Alameda Mortgage Corporation Rates, Fees & Info

SANTA ROSA, CA

LEI: 5493000OM9RKJW8W5K82

Tax ID: 94-2229242

3.9 stars - out of 5 stars, based on 71 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Alameda Mortgage Corporation is a small mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Alameda Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Fresno, San Francisco, Los Angeles, Oxnard, and Sacramento among others. Alameda Mortgage Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Alameda Mortgage Corporation is typically a high fee lendor.


Originations

5,086

Origination Dollar Volume (All Markets)

$1,703,700,000

Awards

ALAMEDA MORTGAGE CORPORATION FHA Loans silver
Show all (1) awards

Relative Rate

Alameda Mortgage Corporation's average 30 year fixed rate mortgage of loans were 3.04%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.11%.

Relative Fees

Alameda Mortgage Corporation's average total fees for a 30 year fixed rate mortgage are $6,150.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
FRESNO, CA (FHA|USDA|VA) 1,955 $528,625,000 $270,396 $5,596 3.02%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 468 $238,400,000 $509,402 $6,200 3.06%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 428 $193,760,000 $452,710 $7,386 3.01%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 259 $121,805,000 $470,290 $5,573 2.94%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 323 $109,655,000 $339,489 $5,491 3.14%
STOCKTON, CA (FHA|USDA|VA) 238 $78,410,000 $329,454 $5,889 3.09%
MADERA, CA (FHA|USDA|VA) 248 $66,670,000 $268,831 $6,152 2.90%
MODESTO, CA (FHA|USDA|VA) 168 $49,490,000 $294,583 $5,641 3.03%
VISALIA, CA (FHA|USDA|VA) 218 $43,820,000 $201,009 $5,781 2.74%
VALLEJO, CA (FHA|USDA|VA) 91 $39,515,000 $434,231 $6,960 3.07%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 74 $27,560,000 $372,432 $6,871 2.98%
MERCED, CA (FHA|USDA|VA) 100 $26,210,000 $262,100 $5,543 2.76%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 52 $25,900,000 $498,077 $4,526 2.98%
RENO, NV (FHA|USDA|VA) 76 $21,720,000 $285,789 $5,840 3.22%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 25 $14,645,000 $585,800 $7,486 3.29%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 25 $13,465,000 $538,600 $7,191 2.93%
BAKERSFIELD, CA (FHA|USDA|VA) 40 $10,290,000 $257,250 $6,006 2.80%
Outside of Metro Areas 27 $9,205,000 $340,926 $5,423 3.16%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 19 $7,145,000 $376,053 $5,799 2.93%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 35 $6,445,000 $184,143 $6,064 2.71%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 26 $6,410,000 $246,538 $4,717 3.15%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 12 $4,570,000 $380,833 $5,499 2.78%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 9 $4,485,000 $498,333 $7,108 3.17%
NAPA, CA (FHA|USDA|VA) 7 $4,115,000 $587,857 $10,254 3.21%
SALINAS, CA (FHA|USDA|VA) 11 $3,945,000 $358,636 $5,379 3.26%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 9 $3,915,000 $435,000 $5,731 3.11%
YUBA CITY, CA (FHA|USDA|VA) 13 $3,745,000 $288,077 $5,414 3.09%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $3,710,000 $309,167 $5,629 2.93%
BOISE CITY, ID (FHA|USDA|VA) 8 $3,360,000 $420,000 $6,082 3.11%
Truckee-Grass Valley, CA (FHA|USDA|VA) 10 $3,050,000 $305,000 $4,194 3.14%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 13 $2,605,000 $200,385 $4,366 3.37%
CHICO, CA (FHA|USDA|VA) 9 $2,555,000 $283,889 $4,752 3.24%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 5 $1,925,000 $385,000 $5,412 2.95%
Fernley, NV (FHA|USDA|VA) 6 $1,830,000 $305,000 $6,239 3.23%
Ukiah, CA (FHA|USDA|VA) 4 $1,570,000 $392,500 $4,400 3.31%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $1,360,000 $340,000 $4,072 2.88%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 4 $1,280,000 $320,000 $5,202 2.97%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $925,000 $308,333 $4,789 3.33%
BEND, OR (FHA|USDA|VA) 2 $880,000 $440,000 $4,180 3.19%
REDDING, CA (FHA|USDA|VA) 3 $875,000 $291,667 $4,859 2.96%
COLUMBUS, IN (FHA|USDA|VA) 3 $795,000 $265,000 $4,978 3.17%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $750,000 $375,000 $4,726 3.06%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $660,000 $330,000 $3,488 3.00%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $545,000 $545,000 $3,952 3.13%
GREELEY, CO (FHA|USDA|VA) 1 $545,000 $545,000 $6,277 3.25%
CARSON CITY, NV (FHA|USDA|VA) 2 $530,000 $265,000 $6,860 3.25%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $505,000 $505,000 $5,821 3.50%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $505,000 $505,000 $11,286 2.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $495,000 $495,000 $11,414 3.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $490,000 $245,000 $4,588 2.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $480,000 $240,000 $3,633 3.13%
Sonora, CA (FHA|USDA|VA) 2 $470,000 $235,000 $5,366 4.00%
Clearlake, CA (FHA|USDA|VA) 2 $450,000 $225,000 $4,073 2.94%
Red Bluff, CA (FHA|USDA|VA) 1 $435,000 $435,000 $3,473 2.75%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $395,000 $395,000 $4,472 2.50%
Shelton, WA (FHA|USDA|VA) 1 $395,000 $395,000 $14,656 2.38%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $395,000 $395,000 $5,601 3.25%
PUEBLO, CO (FHA|USDA|VA) 1 $375,000 $375,000 $2,825 4.00%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $375,000 $375,000 $5,407 3.63%
EL CENTRO, CA (FHA|USDA|VA) 1 $365,000 $365,000 $2,776 2.50%
Fallon, NV (FHA|USDA|VA) 1 $335,000 $335,000 $12,588 3.38%
MEDFORD, OR (FHA|USDA|VA) 1 $325,000 $325,000 $2,621 1.99%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $4,415 3.38%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $275,000 $275,000 $10,314 2.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,594 2.88%
Susanville, CA (FHA|USDA|VA) 1 $255,000 $255,000 $8,772 2.63%
ST. GEORGE, UT (FHA|USDA|VA) 1 $245,000 $245,000 $3,926 3.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $235,000 $235,000 $3,104 3.13%
Newport, OR (FHA|USDA|VA) 1 $225,000 $225,000 $6,771 3.00%
Athens, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,998 3.63%
Klamath Falls, OR (FHA|USDA|VA) 1 $205,000 $205,000 $6,313 3.63%
PROVO-OREM, UT (FHA|USDA|VA) 1 $185,000 $185,000 $4,495 2.63%
TYLER, TX (FHA|USDA|VA) 1 $165,000 $165,000 $6,588 4.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,951 3.25%
LUBBOCK, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,949 3.38%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,899 3.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,387 3.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,555 4.13%

