Country Club Mortgage Rates, Fees & Info

VISALIA, CA

LEI: 54930057OO0P1ZMTQX63

Tax ID: 52-2354562

4.6 stars - out of 5 stars, based on 58 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Country Club Mortgage is a smaller mortgage company specializing in Home Purchase and Refi loans. Country Club Mortgage 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 Visalia, Fresno, Hanford, San Luis Obispo, and Madera among others. Country Club Mortgage 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. Country Club Mortgage is typically an average fee lendor.


Originations

3,386

Origination Dollar Volume (All Markets)

$857,140,000

Awards

COUNTRY CLUB MORTGAGE  USDA Loans gold COUNTRY CLUB MORTGAGE  USDA Loans silver
Show all (2) awards

Relative Rate

Country Club Mortgage 's average 30 year fixed rate mortgage of loans were 2.87%.

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

This yields a difference of -0.28%.

Relative Fees

Country Club Mortgage 's average total fees for a 30 year fixed rate mortgage are $5,960.

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
VISALIA, CA (FHA|USDA|VA) 1,830 $449,260,000 $245,497 $5,722 2.82%
FRESNO, CA (FHA|USDA|VA) 865 $209,985,000 $242,757 $5,038 2.92%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 480 $124,250,000 $258,854 $7,012 2.78%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 50 $24,400,000 $488,000 $5,478 2.97%
MADERA, CA (FHA|USDA|VA) 38 $10,380,000 $273,158 $4,728 2.88%
BAKERSFIELD, CA (FHA|USDA|VA) 41 $9,135,000 $222,805 $5,553 2.77%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 14 $6,770,000 $483,571 $6,760 3.05%
MERCED, CA (FHA|USDA|VA) 12 $2,920,000 $243,333 $5,796 2.73%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $2,810,000 $351,250 $6,282 2.91%
Outside of Metro Areas 7 $2,565,000 $366,429 $4,381 3.23%
SALINAS, CA (FHA|USDA|VA) 7 $2,485,000 $355,000 $3,351 2.70%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $2,270,000 $567,500 $8,536 3.19%
STOCKTON, CA (FHA|USDA|VA) 6 $2,240,000 $373,333 $6,086 2.65%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $2,160,000 $360,000 $4,739 3.19%
MODESTO, CA (FHA|USDA|VA) 6 $1,530,000 $255,000 $3,727 3.06%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $1,265,000 $421,667 $6,064 3.21%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $670,000 $335,000 $3,039 2.81%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $570,000 $285,000 $3,795 3.25%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $535,000 $535,000 $13,857 3.25%
CHICO, CA (FHA|USDA|VA) 1 $315,000 $315,000 $3,799 3.50%
Clearlake, CA (FHA|USDA|VA) 1 $255,000 $255,000 $7,167 3.38%
REDDING, CA (FHA|USDA|VA) 1 $205,000 $205,000 $6,630 2.75%
Sonora, CA (FHA|USDA|VA) 1 $165,000 $165,000 $4,666 3.38%

Country Club Mortgage 's top markets include Visalia, Fresno, Hanford, San Luis Obispo, and Madera among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,512 $603,380,000 $240,199 $4,310 2.83%
FHA 604 $161,750,000 $267,798 $10,103 2.95%
VA 241 $84,595,000 $351,017 $8,612 2.80%
USDA 29 $7,415,000 $255,690 $7,088 2.63%

For the 2021 period, Country Club Mortgage 's most frequently originated loan type of loans were Conventional, with 2,512 originations. Their 2nd most popular type is FHA, with 604 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,022 $531,710,000 $262,962 $6,859 2.75%
Refi 934 $218,130,000 $233,544 $3,924 2.94%
Home Improvement 394 $97,960,000 $248,629 $4,751 3.13%
Cash Out Refi 36 $9,340,000 $259,444 $4,409 3.01%

For the 2021, Country Club Mortgage 's most frequently cited loan purpose of loans were Home Purchase, with 2,022 originations. The 2nd most popular reason of loans were Refi, with 934 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,003 $774,175,000 $257,801 $5,960 2.87%
15 Year 261 $55,455,000 $212,471 $3,918 2.61%
20 Year 94 $21,650,000 $230,319 $3,644 2.86%
Other 15 $3,515,000 $234,333 $4,765 3.16%
10 Year 13 $2,345,000 $180,385 $3,671 2.45%

