Crestline Funding Corporation Mortgage Rates, Fees & Info

Irvine, CA

LEI: 5493001U0HWKEN6OLT59

Tax ID: 33-0633741

5 stars - out of 5 stars, based on 14 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Crestline Funding Corporation is a smaller mortgage company specializing in Home Improvement loans. Crestline Funding Corporation 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 include Los Angeles, Riverside, San Diego, San Francisco, and Santa Maria among others. Crestline Funding Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Crestline Funding Corporation is typically an average fee lendor.


Originations

202

Origination Dollar Volume (All Markets)

$88,620,000

Awards

Crestline Funding Corporation 30 Year Conventional Loans silver Crestline Funding Corporation 30 Year Conventional Loans bronze Crestline Funding Corporation 30 Year Conventional Loans bronze
Show all (3) awards

Relative Rate

Crestline Funding Corporation's average 30 year fixed rate mortgage of loans were 2.98%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.17%.

Relative Fees

Crestline Funding Corporation's average total fees for a 30 year fixed rate mortgage are $3,894.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 102 $49,550,000 $485,784 $3,800 2.92%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 27 $10,505,000 $389,074 $4,009 2.95%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 14 $6,120,000 $437,143 $3,458 2.84%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 13 $5,005,000 $385,000 $3,401 2.94%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $2,825,000 $941,667 $2,953 4.13%
BAKERSFIELD, CA (FHA|USDA|VA) 7 $1,915,000 $273,571 $3,387 3.02%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $1,345,000 $269,000 $3,084 2.90%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $1,270,000 $635,000 $7,924 2.57%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $1,120,000 $280,000 $3,250 2.73%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,050,000 $525,000 $4,456 2.50%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,000,000 $500,000 $3,414 2.87%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $990,000 $495,000 $3,166 2.81%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $750,000 $375,000 $5,965 3.24%
SALINAS, CA (FHA|USDA|VA) 2 $720,000 $360,000 $2,960 2.68%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $680,000 $340,000 $3,399 2.94%
PROVO-OREM, UT (FHA|USDA|VA) 2 $650,000 $325,000 $3,295 2.56%
FRESNO, CA (FHA|USDA|VA) 2 $510,000 $255,000 $2,974 2.69%
Bozeman, MT (FHA|USDA|VA) 1 $485,000 $485,000 $3,775 3.12%
VISALIA, CA (FHA|USDA|VA) 1 $335,000 $335,000 $8,957 2.75%
CHICO, CA (FHA|USDA|VA) 1 $315,000 $315,000 $3,494 2.88%
MODESTO, CA (FHA|USDA|VA) 1 $305,000 $305,000 $3,598 3.00%
Ukiah, CA (FHA|USDA|VA) 1 $295,000 $295,000 $3,537 3.13%
FORT COLLINS, CO (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.43%
Coos Bay, OR (FHA|USDA|VA) 1 $225,000 $225,000 $4,673 3.00%
STOCKTON, CA (FHA|USDA|VA) 1 $225,000 $225,000 $3,478 3.38%
VALLEJO, CA (FHA|USDA|VA) 1 $205,000 $205,000 $3,270 3.00%

Crestline Funding Corporation's top markets include Los Angeles, Riverside, San Diego, San Francisco, and Santa Maria among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 201 $88,415,000 $439,876 $3,763 2.94%
FHA 1 $205,000 $205,000 $0 2.02%

For the 2021 period, Crestline Funding Corporation's most frequently originated loan type of loans were Conventional, with 201 originations. Their 2nd most popular type is FHA, with 1 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 106 $44,200,000 $416,981 $3,481 2.93%
Cash Out Refi 39 $14,675,000 $376,282 $3,392 2.90%
Refi 36 $15,770,000 $438,056 $3,549 2.96%
Home Purchase 21 $13,975,000 $665,476 $6,119 2.95%

For the 2021, Crestline Funding Corporation's most frequently cited loan purpose of loans were Home Improvement, with 106 originations. The 2nd most popular reason of loans were Cash Out Refi, with 39 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 156 $70,230,000 $450,192 $3,894 2.98%
15 Year 24 $8,250,000 $343,750 $3,182 2.58%
Other 13 $7,125,000 $548,077 $3,334 3.02%
20 Year 9 $3,015,000 $335,000 $3,216 2.86%

