Cambria Financial Group Mortgage Rates, Fees & Info

Belle Plaine, MN

LEI: 5493008SV4X2EID9J711

Tax ID: 26-2926983

5 stars - out of 5 stars, based on 39 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Cambria Financial Group is a smaller mortgage company specializing in Home Purchase and Refi loans. Cambria Financial Group has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Minneapolis, Dallas, Faribault, Brainerd, and Mankato among others. Cambria Financial Group has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Cambria Financial Group is typically an average fee lendor.


Originations

1,538

Origination Dollar Volume (All Markets)

$423,600,000

Relative Rate

Cambria Financial Group 's average 30 year fixed rate mortgage of loans were 3.04%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.11%.

Relative Fees

Cambria Financial Group 's average total fees for a 30 year fixed rate mortgage are $4,587.

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

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1,282 $359,450,000 $280,382 $4,396 2.97%
Outside of Metro Areas 77 $15,785,000 $205,000 $3,999 3.01%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 13 $4,495,000 $345,769 $4,433 2.80%
Faribault-Northfield, MN (FHA|USDA|VA) 11 $3,605,000 $327,727 $5,344 2.97%
Brainerd, MN (FHA|USDA|VA) 13 $3,125,000 $240,385 $3,609 2.78%
MANKATO, MN (FHA|USDA|VA) 13 $2,975,000 $228,846 $3,943 3.05%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 10 $2,910,000 $291,000 $4,175 2.79%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $2,825,000 $403,571 $6,246 2.84%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $2,660,000 $332,500 $4,293 2.69%
DULUTH, MN-WI (FHA|USDA|VA) 8 $1,970,000 $246,250 $3,765 3.00%
ROCHESTER, MN (FHA|USDA|VA) 11 $1,805,000 $164,091 $3,093 2.99%
BOULDER, CO (FHA|USDA|VA) 4 $1,590,000 $397,500 $2,344 2.40%
Grand Rapids, MN (FHA|USDA|VA) 6 $1,490,000 $248,333 $2,798 3.23%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,460,000 $365,000 $2,323 2.41%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,250,000 $312,500 $4,077 3.16%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $1,045,000 $348,333 $4,673 2.79%
Fergus Falls, MN (FHA|USDA|VA) 4 $1,010,000 $252,500 $3,767 2.66%
ST. CLOUD, MN (FHA|USDA|VA) 5 $1,005,000 $201,000 $5,016 2.80%
Hutchinson, MN (FHA|USDA|VA) 6 $980,000 $163,333 $3,953 3.10%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $830,000 $207,500 $4,134 2.44%
Owatonna, MN (FHA|USDA|VA) 4 $780,000 $195,000 $4,292 2.84%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $770,000 $385,000 $3,643 2.50%
Alexandria, MN (FHA|USDA|VA) 3 $585,000 $195,000 $4,314 2.90%
EAU CLAIRE, WI (FHA|USDA|VA) 2 $580,000 $290,000 $2,413 2.56%
AMES, IA (FHA|USDA|VA) 2 $550,000 $275,000 $2,840 2.69%
GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $550,000 $275,000 $4,793 3.06%
GAINESVILLE, FL (FHA|USDA|VA) 1 $545,000 $545,000 $5,461 2.63%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $520,000 $260,000 $2,508 2.37%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $500,000 $250,000 $3,028 3.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $490,000 $245,000 $3,948 2.63%
GREELEY, CO (FHA|USDA|VA) 1 $465,000 $465,000 $3,210 2.25%
Willmar, MN (FHA|USDA|VA) 2 $400,000 $200,000 $5,221 3.13%
Marshall, MN (FHA|USDA|VA) 2 $370,000 $185,000 $2,911 2.69%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $365,000 $365,000 $6,160 2.63%
Whitewater, WI (FHA|USDA|VA) 1 $345,000 $345,000 $2,345 2.75%
Winona, MN (FHA|USDA|VA) 1 $335,000 $335,000 $3,016 2.88%
Red Wing, MN (FHA|USDA|VA) 1 $325,000 $325,000 $3,557 2.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,129 2.50%
Sulphur Springs, TX (FHA|USDA|VA) 1 $285,000 $285,000 $3,864 2.88%
MADISON, WI (FHA|USDA|VA) 1 $265,000 $265,000 $2,195 2.49%
Spirit Lake, IA (FHA|USDA|VA) 1 $255,000 $255,000 $3,435 2.88%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $255,000 $255,000 $3,380 3.25%
RACINE, WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,205 3.13%
Albert Lea, MN (FHA|USDA|VA) 1 $225,000 $225,000 $2,920 2.75%
RAPID CITY, SD (FHA|USDA|VA) 1 $225,000 $225,000 $7,400 3.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $195,000 $195,000 $141 2.25%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $165,000 $165,000 $3,804 3.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,842 3.38%
Worthington, MN (FHA|USDA|VA) 1 $125,000 $125,000 $3,683 3.38%
Mason City, IA (FHA|USDA|VA) 1 $115,000 $115,000 $2,995 3.13%
Fairmont, MN (FHA|USDA|VA) 1 $75,000 $75,000 $3,812 3.38%

Cambria Financial Group 's top markets include Minneapolis, Dallas, Faribault, Brainerd, and Mankato among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,383 $378,125,000 $273,409 $3,901 2.97%
FHA 97 $26,505,000 $273,247 $9,154 2.95%
VA 58 $18,970,000 $327,069 $6,373 2.58%

For the 2021 period, Cambria Financial Group 's most frequently originated loan type of loans were Conventional, with 1,383 originations. Their 2nd most popular type is FHA, with 97 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 646 $195,080,000 $301,981 $5,300 3.03%
Refi 578 $147,090,000 $254,481 $3,348 2.81%
Cash Out Refi 313 $81,295,000 $259,728 $4,122 3.06%
Home Improvement 1 $135,000 $135,000 $4,391 3.15%

For the 2021, Cambria Financial Group 's most frequently cited loan purpose of loans were Home Purchase, with 646 originations. The 2nd most popular reason of loans were Refi, with 578 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,218 $346,250,000 $284,278 $4,587 3.04%
15 Year 177 $41,265,000 $233,136 $3,295 2.51%
20 Year 110 $28,600,000 $260,000 $3,311 2.82%
10 Year 21 $4,175,000 $198,810 $3,113 2.34%
Other 12 $3,310,000 $275,833 $4,323 3.00%

For the 2021, Cambria Financial Group 's most frequently cited loan length of loans were 30 Year, with 1,218 originations. The 2nd most popular length of loans were 15 Year, with 177 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,127 $306,205,000 $271,699
$3k-4k 174 $47,410,000 $272,471
$2k-3k 170 $47,140,000 $277,294
$5k+ 53 $18,725,000 $353,302
$<1k 12 $3,420,000 $285,000

$4,587 of loans were Cambria Financial Group 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,127 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 718 $202,910,000 $282,604
3-4% 553 $147,365,000 $266,483
<2.5% 251 $69,765,000 $277,948
4-5% 16 $3,560,000 $222,500

During 2021, Cambria Financial Group 's average interest rate of loans were 3.04%, while their most frequently originated rate bucket of loans were 2.5-3%, with 718 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 873 $248,275,000 $284,393 $4,562 2.98%
$100k-200k 406 $64,520,000 $158,916 $3,389 2.95%
$400k-600k 221 $105,405,000 $476,946 $5,128 2.87%
$100,000 or less 34 $2,790,000 $82,059 $3,245 2.96%
$600k-1MM 4 $2,610,000 $652,500 $12,782 3.00%

2021 saw Cambria Financial Group place emphasis on $200k-400k loans with 873 originations, totaling $248,275,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 372 $115,110,000 $309,435 $4,349 2.93%
$50k-75k 372 $86,500,000 $232,527 $4,466 3.02%
$75k-100k 292 $75,000,000 $256,849 $4,496 2.98%
$150k-250k 245 $85,335,000 $348,306 $4,331 2.94%
$50k or less 184 $32,180,000 $174,891 $3,824 2.93%
$250k+ 73 $29,475,000 $403,767 $4,040 2.78%

Cambria Financial Group lent most frequently to those with incomes in the $100k-150k range, with 372 originations. The second most popular income band? $50k-75k, with 372 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 353 $97,145,000 $275,198 $3,959 2.88%
30-36% 301 $82,465,000 $273,970 $4,265 2.97%
<20% 139 $39,755,000 $286,007 $3,466 2.77%
42% 68 $18,980,000 $279,118 $4,501 3.04%
44% 64 $15,790,000 $246,719 $4,934 3.12%
43% 61 $15,915,000 $260,902 $4,070 3.05%
41% 61 $16,585,000 $271,885 $4,728 3.09%
40% 58 $15,510,000 $267,414 $4,330 2.96%
39% 54 $14,770,000 $273,519 $5,153 3.04%
38% 52 $14,800,000 $284,615 $4,830 2.91%
36% 51 $13,725,000 $269,118 $4,262 3.05%
37% 50 $14,730,000 $294,600 $4,107 3.02%
46% 43 $12,045,000 $280,116 $5,024 3.03%
45% 38 $10,890,000 $286,579 $4,678 3.06%
47% 38 $11,550,000 $303,947 $4,748 2.98%
48% 37 $10,605,000 $286,622 $5,666 3.07%
49% 37 $10,355,000 $279,865 $5,277 3.05%
50-60% 11 $2,805,000 $255,000 $6,514 3.07%

Cambria Financial Group lent most frequently to those with DTI ratios of 20-30%, with 353 originations. The next most common DTI ratio? 30-36%, with 301 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,190 $328,400,000 $275,966 $4,295 2.95%
Not provided 118 $32,610,000 $276,356 $3,829 2.92%
Black 102 $30,570,000 $299,706 $6,019 3.07%
Asian 108 $27,070,000 $250,648 $3,585 2.95%
American Indian 11 $2,665,000 $242,273 $4,434 2.97%
Other Asian 3 $805,000 $268,333 $3,138 2.96%
Asian Indian 3 $785,000 $261,667 $3,955 2.88%
Native Hawaiian 2 $420,000 $210,000 $6,637 2.95%
Vietnamese 1 $275,000 $275,000 $3,503 2.75%

Approval Rates

Total approvals of all applications
93.81%

Cambria Financial Group has an average approval rate.

Pick Rate

Approvals leading to origination
70.96%

Cambria Financial Group has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,538 $423,600,000 $275,423

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,538 $423,600,000 $275,423

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 54 $8,660,000 $160,370 $3,032 2.64%
40-60% 262 $61,040,000 $232,977 $3,319 2.78%
60-80% 658 $189,550,000 $288,070 $3,923 3.00%
80-100% 553 $161,065,000 $291,257 $5,299 3.02%
Over 100% 7 $2,505,000 $357,857 $13,118 2.70%
Under 20% 4 $780,000 $195,000 $3,379 2.66%