Cambria Financial Group Mortgage Rates, Fees & Info

Belle Plaine, MN

LEI: 5493008SV4X2EID9J711

Tax ID: 26-2926983

5 stars - Updated: 12/9/24 - out of 5 stars, based on 19 reviews

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

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Mortgage Data

Review & Overview

Cambria Financial Group is a smaller mortgage company specializing in Home Purchase loans. Cambria Financial Group has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Minneapolis, Mankato, Owatonna, Dallas, and Rochester among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cambria Financial Group has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cambria Financial Group is typically an average 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.79% 12/9/24
30 Year Conventional Refi 6.64% 12/9/24
30 Year Cash-out Refi 6.80% 12/9/24
30 Year FHA Purchase 7.50% 12/9/24
30 Year FHA Refi 7.00% 12/9/24
30 Year VA Purchase 6.10% 12/9/24
15 Year Conventional Purchase 6.12% 12/9/24
15 Year Conventional Refi 6.39% 12/9/24
15 Year Cash-out Refi 6.39% 12/9/24
15 Year FHA Refi 5.68% 12/9/24
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.

Cambria Financial Group Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Cambria Financial Group. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

356

Origination Dollar Volume (All Markets)

$112,190,000

Relative Rate

Cambria Financial Group's average 30 year fixed mortgage rate was 6.82%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.34%.

Relative Fees (Closing Costs)

Cambria Financial Group's average total fees/closing costs for a 30 year fixed rate mortgage were $7,897.

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 $9,089.

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 263 $88,335,000 $335,875 $8,114 6.80%
MANKATO, MN (FHA|USDA|VA) 15 $3,895,000 $259,667 $7,072 6.69%
Outside of Metro Areas 17 $3,665,000 $215,588 $7,993 7.03%
Owatonna, MN (FHA|USDA|VA) 16 $3,510,000 $219,375 $8,268 7.15%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $1,765,000 $588,333 $6,910 5.58%
ROCHESTER, MN (FHA|USDA|VA) 6 $1,680,000 $280,000 $7,161 6.87%
Faribault-Northfield, MN (FHA|USDA|VA) 3 $985,000 $328,333 $6,603 6.66%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $630,000 $315,000 $5,892 6.13%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $620,000 $310,000 $8,100 6.25%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $595,000 $595,000 $6,549 6.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $585,000 $585,000 $7,005 6.50%
Grand Rapids, MN (FHA|USDA|VA) 3 $585,000 $195,000 $5,307 7.16%
ST. CLOUD, MN (FHA|USDA|VA) 3 $565,000 $188,333 $7,339 6.66%
MADISON, WI (FHA|USDA|VA) 2 $520,000 $260,000 $8,380 6.87%
TYLER, TX (FHA|USDA|VA) 1 $515,000 $515,000 $6,089 4.99%
FORT COLLINS, CO (FHA|USDA|VA) 1 $445,000 $445,000 $2,754 7.25%
Whitewater, WI (FHA|USDA|VA) 1 $415,000 $415,000 $11,439 7.13%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $395,000 $395,000 $6,624 5.88%
DULUTH, MN-WI (FHA|USDA|VA) 2 $390,000 $195,000 $5,906 7.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $380,000 $190,000 $8,000 7.00%
Hutchinson, MN (FHA|USDA|VA) 2 $340,000 $170,000 $6,142 6.63%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $285,000 $285,000 $5,207 7.13%
Brookings, SD (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.45%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $235,000 $235,000 $6,675 6.63%
Albert Lea, MN (FHA|USDA|VA) 2 $180,000 $90,000 $4,295 7.13%
Brainerd, MN (FHA|USDA|VA) 1 $165,000 $165,000 $6,687 7.50%
New Ulm, MN (FHA|USDA|VA) 1 $145,000 $145,000 $4,816 7.25%
Fairmont, MN (FHA|USDA|VA) 1 $75,000 $75,000 $3,900 6.38%
Austin, MN (FHA|USDA|VA) 1 $45,000 $45,000 $3,182 7.50%
Cambria Financial Group's top markets include Minneapolis, Mankato, Owatonna, Dallas, and Rochester among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
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    We use machine learning to identify the top lenders compared against Cambria Financial Group 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 255 $82,815,000 $324,765 $6,530 6.82%
    FHA 71 $19,185,000 $270,211 $11,690 6.88%
    VA 19 $6,475,000 $340,789 $11,608 6.31%
    HELOC 9 $3,245,000 $360,556 n/a 7.08%
    HELOC 1 $175,000 $175,000 n/a 7.00%
    FHA 1 $295,000 $295,000 $0 7.25%

    For 2023, Cambria Financial Group's most frequently originated type of loan was Conventional, with 255 originations. Their 2nd most popular type was FHA, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 334 $106,190,000 $317,934 $7,936 6.79%
    Cash Out Refi 8 $1,730,000 $216,250 $7,728 7.33%
    Home Improvement 7 $2,585,000 $369,286 $0 7.43%
    Refi 7 $1,685,000 $240,714 $5,022 6.73%

