Patelco Mortgage Rates, Fees & Info

Pleasanton, CA

LEI: 549300EM6UG8HE3P8U74

Tax ID: 94-0755684

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Patelco is a smaller mortgage company specializing in Other and Home Purchase loans. Patelco has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, San Jose, Sacramento, Santa Rosa, and Vallejo among others. We have data for 34 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 a low 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% 12/16/24
    30 Year Conventional Purchase 6.09% 12/16/24
    30 Year Conventional Refi 6.24% 12/16/24
    30 Year Cash-out Refi 6.48% 12/16/24
    15 Year Conventional Purchase 5.98% 12/16/24
    15 Year Conventional Refi 5.88% 12/16/24
    15 Year Cash-out Refi 5.88% 12/16/24
    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

    3,542

    Origination Dollar Volume (All Markets)

    $875,730,000
    Show all (17) awards

    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) 2,121 $559,875,000 $263,967 $3,053 4.99%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 264 $104,250,000 $394,886 $2,595 4.78%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 536 $88,540,000 $165,187 $2,258 5.07%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 134 $30,910,000 $230,672 $2,494 4.97%
    VALLEJO, CA (FHA|USDA|VA) 119 $20,585,000 $172,983 $2,189 5.17%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 44 $14,360,000 $326,364 $3,803 4.91%
    STOCKTON, CA (FHA|USDA|VA) 94 $14,210,000 $151,170 $1,902 5.13%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 26 $6,840,000 $263,077 $3,158 4.89%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 16 $6,680,000 $417,500 $5,051 4.61%
    NAPA, CA (FHA|USDA|VA) 24 $4,290,000 $178,750 $2,891 5.23%
    MODESTO, CA (FHA|USDA|VA) 24 $4,230,000 $176,250 $2,479 5.13%
    SALINAS, CA (FHA|USDA|VA) 12 $3,640,000 $303,333 $2,763 4.59%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 21 $3,075,000 $146,429 $3,365 4.80%
    Outside of Metro Areas 20 $2,570,000 $128,500 $3,062 5.02%
    FRESNO, CA (FHA|USDA|VA) 11 $1,985,000 $180,455 $2,517 5.27%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 11 $1,565,000 $142,273 $3,055 4.66%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 7 $1,325,000 $189,286 $2,663 4.97%
    Sonora, CA (FHA|USDA|VA) 5 $815,000 $163,000 $3,616 4.98%
    MERCED, CA (FHA|USDA|VA) 8 $730,000 $91,250 $2,097 4.91%
    Ukiah, CA (FHA|USDA|VA) 4 $710,000 $177,500 $2,003 4.65%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $670,000 $335,000 $5,836 4.91%
    BAKERSFIELD, CA (FHA|USDA|VA) 5 $595,000 $119,000 $2,443 4.83%
    CHICO, CA (FHA|USDA|VA) 6 $580,000 $96,667 $2,022 4.96%
    REDDING, CA (FHA|USDA|VA) 6 $560,000 $93,333 $2,797 5.49%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $550,000 $137,500 $0 5.50%
    VISALIA, CA (FHA|USDA|VA) 3 $315,000 $105,000 $3,095 5.21%
    YUBA CITY, CA (FHA|USDA|VA) 3 $295,000 $98,333 $2,096 5.07%
    Clearlake, CA (FHA|USDA|VA) 4 $260,000 $65,000 $0 5.68%
    Eureka-Arcata, CA (FHA|USDA|VA) 2 $250,000 $125,000 $1,106 5.30%
    MADERA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $3,569 4.38%
    DANVILLE, IL (FHA|USDA|VA) 1 $105,000 $105,000 $1,625 3.75%
    Red Bluff, CA (FHA|USDA|VA) 2 $90,000 $45,000 $3,312 4.81%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $65,000 $65,000 $2,467 4.88%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    Patelco's top markets include San Francisco, San Jose, Sacramento, Santa Rosa, and Vallejo among others.

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

    Monterey Credit Union
    Similarity Rank: 16
    SANTA CLARA COUNTY
    Similarity Rank: 20
    MYPOINT Credit Union
    Similarity Rank: 55
    FRONTWAVE
    Similarity Rank: 176
    Valley First Credit Union
    Similarity Rank: 187
    LBS FINANCIAL
    Similarity Rank: 210
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 240
    Cabrillo Credit Union
    Similarity Rank: 248
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,854 $228,670,000 $123,339 n/a 5.30%
    Conventional 1,688 $647,060,000 $383,329 $2,800 4.66%

    For 2018, Patelco's most frequently originated type of loan was HELOC, with 1,854 originations. Their 2nd most popular type was Conventional, with 1,688 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 1,476 $257,850,000 $174,695 $1,413 5.16%
    Home Improvement 901 $108,815,000 $120,771 $506 5.35%
    Home Purchase 662 $316,060,000 $477,432 $5,440 4.52%
    Cash Out Refi 363 $130,615,000 $359,821 $2,215 4.69%
    Refi 140 $62,390,000 $445,643 $2,473 4.00%

    For 2018, Patelco's most frequently cited loan purpose was Other, with 1,476 originations. The 2nd most popular reason was Home Improvement, with 901 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,921 $231,865,000 $120,700 $34 5.30%
    30 Year 1,076 $574,880,000 $534,275 $3,985 4.27%
    15 Year 250 $37,120,000 $148,480 $1,175 4.97%
    20 Year 229 $27,405,000 $119,672 $474 5.73%
    10 Year 66 $4,460,000 $67,576 $368 5.35%

