212 Loans Of California Mortgage Rates, Fees & Info
Los Angeles, CALEI: 254900ZAMAXWLAJ7AA55
Tax ID: 32-0493756
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Mortgage Data
Review & Overview
212 Loans Of California is a smaller mortgage company specializing in Home Purchase loans. 212 Loans Of California has a high proportion of conventional loans. Their top two markets are Los Angeles and Riverside .212 Loans Of California has an above average approval rate when compared to the average across all lenders.
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Originations
3Origination Dollar Volume (All Markets)
$1,675,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $0 | 10.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 11.99% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 3 | $1,675,000 | $558,333 | $0 | 11.16% |
For 2023, 212 Loans Of California's most frequently originated type of loan was Conventional, with 3 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 3 | $1,675,000 | $558,333 | $0 | 11.16% |
For 2023, 212 Loans Of California's most frequently cited loan purpose was Home Purchase, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 3 | $1,675,000 | $558,333 | $0 | 11.16% |
For 2023, 212 Loans Of California's most frequently cited loan duration was 1 Year, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 3 | $1,675,000 | $558,333 |
During 2023, 212 Loans Of California's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 3 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $400k-600k | 2 | $1,060,000 | $530,000 | $0 | 11.49% |
| $600k-1MM | 1 | $615,000 | $615,000 | $0 | 10.50% |
2023 saw 212 Loans Of California place emphasis on $400k-600k loans with 2 originations, totaling $1,060,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 1 | $525,000 | $525,000 | $0 | 11.99% |
212 Loans Of California lent most frequently to those with incomes in the $50k or less range, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 2 | $1,150,000 | $575,000 | $0 | 10.75% |
| White | 1 | $525,000 | $525,000 | $0 | 11.99% |
Approval Rates
Total approvals of all applications100.00%
212 Loans Of California has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3 | $1,675,000 | $558,333 |