San Diego Funding Mortgage Rates, Fees & Info

San Diego, CA

LEI: 254900EZO02JGHXM3V19

Tax ID: 95-3668884

1 stars - Updated: 2/26/24 - out of 5 stars, based on 11 reviews

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

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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 a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Diego, Los Angeles, San Jose, Riverside, and Oxnard among others. We have data for 6 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 about average 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
30 Year Conventional Purchase 6.48% 2/26/24
30 Year Conventional Refi 6.37% 2/26/24
30 Year Cash-out Refi 6.62% 2/26/24
30 Year FHA Purchase 7.06% 2/26/24
30 Year VA Purchase 6.21% 2/26/24
15 Year Conventional Purchase 5.86% 2/26/24
15 Year Conventional Refi 6.67% 2/26/24
15 Year Cash-out Refi 6.67% 2/26/24
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






Your Estimates

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

This is not an official calculator from San Diego Funding. 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

123

Origination Dollar Volume (All Markets)

$82,965,000

Awards

San Diego Funding FHA Loans silver San Diego Funding VA Loans bronze
Show all (2) awards

Relative Rate

San Diego Funding's average 30 year fixed mortgage rate was 4.68%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.08%.

Relative Fees (Closing Costs)

San Diego Funding's average total fees/closing costs for a 30 year fixed rate mortgage were $14,306.

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 $4,750.

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) 107 $73,305,000 $685,093 $14,066 4.61%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $4,240,000 $706,667 $16,636 5.02%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,910,000 $955,000 $3,378 4.31%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $1,855,000 $371,000 $11,706 4.32%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,300,000 $650,000 $20,191 5.19%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $355,000 $355,000 $4,465 4.13%
San Diego Funding's top markets include San Diego, Los Angeles, San Jose, Riverside, and Oxnard among others.

Their top states include:
  • California (FHA|USDA|VA)
  • 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 101 $67,135,000 $664,703 $11,279 4.64%
    VA 18 $13,010,000 $722,778 $26,627 4.56%
    FHA 4 $2,820,000 $705,000 $25,186 4.41%

    For 2022, San Diego Funding's most frequently originated type of loan was Conventional, with 101 originations. Their 2nd most popular type was VA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 87 $63,945,000 $735,000 $16,918 4.92%
    Cash Out Refi 25 $12,145,000 $485,800 $7,044 3.95%
    Refi 10 $6,390,000 $639,000 $6,155 3.60%
    NA 1 $485,000 $485,000 $0 0.00%

    For 2022, San Diego Funding's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 117 $80,545,000 $688,419 $14,306 4.68%
    15 Year 4 $1,360,000 $340,000 $6,022 3.09%
    20 Year 1 $575,000 $575,000 $3,843 2.88%
    Other 1 $485,000 $485,000 $0 0.00%

    For 2022, San Diego Funding's most frequently cited loan duration was 30 Year, with 117 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 74 $56,060,000 $757,568
    $1k-2k 30 $18,430,000 $614,333
    $4k-5k 9 $3,375,000 $375,000
    $2k-3k 3 $1,475,000 $491,667
    $3k-4k 3 $1,205,000 $401,667

    San Diego Funding's average total fees were $14,306, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 74 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 44 $27,040,000 $614,545
    4-5% 33 $26,025,000 $788,636
    5-6% 30 $20,990,000 $699,667
    6-7% 7 $3,645,000 $520,714
    2.5-3% 4 $1,930,000 $482,500
    7-8% 4 $2,850,000 $712,500

    During 2022, San Diego Funding's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 3-4%, with 44 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 49 $37,535,000 $766,020 $16,099 4.84%
    $400k-600k 37 $18,355,000 $496,081 $10,486 4.63%
    $200k-400k 22 $7,000,000 $318,182 $7,211 4.20%
    $1MM+ 14 $19,920,000 $1,422,857 $26,645 4.54%
    $100k-200k 1 $155,000 $155,000 $3,469 3.25%

    2022 saw San Diego Funding place emphasis on $600k-1MM loans with 49 originations, totaling $37,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 43 $31,655,000 $736,163 $15,971 4.62%
    $100k-150k 36 $19,580,000 $543,889 $11,140 4.59%
    $250k+ 21 $22,165,000 $1,055,476 $18,284 4.70%
    $75k-100k 19 $8,155,000 $429,211 $11,062 4.69%
    $50k-75k 4 $1,410,000 $352,500 $6,559 4.06%

    San Diego Funding lent most frequently to those with incomes in the $150k-250k range, with 43 originations. The second most popular income band? $100k-150k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 17 $12,075,000 $710,294 $12,862 4.29%
    48% 12 $7,190,000 $599,167 $18,640 4.81%
    49% 9 $4,905,000 $545,000 $12,025 5.32%
    39% 8 $7,350,000 $918,750 $14,714 4.03%
    47% 8 $4,030,000 $503,750 $8,837 4.06%
    20-30% 8 $3,750,000 $468,750 $7,101 4.20%
    46% 7 $4,775,000 $682,143 $16,636 4.54%
    50-60% 6 $4,530,000 $755,000 $34,425 4.81%
    36% 6 $3,670,000 $611,667 $13,678 4.81%
    37% 6 $4,160,000 $693,333 $13,858 5.21%
    42% 6 $3,870,000 $645,000 $7,457 3.96%
    44% 6 $3,970,000 $661,667 $9,838 4.94%
    45% 6 $2,920,000 $486,667 $9,925 4.81%
    40% 5 $2,435,000 $487,000 $7,538 4.35%
    38% 4 $4,540,000 $1,135,000 $19,467 5.37%
    43% 3 $3,165,000 $1,055,000 $23,683 4.46%
    41% 3 $1,865,000 $621,667 $15,709 5.58%
    <20% 2 $3,280,000 $1,640,000 $11,928 5.06%

    San Diego Funding lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 48%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 107 $71,875,000 $671,729 $13,648 4.54%
    Asian 11 $8,605,000 $782,273 $16,232 5.00%
    Black 3 $1,465,000 $488,333 $18,361 4.96%
    Native Hawaiian or Islander 2 $1,020,000 $510,000 $12,042 6.19%

    Approval Rates

    Total approvals of all applications
    99.40%

    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 origination
    64.23%

    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 123 $82,965,000 $674,512

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    123 $82,965,000 $674,512

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $6,230,000 $445,000 $6,518 3.79%
    40-60% 21 $11,505,000 $547,857 $7,839 4.05%
    60-80% 32 $22,180,000 $693,125 $14,319 4.96%
    80-100% 47 $37,415,000 $796,064 $16,478 4.87%
    Over 100% 7 $4,895,000 $699,286 $32,944 4.59%
    Under 20% 1 $255,000 $255,000 $5,509 5.50%