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. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, San Diego, Riverside, San Jose, and Santa Maria among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Mortgage Vintage has an above average approval rate when compared to the average across all lenders.
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Originations
52Origination Dollar Volume (All Markets)
$34,060,000Top 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 | $20,910,000 | $804,231 | $0 | 13.24% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $5,470,000 | $911,667 | $0 | 13.87% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 12 | $4,740,000 | $395,000 | $0 | 13.68% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $0 | 11.50% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 12.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 13.99% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 15.25% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 15.25% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 50 | $33,160,000 | $663,200 | $0 | 13.47% |
| USDA | 2 | $900,000 | $450,000 | $0 | 14.37% |
For 2024, Mortgage Vintage's most frequently originated type of loan was Conventional, with 50 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 46 | $29,870,000 | $649,348 | $0 | 13.55% |
| Home Purchase | 4 | $3,660,000 | $915,000 | $0 | 11.87% |
| Refi | 2 | $530,000 | $265,000 | $0 | 15.63% |
For 2024, Mortgage Vintage's most frequently cited loan purpose was Cash Out Refi, with 46 originations. The 2nd most popular reason was Home Purchase, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $26,410,000 | $628,810 | $0 | 13.63% |
| 3 Year | 7 | $3,885,000 | $555,000 | $0 | 12.49% |
| 1 Year | 3 | $3,765,000 | $1,255,000 | $0 | 14.17% |
For 2024, Mortgage Vintage's most frequently cited loan duration was Other, with 42 originations. The 2nd most popular length was 3 Year, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 52 | $34,060,000 | $655,000 |
During 2024, Mortgage Vintage's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 52 originations.
Loan Sizing
2024 saw Mortgage Vintage place emphasis on $200k-400k loans with 15 originations, totaling $4,635,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 2 | $4,310,000 | $2,155,000 | $0 | 12.49% |
| $50k or less | 2 | $1,090,000 | $545,000 | $0 | 12.50% |
Mortgage Vintage lent most frequently to those with incomes in the $250k+ range, with 2 originations. The second most popular income band? $50k or less, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 3 | $1,395,000 | $465,000 | $0 | 13.00% |
| 44% | 1 | $4,005,000 | $4,005,000 | $0 | 10.99% |
Mortgage Vintage lent most frequently to those with DTI ratios of <20%, with 3 originations. The next most common DTI ratio? 44%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Mortgage Vintage 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 | 52 | $34,060,000 | $655,000 |