL (FHA|USDA|VA) 2 $500,000 $250,000 $11,835 4.94%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $500,000 $125,000 $3,431 4.97%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $500,000 $250,000 $6,422 5.13%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $495,000 $495,000 $6,680 5.00%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $475,000 $475,000 $8,862 4.38%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $470,000 $235,000 $5,383 4.88%
    Traverse City, MI (FHA|USDA|VA) 3 $465,000 $155,000 $3,080 4.92%
    Oak Harbor, WA (FHA|USDA|VA) 1 $455,000 $455,000 $2,876 5.38%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $455,000 $455,000 $5,415 4.88%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $455,000 $455,000 $0 4.88%
    RENO, NV (FHA|USDA|VA) 1 $435,000 $435,000 $2,621 4.88%
    GREEN BAY, WI (FHA|USDA|VA) 2 $420,000 $210,000 $2,658 5.25%
    Cedar City, UT (FHA|USDA|VA) 1 $405,000 $405,000 $0 4.63%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 2 $400,000 $200,000 $3,779 4.94%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $365,000 $365,000 $3,420 5.38%
    JACKSON, MI (FHA|USDA|VA) 3 $355,000 $118,333 $2,438 4.83%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $355,000 $355,000 $5,990 4.75%
    Taos, NM (FHA|USDA|VA) 2 $350,000 $175,000 $3,415 4.69%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $557 4.88%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.25%
    BOISE CITY, ID (FHA|USDA|VA) 1 $315,000 $315,000 $3,566 4.38%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $305,000 $305,000 $9,273 4.38%
    Fort Morgan, CO (FHA|USDA|VA) 2 $300,000 $150,000 $4,068 4.94%
    Roswell, NM (FHA|USDA|VA) 1 $295,000 $295,000 $12,097 4.88%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $290,000 $145,000 $3,752 4.92%
    Palatka, FL (FHA|USDA|VA) 1 $285,000 $285,000 $528 5.88%
    APPLETON, WI (FHA|USDA|VA) 2 $270,000 $135,000 $3,455 4.75%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $265,000 $265,000 $3,726 5.38%
    STOCKTON, CA (FHA|USDA|VA) 1 $265,000 $265,000 $4,863 4.88%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $260,000 $130,000 $3,303 5.06%
    SAVANNAH, GA (FHA|USDA|VA) 1 $255,000 $255,000 $1,301 4.88%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,669 4.63%
    Scottsburg, IN (FHA|USDA|VA) 2 $240,000 $120,000 $1,491 5.19%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $240,000 $120,000 $2,323 5.25%
    Baraboo, WI (FHA|USDA|VA) 1 $235,000 $235,000 $3,100 5.25%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,793 4.50%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $235,000 $235,000 $8,399 4.63%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $225,000 $225,000 $3,097 4.75%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.75%
    Breckenridge, CO (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.25%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $190,000 $95,000 $2,540 5.44%
    BAY CITY, MI (FHA|USDA|VA) 1 $185,000 $185,000 $9,357 5.25%
    MIDLAND, MI (FHA|USDA|VA) 1 $185,000 $185,000 $7,349 5.00%
    FLINT, MI (FHA|USDA|VA) 1 $185,000 $185,000 $6,345 4.50%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $180,000 $90,000 $1,756 4.31%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $175,000 $175,000 $5,166 4.00%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $175,000 $175,000 $5,104 5.50%
    Ottawa, IL (FHA|USDA|VA) 2 $170,000 $85,000 $2,374 5.00%
    FLORENCE, SC (FHA|USDA|VA) 1 $165,000 $165,000 $3,745 4.75%
    Thomaston, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,967 5.00%
    MADISON, WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,516 4.88%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $155,000 $155,000 $6,932 4.25%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $155,000 $155,000 $3,528 5.13%
    Evanston, WY (FHA|USDA|VA) 1 $145,000 $145,000 $1,590 5.50%
    Dayton, TN (FHA|USDA|VA) 1 $145,000 $145,000 $3,681 5.25%
    Dublin, GA (FHA|USDA|VA) 1 $145,000 $145,000 $1,362 4.63%
    Bluffton, IN (FHA|USDA|VA) 1 $145,000 $145,000 $6,178 4.38%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $135,000 $135,000 $2,278 5.25%
    Mount Pleasant, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,916 5.38%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.88%
    Athens, TN (FHA|USDA|VA) 1 $125,000 $125,000 $3,928 4.75%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $125,000 $125,000 $1,212 4.75%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,249 4.63%
    ROME, GA (FHA|USDA|VA) 1 $125,000 $125,000 $2,111 5.13%
    SUMTER, SC (FHA|USDA|VA) 1 $125,000 $125,000 $4,517 4.75%
    BOULDER, CO (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.13%
    DOVER, DE (FHA|USDA|VA) 1 $105,000 $105,000 $5,292 5.13%
    Shawano, WI (FHA|USDA|VA) 1 $105,000 $105,000 $3,967 4.50%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $85,000 $85,000 $2,832 5.25%
    Grants, NM (FHA|USDA|VA) 1 $85,000 $85,000 $1,465 4.75%
    Clewiston, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.63%
    Escanaba, MI (FHA|USDA|VA) 1 $85,000 $85,000 $4,349 4.75%
    COLUMBUS, OH (FHA|USDA|VA) 1 $75,000 $75,000 $3,457 5.00%
    Stevens Point, WI (FHA|USDA|VA) 1 $75,000 $75,000 $2,581 4.38%
    Decatur, IN (FHA|USDA|VA) 1 $75,000 $75,000 $1,203 4.50%
    Mount Sterling, KY (FHA|USDA|VA) 1 $65,000 $65,000 $1,160 5.25%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $65,000 $65,000 $3,610 5.13%
    Defiance, OH (FHA|USDA|VA) 1 $55,000 $55,000 $2,224 4.75%
    Houghton, MI (FHA|USDA|VA) 1 $55,000 $55,000 $2,262 5.13%
    MUNCIE, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.88%
    Van Dyk Mortgage Corporation's top markets include Tampa, Miami, Grand Rapids, Greeley, and North Port among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,125 $444,085,000 $208,981 $3,721 4.96%
    FHA 1,042 $174,240,000 $167,217 $5,209 4.93%
    VA 263 $62,495,000 $237,624 $5,593 4.75%
    USDA 93 $11,405,000 $122,634 $2,310 4.87%
    FHA 3 $265,000 $88,333 $0 4.53%

