Alameda Mortgage Corporation Rates, Fees & Info
SANTA ROSA, CALEI: 5493000OM9RKJW8W5K82
Tax ID: 94-2229242
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
5,086Origination Dollar Volume (All Markets)
$1,703,700,000Relative 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 applications94.11%
Alameda Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination73.36%
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% |