Tulare County Mortgage Rates, Fees & Info

Tulare, CA

LEI: 549300EIBXII5C4D4548

Tax ID: 94-1175535

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Tulare County is a smaller mortgage company specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Tulare County has a high proportion of conventional loans. Their top markets by origination volume include: Visalia, San Luis Obispo, Hanford, and Chico among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tulare County has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Tulare County is typically a low 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.


    Originations

    99

    Origination Dollar Volume (All Markets)

    $7,235,000

    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
    VISALIA, CA (FHA|USDA|VA) 92 $6,280,000 $68,261 $1,134 4.97%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $525,000 $525,000 $4,291 4.38%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 4 $220,000 $55,000 $725 5.84%
    CHICO, CA (FHA|USDA|VA) 2 $210,000 $105,000 $428 4.50%
    Tulare County's top markets include Visalia, San Luis Obispo, Hanford, and Chico among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $7,235,000 $73,081 $1,135 4.99%

    For 2018, Tulare County's most frequently originated type of loan was Conventional, with 99 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 70 $2,810,000 $40,143 $493 4.96%
    Other 11 $705,000 $64,091 $991 5.81%
    Cash Out Refi 8 $1,630,000 $203,750 $3,940 4.81%
    Home Purchase 7 $1,765,000 $252,143 $4,094 4.54%
    Refi 3 $325,000 $108,333 $2,236 4.12%

    For 2018, Tulare County's most frequently cited loan purpose was Home Improvement, with 70 originations. The 2nd most popular reason was Other, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 42 $2,310,000 $55,000 $779 5.00%
    10 Year 33 $1,075,000 $32,576 $591 5.07%
    20 Year 10 $1,160,000 $116,000 $1,724 5.10%
    30 Year 10 $2,570,000 $257,000 $4,102 4.75%
    Other 4 $120,000 $30,000 $461 4.46%

    For 2018, Tulare County's most frequently cited loan duration was 15 Year, with 42 originations. The 2nd most popular length was 10 Year, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 7 $1,845,000 $263,571
    $1k-2k 6 $920,000 $153,333
    $2k-3k 2 $410,000 $205,000
    $3k-4k 2 $390,000 $195,000
    $4k-5k 1 $285,000 $285,000

    Tulare County's average total fees were $4,102, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 7 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 49 $4,095,000 $83,571
    5-6% 22 $1,230,000 $55,909
    3-4% 14 $1,050,000 $75,000
    6-7% 14 $860,000 $61,429

    During 2018, Tulare County's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 49 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 77 $2,855,000 $37,078 $567 4.98%
    $100k-200k 14 $1,920,000 $137,143 $2,423 5.27%
    $200k-400k 6 $1,510,000 $251,667 $4,309 4.65%
    $400k-600k 2 $950,000 $475,000 $4,428 4.19%

    2018 saw Tulare County place emphasis on $100,000 or less loans with 77 originations, totaling $2,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $1,980,000 $61,875 $985 4.99%
    $150k-250k 28 $1,880,000 $67,143 $808 4.81%
    $75k-100k 13 $835,000 $64,231 $841 4.72%
    $50k-75k 10 $850,000 $85,000 $1,951 5.62%
    $50k or less 9 $785,000 $87,222 $2,273 5.21%
    $250k+ 7 $905,000 $129,286 $1,040 4.96%

    Tulare County lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $150k-250k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 23 $1,095,000 $47,609 $701 4.98%
    30-36% 18 $1,720,000 $95,556 $1,321 5.14%
    39% 8 $220,000 $27,500 $396 4.95%
    <20% 8 $1,030,000 $128,750 $1,745 4.80%
    36% 7 $425,000 $60,714 $1,177 5.07%
    50-60% 6 $490,000 $81,667 $1,005 4.71%
    37% 4 $290,000 $72,500 $1,150 4.75%
    47% 4 $270,000 $67,500 $1,410 5.22%
    41% 3 $325,000 $108,333 $1,979 4.71%
    38% 3 $115,000 $38,333 $316 4.33%
    45% 3 $135,000 $45,000 $773 5.75%
    44% 3 $225,000 $75,000 $1,685 4.50%
    40% 3 $365,000 $121,667 $2,653 5.21%
    49% 3 $325,000 $108,333 $2,015 4.88%
    43% 1 $65,000 $65,000 $1,049 5.99%
    42% 1 $35,000 $35,000 $341 4.38%
    46% 1 $105,000 $105,000 $1,136 6.50%

    Tulare County lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 58 $4,840,000 $83,448 $1,318 5.08%
    Not provided 38 $2,230,000 $58,684 $903 4.83%
    American Indian 1 $95,000 $95,000 $886 6.75%
    Black 1 $45,000 $45,000 $341 4.25%
    Filipino 1 $25,000 $25,000 $341 4.75%

    Approval Rates

    Total approvals of all applications
    70.85%

    Tulare County has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.66%

    Tulare County has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 99 $7,235,000 $73,081

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 99 $7,235,000 $73,081

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $720,000 $90,000 $1,272 5.89%
    40-60% 4 $530,000 $132,500 $2,261 5.71%
    60-80% 11 $1,935,000 $175,909 $3,453 4.82%
    80-100% 5 $1,575,000 $315,000 $4,483 4.53%
    Under 20% 71 $2,475,000 $34,859 $461 4.90%