    For 2018, Van Dyk Mortgage Corporation's most frequently originated type of loan was Conventional, with 2,125 originations. Their 2nd most popular type was FHA, with 1,042 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,176 $622,390,000 $195,967 $4,207 4.94%
    Cash Out Refi 236 $44,910,000 $190,297 $4,831 4.98%
    Refi 110 $25,010,000 $227,364 $4,602 4.79%
    Other 4 $180,000 $45,000 $3,557 4.80%

    For 2018, Van Dyk Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 3,176 originations. The 2nd most popular reason was Cash Out Refi, with 236 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,379 $665,145,000 $196,847 $4,260 4.95%
    15 Year 88 $16,200,000 $184,091 $4,298 4.33%
    20 Year 46 $9,350,000 $203,261 $3,834 4.73%
    Other 8 $1,310,000 $163,750 $6,984 4.64%
    10 Year 5 $485,000 $97,000 $4,199 4.43%

    For 2018, Van Dyk Mortgage Corporation's most frequently cited loan duration was 30 Year, with 3,379 originations. The 2nd most popular length was 15 Year, with 88 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,725 $323,805,000 $187,713
    $1k-2k 1,053 $208,985,000 $198,466
    $2k-3k 378 $69,050,000 $182,672
    $3k-4k 197 $41,375,000 $210,025
    $4k-5k 92 $23,170,000 $251,848
    $5k+ 55 $20,135,000 $366,091

    Van Dyk Mortgage Corporation's average total fees were $4,260, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,725 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,066 $430,770,000 $208,504
    5-6% 1,357 $237,785,000 $175,228
    3-4% 80 $18,120,000 $226,500
    6-7% 21 $4,705,000 $224,048
    7-8% 1 $955,000 $955,000

