Mid-valley Services Mortgage Rates, Fees & Info
FRESNO, CALEI: 54930072YJBZ4YV3DY74
Tax ID: 77-0329262
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Fresno, Madera, Visalia, Santa Maria, and San Francisco among others. Mid-valley Services has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Mid-valley Services is typically an average fee lendor.Originations
348Origination Dollar Volume (All Markets)
$101,310,000Awards
MID-VALLEY SERVICES - 2021
MID-VALLEY SERVICES is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Mid-valley Services 's average 30 year fixed rate mortgage of loans were
3.23%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.08%.
Relative Fees
Mid-valley Services 's average total fees for a 30 year fixed rate
mortgage are $5,363.
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 |
|---|---|---|---|---|---|
| FRESNO, CA (FHA|USDA|VA) | 284 | $81,400,000 | $286,620 | $5,061 | 3.24% |
| MADERA, CA (FHA|USDA|VA) | 21 | $5,545,000 | $264,048 | $4,267 | 3.50% |
| VISALIA, CA (FHA|USDA|VA) | 10 | $2,240,000 | $224,000 | $4,685 | 3.56% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 8.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,350,000 | $675,000 | $7,940 | 2.88% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $4,067 | 3.85% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $12,978 | 6.44% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $6,195 | 3.29% |
| Outside of Metro Areas | 4 | $1,010,000 | $252,500 | $4,054 | 4.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $11,182 | 3.13% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,691 | 2.31% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $4,023 | 2.99% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $9,004 | 3.25% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,365 | 2.69% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,051 | 2.88% |
| MERCED, CA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $8,909 | 6.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,101 | 3.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,753 | 2.88% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,085 | 2.38% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,529 | 2.25% |
Mid-valley Services 's top markets include Fresno, Madera, Visalia, Santa Maria, and San Francisco among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 346 | $100,480,000 | $290,405 | $5,043 | 3.33% |
| FHA | 1 | $365,000 | $365,000 | $14,214 | 3.13% |
| VA | 1 | $465,000 | $465,000 | $1,748 | 2.38% |
For the 2021 period, Mid-valley Services 's most frequently originated loan type of loans were Conventional, with 346 originations. Their 2nd most popular type is FHA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 222 | $59,510,000 | $268,063 | $4,468 | 3.01% |
| Home Purchase | 94 | $33,230,000 | $353,511 | $6,735 | 4.03% |
| Cash Out Refi | 29 | $8,295,000 | $286,034 | $4,555 | 2.84% |
| Other | 3 | $275,000 | $91,667 | $5,216 | 9.33% |
For the 2021, Mid-valley Services 's most frequently cited loan purpose of loans were Refi, with 222 originations. The 2nd most popular reason of loans were Home Purchase, with 94 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 265 | $80,395,000 | $303,377 | $5,363 | 3.23% |
| 15 Year | 50 | $11,910,000 | $238,200 | $3,789 | 2.48% |
| 20 Year | 14 | $3,550,000 | $253,571 | $4,368 | 3.53% |
| 3 Year | 6 | $1,210,000 | $201,667 | $10,082 | 9.83% |
| Other | 6 | $2,800,000 | $466,667 | $3,546 | 5.27% |
| 10 Year | 4 | $480,000 | $120,000 | $3,692 | 2.19% |
| 1 Year | 3 | $965,000 | $321,667 | $0 | 9.83% |
For the 2021, Mid-valley Services 's most frequently cited loan length of loans were 30 Year, with 265 originations. The 2nd most popular length of loans were 15 Year, with 50 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 126 | $35,970,000 | $285,476 |
| $3k-4k | 96 | $27,590,000 | $287,396 |
