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 and Refi 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 by origination volume include: Fresno, Madera, Sacramento, Hanford, and Bakersfield among others. We have data for 11 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 a high 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% | 11/21/24 |
| 30 Year Conventional Refi | 7.19% | 11/21/24 |
| 30 Year Cash-out Refi | 13.10% | 11/21/24 |
| 30 Year FHA Refi | 6.27% | 11/21/24 |
| 30 Year VA Purchase | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 6.05% | 11/21/24 |
| 15 Year Conventional Refi | 6.21% | 11/21/24 |
| 15 Year Cash-out Refi | 6.21% | 11/21/24 |
| 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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This is not an official calculator from Mid-valley Services. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
131Origination Dollar Volume (All Markets)
$42,095,000Top 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) | 101 | $32,965,000 | $326,386 | $6,516 | 6.94% |
| MADERA, CA (FHA|USDA|VA) | 9 | $2,505,000 | $278,333 | $24,943 | 8.10% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $2,235,000 | $745,000 | $5,158 | 6.25% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $9,338 | 8.17% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $3,518 | 5.79% |
| MODESTO, CA (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $18,809 | 7.92% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,764 | 4.46% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,608 | 4.50% |
| MERCED, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,121 | 9.99% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,050 | 11.50% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $0 | 11.00% |
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 | 126 | $40,590,000 | $322,143 | $8,310 | 7.20% |
| FHA | 3 | $775,000 | $258,333 | $8,602 | 3.63% |
| VA | 2 | $730,000 | $365,000 | $5,089 | 3.19% |
For 2019, Mid-valley Services's most frequently originated type of loan was Conventional, with 126 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2019, Mid-valley Services's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Refi, with 42 originations.
Loan Duration/Length
For 2019, Mid-valley Services's most frequently cited loan duration was 30 Year, with 99 originations. The 2nd most popular length was 1 Year, with 10 originations.
Origination Fees/Closing Costs
Mid-valley Services's average total fees were $8,454, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 32 originations.
Interest Rates
During 2019, Mid-valley Services's average interest rate for loans was 6.03%, while their most frequently originated rate bucket for loans was Over 8%, with 61 originations.
Loan Sizing
2019 saw Mid-valley Services place emphasis on $200k-400k loans with 57 originations, totaling $16,115,000 in origination value.
Applicant Income
Mid-valley Services lent most frequently to those with incomes in the $150k-250k range, with 28 originations. The second most popular income band? $100k-150k, with 24 originations.
Applicant Debt to Income Ratio
Mid-valley Services lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? 30-36%, with 17 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.59%
Mid-valley Services has an average approval rate.
Pick Rate
Approvals leading to origination88.55%
Mid-valley Services has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 131 | $42,095,000 | $321,336 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $85,000 | $85,000 |
| Single Family (1-4 Units):Site-Built | 130 | $42,010,000 | $323,154 |