For the 2021, Crestline Funding Corporation's most frequently cited loan length of loans were 30 Year, with 156 originations. The 2nd most popular length of loans were 15 Year, with 24 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 161 $68,745,000 $426,988
$2k-3k 13 $5,365,000 $412,692
$<1k 7 $3,325,000 $475,000
$3k-4k 6 $2,450,000 $408,333
$5k+ 6 $3,240,000 $540,000

$3,894 of loans were Crestline Funding Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 161 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 113 $46,705,000 $413,319
3-4% 59 $28,955,000 $490,763
<2.5% 29 $10,605,000 $365,690
6-7% 1 $2,355,000 $2,355,000

During 2021, Crestline Funding Corporation's average interest rate of loans were 2.98%, while their most frequently originated rate bucket of loans were 2.5-3%, with 113 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 92 $27,720,000 $301,304 $3,454 2.84%
$400k-600k 71 $34,485,000 $485,704 $3,557 2.86%
$600k-1MM 19 $14,355,000 $755,526 $4,881 3.22%
$100k-200k 14 $2,160,000 $154,286 $3,209 3.15%
$1MM+ 6 $9,900,000 $1,650,000 $9,269 3.77%

2021 saw Crestline Funding Corporation place emphasis on $200k-400k loans with 92 originations, totaling $27,720,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 50 $22,200,000 $444,000 $3,807 2.96%
$150k-250k 44 $22,530,000 $512,045 $3,751 2.99%
$75k-100k 41 $15,155,000 $369,634 $3,499 2.90%
$250k+ 27 $17,225,000 $637,963 $4,721 2.96%
$50k-75k 27 $7,785,000 $288,333 $3,217 2.87%
$50k or less 13 $3,725,000 $286,538 $3,330 2.78%

Crestline Funding Corporation lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $150k-250k, with 44 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 39 $15,445,000 $396,026 $3,433 2.80%
30-36% 32 $14,370,000 $449,063 $3,819 2.89%
<20% 18 $6,930,000 $385,000 $3,976 2.96%
44% 13 $6,395,000 $491,923 $3,475 3.06%
41% 12 $6,950,000 $579,167 $3,797 3.01%
39% 9 $4,445,000 $493,889 $5,142 3.18%
38% 8 $2,920,000 $365,000 $3,548 2.92%
42% 7 $2,705,000 $386,429 $3,239 2.88%
37% 7 $2,525,000 $360,714 $3,254 2.84%
43% 7 $2,585,000 $369,286 $2,986 2.95%
45% 7 $2,895,000 $413,571 $5,384 2.94%
49% 7 $3,095,000 $442,143 $3,348 2.98%
40% 6 $2,510,000 $418,333 $5,404 2.94%
36% 6 $2,460,000 $410,000 $3,100 2.88%
48% 5 $2,775,000 $555,000 $3,489 3.10%
47% 4 $1,720,000 $430,000 $3,694 3.06%
50-60% 3 $1,525,000 $508,333 $4,306 3.29%
46% 3 $745,000 $248,333 $3,169 2.89%
>60% 1 $355,000 $355,000 $3,140 2.75%

Crestline Funding Corporation lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 32 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 151 $66,885,000 $442,947 $3,777 2.93%
Asian 25 $11,895,000 $475,800 $3,767 2.93%
Not provided 15 $5,555,000 $370,333 $3,916 2.86%
Black 8 $3,240,000 $405,000 $3,466 3.04%
Native Hawaiian 2 $850,000 $425,000 $3,218 2.63%
American Indian 1 $195,000 $195,000 $2,767 3.25%

Approval Rates

Total approvals of all applications
96.42%

Crestline Funding Corporation 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
28.82%

Crestline Funding Corporation 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 202 $88,620,000 $438,713

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
202 $88,620,000 $438,713

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 37 $11,825,000 $319,595 $3,725 2.81%
40-60% 89 $38,585,000 $433,539 $3,322 2.91%
60-80% 51 $25,055,000 $491,275 $4,225 2.99%
80-100% 12 $7,130,000 $594,167 $5,356 3.03%
Under 20% 7 $1,425,000 $203,571 $3,341 2.97%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Christensen Financial, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%