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 Home Purchase loans. Mid-valley Services has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Fresno, San Francisco, Madera, Stockton, and Visalia among others. We have data for 9 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 an above 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% | 4/18/24 |
| 30 Year Conventional Refi | 7.19% | 4/18/24 |
| 30 Year Cash-out Refi | 13.10% | 4/18/24 |
| 30 Year FHA Refi | 6.27% | 4/18/24 |
| 30 Year VA Purchase | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 6.05% | 4/18/24 |
| 15 Year Conventional Refi | 6.21% | 4/18/24 |
| 15 Year Cash-out Refi | 6.21% | 4/18/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
92Origination Dollar Volume (All Markets)
$20,840,000Top 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) | 70 | $15,770,000 | $225,286 | $5,773 | 6.94% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $4,174 | 5.94% |
| MADERA, CA (FHA|USDA|VA) | 7 | $1,325,000 | $189,286 | $4,693 | 7.23% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,120 | 5.25% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $5,451 | 8.38% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,768 | 10.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,217 | 4.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,186 | 4.50% |
| MODESTO, CA (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $4,696 | 10.00% |
Their top states include:
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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 | 91 | $20,775,000 | $228,297 | $5,650 | 7.02% |
| USDA | 1 | $65,000 | $65,000 | $4,462 | 5.63% |
For 2018, Mid-valley Services's most frequently originated type of loan was Conventional, with 91 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2018, Mid-valley Services's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 19 originations.
Loan Duration/Length
For 2018, Mid-valley Services's most frequently cited loan duration was 30 Year, with 79 originations. The 2nd most popular length was Other, with 5 originations.
Origination Fees/Closing Costs
Mid-valley Services's average total fees were $5,685, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 18 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 35 | $9,695,000 | $277,000 |
| Over 8% | 34 | $6,370,000 | $187,353 |
| 5-6% | 23 | $4,775,000 | $207,609 |
During 2018, Mid-valley Services's average interest rate for loans was 6.46%, while their most frequently originated rate bucket for loans was 4-5%, with 35 originations.
Loan Sizing
2018 saw Mid-valley Services place emphasis on $200k-400k loans with 42 originations, totaling $12,420,000 in origination value.
Applicant Income
Mid-valley Services lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $150k-250k, with 21 originations.
Applicant Debt to Income Ratio
Mid-valley Services lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? 30-36%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.43%
Mid-valley Services has an average approval rate.
Pick Rate
Approvals leading to origination95.65%
Mid-valley Services has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 92 | $20,840,000 | $226,522 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $225,000 | $225,000 |
| Single Family (1-4 Units):Site-Built | 91 | $20,615,000 | $226,538 |