Victoria Financial Corp. Mortgage Rates, Fees & Info
SAN GABRIEL, CALEI: 549300LMP5T3UBHAEI68
Tax ID: 95-4249171
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Victoria Financial Corp. is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Victoria Financial Corp. has a high proportion of conventional loans. Their top markets include Los Angeles, Riverside, San Diego, San Francisco, and Oxnard among others. Victoria Financial Corp. has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Victoria Financial Corp. is typically an average fee lendor.Originations
1,897Origination Dollar Volume (All Markets)
$826,285,000Awards
VICTORIA FINANCIAL CORP. - 2021
VICTORIA FINANCIAL CORP. is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Victoria Financial Corp.'s average 30 year fixed rate mortgage of loans were
2.92%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.23%.
Relative Fees
Victoria Financial Corp.'s average total fees for a 30 year fixed rate
mortgage are $3,744.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1,397 | $630,205,000 | $451,113 | $3,723 | 2.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 284 | $101,020,000 | $355,704 | $3,704 | 2.99% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 64 | $25,190,000 | $393,594 | $3,611 | 2.93% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 46 | $25,150,000 | $546,739 | $3,610 | 2.74% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 42 | $18,330,000 | $436,429 | $3,468 | 2.80% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 20 | $10,680,000 | $534,000 | $3,436 | 2.69% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 19 | $7,055,000 | $371,316 | $3,447 | 2.84% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $1,870,000 | $467,500 | $3,383 | 3.03% |
| VALLEJO, CA (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $3,569 | 2.94% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $4,047 | 2.97% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $3,127 | 2.67% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $2,845 | 3.25% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $3,328 | 2.81% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,814 | 3.56% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,780 | 2.88% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,565 | 2.50% |
Victoria Financial Corp.'s top markets include Los Angeles, Riverside, San Diego, San Francisco, and Oxnard among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,897 | $826,285,000 | $435,575 | $3,700 | 2.84% |
For the 2021 period, Victoria Financial Corp.'s most frequently originated loan type of loans were Conventional, with 1,897 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 1,172 | $483,570,000 | $412,602 | $3,395 | 2.76% |
| Cash Out Refi | 532 | $238,280,000 | $447,895 | $3,437 | 2.98% |
| Home Purchase | 192 | $103,680,000 | $540,000 | $6,271 | 2.98% |
| Home Improvement | 1 | $755,000 | $755,000 | $3,655 | 3.63% |
For the 2021, Victoria Financial Corp.'s most frequently cited loan purpose of loans were Refi, with 1,172 originations. The 2nd most popular reason of loans were Cash Out Refi, with 532 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,625 | $730,765,000 | $449,702 | $3,744 | 2.92% |
| 15 Year | 230 | $80,310,000 | $349,174 | $3,436 | 2.39% |
| 20 Year | 30 | $10,810,000 | $360,333 | $3,377 | 2.59% |
| 10 Year | 10 | $3,410,000 | $341,000 | $3,678 | 2.11% |
| Other | 2 | $990,000 | $495,000 | $3,179 | 2.62% |
For the 2021, Victoria Financial Corp.'s most frequently cited loan length of loans were 30 Year, with 1,625 originations. The 2nd most popular length of loans were 15 Year, with 230 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $2k-3k | 1,307 | $574,675,000 | $439,690 |
| $1k-2k | 578 | $244,170,000 | $422,439 |
| $5k+ | 5 | $3,655,000 | $731,000 |
| $3k-4k | 4 | $2,190,000 | $547,500 |
| $<1k | 3 | $1,595,000 | $531,667 |
