212 Loans Of California Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 254900ZAMAXWLAJ7AA55

Tax ID: 32-0493756

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 markets by origination volume include: San Diego, Riverside, Los Angeles, and Oxnard among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    212 Loans Of California has an above average approval rate when compared to the average across all lenders.

    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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    Originations

    16

    Origination Dollar Volume (All Markets)

    $7,630,000

    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) 7 $3,835,000 $547,857 $0 8.36%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $2,300,000 $383,333 $0 9.16%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $960,000 $480,000 $0 9.00%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $535,000 $535,000 $0 9.00%
    212 Loans Of California's top markets include San Diego, Riverside, Los Angeles, and Oxnard among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 16 $7,630,000 $476,875 $0 8.78%

    For 2021, 212 Loans Of California's most frequently originated type of loan was Conventional, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 16 $7,630,000 $476,875 $0 8.78%

    For 2021, 212 Loans Of California's most frequently cited loan purpose was Home Purchase, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 15 $7,075,000 $471,667 $0 8.80%
    Other 1 $555,000 $555,000 $0 8.50%

    For 2021, 212 Loans Of California's most frequently cited loan duration was 1 Year, with 15 originations. The 2nd most popular length was Other, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 14 $6,100,000 $435,714
    7-8% 2 $1,530,000 $765,000

    During 2021, 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 14 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 9 $4,475,000 $497,222 $0 8.72%
    $200k-400k 4 $1,360,000 $340,000 $0 9.25%
    $600k-1MM 2 $1,650,000 $825,000 $0 8.25%
    $100k-200k 1 $145,000 $145,000 $0 8.50%

    2021 saw 212 Loans Of California place emphasis on $400k-600k loans with 9 originations, totaling $4,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 2 $1,010,000 $505,000 $0 8.50%
    $100k-150k 1 $435,000 $435,000 $0 8.50%
    $250k+ 1 $145,000 $145,000 $0 8.50%
    $50k-75k 1 $365,000 $365,000 $0 9.00%

    212 Loans Of California lent most frequently to those with incomes in the $150k-250k range, with 2 originations. The second most popular income band? $100k-150k, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 11 $5,675,000 $515,909 $0 8.86%
    White 3 $1,365,000 $455,000 $0 8.50%
    Not provided 1 $445,000 $445,000 $0 9.00%
    Asian Indian 1 $145,000 $145,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 16 $7,630,000 $476,875

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    16 $7,630,000 $476,875

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Loan Cabin Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 83.3%
    Loan Cabin Inc. Conventional home mortgage Closing on a mortgage 1 16.7%