Mission Mortgage Rates, Fees & Info
San Diego, CALEI: 549300DXSALP2TGZBQ16
Tax ID: 95-2148515
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Mission is a small mortgage company specializing in Home Purchase loans. Mission has a high proportion of conventional loans. Their top markets by origination volume include: San Diego, Riverside, Los Angeles, Redding, and Madera among others. We have data for 5 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.
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.
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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Mission. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,271Origination Dollar Volume (All Markets)
$1,461,935,000MISSION - 2022
MISSION is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for MISSION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 3,256 | $1,445,740,000 | $444,023 | $3,175 | 4.07% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 10 | $12,730,000 | $1,273,000 | $4,578 | 3.67% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $3,285,000 | $1,095,000 | $2,480 | 3.86% |
REDDING, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,741 | 5.13% |
MADERA, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,525 | 3.88% |
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.
Similarity Rank: 30
Similarity Rank: 136
Similarity Rank: 324
Similarity Rank: 371
Similarity Rank: 672
Similarity Rank: 705
Similarity Rank: 740
Similarity Rank: 962
Similarity Rank: 1090
Similarity Rank: 1275
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 1,817 | $1,269,265,000 | $698,550 | $3,179 | 3.69% |
HELOC | 1,454 | $192,670,000 | $132,510 | n/a | 4.53% |
For 2022, Mission's most frequently originated type of loan was Conventional, with 1,817 originations. Their 2nd most popular type was HELOC, with 1,454 originations.
Loan Reason
For 2022, Mission's most frequently cited loan purpose was Home Improvement, with 1,508 originations. The 2nd most popular reason was Home Purchase, with 920 originations.
Loan Duration/Length
For 2022, Mission's most frequently cited loan duration was 30 Year, with 1,303 originations. The 2nd most popular length was Other, with 885 originations.
Origination Fees/Closing Costs
Mission's average total fees were $3,839, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,000 originations.
Interest Rates
During 2022, Mission's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 3-4%, with 1,082 originations.
Loan Sizing
2022 saw Mission place emphasis on $100k-200k loans with 796 originations, totaling $98,820,000 in origination value.
Applicant Income
Mission lent most frequently to those with incomes in the $150k-250k range, with 1,196 originations. The second most popular income band? $100k-150k, with 834 originations.
Applicant Debt to Income Ratio
Mission lent most frequently to those with DTI ratios of 30-36%, with 603 originations. The next most common DTI ratio? 20-30%, with 522 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.07%
Mission has an average approval rate.
Pick Rate
Approvals leading to origination72.73%
Mission has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 3,271 | $1,461,935,000 | $446,938 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
3,271 | $1,461,935,000 | $446,938 |