The Loan Company Of San Diego Mortgage Rates, Fees & Info
San Diego, CALEI: 2549001UO7C3LB3SXA82
Tax ID: 95-3705436
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Mortgage Data
Review & Overview
The Loan Company Of San Diego is a smaller mortgage company specializing in Home Purchase and Other loans. The Loan Company Of San Diego has a high proportion of conventional loans. Their top markets by origination volume include: San Diego, Los Angeles, Riverside, and El Centro among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)The Loan Company Of San Diego 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.
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Originations
106Origination Dollar Volume (All Markets)
$70,570,000Top 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 |
|---|---|---|---|---|---|
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 96 | $68,150,000 | $709,896 | $0 | 8.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $1,595,000 | $319,000 | $0 | 8.35% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $0 | 8.69% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.75% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 106 | $70,570,000 | $665,755 | $0 | 8.51% |
For 2018, The Loan Company Of San Diego's most frequently originated type of loan was Conventional, with 106 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 59 | $36,345,000 | $616,017 | $0 | 8.37% |
| Other | 47 | $34,225,000 | $728,191 | $0 | 8.67% |
For 2018, The Loan Company Of San Diego's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Other, with 47 originations.
Loan Duration/Length
For 2018, The Loan Company Of San Diego's most frequently cited loan duration was Other, with 58 originations. The 2nd most popular length was 1 Year, with 26 originations.
Origination Fees/Closing Costs
The Loan Company Of San Diego's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 60 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 94 | $56,200,000 | $597,872 |
| 7-8% | 12 | $14,370,000 | $1,197,500 |
During 2018, The Loan Company Of San Diego's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 94 originations.
Loan Sizing
2018 saw The Loan Company Of San Diego place emphasis on $200k-400k loans with 33 originations, totaling $10,135,000 in origination value.
Applicant Income
The Loan Company Of San Diego lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| >60% | 36 | $34,150,000 | $948,611 | $0 | 8.51% |
| 36% | 1 | $55,000 | $55,000 | $0 | 9.00% |
The Loan Company Of San Diego lent most frequently to those with DTI ratios of >60%, with 36 originations. The next most common DTI ratio? 36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.55%
The Loan Company Of San Diego has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination7.55%
The Loan Company Of San Diego 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 |
|---|---|---|---|
| 10000.0 | 2 | $1,010,000 | $505,000 |
| 10440.0 | 1 | $345,000 | $345,000 |
| 10500.0 | 3 | $1,185,000 | $395,000 |
| 10587.5 | 1 | $385,000 | $385,000 |
| 10880.0 | 1 | $545,000 | $545,000 |
| 10950.0 | 1 | $545,000 | $545,000 |
| 11000.0 | 2 | $1,000,000 | $500,000 |
| 11085.0 | 1 | $695,000 | $695,000 |
| 11495.0 | 1 | $545,000 | $545,000 |
| 11550.0 | 1 | $385,000 | $385,000 |
