# VERITAS FUNDING, LLC

> **Canonical URL:** https://saferate.com/lenders/veritas-funding


> **📋 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


VERITAS FUNDING, LLC is a independent mortgage company, headquartered in MIDVALE, UT, serving borrowers across 21 states, with 936 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 86% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 49% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300UVOSI4XZZGUE14
- **Headquarters:** MIDVALE, UT
- **Geographic Reach:** Multi-Region
- **States Served:** 21
- **State List:** AR, AZ, CA, CO, FL, GA, ID, IL, IN, MT, NC, NJ, NM, OH, OR, SC, TN, TX, UT, WI, WY
- **Markets (MSAs):** 16
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 14/100
- Rating: ●○○○○ (1/5)

### Pull Through: Sound ☺️
- Score: 51/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.405%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $5,326
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 936
- **Dollar Volume:** $320 million
- **Applications Received:** 2,095
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $342,276
- **Average Borrower Income:** $105,183
- **Average Property Value:** $435,128

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 59/100 | 238 | +0.421% | $5,043 | Sound ☺️ |
| FHA | 77/100 | 475 | +0.479% | $6,393 | Strong 😀 |
| VA | 72/100 | 221 | +0.031% | $4,907 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 185 loans, Score: 58/100 (Sound)
- Refinance: 53 loans, Score: 47/100 (Sound)

**FHA:**
- Purchase: 182 loans, Score: 72/100 (Strong)
- Refinance: 293 loans, Score: 81/100 (Exceptional)

**VA:**
- Refinance: 211 loans, Score: 84/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 64/100 | 378 | $165M | +0.440% | Strong 😀 |
| Refinance | 65/100 | 558 | $155M | +0.264% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| UT | 315 | 0.70% | 78/100 |
| ID | 78 | 0.29% | 62/100 |
| NC | 68 | 0.05% | 56/100 |
| GA | 67 | 0.05% | 57/100 |
| FL | 65 | 0.02% | 52/100 |
| SC | 49 | 0.06% | 57/100 |
| CA | 39 | 0.01% | 47/100 |
| AZ | 34 | 0.03% | 50/100 |
| TN | 34 | 0.04% | 50/100 |
| OH | 32 | 0.02% | 48/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Salt Lake City | UT | 135 | 75/100 |
| Provo | UT | 110 | 74/100 |
| Non |  | 82 | 48/100 |
| Idaho Falls, ID | ID | 61 | 75/100 |
| Ogden, UT | UT | 33 | 58/100 |
| Atlanta | GA | 32 | 51/100 |
| St. George, UT | UT | 21 | 55/100 |
| Phoenix | AZ | 18 | 44/100 |
| Charlotte | NC-SC | 15 | 44/100 |
| Indianapolis | IN | 14 | 43/100 |
| Charleston | SC | 12 | 43/100 |
| Tampa, FL | FL | 12 | 41/100 |
| Chicago | IL | 11 | 39/100 |
| Denver | CO | 10 | 39/100 |
| Lakewood | NJ | 10 | 39/100 |

## Where This Lender Ranks

VERITAS FUNDING, LLC appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#11** in Idaho Falls, ID Mortgage Companies
  - [View Full Rankings](https://saferate.com/idaho-falls-id/best-mortgage-lenders/mortgage-companies)
- 🏆 **#14** in Idaho Falls, ID for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/idaho-falls-id/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#18** in St. George, UT for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/st-george-ut/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#20** in Idaho Falls, ID
  - [View Full Rankings](https://saferate.com/idaho-falls-id/best-mortgage-lenders)
- 🏆 **#20** in Idaho Falls, ID for FHA Loans
  - [View Full Rankings](https://saferate.com/idaho-falls-id/best-mortgage-lenders/fha-loans)
- 🏆 **#20** in St. George, UT for FHA Loans
  - [View Full Rankings](https://saferate.com/st-george-ut/best-mortgage-lenders/fha-loans)

## Frequently Asked Questions

### What loan types does VERITAS FUNDING, LLC offer?

VERITAS FUNDING, LLC 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 VERITAS FUNDING, LLC offer mortgages?

VERITAS FUNDING, LLC offers mortgages in 21 states: AR, AZ, CA, CO, FL, GA, ID, IL, IN, MT, NC, NJ, NM, OH, OR, SC, TN, TX, UT, WI, WY.

### How competitive are VERITAS FUNDING, LLC's mortgage rates?

VERITAS FUNDING, LLC has a pricing score of 14/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.405% above market average.

### What type of lender is VERITAS FUNDING, LLC?

VERITAS FUNDING, LLC is a non-depository lender that specializes in mortgage origination, headquartered in MIDVALE, UT.

### What is VERITAS FUNDING, LLC's loan approval success rate?

VERITAS FUNDING, LLC has a pull-through score of 51/100 (Sound). 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/veritas-funding

### How to Cite

> "VERITAS FUNDING, LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/veritas-funding

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