Mission Mortgage Rates, Fees & Info
San Diego, CALEI: 549300DXSALP2TGZBQ16
Tax ID: 95-2148515
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Mortgage Data
Review & Overview
Mission is a smaller mortgage company specializing in Other, Home Purchase, and Cash Out Refi loans. Mission has a high proportion of conventional loans. Their top markets by origination volume include: San Diego, Riverside, Los Angeles, San Francisco, and San Luis Obispo among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Mission 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. Mission is typically a low 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.27% | 9/1/24 |
30 Year Conventional Purchase | 5.74% | 9/1/24 |
30 Year Conventional Refi | 5.78% | 9/1/24 |
30 Year Cash-out Refi | 5.99% | 9/1/24 |
15 Year Conventional Purchase | 6.28% | 9/1/24 |
15 Year Conventional Refi | 5.72% | 9/1/24 |
15 Year Cash-out Refi | 5.72% | 9/1/24 |
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. |
Mission Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,044Origination Dollar Volume (All Markets)
$757,920,000MISSION - 2019
MISSION is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
---|---|---|---|---|---|
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3,016 | $751,710,000 | $249,241 | $3,217 | 3.83% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 16 | $3,110,000 | $194,375 | $3,428 | 3.82% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $4,507 | 3.95% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,066 | 4.63% |
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,326 | 3.75% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,240 | 4.25% |
Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,141 | 4.00% |
EL CENTRO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,095 | 3.88% |
Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,125 | 3.75% |
FRESNO, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against MISSION 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 | 1,668 | $633,590,000 | $379,850 | $3,225 | 3.97% |
HELOC | 1,376 | $124,330,000 | $90,356 | n/a | 3.66% |
For 2019, Mission's most frequently originated type of loan was Conventional, with 1,668 originations. Their 2nd most popular type was HELOC, with 1,376 originations.
Loan Reason
For 2019, Mission's most frequently cited loan purpose was Other, with 1,622 originations. The 2nd most popular reason was Home Purchase, with 435 originations.
Loan Duration/Length
For 2019, Mission's most frequently cited loan duration was Other, with 1,136 originations. The 2nd most popular length was 30 Year, with 1,097 originations.
Origination Fees/Closing Costs
Mission's average total fees were $4,028, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,216 originations.
Interest Rates
During 2019, Mission's average interest rate for loans was 3.61%, while their most frequently originated rate bucket for loans was 3-4%, with 1,196 originations.
Loan Sizing
2019 saw Mission place emphasis on $100,000 or less loans with 1,160 originations, totaling $60,610,000 in origination value.
Applicant Income
Mission lent most frequently to those with incomes in the $100k-150k range, with 984 originations. The second most popular income band? $150k-250k, with 865 originations.
Applicant Debt to Income Ratio
Mission lent most frequently to those with DTI ratios of 30-36%, with 595 originations. The next most common DTI ratio? 20-30%, with 538 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.25%
Mission has a below average approval rate.
Pick Rate
Approvals leading to origination71.88%
Mission has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 3,044 | $757,920,000 | $248,988 |