Directors Mortgage Rates, Fees & Info
LAKE OSWEGO, ORLEI: 549300ZBXINP1Y94CN02
Tax ID: 93-1248952
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Mortgage Data
Review & Overview
Directors Mortgage is a smaller mortgage company specializing in Home Purchase loans. Directors Mortgage 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: Portland, Seattle, Albuquerque, Eugene, and Coos Bay among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)Directors Mortgage 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. Directors Mortgage is typically a high 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 | 6.72% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.72% | 4/5/25 |
| 30 Year FHA Purchase | 6.72% | 4/5/25 |
| 30 Year FHA Refi | 6.72% | 4/5/25 |
| 30 Year VA Purchase | 6.72% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 30 Year USDA Purchase | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.00% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 6.00% | 4/5/25 |
| 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. | ||
Directors Mortgage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,416Origination Dollar Volume (All Markets)
$584,090,000Awards
DIRECTORS MORTGAGE - 2024
DIRECTORS MORTGAGE is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Directors Mortgage's average 30 year fixed mortgage rate was
6.79%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.24%.
Relative Fees (Closing Costs)
Directors Mortgage's average total fees/closing costs for a 30 year fixed rate
mortgage were $12,551.
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 $8,356.
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 |
|---|---|---|---|---|---|
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 333 | $154,575,000 | $464,189 | $13,464 | 6.86% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 180 | $105,420,000 | $585,667 | $15,940 | 6.81% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 244 | $68,910,000 | $282,418 | $9,083 | 6.79% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 137 | $52,955,000 | $386,533 | $13,790 | 6.70% |
| Coos Bay, OR (FHA|USDA|VA) | 80 | $26,890,000 | $336,125 | $12,013 | 6.60% |
| CORVALLIS, OR (FHA|USDA|VA) | 44 | $19,640,000 | $446,364 | $10,895 | 6.73% |
| SANTA FE, NM (FHA|USDA|VA) | 21 | $11,775,000 | $560,714 | $14,028 | 6.93% |
| BEND, OR (FHA|USDA|VA) | 20 | $10,950,000 | $547,500 | $16,099 | 6.98% |
| Hood River, OR (FHA|USDA|VA) | 21 | $9,955,000 | $474,048 | $11,999 | 6.63% |
| SALEM, OR (FHA|USDA|VA) | 26 | $9,870,000 | $379,615 | $11,546 | 6.89% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 16 | $8,810,000 | $550,625 | $14,577 | 6.86% |
| Outside of Metro Areas | 24 | $8,200,000 | $341,667 | $9,919 | 6.79% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 13 | $7,055,000 | $542,692 | $11,231 | 7.09% |
| Roseburg, OR (FHA|USDA|VA) | 22 | $6,260,000 | $284,545 | $12,590 | 6.68% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 14 | $6,170,000 | $440,714 | $12,628 | 7.06% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 16 | $5,650,000 | $353,125 | $13,648 | 6.72% |
| The Dalles, OR (FHA|USDA|VA) | 15 | $5,115,000 | $341,000 | $14,478 | 6.44% |
| Newport, OR (FHA|USDA|VA) | 12 | $4,920,000 | $410,000 | $11,206 | 6.65% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 13 | $4,745,000 | $365,000 | $11,236 | 7.27% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 14 | $4,540,000 | $324,286 | $11,571 | 6.21% |
| Hobbs, NM (FHA|USDA|VA) | 14 | $3,470,000 | $247,857 | $9,968 | 6.46% |
| BELLINGHAM, WA (FHA|USDA|VA) | 4 | $3,040,000 | $760,000 | $14,812 | 6.63% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $2,995,000 | $998,333 | $20,760 | 6.79% |
| MEDFORD, OR (FHA|USDA|VA) | 10 | $2,980,000 | $298,000 | $8,478 | 7.08% |
| Las Vegas, NM (FHA|USDA|VA) | 12 | $2,520,000 | $210,000 | $9,127 | 6.35% |
| Taos, NM (FHA|USDA|VA) | 7 | $2,445,000 | $349,286 | $10,733 | 7.00% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $2,035,000 | $678,333 | $24,412 | 6.63% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 7 | $2,005,000 | $286,429 | $12,250 | 6.86% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 6 | $1,900,000 | $316,667 | $8,844 | 7.33% |
| LONGVIEW, WA (FHA|USDA|VA) | 6 | $1,820,000 | $303,333 | $10,061 | 6.69% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $1,735,000 | $578,333 | $21,495 | 6.91% |
| Oak Harbor, WA (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $15,224 | 6.56% |
| Astoria, OR (FHA|USDA|VA) | 3 | $1,475,000 | $491,667 | $14,026 | 7.13% |
| Klamath Falls, OR (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $11,328 | 6.78% |
| GRANTS PASS, OR (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $11,211 | 7.34% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $12,966 | 7.06% |
