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, Home Purchase, and Refi loans. Patelco has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Sacramento, San Jose, Vallejo, and Santa Rosa 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% 4/22/24
    30 Year Conventional Purchase 6.09% 4/22/24
    30 Year Conventional Refi 6.24% 4/22/24
    30 Year Cash-out Refi 6.48% 4/22/24
    15 Year Conventional Purchase 5.98% 4/22/24
    15 Year Conventional Refi 5.88% 4/22/24
    15 Year Cash-out Refi 5.88% 4/22/24
    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

    5,522

    Origination Dollar Volume (All Markets)

    $1,891,280,000
    Show all (9) 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) 3,177 $1,184,515,000 $372,841 $3,526 3.66%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 921 $217,885,000 $236,574 $2,311 3.73%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 396 $199,220,000 $503,081 $3,015 3.61%
    VALLEJO, CA (FHA|USDA|VA) 193 $50,285,000 $260,544 $2,713 3.83%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 185 $49,595,000 $268,081 $2,631 3.68%
    STOCKTON, CA (FHA|USDA|VA) 179 $47,225,000 $263,827 $2,681 3.75%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 86 $39,980,000 $464,884 $4,105 3.61%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 39 $15,315,000 $392,692 $3,538 3.69%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 27 $10,705,000 $396,481 $3,351 3.52%
    MODESTO, CA (FHA|USDA|VA) 46 $9,730,000 $211,522 $2,123 3.84%
    NAPA, CA (FHA|USDA|VA) 25 $9,395,000 $375,800 $4,640 3.41%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 30 $9,000,000 $300,000 $3,434 3.75%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 27 $7,815,000 $289,444 $3,118 3.56%
    Outside of Metro Areas 42 $7,740,000 $184,286 $2,297 3.47%
    SALINAS, CA (FHA|USDA|VA) 21 $6,225,000 $296,429 $3,368 3.65%
    MERCED, CA (FHA|USDA|VA) 17 $3,385,000 $199,118 $2,474 3.41%
    FRESNO, CA (FHA|USDA|VA) 19 $3,005,000 $158,158 $2,472 3.50%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 8 $2,730,000 $341,250 $1,793 3.69%
    CHICO, CA (FHA|USDA|VA) 14 $2,300,000 $164,286 $2,108 3.86%
    REDDING, CA (FHA|USDA|VA) 14 $2,290,000 $163,571 $2,803 3.88%
    Sonora, CA (FHA|USDA|VA) 9 $2,045,000 $227,222 $3,187 3.06%
    MADERA, CA (FHA|USDA|VA) 8 $1,820,000 $227,500 $2,691 3.57%
    YUBA CITY, CA (FHA|USDA|VA) 8 $1,630,000 $203,750 $2,930 3.81%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,235,000 $411,667 $3,753 3.44%
    Clearlake, CA (FHA|USDA|VA) 5 $1,035,000 $207,000 $4,289 3.44%
    Ukiah, CA (FHA|USDA|VA) 3 $985,000 $328,333 $3,737 3.04%
    VISALIA, CA (FHA|USDA|VA) 3 $945,000 $315,000 $3,229 3.94%
    Eureka-Arcata, CA (FHA|USDA|VA) 4 $900,000 $225,000 $2,470 3.29%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $860,000 $430,000 $3,966 3.25%
    Red Bluff, CA (FHA|USDA|VA) 3 $565,000 $188,333 $1,925 4.45%
    BAKERSFIELD, CA (FHA|USDA|VA) 4 $390,000 $97,500 $2,385 4.18%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $330,000 $165,000 $0 4.00%
    Crescent City, CA (FHA|USDA|VA) 1 $135,000 $135,000 $2,279 3.38%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $65,000 $65,000 $2,271 2.75%
    Patelco's top markets include San Francisco, Sacramento, San Jose, Vallejo, 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.

    Monterey Credit Union
    Similarity Rank: 144
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 330
    Chaffey Federal Credit Union
    Similarity Rank: 345
    MANHATTAN FINANCIAL GROUP, INC.
    Similarity Rank: 384
    MYPOINT Credit Union
    Similarity Rank: 560
    ALTURA
    Similarity Rank: 628
    Christian Community Credit Union
    Similarity Rank: 716
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 1053
    INFINITY EQUITY GROUP, INC.
    Similarity Rank: 1056
    FFC Mortgage Corp.
    Similarity Rank: 1428

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,431 $1,591,125,000 $463,750 $3,146 3.42%
    HELOC 2,091 $300,155,000 $143,546 n/a 4.09%

    For 2020, Patelco's most frequently originated type of loan was Conventional, with 3,431 originations. Their 2nd most popular type was HELOC, with 2,091 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 1,933 $517,445,000 $267,690 $2,151 3.79%
    Home Improvement 1,101 $179,955,000 $163,447 $1,672 4.07%
    Home Purchase 969 $569,625,000 $587,848 $6,110 3.43%
    Refi 957 $407,905,000 $426,233 $2,384 3.29%
    Cash Out Refi 562 $216,350,000 $384,964 $2,555 3.57%

    For 2020, Patelco's most frequently cited loan purpose was Other, with 1,933 originations. The 2nd most popular reason was Home Improvement, with 1,101 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,400 $1,322,320,000 $550,967 $3,672 3.42%
    Other 2,120 $305,770,000 $144,231 $601 4.10%
    15 Year 527 $142,685,000 $270,750 $2,074 3.18%
    20 Year 329 $94,265,000 $286,520 $1,954 3.64%
    10 Year 146 $26,240,000 $179,726 $1,638 3.34%

