Axos Bank Mortgage Rates, Fees & Info

San Diego, CA

LEI: 2549009X2AG1P20YAJ63

Tax ID: 33-0904883

1 stars - Updated: 5/14/24 - out of 5 stars, based on 28 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Axos Bank is a small bank specializing in Home Purchase and Cash Out Refi loans. Axos Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, San Diego, New York, San Francisco, and San Jose among others. We have data for 169 markets. (Some data included below & more in-depth data is available with an active subscription.)

Axos Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Axos Bank is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 7.82% 5/14/24
30 Year Conventional Purchase 7.05% 5/14/24
30 Year Conventional Refi 6.87% 5/14/24
30 Year Cash-out Refi 6.90% 5/14/24
30 Year FHA Purchase 7.24% 5/14/24
30 Year FHA Refi 6.27% 5/14/24
30 Year VA Purchase 5.76% 5/14/24
30 Year VA Refi 6.27% 5/14/24
15 Year Conventional Purchase 5.87% 5/14/24
15 Year Conventional Refi 5.86% 5/14/24
15 Year Cash-out Refi 5.86% 5/14/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Axos Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Axos Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

778

Origination Dollar Volume (All Markets)

$1,009,190,000

Awards

Axos Bank FHA Loans gold
Show all (1) awards

Relative Rate

Axos Bank's average 30 year fixed mortgage rate was 7%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.52%.

Relative Fees (Closing Costs)

