Malaga Bank F.s.b Mortgage Rates, Fees & Info

Palos Verdes Estates, CA

LEI: 549300PTYDNRSYG5A828

Tax ID: 33-0011033

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

    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

    82

    Origination Dollar Volume (All Markets)

    $115,640,000

    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
    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%
    Malaga Bank F.s.b's top markets include Los Angeles, San Diego, and Riverside among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 46 $68,940,000 $1,498,696 $0 0.00%
    Home Purchase 33 $45,405,000 $1,375,909 $0 0.00%
    Home Improvement 3 $1,295,000 $431,667 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 47 $93,975,000 $1,999,468 $0 0.00%
    $600k-1MM 19 $14,905,000 $784,474 $0 0.00%
    $400k-600k 11 $5,575,000 $506,818 $0 0.00%
    $200k-400k 3 $885,000 $295,000 $0 0.00%
    $100k-200k 2 $300,000 $150,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 77 $111,785,000 $1,451,753 $0 0.00%
    White 3 $2,715,000 $905,000 $0 0.00%
    Not provided 2 $1,140,000 $570,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.58%

    Malaga Bank F.s.b has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    98.78%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    82 $115,640,000 $1,410,244