| Clovis, NM (FHA|USDA|VA) | 8 | $1,130,000 | $141,250 | $6,319 | 6.59% |
| Brookings, OR (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $14,233 | 7.06% |
| Ellensburg, WA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $8,652 | 9.31% |
| WENATCHEE, WA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $5,761 | 6.37% |
| Shelton, WA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $10,454 | 7.06% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $6,822 | 6.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $7,400 | 6.63% |
| NAPA, CA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $16,644 | 6.13% |
| Ruidoso, NM (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $0 | 8.54% |
| FARMINGTON, NM (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $11,289 | 7.69% |
| Hailey, ID (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $14,938 | 7.13% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $15,434 | 6.99% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $14,277 | 6.88% |
| Alamogordo, NM (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $7,564 | 6.75% |
| Moses Lake, WA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $11,210 | 6.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $12,805 | 6.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $13,813 | 6.88% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $24,363 | 6.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $19,012 | 6.99% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $8,906 | 6.99% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $7,006 | 6.88% |
| Aberdeen, WA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,673 | 6.50% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $16,240 | 7.38% |
| Centralia, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,846 | 7.13% |
| Roswell, NM (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $5,555 | 6.79% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $14,095 | 6.50% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $17,951 | 5.99% |
| Outside of Metro Areas | 1 | $335,000 | $335,000 | $7,148 | 7.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $13,777 | 6.88% |
| Los Alamos, NM (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,530 | 7.63% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,129 | 6.99% |
| Pullman, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,455 | 7.25% |
| Silver City, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,602 | 7.50% |
| Prineville, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,035 | 6.50% |
| Portales, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,633 | 6.38% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,460 | 6.25% |
| Grants, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,982 | 6.63% |
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We use machine learning to identify the top lenders compared against DIRECTORS MORTGAGE 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
For 2024, Directors Mortgage's most frequently originated type of loan was Conventional, with 977 originations. Their 2nd most popular type was FHA, with 346 originations.
Loan Reason
For 2024, Directors Mortgage's most frequently cited loan purpose was Home Purchase, with 1,246 originations. The 2nd most popular reason was Cash Out Refi, with 98 originations.
Loan Duration/Length
For 2024, Directors Mortgage's most frequently cited loan duration was 30 Year, with 1,400 originations. The 2nd most popular length was 15 Year, with 12 originations.
Origination Fees/Closing Costs
Directors Mortgage's average total fees were $12,551, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 867 originations.
Interest Rates
During 2024, Directors Mortgage's average interest rate for loans was 6.79%, while their most frequently originated rate bucket for loans was 6-7%, with 800 originations.
Loan Sizing
2024 saw Directors Mortgage place emphasis on $200k-400k loans with 631 originations, totaling $187,925,000 in origination value.
Applicant Income
Directors Mortgage lent most frequently to those with incomes in the $100k-150k range, with 375 originations. The second most popular income band? $150k-250k, with 320 originations.
Applicant Debt to Income Ratio
Directors Mortgage lent most frequently to those with DTI ratios of 30-36%, with 178 originations. The next most common DTI ratio? 20-30%, with 145 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.85%
Directors Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination62.99%
Directors Mortgage has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 12855.99 | 1 | $385,000 | $385,000 |
| NA | 1,415 | $583,705,000 | $412,512 |