Malaga Bank F.s.b Mortgage Rates, Fees & Info
Palos Verdes Estates, CALEI: 549300PTYDNRSYG5A828
Tax ID: 33-0011033
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Mortgage Data
Review & Overview
Malaga Bank F.s.b is a smaller bank specializing in Refi and Home Purchase loans. Malaga Bank F.s.b has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, and Riverside among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Malaga Bank F.s.b has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
82Origination Dollar Volume (All Markets)
$115,640,000Top 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) | 80 | $114,180,000 | $1,427,250 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 82 | $115,640,000 | $1,410,244 | $0 | 0.00% |
For 2022, Malaga Bank F.s.b's most frequently originated type of loan was Conventional, with 82 originations.
Loan Reason
For 2022, Malaga Bank F.s.b's most frequently cited loan purpose was Refi, with 46 originations. The 2nd most popular reason was Home Purchase, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 82 | $115,640,000 | $1,410,244 | $0 | 0.00% |
For 2022, Malaga Bank F.s.b's most frequently cited loan duration was Other, with 82 originations.
Loan Sizing
2022 saw Malaga Bank F.s.b place emphasis on $1MM+ loans with 47 originations, totaling $93,975,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 1 | $705,000 | $705,000 | $0 | 0.00% |
Malaga Bank F.s.b lent most frequently to those with incomes in the $250k+ range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 82 | $115,640,000 | $1,410,244 | $0 | 0.00% |
Malaga Bank F.s.b lent most frequently to those with DTI ratios of Exempt%, with 82 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.58%
Malaga Bank F.s.b has a below average approval rate.
Pick Rate
Approvals leading to origination98.78%
Malaga Bank F.s.b has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 82 | $115,640,000 | $1,410,244 |