Clearpath Lending Mortgage Rates, Fees & Info
Sacramento, CALEI: 549300G5DVGM0ZHRQC33
Tax ID: 45-5510883
2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Clearpath Lending is a mid-sized mortgage company specializing in Refi loans. Clearpath Lending has They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) a low ratio of conventional loans. Their top markets include Washington, Phoenix, Las Vegas, Riverside, and Virginia Beach among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Clearpath Lending is typically an average fee lendor.Originations
20,288Origination Dollar Volume (All Markets)
$5,566,980,000Awards
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CLEARPATH LENDING - 2020 Certified Lowest Rate Lender
CLEARPATH LENDING is a 2020 Certified Lowest Rate Lender due to their exceptionally low rates.
For 2020, less than 2.9% of lenders were eligible for this award.
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Relative Rate
Clearpath Lending's average 30 year fixed rate mortgage was
2.79%.
The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.
This yields a difference of -0.57%.
Relative Fees
Clearpath Lending's average total fees for a 30 year fixed rate
mortgage are $4,602.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $5,021.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| VA | 19,993 | $5,485,485,000 | $274,370 | $4,581 | 2.78% |
| FHA | 246 | $65,660,000 | $266,911 | $6,088 | 3.35% |
| Conventional | 49 | $15,835,000 | $323,163 | $5,198 | 3.59% |
For the 2020 period, Clearpath Lending's most frequently originated loan type was VA, with 19,993 originations. Their 2nd most popular type is FHA, with 246 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 20,154 | $5,528,240,000 | $274,300 | $4,578 | 2.78% |
| Cash Out Refi | 127 | $35,755,000 | $281,535 | $8,191 | 3.45% |
| Home Purchase | 7 | $2,985,000 | $426,429 | $6,414 | 3.81% |
For the 2020, Clearpath Lending's most frequently cited loan purpose was Refi, with 20,154 originations. The 2nd most popular reason was Cash Out Refi, with 127 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 19,938 | $5,484,200,000 | $275,063 | $4,602 | 2.79% |
| Other | 212 | $52,050,000 | $245,519 | $4,791 | 2.67% |
| 20 Year | 86 | $19,320,000 | $224,651 | $4,761 | 2.56% |
| 15 Year | 50 | $10,760,000 | $215,200 | $3,054 | 2.85% |
| 30+ year | 2 | $650,000 | $325,000 | $4,817 | 3.19% |
For the 2020, Clearpath Lending's most frequently cited loan length was 30 Year, with 19,938 originations. The 2nd most popular length was Other, with 212 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 5,385 | $1,260,615,000 | $234,097 |
| $1k-2k | 4,714 | $1,183,730,000 | $251,109 |
| $3k-4k | 4,397 | $1,282,335,000 | $291,639 |
| $2k-3k | 3,437 | $895,305,000 | $260,490 |
| $5k+ | 2,353 | $944,635,000 | $401,460 |
$4,602 was Clearpath Lending's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 5,385 originations.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 1,580 | $373,520,000 | $236,405 | $4,104 | 2.82% |
| WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV | 715 | $295,575,000 | $413,392 | $6,588 | 2.70% |
| PHOENIX-MESA-CHANDLER, AZ | 961 | $247,595,000 | $257,643 | $4,210 | 2.85% |
| LAS VEGAS-HENDERSON-PARADISE, NV | 718 | $210,000,000 | $292,479 | $4,920 | 2.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA | 500 | $167,030,000 | $334,060 | $5,118 | 2.80% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC | 550 | $147,630,000 | $268,418 | $4,651 | 2.80% |