Alameda Mortgage Corporation's top markets include Fresno, San Francisco, Los Angeles, Oxnard, and Sacramento among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 4,380 $1,441,920,000 $329,205 $5,148 3.00%
FHA 517 $177,755,000 $343,820 $11,553 3.19%
VA 185 $82,795,000 $447,541 $9,656 2.76%
USDA 4 $1,230,000 $307,500 $8,855 3.22%

For the 2021 period, Alameda Mortgage Corporation's most frequently originated loan type of loans were Conventional, with 4,380 originations. Their 2nd most popular type is FHA, with 517 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,473 $849,565,000 $343,536 $7,381 2.91%
Refi 1,478 $486,330,000 $329,046 $4,381 2.99%
Cash Out Refi 1,135 $367,805,000 $324,057 $5,316 3.26%

For the 2021, Alameda Mortgage Corporation's most frequently cited loan purpose of loans were Home Purchase, with 2,473 originations. The 2nd most popular reason of loans were Refi, with 1,478 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 4,517 $1,552,115,000 $343,616 $6,150 3.04%
15 Year 319 $86,475,000 $271,082 $4,165 2.70%
20 Year 158 $41,310,000 $261,456 $4,369 2.99%
Other 53 $16,025,000 $302,358 $4,215 3.08%
10 Year 39 $7,775,000 $199,359 $3,869 2.71%

For the 2021, Alameda Mortgage Corporation's most frequently cited loan length of loans were 30 Year, with 4,517 originations. The 2nd most popular length of loans were 15 Year, with 319 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 2,549 $894,515,000 $350,928
$2k-3k 840 $291,990,000 $347,607
$3k-4k 650 $228,810,000 $352,015
$5k+ 638 $249,200,000 $390,596
$<1k 402 $38,090,000 $94,751

$6,150 of loans were Alameda Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,549 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 2,633 $919,245,000 $349,125
2.5-3% 1,636 $601,250,000 $367,512
<2.5% 668 $137,320,000 $205,569
4-5% 147 $45,105,000 $306,837
5-6% 2 $780,000 $390,000

