Montecito Bank & Trust Mortgage Rates, Fees & InfoSanta Barbara, CA
Tax ID: 95-2900153
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMontecito Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Montecito Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Santa Maria, Oxnard, Los Angeles, and San Luis Obispo among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)
Montecito Bank & Trust 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.
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.
Origination Dollar Volume (All Markets)$75,430,000
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|
|SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA)||56||$57,400,000||$1,025,000||$0||0.00%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||13||$12,885,000||$991,154||$0||0.00%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||2||$3,650,000||$1,825,000||$0||0.00%|
|SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA)||3||$1,495,000||$498,333||$0||0.00%|
We use machine learning to identify the top lenders compared against Montecito Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 583
Similarity Rank: 1089
Similarity Rank: 1248
Similarity Rank: 1442
Similarity Rank: 1840
Similarity Rank: 1960
Similarity Rank: 2046
Similarity Rank: 2100
Similarity Rank: 2796
Similarity Rank: 2820
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Montecito Bank & Trust's most frequently originated type of loan was Conventional, with 74 originations.
For 2022, Montecito Bank & Trust's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Montecito Bank & Trust's most frequently cited loan duration was Other, with 74 originations.
2022 saw Montecito Bank & Trust place emphasis on $1MM+ loans with 21 originations, totaling $53,025,000 in origination value.
Montecito Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Montecito Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 74 originations.
Approval RatesTotal approvals of all applications
Montecito Bank & Trust has a below average approval rate.
Pick RateApprovals leading to origination
Montecito Bank & Trust has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|