Mid-valley Services Mortgage Rates, Fees & Info
FRESNO, CALEI: 54930072YJBZ4YV3DY74
Tax ID: 77-0329262
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Mortgage Data
Review & Overview
Mid-valley Services is a smaller mortgage company specializing in Refi and Home Purchase loans. Mid-valley Services has a high proportion of conventional loans. Their top markets by origination volume include: Fresno, San Jose, Los Angeles, Madera, and Visalia among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Mid-valley Services 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. Mid-valley Services 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 relatively high 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 | 7.97% | 5/27/23 |
| 30 Year Conventional Refi | 7.19% | 5/27/23 |
| 30 Year Cash-out Refi | 13.10% | 5/27/23 |
| 30 Year FHA Refi | 6.27% | 5/27/23 |
| 30 Year VA Purchase | 6.27% | 5/27/23 |
| 15 Year Conventional Purchase | 6.05% | 5/27/23 |
| 15 Year Conventional Refi | 6.21% | 5/27/23 |
| 15 Year Cash-out Refi | 6.21% | 5/27/23 |
| 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. | ||
Mid-valley Services Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
101Origination Dollar Volume (All Markets)
$35,775,000Awards
MID-VALLEY SERVICES - 2022
MID-VALLEY SERVICES is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Mid-valley Services's average 30 year fixed mortgage rate was
5.34%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.58%.
Relative Fees (Closing Costs)
Mid-valley Services's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,762.
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) | 72 | $23,350,000 | $324,306 | $6,228 | 6.35% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $3,610,000 | $1,805,000 | $774,556 | 9.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $2,200,000 | $550,000 | $15,110 | 7.97% |
| MADERA, CA (FHA|USDA|VA) | 7 | $1,915,000 | $273,571 | $8,697 | 9.43% |
| VISALIA, CA (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $5,733 | 8.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $8,425 | 3.37% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $3,042 | 3.38% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $9,971 | 5.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,930 | 4.25% |
| MERCED, CA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,562 | 3.99% |
| Sonora, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 10.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,717 | 12.00% |
| Outside of Metro Areas | 1 | $185,000 | $185,000 | $0 | 10.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against MID-VALLEY SERVICES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 101 | $35,775,000 | $354,208 | $17,544 | 6.75% |
For 2022, Mid-valley Services's most frequently originated type of loan was Conventional, with 101 originations.
Loan Reason
For 2022, Mid-valley Services's most frequently cited loan purpose was Refi, with 52 originations. The 2nd most popular reason was Home Purchase, with 42 originations.
Loan Duration/Length
For 2022, Mid-valley Services's most frequently cited loan duration was 30 Year, with 65 originations. The 2nd most popular length was Other, with 13 originations.
Origination Fees/Closing Costs
Mid-valley Services's average total fees were $6,762, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 32 originations.
Interest Rates
During 2022, Mid-valley Services's average interest rate for loans was 5.34%, while their most frequently originated rate bucket for loans was Over 8%, with 43 originations.
Loan Sizing
2022 saw Mid-valley Services place emphasis on $200k-400k loans with 45 originations, totaling $13,105,000 in origination value.
Applicant Income
Mid-valley Services lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $150k-250k, with 22 originations.
Applicant Debt to Income Ratio
Mid-valley Services lent most frequently to those with DTI ratios of 30-36%, with 18 originations. The next most common DTI ratio? 20-30%, with 16 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.50%
Mid-valley Services has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination63.37%
Mid-valley Services has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 101 | $35,775,000 | $354,208 |