During 2021, Alameda Mortgage Corporation's average interest rate of loans were 3.04%, while their most frequently originated rate bucket of loans were 3-4%, with 2,633 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,447 $720,795,000 $294,563 $5,606 3.21%
$400k-600k 1,223 $594,075,000 $485,752 $6,685 3.08%
$100k-200k 683 $109,285,000 $160,007 $4,068 3.20%
$100,000 or less 373 $7,905,000 $21,193 $3,642 1.09%
$600k-1MM 338 $242,830,000 $718,432 $9,003 3.12%
$1MM+ 22 $28,810,000 $1,309,545 $9,299 3.09%

2021 saw Alameda Mortgage Corporation place emphasis on $200k-400k loans with 2,447 originations, totaling $720,795,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,225 $297,235,000 $242,641 $5,698 2.90%
$100k-150k 1,147 $444,035,000 $387,127 $6,232 3.07%
$75k-100k 986 $299,860,000 $304,118 $6,097 3.00%
$150k-250k 737 $344,485,000 $467,415 $6,159 3.14%
$50k or less 527 $91,245,000 $173,140 $4,760 2.94%
$250k+ 370 $191,060,000 $516,378 $6,443 3.19%

Alameda Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,225 originations. The second most popular income band? $100k-150k, with 1,147 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 826 $280,950,000 $340,133 $5,488 3.08%
20-30% 729 $255,005,000 $349,801 $5,084 3.08%
44% 362 $104,840,000 $289,613 $5,532 2.80%
43% 302 $89,030,000 $294,801 $6,266 2.79%
41% 252 $77,100,000 $305,952 $5,978 2.87%
42% 242 $76,690,000 $316,901 $5,573 2.88%
40% 237 $77,325,000 $326,266 $5,999 2.95%
49% 225 $83,245,000 $369,978 $6,244 3.19%
<20% 224 $73,180,000 $326,696 $4,753 3.08%
38% 217 $70,025,000 $322,696 $5,498 2.98%
39% 207 $66,835,000 $322,874 $5,346 2.97%
50-60% 197 $75,385,000 $382,665 $11,451 3.02%
37% 193 $62,715,000 $324,948 $5,492 2.94%
48% 181 $62,685,000 $346,326 $6,712 3.22%
36% 167 $61,435,000 $367,874 $5,873 3.09%
45% 162 $57,180,000 $352,963 $6,514 3.18%
47% 155 $55,635,000 $358,935 $6,611 3.19%
46% 155 $54,265,000 $350,097 $6,304 3.14%
>60% 2 $740,000 $370,000 $16,576 3.18%

Alameda Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 826 originations. The next most common DTI ratio? 20-30%, with 729 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,105 $1,031,265,000 $332,130 $5,823 3.00%
Not provided 1,110 $362,450,000 $326,532 $5,865 2.99%
Asian 635 $224,245,000 $353,142 $5,839 3.11%
Black 169 $61,055,000 $361,272 $7,764 3.01%
American Indian 50 $17,130,000 $342,600 $6,698 3.17%
Native Hawaiian 14 $6,110,000 $436,429 $7,155 3.07%
Filipino 2 $1,260,000 $630,000 $12,947 3.31%
Other Pacific Islander 1 $185,000 $185,000 $2,823 3.63%

Approval Rates

Total approvals of all applications
94.11%

Alameda Mortgage Corporation has an average approval rate.

Pick Rate

Approvals leading to origination
73.36%

Alameda Mortgage Corporation has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 5,086 $1,703,700,000 $334,978

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
5,086 $1,703,700,000 $334,978

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 372 $91,420,000 $245,753 $4,200 3.01%
40-60% 894 $292,440,000 $327,114 $4,490 3.05%
60-80% 1,690 $624,420,000 $369,479 $5,562 3.22%
80-100% 1,713 $653,705,000 $381,614 $7,359 3.23%
Over 100% 26 $13,820,000 $531,538 $20,338 2.93%
Under 20% 343 $9,235,000 $26,924 $4,282 0.88%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
ALLIANT CREDIT UNION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 26.7%
ALLIANT CREDIT UNION Conventional home mortgage Closing on a mortgage 1 6.7%
ALLIANT CREDIT UNION Conventional home mortgage Trouble during payment process 6 40.0%
ALLIANT CREDIT UNION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
ALLIANT CREDIT UNION Other type of mortgage Incorrect information on your report 1 6.7%
ALLIANT CREDIT UNION Other type of mortgage Trouble during payment process 2 13.3%