Mortgage Vintage Rates, Fees & Info

Newport Beach, CA

LEI: 5493007QQN71GJLL1I68

Tax ID: 27-0435001

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

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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.

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

45

Origination Dollar Volume (All Markets)

$16,875,000

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
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%
Mortgage Vintage's top markets include Los Angeles, Riverside, Orlando, Eureka, and Oxnard among others.

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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 18 $2,620,000 $145,556 $0 14.26%
    $200k-400k 10 $2,750,000 $275,000 $0 11.99%
    $100,000 or less 5 $375,000 $75,000 $0 15.85%
    $400k-600k 5 $2,375,000 $475,000 $0 12.30%
    $1MM+ 4 $6,440,000 $1,610,000 $0 13.43%
    $600k-1MM 3 $2,315,000 $771,667 $0 13.58%

    2023 saw Mortgage Vintage place emphasis on $100k-200k loans with 18 originations, totaling $2,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 21 $8,025,000 $382,143 $0 13.40%
    $250k+ 4 $1,770,000 $442,500 $0 14.12%
    $75k-100k 3 $495,000 $165,000 $0 12.24%
    $100k-150k 1 $115,000 $115,000 $0 17.99%
    $150k-250k 1 $115,000 $115,000 $0 13.99%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 21 $8,025,000 $382,143 $0 13.40%
    30-36% 2 $1,340,000 $670,000 $0 15.99%
    >60% 2 $270,000 $135,000 $0 13.99%
    36% 1 $115,000 $115,000 $0 13.99%
    40% 1 $255,000 $255,000 $0 12.50%
    50-60% 1 $175,000 $175,000 $0 12.00%

    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 applications
    85.25%

    Mortgage Vintage has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.44%

    Mortgage Vintage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 45 $16,875,000 $375,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    45 $16,875,000 $375,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $2,425,000 $346,429 $0 13.39%
    40-60% 13 $8,215,000 $631,923 $0 13.07%
    60-80% 3 $1,295,000 $431,667 $0 12.33%
    Under 20% 22 $4,940,000 $224,545 $0 14.14%