    During 2018, Van Dyk Mortgage Corporation's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 2,066 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,650 $245,090,000 $148,539 $3,735 4.96%
    $200k-400k 1,221 $327,495,000 $268,219 $5,300 4.87%
    $100,000 or less 492 $37,650,000 $76,524 $2,919 5.04%
    $400k-600k 144 $65,140,000 $452,361 $5,249 4.80%
    $600k-1MM 13 $9,815,000 $755,000 $9,354 5.05%
    $1MM+ 6 $7,300,000 $1,216,667 $15,933 5.02%

    2018 saw Van Dyk Mortgage Corporation place emphasis on $100k-200k loans with 1,650 originations, totaling $245,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 1,542 $231,060,000 $149,844 $3,773 4.97%
    $50k-75k 870 $165,120,000 $189,793 $4,288 4.94%
    $75k-100k 434 $97,760,000 $225,253 $4,710 4.91%
    $100k-150k 396 $104,560,000 $264,040 $5,027 4.89%
    $150k-250k 171 $55,365,000 $323,772 $4,955 4.90%
    $250k+ 64 $29,530,000 $461,406 $6,061 4.82%

    Van Dyk Mortgage Corporation lent most frequently to those with incomes in the $50k or less range, with 1,542 originations. The second most popular income band? $50k-75k, with 870 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 850 $167,100,000 $196,588 $4,270 4.64%
    30-36% 459 $86,565,000 $188,595 $3,874 5.00%
    20-30% 389 $71,345,000 $183,406 $3,764 5.00%
    50-60% 163 $33,885,000 $207,883 $6,003 4.85%
    49% 163 $34,295,000 $210,399 $4,707 5.10%
    44% 142 $28,970,000 $204,014 $4,285 5.11%
    40% 128 $26,170,000 $204,453 $4,234 5.02%
    42% 127 $25,985,000 $204,606 $4,107 5.06%
    46% 121 $24,225,000 $200,207 $4,775 4.99%
    48% 117 $24,485,000 $209,274 $4,613 5.04%
    43% 117 $22,315,000 $190,726 $3,918 5.11%
    41% 115 $23,595,000 $205,174 $4,061 5.05%
    45% 112 $22,420,000 $200,179 $4,786 5.07%
    39% 111 $21,305,000 $191,937 $4,215 5.07%
    47% 103 $20,885,000 $202,767 $4,721 5.07%
    38% 102 $19,980,000 $195,882 $3,496 5.10%
    36% 101 $18,785,000 $185,990 $3,943 5.02%
    37% 96 $18,290,000 $190,521 $4,066 5.04%
    >60% 8 $1,370,000 $171,250 $5,402 4.69%

    Van Dyk Mortgage Corporation lent most frequently to those with DTI ratios of <20%, with 850 originations. The next most common DTI ratio? 30-36%, with 459 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,056 $593,530,000 $194,218 $4,186 4.93%
    Black 296 $59,290,000 $200,304 $4,691 5.03%
    Asian 89 $20,785,000 $233,539 $5,018 4.86%
    Not provided 61 $14,385,000 $235,820 $4,501 4.93%
    American Indian 15 $2,555,000 $170,333 $4,792 4.97%
    Native Hawaiian or Islander 5 $1,035,000 $207,000 $3,531 4.70%
    Other Asian 3 $665,000 $221,667 $7,133 5.04%
    Other Pacific Islander 1 $245,000 $245,000 $4,033 4.75%

    Approval Rates

    Total approvals of all applications
    90.52%

    Van Dyk Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.45%

    Van Dyk Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,526 $692,490,000 $196,395

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 62 $6,660,000 $107,419
    Single Family (1-4 Units):Site-Built 3,464 $685,830,000 $197,988

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $6,770,000 $147,174 $3,878 4.67%
    40-60% 140 $27,420,000 $195,857 $4,064 4.72%
    60-80% 677 $135,535,000 $200,199 $4,029 4.95%
    80-100% 2,629 $516,375,000 $196,415 $4,311 4.94%
    Over 100% 25 $5,685,000 $227,400 $6,923 5.00%
    Under 20% 9 $705,000 $78,333 $3,866 4.91%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    VANDYK MORTGAGE CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    VANDYK MORTGAGE CORPORATION FHA mortgage Closing on a mortgage 1 50.0%