| $2k-3k | 53 | $11,085,000 | $209,151 |
| $5k+ | 43 | $19,615,000 | $456,163 |
| $<1k | 21 | $5,335,000 | $254,048 |
$5,363 of loans were Mid-valley Services 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 126 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 176 | $51,830,000 | $294,489 |
| <2.5% | 81 | $21,245,000 | $262,284 |
| 3-4% | 63 | $18,615,000 | $295,476 |
| Over 8% | 23 | $6,455,000 | $280,652 |
| 4-5% | 2 | $420,000 | $210,000 |
| 7-8% | 2 | $2,550,000 | $1,275,000 |
| 5-6% | 1 | $195,000 | $195,000 |
During 2021, Mid-valley Services 's average interest rate of loans were 3.23%, while their most frequently originated rate bucket of loans were 2.5-3%, with 176 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 187 | $54,055,000 | $289,064 | $4,759 | 3.08% |
| $100k-200k | 87 | $13,245,000 | $152,241 | $4,140 | 3.58% |
| $400k-600k | 57 | $27,545,000 | $483,246 | $5,898 | 3.09% |
| $100,000 or less | 13 | $1,005,000 | $77,308 | $3,856 | 4.96% |
| $1MM+ | 2 | $4,010,000 | $2,005,000 | $84,804 | 8.25% |
| $600k-1MM | 2 | $1,450,000 | $725,000 | $14,827 | 6.56% |
2021 saw Mid-valley Services place emphasis on $200k-400k loans with 187 originations, totaling $54,055,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 89 | $29,325,000 | $329,494 | $4,902 | 3.12% |
| $50k-75k | 75 | $15,745,000 | $209,933 | $4,480 | 3.39% |
| $75k-100k | 59 | $15,835,000 | $268,390 | $4,715 | 3.26% |
| $150k-250k | 58 | $21,060,000 | $363,103 | $5,357 | 2.93% |
| $50k or less | 43 | $7,445,000 | $173,140 | $4,554 | 3.80% |
| $250k+ | 23 | $11,685,000 | $508,043 | $9,048 | 4.14% |
Mid-valley Services lent most frequently to those with incomes in the $100k-150k range, with 89 originations. The second most popular income band? $50k-75k, with 75 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 65 | $20,065,000 | $308,692 | $5,794 | 3.09% |
| 30-36% | 62 | $18,860,000 | $304,194 | $5,002 | 2.95% |
| <20% | 40 | $11,730,000 | $293,250 | $4,724 | 3.53% |
| 41% | 20 | $5,540,000 | $277,000 | $4,398 | 2.85% |
| 44% | 19 | $4,975,000 | $261,842 | $4,483 | 3.22% |
| 36% | 15 | $4,425,000 | $295,000 | $5,510 | 3.53% |
| 42% | 13 | $2,965,000 | $228,077 | $4,565 | 3.60% |
| 38% | 13 | $3,105,000 | $238,846 | $4,639 | 3.88% |
| 48% | 12 | $3,220,000 | $268,333 | $5,284 | 4.01% |
| 37% | 12 | $3,490,000 | $290,833 | $4,611 | 2.84% |
| 47% | 11 | $3,335,000 | $303,182 | $4,426 | 2.79% |
| 43% | 11 | $3,445,000 | $313,182 | $4,696 | 2.77% |
| 39% | 11 | $2,375,000 | $215,909 | $4,295 | 2.84% |
| 40% | 11 | $3,045,000 | $276,818 | $4,988 | 2.99% |
| 46% | 8 | $2,240,000 | $280,000 | $4,961 | 2.64% |
| 45% | 8 | $2,370,000 | $296,250 | $5,027 | 2.95% |
| 49% | 8 | $2,220,000 | $277,500 | $5,373 | 3.90% |
| 50-60% | 4 | $2,030,000 | $507,500 | $5,665 | 7.72% |
| >60% | 3 | $1,415,000 | $471,667 | $13,857 | 9.83% |
Mid-valley Services lent most frequently to those with DTI ratios of 20-30%, with 65 originations. The next most common DTI ratio? 30-36%, with 62 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 282 | $81,210,000 | $287,979 | $4,859 | 3.36% |
| Asian | 63 | $19,585,000 | $310,873 | $6,026 | 3.19% |
| American Indian | 1 | $275,000 | $275,000 | $5,808 | 3.00% |
| Black | 2 | $240,000 | $120,000 | $3,460 | 2.31% |
Approval Rates
Total approvals of all applications97.06%
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 origination90.67%
Mid-valley Services has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 348 | $101,310,000 | $291,121 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 348 | $101,310,000 | $291,121 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 30 | $7,140,000 | $238,000 | $4,010 | 3.46% |
| 40-60% | 91 | $19,545,000 | $214,780 | $4,134 | 3.05% |
| 60-80% | 159 | $52,475,000 | $330,031 | $5,516 | 3.54% |
| 80-100% | 65 | $21,735,000 | $334,385 | $5,756 | 3.09% |
| Under 20% | 3 | $415,000 | $138,333 | $4,269 | 4.25% |
