Home Bank Of California Mortgage Rates, Fees & Info
San Diego, CALEI: 2549005AULHKP8HBJL75
Tax ID: 95-3658226
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Mortgage Data
Review & Overview
Home Bank Of California is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Home Bank Of California has a high proportion of conventional loans. Their top two markets are San Diego and Los Angeles .Home Bank Of California has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
11Origination Dollar Volume (All Markets)
$11,945,000Top 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) | 10 | $6,550,000 | $655,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $5,395,000 | $5,395,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 11 | $11,945,000 | $1,085,909 | $0 | 0.00% |
For 2023, Home Bank Of California's most frequently originated type of loan was Conventional, with 11 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 6 | $3,950,000 | $658,333 | $0 | 0.00% |
| Cash Out Refi | 4 | $7,690,000 | $1,922,500 | $0 | 0.00% |
| Refi | 1 | $305,000 | $305,000 | $0 | 0.00% |
For 2023, Home Bank Of California's most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 11 | $11,945,000 | $1,085,909 | $0 | 0.00% |
For 2023, Home Bank Of California's most frequently cited loan duration was Other, with 11 originations.
Loan Sizing
2023 saw Home Bank Of California place emphasis on $400k-600k loans with 5 originations, totaling $2,575,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 1 | $445,000 | $445,000 | $0 | 0.00% |
| $150k-250k | 1 | $595,000 | $595,000 | $0 | 0.00% |
Home Bank Of California lent most frequently to those with incomes in the $100k-150k range, with 1 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 11 | $11,945,000 | $1,085,909 | $0 | 0.00% |
Home Bank Of California lent most frequently to those with DTI ratios of Exempt%, with 11 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 9 | $10,905,000 | $1,211,667 | $0 | 0.00% |
| Asian | 2 | $1,040,000 | $520,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Home Bank Of California has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.91%
Home Bank Of California has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 11 | $11,945,000 | $1,085,909 |