Patelco Mortgage Rates, Fees & Info

Pleasanton, CA

LEI: 549300EM6UG8HE3P8U74

Tax ID: 94-0755684

5 stars - Updated: 2/25/24 - out of 5 stars, based on 67 reviews

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

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Mortgage Data

Review & Overview

Patelco is a small mortgage company specializing in Other, Home Improvement, and Home Purchase loans. Patelco has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, San Jose, Sacramento, Stockton, and Santa Rosa among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)

Patelco 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. Patelco 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
Home Equity Line of Credit (HELOC) 6.86% 2/25/24
30 Year Conventional Purchase 6.09% 2/25/24
30 Year Conventional Refi 6.24% 2/25/24
30 Year Cash-out Refi 6.48% 2/25/24
15 Year Conventional Purchase 5.98% 2/25/24
15 Year Conventional Refi 5.88% 2/25/24
15 Year Cash-out Refi 5.88% 2/25/24
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.

Patelco Mortgage Calculator






Your Estimates

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

This is not an official calculator from Patelco. 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

4,535

Origination Dollar Volume (All Markets)

$1,236,395,000

Awards

PATELCO 30 Year Conventional Loans bronze PATELCO 30 Year Conventional Loans silver PATELCO 30 Year Conventional Loans bronze PATELCO 30 Year Conventional Loans gold
Show all (4) awards

Relative Rate

Patelco's average 30 year fixed mortgage rate was 4.09%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.67%.

Relative Fees (Closing Costs)

Patelco's average total fees/closing costs for a 30 year fixed rate mortgage were $6,178.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2,528 $755,170,000 $298,722 $3,467 4.86%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 336 $154,760,000 $460,595 $3,480 4.73%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 811 $138,385,000 $170,635 $1,641 5.06%
STOCKTON, CA (FHA|USDA|VA) 182 $47,730,000 $262,253 $2,865 5.07%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 129 $28,315,000 $219,496 $2,511 4.91%
VALLEJO, CA (FHA|USDA|VA) 169 $27,975,000 $165,533 $1,773 5.09%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 72 $24,310,000 $337,639 $3,424 5.11%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 33 $7,455,000 $225,909 $1,693 5.08%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 35 $6,895,000 $197,000 $1,497 5.36%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 28 $6,640,000 $237,143 $3,384 4.67%
MODESTO, CA (FHA|USDA|VA) 47 $5,485,000 $116,702 $1,201 5.28%
Truckee-Grass Valley, CA (FHA|USDA|VA) 18 $4,560,000 $253,333 $2,990 4.85%
NAPA, CA (FHA|USDA|VA) 16 $3,430,000 $214,375 $2,051 5.16%
Outside of Metro Areas 20 $3,400,000 $170,000 $2,906 5.11%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 8 $3,220,000 $402,500 $5,962 4.52%
Sonora, CA (FHA|USDA|VA) 8 $2,700,000 $337,500 $4,472 5.23%
SALINAS, CA (FHA|USDA|VA) 12 $2,370,000 $197,500 $478 5.19%
FRESNO, CA (FHA|USDA|VA) 9 $2,215,000 $246,111 $2,693 4.88%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 10 $1,840,000 $184,000 $2,458 4.58%
Eureka-Arcata, CA (FHA|USDA|VA) 10 $1,610,000 $161,000 $3,224 4.36%
MERCED, CA (FHA|USDA|VA) 13 $1,605,000 $123,462 $1,093 4.82%
YUBA CITY, CA (FHA|USDA|VA) 9 $1,365,000 $151,667 $1,092 5.15%
Ukiah, CA (FHA|USDA|VA) 6 $1,200,000 $200,000 $3,375 3.88%
CHICO, CA (FHA|USDA|VA) 6 $730,000 $121,667 $1,798 5.56%
REDDING, CA (FHA|USDA|VA) 6 $730,000 $121,667 $1,502 5.94%
MADERA, CA (FHA|USDA|VA) 3 $685,000 $228,333 $2,537 5.37%
Red Bluff, CA (FHA|USDA|VA) 2 $610,000 $305,000 $3,122 5.81%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $300,000 $150,000 $0 5.50%
Clearlake, CA (FHA|USDA|VA) 2 $280,000 $140,000 $3,985 5.75%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $270,000 $67,500 $833 4.59%
VISALIA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $2,576 6.63%
Patelco's top markets include San Francisco, San Jose, Sacramento, Stockton, and Santa Rosa among others.

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

    We use machine learning to identify the top lenders compared against PATELCO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,675 $479,155,000 $179,123 n/a 5.20%
    Conventional 1,860 $757,240,000 $407,118 $2,890 4.52%

    For 2022, Patelco's most frequently originated type of loan was HELOC, with 2,675 originations. Their 2nd most popular type was Conventional, with 1,860 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 1,793 $318,645,000 $177,716 $693 5.05%
    Home Improvement 1,769 $302,745,000 $171,139 $410 5.12%
    Home Purchase 750 $520,200,000 $693,600 $7,263 4.45%
    Cash Out Refi 142 $58,960,000 $415,211 $2,775 3.92%
    Refi 81 $35,845,000 $442,531 $2,543 3.83%

    For 2022, Patelco's most frequently cited loan purpose was Other, with 1,793 originations. The 2nd most popular reason was Home Improvement, with 1,769 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 2,720 $481,820,000 $177,140 $33 5.20%
    30 Year 810 $626,760,000 $773,778 $6,178 4.09%
    20 Year 437 $61,785,000 $141,384 $307 5.03%
    15 Year 292 $41,690,000 $142,774 $654 4.73%
    10 Year 276 $24,340,000 $88,188 $165 4.63%

