Mortgage Vintage Rates, Fees & Info
Newport Beach, CALEI: 5493007QQN71GJLL1I68
Tax ID: 27-0435001
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Mortgage Data
Review & Overview
Mortgage Vintage is a smaller mortgage company specializing in Cash Out Refi loans. Mortgage Vintage has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Orlando, Eureka, and Oxnard among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgage Vintage has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
45Origination Dollar Volume (All Markets)
$16,875,000Top 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) | 26 | $8,790,000 | $338,077 | $0 | 13.12% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 9 | $4,105,000 | $456,111 | $0 | 13.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 16.99% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $935,000 | $935,000 | $0 | 15.25% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 12.99% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 12.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 14.50% |
| CHICO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 11.99% |
| Outside of Metro Areas | 2 | $180,000 | $90,000 | $0 | 15.49% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 15.99% |
| REDDING, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 13.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $16,875,000 | $375,000 | $0 | 13.60% |
For 2023, Mortgage Vintage's most frequently originated type of loan was Conventional, with 45 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 37 | $13,325,000 | $360,135 | $0 | 13.82% |
| Home Purchase | 5 | $2,795,000 | $559,000 | $0 | 12.20% |
| Refi | 3 | $755,000 | $251,667 | $0 | 13.16% |
For 2023, Mortgage Vintage's most frequently cited loan purpose was Cash Out Refi, with 37 originations. The 2nd most popular reason was Home Purchase, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 35 | $13,265,000 | $379,000 | $0 | 13.74% |
| 3 Year | 6 | $1,600,000 | $266,667 | $0 | 13.16% |
| 1 Year | 4 | $2,010,000 | $502,500 | $0 | 13.00% |
For 2023, Mortgage Vintage's most frequently cited loan duration was Other, with 35 originations. The 2nd most popular length was 3 Year, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 45 | $16,875,000 | $375,000 |
During 2023, Mortgage Vintage's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 45 originations.
Loan Sizing
2023 saw Mortgage Vintage place emphasis on $100k-200k loans with 18 originations, totaling $2,620,000 in origination value.
Applicant Income
Mortgage Vintage lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $250k+, with 4 originations.
Applicant Debt to Income Ratio
Mortgage Vintage lent most frequently to those with DTI ratios of <20%, with 21 originations. The next most common DTI ratio? 30-36%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 43 | $15,555,000 | $361,744 | $0 | 13.55% |
| White | 2 | $1,320,000 | $660,000 | $0 | 14.50% |
Approval Rates
Total approvals of all applications85.25%
Mortgage Vintage has an average approval rate.
Pick Rate
Approvals leading to origination84.44%
Mortgage Vintage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 45 | $16,875,000 | $375,000 |