Bank Of San Francisco Mortgage Rates, Fees & Info
SAN FRANCISCO, CALEI: 549300LNRX7MXJSBA163
Tax ID: 20-3005780
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Mortgage Data
Review & Overview
Bank Of San Francisco is a smaller bank specializing in Home Purchase and Refi loans. Bank Of San Francisco has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Santa Rosa, San Jose, Truckee, and Trenton among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of San Francisco has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Bank Of San Francisco is typically a high 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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Originations
66Origination Dollar Volume (All Markets)
$58,600,000Awards
BANK OF SAN FRANCISCO - 2018
BANK OF SAN FRANCISCO is a 2018 , due to their low .
For 2018, 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 Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 62 | $56,710,000 | $914,677 | $13,238 | 4.22% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $0 | 4.85% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $20,779 | 4.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,688 | 4.40% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.50% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against BANK OF SAN FRANCISCO 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 | 66 | $58,600,000 | $887,879 | $13,238 | 4.23% |
For 2018, Bank Of San Francisco's most frequently originated type of loan was Conventional, with 66 originations.
Loan Reason
For 2018, Bank Of San Francisco's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
For 2018, Bank Of San Francisco's most frequently cited loan duration was 30 Year, with 57 originations. The 2nd most popular length was 10 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 40 | $34,850,000 | $871,250 |
| $3k-4k | 3 | $825,000 | $275,000 |
| $4k-5k | 2 | $710,000 | $355,000 |
Bank Of San Francisco's average total fees were $13,238, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 40 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 34 | $28,410,000 | $835,588 |
| 4-5% | 28 | $26,730,000 | $954,643 |
| 5-6% | 4 | $3,460,000 | $865,000 |
During 2018, Bank Of San Francisco's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 3-4%, with 34 originations.
Loan Sizing
2018 saw Bank Of San Francisco place emphasis on $1MM+ loans with 23 originations, totaling $34,325,000 in origination value.
Applicant Income
Bank Of San Francisco lent most frequently to those with incomes in the $250k+ range, with 35 originations. The second most popular income band? $150k-250k, with 16 originations.
Applicant Debt to Income Ratio
Bank Of San Francisco lent most frequently to those with DTI ratios of <20%, with 16 originations. The next most common DTI ratio? 20-30%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.83%
Bank Of San Francisco has an average approval rate.
Pick Rate
Approvals leading to origination92.42%
Bank Of San Francisco has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 66 | $58,600,000 | $887,879 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $9,245,000 | $1,849,000 |
| Single Family (1-4 Units):Site-Built | 61 | $49,355,000 | $809,098 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | FHA mortgage | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 3 | 11.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 18.5% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 7.4% |