# DRAGAS MORTGAGE COMPANY

> **Canonical URL:** https://saferate.com/lenders/dragas-mortgage


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


DRAGAS MORTGAGE COMPANY is a independent mortgage company, headquartered in Virginia Beach, VA, with 109 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 78% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 35% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 5493001IWK74A5N1RE93
- **Headquarters:** Virginia Beach, VA
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** VA
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 22/100
- Rating: ●●○○○ (2/5)

### Pull Through: Strong 😀
- Score: 65/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.017%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,461
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 109
- **Dollar Volume:** $38 million
- **Applications Received:** 125
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $352,523
- **Average Borrower Income:** $134,349
- **Average Property Value:** $399,404

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 23/100 | 31 | +0.188% | $4,251 | Acceptable 🙂 |
| FHA | 56/100 | 26 | +0.104% | $4,340 | Sound ☺️ |
| VA | 66/100 | 52 | -0.340% | $4,909 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 31 loans, Score: 26/100 (Acceptable)

**FHA:**
- Purchase: 26 loans, Score: 56/100 (Sound)

**VA:**
- Purchase: 52 loans, Score: 67/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 40/100 | 109 | $38M | +0.017% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| VA | 109 | 0.10% | 72/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Virginia Beach | VA-NC | 109 | 76/100 |

## Frequently Asked Questions

### What loan types does DRAGAS MORTGAGE COMPANY offer?

DRAGAS MORTGAGE COMPANY offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does DRAGAS MORTGAGE COMPANY offer mortgages?

DRAGAS MORTGAGE COMPANY offers mortgages in 1 states: VA.

### How competitive are DRAGAS MORTGAGE COMPANY's mortgage rates?

DRAGAS MORTGAGE COMPANY has a pricing score of 22/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.017% above market average.

### What type of lender is DRAGAS MORTGAGE COMPANY?

DRAGAS MORTGAGE COMPANY is a non-depository lender that specializes in mortgage origination, headquartered in Virginia Beach, VA.

### What is DRAGAS MORTGAGE COMPANY's loan approval success rate?

DRAGAS MORTGAGE COMPANY has a pull-through score of 65/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/dragas-mortgage

### How to Cite

> "DRAGAS MORTGAGE COMPANY Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/dragas-mortgage

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