Sovereign Lending Group Mortgage Interest Rate and Cost Review

Is Sovereign Lending Group a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Sovereign Lending Group to those of other lenders for a comparable set of borrowers. Here is our review of Sovereign Lending Group nationally:

Review ItemSovereign Lending Group
Interest Ratelower than other lenders (-0.11%)
Loan Related Closing Costssimilar to other lenders (+$131)
National Rate and Closing Cost Star Rating(4)

On average, Sovereign Lending Group’s interest rates were lower than those of other lenders (-0.11%). On the other hand, its loan related closing costs were similar to those of other lenders, with a difference of +$131. Overall, combining interest rates and closing costs we estimate that Sovereign Lending Group tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Sovereign Lending Group, check out its website at:

Sovereign Lending Group’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 Sovereign Lending Group was most active in:

  1. Los Angeles, CA
  2. Phoenix, AZ
  3. Las Vegas, NV
  4. Washington, DC
  5. Sacramento, CA

In addition, Sovereign Lending Group is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

  1. Washington, DC, for VA mortgages
  2. Sacramento, CA, for VA mortgages

Sovereign Lending Group’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, Sovereign Lending Group originated Conforming, FHA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

New Purchase MortgagesConformingFHAVA
Interest Rate Difference+0.01%+0.00%-0.00%
Loan Related Closing Cost Difference-$109-$40+$67
Cost Adjusted Rate Difference+0.00%-0.00%-0.00%
National Star Rating(3.5)(3.5)(3.5)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.04%-0.01%+0.01%-0.13%
Loan Related Closing Cost Difference-$33+$65+$10+$163
Cost Adjusted Rate Difference-0.04%-0.01%+0.01%-0.13%
Average Star Rating(3.5)(3.5)(3.5)(4)

As a summary, Sovereign Lending Group is similar to other lenders for Conforming, FHA and VA purchase mortgages. For refinancing mortgages, Sovereign Lending Group is cheap for VA mortgage refinance. It is similar to other lenders for Conforming, FHA and Jumbo 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 Sovereign Lending Group:

Registered name: Sovereign Lending Group, Inc
Registered city and state: Costa Mesa, CA, 92626
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 Sovereign Lending Group’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.