    For 2018, Patelco's most frequently cited loan duration was Other, with 1,921 originations. The 2nd most popular length was 30 Year, with 1,076 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,588 $600,820,000 $378,350
    $1k-2k 26 $11,440,000 $440,000
    $5k+ 25 $16,495,000 $659,800
    $2k-3k 20 $8,340,000 $417,000
    $4k-5k 14 $5,800,000 $414,286
    $3k-4k 10 $3,720,000 $372,000

    Patelco's average total fees were $3,985, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,588 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,518 $431,930,000 $284,539
    5-6% 1,434 $178,520,000 $124,491
    3-4% 428 $249,750,000 $583,528
    6-7% 153 $14,095,000 $92,124
    7-8% 7 $605,000 $86,429
    2.5-3% 2 $830,000 $415,000

    During 2018, Patelco's average interest rate for loans was 4.27%, while their most frequently originated rate bucket for loans was 4-5%, with 1,518 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,244 $68,900,000 $55,386 $352 5.44%
    $100k-200k 852 $113,490,000 $133,204 $1,603 5.18%
    $200k-400k 706 $191,320,000 $270,992 $2,980 4.85%
    $400k-600k 347 $172,835,000 $498,084 $3,714 4.33%
    $600k-1MM 325 $242,575,000 $746,385 $4,839 4.04%
    $1MM+ 68 $86,610,000 $1,273,676 $6,044 3.94%

    2018 saw Patelco place emphasis on $100,000 or less loans with 1,244 originations, totaling $68,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,182 $339,330,000 $287,081 $3,248 4.96%
    $100k-150k 1,020 $192,920,000 $189,137 $2,274 5.07%
    $250k+ 501 $232,695,000 $464,461 $4,377 4.86%
    $75k-100k 449 $63,965,000 $142,461 $2,061 5.07%
    $50k-75k 299 $36,995,000 $123,729 $1,973 4.99%
    $50k or less 91 $9,825,000 $107,967 $2,254 4.89%

    Patelco lent most frequently to those with incomes in the $150k-250k range, with 1,182 originations. The second most popular income band? $100k-150k, with 1,020 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 789 $209,005,000 $264,899 $2,965 4.96%
    20-30% 569 $134,295,000 $236,019 $2,767 4.92%
    44% 301 $55,065,000 $182,940 $2,207 5.18%
    40% 217 $54,305,000 $250,253 $3,116 5.05%
    39% 216 $58,690,000 $271,713 $3,260 5.05%
    43% 202 $36,910,000 $182,723 $1,993 5.18%
    38% 196 $55,040,000 $280,816 $3,173 5.00%
    41% 193 $43,365,000 $224,689 $2,743 5.08%
    37% 189 $50,985,000 $269,762 $2,527 4.95%
    42% 173 $35,405,000 $204,653 $1,983 5.15%
    36% 154 $48,390,000 $314,221 $3,502 4.92%
    <20% 99 $23,165,000 $233,990 $2,560 4.59%
    45% 80 $19,900,000 $248,750 $2,601 4.90%
    46% 37 $9,105,000 $246,081 $3,436 5.03%
    47% 32 $10,690,000 $334,063 $3,765 4.96%
    48% 32 $11,890,000 $371,563 $3,019 4.55%
    49% 32 $10,130,000 $316,563 $2,809 4.60%
    50-60% 24 $6,070,000 $252,917 $1,944 5.21%
    >60% 7 $3,325,000 $475,000 $2,908 4.17%

    Patelco lent most frequently to those with DTI ratios of 30-36%, with 789 originations. The next most common DTI ratio? 20-30%, with 569 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,483 $331,845,000 $223,766 $2,637 5.04%
    Not provided 1,219 $284,815,000 $233,646 $2,859 4.99%
    Asian 529 $180,565,000 $341,333 $3,267 4.83%
    Black 139 $28,475,000 $204,856 $1,964 5.28%
    Asian Indian 56 $23,950,000 $427,679 $4,141 4.50%
    Filipino 45 $11,005,000 $244,556 $2,726 5.17%
    Chinese 13 $4,065,000 $312,692 $2,300 4.75%
    Native Hawaiian or Islander 17 $3,815,000 $224,412 $1,879 5.11%
    American Indian 22 $3,450,000 $156,818 $1,360 5.15%
    Other Asian 7 $1,725,000 $246,429 $6,534 5.11%
    Japanese 3 $625,000 $208,333 $1,692 5.16%
    Korean 2 $550,000 $275,000 $5,307 4.31%
    Vietnamese 3 $485,000 $161,667 $0 5.50%
    Other Pacific Islander 4 $360,000 $90,000 $1,442 5.56%

    Approval Rates

    Total approvals of all applications
    79.44%

    Patelco has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.48%

    Patelco has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,542 $875,730,000 $247,242

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $320,000 $160,000
    Single Family (1-4 Units):Site-Built 3,540 $875,410,000 $247,291

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 576 $135,980,000 $236,076 $2,326 4.96%
    40-60% 266 $115,950,000 $435,902 $2,957 4.29%
    60-80% 507 $289,135,000 $570,286 $3,978 4.26%
    80-100% 262 $150,280,000 $573,588 $5,136 4.41%
    Under 20% 1,931 $184,385,000 $95,487 $360 5.37%