Del Sur Corporation Mortgage Rates, Fees & Info

SAN FERNANDO, CA

LEI: 549300UEGARCJHF59B44

Tax ID: 95-4441070

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    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 an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Santa Maria, Oxnard, Riverside, and San Luis Obispo among others. We have data for 10 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.81% 11/21/24
    30 Year Conventional Refi 6.64% 11/21/24
    30 Year Cash-out Refi 6.32% 11/21/24
    30 Year FHA Purchase 7.40% 11/21/24
    30 Year VA Purchase 6.47% 11/21/24
    15 Year Conventional Refi 6.16% 11/21/24
    15 Year Cash-out Refi 6.16% 11/21/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Del Sur Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    79

    Origination Dollar Volume (All Markets)

    $35,985,000

    Awards

    DEL SUR CORPORATION FHA Loans gold
    Show all (1) awards

    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) 34 $16,110,000 $473,824 $8,959 4.53%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 22 $9,720,000 $441,818 $12,960 4.35%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $3,800,000 $633,333 $14,288 4.33%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $3,545,000 $506,429 $10,708 4.36%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,000,000 $500,000 $15,670 4.69%
    FRESNO, CA (FHA|USDA|VA) 3 $905,000 $301,667 $9,258 6.08%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $285,000 $285,000 $6,799 6.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $220,000 $110,000 $4,204 6.88%
    MERCED, CA (FHA|USDA|VA) 1 $205,000 $205,000 $4,468 5.25%
    VISALIA, CA (FHA|USDA|VA) 1 $195,000 $195,000 $7,607 7.13%
    Del Sur Corporation's top markets include Los Angeles, Santa Maria, Oxnard, Riverside, and San Luis Obispo among others.

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

    • 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.

    Los Angeles Federal Credit Union
    Similarity Rank: 112
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 236
    COASTHILLS
    Similarity Rank: 240
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 324
    SESLOC
    Similarity Rank: 392
    LBS FINANCIAL
    Similarity Rank: 707
    First City Credit Union
    Similarity Rank: 720
    Water and Power Community Credit Union
    Similarity Rank: 721
    VENTURA COUNTY
    Similarity Rank: 882
    Sterling Bank and Trust, FSB
    Similarity Rank: 920

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 65 $28,675,000 $441,154 $8,751 4.70%
    FHA 13 $6,515,000 $501,154 $17,693 4.48%
    VA 1 $795,000 $795,000 $33,281 3.38%

    For 2022, Del Sur Corporation's most frequently originated type of loan was Conventional, with 65 originations. Their 2nd most popular type was FHA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 46 $23,780,000 $516,957 $13,029 4.82%
    Refi 25 $9,655,000 $386,200 $7,494 4.31%
    Cash Out Refi 8 $2,550,000 $318,750 $6,053 4.72%

    For 2022, Del Sur Corporation's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 76 $35,260,000 $463,947 $10,736 4.69%
    20 Year 2 $590,000 $295,000 $7,706 3.88%
    15 Year 1 $135,000 $135,000 $4,712 2.50%

    For 2022, Del Sur Corporation's most frequently cited loan duration was 30 Year, with 76 originations. The 2nd most popular length was 20 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 44 $22,560,000 $512,727
    $1k-2k 9 $4,655,000 $517,222
    $3k-4k 8 $2,730,000 $341,250
    $2k-3k 6 $950,000 $158,333
    $<1k 5 $2,595,000 $519,000
    $4k-5k 5 $1,845,000 $369,000

    Del Sur Corporation's average total fees were $10,736, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 44 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 26 $11,780,000 $453,077
    4-5% 24 $12,430,000 $517,917
    5-6% 17 $8,645,000 $508,529
    6-7% 7 $2,165,000 $309,286
    7-8% 3 $485,000 $161,667
    2.5-3% 1 $345,000 $345,000
    <2.5% 1 $135,000 $135,000

    During 2022, Del Sur Corporation's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 3-4%, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 37 $17,995,000 $486,351 $10,534 4.56%
    $200k-400k 20 $6,340,000 $317,000 $8,316 4.58%
    $600k-1MM 14 $10,400,000 $742,857 $16,732 4.46%
    $100k-200k 7 $1,155,000 $165,000 $5,115 5.36%
    $100,000 or less 1 $95,000 $95,000 $4,127 6.63%

    2022 saw Del Sur Corporation place emphasis on $400k-600k loans with 37 originations, totaling $17,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $13,680,000 $427,500 $10,185 5.07%
    $75k-100k 14 $5,160,000 $368,571 $9,398 4.31%
    $50k-75k 11 $3,875,000 $352,273 $8,331 4.32%
    $150k-250k 10 $6,470,000 $647,000 $12,390 4.49%
    $250k+ 10 $6,470,000 $647,000 $15,786 4.56%
    $50k or less 2 $330,000 $165,000 $4,447 3.13%

    Del Sur Corporation lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $75k-100k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 11 $5,735,000 $521,364 $10,675 4.81%
    50-60% 10 $5,170,000 $517,000 $17,564 4.73%
    45% 7 $2,075,000 $296,429 $6,129 5.77%
    44% 6 $2,620,000 $436,667 $7,714 4.56%
    20-30% 5 $2,855,000 $571,000 $11,076 4.85%
    41% 5 $2,255,000 $451,000 $11,771 4.20%
    48% 4 $2,040,000 $510,000 $9,795 4.34%
    36% 4 $1,440,000 $360,000 $5,384 4.22%
    38% 4 $1,920,000 $480,000 $13,148 4.50%
    39% 4 $2,090,000 $522,500 $16,117 4.25%
    42% 3 $1,805,000 $601,667 $7,944 3.96%
    40% 3 $925,000 $308,333 $8,242 3.71%
    43% 3 $1,035,000 $345,000 $11,662 4.50%
    46% 3 $785,000 $261,667 $7,265 4.33%
    49% 3 $1,265,000 $421,667 $9,303 5.71%
    <20% 2 $970,000 $485,000 $7,853 3.94%
    37% 1 $485,000 $485,000 $5,443 5.63%
    47% 1 $515,000 $515,000 $4,320 4.38%

    Del Sur Corporation lent most frequently to those with DTI ratios of 30-36%, with 11 originations. The next most common DTI ratio? 50-60%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $32,185,000 $466,449 $10,703 4.59%
    Asian 8 $2,900,000 $362,500 $9,286 5.42%
    Not provided 1 $555,000 $555,000 $19,292 4.13%
    Black 1 $345,000 $345,000 $2,504 3.00%

    Approval Rates

    Total approvals of all applications
    95.79%

    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 origination
    84.81%

    Del Sur Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 79 $35,985,000 $455,506

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    79 $35,985,000 $455,506

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $585,000 $195,000 $4,632 3.58%
    40-60% 9 $3,495,000 $388,333 $7,061 4.08%
    60-80% 34 $13,420,000 $394,706 $8,322 4.85%
    80-100% 32 $17,690,000 $552,813 $13,846 4.72%
    Over 100% 1 $795,000 $795,000 $33,281 3.38%