Mid-valley Services Mortgage Rates, Fees & Info

FRESNO, CA

LEI: 54930072YJBZ4YV3DY74

Tax ID: 77-0329262

4.2 stars - out of 5 stars, based on 19 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

348

Origination Dollar Volume (All Markets)

$101,310,000

Awards

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

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 applications
97.06%

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 origination
90.67%

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%