San Diego Funding Mortgage Rates, Fees & Info
San Diego, CALEI: 254900EZO02JGHXM3V19
Tax ID: 95-3668884
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Mortgage Data
Review & Overview
San Diego Funding is a smaller mortgage company specializing in Home Purchase loans. San Diego Funding has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: San Diego, Los Angeles, and Riverside among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)San Diego Funding 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. San Diego Funding 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.48% | 11/17/24 |
| 30 Year Conventional Refi | 6.37% | 11/17/24 |
| 30 Year Cash-out Refi | 6.62% | 11/17/24 |
| 30 Year FHA Purchase | 7.06% | 11/17/24 |
| 30 Year VA Purchase | 6.21% | 11/17/24 |
| 15 Year Conventional Purchase | 5.86% | 11/17/24 |
| 15 Year Conventional Refi | 6.67% | 11/17/24 |
| 15 Year Cash-out Refi | 6.67% | 11/17/24 |
| 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. | ||
San Diego Funding Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
53Origination Dollar Volume (All Markets)
$36,475,000Relative Rate
San Diego Funding's average 30 year fixed mortgage rate was
6.58%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.1%.
Relative Fees (Closing Costs)
San Diego Funding's average total fees/closing costs for a 30 year fixed rate
mortgage were $19,308.
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 |
|---|---|---|---|---|---|
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 47 | $33,585,000 | $714,574 | $19,810 | 6.59% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $2,240,000 | $560,000 | $14,762 | 6.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $12,991 | 6.69% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against San Diego Funding based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $18,810,000 | $553,235 | $13,015 | 6.69% |
| VA | 11 | $12,205,000 | $1,109,545 | $33,598 | 6.34% |
| FHA | 8 | $5,460,000 | $682,500 | $25,505 | 6.38% |
For 2023, San Diego Funding's most frequently originated type of loan was Conventional, with 34 originations. Their 2nd most popular type was VA, with 11 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 50 | $35,550,000 | $711,000 | $19,931 | 6.57% |
| Cash Out Refi | 3 | $925,000 | $308,333 | $6,513 | 6.50% |
For 2023, San Diego Funding's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 52 | $36,170,000 | $695,577 | $19,308 | 6.58% |
| 15 Year | 1 | $305,000 | $305,000 | $12,103 | 5.88% |
For 2023, San Diego Funding's most frequently cited loan duration was 30 Year, with 52 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
San Diego Funding's average total fees were $19,308, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 48 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 31 | $21,335,000 | $688,226 |
| 7-8% | 12 | $7,740,000 | $645,000 |
| 5-6% | 10 | $7,400,000 | $740,000 |
During 2023, San Diego Funding's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 6-7%, with 31 originations.
Loan Sizing
2023 saw San Diego Funding place emphasis on $400k-600k loans with 18 originations, totaling $9,010,000 in origination value.
Applicant Income
San Diego Funding lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $150k-250k, with 14 originations.
Applicant Debt to Income Ratio
San Diego Funding lent most frequently to those with DTI ratios of 50-60%, with 8 originations. The next most common DTI ratio? 49%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.73%
San Diego Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination52.83%
San Diego Funding 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 | 53 | $36,475,000 | $688,208 |