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 small mortgage company specializing in Home Purchase and Refi 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 Phoenix among others. We have data for 74 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/18/24 |
| 30 Year Conventional Purchase | 6.99% | 4/18/24 |
| 30 Year Conventional Refi | 6.77% | 4/18/24 |
| 30 Year Cash-out Refi | 7.18% | 4/18/24 |
| 30 Year FHA Purchase | 7.67% | 4/18/24 |
| 30 Year FHA Refi | 7.60% | 4/18/24 |
| 30 Year VA Purchase | 6.58% | 4/18/24 |
| 30 Year VA Refi | 6.27% | 4/18/24 |
| 30 Year USDA Purchase | 6.82% | 4/18/24 |
| 15 Year Conventional Purchase | 6.59% | 4/18/24 |
| 15 Year Conventional Refi | 6.33% | 4/18/24 |
| 15 Year Cash-out Refi | 6.33% | 4/18/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,319Origination Dollar Volume (All Markets)
$1,448,365,000Awards
DIRECTORS MORTGAGE - 2020
DIRECTORS MORTGAGE is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 1,827 | $634,415,000 | $347,244 | $6,425 | 3.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 639 | $263,585,000 | $412,496 | $7,694 | 3.24% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 375 | $101,795,000 | $271,453 | $6,477 | 3.25% |
| BEND, OR (FHA|USDA|VA) | 205 | $67,675,000 | $330,122 | $6,648 | 3.28% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 119 | $32,085,000 | $269,622 | $5,759 | 3.41% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 92 | $32,030,000 | $348,152 | $4,937 | 2.97% |
| SALEM, OR (FHA|USDA|VA) | 99 | $30,705,000 | $310,152 | $6,897 | 3.22% |
| Hood River, OR (FHA|USDA|VA) | 82 | $26,330,000 | $321,098 | $5,641 | 3.31% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 104 | $26,060,000 | $250,577 | $5,633 | 3.41% |
| CORVALLIS, OR (FHA|USDA|VA) | 74 | $22,690,000 | $306,622 | $6,102 | 3.21% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 71 | $22,135,000 | $311,761 | $4,789 | 3.32% |
| Outside of Metro Areas | 79 | $21,895,000 | $277,152 | $5,513 | 3.15% |
| Astoria, OR (FHA|USDA|VA) | 74 | $19,000,000 | $256,757 | $4,483 | 3.12% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 63 | $16,905,000 | $268,333 | $6,790 | 3.27% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 28 | $9,750,000 | $348,214 | $6,649 | 3.35% |
| Coos Bay, OR (FHA|USDA|VA) | 37 | $8,975,000 | $242,568 | $5,860 | 2.99% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 28 | $8,180,000 | $292,143 | $4,511 | 2.96% |
| The Dalles, OR (FHA|USDA|VA) | 25 | $7,685,000 | $307,400 | $6,120 | 3.20% |
| Oak Harbor, WA (FHA|USDA|VA) | 21 | $7,515,000 | $357,857 | $6,305 | 3.04% |
| Newport, OR (FHA|USDA|VA) | 21 | $6,325,000 | $301,190 | $5,946 | 3.12% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 18 | $5,810,000 | $322,778 | $7,191 | 3.65% |
| LONGVIEW, WA (FHA|USDA|VA) | 17 | $5,295,000 | $311,471 | $6,372 | 3.23% |
| Prineville, OR (FHA|USDA|VA) | 15 | $4,345,000 | $289,667 | $7,062 | 3.23% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $4,285,000 | $612,143 | $8,511 | 3.46% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 11 | $3,975,000 | $361,364 | $6,089 | 3.35% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 8 | $3,900,000 | $487,500 | $9,695 | 3.22% |
| Ellensburg, WA (FHA|USDA|VA) | 10 | $3,820,000 | $382,000 | $6,764 | 3.35% |
| WENATCHEE, WA (FHA|USDA|VA) | 10 | $3,730,000 | $373,000 | $7,285 | 3.39% |
| MEDFORD, OR (FHA|USDA|VA) | 11 | $3,625,000 | $329,545 | $7,453 | 3.41% |
| Moses Lake, WA (FHA|USDA|VA) | 14 | $3,460,000 | $247,143 | $6,524 | 3.06% |
| PROVO-OREM, UT (FHA|USDA|VA) | 10 | $3,310,000 | $331,000 | $3,830 | 3.71% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 9 | $3,005,000 | $333,889 | $7,377 | 3.17% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 9 | $2,805,000 | $311,667 | $7,416 | 3.11% |
| Roseburg, OR (FHA|USDA|VA) | 8 | $2,410,000 | $301,250 | $6,473 | 3.31% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $2,320,000 | $580,000 | $7,155 | 3.59% |
| BELLINGHAM, WA (FHA|USDA|VA) | 4 | $2,120,000 | $530,000 | $12,594 | 3.00% |
| Pullman, WA (FHA|USDA|VA) | 6 | $1,600,000 | $266,667 | $5,072 | 2.81% |
| Heber, UT (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $5,471 | 3.45% |
| GRANTS PASS, OR (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $8,869 | 3.17% |
| YAKIMA, WA (FHA|USDA|VA) | 6 | $1,490,000 | $248,333 | $5,574 | 2.81% |
