Augusta Financial Mortgage Rates, Fees & Info

Santa Clarita, CA

LEI: 549300XBOKNEE2CQJL92

Tax ID: 95-4588714

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Augusta Financial is a smaller mortgage company specializing in Home Purchase 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.

    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% 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

    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

    934

    Origination Dollar Volume (All Markets)

    $504,990,000

    Awards

    AUGUSTA FINANCIAL FHA Loans silver AUGUSTA FINANCIAL FHA Loans silver
    Show all (2) awards

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

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

    • 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.

    MISSION
    Similarity Rank: 30
    AltaOne Federal Credit Union
    Similarity Rank: 49
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 54
    SAFE 1 CREDIT UNION
    Similarity Rank: 57
    STRATA Credit Union
    Similarity Rank: 222
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 236
    Los Angeles Federal Credit Union
    Similarity Rank: 248
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 429
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 648
    MYPOINT Credit Union
    Similarity Rank: 705

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 774 $413,610,000 $534,380 $9,220 4.85%
    FHA 99 $52,275,000 $528,030 $17,963 4.57%
    VA 55 $36,305,000 $660,091 $16,206 4.45%
    Reverse Mortgage 2 $540,000 $270,000 $0 3.69%
    FHA 2 $940,000 $470,000 $0 3.53%
    FHA 2 $1,320,000 $660,000 $0 3.08%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 632 $366,990,000 $580,680 $12,015 4.97%
    Cash Out Refi 159 $78,215,000 $491,918 $7,886 4.22%
    Refi 116 $49,930,000 $430,431 $6,596 4.57%
    Home Improvement 27 $9,855,000 $365,000 $7,139 4.89%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 906 $495,310,000 $546,700 $10,753 4.81%
    15 Year 12 $4,370,000 $364,167 $5,589 3.79%
    Other 7 $3,185,000 $455,000 $4,020 3.35%
    20 Year 6 $1,530,000 $255,000 $5,709 4.29%
    10 Year 2 $410,000 $205,000 $4,008 3.81%
    3 Year 1 $185,000 $185,000 $0 8.99%

    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
    $1k-2k 398 $209,930,000 $527,462
    $5k+ 373 $227,985,000 $611,220
    $3k-4k 66 $26,850,000 $406,818
    $4k-5k 58 $24,280,000 $418,621
    $2k-3k 27 $10,835,000 $401,296
    $<1k 1 $355,000 $355,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 272 $147,720,000 $543,088
    4-5% 261 $146,845,000 $562,625
    5-6% 226 $120,460,000 $533,009
    6-7% 111 $57,615,000 $519,054
    2.5-3% 31 $15,355,000 $495,323
    7-8% 26 $13,850,000 $532,692
    <2.5% 4 $2,160,000 $540,000
    Over 8% 3 $985,000 $328,333

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 327 $242,195,000 $740,657 $13,339 4.75%
    $400k-600k 305 $151,845,000 $497,852 $9,713 4.77%
    $200k-400k 232 $71,710,000 $309,095 $7,706 4.83%
    $100k-200k 41 $6,355,000 $155,000 $5,124 4.85%
    $1MM+ 26 $32,620,000 $1,254,615 $19,313 4.84%
    $100,000 or less 3 $265,000 $88,333 $4,416 6.53%

    2022 saw Augusta Financial place emphasis on $600k-1MM loans with 327 originations, totaling $242,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 283 $176,655,000 $624,223 $11,259 4.92%
    $100k-150k 279 $141,785,000 $508,190 $10,654 4.60%
    $250k+ 132 $97,390,000 $737,803 $12,840 5.10%
    $75k-100k 124 $49,920,000 $402,581 $9,621 4.69%
    $50k-75k 75 $23,695,000 $315,933 $7,397 4.50%
    $50k or less 28 $9,730,000 $347,500 $4,448 4.88%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 106 $58,280,000 $549,811 $9,776 4.82%
    20-30% 94 $45,430,000 $483,298 $7,773 4.51%
    49% 72 $40,390,000 $560,972 $11,507 5.01%
    50-60% 70 $39,490,000 $564,143 $19,097 4.54%
    44% 56 $33,780,000 $603,214 $10,537 4.93%
    48% 54 $28,840,000 $534,074 $9,679 4.82%
    43% 51 $31,785,000 $623,235 $10,214 4.66%
    47% 45 $24,375,000 $541,667 $10,147 4.91%
    46% 42 $19,790,000 $471,190 $8,896 4.37%
    45% 41 $22,265,000 $543,049 $11,873 4.82%
    42% 40 $24,430,000 $610,750 $12,403 4.73%
    41% 40 $21,150,000 $528,750 $9,748 4.87%
    40% 35 $19,295,000 $551,286 $9,491 5.02%
    39% 34 $19,560,000 $575,294 $12,084 4.93%
    38% 32 $19,830,000 $619,688 $11,072 4.95%
    <20% 31 $10,795,000 $348,226 $7,115 4.46%
    37% 30 $14,400,000 $480,000 $8,379 4.61%
    36% 26 $12,690,000 $488,077 $7,437 4.99%
    >60% 21 $12,395,000 $590,238 $12,674 5.28%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 483 $262,435,000 $543,344 $11,346 4.79%
    White 392 $210,580,000 $537,194 $9,776 4.75%
    Asian 37 $19,845,000 $536,351 $9,307 5.08%
    Black 14 $6,990,000 $499,286 $12,448 4.65%
    American Indian 3 $1,865,000 $621,667 $9,083 5.37%
    Not applicable 1 $975,000 $975,000 $18,648 5.75%
    Asian Indian 1 $885,000 $885,000 $12,539 4.50%
    Vietnamese 1 $645,000 $645,000 $4,970 4.38%
    Filipino 1 $515,000 $515,000 $19,334 4.99%
    Native Hawaiian or Islander 1 $255,000 $255,000 $7,469 3.75%

    Approval Rates

    Total approvals of all applications
    92.49%

    Augusta Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.09%

    Augusta Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 934 $504,990,000 $540,675

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    934 $504,990,000 $540,675

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 86 $28,780,000 $334,651 $6,668 4.84%
    40-60% 152 $68,720,000 $452,105 $7,665 4.61%
    60-80% 306 $177,340,000 $579,542 $9,922 4.77%
    80-100% 347 $212,205,000 $611,542 $12,778 4.84%
    Over 100% 14 $11,070,000 $790,714 $30,168 4.48%
    Under 20% 20 $3,510,000 $175,500 $4,862 4.98%