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. 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: Visalia, San Luis Obispo, Bakersfield, Hanford, and Fresno 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.

    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

    135

    Origination Dollar Volume (All Markets)

    $10,705,000

    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) 128 $8,850,000 $69,141 $0 0.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $1,415,000 $471,667 $0 0.00%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    FRESNO, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Tulare County's top markets include Visalia, San Luis Obispo, Bakersfield, Hanford, and Fresno among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 134 $10,680,000 $79,701 $0 0.00%
    FHA 1 $25,000 $25,000 $0 0.00%

    For 2022, Tulare County's most frequently originated type of loan was Conventional, with 134 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 93 $5,035,000 $54,140 $0 0.00%
    Other 20 $1,210,000 $60,500 $0 0.00%
    Cash Out Refi 10 $2,260,000 $226,000 $0 0.00%
    Refi 9 $1,305,000 $145,000 $0 0.00%
    Home Purchase 3 $895,000 $298,333 $0 0.00%

    For 2022, Tulare County's most frequently cited loan purpose was Home Improvement, with 93 originations. The 2nd most popular reason was Other, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 135 $10,705,000 $79,296 $0 0.00%

    For 2022, Tulare County's most frequently cited loan duration was Other, with 135 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 110 $4,980,000 $45,273 $0 0.00%
    $100k-200k 15 $2,145,000 $143,000 $0 0.00%
    $200k-400k 6 $1,460,000 $243,333 $0 0.00%
    $400k-600k 3 $1,415,000 $471,667 $0 0.00%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    2022 saw Tulare County place emphasis on $100,000 or less loans with 110 originations, totaling $4,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 40 $3,220,000 $80,500 $0 0.00%
    $100k-150k 36 $2,650,000 $73,611 $0 0.00%
    $75k-100k 27 $1,585,000 $58,704 $0 0.00%
    $50k-75k 17 $1,735,000 $102,059 $0 0.00%
    $50k or less 10 $650,000 $65,000 $0 0.00%
    $250k+ 5 $865,000 $173,000 $0 0.00%

    Tulare County lent most frequently to those with incomes in the $150k-250k range, with 40 originations. The second most popular income band? $100k-150k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 135 $10,705,000 $79,296 $0 0.00%

    Tulare County lent most frequently to those with DTI ratios of Exempt%, with 135 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 75 $6,085,000 $81,133 $0 0.00%
    Not provided 51 $4,215,000 $82,647 $0 0.00%
    American Indian 3 $155,000 $51,667 $0 0.00%
    Asian 2 $100,000 $50,000 $0 0.00%
    Black 3 $85,000 $28,333 $0 0.00%
    Vietnamese 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.84%

    Tulare County has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.81%

    Tulare County has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 135 $10,705,000 $79,296

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    135 $10,705,000 $79,296