St Fin Corp Mortgage Rates, Fees & Info

LAGUNA HILLS, CA

LEI: 549300R0QZYJMOBCNI97

Tax ID: 30-0092197

1 stars - out of 5 stars, based on 23 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

St Fin Corp is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. St Fin Corp has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Los Angeles, Riverside, San Diego, Vallejo, and San Francisco among others. St Fin Corp has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. St Fin Corp is typically a high fee lendor.


Originations

527

Origination Dollar Volume (All Markets)

$204,845,000

Relative Rate

St Fin Corp's average 30 year fixed rate mortgage of loans were 3.08%.

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

This yields a difference of -0.07%.

Relative Fees

St Fin Corp's average total fees for a 30 year fixed rate mortgage are $10,574.

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) 264 $113,040,000 $428,182 $10,444 3.03%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 205 $68,605,000 $334,659 $9,997 3.04%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 16 $6,840,000 $427,500 $13,107 2.95%
VALLEJO, CA (FHA|USDA|VA) 6 $2,640,000 $440,000 $13,958 2.90%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $2,460,000 $615,000 $5,376 3.27%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $2,375,000 $475,000 $11,272 3.17%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,535,000 $511,667 $11,457 3.42%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,230,000 $307,500 $9,316 3.16%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $960,000 $480,000 $13,591 2.56%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $795,000 $265,000 $8,490 2.91%
CHICO, CA (FHA|USDA|VA) 2 $720,000 $360,000 $6,780 3.13%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $485,000 $485,000 $13,570 2.63%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $485,000 $485,000 $5,770 2.75%
MODESTO, CA (FHA|USDA|VA) 2 $480,000 $240,000 $4,904 2.50%
VISALIA, CA (FHA|USDA|VA) 2 $460,000 $230,000 $3,360 2.88%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $315,000 $315,000 $8,242 2.88%
STOCKTON, CA (FHA|USDA|VA) 1 $305,000 $305,000 $11,560 3.63%
REDDING, CA (FHA|USDA|VA) 1 $285,000 $285,000 $6,729 2.88%
SALINAS, CA (FHA|USDA|VA) 1 $235,000 $235,000 $7,620 2.99%
FRESNO, CA (FHA|USDA|VA) 1 $225,000 $225,000 $7,681 3.25%
EL CENTRO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $8,490 2.00%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $155,000 $155,000 $4,243 3.65%

St Fin Corp's top markets include Los Angeles, Riverside, San Diego, Vallejo, and San Francisco among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 450 $173,590,000 $385,756 $9,404 3.04%
FHA 62 $23,510,000 $379,194 $15,512 3.00%
VA 15 $7,745,000 $516,333 $13,755 2.72%

For the 2021 period, St Fin Corp's most frequently originated loan type of loans were Conventional, with 450 originations. Their 2nd most popular type is FHA, with 62 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 239 $89,285,000 $373,577 $10,468 3.11%
Refi 195 $70,705,000 $362,590 $8,590 2.93%
Home Purchase 93 $44,855,000 $482,312 $13,205 3.03%

For the 2021, St Fin Corp's most frequently cited loan purpose of loans were Cash Out Refi, with 239 originations. The 2nd most popular reason of loans were Refi, with 195 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 464 $185,820,000 $400,474 $10,574 3.08%
15 Year 28 $7,700,000 $275,000 $7,272 2.44%
20 Year 24 $7,200,000 $300,000 $8,849 2.85%
Other 8 $3,530,000 $441,250 $7,977 3.05%
10 Year 3 $595,000 $198,333 $5,116 2.42%

For the 2021, St Fin Corp's most frequently cited loan length of loans were 30 Year, with 464 originations. The 2nd most popular length of loans were 15 Year, with 28 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 367 $146,825,000 $400,068
$3k-4k 62 $18,500,000 $298,387
$1k-2k 50 $20,470,000 $409,400
$2k-3k 33 $12,645,000 $383,182
$<1k 6 $2,480,000 $413,333

$10,574 of loans were St Fin Corp's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 367 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 261 $101,195,000 $387,720
3-4% 207 $83,415,000 $402,971
<2.5% 55 $18,035,000 $327,909
4-5% 4 $2,200,000 $550,000

