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 small 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, Stockton, and Santa Rosa among others. We have data for 33 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% 4/14/24
    30 Year Conventional Purchase 6.09% 4/14/24
    30 Year Conventional Refi 6.24% 4/14/24
    30 Year Cash-out Refi 6.48% 4/14/24
    15 Year Conventional Purchase 5.98% 4/14/24
    15 Year Conventional Refi 5.88% 4/14/24
    15 Year Cash-out Refi 5.88% 4/14/24
    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

    4,312

    Origination Dollar Volume (All Markets)

    $1,422,110,000
    Show all (16) 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) 2,457 $877,335,000 $357,076 $3,535 4.75%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 363 $183,405,000 $505,248 $3,110 4.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 713 $145,565,000 $204,158 $2,269 4.80%
    STOCKTON, CA (FHA|USDA|VA) 156 $45,210,000 $289,808 $3,415 4.60%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 159 $39,745,000 $249,969 $3,023 4.99%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 63 $32,985,000 $523,571 $4,530 4.46%
    VALLEJO, CA (FHA|USDA|VA) 158 $31,160,000 $197,215 $2,307 4.92%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 28 $11,720,000 $418,571 $3,765 4.18%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 24 $9,270,000 $386,250 $3,641 4.51%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 23 $6,795,000 $295,435 $3,328 4.34%
    MODESTO, CA (FHA|USDA|VA) 24 $5,380,000 $224,167 $2,709 4.98%
    Outside of Metro Areas 20 $4,940,000 $247,000 $3,224 4.31%
    SALINAS, CA (FHA|USDA|VA) 12 $3,930,000 $327,500 $1,927 4.51%
    NAPA, CA (FHA|USDA|VA) 17 $3,905,000 $229,706 $2,332 5.05%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 6 $2,430,000 $405,000 $4,641 4.30%
    MERCED, CA (FHA|USDA|VA) 15 $2,145,000 $143,000 $1,933 4.67%
    Sonora, CA (FHA|USDA|VA) 8 $2,050,000 $256,250 $3,005 4.22%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 4 $1,800,000 $450,000 $5,132 4.34%
    Clearlake, CA (FHA|USDA|VA) 8 $1,660,000 $207,500 $3,883 4.49%
    Ukiah, CA (FHA|USDA|VA) 6 $1,620,000 $270,000 $2,572 4.34%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,390,000 $231,667 $5,630 4.22%
    REDDING, CA (FHA|USDA|VA) 7 $1,285,000 $183,571 $4,221 4.43%
    FRESNO, CA (FHA|USDA|VA) 5 $1,175,000 $235,000 $5,006 4.46%
    YUBA CITY, CA (FHA|USDA|VA) 7 $1,085,000 $155,000 $2,705 4.70%
    CHICO, CA (FHA|USDA|VA) 5 $885,000 $177,000 $3,074 5.07%
    BAKERSFIELD, CA (FHA|USDA|VA) 6 $760,000 $126,667 $1,618 4.52%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $620,000 $310,000 $2,175 3.92%
    VISALIA, CA (FHA|USDA|VA) 2 $540,000 $270,000 $3,208 4.06%
    Eureka-Arcata, CA (FHA|USDA|VA) 2 $470,000 $235,000 $2,815 3.88%
    MADERA, CA (FHA|USDA|VA) 3 $385,000 $128,333 $2,242 4.32%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $225,000 $225,000 $5,181 4.03%
    PEORIA, IL (FHA|USDA|VA) 1 $135,000 $135,000 $2,247 4.94%
    Red Bluff, CA (FHA|USDA|VA) 1 $105,000 $105,000 $3,567 3.75%
    Patelco's top markets include San Francisco, San Jose, Sacramento, Stockton, and Santa Rosa 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.

    MYPOINT Credit Union
    Similarity Rank: 147
    Christian Community Credit Union
    Similarity Rank: 220
    COMMUNITY FIRST CREDIT UNION
    Similarity Rank: 290
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 318
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 707
    EXCITE Credit Union
    Similarity Rank: 817
    CommonWealth Central Credit Union
    Similarity Rank: 840

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,633 $1,209,235,000 $459,261 $3,198 4.11%
    HELOC 1,679 $212,875,000 $126,787 n/a 5.71%

    For 2019, Patelco's most frequently originated type of loan was Conventional, with 2,633 originations. Their 2nd most popular type was HELOC, with 1,679 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 1,578 $381,120,000 $241,521 $1,926 5.10%
    Home Improvement 944 $135,100,000 $143,114 $1,012 5.54%
    Home Purchase 821 $439,385,000 $535,183 $5,876 4.04%
    Cash Out Refi 510 $218,070,000 $427,588 $2,672 4.15%
    Refi 459 $248,435,000 $541,253 $2,899 3.65%

    For 2019, Patelco's most frequently cited loan purpose was Other, with 1,578 originations. The 2nd most popular reason was Home Improvement, with 944 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,886 $1,079,710,000 $572,487 $3,952 3.81%
    Other 1,744 $217,260,000 $124,576 $152 5.70%
    15 Year 307 $73,925,000 $240,798 $1,935 4.32%
    20 Year 249 $37,695,000 $151,386 $986 5.44%
    10 Year 126 $13,520,000 $107,302 $891 4.71%