| Outside of Metro Areas | 5 | $1,235,000 | $247,000 | $6,107 | 3.53% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $15,996 | 3.50% |
| Aberdeen, WA (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $4,814 | 3.77% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $14,043 | 3.06% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $6,735 | 3.06% |
| Brookings, OR (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $5,810 | 4.08% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,644 | 3.22% |
| Centralia, WA (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $3,428 | 3.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $8,402 | 3.13% |
| Shelton, WA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $6,694 | 2.88% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $5,635 | 3.16% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $5,046 | 2.94% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $6,198 | 2.94% |
| NAPA, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $14,093 | 3.38% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $6,993 | 3.00% |
| Klamath Falls, OR (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $5,914 | 3.42% |
| REDDING, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,321 | 3.13% |
| Payson, AZ (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $6,908 | 3.31% |
| CHICO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $10,087 | 2.88% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,950 | 3.45% |
| La Grande, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,697 | 3.63% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,204 | 3.13% |
| LEWISTON, ID-WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,148 | 2.63% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $6,080 | 1.75% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,884 | 2.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,755 | 3.50% |
| Fort Morgan, CO (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,200 | 1.75% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,035 | 2.75% |
| WALLA WALLA, WA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,208 | 2.75% |
| Durango, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,878 | 3.13% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,276 | 3.38% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,797 | 3.63% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,852 | 2.75% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,658 | 2.88% |
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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 2020, Directors Mortgage's most frequently originated type of loan was Conventional, with 3,489 originations. Their 2nd most popular type was FHA, with 439 originations.
Loan Reason
For 2020, Directors Mortgage's most frequently cited loan purpose was Home Purchase, with 1,892 originations. The 2nd most popular reason was Refi, with 1,605 originations.
Loan Duration/Length
For 2020, Directors Mortgage's most frequently cited loan duration was 30 Year, with 3,900 originations. The 2nd most popular length was 15 Year, with 276 originations.
Origination Fees/Closing Costs
Directors Mortgage's average total fees were $6,629, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,286 originations.
Interest Rates
During 2020, Directors Mortgage's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 3-4%, with 2,309 originations.
Loan Sizing
2020 saw Directors Mortgage place emphasis on $200k-400k loans with 2,547 originations, totaling $763,915,000 in origination value.
Applicant Income
Directors Mortgage lent most frequently to those with incomes in the $100k-150k range, with 1,049 originations. The second most popular income band? $50k-75k, with 935 originations.
Applicant Debt to Income Ratio
Directors Mortgage lent most frequently to those with DTI ratios of 20-30%, with 832 originations. The next most common DTI ratio? 30-36%, with 816 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.43%
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 origination66.68%
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 |
|---|---|---|---|
| NA | 4,319 | $1,448,365,000 | $335,347 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 99 | $24,865,000 | $251,162 |
| Single Family (1-4 Units):Site-Built | 4,220 | $1,423,500,000 | $337,322 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Direct Mortgage, Corp. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |