Directors Mortgage Rates, Fees & Info

LAKE OSWEGO, OR

LEI: 549300ZBXINP1Y94CN02

Tax ID: 93-1248952

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

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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, Eugene, Bend, and Hood River among others. We have data for 59 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 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
Home Equity Line of Credit (HELOC) 6.27% 3/24/24
30 Year Conventional Purchase 6.99% 3/24/24
30 Year Conventional Refi 6.77% 3/24/24
30 Year Cash-out Refi 7.18% 3/24/24
30 Year FHA Purchase 7.67% 3/24/24
30 Year FHA Refi 7.60% 3/24/24
30 Year VA Purchase 6.58% 3/24/24
30 Year VA Refi 6.27% 3/24/24
30 Year USDA Purchase 6.82% 3/24/24
15 Year Conventional Purchase 6.59% 3/24/24
15 Year Conventional Refi 6.33% 3/24/24
15 Year Cash-out Refi 6.33% 3/24/24
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.

Directors Mortgage Mortgage Calculator






Your Estimates

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

This is not an official calculator from Directors Mortgage. 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

2,338

Origination Dollar Volume (All Markets)

$754,500,000

Awards

DIRECTORS MORTGAGE 30 Year Conventional Loans silver DIRECTORS MORTGAGE FHA Loans gold DIRECTORS MORTGAGE FHA Loans gold
Show all (3) 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
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 996 $329,480,000 $330,803 $6,712 4.21%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 395 $159,285,000 $403,253 $8,474 4.18%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 204 $55,760,000 $273,333 $6,036 4.32%
BEND, OR (FHA|USDA|VA) 157 $48,045,000 $306,019 $5,809 4.08%
Hood River, OR (FHA|USDA|VA) 64 $20,430,000 $319,219 $6,449 4.24%
SALEM, OR (FHA|USDA|VA) 58 $15,940,000 $274,828 $6,255 4.26%
CORVALLIS, OR (FHA|USDA|VA) 53 $15,805,000 $298,208 $5,769 4.22%
Outside of Metro Areas 60 $13,090,000 $218,167 $5,375 4.29%
Astoria, OR (FHA|USDA|VA) 37 $9,215,000 $249,054 $4,652 4.09%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 44 $9,140,000 $207,727 $5,304 4.46%
ALBANY-LEBANON, OR (FHA|USDA|VA) 33 $8,735,000 $264,697 $7,003 4.18%
Newport, OR (FHA|USDA|VA) 23 $6,625,000 $288,043 $7,021 4.70%
LONGVIEW, WA (FHA|USDA|VA) 19 $6,055,000 $318,684 $7,502 4.23%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 18 $5,010,000 $278,333 $7,048 4.25%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 14 $4,930,000 $352,143 $7,052 4.14%
The Dalles, OR (FHA|USDA|VA) 17 $4,625,000 $272,059 $7,026 4.13%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 17 $3,685,000 $216,765 $6,124 4.96%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 13 $3,425,000 $263,462 $5,892 4.30%
Oak Harbor, WA (FHA|USDA|VA) 8 $3,340,000 $417,500 $7,316 3.86%
Moses Lake, WA (FHA|USDA|VA) 14 $3,210,000 $229,286 $6,556 4.15%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 7 $3,065,000 $437,857 $7,929 4.28%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $2,210,000 $552,500 $10,941 4.78%
Ellensburg, WA (FHA|USDA|VA) 6 $2,060,000 $343,333 $5,754 3.98%
Prineville, OR (FHA|USDA|VA) 7 $1,665,000 $237,857 $5,098 4.23%
Pullman, WA (FHA|USDA|VA) 5 $1,405,000 $281,000 $5,196 4.25%
Roseburg, OR (FHA|USDA|VA) 5 $1,225,000 $245,000 $6,511 4.40%
Aberdeen, WA (FHA|USDA|VA) 5 $1,215,000 $243,000 $6,138 4.10%
Hermiston-Pendleton, OR (FHA|USDA|VA) 7 $1,175,000 $167,857 $4,945 4.20%
BELLINGHAM, WA (FHA|USDA|VA) 3 $1,115,000 $371,667 $4,936 3.92%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,100,000 $550,000 $10,435 4.56%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $890,000 $445,000 $7,466 4.43%
MEDFORD, OR (FHA|USDA|VA) 3 $885,000 $295,000 $5,594 4.96%
WENATCHEE, WA (FHA|USDA|VA) 2 $840,000 $420,000 $7,700 4.63%
Shelton, WA (FHA|USDA|VA) 3 $735,000 $245,000 $8,255 4.71%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $730,000 $365,000 $2,918 3.88%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $715,000 $715,000 $18,483 4.13%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $600,000 $300,000 $5,813 4.44%
NAPA, CA (FHA|USDA|VA) 1 $555,000 $555,000 $18,610 4.13%
Centralia, WA (FHA|USDA|VA) 3 $515,000 $171,667 $4,065 4.25%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $505,000 $505,000 $8,890 3.63%
Outside of Metro Areas 2 $490,000 $245,000 $4,512 4.38%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $485,000 $485,000 $5,371 3.65%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $465,000 $465,000 $10,565 4.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $455,000 $455,000 $4,365 4.63%
La Grande, OR (FHA|USDA|VA) 2 $350,000 $175,000 $6,507 5.06%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $345,000 $345,000 $6,076 4.13%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,045 3.95%
YUBA CITY, CA (FHA|USDA|VA) 1 $325,000 $325,000 $9,752 4.25%
TUCSON, AZ (FHA|USDA|VA) 2 $280,000 $140,000 $5,042 4.31%
Port Angeles, WA (FHA|USDA|VA) 1 $275,000 $275,000 $6,087 3.75%
Klamath Falls, OR (FHA|USDA|VA) 1 $275,000 $275,000 $4,651 3.75%
Coos Bay, OR (FHA|USDA|VA) 2 $230,000 $115,000 $3,670 4.11%
BOISE CITY, ID (FHA|USDA|VA) 1 $215,000 $215,000 $6,515 3.63%
Moscow, ID (FHA|USDA|VA) 1 $185,000 $185,000 $3,899 4.00%
Othello, WA (FHA|USDA|VA) 1 $175,000 $175,000 $6,551 4.25%
YAKIMA, WA (FHA|USDA|VA) 1 $165,000 $165,000 $6,262 4.63%
WALLA WALLA, WA (FHA|USDA|VA) 1 $155,000 $155,000 $3,742 6.13%
VISALIA, CA (FHA|USDA|VA) 1 $145,000 $145,000 $4,132 4.00%
Ontario, OR-ID (FHA|USDA|VA) 1 $125,000 $125,000 $3,539 3.88%
Directors Mortgage's top markets include Portland, Seattle, Eugene, Bend, and Hood River among others.