For the 2021, Country Club Mortgage 's most frequently cited loan length of loans were 30 Year, with 3,003 originations. The 2nd most popular length of loans were 15 Year, with 261 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,812 $497,830,000 $274,741
$3k-4k 511 $133,705,000 $261,654
$<1k 394 $41,450,000 $105,203
$5k+ 338 $111,980,000 $331,302
$2k-3k 331 $72,175,000 $218,051

$5,960 of loans were Country Club Mortgage 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,812 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,362 $381,200,000 $279,883
2.5-3% 1,328 $362,820,000 $273,208
<2.5% 646 $101,690,000 $157,415
4-5% 50 $11,430,000 $228,600

During 2021, Country Club Mortgage 's average interest rate of loans were 2.87%, while their most frequently originated rate bucket of loans were 3-4%, with 1,362 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,941 $555,625,000 $286,257 $6,476 3.04%
$100k-200k 773 $121,725,000 $157,471 $4,250 3.03%
$100,000 or less 321 $6,765,000 $21,075 $1,526 1.04%
$400k-600k 321 $150,505,000 $468,863 $6,154 3.00%
$600k-1MM 28 $19,810,000 $707,500 $8,409 3.15%
$1MM+ 2 $2,710,000 $1,355,000 $11,217 3.06%

2021 saw Country Club Mortgage place emphasis on $200k-400k loans with 1,941 originations, totaling $555,625,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 945 $203,065,000 $214,884 $6,264 2.72%
$75k-100k 726 $182,530,000 $251,419 $6,017 2.84%
$100k-150k 696 $206,570,000 $296,796 $5,711 2.97%
$50k or less 496 $85,050,000 $171,472 $5,077 2.74%
$150k-250k 372 $126,270,000 $339,435 $4,994 3.03%
$250k+ 119 $45,175,000 $379,622 $5,267 3.13%

Country Club Mortgage lent most frequently to those with incomes in the $50k-75k range, with 945 originations. The second most popular income band? $75k-100k, with 726 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 633 $160,565,000 $253,657 $5,874 2.90%
20-30% 614 $148,560,000 $241,954 $4,954 2.83%
<20% 283 $38,365,000 $135,565 $2,882 1.65%
44% 174 $46,050,000 $264,655 $6,308 3.01%
41% 157 $41,535,000 $264,554 $6,288 3.15%
50-60% 150 $44,070,000 $293,800 $9,134 2.86%
43% 138 $38,910,000 $281,957 $6,190 3.08%
42% 132 $38,620,000 $292,576 $6,333 3.04%
38% 131 $34,615,000 $264,237 $5,059 3.08%
36% 129 $34,225,000 $265,310 $5,573 3.02%
37% 125 $35,515,000 $284,120 $5,760 3.03%
40% 121 $31,515,000 $260,455 $5,663 3.11%
39% 117 $30,435,000 $260,128 $6,578 3.05%
45% 102 $29,680,000 $290,980 $5,874 3.03%
47% 91 $25,135,000 $276,209 $6,262 3.01%
49% 84 $22,050,000 $262,500 $6,288 3.05%
46% 77 $20,575,000 $267,208 $5,598 3.02%
48% 76 $21,890,000 $288,026 $6,417 2.97%
>60% 45 $12,755,000 $283,444 $4,412 2.46%

Country Club Mortgage lent most frequently to those with DTI ratios of 30-36%, with 633 originations. The next most common DTI ratio? 20-30%, with 614 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,727 $689,585,000 $252,873 $5,666 2.85%
Not provided 394 $97,610,000 $247,741 $6,185 2.82%
Asian 184 $47,360,000 $257,391 $5,099 2.92%
Black 45 $11,575,000 $257,222 $6,507 2.84%
Not applicable 17 $5,225,000 $307,353 $5,598 2.78%
American Indian 15 $4,415,000 $294,333 $6,089 2.93%
Native Hawaiian 4 $1,370,000 $342,500 $8,168 3.03%

Approval Rates

Total approvals of all applications
98.31%

Country Club Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
80.97%

Country Club Mortgage has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,386 $857,140,000 $253,142

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,386 $857,140,000 $253,142

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 99 $15,125,000 $152,778 $3,598 2.79%
40-60% 382 $77,450,000 $202,749 $3,844 2.88%
60-80% 1,054 $281,710,000 $267,277 $4,524 3.11%
80-100% 1,489 $447,955,000 $300,843 $7,087 3.04%
Over 100% 87 $30,655,000 $352,356 $12,831 2.90%
Under 20% 269 $2,675,000 $9,944 $341 0.70%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
CENTURY MORTGAGE COMPANY VA mortgage Trouble during payment process 1 100.0%