    For 2022, Patelco's most frequently cited loan duration was Other, with 2,720 originations. The 2nd most popular length was 30 Year, with 810 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,681 $641,875,000 $381,841
    $1k-2k 77 $37,575,000 $487,987
    $2k-3k 36 $24,790,000 $688,611
    $5k+ 29 $28,495,000 $982,586
    $3k-4k 23 $14,995,000 $651,957
    $4k-5k 10 $8,410,000 $841,000

    Patelco's average total fees were $6,178, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,681 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,507 $479,705,000 $318,318
    4-5% 1,182 $337,510,000 $285,541
    5-6% 830 $175,940,000 $211,976
    6-7% 546 $83,260,000 $152,491
    7-8% 221 $38,975,000 $176,357
    2.5-3% 117 $93,555,000 $799,615
    Over 8% 96 $12,530,000 $130,521
    <2.5% 36 $14,920,000 $414,444

    During 2022, Patelco's average interest rate for loans was 4.09%, while their most frequently originated rate bucket for loans was 3-4%, with 1,507 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,234 $72,670,000 $58,890 $90 5.29%
    $100k-200k 1,234 $165,370,000 $134,011 $486 5.14%
    $200k-400k 1,160 $297,460,000 $256,431 $2,180 4.84%
    $400k-600k 385 $180,005,000 $467,545 $4,082 4.64%
    $600k-1MM 309 $238,985,000 $773,414 $6,735 4.01%
    $1MM+ 213 $281,905,000 $1,323,498 $8,395 3.82%

    2022 saw Patelco place emphasis on $100,000 or less loans with 1,234 originations, totaling $72,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,670 $454,540,000 $272,180 $3,026 4.89%
    $250k+ 1,148 $527,640,000 $459,617 $5,066 4.94%
    $100k-150k 1,071 $173,805,000 $162,283 $1,549 4.94%
    $75k-100k 387 $50,615,000 $130,788 $1,314 5.04%
    $50k-75k 204 $24,250,000 $118,873 $1,643 4.80%
    $50k or less 55 $5,545,000 $100,818 $2,153 4.80%

    Patelco lent most frequently to those with incomes in the $150k-250k range, with 1,670 originations. The second most popular income band? $250k+, with 1,148 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 905 $259,355,000 $286,580 $3,262 4.82%
    20-30% 712 $214,420,000 $301,152 $3,306 4.59%
    44% 532 $106,350,000 $199,906 $1,272 5.42%
    43% 317 $73,485,000 $231,814 $1,961 5.21%
    40% 260 $71,790,000 $276,115 $2,869 5.08%
    39% 250 $75,490,000 $301,960 $3,483 5.01%
    42% 245 $63,655,000 $259,816 $2,607 5.01%
    41% 240 $67,660,000 $281,917 $2,547 4.94%
    38% 237 $74,765,000 $315,464 $4,010 4.85%
    37% 210 $61,300,000 $291,905 $2,950 4.94%
    36% 165 $49,315,000 $298,879 $3,673 4.90%
    <20% 156 $38,140,000 $244,487 $2,756 4.45%
    45% 77 $20,875,000 $271,104 $2,620 5.00%
    49% 60 $16,200,000 $270,000 $2,609 4.64%
    46% 52 $14,830,000 $285,192 $2,870 4.93%
    47% 47 $12,445,000 $264,787 $3,544 4.94%
    48% 37 $11,275,000 $304,730 $3,508 4.33%
    50-60% 24 $3,050,000 $127,083 $529 5.45%
    >60% 3 $785,000 $261,667 $1,997 4.46%

    Patelco lent most frequently to those with DTI ratios of 30-36%, with 905 originations. The next most common DTI ratio? 20-30%, with 712 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,950 $444,580,000 $227,990 $2,274 4.94%
    Not provided 1,267 $342,405,000 $270,249 $2,859 4.90%
    Asian 854 $306,630,000 $359,052 $4,040 4.87%
    Asian Indian 95 $65,325,000 $687,632 $5,451 4.42%
    Black 223 $40,875,000 $183,296 $1,413 5.37%
    American Indian 44 $9,890,000 $224,773 $2,777 5.22%
    Filipino 36 $8,620,000 $239,444 $2,801 4.64%
    Other Asian 15 $6,635,000 $442,333 $6,866 5.32%
    Chinese 12 $5,050,000 $420,833 $5,637 4.24%
    Native Hawaiian or Islander 27 $4,285,000 $158,704 $1,197 4.81%
    Other Pacific Islander 4 $800,000 $200,000 $2,861 4.38%
    Japanese 3 $425,000 $141,667 $0 5.42%
    Korean 3 $365,000 $121,667 $0 3.92%
    Guamanian 1 $255,000 $255,000 $0 3.75%
    Vietnamese 1 $255,000 $255,000 $0 3.75%

    Approval Rates

    Total approvals of all applications
    79.59%

    Patelco has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.98%

    Patelco has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,535 $1,236,395,000 $272,634

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,535 $1,236,395,000 $272,634

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 827 $227,645,000 $275,266 $1,770 5.00%
    40-60% 205 $108,225,000 $527,927 $4,053 4.01%
    60-80% 265 $205,725,000 $776,321 $6,073 4.09%
    80-100% 341 $310,245,000 $909,809 $7,577 4.19%
    Under 20% 2,887 $382,815,000 $132,600 $184 5.13%