Axos Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $21,319.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 121 $360,265,000 $2,977,397 $41,910 7.76%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 66 $105,730,000 $1,601,970 $21,792 6.86%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 43 $101,255,000 $2,354,767 $40,218 7.43%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 34 $73,040,000 $2,148,235 $39,668 7.93%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 22 $42,130,000 $1,915,000 $33,943 7.71%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 17 $36,245,000 $2,132,059 $55,425 7.49%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 23 $23,175,000 $1,007,609 $20,146 6.90%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $20,370,000 $5,092,500 $139,620 9.06%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 11 $16,955,000 $1,541,364 $17,874 6.84%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 19 $13,875,000 $730,263 $7,770 6.76%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $12,260,000 $6,130,000 $0 7.63%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 14 $12,170,000 $869,286 $11,037 7.32%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $11,185,000 $2,237,000 $43,500 8.48%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 9 $10,455,000 $1,161,667 $14,067 6.43%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $10,330,000 $1,721,667 $28,030 7.44%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 22 $7,370,000 $335,000 $8,979 6.40%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 13 $6,435,000 $495,000 $10,068 6.92%
SALINAS, CA (FHA|USDA|VA) 5 $6,215,000 $1,243,000 $19,303 8.10%
Outside of Metro Areas 15 $6,165,000 $411,000 $9,955 7.03%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 5 $5,315,000 $1,063,000 $12,398 6.73%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $4,815,000 $321,000 $7,392 7.03%
Key West, FL (FHA|USDA|VA) 1 $4,805,000 $4,805,000 $0 7.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $4,390,000 $548,750 $7,372 6.53%
NAPA, CA (FHA|USDA|VA) 1 $4,305,000 $4,305,000 $63,677 7.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $3,780,000 $315,000 $5,173 6.85%
BEND, OR (FHA|USDA|VA) 2 $3,510,000 $1,755,000 $37,576 7.31%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $3,465,000 $495,000 $13,025 6.36%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $3,455,000 $1,151,667 $36,609 7.92%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 7 $3,295,000 $470,714 $9,465 6.70%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $3,020,000 $1,510,000 $12,163 7.88%
Breckenridge, CO (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 8.25%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $2,545,000 $848,333 $15,783 7.00%
Jackson, WY-ID (FHA|USDA|VA) 3 $2,435,000 $811,667 $2,715 6.83%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $2,290,000 $286,250 $7,755 6.61%
ST. LOUIS, MO-IL (FHA|USDA|VA) 6 $2,110,000 $351,667 $12,907 7.21%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $2,100,000 $1,050,000 $19,665 7.81%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $24,213 7.75%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $1,980,000 $330,000 $3,435 7.19%
COLUMBUS, OH (FHA|USDA|VA) 8 $1,870,000 $233,750 $4,102 6.52%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,630,000 $815,000 $16,945 7.31%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $29,821 8.75%
OCALA, FL (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $11,721 7.63%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $1,440,000 $720,000 $10,173 7.25%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $1,430,000 $715,000 $4,263 7.06%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,325,000 $441,667 $11,908 7.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $1,320,000 $660,000 $32,226 8.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $1,310,000 $327,500 $5,332 6.91%
RICHMOND, VA (FHA|USDA|VA) 5 $1,305,000 $261,000 $0 6.95%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $1,250,000 $312,500 $1,962 6.16%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,230,000 $205,000 $3,313 6.23%
VALLEJO, CA (FHA|USDA|VA) 2 $1,210,000 $605,000 $6,778 7.05%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $1,205,000 $401,667 $0 6.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $1,135,000 $378,333 $7,281 6.92%
SAVANNAH, GA (FHA|USDA|VA) 2 $1,130,000 $565,000 $0 6.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $1,115,000 $371,667 $3,741 5.92%
Oak Harbor, WA (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $34,272 7.50%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $1,070,000 $535,000 $8,705 8.00%
Boone, NC (FHA|USDA|VA) 2 $1,040,000 $520,000 $0 6.44%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 8 $1,040,000 $130,000 $3,872 6.45%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 11 $1,035,000 $94,091 $3,061 7.24%
ASHEVILLE, NC (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $32,554 9.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $990,000 $495,000 $13,639 6.94%
MODESTO, CA (FHA|USDA|VA) 3 $965,000 $321,667 $5,835 7.29%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $960,000 $480,000 $0 6.88%
Outside of Metro Areas 1 $905,000 $905,000 $19,341 6.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $900,000 $450,000 $4,526 6.19%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $900,000 $450,000 $6,069 7.50%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $870,000 $217,500 $0 6.47%
Juneau, AK (FHA|USDA|VA) 2 $870,000 $435,000 $21,588 5.63%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $840,000 $420,000 $12,002 5.75%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $830,000 $415,000 $17,210 8.31%
RENO, NV (FHA|USDA|VA) 2 $810,000 $405,000 $16,028 6.88%
KNOXVILLE, TN (FHA|USDA|VA) 3 $765,000 $255,000 $4,692 7.04%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $755,000 $251,667 $4,341 7.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $710,000 $355,000 $5,059 6.69%
SALEM, OR (FHA|USDA|VA) 2 $700,000 $350,000 $5,009 6.13%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $665,000 $665,000 $3,007 7.00%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $665,000 $665,000 $0 8.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $660,000 $330,000 $5,454 6.75%
