Augusta Financial Mortgage Rates, Fees & InfoSanta Clarita, CA
Tax ID: 95-4588714
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewAugusta Financial is a smaller mortgage company specializing in loans. Augusta Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, Oxnard, Riverside, Bakersfield, and San Francisco among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)
Augusta Financial 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. Augusta Financial 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.61%||3/24/23|
|30 Year Conventional Refi||7.12%||3/24/23|
|30 Year Cash-out Refi||6.57%||3/24/23|
|30 Year FHA Purchase||7.05%||3/24/23|
|30 Year FHA Refi||6.95%||3/24/23|
|30 Year VA Purchase||6.15%||3/24/23|
|30 Year VA Refi||5.88%||3/24/23|
|15 Year Conventional Purchase||6.07%||3/24/23|
|15 Year Conventional Refi||6.01%||3/24/23|
|15 Year Cash-out Refi||6.01%||3/24/23|
|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.|
Origination Dollar Volume (All Markets)$504,990,000
Augusta Financial's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.05%.
Relative Fees (Closing Costs)
Augusta Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,753.
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 $4,750.
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)||630||$355,390,000||$564,111||$10,926||4.83%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||179||$98,395,000||$549,693||$10,086||4.53%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||40||$17,230,000||$430,750||$9,310||4.77%|
|BAKERSFIELD, CA (FHA|USDA|VA)||36||$11,540,000||$320,556||$11,312||5.23%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||9||$4,225,000||$469,444||$9,073||4.46%|
|SALINAS, CA (FHA|USDA|VA)||4||$2,840,000||$710,000||$13,341||4.78%|
|SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA)||5||$2,535,000||$507,000||$12,413||5.00%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||4||$2,040,000||$510,000||$5,652||4.91%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||6||$1,960,000||$326,667||$7,056||5.27%|
|SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA)||3||$1,575,000||$525,000||$9,348||3.83%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||2||$1,570,000||$785,000||$13,854||4.94%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||3||$1,245,000||$415,000||$8,096||5.63%|
|FRESNO, CA (FHA|USDA|VA)||3||$1,235,000||$411,667||$11,248||5.08%|
|SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA)||2||$1,030,000||$515,000||$9,306||4.25%|
|LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA)||3||$775,000||$258,333||$6,122||5.33%|
|Eureka-Arcata, CA (FHA|USDA|VA)||1||$475,000||$475,000||$16,863||5.75%|
|HANFORD-CORCORAN, CA (FHA|USDA|VA)||1||$315,000||$315,000||$8,690||6.50%|
|MADERA, CA (FHA|USDA|VA)||1||$245,000||$245,000||$14,325||6.25%|
|Sonora, CA (FHA|USDA|VA)||1||$205,000||$205,000||$5,983||3.12%|
|TUCSON, AZ (FHA|USDA|VA)||1||$165,000||$165,000||$4,772||5.37%|
We use machine learning to identify the top lenders compared against AUGUSTA FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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For 2022, Augusta Financial's most frequently originated type of loan was Conventional, with 774 originations. Their 2nd most popular type was FHA, with 99 originations.
For 2022, Augusta Financial's most frequently cited loan purpose was Home Purchase, with 632 originations. The 2nd most popular reason was Cash Out Refi, with 159 originations.
For 2022, Augusta Financial's most frequently cited loan duration was 30 Year, with 906 originations. The 2nd most popular length was 15 Year, with 12 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Augusta Financial's average total fees were $10,753, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 398 originations.
During 2022, Augusta Financial's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 3-4%, with 272 originations.
2022 saw Augusta Financial place emphasis on $600k-1MM loans with 327 originations, totaling $242,195,000 in origination value.
Augusta Financial lent most frequently to those with incomes in the $150k-250k range, with 283 originations. The second most popular income band? $100k-150k, with 279 originations.
Applicant Debt to Income Ratio
Augusta Financial lent most frequently to those with DTI ratios of 30-36%, with 106 originations. The next most common DTI ratio? 20-30%, with 94 originations.
Approval RatesTotal approvals of all applications
Augusta Financial has an average approval rate.
Pick RateApprovals leading to origination
Augusta Financial has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|