$3,744 of loans were Victoria Financial Corp.'s average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 1,307 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 906 | $415,120,000 | $458,190 |
| <2.5% | 515 | $218,085,000 | $423,466 |
| 3-4% | 466 | $187,600,000 | $402,575 |
| 4-5% | 10 | $5,480,000 | $548,000 |
During 2021, Victoria Financial Corp.'s average interest rate of loans were 2.92%, while their most frequently originated rate bucket of loans were 2.5-3%, with 906 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 801 | $246,475,000 | $307,709 | $3,449 | 2.86% |
| $400k-600k | 791 | $388,335,000 | $490,942 | $3,741 | 2.79% |
| $600k-1MM | 247 | $178,545,000 | $722,854 | $4,446 | 2.88% |
| $100k-200k | 55 | $9,415,000 | $171,182 | $3,374 | 3.07% |
| $1MM+ | 3 | $3,515,000 | $1,171,667 | $3,966 | 3.58% |
2021 saw Victoria Financial Corp. place emphasis on $200k-400k loans with 801 originations, totaling $246,475,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 614 | $288,540,000 | $469,935 | $3,755 | 2.87% |
| $100k-150k | 593 | $252,255,000 | $425,388 | $3,647 | 2.79% |
| $75k-100k | 287 | $111,615,000 | $388,902 | $3,664 | 2.79% |
| $250k+ | 235 | $121,575,000 | $517,340 | $3,856 | 3.00% |
| $50k-75k | 138 | $44,360,000 | $321,449 | $3,547 | 2.80% |
| $50k or less | 30 | $7,940,000 | $264,667 | $3,421 | 2.94% |
Victoria Financial Corp. lent most frequently to those with incomes in the $150k-250k range, with 614 originations. The second most popular income band? $100k-150k, with 593 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 412 | $172,900,000 | $419,660 | $3,554 | 2.79% |
| 30-36% | 369 | $162,335,000 | $439,932 | $3,671 | 2.80% |
| <20% | 138 | $57,970,000 | $420,072 | $3,525 | 2.78% |
| 49% | 86 | $35,370,000 | $411,279 | $3,789 | 2.91% |
| 48% | 85 | $37,435,000 | $440,412 | $3,892 | 2.92% |
| 43% | 81 | $37,655,000 | $464,877 | $4,039 | 2.88% |
| 36% | 78 | $35,490,000 | $455,000 | $3,709 | 2.84% |
| 44% | 74 | $33,000,000 | $445,946 | $3,751 | 2.94% |
| 41% | 72 | $31,440,000 | $436,667 | $3,774 | 2.94% |
| 40% | 71 | $32,595,000 | $459,085 | $3,763 | 2.86% |
| 42% | 67 | $29,835,000 | $445,299 | $3,951 | 2.89% |
| 38% | 65 | $26,905,000 | $413,923 | $3,791 | 2.89% |
| 39% | 64 | $27,360,000 | $427,500 | $3,468 | 2.81% |
| 47% | 60 | $26,850,000 | $447,500 | $3,668 | 2.83% |
| 46% | 59 | $26,225,000 | $444,492 | $4,021 | 2.86% |
| 45% | 57 | $26,445,000 | $463,947 | $3,824 | 2.92% |
| 37% | 56 | $25,370,000 | $453,036 | $3,655 | 2.92% |
| 50-60% | 1 | $205,000 | $205,000 | $3,564 | 2.99% |
Victoria Financial Corp. lent most frequently to those with DTI ratios of 20-30%, with 412 originations. The next most common DTI ratio? 30-36%, with 369 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 1,439 | $627,635,000 | $436,161 | $3,746 | 2.83% |
| White | 314 | $139,530,000 | $444,363 | $3,611 | 2.87% |
| Not provided | 126 | $52,270,000 | $414,841 | $3,397 | 2.84% |
| Black | 16 | $6,170,000 | $385,625 | $3,595 | 3.05% |
| Not applicable | 1 | $395,000 | $395,000 | $4,060 | 3.63% |
| American Indian | 1 | $285,000 | $285,000 | $3,565 | 2.75% |
Approval Rates
Total approvals of all applications98.76%
Victoria Financial Corp. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.56%
Victoria Financial Corp. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,897 | $826,285,000 | $435,575 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,897 | $826,285,000 | $435,575 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 349 | $114,095,000 | $326,920 | $3,433 | 2.78% |
| 40-60% | 830 | $357,800,000 | $431,084 | $3,548 | 2.78% |
| 60-80% | 647 | $318,945,000 | $492,960 | $3,932 | 2.95% |
| 80-100% | 49 | $28,885,000 | $589,490 | $5,186 | 2.87% |
| Under 20% | 22 | $6,560,000 | $298,182 | $3,469 | 2.84% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| VICTORIAN FINANCE, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
