Alameda Mortgage Corporation Rates, Fees & Info

SANTA ROSA, CA

LEI: 5493000OM9RKJW8W5K82

Tax ID: 94-2229242

Latest/2023 | 2022 Data | 2021 Data | 2020 Data |

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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.

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 6.18% 3/27/24
30 Year Conventional Refi 6.52% 3/27/24
30 Year Cash-out Refi 6.87% 3/27/24
30 Year FHA Purchase 7.55% 3/27/24
30 Year FHA Refi 7.18% 3/27/24
30 Year VA Purchase 6.36% 3/27/24
30 Year VA Refi 6.44% 3/27/24
30 Year USDA Purchase 6.87% 3/27/24
15 Year Conventional Purchase 6.30% 3/27/24
15 Year Conventional Refi 6.42% 3/27/24
15 Year Cash-out Refi 6.42% 3/27/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Alameda Mortgage Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

4,003

Origination Dollar Volume (All Markets)

$1,292,735,000
Show all (5) awards

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

Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,329 $1,064,685,000 $319,821 $4,355 2.98%
    FHA 515 $161,775,000 $314,126 $10,510 3.31%
    VA 153 $64,655,000 $422,582 $7,846 2.94%
    USDA 6 $1,620,000 $270,000 $7,188 3.02%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,763 $508,235,000 $288,279 $6,857 2.88%
    Refi 1,650 $592,100,000 $358,848 $3,992 3.06%
    Cash Out Refi 589 $192,085,000 $326,121 $4,743 3.33%
    Home Improvement 1 $315,000 $315,000 $2,955 3.13%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,576 $1,171,040,000 $327,472 $5,346 3.04%
    15 Year 249 $68,335,000 $274,438 $3,676 2.72%
    20 Year 116 $34,190,000 $294,741 $3,847 3.11%
    Other 51 $17,085,000 $335,000 $3,846 3.06%
    10 Year 11 $2,085,000 $189,545 $3,431 2.86%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,328 $803,630,000 $345,202
    $2k-3k 558 $200,990,000 $360,197
    $<1k 437 $51,885,000 $118,730
    $5k+ 347 $122,515,000 $353,069
    $3k-4k 197 $68,985,000 $350,178
    $4k-5k 136 $44,730,000 $328,897

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 1,678 $571,500,000 $340,584
    2.5-3% 1,511 $540,535,000 $357,733
    <2.5% 568 $104,560,000 $184,085
    4-5% 232 $71,720,000 $309,138
    5-6% 14 $4,420,000 $315,714

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,007 $587,705,000 $292,828 $4,983 3.21%
    $400k-600k 960 $460,400,000 $479,583 $5,247 3.12%
    $100k-200k 462 $74,580,000 $161,429 $4,135 3.30%
    $100,000 or less 339 $4,445,000 $13,112 $3,813 1.16%
    $600k-1MM 229 $158,415,000 $691,769 $7,664 3.14%
    $1MM+ 6 $7,190,000 $1,198,333 $24,350 3.17%

    2020 saw Alameda Mortgage Corporation place emphasis on $200k-400k loans with 2,007 originations, totaling $587,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 976 $220,400,000 $225,820 $5,059 2.91%
    $100k-150k 865 $334,955,000 $387,231 $5,207 3.10%
    $75k-100k 793 $234,845,000 $296,148 $5,366 2.99%
    $150k-250k 612 $280,420,000 $458,203 $5,192 3.11%
    $50k or less 423 $72,925,000 $172,400 $4,686 2.95%
    $250k+ 230 $107,620,000 $467,913 $5,325 3.26%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 660 $214,410,000 $324,864 $4,641 3.01%
    20-30% 641 $219,205,000 $341,973 $4,323 3.01%
    44% 272 $82,480,000 $303,235 $5,468 3.03%
    42% 243 $67,975,000 $279,733 $5,100 2.89%
    43% 218 $74,490,000 $341,697 $5,245 3.11%
    40% 191 $52,385,000 $274,267 $4,741 2.90%
    <20% 189 $62,955,000 $333,095 $4,237 3.05%
    39% 174 $53,710,000 $308,678 $4,905 2.89%
    41% 164 $51,380,000 $313,293 $5,289 2.99%
    50-60% 154 $49,690,000 $322,662 $11,234 2.86%
    49% 140 $46,060,000 $329,000 $5,963 3.30%
    36% 137 $45,025,000 $328,650 $4,699 2.99%
    37% 137 $41,855,000 $305,511 $4,871 3.00%
    45% 129 $41,685,000 $323,140 $5,807 3.19%
    38% 125 $37,955,000 $303,640 $4,585 3.03%
    47% 122 $43,770,000 $358,770 $5,813 3.13%
    48% 116 $38,340,000 $330,517 $5,527 3.17%
    46% 111 $35,525,000 $320,045 $5,901 3.18%
    >60% 1 $515,000 $515,000 $4,541 2.50%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,688 $857,590,000 $319,044 $5,126 3.01%
    Not provided 616 $204,660,000 $332,240 $5,263 2.94%
    Asian 515 $171,035,000 $332,107 $4,803 3.15%
    Black 144 $46,540,000 $323,194 $6,225 3.06%
    Native Hawaiian or Islander 16 $6,400,000 $400,000 $7,226 3.23%
    American Indian 23 $6,185,000 $268,913 $5,598 3.10%
    Samoan 1 $325,000 $325,000 $6,076 3.50%

    Approval Rates

    Total approvals of all applications
    94.17%

    Alameda Mortgage Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.30%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 183 $50,405,000 $275,437 $3,711 2.96%
    40-60% 660 $227,500,000 $344,697 $3,838 2.99%
    60-80% 1,317 $482,745,000 $366,549 $4,514 3.24%
    80-100% 1,423 $486,345,000 $341,774 $6,456 3.29%
    Over 100% 29 $12,765,000 $440,172 $17,681 3.16%
    Under 20% 321 $3,585,000 $11,168 $3,674 1.03%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    ALAMEDA MORTGAGE CORPORATION Conventional home mortgage Closing on a mortgage 1 100.0%