    For 2023, Cambria Financial Group's most frequently cited loan purpose was Home Purchase, with 334 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 339 $105,595,000 $311,490 $7,897 6.82%
    Other 9 $3,245,000 $360,556 $0 7.08%
    15 Year 7 $3,025,000 $432,143 $6,807 6.14%
    20 Year 1 $325,000 $325,000 $6,826 5.88%

    For 2023, Cambria Financial Group's most frequently cited loan duration was 30 Year, with 339 originations. The 2nd most popular length was Other, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 85 $33,415,000 $393,118
    $3k-4k 77 $19,015,000 $246,948
    $4k-5k 75 $22,325,000 $297,667
    $1k-2k 69 $23,885,000 $346,159
    $2k-3k 39 $9,835,000 $252,179

    Cambria Financial Group's average total fees were $7,897, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 85 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 182 $58,150,000 $319,505
    7-8% 124 $36,230,000 $292,177
    5-6% 43 $15,375,000 $357,558
    Over 8% 4 $1,040,000 $260,000
    4-5% 3 $1,395,000 $465,000

    During 2023, Cambria Financial Group's average interest rate for loans was 6.82%, while their most frequently originated rate bucket for loans was 6-7%, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 202 $58,620,000 $290,198 $8,069 6.84%
    $400k-600k 68 $33,490,000 $492,500 $9,195 6.64%
    $100k-200k 67 $10,575,000 $157,836 $6,001 6.92%
    $600k-1MM 13 $9,135,000 $702,692 $9,813 6.54%
    $100,000 or less 6 $370,000 $61,667 $3,323 7.33%

    2023 saw Cambria Financial Group place emphasis on $200k-400k loans with 202 originations, totaling $58,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 91 $31,645,000 $347,747 $8,310 6.78%
    $50k-75k 74 $15,480,000 $209,189 $7,256 6.82%
    $75k-100k 73 $19,535,000 $267,603 $8,284 6.86%
    $150k-250k 64 $28,840,000 $450,625 $8,523 6.76%
    $50k or less 32 $6,310,000 $197,188 $5,164 6.99%
    $250k+ 22 $10,380,000 $471,818 $7,690 6.67%

    Cambria Financial Group lent most frequently to those with incomes in the $100k-150k range, with 91 originations. The second most popular income band? $50k-75k, with 74 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 57 $19,355,000 $339,561 $6,988 6.70%
    20-30% 43 $13,075,000 $304,070 $7,010 6.76%
    49% 24 $7,380,000 $307,500 $7,449 7.14%
    44% 20 $6,190,000 $309,500 $8,708 6.94%
    48% 19 $6,065,000 $319,211 $8,647 6.94%
    38% 17 $5,665,000 $333,235 $6,587 6.65%
    45% 17 $6,305,000 $370,882 $8,820 6.50%
    39% 16 $5,180,000 $323,750 $8,449 6.82%
    36% 16 $5,100,000 $318,750 $8,024 6.53%
    37% 16 $5,150,000 $321,875 $8,683 7.02%
    41% 15 $4,555,000 $303,667 $8,927 6.72%
    50-60% 15 $3,475,000 $231,667 $10,622 6.97%
    46% 15 $4,655,000 $310,333 $7,498 7.06%
    42% 14 $4,410,000 $315,000 $7,208 7.01%
    43% 14 $4,250,000 $303,571 $8,375 6.87%
    40% 13 $3,575,000 $275,000 $7,739 6.68%
    47% 9 $2,755,000 $306,111 $9,393 6.85%
    <20% 7 $1,805,000 $257,857 $5,916 6.23%

    Cambria Financial Group lent most frequently to those with DTI ratios of 30-36%, with 57 originations. The next most common DTI ratio? 20-30%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 275 $85,965,000 $312,600 $7,711 6.86%
    Black 37 $10,265,000 $277,432 $9,869 6.76%
    Asian 24 $8,800,000 $366,667 $7,294 6.41%
    Not provided 11 $4,245,000 $385,909 $7,496 6.68%
    Asian Indian 3 $1,345,000 $448,333 $5,338 6.92%
    American Indian 4 $820,000 $205,000 $5,028 7.37%
    Native Hawaiian or Islander 1 $425,000 $425,000 $17,368 5.63%
    Korean 1 $325,000 $325,000 $3,924 6.75%

    Approval Rates

    Total approvals of all applications
    97.50%

    Cambria Financial Group 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
    79.49%

    Cambria Financial Group has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 356 $112,190,000 $315,140

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    356 $112,190,000 $315,140

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,740,000 $174,000 $4,872 6.34%
    40-60% 26 $7,010,000 $269,615 $6,025 6.79%
    60-80% 55 $19,085,000 $347,000 $6,556 6.86%
    80-100% 257 $81,165,000 $315,817 $8,162 6.84%
    Over 100% 8 $3,190,000 $398,750 $19,117 6.24%