Tulare County Mortgage Rates, Fees & Info

Tulare, CA

LEI: 549300EIBXII5C4D4548

Tax ID: 94-1175535

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Mortgage Data

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, Fresno, Hanford, and Bakersfield among others. We have data for 5 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.

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Originations

134

Origination Dollar Volume (All Markets)

$15,810,000

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) 125 $14,105,000 $112,840 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 3 $1,185,000 $395,000 $0 0.00%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 4 $360,000 $90,000 $0 0.00%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Outside of Metro Areas 1 $25,000 $25,000 $0 0.00%
Tulare County's top markets include Visalia, Fresno, Hanford, and Bakersfield among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 134 $15,810,000 $117,985 $0 0.00%

    For 2021, Tulare County's most frequently originated type of loan was Conventional, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 66 $3,190,000 $48,333 $0 0.00%
    Cash Out Refi 30 $6,370,000 $212,333 $0 0.00%
    Refi 18 $2,580,000 $143,333 $0 0.00%
    Other 15 $1,555,000 $103,667 $0 0.00%
    Home Purchase 5 $2,115,000 $423,000 $0 0.00%

    For 2021, Tulare County's most frequently cited loan purpose was Home Improvement, with 66 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 134 $15,810,000 $117,985 $0 0.00%

    For 2021, Tulare County's most frequently cited loan duration was Other, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 78 $3,250,000 $41,667 $0 0.00%
    $100k-200k 27 $3,865,000 $143,148 $0 0.00%
    $200k-400k 25 $6,595,000 $263,800 $0 0.00%
    $400k-600k 3 $1,245,000 $415,000 $0 0.00%
    $600k-1MM 1 $855,000 $855,000 $0 0.00%

    2021 saw Tulare County place emphasis on $100,000 or less loans with 78 originations, totaling $3,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $3,945,000 $96,220 $0 0.00%
    $150k-250k 32 $4,340,000 $135,625 $0 0.00%
    $75k-100k 22 $3,100,000 $140,909 $0 0.00%
    $50k or less 18 $1,650,000 $91,667 $0 0.00%
    $50k-75k 14 $1,950,000 $139,286 $0 0.00%
    $250k+ 7 $825,000 $117,857 $0 0.00%

    Tulare County lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 134 $15,810,000 $117,985 $0 0.00%

    Tulare County lent most frequently to those with DTI ratios of Exempt%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $11,290,000 $131,279 $0 0.00%
    Not provided 43 $3,775,000 $87,791 $0 0.00%
    Black 3 $445,000 $148,333 $0 0.00%
    American Indian 1 $205,000 $205,000 $0 0.00%
    Asian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.02%

    Tulare County has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.63%

    Tulare County has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 134 $15,810,000 $117,985

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    134 $15,810,000 $117,985