Patelco Mortgage Rates, Fees & InfoPleasanton, CA
Tax ID: 94-0755684
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewPatelco 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.86%||5/27/23|
|30 Year Conventional Purchase||6.09%||5/27/23|
|30 Year Conventional Refi||6.24%||5/27/23|
|30 Year Cash-out Refi||6.48%||5/27/23|
|15 Year Conventional Purchase||5.98%||5/27/23|
|15 Year Conventional Refi||5.88%||5/27/23|
|15 Year Cash-out Refi||5.88%||5/27/23|
|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 EstimatesEstimated 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.
Origination Dollar Volume (All Markets)$1,236,395,000
PATELCO - 2022
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For 2022, less than of lenders were eligible for this award.
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Patelco's average 30 year fixed mortgage rate was
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.
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%|
Their top states include:
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
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.
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.
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
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.
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.
2022 saw Patelco place emphasis on $100,000 or less loans with 1,234 originations, totaling $72,670,000 in origination value.
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
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.
Approval RatesTotal approvals of all applications
Patelco has a below average approval rate.
Pick RateApprovals leading to origination
Patelco has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
Occupancy Type Mix
|Dwelling Type||Originations||Total Value||Average Loan|