Home Bank Of California Mortgage Rates, Fees & Info

San Diego, CA

LEI: 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

11

Origination Dollar Volume (All Markets)

$11,945,000

Top 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%
Home Bank Of California's top markets include San Diego and Los Angeles among others.

Their top states include:
  • California (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 5 $2,575,000 $515,000 $0 0.00%
    $1MM+ 3 $8,035,000 $2,678,333 $0 0.00%
    $200k-400k 2 $510,000 $255,000 $0 0.00%
    $600k-1MM 1 $825,000 $825,000 $0 0.00%

    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 applications
    100.00%

    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 origination
    90.91%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    11 $11,945,000 $1,085,909

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    Over 100% 11 $11,945,000 $1,085,909 $0 0.00%