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

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

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Mortgage Data

  • SimulatedRates™
  • Review & 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 by origination volume include: Fresno, San Francisco, Los Angeles, Oxnard, and Sacramento among others. We have data for 78 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Alameda Mortgage Corporation 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. Alameda Mortgage Corporation is typically an average 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 6.64% 11/26/22
    30 Year Conventional Refi 6.85% 11/26/22
    30 Year Cash-out Refi 7.05% 11/26/22
    30 Year FHA Purchase 7.98% 11/26/22
    30 Year FHA Refi 7.43% 11/26/22
    30 Year VA Purchase 6.70% 11/26/22
    30 Year VA Refi 6.30% 11/26/22
    30 Year USDA Purchase 7.36% 11/26/22
    15 Year Conventional Purchase 6.35% 11/26/22
    15 Year Conventional Refi 6.38% 11/26/22
    15 Year Cash-out Refi 6.38% 11/26/22
    15 Year VA Refi 6.31% 11/26/22
    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.


    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 mortgage rate was 3.04%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.11%.

    Relative Fees (Closing Costs)

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

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

    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
    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.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Alameda Mortgage Corporation's most frequently originated type of loan was Conventional, with 4,380 originations. Their 2nd most popular type was FHA, with 517 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Alameda Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,473 originations. The 2nd most popular reason was 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 2021, Alameda Mortgage Corporation's most frequently cited loan duration was 30 Year, with 4,517 originations. The 2nd most popular length was 15 Year, with 319 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,549 $894,515,000 $350,928
    $2k-3k 840 $291,990,000 $347,607
    $5k+ 638 $249,200,000 $390,596
    $<1k 402 $38,090,000 $94,751
    $3k-4k 368 $123,610,000 $335,897
    $4k-5k 282 $105,200,000 $373,050

    Alameda Mortgage Corporation's average total fees were $6,150, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.04%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    94.07%

    Alameda Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.40%

    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%