    For 2019, Patelco's most frequently cited loan duration was 30 Year, with 1,886 originations. The 2nd most popular length was Other, with 1,744 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,329 $1,033,585,000 $443,789
    $1k-2k 137 $82,995,000 $605,803
    $5k+ 56 $34,680,000 $619,286
    $2k-3k 51 $31,245,000 $612,647
    $3k-4k 41 $17,765,000 $433,293
    $4k-5k 18 $8,190,000 $455,000

    Patelco's average total fees were $3,952, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,329 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,418 $772,100,000 $544,499
    5-6% 1,390 $176,570,000 $127,029
    4-5% 841 $306,965,000 $365,000
    6-7% 478 $47,500,000 $99,372
    2.5-3% 150 $114,840,000 $765,600
    7-8% 34 $2,890,000 $85,000
    <2.5% 1 $1,245,000 $1,245,000

    During 2019, Patelco's average interest rate for loans was 3.81%, while their most frequently originated rate bucket for loans was 3-4%, with 1,418 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,064 $59,230,000 $55,667 $483 5.73%
    $200k-400k 1,039 $290,665,000 $279,755 $2,786 4.55%
    $100k-200k 864 $116,310,000 $134,618 $1,780 5.32%
    $600k-1MM 587 $442,095,000 $753,143 $4,695 3.60%
    $400k-600k 579 $286,885,000 $495,484 $3,693 3.89%
    $1MM+ 179 $226,925,000 $1,267,737 $5,756 3.39%

    2019 saw Patelco place emphasis on $100,000 or less loans with 1,064 originations, totaling $59,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,549 $577,365,000 $372,734 $3,657 4.70%
    $100k-150k 1,129 $280,265,000 $248,242 $2,653 4.90%
    $250k+ 684 $400,430,000 $585,424 $4,528 4.51%
    $75k-100k 513 $97,835,000 $190,712 $2,338 4.83%
    $50k-75k 327 $52,855,000 $161,636 $2,212 4.68%
    $50k or less 108 $12,420,000 $115,000 $2,048 4.53%

    Patelco lent most frequently to those with incomes in the $150k-250k range, with 1,549 originations. The second most popular income band? $100k-150k, with 1,129 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 893 $335,925,000 $376,176 $3,435 4.55%
    20-30% 732 $263,700,000 $360,246 $3,341 4.44%
    44% 356 $83,790,000 $235,365 $2,420 5.29%
    39% 265 $94,965,000 $358,358 $3,266 4.83%
    43% 249 $64,955,000 $260,863 $2,665 5.10%
    38% 241 $79,185,000 $328,568 $3,128 4.85%
    40% 232 $72,200,000 $311,207 $2,889 4.87%
    42% 232 $57,040,000 $245,862 $2,747 5.09%
    41% 204 $59,780,000 $293,039 $2,464 5.03%
    36% 202 $68,970,000 $341,436 $3,508 4.77%
    37% 187 $69,635,000 $372,380 $3,752 4.80%
    <20% 184 $60,880,000 $330,870 $3,711 4.11%
    45% 97 $30,815,000 $317,680 $3,158 4.76%
    46% 64 $21,410,000 $334,531 $3,190 4.69%
    47% 62 $20,930,000 $337,581 $3,383 4.34%
    49% 50 $16,920,000 $338,400 $2,911 4.48%
    48% 35 $13,805,000 $394,429 $2,647 4.38%
    50-60% 21 $4,905,000 $233,571 $3,530 4.62%
    >60% 3 $1,045,000 $348,333 $3,223 4.53%

    Patelco lent most frequently to those with DTI ratios of 30-36%, with 893 originations. The next most common DTI ratio? 20-30%, with 732 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 1,575 $535,645,000 $340,092 $3,230 4.69%
    White 1,671 $473,465,000 $283,342 $2,917 4.86%
    Asian 645 $275,305,000 $426,829 $3,973 4.52%
    Asian Indian 93 $49,985,000 $537,473 $4,476 4.07%
    Black 186 $45,760,000 $246,022 $2,421 4.86%
    Filipino 50 $14,520,000 $290,400 $2,406 5.05%
    American Indian 31 $7,715,000 $248,871 $2,338 4.65%
    Chinese 11 $4,435,000 $403,182 $3,483 4.08%
    Other Asian 12 $4,400,000 $366,667 $2,223 4.46%
    Other Pacific Islander 11 $4,385,000 $398,636 $2,264 4.98%
    Native Hawaiian or Islander 16 $3,740,000 $233,750 $2,347 4.80%
    Japanese 7 $2,435,000 $347,857 $2,053 4.42%
    Korean 2 $160,000 $80,000 $410 5.75%
    Native Hawaiian 1 $85,000 $85,000 $329 6.25%
    Vietnamese 1 $75,000 $75,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    83.10%

    Patelco has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    79.96%

    Patelco has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,312 $1,422,110,000 $329,803

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $875,000 $175,000
    Single Family (1-4 Units):Site-Built 4,307 $1,421,235,000 $329,983

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 624 $153,780,000 $246,442 $2,509 4.89%
    40-60% 477 $210,885,000 $442,107 $2,771 3.86%
    60-80% 933 $551,955,000 $591,592 $3,609 3.79%
    80-100% 497 $326,675,000 $657,294 $5,557 3.78%
    Under 20% 1,777 $177,245,000 $99,744 $589 5.67%