Alameda Mortgage Corporation Rates, Fees & Info
SANTA ROSA, CALEI: 5493000OM9RKJW8W5K82
Tax ID: 94-2229242
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Mortgage Data
Review & Overview
Alameda Mortgage Corporation is a small mortgage company specializing in Home Purchase and 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 Madera among others. We have data for 53 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.18% | 12/17/24 |
| 30 Year Conventional Refi | 6.52% | 12/17/24 |
| 30 Year Cash-out Refi | 6.87% | 12/17/24 |
| 30 Year FHA Purchase | 7.55% | 12/17/24 |
| 30 Year FHA Refi | 7.18% | 12/17/24 |
| 30 Year VA Purchase | 6.36% | 12/17/24 |
| 30 Year VA Refi | 6.44% | 12/17/24 |
| 30 Year USDA Purchase | 6.87% | 12/17/24 |
| 15 Year Conventional Purchase | 6.30% | 12/17/24 |
| 15 Year Conventional Refi | 6.42% | 12/17/24 |
| 15 Year Cash-out Refi | 6.42% | 12/17/24 |
| 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. | ||
Alameda Mortgage Corporation Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,003Origination Dollar Volume (All Markets)
$1,292,735,000Awards
ALAMEDA MORTGAGE CORPORATION - 2020
ALAMEDA MORTGAGE CORPORATION is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 1,309 | $309,325,000 | $236,306 | $4,886 | 2.95% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 517 | $236,055,000 | $456,586 | $5,143 | 3.13% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 522 | $215,460,000 | $412,759 | $5,888 | 3.10% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 336 | $149,450,000 | $444,792 | $4,700 | 3.01% |
| MADERA, CA (FHA|USDA|VA) | 184 | $41,820,000 | $227,283 | $4,900 | 2.88% |
| VALLEJO, CA (FHA|USDA|VA) | 110 | $38,350,000 | $348,636 | $5,274 | 2.95% |
| STOCKTON, CA (FHA|USDA|VA) | 115 | $36,035,000 | $313,348 | $5,168 | 2.98% |
| MODESTO, CA (FHA|USDA|VA) | 141 | $34,315,000 | $243,369 | $5,515 | 3.11% |
| RENO, NV (FHA|USDA|VA) | 116 | $30,900,000 | $266,379 | $5,053 | 3.06% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 53 | $27,685,000 | $522,358 | $4,467 | 3.12% |
| VISALIA, CA (FHA|USDA|VA) | 118 | $21,780,000 | $184,576 | $5,497 | 2.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 67 | $21,075,000 | $314,552 | $5,412 | 2.98% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 64 | $20,590,000 | $321,719 | $4,851 | 3.13% |
| MERCED, CA (FHA|USDA|VA) | 79 | $19,745,000 | $249,937 | $6,328 | 3.05% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 27 | $11,885,000 | $440,185 | $4,919 | 3.07% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 41 | $10,105,000 | $246,463 | $5,593 | 3.37% |
| NAPA, CA (FHA|USDA|VA) | 18 | $8,010,000 | $445,000 | $6,010 | 3.14% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 17 | $6,625,000 | $389,706 | $4,688 | 3.20% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 13 | $6,295,000 | $484,231 | $5,675 | 3.15% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 12 | $4,330,000 | $360,833 | $4,678 | 3.16% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 23 | $4,175,000 | $181,522 | $4,836 | 2.55% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 9 | $3,735,000 | $415,000 | $4,004 | 3.26% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 16 | $3,680,000 | $230,000 | $4,907 | 2.99% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $3,610,000 | $361,000 | $4,191 | 3.16% |
| Outside of Metro Areas | 12 | $3,390,000 | $282,500 | $5,970 | 2.91% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 8 | $3,170,000 | $396,250 | $5,476 | 3.22% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 6 | $2,820,000 | $470,000 | $6,793 | 3.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 6 | $2,550,000 | $425,000 | $4,453 | 2.89% |
| SALINAS, CA (FHA|USDA|VA) | 6 | $2,050,000 | $341,667 | $3,852 | 3.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $4,780 | 3.29% |
| Ukiah, CA (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $6,634 | 3.08% |
| CHICO, CA (FHA|USDA|VA) | 6 | $1,380,000 | $230,000 | $3,718 | 3.12% |
| Fernley, NV (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $6,020 | 2.59% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $3,089 | 3.21% |
| BEND, OR (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $3,777 | 2.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $7,080 | 3.46% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $5,235 | 2.88% |
| REDDING, CA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,672 | 2.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,872 | 3.00% |
| Sonora, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,449 | 2.81% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,140 | 2.50% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,156 | 3.00% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,066 | 2.75% |
| Fallon, NV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,960 | 3.50% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,510 | 2.88% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,066 | 3.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,723 | 3.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,061 | 4.00% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,224 | 3.99% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,986 | 2.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,962 | 3.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,044 | 3.38% |
| Palatka, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,865 | 3.25% |
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Product Mix
For 2020, Alameda Mortgage Corporation's most frequently originated type of loan was Conventional, with 3,329 originations. Their 2nd most popular type was FHA, with 515 originations.
Loan Reason
For 2020, Alameda Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,763 originations. The 2nd most popular reason was Refi, with 1,650 originations.
Loan Duration/Length
For 2020, Alameda Mortgage Corporation's most frequently cited loan duration was 30 Year, with 3,576 originations. The 2nd most popular length was 15 Year, with 249 originations.
Origination Fees/Closing Costs
Alameda Mortgage Corporation's average total fees were $5,346, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,328 originations.
Interest Rates
During 2020, 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 1,678 originations.
Loan Sizing
2020 saw Alameda Mortgage Corporation place emphasis on $200k-400k loans with 2,007 originations, totaling $587,705,000 in origination value.
Applicant Income
Alameda Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 976 originations. The second most popular income band? $100k-150k, with 865 originations.
Applicant Debt to Income Ratio
Alameda Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 660 originations. The next most common DTI ratio? 20-30%, with 641 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.17%
Alameda Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination73.30%
Alameda Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,003 | $1,292,735,000 | $322,942 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 11 | $2,415,000 | $219,545 |
| Single Family (1-4 Units):Site-Built | 3,992 | $1,290,320,000 | $323,226 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ALAMEDA MORTGAGE CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |