Montecito Bank & Trust Mortgage Rates, Fees & Info
Santa Barbara, CALEI: 549300A7BPOO2YO2YE30
Tax ID: 95-2900153
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Montecito Bank & Trust is a smaller bank specializing in 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, Madera, and Riverside among others. We have data for 5 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.
Originations
75Origination Dollar Volume (All Markets)
$55,135,000Top 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 |
|---|---|---|---|---|---|
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 54 | $39,120,000 | $724,444 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 15 | $10,905,000 | $727,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $3,910,000 | $977,500 | $0 | 0.00% |
| MADERA, CA (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
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: 56
Similarity Rank: 64
Similarity Rank: 638
Similarity Rank: 858
Similarity Rank: 990
Similarity Rank: 1122
Similarity Rank: 1134
Similarity Rank: 1331
Similarity Rank: 1404
Similarity Rank: 2376
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 75 | $55,135,000 | $735,133 | $0 | 0.00% |
For 2024, Montecito Bank & Trust's most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
For 2024, Montecito Bank & Trust's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 75 | $55,135,000 | $735,133 | $0 | 0.00% |
For 2024, Montecito Bank & Trust's most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2024 saw Montecito Bank & Trust place emphasis on $1MM+ loans with 24 originations, totaling $33,780,000 in origination value.
Applicant Income
Montecito Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 24 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 75 | $55,135,000 | $735,133 | $0 | 0.00% |
Montecito Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.79%
Montecito Bank & Trust has a below average approval rate.
Pick Rate
Approvals leading to origination65.33%
Montecito Bank & Trust has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 75 | $55,135,000 | $735,133 |