Mid-valley Services Mortgage Rates, Fees & Info

FRESNO, CA

LEI: 54930072YJBZ4YV3DY74

Tax ID: 77-0329262

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Visalia, Santa Maria, and San Francisco among others. We have data for 20 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Mid-valley Services. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    348

    Origination Dollar Volume (All Markets)

    $101,310,000

    Awards

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

    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) 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.

    Their top states include:
  • California (FHA|USDA|VA)

    • 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.

    PACIFIC SERVICE
    Similarity Rank: 1485
    Fremont Bank
    Similarity Rank: 1677
    CALLISTO GROUP, INC.
    Similarity Rank: 2150
    CUSTOMER SERVICE MORTGAGE CORPORATION
    Similarity Rank: 3322
    Educational Employees Credit Union
    Similarity Rank: 3366
    General Mortgage Capital Corporation
    Similarity Rank: 3565
    Zions Bank
    Similarity Rank: 3720
    KINGS MORTGAGE SERVICES, INC.
    Similarity Rank: 3892
    GOOGAIN, INC.
    Similarity Rank: 4023
    MID-VALLEY SERVICES, INC.
    Similarity Rank: 4240

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Mid-valley Services's most frequently originated type of loan was Conventional, with 346 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Mid-valley Services's most frequently cited loan purpose was Refi, with 222 originations. The 2nd most popular reason was 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 2021, Mid-valley Services's most frequently cited loan duration was 30 Year, with 265 originations. The 2nd most popular length was 15 Year, with 50 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 126 $35,970,000 $285,476
    $3k-4k 59 $16,065,000 $272,288
    $2k-3k 53 $11,085,000 $209,151
    $5k+ 43 $19,615,000 $456,163
    $4k-5k 37 $11,525,000 $311,486
    $<1k 21 $5,335,000 $254,048

    Mid-valley Services's average total fees were $5,363, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.23%, while their most frequently originated rate bucket for loans was 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
    98.72%

    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
    89.66%

    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%