South Bay Equity Lending Mortgage Interest Rate and Cost Review

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

Review ItemSouth Bay Equity Lending
Interest Ratehigher than other lenders (+0.11%)
Loan Related Closing Costshigher than other lenders (+$476)
National Rate and Closing Cost Star Rating(3)

On average, South Bay Equity Lending’s interest rates were higher than those of other lenders (+0.11%). Its loan related closing costs were also higher than those of other lenders, with a difference of +$476. Overall, combining interest rates and closing costs we estimate that South Bay Equity Lending tends to be an expensive lender, and give it a National Rate and Closing Costs Rating of 3 out of 5 stars.

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

South Bay Equity Lending’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 South Bay Equity Lending was most active in:

  1. Los Angeles, CA
  2. San Jose, CA
  3. Redding, CA
  4. San Diego, CA
  5. Sacramento, CA

South Bay Equity Lending’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, South Bay Equity Lending originated Conforming, 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 MortgagesConformingJumboVA
Interest Rate Difference+0.04%+0.02%-0.01%
Loan Related Closing Cost Difference+$101+$85-$34
Cost Adjusted Rate Difference+0.04%+0.02%-0.01%
National Star Rating(3.5)(3.5)(3.5)
Refinance MortgagesConformingJumboVA
Interest Rate Difference+0.15%+0.02%+0.00%
Loan Related Closing Cost Difference+$657+$25-$65
Cost Adjusted Rate Difference+0.18%+0.02%-0.00%
Average Star Rating(2.5)(3.5)(3.5)

As a summary, South Bay Equity Lending is similar to other lenders for Conforming, Jumbo and VA purchase mortgages. For refinancing, South Bay Equity Lending is similar to other lenders for Jumbo and VA mortgage refinance. It is more expensive than other lenders for Conforming 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 South Bay Equity Lending:

Registered name: Mortgage 2000 Inc
Registered city and state: REDONDO BEACH, CA, 90277
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 South Bay Equity Lending’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.