Augusta Financial Mortgage Rates, Fees & Info
Santa Clarita, CALEI: 549300XBOKNEE2CQJL92
Tax ID: 95-4588714
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Mortgage Data
Review & Overview
Augusta Financial is a smaller mortgage company specializing in Home Purchase and Cash Out Refi 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.) Their top markets by origination volume include: Los Angeles, Oxnard, Riverside, Bakersfield, and Salinas among others. We have data for 18 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.61% | 12/16/24 |
| 30 Year Conventional Refi | 7.12% | 12/16/24 |
| 30 Year Cash-out Refi | 6.57% | 12/16/24 |
| 30 Year FHA Purchase | 7.05% | 12/16/24 |
| 30 Year FHA Refi | 6.95% | 12/16/24 |
| 30 Year VA Purchase | 6.15% | 12/16/24 |
| 30 Year VA Refi | 5.88% | 12/16/24 |
| 15 Year Conventional Purchase | 6.07% | 12/16/24 |
| 15 Year Conventional Refi | 6.01% | 12/16/24 |
| 15 Year Cash-out Refi | 6.01% | 12/16/24 |
| 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. | ||
Augusta Financial Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
889Origination Dollar Volume (All Markets)
$363,645,000Top 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) | 752 | $315,920,000 | $420,106 | $9,749 | 4.82% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 39 | $17,585,000 | $450,897 | $5,052 | 4.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 33 | $9,405,000 | $285,000 | $7,524 | 4.81% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 30 | $6,890,000 | $229,667 | $7,129 | 4.82% |
| SALINAS, CA (FHA|USDA|VA) | 8 | $2,900,000 | $362,500 | $1,935 | 4.74% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 7 | $1,985,000 | $283,571 | $6,161 | 5.07% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,630,000 | $815,000 | $0 | 4.50% |
| Outside of Metro Areas | 4 | $1,520,000 | $380,000 | $0 | 4.50% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $0 | 4.47% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $0 | 4.38% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 4.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,036 | 4.38% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 5.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 4.88% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 4.75% |
| MERCED, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 5.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 4.75% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.25% |
Their top states include:
Similar Lenders
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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Product Mix
For 2018, Augusta Financial's most frequently originated type of loan was Conventional, with 640 originations. Their 2nd most popular type was FHA, with 181 originations.
Loan Reason
For 2018, Augusta Financial's most frequently cited loan purpose was Home Purchase, with 592 originations. The 2nd most popular reason was Cash Out Refi, with 216 originations.
Loan Duration/Length
For 2018, Augusta Financial's most frequently cited loan duration was 30 Year, with 836 originations. The 2nd most popular length was Other, with 31 originations.
Origination Fees/Closing Costs
Augusta Financial's average total fees were $9,875, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 602 originations.
Interest Rates
During 2018, Augusta Financial's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 4-5%, with 610 originations.
Loan Sizing
2018 saw Augusta Financial place emphasis on $200k-400k loans with 381 originations, totaling $115,575,000 in origination value.
Applicant Income
Augusta Financial lent most frequently to those with incomes in the $100k-150k range, with 278 originations. The second most popular income band? $150k-250k, with 201 originations.
Applicant Debt to Income Ratio
Augusta Financial lent most frequently to those with DTI ratios of 50-60%, with 112 originations. The next most common DTI ratio? 30-36%, with 104 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.01%
Augusta Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.83%
Augusta Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 889 | $363,645,000 | $409,049 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $1,805,000 | $361,000 |
| Single Family (1-4 Units):Site-Built | 884 | $361,840,000 | $409,321 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ASSOCIATED BANC-CORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| ASSOCIATED BANC-CORP | Conventional home mortgage | Trouble during payment process | 7 | 63.6% |
| ASSOCIATED BANC-CORP | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| ASSOCIATED BANC-CORP | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 9.1% |
| ASSOCIATED BANC-CORP | Other type of mortgage | Trouble during payment process | 1 | 9.1% |