Augusta Financial Mortgage Rates, Fees & Info

Santa Clarita, CA

LEI: 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.

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

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.61% 3/24/24
30 Year Conventional Refi 7.12% 3/24/24
30 Year Cash-out Refi 6.57% 3/24/24
30 Year FHA Purchase 7.05% 3/24/24
30 Year FHA Refi 6.95% 3/24/24
30 Year VA Purchase 6.15% 3/24/24
30 Year VA Refi 5.88% 3/24/24
15 Year Conventional Purchase 6.07% 3/24/24
15 Year Conventional Refi 6.01% 3/24/24
15 Year Cash-out Refi 6.01% 3/24/24
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

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

This is not an official calculator from Augusta Financial. 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

889

Origination Dollar Volume (All Markets)

$363,645,000

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) 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%
Augusta Financial's top markets include Los Angeles, Oxnard, Riverside, Bakersfield, and Salinas among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 640 $257,440,000 $402,250 $5,339 4.91%
    FHA 181 $74,885,000 $413,729 $10,445 4.60%
    VA 64 $30,220,000 $472,188 $11,746 4.45%
    FHA 4 $1,100,000 $275,000 $0 5.18%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 592 $255,940,000 $432,331 $9,840 4.77%
    Cash Out Refi 216 $75,510,000 $349,583 $8,448 4.96%
    Refi 81 $32,195,000 $397,469 $3,537 4.75%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 836 $348,400,000 $416,746 $9,875 4.81%
    Other 31 $9,175,000 $295,968 $4,988 5.26%
    15 Year 18 $4,810,000 $267,222 $0 4.22%
    20 Year 4 $1,260,000 $315,000 $3,685 4.69%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 602 $247,990,000 $411,944
    $5k+ 109 $53,515,000 $490,963
    $2k-3k 71 $22,295,000 $314,014
    $3k-4k 41 $15,405,000 $375,732
    $4k-5k 28 $10,880,000 $388,571
    $<1k 2 $780,000 $390,000

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 610 $260,110,000 $426,410
    5-6% 221 $81,615,000 $369,299
    3-4% 51 $19,735,000 $386,961
    6-7% 5 $1,805,000 $361,000
    2.5-3% 1 $105,000 $105,000
    7-8% 1 $275,000 $275,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 381 $115,575,000 $303,346 $7,643 4.81%
    $400k-600k 314 $152,370,000 $485,255 $10,351 4.76%
    $600k-1MM 103 $70,135,000 $680,922 $13,255 4.80%
    $100k-200k 69 $10,605,000 $153,696 $3,232 5.00%
    $100,000 or less 12 $970,000 $80,833 $2,753 5.13%
    $1MM+ 10 $13,990,000 $1,399,000 $15,240 4.64%

    2018 saw Augusta Financial place emphasis on $200k-400k loans with 381 originations, totaling $115,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 278 $119,790,000 $430,899 $10,985 4.77%
    $150k-250k 201 $97,665,000 $485,896 $9,697 4.85%
    $75k-100k 164 $56,730,000 $345,915 $6,173 4.80%
    $50k-75k 118 $31,390,000 $266,017 $7,934 4.73%
    $250k+ 68 $42,360,000 $622,941 $9,462 4.86%
    $50k or less 57 $14,105,000 $247,456 $6,875 4.89%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 112 $47,570,000 $424,732 $10,306 4.66%
    30-36% 104 $46,260,000 $444,808 $7,324 4.82%
    20-30% 99 $36,425,000 $367,929 $7,128 4.78%
    49% 53 $21,505,000 $405,755 $4,717 4.82%
    46% 50 $18,570,000 $371,400 $13,298 4.83%
    47% 50 $20,590,000 $411,800 $8,836 4.84%
    44% 48 $19,200,000 $400,000 $8,164 4.80%
    48% 45 $16,825,000 $373,889 $6,335 4.81%
    45% 45 $18,145,000 $403,222 $9,826 4.74%
    43% 43 $17,065,000 $396,860 $10,907 4.92%
    <20% 39 $14,915,000 $382,436 $4,619 5.10%
    42% 35 $16,325,000 $466,429 $13,521 4.75%
    38% 33 $13,595,000 $411,970 $8,886 4.71%
    41% 26 $12,600,000 $484,615 $12,877 4.82%
    40% 23 $8,845,000 $384,565 $9,894 4.68%
    39% 23 $9,715,000 $422,391 $27,273 4.84%
    37% 22 $8,270,000 $375,909 $13,225 4.69%
    >60% 18 $7,650,000 $425,000 $7,060 5.21%
    36% 16 $7,410,000 $463,125 $10,401 4.80%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 458 $179,050,000 $390,939 $8,827 4.81%
    Not provided 386 $166,760,000 $432,021 $9,394 4.81%
    Asian 21 $8,875,000 $422,619 $6,299 4.79%
    Black 16 $6,200,000 $387,500 $12,425 4.85%
    American Indian 6 $1,890,000 $315,000 $4,286 4.71%
    Native Hawaiian or Islander 2 $870,000 $435,000 $0 4.69%

    Approval Rates

    Total approvals of all applications
    99.01%

    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 origination
    76.83%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $12,155,000 $221,000 $4,687 4.92%
    40-60% 118 $42,840,000 $363,051 $5,385 4.72%
    60-80% 298 $126,040,000 $422,953 $7,038 4.93%
    80-100% 390 $173,110,000 $443,872 $8,970 4.73%
    Over 100% 18 $8,540,000 $474,444 $17,996 4.44%
    Under 20% 10 $960,000 $96,000 $2,623 5.50%

    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%