Their top states include:
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Similar Lenders

    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.

    MYPOINT Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,698 $549,850,000 $323,822 $5,789 4.29%
    FHA 360 $108,440,000 $301,222 $10,014 4.17%
    VA 241 $85,635,000 $355,332 $8,685 3.91%
    USDA 39 $10,575,000 $271,154 $7,162 3.87%

    For 2019, Directors Mortgage's most frequently originated type of loan was Conventional, with 1,698 originations. Their 2nd most popular type was FHA, with 360 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,547 $506,425,000 $327,359 $7,038 4.27%
    Cash Out Refi 404 $118,760,000 $293,960 $6,921 4.27%
    Refi 387 $129,315,000 $334,147 $5,445 3.97%

    For 2019, Directors Mortgage's most frequently cited loan purpose was Home Purchase, with 1,547 originations. The 2nd most popular reason was Cash Out Refi, with 404 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,220 $722,910,000 $325,635 $6,823 4.24%
    15 Year 83 $21,595,000 $260,181 $5,143 3.68%
    20 Year 31 $8,495,000 $274,032 $5,678 4.13%
    Other 4 $1,500,000 $375,000 $11,615 4.56%

    For 2019, Directors Mortgage's most frequently cited loan duration was 30 Year, with 2,220 originations. The 2nd most popular length was 15 Year, with 83 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 758 $227,590,000 $300,251
    $2k-3k 460 $133,230,000 $289,630
    $5k+ 351 $153,215,000 $436,510
    $3k-4k 317 $97,815,000 $308,565
    $4k-5k 237 $79,205,000 $334,198
    $<1k 215 $63,445,000 $295,093

    Directors Mortgage's average total fees were $6,823, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 758 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,127 $360,445,000 $319,827
    3-4% 1,021 $338,605,000 $331,641
    5-6% 176 $51,550,000 $292,898
    2.5-3% 8 $2,600,000 $325,000
    6-7% 6 $1,300,000 $216,667

    During 2019, Directors Mortgage's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 4-5%, with 1,127 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,538 $459,370,000 $298,680 $6,495 4.21%
    $400k-600k 434 $201,180,000 $463,548 $8,271 4.15%
    $100k-200k 280 $45,090,000 $161,036 $4,755 4.37%
    $600k-1MM 59 $41,085,000 $696,356 $12,219 4.28%
    $100,000 or less 22 $1,760,000 $80,000 $3,528 4.37%
    $1MM+ 5 $6,015,000 $1,203,000 $17,921 4.40%

    2019 saw Directors Mortgage place emphasis on $200k-400k loans with 1,538 originations, totaling $459,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 599 $214,615,000 $358,289 $6,860 4.22%
    $50k-75k 577 $153,275,000 $265,641 $6,533 4.19%
    $75k-100k 524 $162,280,000 $309,695 $6,880 4.24%
    $150k-250k 317 $131,875,000 $416,009 $7,506 4.25%
    $50k or less 234 $51,460,000 $219,915 $5,323 4.23%
    $250k+ 79 $38,295,000 $484,747 $8,172 4.33%

    Directors Mortgage lent most frequently to those with incomes in the $100k-150k range, with 599 originations. The second most popular income band? $50k-75k, with 577 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 365 $114,465,000 $313,603 $6,311 4.15%
    20-30% 353 $111,455,000 $315,737 $5,770 4.15%
    50-60% 177 $56,575,000 $319,633 $10,010 4.16%
    44% 120 $39,470,000 $328,917 $7,069 4.35%
    42% 116 $36,140,000 $311,552 $6,488 4.29%
    43% 111 $36,495,000 $328,784 $7,299 4.30%
    49% 107 $35,495,000 $331,729 $7,526 4.44%
    40% 99 $33,955,000 $342,980 $6,826 4.24%
    45% 96 $30,460,000 $317,292 $7,301 4.34%
    48% 94 $28,730,000 $305,638 $6,084 4.40%
    47% 94 $29,910,000 $318,191 $6,694 4.36%
    41% 92 $32,700,000 $355,435 $7,275 4.29%
    36% 86 $27,720,000 $322,326 $6,451 4.24%
    <20% 85 $26,175,000 $307,941 $5,861 4.06%
    39% 78 $26,490,000 $339,615 $6,614 4.20%
    46% 77 $24,855,000 $322,792 $6,744 4.25%
    38% 73 $24,245,000 $332,123 $7,209 4.21%
    37% 66 $20,960,000 $317,576 $5,922 4.22%
    >60% 6 $2,190,000 $365,000 $5,273 4.46%

    Directors Mortgage lent most frequently to those with DTI ratios of 30-36%, with 365 originations. The next most common DTI ratio? 20-30%, with 353 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,789 $560,275,000 $313,178 $6,567 4.23%
    Not provided 444 $158,150,000 $356,194 $7,307 4.21%
    Asian 60 $21,640,000 $360,667 $7,167 4.28%
    Black 25 $7,935,000 $317,400 $9,014 4.23%
    American Indian 12 $3,610,000 $300,833 $6,528 4.21%
    Native Hawaiian or Islander 8 $2,890,000 $361,250 $8,710 4.16%

    Approval Rates

    Total approvals of all applications
    96.80%

    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 origination
    72.11%

    Directors Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,338 $754,500,000 $322,712

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 83 $19,265,000 $232,108
    Single Family (1-4 Units):Site-Built 2,255 $735,235,000 $326,047

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 74 $13,430,000 $181,486 $4,805 4.17%
    40-60% 205 $59,625,000 $290,854 $5,395 4.11%
    60-80% 714 $235,090,000 $329,258 $6,197 4.26%
    80-100% 1,276 $422,500,000 $331,113 $7,129 4.24%
    Over 100% 57 $21,545,000 $377,982 $13,838 3.93%
    Under 20% 8 $870,000 $108,750 $3,877 4.20%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    DIRECT LENDERS LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%