PUEBLO, CO (FHA|USDA|VA) 1 $635,000 $635,000 $20,241 7.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $630,000 $315,000 $1,519 6.38%
COLUMBIA, SC (FHA|USDA|VA) 3 $625,000 $208,333 $7,999 6.88%
Alamogordo, NM (FHA|USDA|VA) 3 $615,000 $205,000 $15,190 6.42%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $605,000 $605,000 $5,183 6.88%
Glenwood Springs, CO (FHA|USDA|VA) 1 $605,000 $605,000 $16,257 7.50%
STOCKTON, CA (FHA|USDA|VA) 1 $585,000 $585,000 $9,134 6.75%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $560,000 $280,000 $0 7.38%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $555,000 $555,000 $0 8.89%
ST. GEORGE, UT (FHA|USDA|VA) 1 $545,000 $545,000 $17,878 5.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $540,000 $270,000 $3,526 6.75%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $535,000 $535,000 $10,148 6.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $510,000 $255,000 $3,962 7.06%
Heber, UT (FHA|USDA|VA) 1 $505,000 $505,000 $10,731 7.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $500,000 $125,000 $0 7.06%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $475,000 $475,000 $3,180 5.88%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $455,000 $455,000 $4,774 6.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $455,000 $455,000 $0 6.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $445,000 $148,333 $12,718 6.17%
LOGAN, UT-ID (FHA|USDA|VA) 1 $445,000 $445,000 $2,037 6.00%
AKRON, OH (FHA|USDA|VA) 4 $440,000 $110,000 $4,893 7.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $440,000 $220,000 $2,021 7.69%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $435,000 $435,000 $2,459 6.38%
AMARILLO, TX (FHA|USDA|VA) 1 $425,000 $425,000 $4,521 6.50%
PITTSBURGH, PA (FHA|USDA|VA) 4 $420,000 $105,000 $0 6.72%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $415,000 $415,000 $3,291 6.38%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $405,000 $405,000 $0 5.75%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $405,000 $405,000 $0 7.88%
FRESNO, CA (FHA|USDA|VA) 2 $390,000 $195,000 $4,008 6.63%
TULSA, OK (FHA|USDA|VA) 2 $390,000 $195,000 $14,649 5.44%
Taos, NM (FHA|USDA|VA) 1 $385,000 $385,000 $0 7.25%
CASPER, WY (FHA|USDA|VA) 2 $370,000 $185,000 $1,059 5.75%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $365,000 $365,000 $3,472 7.75%
MERCED, CA (FHA|USDA|VA) 1 $355,000 $355,000 $16,461 6.63%
CLEVELAND, TN (FHA|USDA|VA) 1 $355,000 $355,000 $11,504 5.63%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $345,000 $345,000 $0 5.88%
YAKIMA, WA (FHA|USDA|VA) 1 $335,000 $335,000 $7,132 5.75%
JACKSON, MS (FHA|USDA|VA) 2 $330,000 $165,000 $0 6.75%
SYRACUSE, NY (FHA|USDA|VA) 2 $320,000 $160,000 $0 6.44%
Brookings, OR (FHA|USDA|VA) 1 $315,000 $315,000 $0 7.88%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $305,000 $305,000 $5,200 8.50%
Durango, CO (FHA|USDA|VA) 1 $305,000 $305,000 $1,564 7.63%
Wilmington, OH (FHA|USDA|VA) 1 $285,000 $285,000 $3,619 6.38%
Fernley, NV (FHA|USDA|VA) 1 $285,000 $285,000 $3,024 5.75%
ABILENE, TX (FHA|USDA|VA) 2 $280,000 $140,000 $0 6.88%
JOPLIN, MO (FHA|USDA|VA) 2 $280,000 $140,000 $0 7.50%
Aberdeen, WA (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.88%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $225,000 $225,000 $9,224 6.13%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $225,000 $225,000 $4,219 6.88%
CHICO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 6.38%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $205,000 $205,000 $6,476 5.88%
READING, PA (FHA|USDA|VA) 1 $205,000 $205,000 $4,019 6.25%
SAN ANGELO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,450 6.25%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $200,000 $100,000 $0 7.63%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $0 6.25%
RACINE, WI (FHA|USDA|VA) 1 $195,000 $195,000 $4,580 6.63%
Red Bluff, CA (FHA|USDA|VA) 1 $195,000 $195,000 $0 6.63%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $185,000 $185,000 $2,503 6.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $185,000 $185,000 $2,513 6.38%
Owatonna, MN (FHA|USDA|VA) 1 $185,000 $185,000 $9,448 6.75%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $185,000 $185,000 $6,130 5.75%
STAUNTON, VA (FHA|USDA|VA) 1 $185,000 $185,000 $3,151 7.00%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $185,000 $185,000 $7,221 7.38%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $165,000 $165,000 $8,945 5.63%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $165,000 $165,000 $2,042 6.63%
Winfield, KS (FHA|USDA|VA) 1 $165,000 $165,000 $2,025 5.75%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.63%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $165,000 $165,000 $2,640 6.63%
BOULDER, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.13%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $155,000 $155,000 $2,152 6.13%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $145,000 $145,000 $2,426 6.25%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,399 5.13%
NEW BERN, NC (FHA|USDA|VA) 1 $145,000 $145,000 $1,832 6.38%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,066 5.88%
GREAT FALLS, MT (FHA|USDA|VA) 1 $135,000 $135,000 $2,694 6.25%
DECATUR, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.88%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,812 7.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $115,000 $115,000 $0 6.88%
LAS CRUCES, NM (FHA|USDA|VA) 1 $115,000 $115,000 $2,320 5.75%
Durant, OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.38%
LUBBOCK, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.38%
MUSKEGON, MI (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.75%
FLORENCE, SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.63%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.88%
MONTGOMERY, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.13%
GREENVILLE, NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.50%
Ozark, AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.13%
Marshall, MN (FHA|USDA|VA) 1 $85,000 $85,000 $1,911 6.75%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.00%
Axos Bank's top markets include Los Angeles, San Diego, New York, San Francisco, and San Jose among others.