During 2021, St Fin Corp's average interest rate of loans were 3.08%, while their most frequently originated rate bucket of loans were 2.5-3%, with 261 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 270 $80,960,000 $299,852 $9,430 3.02%
$400k-600k 165 $78,985,000 $478,697 $11,417 3.05%
$600k-1MM 50 $36,380,000 $727,600 $13,678 3.11%
$100k-200k 37 $6,175,000 $166,892 $6,698 2.90%
$100,000 or less 3 $285,000 $95,000 $4,263 2.83%
$1MM+ 2 $2,060,000 $1,030,000 $15,936 4.25%

2021 saw St Fin Corp place emphasis on $200k-400k loans with 270 originations, totaling $80,960,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 126 $40,080,000 $318,095 $10,092 3.01%
$100k-150k 123 $53,485,000 $434,837 $10,495 3.09%
$75k-100k 120 $44,050,000 $367,083 $10,452 3.03%
$150k-250k 73 $36,435,000 $499,110 $9,534 3.04%
$50k or less 59 $16,435,000 $278,559 $9,524 2.95%
$250k+ 18 $10,940,000 $607,778 $13,207 2.96%

St Fin Corp lent most frequently to those with incomes in the $50k-75k range, with 126 originations. The second most popular income band? $100k-150k, with 123 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 72 $27,340,000 $379,722 $8,982 3.03%
30-36% 68 $26,130,000 $384,265 $9,075 3.04%
44% 40 $15,420,000 $385,500 $10,101 2.97%
43% 35 $15,105,000 $431,571 $11,026 3.06%
42% 33 $14,395,000 $436,212 $10,776 3.09%
50-60% 30 $11,380,000 $379,333 $14,667 2.91%
49% 25 $10,645,000 $425,800 $12,194 3.13%
47% 25 $9,945,000 $397,800 $10,106 3.01%
41% 25 $10,715,000 $428,600 $10,825 3.10%
38% 23 $8,335,000 $362,391 $10,332 3.02%
<20% 22 $6,680,000 $303,636 $7,953 2.90%
37% 22 $7,580,000 $344,545 $9,092 3.08%
45% 21 $8,905,000 $424,048 $9,769 2.98%
40% 19 $8,165,000 $429,737 $10,931 3.18%
46% 18 $6,210,000 $345,000 $11,368 3.03%
48% 16 $5,430,000 $339,375 $11,764 3.12%
39% 14 $5,230,000 $373,571 $10,279 2.91%
36% 11 $3,525,000 $320,455 $9,095 3.11%
>60% 1 $545,000 $545,000 $0 4.00%

St Fin Corp lent most frequently to those with DTI ratios of 20-30%, with 72 originations. The next most common DTI ratio? 30-36%, with 68 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 413 $158,125,000 $382,869 $10,227 3.03%
Black 53 $21,465,000 $405,000 $12,713 3.12%
Asian 45 $19,795,000 $439,889 $8,707 2.95%
Not provided 5 $1,535,000 $307,000 $7,314 3.28%
Native Hawaiian 5 $1,525,000 $305,000 $4,516 2.93%
Filipino 2 $1,190,000 $595,000 $6,895 3.44%
American Indian 3 $845,000 $281,667 $9,518 2.54%
Other Pacific Islander 1 $365,000 $365,000 $14,912 2.50%

Approval Rates

Total approvals of all applications
93.77%

St Fin Corp has an average approval rate.

Pick Rate

Approvals leading to origination
83.40%

St Fin Corp has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 527 $204,845,000 $388,700

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
527 $204,845,000 $388,700

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 67 $20,675,000 $308,582 $7,924 2.93%
40-60% 149 $53,365,000 $358,154 $9,755 2.95%
60-80% 196 $79,600,000 $406,122 $10,468 3.13%
80-100% 112 $50,260,000 $448,750 $11,884 3.03%
Over 100% 1 $475,000 $475,000 $22,081 2.50%
Under 20% 2 $470,000 $235,000 $6,979 2.56%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
SOUTHPOINT FINANCIAL SERVICES, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%