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, Eugene, Phoenix, and Coos Bay among others. We have data for 61 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,783Origination Dollar Volume (All Markets)
$738,805,000Top 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) | 595 | $258,505,000 | $434,462 | $10,379 | 5.19% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 277 | $146,325,000 | $528,249 | $12,341 | 5.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 172 | $60,620,000 | $352,442 | $9,930 | 5.01% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 143 | $54,885,000 | $383,811 | $9,492 | 5.29% |
| Coos Bay, OR (FHA|USDA|VA) | 65 | $20,055,000 | $308,538 | $9,859 | 5.00% |
| BEND, OR (FHA|USDA|VA) | 39 | $19,335,000 | $495,769 | $10,666 | 5.13% |
| SALEM, OR (FHA|USDA|VA) | 49 | $16,215,000 | $330,918 | $9,968 | 5.03% |
| CORVALLIS, OR (FHA|USDA|VA) | 36 | $13,880,000 | $385,556 | $9,204 | 5.10% |
| Outside of Metro Areas | 35 | $11,675,000 | $333,571 | $8,339 | 4.77% |
| Roseburg, OR (FHA|USDA|VA) | 33 | $10,795,000 | $327,121 | $9,693 | 5.21% |
| Hood River, OR (FHA|USDA|VA) | 26 | $9,870,000 | $379,615 | $8,519 | 4.79% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 25 | $8,935,000 | $357,400 | $9,946 | 4.81% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 25 | $7,655,000 | $306,200 | $8,672 | 5.15% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 19 | $7,465,000 | $392,895 | $6,183 | 5.21% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 13 | $7,095,000 | $545,769 | $10,733 | 5.05% |
| Newport, OR (FHA|USDA|VA) | 18 | $7,040,000 | $391,111 | $9,373 | 5.69% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 18 | $6,610,000 | $367,222 | $8,790 | 4.50% |
| The Dalles, OR (FHA|USDA|VA) | 17 | $6,075,000 | $357,353 | $8,389 | 4.81% |
| Oak Harbor, WA (FHA|USDA|VA) | 15 | $5,505,000 | $367,000 | $11,490 | 5.28% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 12 | $5,140,000 | $428,333 | $12,874 | 5.25% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 17 | $5,005,000 | $294,412 | $7,688 | 6.73% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 12 | $4,750,000 | $395,833 | $11,926 | 6.20% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 8 | $3,860,000 | $482,500 | $12,548 | 5.26% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $3,490,000 | $581,667 | $11,834 | 4.25% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 7 | $2,895,000 | $413,571 | $12,128 | 5.34% |
| LONGVIEW, WA (FHA|USDA|VA) | 7 | $2,765,000 | $395,000 | $13,530 | 5.03% |
| Ellensburg, WA (FHA|USDA|VA) | 6 | $2,630,000 | $438,333 | $9,643 | 4.72% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 4 | $2,430,000 | $607,500 | $9,237 | 4.99% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $2,250,000 | $375,000 | $9,627 | 5.68% |
| Astoria, OR (FHA|USDA|VA) | 8 | $2,050,000 | $256,250 | $9,255 | 5.28% |
| Shelton, WA (FHA|USDA|VA) | 5 | $1,905,000 | $381,000 | $11,753 | 4.75% |
| Moses Lake, WA (FHA|USDA|VA) | 6 | $1,610,000 | $268,333 | $9,879 | 4.52% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 9 | $1,505,000 | $167,222 | $6,003 | 4.61% |
| Prineville, OR (FHA|USDA|VA) | 3 | $1,415,000 | $471,667 | $15,087 | 4.32% |
| Aberdeen, WA (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $14,008 | 5.90% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $10,035 | 4.34% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $14,663 | 3.63% |
| Klamath Falls, OR (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $6,876 | 4.76% |
| Centralia, WA (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $12,687 | 5.24% |
| GRANTS PASS, OR (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $9,213 | 5.22% |
| Show Low, AZ (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $6,200 | 5.67% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $9,734 | 3.38% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $18,024 | 3.63% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $27,939 | 7.25% |
| Helena, MT (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $15,664 | 5.10% |
| Outside of Metro Areas | 1 | $535,000 | $535,000 | $14,544 | 5.48% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $10,240 | 6.11% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,109 | 3.50% |
| Brookings, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $15,150 | 5.63% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,419 | 5.25% |
| MADERA, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $14,884 | 4.88% |
| Payson, AZ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,221 | 4.15% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,626 | 5.80% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.53% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,089 | 5.13% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,566 | 3.99% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,051 | 3.63% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,047 | 6.53% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,364 | 3.55% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,453 | 5.00% |
| Clovis, NM (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $4,561 | 4.30% |
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.
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Product Mix
For 2022, Directors Mortgage's most frequently originated type of loan was Conventional, with 1,423 originations. Their 2nd most popular type was FHA, with 253 originations.
Loan Reason
For 2022, Directors Mortgage's most frequently cited loan purpose was Home Purchase, with 1,362 originations. The 2nd most popular reason was Cash Out Refi, with 295 originations.
Loan Duration/Length
For 2022, Directors Mortgage's most frequently cited loan duration was 30 Year, with 1,733 originations. The 2nd most popular length was 15 Year, with 37 originations.
Origination Fees/Closing Costs
Directors Mortgage's average total fees were $10,445, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 849 originations.
Interest Rates
During 2022, Directors Mortgage's average interest rate for loans was 5.15%, while their most frequently originated rate bucket for loans was 5-6%, with 535 originations.
Loan Sizing
2022 saw Directors Mortgage place emphasis on $200k-400k loans with 772 originations, totaling $238,800,000 in origination value.
Applicant Income
Directors Mortgage lent most frequently to those with incomes in the $100k-150k range, with 492 originations. The second most popular income band? $150k-250k, with 392 originations.
Applicant Debt to Income Ratio
Directors Mortgage lent most frequently to those with DTI ratios of 30-36%, with 273 originations. The next most common DTI ratio? 20-30%, with 199 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.44%
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 origination55.13%
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 | 1,783 | $738,805,000 | $414,361 |