Directors Mortgage Rates, Fees & Info
LAKE OSWEGO, ORLEI: 549300ZBXINP1Y94CN02
Tax ID: 93-1248952
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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% | 12/16/24 |
| 30 Year Conventional Purchase | 6.99% | 12/16/24 |
| 30 Year Conventional Refi | 6.77% | 12/16/24 |
| 30 Year Cash-out Refi | 7.18% | 12/16/24 |
| 30 Year FHA Purchase | 7.67% | 12/16/24 |
| 30 Year FHA Refi | 7.60% | 12/16/24 |
| 30 Year VA Purchase | 6.58% | 12/16/24 |
| 30 Year VA Refi | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 6.82% | 12/16/24 |
| 15 Year Conventional Purchase | 6.59% | 12/16/24 |
| 15 Year Conventional Refi | 6.33% | 12/16/24 |
| 15 Year Cash-out Refi | 6.33% | 12/16/24 |
| 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
2,338Origination Dollar Volume (All Markets)
$754,500,000Awards
DIRECTORS MORTGAGE - 2019
DIRECTORS MORTGAGE is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
Work for DIRECTORS MORTGAGE?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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% |
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.
Similarity Rank: 147
Similarity Rank: 187
Similarity Rank: 390
Similarity Rank: 420
Similarity Rank: 534
Similarity Rank: 549
Similarity Rank: 630
Similarity Rank: 657
Similarity Rank: 704
Similarity Rank: 820
Product Mix
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
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
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
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
2019 saw Directors Mortgage place emphasis on $200k-400k loans with 1,538 originations, totaling $459,370,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.80%
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 origination72.11%
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
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% |