Is San Diego Funding a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by San Diego Funding to those of other lenders for a comparable set of borrowers. Here is our review of San Diego Funding nationally:
| Review Item | San Diego Funding |
|---|---|
| Interest Rate | similar to other lenders (-0.01%) |
| Loan Related Closing Costs | higher than other lenders (+$725) |
| National Rate and Closing Cost Star Rating | (3.5) |
On average, San Diego Funding’s interest rates were similar to those of other lenders (-0.01%). On the other hand, its loan related closing costs were higher than those of other lenders, with a difference of +$725. Overall, combining interest rates and closing costs we estimate that San Diego Funding tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5 stars.
We maintain our independence by not accepting any money from the mortgage lenders we review. To visit San Diego Funding, check out its website at: https://www.sdfunding.com.
San Diego Funding’s Rate Review by City
Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track San Diego Funding was most active in:
San Diego Funding’s Rate Review by Mortgage Type
Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, San Diego Funding originated Conforming, FHA, Jumbo and VA mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.
| New Purchase Mortgages | Conforming | FHA | Jumbo | VA |
|---|---|---|---|---|
| Interest Rate Difference | -0.01% | +0.01% | +0.05% | -0.01% |
| Loan Related Closing Cost Difference | +$913 | +$282 | +$469 | +$820 |
| Cost Adjusted Rate Difference | +0.02% | +0.01% | +0.06% | +0.01% |
| National Star Rating |
| Refinance Mortgages | Conforming | FHA | Jumbo | VA |
|---|---|---|---|---|
| Interest Rate Difference | -0.02% | -0.01% | +0.03% | +0.02% |
| Loan Related Closing Cost Difference | +$715 | +$126 | +$135 | -$74 |
| Cost Adjusted Rate Difference | +0.01% | -0.01% | +0.04% | +0.02% |
| Average Star Rating |
As a summary, San Diego Funding is similar to other lenders for Conforming, FHA and VA purchase mortgages. It is more expensive than other lenders for Jumbo purchase mortgages. For refinancing, San Diego Funding is similar to other lenders for Conforming, FHA, Jumbo and VA mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.
Other information about San Diego Funding:
Registered city and state: San Diego, CA, 92106
Regulator: United States Department of Housing and Urban Development (HUD)
* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for San Diego Funding’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.