Campos Financial Corp. Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 54930035U7Q80J7HTS79

Tax ID: 45-5147913

1 stars - out of 5 stars, based on 26 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Campos Financial Corp. is a smaller mortgage company specializing in Home Purchase and Refi loans. Campos Financial Corp. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, Bakersfield, Seattle, and Oxnard among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Campos Financial Corp. has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Campos Financial Corp. 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.81% 10/3/22
    30 Year Conventional Refi 6.58% 10/3/22
    30 Year Cash-out Refi 6.80% 10/3/22
    30 Year FHA Purchase 7.51% 10/3/22
    30 Year FHA Refi 6.96% 10/3/22
    30 Year VA Purchase 6.53% 10/3/22
    30 Year VA Refi 6.30% 10/3/22
    15 Year Conventional Refi 6.54% 10/3/22
    15 Year Cash-out Refi 6.54% 10/3/22
    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.


    Originations

    700

    Origination Dollar Volume (All Markets)

    $277,410,000

    Relative Rate

    Campos Financial Corp.'s average 30 year fixed mortgage rate was 3.21%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.06%.

    Relative Fees (Closing Costs)

    Campos Financial Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $9,575.

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

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 536 $219,950,000 $410,354 $9,499 3.20%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 52 $19,060,000 $366,538 $9,087 3.11%
    BAKERSFIELD, CA (FHA|USDA|VA) 49 $12,325,000 $251,531 $7,950 3.17%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 22 $8,690,000 $395,000 $8,639 3.19%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 17 $8,615,000 $506,765 $9,613 3.42%
    REDDING, CA (FHA|USDA|VA) 7 $2,785,000 $397,857 $10,198 3.45%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $980,000 $490,000 $20,520 2.94%
    STOCKTON, CA (FHA|USDA|VA) 2 $960,000 $480,000 $18,326 3.00%
    Outside of Metro Areas 2 $840,000 $420,000 $12,365 3.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $695,000 $695,000 $28,183 3.25%
    SALINAS, CA (FHA|USDA|VA) 2 $540,000 $270,000 $6,297 3.25%
    YAKIMA, WA (FHA|USDA|VA) 1 $345,000 $345,000 $3,059 3.75%
    MODESTO, CA (FHA|USDA|VA) 1 $275,000 $275,000 $9,080 3.00%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $265,000 $265,000 $4,108 2.88%
    FRESNO, CA (FHA|USDA|VA) 1 $235,000 $235,000 $7,979 2.88%
    Clearlake, CA (FHA|USDA|VA) 1 $235,000 $235,000 $9,891 3.25%
    MERCED, CA (FHA|USDA|VA) 1 $225,000 $225,000 $8,280 3.00%
    CHICO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $4,281 3.50%
    VISALIA, CA (FHA|USDA|VA) 1 $175,000 $175,000 $5,961 3.13%

    Campos Financial Corp.'s top markets include Los Angeles, Riverside, Bakersfield, Seattle, and Oxnard among others.

    Similar Lenders

    We use machine learning to identify the top lenders compared against CAMPOS FINANCIAL CORP. 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 505 $193,635,000 $383,436 $7,183 3.25%
    FHA 185 $79,655,000 $430,568 $15,390 3.07%
    VA 10 $4,120,000 $412,000 $9,952 2.96%

    For 2021, Campos Financial Corp.'s most frequently originated type of loan was Conventional, with 505 originations. Their 2nd most popular type was FHA, with 185 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 356 $157,420,000 $442,191 $11,786 3.19%
    Refi 191 $65,685,000 $343,901 $6,127 3.10%
    Cash Out Refi 153 $54,305,000 $354,935 $7,897 3.33%

    For 2021, Campos Financial Corp.'s most frequently cited loan purpose was Home Purchase, with 356 originations. The 2nd most popular reason was Refi, with 191 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 667 $268,425,000 $402,436 $9,575 3.21%
    15 Year 16 $3,890,000 $243,125 $5,056 2.73%
    20 Year 10 $2,900,000 $290,000 $6,006 2.99%
    Other 5 $1,885,000 $377,000 $6,486 3.05%
    10 Year 2 $310,000 $155,000 $7,052 2.75%

    For 2021, Campos Financial Corp.'s most frequently cited loan duration was 30 Year, with 667 originations. The 2nd most popular length was 15 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 202 $89,470,000 $442,921
    $2k-3k 184 $70,950,000 $385,598
    $1k-2k 178 $64,610,000 $362,978
    $3k-4k 74 $29,900,000 $404,054
    $4k-5k 58 $21,040,000 $362,759
    $<1k 4 $1,440,000 $360,000

    Campos Financial Corp.'s average total fees were $9,575, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 202 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 448 $184,010,000 $410,737
    2.5-3% 232 $85,510,000 $368,578
    4-5% 11 $4,635,000 $421,364
    <2.5% 9 $3,255,000 $361,667

    During 2021, Campos Financial Corp.'s average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 3-4%, with 448 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 316 $97,570,000 $308,766 $7,776 3.16%
    $400k-600k 249 $120,195,000 $482,711 $10,504 3.22%
    $600k-1MM 70 $49,590,000 $708,429 $16,525 3.28%
    $100k-200k 62 $9,790,000 $157,903 $5,360 3.18%
    $100,000 or less 3 $265,000 $88,333 $4,144 3.17%

    2021 saw Campos Financial Corp. place emphasis on $200k-400k loans with 316 originations, totaling $97,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 191 $76,305,000 $399,503 $9,965 3.17%
    $50k-75k 171 $55,685,000 $325,643 $8,441 3.15%
    $100k-150k 157 $77,995,000 $496,783 $11,380 3.22%
    $50k or less 82 $17,480,000 $213,171 $6,539 3.13%
    $150k-250k 74 $36,430,000 $492,297 $9,142 3.33%
    $250k+ 23 $13,005,000 $565,435 $9,562 3.35%

    Campos Financial Corp. lent most frequently to those with incomes in the $75k-100k range, with 191 originations. The second most popular income band? $50k-75k, with 171 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 86 $39,960,000 $464,651 $16,291 3.06%
    30-36% 79 $30,275,000 $383,228 $6,955 3.19%
    49% 62 $26,530,000 $427,903 $10,209 3.20%
    44% 53 $20,375,000 $384,434 $7,413 3.24%
    20-30% 51 $18,055,000 $354,020 $7,263 3.19%
    43% 45 $19,525,000 $433,889 $9,120 3.19%
    48% 44 $16,160,000 $367,273 $9,026 3.14%
    46% 37 $13,875,000 $375,000 $8,143 3.25%
    47% 37 $13,185,000 $356,351 $10,151 3.16%
    42% 35 $13,035,000 $372,429 $7,364 3.31%
    45% 34 $13,670,000 $402,059 $10,797 3.14%
    41% 27 $10,695,000 $396,111 $7,807 3.36%
    38% 26 $9,770,000 $375,769 $7,800 3.22%
    37% 19 $7,685,000 $404,474 $7,652 3.14%
    40% 18 $6,880,000 $382,222 $8,183 3.22%
    39% 18 $6,730,000 $373,889 $8,406 3.29%
    36% 17 $6,565,000 $386,176 $9,119 3.40%
    <20% 11 $4,185,000 $380,455 $9,414 3.18%
    >60% 1 $255,000 $255,000 $2,029 3.25%

    Campos Financial Corp. lent most frequently to those with DTI ratios of 50-60%, with 86 originations. The next most common DTI ratio? 30-36%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 627 $245,555,000 $391,635 $9,198 3.20%
    Black 31 $13,655,000 $440,484 $14,061 3.09%
    Asian 23 $11,115,000 $483,261 $8,972 3.19%
    Not provided 18 $6,680,000 $371,111 $8,347 3.24%
    Native Hawaiian or Islander 1 $405,000 $405,000 $14,477 4.00%

    Approval Rates

    Total approvals of all applications
    95.74%

    Campos Financial Corp. 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
    94.14%

    Campos Financial Corp. has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 700 $277,410,000 $396,300

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    700 $277,410,000 $396,300

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $9,775,000 $227,326 $5,117 3.05%
    40-60% 113 $34,705,000 $307,124 $5,874 3.14%
    60-80% 235 $98,095,000 $417,426 $8,327 3.30%
    80-100% 303 $132,815,000 $438,333 $12,064 3.16%
    Over 100% 3 $1,645,000 $548,333 $19,605 3.13%
    Under 20% 3 $375,000 $125,000 $6,427 3.13%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    COMPASS MORTGAGE, INC. Conventional home mortgage Closing on a mortgage 1 100.0%