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 Refi and Home Purchase loans. Bank Of San Francisco has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Santa Rosa, Napa, and Santa Maria among others. We have data for 4 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 a below 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.
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Originations
59Origination Dollar Volume (All Markets)
$51,235,000Awards
BANK OF SAN FRANCISCO - 2019
BANK OF SAN FRANCISCO is a 2019 , due to their low .
For 2019, 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) | 55 | $48,655,000 | $884,636 | $12,818 | 3.97% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $1,215,000 | $1,215,000 | $0 | 3.90% |
| NAPA, CA (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $9,305 | 4.95% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $7,946 | 3.80% |
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 | 59 | $51,235,000 | $868,390 | $12,636 | 4.00% |
For 2019, Bank Of San Francisco's most frequently originated type of loan was Conventional, with 59 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 31 | $25,445,000 | $820,806 | $10,804 | 4.02% |
| Home Purchase | 28 | $25,790,000 | $921,071 | $14,315 | 3.97% |
For 2019, Bank Of San Francisco's most frequently cited loan purpose was Refi, with 31 originations. The 2nd most popular reason was Home Purchase, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 51 | $40,235,000 | $788,922 | $12,636 | 3.95% |
| 10 Year | 8 | $11,000,000 | $1,375,000 | $0 | 4.31% |
For 2019, Bank Of San Francisco's most frequently cited loan duration was 30 Year, with 51 originations. The 2nd most popular length was 10 Year, with 8 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 39 | $36,785,000 | $943,205 |
| $3k-4k | 4 | $880,000 | $220,000 |
| $4k-5k | 3 | $1,045,000 | $348,333 |
Bank Of San Francisco's average total fees were $12,636, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 39 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 32 | $30,580,000 | $955,625 |
| 4-5% | 23 | $18,705,000 | $813,261 |
| 5-6% | 4 | $1,950,000 | $487,500 |
During 2019, Bank Of San Francisco's average interest rate for loans was 3.95%, while their most frequently originated rate bucket for loans was 3-4%, with 32 originations.
Loan Sizing
2019 saw Bank Of San Francisco place emphasis on $1MM+ loans with 19 originations, totaling $29,045,000 in origination value.
Applicant Income
Bank Of San Francisco lent most frequently to those with incomes in the $250k+ range, with 26 originations. The second most popular income band? $150k-250k, with 14 originations.
Applicant Debt to Income Ratio
Bank Of San Francisco lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? <20%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.02%
Bank Of San Francisco has an average approval rate.
Pick Rate
Approvals leading to origination71.19%
Bank Of San Francisco has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 59 | $51,235,000 | $868,390 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 6 | $6,680,000 | $1,113,333 |
| Single Family (1-4 Units):Site-Built | 53 | $44,555,000 | $840,660 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |