Malaga Bank F.s.b Mortgage Rates, Fees & Info
Palos Verdes Estates, CALEI: 549300PTYDNRSYG5A828
Tax ID: 33-0011033
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Malaga Bank F.s.b is a smaller bank specializing in Home Purchase and Refi 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 Santa Maria 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 above 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
67Origination Dollar Volume (All Markets)
$73,245,000Top 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) | 62 | $65,330,000 | $1,053,710 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $6,610,000 | $1,652,500 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $73,245,000 | $1,093,209 | $0 | 0.00% |
For 2024, Malaga Bank F.s.b's most frequently originated type of loan was Conventional, with 67 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 40 | $47,060,000 | $1,176,500 | $0 | 0.00% |
| Refi | 26 | $25,760,000 | $990,769 | $0 | 0.00% |
| Home Improvement | 1 | $425,000 | $425,000 | $0 | 0.00% |
For 2024, Malaga Bank F.s.b's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 67 | $73,245,000 | $1,093,209 | $0 | 0.00% |
For 2024, Malaga Bank F.s.b's most frequently cited loan duration was Other, with 67 originations.
Loan Sizing
2024 saw Malaga Bank F.s.b place emphasis on $1MM+ loans with 34 originations, totaling $50,730,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 1 | $475,000 | $475,000 | $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% | 67 | $73,245,000 | $1,093,209 | $0 | 0.00% |
Malaga Bank F.s.b lent most frequently to those with DTI ratios of Exempt%, with 67 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.41%
Malaga Bank F.s.b has an average approval rate.
Pick Rate
Approvals leading to origination94.03%
Malaga Bank F.s.b has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 67 | $73,245,000 | $1,093,209 |