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 small mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Augusta Financial has a high proportion of conventional 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 San Diego among others. We have data for 22 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 an average 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,490Origination Dollar Volume (All Markets)
$1,143,540,000Top 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) | 1,955 | $913,995,000 | $467,517 | $6,054 | 3.01% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 286 | $137,220,000 | $479,790 | $6,134 | 3.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 73 | $26,235,000 | $359,384 | $5,126 | 3.04% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 67 | $19,575,000 | $292,164 | $6,773 | 3.06% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 30 | $12,000,000 | $400,000 | $5,050 | 3.09% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 13 | $5,745,000 | $441,923 | $7,115 | 2.96% |
| SALINAS, CA (FHA|USDA|VA) | 10 | $5,190,000 | $519,000 | $4,992 | 2.65% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 8 | $4,560,000 | $570,000 | $7,487 | 3.20% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $4,005,000 | $572,143 | $7,849 | 3.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 9 | $3,555,000 | $395,000 | $6,946 | 2.88% |
| Outside of Metro Areas | 6 | $2,500,000 | $416,667 | $4,658 | 3.02% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 6 | $1,940,000 | $323,333 | $6,016 | 3.10% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,530,000 | $765,000 | $19,222 | 2.88% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $1,455,000 | $291,000 | $3,979 | 2.70% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $4,180 | 2.92% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,280 | 2.94% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,365 | 3.06% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,013 | 2.88% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,359 | 2.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,482 | 3.63% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,510 | 2.88% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,864 | 2.50% |
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 2021, Augusta Financial's most frequently originated type of loan was Conventional, with 2,257 originations. Their 2nd most popular type was VA, with 120 originations.
Loan Reason
For 2021, Augusta Financial's most frequently cited loan purpose was Refi, with 1,102 originations. The 2nd most popular reason was Home Purchase, with 748 originations.
Loan Duration/Length
For 2021, Augusta Financial's most frequently cited loan duration was 30 Year, with 2,238 originations. The 2nd most popular length was 15 Year, with 143 originations.
Origination Fees/Closing Costs
Augusta Financial's average total fees were $6,265, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,953 originations.
Interest Rates
During 2021, Augusta Financial's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,254 originations.
Loan Sizing
2021 saw Augusta Financial place emphasis on $400k-600k loans with 1,014 originations, totaling $496,320,000 in origination value.
Applicant Income
Augusta Financial lent most frequently to those with incomes in the $100k-150k range, with 773 originations. The second most popular income band? $150k-250k, with 687 originations.
Applicant Debt to Income Ratio
Augusta Financial lent most frequently to those with DTI ratios of 20-30%, with 484 originations. The next most common DTI ratio? 30-36%, with 444 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.81%
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 origination78.51%
Augusta Financial has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2015.0 | 1 | $515,000 | $515,000 |
| 2330.0 | 1 | $385,000 | $385,000 |
| 2440.0 | 1 | $395,000 | $395,000 |
| 3938.0 | 1 | $1,055,000 | $1,055,000 |
| 4376.25 | 1 | $455,000 | $455,000 |
| 4830.0 | 1 | $295,000 | $295,000 |
| 5225.0 | 1 | $335,000 | $335,000 |
| 6666.0 | 1 | $405,000 | $405,000 |
| NA | 2,482 | $1,139,700,000 | $459,186 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,490 | $1,143,540,000 | $459,253 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Augusta Financial, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |