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, Refi, and Cash Out Refi 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, Riverside, Sacramento, and San Francisco among others. We have data for 14 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 an average 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% | 4/18/24 |
| 30 Year Conventional Refi | 6.37% | 4/18/24 |
| 30 Year Cash-out Refi | 6.62% | 4/18/24 |
| 30 Year FHA Purchase | 7.06% | 4/18/24 |
| 30 Year VA Purchase | 6.21% | 4/18/24 |
| 15 Year Conventional Purchase | 5.86% | 4/18/24 |
| 15 Year Conventional Refi | 6.67% | 4/18/24 |
| 15 Year Cash-out Refi | 6.67% | 4/18/24 |
| 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
489Origination Dollar Volume (All Markets)
$267,355,000Awards
San Diego Funding - 2021
San Diego Funding is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 398 | $218,090,000 | $547,965 | $7,521 | 2.91% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 39 | $23,745,000 | $608,846 | $8,460 | 2.99% |
| Outside of Metro Areas | 21 | $11,535,000 | $549,286 | $3,395 | 2.31% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 19 | $8,045,000 | $423,421 | $6,298 | 2.86% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $4,774 | 2.87% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $4,160 | 2.50% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $3,911 | 2.88% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $13,831 | 3.50% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $5,303 | 3.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,354 | 2.88% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,275 | 2.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,009 | 3.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,064 | 3.13% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,140 | 2.63% |
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 | 413 | $225,005,000 | $544,806 | $6,988 | 2.97% |
| VA | 64 | $36,180,000 | $565,313 | $9,156 | 2.55% |
| FHA | 12 | $6,170,000 | $514,167 | $15,539 | 2.78% |
For 2021, San Diego Funding's most frequently originated type of loan was Conventional, with 413 originations. Their 2nd most popular type was VA, with 64 originations.
Loan Reason
For 2021, San Diego Funding's most frequently cited loan purpose was Home Purchase, with 195 originations. The 2nd most popular reason was Refi, with 158 originations.
Loan Duration/Length
For 2021, San Diego Funding's most frequently cited loan duration was 30 Year, with 436 originations. The 2nd most popular length was Other, with 27 originations.
Origination Fees/Closing Costs
San Diego Funding's average total fees were $7,582, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 317 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 222 | $122,000,000 | $549,550 |
| 3-4% | 154 | $89,350,000 | $580,195 |
| <2.5% | 87 | $40,765,000 | $468,563 |
During 2021, San Diego Funding's average interest rate for loans was 2.93%, while their most frequently originated rate bucket for loans was 2.5-3%, with 222 originations.
Loan Sizing
2021 saw San Diego Funding place emphasis on $400k-600k loans with 180 originations, totaling $90,360,000 in origination value.
Applicant Income
San Diego Funding lent most frequently to those with incomes in the $100k-150k range, with 147 originations. The second most popular income band? $150k-250k, with 138 originations.
Applicant Debt to Income Ratio
San Diego Funding lent most frequently to those with DTI ratios of 20-30%, with 75 originations. The next most common DTI ratio? 30-36%, with 61 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.50%
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 origination78.12%
San Diego Funding has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 489 | $267,355,000 | $546,738 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SANDY SPRING BANCORP, INC. | FHA mortgage | Closing on a mortgage | 1 | 20.0% |
| SANDY SPRING BANCORP, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| SANDY SPRING BANCORP, INC. | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 20.0% |
| SANDY SPRING BANCORP, INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| SANDY SPRING BANCORP, INC. | Other type of mortgage | Closing on a mortgage | 1 | 20.0% |