Their top states include:
  • California (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 753 $1,002,955,000 $1,331,946 $22,242 7.12%
    FHA 15 $5,045,000 $336,333 $13,035 6.13%
    HELOC 10 $1,190,000 $119,000 n/a 9.43%

    For 2023, Axos Bank's most frequently originated type of loan was Conventional, with 753 originations. Their 2nd most popular type was FHA, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 521 $639,535,000 $1,227,514 $23,939 7.09%
    Cash Out Refi 150 $234,620,000 $1,564,133 $16,947 7.19%
    Refi 62 $97,620,000 $1,574,516 $17,687 6.87%
    Home Improvement 31 $21,245,000 $685,323 $13,370 7.93%
    Other 14 $16,170,000 $1,155,000 $25,491 7.40%

    For 2023, Axos Bank's most frequently cited loan purpose was Home Purchase, with 521 originations. The 2nd most popular reason was Cash Out Refi, with 150 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 633 $674,705,000 $1,065,885 $21,319 7.00%
    10 Year 62 $177,770,000 $2,867,258 $1,568 8.08%
    1 Year 32 $133,410,000 $4,169,063 $57,466 9.50%
    Other 21 $13,435,000 $639,762 $4,547 4.50%
    15 Year 15 $5,015,000 $334,333 $6,878 5.86%
    20 Year 13 $2,185,000 $168,077 $6,576 8.77%
    30+ year 2 $2,670,000 $1,335,000 $14,080 7.69%

    For 2023, Axos Bank's most frequently cited loan duration was 30 Year, with 633 originations. The 2nd most popular length was 10 Year, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 210 $440,830,000 $2,099,190
    $<1k 136 $71,680,000 $527,059
    $1k-2k 46 $58,360,000 $1,268,696
    $2k-3k 16 $14,050,000 $878,125
    $3k-4k 16 $6,690,000 $418,125
    $4k-5k 14 $7,030,000 $502,143

    Axos Bank's average total fees were $21,319, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 210 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 281 $509,345,000 $1,812,616
    6-7% 242 $156,940,000 $648,512
    Over 8% 129 $293,395,000 $2,274,380
    5-6% 104 $35,750,000 $343,750
    4-5% 18 $11,130,000 $618,333
    3-4% 4 $2,630,000 $657,500

    During 2023, Axos Bank's average interest rate for loans was 7.00%, while their most frequently originated rate bucket for loans was 7-8%, with 281 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 243 $801,775,000 $3,299,486 $47,401 7.84%
    $200k-400k 145 $42,085,000 $290,241 $5,921 6.64%
    $100k-200k 119 $17,645,000 $148,277 $3,739 6.57%
    $600k-1MM 118 $88,040,000 $746,102 $13,391 7.26%
    $400k-600k 117 $56,895,000 $486,282 $6,965 6.65%
    $100,000 or less 36 $2,750,000 $76,389 $2,357 7.36%

