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 and Refi 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, Riverside, San Luis Obispo, and Oxnard among others. We have data for 9 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 an average 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 about average 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.64% | 4/21/24 |
| 30 Year Cash-out Refi | 6.32% | 4/21/24 |
| 30 Year FHA Purchase | 7.40% | 4/21/24 |
| 30 Year VA Purchase | 6.47% | 4/21/24 |
| 15 Year Conventional Refi | 6.16% | 4/21/24 |
| 15 Year Cash-out Refi | 6.16% | 4/21/24 |
| 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
183Origination Dollar Volume (All Markets)
$66,655,000Top 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) | 98 | $36,160,000 | $368,980 | $6,871 | 4.30% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 62 | $21,820,000 | $351,935 | $9,250 | 4.23% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $3,795,000 | $345,000 | $6,205 | 4.32% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $2,040,000 | $510,000 | $6,434 | 4.22% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $1,830,000 | $457,500 | $6,151 | 3.84% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,342 | 3.75% |
| Outside of Metro Areas | 1 | $205,000 | $205,000 | $3,905 | 3.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,003 | 4.50% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,021 | 5.38% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 113 | $39,385,000 | $348,540 | $4,964 | 4.38% |
| FHA | 63 | $24,445,000 | $388,016 | $12,419 | 4.11% |
| VA | 7 | $2,825,000 | $403,571 | $5,647 | 3.84% |
For 2019, Del Sur Corporation's most frequently originated type of loan was Conventional, with 113 originations. Their 2nd most popular type was FHA, with 63 originations.
Loan Reason
For 2019, Del Sur Corporation's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 43 originations.
Loan Duration/Length
For 2019, Del Sur Corporation's most frequently cited loan duration was 30 Year, with 174 originations. The 2nd most popular length was 15 Year, with 8 originations.
Origination Fees/Closing Costs
Del Sur Corporation's average total fees were $7,721, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 67 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 81 | $28,365,000 | $350,185 |
| 3-4% | 80 | $30,170,000 | $377,125 |
| 5-6% | 22 | $8,120,000 | $369,091 |
During 2019, Del Sur Corporation's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 4-5%, with 81 originations.
Loan Sizing
2019 saw Del Sur Corporation place emphasis on $200k-400k loans with 92 originations, totaling $28,570,000 in origination value.
Applicant Income
Del Sur Corporation lent most frequently to those with incomes in the $50k-75k range, with 50 originations. The second most popular income band? $75k-100k, with 50 originations.
Applicant Debt to Income Ratio
Del Sur Corporation lent most frequently to those with DTI ratios of <20%, with 30 originations. The next most common DTI ratio? 50-60%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.11%
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 origination83.06%
Del Sur Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 183 | $66,655,000 | $364,235 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 183 | $66,655,000 | $364,235 |