Victoria Financial Corp. Mortgage Rates, Fees & Info

SAN GABRIEL, CA

LEI: 549300LMP5T3UBHAEI68

Tax ID: 95-4249171

5 stars - out of 5 stars, based on 14 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Mortgage Calculator
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Victoria Financial Corp. is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Victoria Financial Corp. has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Sacramento, and San Jose among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Victoria Financial Corp. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Victoria Financial Corp. is typically an average 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
    30 Year Conventional Purchase 6.45% 4/1/23
    30 Year Conventional Refi 6.40% 4/1/23
    30 Year Cash-out Refi 6.59% 4/1/23
    15 Year Conventional Refi 5.61% 4/1/23
    15 Year Cash-out Refi 5.61% 4/1/23
    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.

    Victoria Financial Corp. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Victoria Financial Corp.. 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

    202

    Origination Dollar Volume (All Markets)

    $104,080,000
    Show all (11) awards

    Relative Rate

    Victoria Financial Corp.'s average 30 year fixed mortgage rate was 4.35%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.41%.

    Relative Fees (Closing Costs)

    Victoria Financial Corp.'s average total fees/closing costs for a 30 year fixed rate mortgage were $5,052.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 128 $71,420,000 $557,969 $4,835 4.17%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 49 $20,245,000 $413,163 $5,378 4.42%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 8 $3,650,000 $456,250 $5,673 4.42%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $2,870,000 $478,333 $4,511 4.39%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $2,480,000 $620,000 $4,473 4.90%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,080,000 $540,000 $3,718 3.69%
    Outside of Metro Areas 1 $605,000 $605,000 $5,259 3.88%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $515,000 $515,000 $3,830 2.63%
    SALINAS, CA (FHA|USDA|VA) 1 $495,000 $495,000 $3,780 3.13%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $405,000 $405,000 $5,407 6.13%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $315,000 $315,000 $1,925 6.99%
    Victoria Financial Corp.'s top markets include Los Angeles, Riverside, San Diego, Sacramento, and San Jose among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against VICTORIA FINANCIAL CORP. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Credence Funding Corporation
    Similarity Rank: 316
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    SAFEAMERICA CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 202 $104,080,000 $515,248 $4,953 4.27%

    For 2022, Victoria Financial Corp.'s most frequently originated type of loan was Conventional, with 202 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 80 $44,840,000 $560,500 $6,976 4.95%
    Cash Out Refi 63 $32,615,000 $517,698 $3,657 4.14%
    Refi 59 $26,625,000 $451,271 $3,627 3.48%

    For 2022, Victoria Financial Corp.'s most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Cash Out Refi, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 186 $97,450,000 $523,925 $5,052 4.35%
    15 Year 11 $4,675,000 $425,000 $3,621 2.92%
    20 Year 4 $1,640,000 $410,000 $4,788 3.43%
    5 Year 1 $315,000 $315,000 $1,925 6.99%

    For 2022, Victoria Financial Corp.'s most frequently cited loan duration was 30 Year, with 186 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 187 $95,935,000 $513,021
    $5k+ 8 $4,940,000 $617,500
    $3k-4k 3 $1,805,000 $601,667
    $4k-5k 2 $770,000 $385,000
    $<1k 1 $315,000 $315,000
    $1k-2k 1 $315,000 $315,000

    Victoria Financial Corp.'s average total fees were $5,052, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 187 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 81 $39,525,000 $487,963
    4-5% 43 $22,315,000 $518,953
    2.5-3% 27 $14,055,000 $520,556
    5-6% 27 $14,635,000 $542,037
    6-7% 18 $10,220,000 $567,778
    7-8% 4 $2,280,000 $570,000
    <2.5% 2 $1,050,000 $525,000

    During 2022, Victoria Financial Corp.'s average interest rate for loans was 4.35%, while their most frequently originated rate bucket for loans was 3-4%, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 76 $37,660,000 $495,526 $4,815 4.26%
    $600k-1MM 68 $47,490,000 $698,382 $5,701 4.42%
    $200k-400k 52 $16,160,000 $310,769 $4,316 4.11%
    $100k-200k 4 $660,000 $165,000 $3,530 3.81%
    $1MM+ 2 $2,110,000 $1,055,000 $3,805 4.38%

    2022 saw Victoria Financial Corp. place emphasis on $400k-600k loans with 76 originations, totaling $37,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 80 $43,000,000 $537,500 $4,955 4.41%
    $100k-150k 58 $29,460,000 $507,931 $4,590 3.98%
    $250k+ 39 $22,265,000 $570,897 $5,668 4.61%
    $75k-100k 15 $6,275,000 $418,333 $5,246 4.13%
    $50k-75k 5 $1,645,000 $329,000 $4,145 4.20%
    $50k or less 5 $1,435,000 $287,000 $3,610 3.15%

    Victoria Financial Corp. lent most frequently to those with incomes in the $150k-250k range, with 80 originations. The second most popular income band? $100k-150k, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 38 $17,850,000 $469,737 $4,863 4.06%
    30-36% 27 $14,735,000 $545,741 $5,200 4.23%
    49% 15 $7,135,000 $475,667 $5,968 4.48%
    40% 13 $6,255,000 $481,154 $4,628 4.10%
    48% 13 $8,275,000 $636,538 $4,524 3.73%
    47% 13 $6,815,000 $524,231 $4,833 4.12%
    44% 12 $7,340,000 $611,667 $4,911 4.71%
    42% 10 $5,210,000 $521,000 $4,805 4.20%
    <20% 8 $3,540,000 $442,500 $5,755 4.83%
    38% 8 $3,310,000 $413,750 $4,296 3.95%
    37% 7 $3,215,000 $459,286 $5,699 4.82%
    43% 7 $3,035,000 $433,571 $4,067 3.96%
    45% 7 $4,265,000 $609,286 $4,257 4.53%
    39% 6 $3,420,000 $570,000 $4,034 4.58%
    46% 6 $3,270,000 $545,000 $5,769 3.87%
    36% 6 $3,720,000 $620,000 $4,414 3.92%
    41% 5 $2,285,000 $457,000 $5,515 5.60%
    50-60% 1 $405,000 $405,000 $6,241 6.88%

    Victoria Financial Corp. lent most frequently to those with DTI ratios of 20-30%, with 38 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 169 $86,185,000 $509,970 $5,040 4.35%
    White 24 $13,200,000 $550,000 $4,700 3.86%
    Not provided 7 $3,495,000 $499,286 $3,719 3.66%
    Black 1 $635,000 $635,000 $3,655 5.38%
    American Indian 1 $565,000 $565,000 $6,269 3.13%

    Approval Rates

    Total approvals of all applications
    96.51%

    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 origination
    50.50%

    Victoria Financial Corp. 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
    NA 202 $104,080,000 $515,248

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    202 $104,080,000 $515,248

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $10,665,000 $367,759 $3,865 3.69%
    40-60% 62 $31,310,000 $505,000 $4,525 4.31%
    60-80% 98 $54,290,000 $553,980 $5,428 4.36%
    80-100% 12 $7,650,000 $637,500 $6,071 4.84%
    Under 20% 1 $165,000 $165,000 $3,530 2.75%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    VICTORIAN FINANCE, LLC Conventional home mortgage Trouble during payment process 1 100.0%