    2023 saw Axos Bank place emphasis on $1MM+ loans with 243 originations, totaling $801,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 297 $561,235,000 $1,889,680 $36,017 7.45%
    $150k-250k 146 $58,730,000 $402,260 $8,954 6.88%
    $100k-150k 111 $48,905,000 $440,586 $8,851 6.80%
    $75k-100k 45 $10,395,000 $231,000 $5,702 6.54%
    $50k-75k 43 $10,935,000 $254,302 $7,897 6.53%
    $50k or less 17 $31,845,000 $1,873,235 $13,944 7.49%

    Axos Bank lent most frequently to those with incomes in the $250k+ range, with 297 originations. The second most popular income band? $150k-250k, with 146 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 107 $86,965,000 $812,757 $17,627 6.70%
    30-36% 99 $77,805,000 $785,909 $14,946 6.87%
    50-60% 80 $193,310,000 $2,416,375 $38,694 7.14%
    <20% 50 $82,800,000 $1,656,000 $23,718 7.20%
    49% 37 $27,535,000 $744,189 $15,111 6.78%
    45% 31 $22,325,000 $720,161 $14,191 6.68%
    42% 30 $12,100,000 $403,333 $7,277 6.76%
    >60% 28 $81,980,000 $2,927,857 $44,532 8.80%
    47% 27 $16,805,000 $622,407 $11,141 7.01%
    46% 25 $20,505,000 $820,200 $19,918 6.99%
    44% 22 $15,970,000 $725,909 $17,822 7.28%
    40% 21 $15,415,000 $734,048 $13,662 6.92%
    38% 20 $19,820,000 $991,000 $12,817 7.12%
    43% 20 $11,720,000 $586,000 $12,274 6.73%
    48% 19 $8,905,000 $468,684 $13,844 7.03%
    39% 18 $10,880,000 $604,444 $16,622 7.02%
    37% 18 $13,070,000 $726,111 $7,628 6.99%
    41% 15 $22,465,000 $1,497,667 $26,569 7.33%
    36% 12 $24,690,000 $2,057,500 $51,567 6.79%

    Axos Bank lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 373 $470,045,000 $1,260,174 $21,731 7.08%
    Not provided 207 $235,555,000 $1,137,947 $22,054 7.11%
    Not applicable 48 $166,680,000 $3,472,500 $0 8.14%
    Asian 82 $102,440,000 $1,249,268 $31,997 7.17%
    Black 29 $14,335,000 $494,310 $11,943 6.69%
    Asian Indian 20 $7,450,000 $372,500 $5,605 6.88%
    American Indian 6 $6,050,000 $1,008,333 $17,060 7.04%
    Vietnamese 3 $3,835,000 $1,278,333 $13,100 7.77%
    Korean 3 $795,000 $265,000 $4,365 6.08%
    Japanese 2 $740,000 $370,000 $4,029 5.20%
    Native Hawaiian or Islander 2 $510,000 $255,000 $5,620 6.06%
    Chinese 1 $395,000 $395,000 $0 6.75%
    Other Asian 1 $185,000 $185,000 $6,130 5.75%
    Filipino 1 $175,000 $175,000 $4,657 6.25%

    Approval Rates

    Total approvals of all applications
    77.08%

    Axos Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    28.92%

    Axos Bank 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 778 $1,009,190,000 $1,297,159

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    778 $1,009,190,000 $1,297,159

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 64 $59,900,000 $935,938 $11,551 7.10%
    40-60% 190 $366,000,000 $1,926,316 $27,062 7.42%
    60-80% 389 $468,265,000 $1,203,766 $22,427 7.16%
    80-100% 117 $107,325,000 $917,308 $19,388 6.40%
    Over 100% 2 $1,620,000 $810,000 $20,241 8.00%
    Under 20% 16 $6,080,000 $380,000 $15,121 8.41%