Del Sur Corporation Mortgage Rates, Fees & Info

SAN FERNANDO, CA

LEI: 549300UEGARCJHF59B44

Tax ID: 95-4441070

Latest/2024 | 2023 Data | 2022 Data | 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
  • 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 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 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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    Originations

    21

    Origination Dollar Volume (All Markets)

    $10,345,000

    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) 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%
    Del Sur Corporation's top markets include Los Angeles, Santa Maria, Oxnard, and Riverside 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.

    COASTHILLS
    Similarity Rank: 45
    Los Angeles Federal Credit Union
    Similarity Rank: 72
    LBS FINANCIAL
    Similarity Rank: 258
    Water and Power Community Credit Union
    Similarity Rank: 261
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    ALTURA
    Similarity Rank: 384
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 504
    LA Financial Federal Credit Union
    Similarity Rank: 660
    I.L.W.U. CREDIT UNION
    Similarity Rank: 680

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 9 $4,435,000 $492,778 $14,439 6.56%
    $200k-400k 7 $2,235,000 $319,286 $8,845 6.68%
    $600k-1MM 4 $2,590,000 $647,500 $21,960 6.09%
    $1MM+ 1 $1,085,000 $1,085,000 $27,748 6.50%

    2023 saw Del Sur Corporation place emphasis on $400k-600k loans with 9 originations, totaling $4,435,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $4,775,000 $530,556 $17,408 6.35%
    $75k-100k 4 $1,410,000 $352,500 $10,644 6.16%
    $150k-250k 3 $1,745,000 $581,667 $12,380 6.88%
    $250k+ 3 $1,865,000 $621,667 $18,560 6.88%
    $50k-75k 2 $550,000 $275,000 $7,691 6.81%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 5 $2,445,000 $489,000 $19,684 5.90%
    20-30% 3 $1,105,000 $368,333 $12,102 7.25%
    49% 3 $1,735,000 $578,333 $16,699 6.00%
    46% 2 $980,000 $490,000 $15,975 6.69%
    43% 2 $840,000 $420,000 $10,166 7.06%
    41% 2 $1,360,000 $680,000 $18,023 6.50%
    36% 1 $645,000 $645,000 $12,193 6.88%
    48% 1 $375,000 $375,000 $5,291 6.63%
    42% 1 $325,000 $325,000 $5,115 6.63%
    30-36% 1 $535,000 $535,000 $11,702 6.75%

    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 applications
    96.00%

    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 origination
    85.71%

    Del Sur Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 21 $10,345,000 $492,619

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    21 $10,345,000 $492,619

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 1 $275,000 $275,000 $8,297 6.50%
    60-80% 5 $2,625,000 $525,000 $13,957 7.10%
    80-100% 15 $7,445,000 $496,333 $15,291 6.31%