Montecito Bank & Trust Mortgage Rates, Fees & Info
Santa Barbara, CALEI: 549300A7BPOO2YO2YE30
Tax ID: 95-2900153
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Montecito 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.
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Originations
74Origination Dollar Volume (All Markets)
$75,430,000Top 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) | 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% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 74 | $75,430,000 | $1,019,324 | $0 | 0.00% |
For 2022, Montecito Bank & Trust's most frequently originated type of loan was Conventional, with 74 originations.
Loan Reason
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 Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 74 | $75,430,000 | $1,019,324 | $0 | 0.00% |
For 2022, Montecito Bank & Trust's most frequently cited loan duration was Other, with 74 originations.
Loan Sizing
2022 saw Montecito Bank & Trust place emphasis on $1MM+ loans with 21 originations, totaling $53,025,000 in origination value.
Applicant Income
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 |
|---|---|---|---|---|---|
| Exempt% | 74 | $75,430,000 | $1,019,324 | $0 | 0.00% |
Montecito Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.63%
Montecito Bank & Trust has a below average approval rate.
Pick Rate
Approvals leading to origination82.43%
Montecito Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 74 | $75,430,000 | $1,019,324 |