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, Riverside, San Francisco, and San Luis Obispo among others. We have data for 13 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.48% | 11/21/24 |
| 30 Year Conventional Refi | 6.37% | 11/21/24 |
| 30 Year Cash-out Refi | 6.62% | 11/21/24 |
| 30 Year FHA Purchase | 7.06% | 11/21/24 |
| 30 Year VA Purchase | 6.21% | 11/21/24 |
| 15 Year Conventional Purchase | 5.86% | 11/21/24 |
| 15 Year Conventional Refi | 6.67% | 11/21/24 |
| 15 Year Cash-out Refi | 6.67% | 11/21/24 |
| 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
542Origination Dollar Volume (All Markets)
$273,100,000Top 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) | 434 | $222,900,000 | $513,594 | $8,429 | 4.04% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 40 | $23,080,000 | $577,000 | $9,774 | 4.16% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 53 | $19,745,000 | $372,547 | $7,005 | 4.09% |
| Outside of Metro Areas | 3 | $1,605,000 | $535,000 | $0 | 4.56% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,295,000 | $1,295,000 | $33,320 | 3.25% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $4,325 | 4.44% |
| NAPA, CA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $7,722 | 4.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $14,490 | 4.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $5,362 | 3.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $6,029 | 4.75% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $7,106 | 4.38% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,085 | 3.38% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,594 | 3.88% |
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 | 430 | $217,210,000 | $505,140 | $7,391 | 4.11% |
| VA | 68 | $36,000,000 | $529,412 | $10,947 | 3.77% |
| FHA | 44 | $19,890,000 | $452,045 | $13,949 | 4.01% |
For 2019, San Diego Funding's most frequently originated type of loan was Conventional, with 430 originations. Their 2nd most popular type was VA, with 68 originations.
Loan Reason
For 2019, San Diego Funding's most frequently cited loan purpose was Home Purchase, with 348 originations. The 2nd most popular reason was Refi, with 97 originations.
Loan Duration/Length
For 2019, San Diego Funding's most frequently cited loan duration was 30 Year, with 530 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
San Diego Funding's average total fees were $8,425, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 278 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 292 | $145,960,000 | $499,863 |
| 4-5% | 237 | $120,835,000 | $509,852 |
| 5-6% | 9 | $3,885,000 | $431,667 |
| 2.5-3% | 2 | $890,000 | $445,000 |
During 2019, San Diego Funding's average interest rate for loans was 4.07%, while their most frequently originated rate bucket for loans was 3-4%, with 292 originations.
Loan Sizing
2019 saw San Diego Funding place emphasis on $400k-600k loans with 222 originations, totaling $107,670,000 in origination value.
Applicant Income
San Diego Funding lent most frequently to those with incomes in the $100k-150k range, with 168 originations. The second most popular income band? $150k-250k, with 127 originations.
Applicant Debt to Income Ratio
San Diego Funding lent most frequently to those with DTI ratios of 30-36%, with 80 originations. The next most common DTI ratio? 20-30%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.35%
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 origination67.90%
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 |
|---|---|---|---|
| 6585.0 | 1 | $615,000 | $615,000 |
| NA | 541 | $272,485,000 | $503,669 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $455,000 | $455,000 |
| Single Family (1-4 Units):Site-Built | 541 | $272,645,000 | $503,965 |