Mid-valley Services Mortgage Rates, Fees & Info

FRESNO, CA

LEI: 54930072YJBZ4YV3DY74

Tax ID: 77-0329262

3 stars - Updated: 2/25/24 - out of 5 stars, based on 10 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

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 7.97% 2/25/24
30 Year Conventional Refi 7.19% 2/25/24
30 Year Cash-out Refi 13.10% 2/25/24
30 Year FHA Refi 6.27% 2/25/24
30 Year VA Purchase 6.27% 2/25/24
15 Year Conventional Purchase 6.05% 2/25/24
15 Year Conventional Refi 6.21% 2/25/24
15 Year Cash-out Refi 6.21% 2/25/24
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.

Mid-valley Services Mortgage Calculator






Your Estimates

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

This is not an official calculator from Mid-valley Services. 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

101

Origination Dollar Volume (All Markets)

$35,775,000

Awards

MID-VALLEY SERVICES 30 Year Conventional Loans silver
Show all (1) awards

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%
Mid-valley Services's top markets include Fresno, San Jose, Los Angeles, Madera, and Visalia among others.

Their top states include:
  • California (FHA|USDA|VA)
  • 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.

    CALLISTO GROUP, INC.
    Similarity Rank: 1505
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    Similarity Rank: 1677
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    Similarity Rank: 2756
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 52 $19,110,000 $367,500 $6,360 5.56%
    Home Purchase 42 $13,920,000 $331,429 $6,876 7.67%
    Other 5 $2,305,000 $461,000 $200,581 10.20%
    Cash Out Refi 2 $440,000 $220,000 $9,548 10.00%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 65 $20,575,000 $316,538 $6,762 5.34%
    Other 13 $5,095,000 $391,923 $774,556 10.00%
    1 Year 12 $7,490,000 $624,167 $0 9.58%
    15 Year 5 $1,355,000 $271,000 $6,227 5.75%
    3 Year 5 $1,225,000 $245,000 $0 9.70%
    5 Year 1 $35,000 $35,000 $7,167 13.00%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 32 $13,460,000 $420,625
    $1k-2k 15 $5,165,000 $344,333
    $3k-4k 14 $3,520,000 $251,429
    $4k-5k 14 $3,680,000 $262,857
    $2k-3k 4 $530,000 $132,500
    $<1k 3 $975,000 $325,000

    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

    Loan Rate Originations Total Value Average Loan
    Over 8% 43 $16,695,000 $388,256
    3-4% 20 $6,630,000 $331,500
    4-5% 16 $4,560,000 $285,000
    5-6% 12 $5,030,000 $419,167
    2.5-3% 6 $1,870,000 $311,667
    6-7% 4 $990,000 $247,500

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 45 $13,105,000 $291,222 $6,208 6.28%
    $100k-200k 22 $3,450,000 $156,818 $4,762 6.94%
    $400k-600k 18 $8,910,000 $495,000 $8,602 5.56%
    $600k-1MM 9 $6,415,000 $712,778 $12,681 8.79%
    $100,000 or less 5 $285,000 $57,000 $6,210 9.70%
    $1MM+ 2 $3,610,000 $1,805,000 $774,556 9.50%

    2022 saw Mid-valley Services place emphasis on $200k-400k loans with 45 originations, totaling $13,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 26 $8,210,000 $315,769 $7,092 6.52%
    $150k-250k 22 $10,220,000 $464,545 $6,718 7.05%
    $75k-100k 13 $3,925,000 $301,923 $7,362 6.74%
    $50k or less 12 $2,180,000 $181,667 $5,060 7.66%
    $250k+ 11 $6,405,000 $582,273 $93,935 6.26%
    $50k-75k 11 $2,655,000 $241,364 $4,611 4.48%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 18 $5,110,000 $283,889 $7,353 6.62%
    20-30% 16 $5,580,000 $348,750 $5,453 5.15%
    <20% 7 $2,245,000 $320,714 $8,670 7.73%
    42% 7 $2,665,000 $380,714 $6,462 5.17%
    48% 5 $1,715,000 $343,000 $12,642 7.90%
    36% 5 $1,375,000 $275,000 $5,630 6.80%
    50-60% 5 $3,095,000 $619,000 $390,076 9.80%
    37% 4 $1,350,000 $337,500 $4,804 3.88%
    43% 4 $690,000 $172,500 $6,889 7.59%
    49% 4 $880,000 $220,000 $8,254 7.78%
    47% 3 $1,335,000 $445,000 $7,154 4.87%
    40% 3 $675,000 $225,000 $5,812 6.91%
    46% 2 $360,000 $180,000 $5,052 3.63%
    39% 2 $670,000 $335,000 $4,494 4.00%
    44% 2 $620,000 $310,000 $7,800 5.88%
    41% 2 $660,000 $330,000 $2,969 7.38%
    >60% 1 $605,000 $605,000 $0 10.00%
    38% 1 $335,000 $335,000 $7,386 5.75%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $27,580,000 $320,698 $18,712 6.66%
    Asian 9 $6,245,000 $693,889 $10,647 6.37%
    Not applicable 4 $1,550,000 $387,500 $0 10.50%
    Black 2 $400,000 $200,000 $5,495 4.88%

    Approval Rates

    Total approvals of all applications
    96.50%

    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 origination
    63.37%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    101 $35,775,000 $354,208

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,540,000 $192,500 $6,308 7.37%
    40-60% 26 $8,050,000 $309,615 $7,235 6.13%
    60-80% 40 $17,610,000 $440,250 $39,682 6.70%
    80-100% 18 $7,150,000 $397,222 $6,922 5.73%
    Over 100% 3 $995,000 $331,667 $0 9.67%
    Under 20% 6 $430,000 $71,667 $6,424 10.58%