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 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 by origination volume include: Fresno, Madera, San Luis Obispo, Visalia, and Hanford among others. We have data for 16 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 about average 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
394Origination Dollar Volume (All Markets)
$112,790,000Awards
MID-VALLEY SERVICES - 2020
MID-VALLEY SERVICES is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 310 | $85,270,000 | $275,065 | $4,938 | 3.47% |
| MADERA, CA (FHA|USDA|VA) | 25 | $6,425,000 | $257,000 | $4,086 | 3.71% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $4,480,000 | $1,120,000 | $8,367 | 4.59% |
| VISALIA, CA (FHA|USDA|VA) | 16 | $4,260,000 | $266,250 | $5,260 | 5.39% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 8 | $1,960,000 | $245,000 | $4,079 | 3.08% |
| STOCKTON, CA (FHA|USDA|VA) | 5 | $1,825,000 | $365,000 | $5,382 | 2.95% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $4,506 | 2.65% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,595,000 | $531,667 | $8,305 | 3.29% |
| MODESTO, CA (FHA|USDA|VA) | 5 | $1,335,000 | $267,000 | $4,580 | 4.27% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $7,829 | 8.46% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $6,251 | 5.94% |
| MERCED, CA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $5,938 | 5.24% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $9,216 | 2.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,561 | 3.31% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $0 | 10.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,807 | 2.50% |
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
For 2020, Mid-valley Services's most frequently originated type of loan was Conventional, with 366 originations. Their 2nd most popular type was VA, with 18 originations.
Loan Reason
For 2020, Mid-valley Services's most frequently cited loan purpose was Refi, with 260 originations. The 2nd most popular reason was Home Purchase, with 78 originations.
Loan Duration/Length
For 2020, Mid-valley Services's most frequently cited loan duration was 30 Year, with 287 originations. The 2nd most popular length was 15 Year, with 47 originations.
Origination Fees/Closing Costs
Mid-valley Services's average total fees were $5,107, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 159 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 163 | $45,985,000 | $282,117 |
| 3-4% | 106 | $30,720,000 | $289,811 |
| <2.5% | 82 | $24,070,000 | $293,537 |
| Over 8% | 40 | $10,640,000 | $266,000 |
| 4-5% | 3 | $1,375,000 | $458,333 |
During 2020, Mid-valley Services's average interest rate for loans was 3.43%, while their most frequently originated rate bucket for loans was 2.5-3%, with 163 originations.
Loan Sizing
2020 saw Mid-valley Services place emphasis on $200k-400k loans with 226 originations, totaling $64,160,000 in origination value.
Applicant Income
Mid-valley Services lent most frequently to those with incomes in the $100k-150k range, with 94 originations. The second most popular income band? $75k-100k, with 80 originations.
Applicant Debt to Income Ratio
Mid-valley Services lent most frequently to those with DTI ratios of 20-30%, with 97 originations. The next most common DTI ratio? 30-36%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.17%
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 origination91.12%
Mid-valley Services has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 394 | $112,790,000 | $286,269 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 394 | $112,790,000 | $286,269 |