| 12000.0 | 1 | $605,000 | $605,000 |
| 12500.0 | 1 | $625,000 | $625,000 |
| 134946.15 | 1 | $6,805,000 | $6,805,000 |
| 13500.0 | 1 | $675,000 | $675,000 |
| 13600.0 | 1 | $685,000 | $685,000 |
| 13625.0 | 1 | $545,000 | $545,000 |
| 13750.0 | 1 | $555,000 | $555,000 |
| 13800.0 | 1 | $695,000 | $695,000 |
| 14000.0 | 1 | $705,000 | $705,000 |
| 14250.0 | 1 | $575,000 | $575,000 |
| 14800.0 | 1 | $745,000 | $745,000 |
| 1500.0 | 1 | $35,000 | $35,000 |
| 15000.0 | 1 | $755,000 | $755,000 |
| 15500.0 | 1 | $775,000 | $775,000 |
| 16300.0 | 1 | $815,000 | $815,000 |
| 16600.0 | 1 | $835,000 | $835,000 |
| 16875.0 | 1 | $845,000 | $845,000 |
| 1700.0 | 1 | $45,000 | $45,000 |
| 17000.0 | 1 | $855,000 | $855,000 |
| 17600.0 | 1 | $885,000 | $885,000 |
| 18000.0 | 1 | $605,000 | $605,000 |
| 19000.0 | 1 | $955,000 | $955,000 |
| 19080.0 | 1 | $955,000 | $955,000 |
| 19500.0 | 2 | $1,630,000 | $815,000 |
| 2000.0 | 1 | $55,000 | $55,000 |
| 20000.0 | 1 | $805,000 | $805,000 |
| 21000.0 | 1 | $705,000 | $705,000 |
| 21250.0 | 1 | $855,000 | $855,000 |
| 21300.0 | 1 | $715,000 | $715,000 |
| 23750.0 | 1 | $955,000 | $955,000 |
| 2400.0 | 2 | $150,000 | $75,000 |
| 24000.0 | 1 | $805,000 | $805,000 |
| 24375.0 | 1 | $975,000 | $975,000 |
| 25750.0 | 1 | $1,285,000 | $1,285,000 |
| 27000.0 | 2 | $2,710,000 | $1,355,000 |
| 27960.0 | 1 | $1,395,000 | $1,395,000 |
| 3000.0 | 1 | $155,000 | $155,000 |
| 30000.0 | 1 | $1,205,000 | $1,205,000 |
| 30700.0 | 1 | $1,535,000 | $1,535,000 |
| 31500.0 | 1 | $1,055,000 | $1,055,000 |
| 32100.0 | 1 | $1,075,000 | $1,075,000 |
| 3480.0 | 1 | $135,000 | $135,000 |
| 3840.0 | 1 | $125,000 | $125,000 |
| 39000.0 | 1 | $1,955,000 | $1,955,000 |
| 4200.0 | 1 | $145,000 | $145,000 |
| 42724.8 | 1 | $2,135,000 | $2,135,000 |
| 4500.0 | 1 | $155,000 | $155,000 |
| 4695.0 | 1 | $105,000 | $105,000 |
| 4800.0 | 1 | $245,000 | $245,000 |
| 4820.0 | 1 | $245,000 | $245,000 |
| 50850.0 | 1 | $1,895,000 | $1,895,000 |
| 5132.0 | 1 | $255,000 | $255,000 |
| 5400.0 | 1 | $275,000 | $275,000 |
| 5500.0 | 1 | $275,000 | $275,000 |
| 5550.0 | 1 | $185,000 | $185,000 |
| 5980.0 | 1 | $295,000 | $295,000 |
| 6000.0 | 4 | $920,000 | $230,000 |
| 6250.0 | 1 | $255,000 | $255,000 |
| 6300.0 | 1 | $315,000 | $315,000 |
| 6337.5 | 1 | $315,000 | $315,000 |
| 6400.0 | 1 | $325,000 | $325,000 |
| 6600.0 | 1 | $335,000 | $335,000 |
| 6740.0 | 1 | $335,000 | $335,000 |
| 6750.0 | 2 | $500,000 | $250,000 |
| 7000.0 | 2 | $380,000 | $190,000 |
| 70225.0 | 1 | $2,655,000 | $2,655,000 |
| 7200.0 | 2 | $730,000 | $365,000 |
| 7300.0 | 1 | $365,000 | $365,000 |
| 7342.5 | 1 | $265,000 | $265,000 |
| 7425.0 | 1 | $275,000 | $275,000 |
| 7437.5 | 1 | $295,000 | $295,000 |
| 7500.0 | 1 | $755,000 | $755,000 |
| 7560.0 | 1 | $375,000 | $375,000 |
| 76250.0 | 1 | $3,055,000 | $3,055,000 |
| 8000.0 | 2 | $810,000 | $405,000 |
| 8250.0 | 1 | $305,000 | $305,000 |
| 8320.0 | 1 | $415,000 | $415,000 |
| 8800.0 | 1 | $445,000 | $445,000 |
| 9180.0 | 1 | $305,000 | $305,000 |
| 9500.0 | 1 | $475,000 | $475,000 |
| 9750.0 | 1 | $395,000 | $395,000 |
| 9937.5 | 1 | $265,000 | $265,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 19 | $22,625,000 | $1,190,789 |
| Single Family (1-4 Units):Site-Built | 87 | $47,945,000 | $551,092 |