Victoria Financial Corp. Mortgage Rates, Fees & Info

SAN GABRIEL, CA

LEI: 549300LMP5T3UBHAEI68

Tax ID: 95-4249171

5 stars - out of 5 stars, based on 44 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

1,897

Origination Dollar Volume (All Markets)

$826,285,000
Show all (11) awards

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 applications
98.76%

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 origination
92.56%

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%