Del Sur Corporation Mortgage Rates, Fees & Info
SAN FERNANDO, CALEI: 549300UEGARCJHF59B44
Tax ID: 95-4441070
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Mortgage Data
Review & Overview
Del Sur Corporation is a smaller mortgage company specializing in Home Purchase loans. Del Sur Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Santa Maria, Oxnard, and Riverside among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Del Sur Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Del Sur Corporation is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.81% | 11/17/24 |
| 30 Year Conventional Refi | 6.64% | 11/17/24 |
| 30 Year Cash-out Refi | 6.32% | 11/17/24 |
| 30 Year FHA Purchase | 7.40% | 11/17/24 |
| 30 Year VA Purchase | 6.47% | 11/17/24 |
| 15 Year Conventional Refi | 6.16% | 11/17/24 |
| 15 Year Cash-out Refi | 6.16% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Del Sur Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
21Origination Dollar Volume (All Markets)
$10,345,000Relative Rate
Del Sur Corporation's average 30 year fixed mortgage rate was
6.51%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.03%.
Relative Fees (Closing Costs)
Del Sur Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $14,641.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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) | 14 | $7,170,000 | $512,143 | $13,993 | 6.51% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $15,775 | 6.96% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $19,830 | 5.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $12,284 | 6.44% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against DEL SUR CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 14 | $6,690,000 | $477,857 | $11,431 | 6.80% |
| FHA | 7 | $3,655,000 | $522,143 | $21,059 | 5.91% |
For 2023, Del Sur Corporation's most frequently originated type of loan was Conventional, with 14 originations. Their 2nd most popular type was FHA, with 7 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 20 | $10,070,000 | $503,500 | $15,018 | 6.48% |
| Cash Out Refi | 1 | $275,000 | $275,000 | $7,086 | 7.13% |
For 2023, Del Sur Corporation's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 21 | $10,345,000 | $492,619 | $14,641 | 6.51% |
For 2023, Del Sur Corporation's most frequently cited loan duration was 30 Year, with 21 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 16 | $8,390,000 | $524,375 |
| $1k-2k | 2 | $700,000 | $350,000 |
| $4k-5k | 2 | $600,000 | $300,000 |
| $3k-4k | 1 | $655,000 | $655,000 |
Del Sur Corporation's average total fees were $14,641, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 16 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 13 | $6,835,000 | $525,769 |
| 5-6% | 5 | $2,505,000 | $501,000 |
| 7-8% | 3 | $1,005,000 | $335,000 |
During 2023, Del Sur Corporation's average interest rate for loans was 6.51%, while their most frequently originated rate bucket for loans was 6-7%, with 13 originations.
Loan Sizing
2023 saw Del Sur Corporation place emphasis on $400k-600k loans with 9 originations, totaling $4,435,000 in origination value.
Applicant Income
Del Sur Corporation lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $75k-100k, with 4 originations.
Applicant Debt to Income Ratio
Del Sur Corporation lent most frequently to those with DTI ratios of 50-60%, with 5 originations. The next most common DTI ratio? 20-30%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 21 | $10,345,000 | $492,619 | $14,641 | 6.51% |
Approval Rates
Total approvals of all applications96.00%
Del Sur Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.71%
Del Sur Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 21 | $10,345,000 | $492,619 |