    For 2020, Patelco's most frequently cited loan duration was 30 Year, with 2,400 originations. The 2nd most popular length was Other, with 2,120 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,073 $1,398,145,000 $454,977
    $5k+ 101 $77,095,000 $763,317
    $1k-2k 83 $42,075,000 $506,928
    $3k-4k 67 $26,105,000 $389,627
    $2k-3k 55 $20,565,000 $373,909
    $4k-5k 52 $27,140,000 $521,923

    Patelco's average total fees were $3,672, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,073 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,328 $1,191,300,000 $357,963
    4-5% 961 $181,915,000 $189,298
    2.5-3% 827 $438,315,000 $530,006
    5-6% 254 $24,110,000 $94,921
    <2.5% 122 $52,390,000 $429,426
    6-7% 25 $2,295,000 $91,800
    7-8% 2 $120,000 $60,000
    % 2 $680,000 $340,000

    During 2020, Patelco's average interest rate for loans was 3.42%, while their most frequently originated rate bucket for loans was 3-4%, with 3,328 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,680 $472,510,000 $281,256 $2,429 3.52%
    $100k-200k 1,130 $158,090,000 $139,903 $1,976 3.83%
    $100,000 or less 951 $57,065,000 $60,005 $557 4.37%
    $400k-600k 876 $430,130,000 $491,016 $3,051 3.41%
    $600k-1MM 684 $513,820,000 $751,199 $4,624 3.31%
    $1MM+ 201 $259,665,000 $1,291,866 $7,229 3.10%

    2020 saw Patelco place emphasis on $200k-400k loans with 1,680 originations, totaling $472,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,928 $719,850,000 $373,366 $3,418 3.68%
    $100k-150k 1,360 $376,770,000 $277,037 $2,680 3.70%
    $250k+ 993 $536,495,000 $540,277 $4,830 3.66%
    $75k-100k 690 $154,430,000 $223,812 $2,339 3.71%
    $50k-75k 416 $82,720,000 $198,846 $2,149 3.56%
    $50k or less 135 $21,015,000 $155,667 $2,273 3.49%

    Patelco lent most frequently to those with incomes in the $150k-250k range, with 1,928 originations. The second most popular income band? $100k-150k, with 1,360 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,265 $457,385,000 $361,569 $3,143 3.52%
    30-36% 1,238 $440,790,000 $356,050 $3,163 3.65%
    <20% 365 $116,785,000 $319,959 $2,797 3.32%
    44% 317 $89,815,000 $283,328 $2,792 3.92%
    43% 268 $73,690,000 $274,963 $2,760 3.92%
    39% 260 $96,030,000 $369,346 $3,528 3.78%
    36% 255 $101,635,000 $398,569 $3,934 3.71%
    40% 242 $76,100,000 $314,463 $3,015 3.73%
    38% 228 $68,870,000 $302,061 $3,114 3.84%
    42% 222 $71,610,000 $322,568 $2,712 3.89%
    41% 221 $73,095,000 $330,747 $3,687 3.88%
    37% 220 $80,690,000 $366,773 $3,691 3.75%
    45% 92 $31,510,000 $342,500 $3,182 3.68%
    46% 80 $28,160,000 $352,000 $3,177 3.70%
    49% 75 $27,495,000 $366,600 $3,100 3.55%
    48% 69 $24,435,000 $354,130 $2,594 3.67%
    47% 53 $16,955,000 $319,906 $2,418 3.67%
    50-60% 42 $11,860,000 $282,381 $3,306 3.92%
    >60% 3 $1,385,000 $461,667 $4,852 3.88%

    Patelco lent most frequently to those with DTI ratios of 20-30%, with 1,265 originations. The next most common DTI ratio? 30-36%, with 1,238 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,219 $702,975,000 $316,798 $2,952 3.67%
    Not provided 1,880 $617,670,000 $328,548 $3,049 3.70%
    Asian 819 $344,775,000 $420,971 $3,838 3.62%
    Asian Indian 147 $77,735,000 $528,810 $5,140 3.54%
    Black 231 $68,565,000 $296,818 $2,478 3.84%
    Filipino 88 $35,100,000 $398,864 $2,876 3.53%
    Chinese 36 $13,890,000 $385,833 $3,721 3.46%
    American Indian 44 $13,620,000 $309,545 $2,528 3.57%
    Native Hawaiian or Islander 23 $6,365,000 $276,739 $2,495 3.65%
    Other Pacific Islander 9 $3,895,000 $432,778 $2,916 3.64%
    Other Asian 14 $3,500,000 $250,000 $2,818 3.66%
    Vietnamese 4 $1,380,000 $345,000 $2,035 3.04%
    Japanese 3 $615,000 $205,000 $2,189 3.42%
    Samoan 2 $600,000 $300,000 $3,764 3.97%
    Korean 2 $540,000 $270,000 $1,721 3.06%
    Native Hawaiian 1 $55,000 $55,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    86.78%

    Patelco has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.72%

    Patelco has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,522 $1,891,280,000 $342,499

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $1,355,000 $271,000
    Single Family (1-4 Units):Site-Built 5,517 $1,889,925,000 $342,564

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,019 $258,805,000 $253,979 $2,285 3.56%
    40-60% 876 $366,260,000 $418,105 $2,597 3.33%
    60-80% 1,264 $729,610,000 $577,223 $3,584 3.40%
    80-100% 489 $318,135,000 $650,583 $5,179 3.34%
    Under 20% 1,871 $217,385,000 $116,187 $1,008 4.16%