Callisto Group Mortgage Rates, Fees & Info

GLENDALE, CA

LEI: 549300PK4T5VBRY4TE47

Tax ID: 95-4657278

4.2 stars - out of 5 stars, based on 21 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Callisto Group is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Callisto Group has a high proportion of conventional loans. Their top markets include Los Angeles, Riverside, Oxnard, Fresno, and San Francisco among others. Callisto Group has an above average approval rate for mortages when compared nationally. Callisto Group is typically an average fee lendor.


Originations

432

Origination Dollar Volume (All Markets)

$220,710,000

Relative Rate

Callisto Group 's average 30 year fixed rate mortgage of loans were 3.18%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.03%.

Relative Fees

Callisto Group 's average total fees for a 30 year fixed rate mortgage are $5,435.

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) 363 $193,105,000 $531,970 $5,314 3.11%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 34 $12,980,000 $381,765 $5,484 3.34%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 7 $4,535,000 $647,857 $6,574 3.13%
FRESNO, CA (FHA|USDA|VA) 15 $4,365,000 $291,000 $5,132 3.40%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 5 $3,145,000 $629,000 $3,889 3.17%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $955,000 $318,333 $3,248 3.00%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $590,000 $295,000 $5,126 3.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $445,000 $445,000 $3,461 3.25%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $315,000 $315,000 $3,440 2.75%
VISALIA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $7,429 2.88%

Callisto Group 's top markets include Los Angeles, Riverside, Oxnard, Fresno, and San Francisco among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 431 $220,265,000 $511,056 $5,308 3.13%
VA 1 $445,000 $445,000 $3,461 3.25%

For the 2021 period, Callisto Group 's most frequently originated loan type of loans were Conventional, with 431 originations. Their 2nd most popular type is VA, with 1 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 194 $88,900,000 $458,247 $4,041 2.92%
Home Purchase 120 $69,960,000 $583,000 $7,063 3.33%
Cash Out Refi 118 $61,850,000 $524,153 $5,612 3.29%

For the 2021, Callisto Group 's most frequently cited loan purpose of loans were Refi, with 194 originations. The 2nd most popular reason of loans were Home Purchase, with 120 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 396 $207,540,000 $524,091 $5,435 3.18%
15 Year 25 $9,155,000 $366,200 $4,278 2.57%
20 Year 9 $3,325,000 $369,444 $2,909 2.65%
Other 2 $690,000 $345,000 $3,037 2.94%

For the 2021, Callisto Group 's most frequently cited loan length of loans were 30 Year, with 396 originations. The 2nd most popular length of loans were 15 Year, with 25 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 311 $157,765,000 $507,283
$5k+ 73 $44,195,000 $605,411
$3k-4k 33 $13,925,000 $421,970
$2k-3k 15 $4,825,000 $321,667

$5,435 of loans were Callisto Group 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 311 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 206 $99,300,000 $482,039
3-4% 180 $99,200,000 $551,111
<2.5% 26 $10,850,000 $417,308
4-5% 16 $8,140,000 $508,750
5-6% 4 $3,220,000 $805,000

During 2021, Callisto Group 's average interest rate of loans were 3.18%, while their most frequently originated rate bucket of loans were 2.5-3%, with 206 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$400k-600k 182 $90,040,000 $494,725 $4,503 3.03%
$200k-400k 120 $38,130,000 $317,750 $4,243 3.09%
$600k-1MM 105 $77,345,000 $736,619 $6,972 3.35%
$100k-200k 15 $2,635,000 $175,667 $4,005 3.01%
$1MM+ 10 $12,560,000 $1,256,000 $16,933 3.54%

2021 saw Callisto Group place emphasis on $400k-600k loans with 182 originations, totaling $90,040,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 127 $65,745,000 $517,677 $4,789 3.06%
$150k-250k 99 $51,945,000 $524,697 $5,081 3.15%
$75k-100k 73 $30,845,000 $422,534 $4,362 2.99%
$250k+ 72 $50,070,000 $695,417 $7,321 3.24%
$50k-75k 45 $15,485,000 $344,111 $4,117 3.05%
$50k or less 16 $6,620,000 $413,750 $10,202 4.08%

Callisto Group lent most frequently to those with incomes in the $100k-150k range, with 127 originations. The second most popular income band? $150k-250k, with 99 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 71 $36,195,000 $509,789 $5,371 3.15%
20-30% 60 $31,050,000 $517,500 $4,429 3.03%
41% 28 $13,910,000 $496,786 $4,896 3.14%
<20% 27 $11,005,000 $407,593 $6,235 3.09%
42% 25 $12,885,000 $515,400 $5,067 3.17%
43% 25 $12,765,000 $510,600 $4,829 3.07%
44% 23 $12,365,000 $537,609 $5,370 3.06%
46% 23 $11,045,000 $480,217 $5,191 3.24%
40% 20 $10,600,000 $530,000 $4,598 3.15%
45% 20 $9,840,000 $492,000 $5,608 3.08%
47% 19 $11,135,000 $586,053 $5,052 3.14%
38% 17 $9,105,000 $535,588 $5,535 3.00%
37% 16 $7,590,000 $474,375 $4,263 2.98%
48% 15 $7,075,000 $471,667 $4,513 3.03%
36% 13 $7,395,000 $568,846 $5,601 3.00%
39% 13 $7,805,000 $600,385 $8,014 3.21%
49% 8 $4,170,000 $521,250 $5,068 3.19%
50-60% 1 $365,000 $365,000 $2,789 3.25%

Callisto Group lent most frequently to those with DTI ratios of 30-36%, with 71 originations. The next most common DTI ratio? 20-30%, with 60 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 407 $208,245,000 $511,658 $5,329 3.15%
Asian 11 $5,615,000 $510,455 $6,179 2.85%
Black 9 $3,995,000 $443,889 $3,408 3.12%
American Indian 2 $980,000 $490,000 $4,347 2.75%
Asian Indian 1 $825,000 $825,000 $8,366 3.25%
Other Asian 1 $545,000 $545,000 $2,840 2.88%
Not provided 1 $505,000 $505,000 $3,644 2.88%

Approval Rates

Total approvals of all applications
100.00%

Callisto Group 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

Points and Fees

Points Originations Total Value Average Loan
10688.95 1 $275,000 $275,000
332256.86 1 $415,000 $415,000
412805.0 1 $505,000 $505,000
NA 429 $219,515,000 $511,690

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
432 $220,710,000 $510,903

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 50 $19,510,000 $390,200 $4,356 2.93%
40-60% 152 $72,940,000 $479,868 $4,182 2.98%
60-80% 162 $90,820,000 $560,617 $6,401 3.31%
80-100% 63 $36,235,000 $575,159 $6,126 3.21%
Under 20% 5 $1,205,000 $241,000 $3,375 3.10%