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

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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 and Cash Out Refi loans. Tulare County has a high proportion of conventional loans. Their top markets by origination volume include: Visalia, San Luis Obispo, Brookings, Sonora, and Fresno among others. We have data for 6 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.

    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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    Originations

    110

    Origination Dollar Volume (All Markets)

    $12,410,000

    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) 99 $11,295,000 $114,091 $0 0.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    Brookings, OR (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    Sonora, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Outside of Metro Areas 7 $205,000 $29,286 $0 0.00%
    FRESNO, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Tulare County's top markets include Visalia, San Luis Obispo, Brookings, Sonora, and Fresno among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 110 $12,410,000 $112,818 $0 0.00%

    For 2020, Tulare County's most frequently originated type of loan was Conventional, with 110 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 72 $3,700,000 $51,389 $0 0.00%
    Cash Out Refi 14 $4,320,000 $308,571 $0 0.00%
    Refi 13 $2,335,000 $179,615 $0 0.00%
    Other 7 $865,000 $123,571 $0 0.00%
    Home Purchase 4 $1,190,000 $297,500 $0 0.00%

    For 2020, Tulare County's most frequently cited loan purpose was Home Improvement, with 72 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 110 $12,410,000 $112,818 $0 0.00%

    For 2020, Tulare County's most frequently cited loan duration was Other, with 110 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $2,680,000 $38,286 $0 0.00%
    $200k-400k 19 $5,235,000 $275,526 $0 0.00%
    $100k-200k 18 $2,710,000 $150,556 $0 0.00%
    $400k-600k 2 $1,050,000 $525,000 $0 0.00%
    $600k-1MM 1 $735,000 $735,000 $0 0.00%

    2020 saw Tulare County place emphasis on $100,000 or less loans with 70 originations, totaling $2,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 34 $3,250,000 $95,588 $0 0.00%
    $150k-250k 24 $3,570,000 $148,750 $0 0.00%
    $50k-75k 20 $1,740,000 $87,000 $0 0.00%
    $75k-100k 19 $2,555,000 $134,474 $0 0.00%
    $250k+ 9 $1,005,000 $111,667 $0 0.00%
    $50k or less 4 $290,000 $72,500 $0 0.00%

    Tulare County lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $150k-250k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 110 $12,410,000 $112,818 $0 0.00%

    Tulare County lent most frequently to those with DTI ratios of Exempt%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 81 $9,905,000 $122,284 $0 0.00%
    Not provided 22 $1,750,000 $79,545 $0 0.00%
    American Indian 3 $305,000 $101,667 $0 0.00%
    Asian Indian 1 $205,000 $205,000 $0 0.00%
    Black 1 $195,000 $195,000 $0 0.00%
    Not applicable 2 $50,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.22%

    Tulare County has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.09%

    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
    Exempt 110 $12,410,000 $112,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 110 $12,410,000 $112,818