The Loan Company Of San Diego Mortgage Rates, Fees & Info
San Diego, CALEI: 2549001UO7C3LB3SXA82
Tax ID: 95-3705436
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Loan Company Of San Diego is a smaller mortgage company specializing in Home Purchase and Refi 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, Oxnard, and Riverside 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
41Origination Dollar Volume (All Markets)
$22,995,000Top 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) | 37 | $19,845,000 | $536,351 | $0 | 8.34% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $2,610,000 | $1,305,000 | $0 | 8.25% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 8.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.95% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 39 | $20,035,000 | $513,718 | $0 | 8.37% |
| HELOC | 2 | $2,960,000 | $1,480,000 | n/a | 8.00% |
For 2019, The Loan Company Of San Diego's most frequently originated type of loan was Conventional, with 39 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 30 | $14,140,000 | $471,333 | $0 | 8.35% |
| Refi | 7 | $5,605,000 | $800,714 | $0 | 8.04% |
| Cash Out Refi | 4 | $3,250,000 | $812,500 | $0 | 8.94% |
For 2019, The Loan Company Of San Diego's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
For 2019, The Loan Company Of San Diego's most frequently cited loan duration was Other, with 32 originations. The 2nd most popular length was 1 Year, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 29 | $13,825,000 | $476,724 |
| 7-8% | 11 | $8,775,000 | $797,727 |
| 6-7% | 1 | $395,000 | $395,000 |
During 2019, 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 29 originations.
Loan Sizing
2019 saw The Loan Company Of San Diego place emphasis on $400k-600k loans with 15 originations, totaling $7,155,000 in origination value.
Applicant Income
The Loan Company Of San Diego lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $50k-75k, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.41%
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 origination53.66%
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 |
|---|---|---|---|
| NA | 41 | $22,995,000 | $560,854 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $3,055,000 | $611,000 |
| Single Family (1-4 Units):Site-Built | 36 | $19,940,000 | $553,889 |