| SAN ANTONIO-NEW BRAUNFELS, TX | 472 | $125,460,000 | $265,805 | $4,715 | 2.66% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA | 487 | $123,405,000 | $253,398 | $4,132 | 2.76% |
| LOS ANGELES-LONG BEACH-GLENDALE, CA | 241 | $107,185,000 | $444,751 | $6,560 | 2.79% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA | 238 | $107,060,000 | $449,832 | $6,770 | 2.72% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL | 365 | $96,345,000 | $263,959 | $3,952 | 2.78% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX | 359 | $94,075,000 | $262,047 | $4,727 | 2.72% |
| BALTIMORE-COLUMBIA-TOWSON, MD | 282 | $92,640,000 | $328,511 | $5,902 | 2.71% |
| DALLAS-PLANO-IRVING, TX | 309 | $89,585,000 | $289,919 | $4,973 | 2.76% |
| URBAN HONOLULU, HI | 153 | $81,935,000 | $535,523 | $8,129 | 2.73% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC | 309 | $78,525,000 | $254,126 | $4,081 | 2.83% |
| COLORADO SPRINGS, CO | 267 | $76,865,000 | $287,884 | $4,612 | 2.81% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA | 213 | $75,725,000 | $355,516 | $5,598 | 2.70% |
| DENVER-AURORA-LAKEWOOD, CO | 223 | $75,335,000 | $337,825 | $5,350 | 2.75% |
| JACKSONVILLE, FL | 268 | $70,180,000 | $261,866 | $4,185 | 2.80% |
| ORLANDO-KISSIMMEE-SANFORD, FL | 237 | $64,625,000 | $272,679 | $4,275 | 2.80% |
| TUCSON, AZ | 259 | $59,875,000 | $231,178 | $4,054 | 2.83% |
| FORT WORTH-ARLINGTON-GRAPEVINE, TX | 221 | $58,775,000 | $265,950 | $4,699 | 2.72% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN | 206 | $56,090,000 | $272,282 | $4,601 | 2.86% |
| CHARLESTON-NORTH CHARLESTON, SC | 198 | $51,630,000 | $260,758 | $4,533 | 2.83% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX | 178 | $48,460,000 | $272,247 | $4,535 | 2.73% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN | 204 | $47,640,000 | $233,529 | $3,851 | 2.82% |
| FAYETTEVILLE, NC | 222 | $46,750,000 | $210,586 | $3,620 | 2.88% |
| CHICAGO-NAPERVILLE-EVANSTON, IL | 184 | $46,690,000 | $253,750 | $4,877 | 2.77% |
| RICHMOND, VA | 169 | $44,845,000 | $265,355 | $4,252 | 2.73% |
| RALEIGH-CARY, NC | 165 | $43,795,000 | $265,424 | $4,301 | 2.78% |
| ALBUQUERQUE, NM | 190 | $43,610,000 | $229,526 | $4,424 | 2.73% |
| COLUMBUS, OH | 159 | $40,445,000 | $254,371 | $4,705 | 2.78% |
| COLUMBIA, SC | 169 | $39,435,000 | $233,343 | $4,058 | 2.85% |
| WARREN-TROY-FARMINGTON HILLS, MI | 167 | $38,755,000 | $232,066 | $4,270 | 2.83% |
| KILLEEN-TEMPLE, TX | 172 | $38,570,000 | $224,244 | $3,981 | 2.77% |
| RENO, NV | 119 | $37,885,000 | $318,361 | $5,700 | 2.73% |
| OAKLAND-BERKELEY-LIVERMORE, CA | 76 | $36,940,000 | $486,053 | $6,975 | 2.73% |
| BOISE CITY, ID | 126 | $35,390,000 | $280,873 | $4,723 | 2.82% |
| CINCINNATI, OH-KY-IN | 133 | $33,395,000 | $251,090 | $4,702 | 2.82% |
| ANAHEIM-SANTA ANA-IRVINE, CA | 60 | $32,090,000 | $534,833 | $8,734 | 2.74% |
| FREDERICK-GAITHERSBURG-ROCKVILLE, MD | 78 | $31,450,000 | $403,205 | $6,857 | 2.67% |
| NEW BRUNSWICK-LAKEWOOD, NJ | 98 | $30,150,000 | $307,653 | $5,225 | 2.66% |
| COEUR D'ALENE, ID | 104 | $29,880,000 | $287,308 | $4,429 | 2.77% |
| CLARKSVILLE, TN-KY | 133 | $29,105,000 | $218,835 | $3,709 | 2.86% |
| OMAHA-COUNCIL BLUFFS, NE-IA | 123 | $29,095,000 | $236,545 | $4,154 | 2.78% |
| CAMDEN, NJ | 111 | $29,085,000 | $262,027 | $4,365 | 2.74% |
| AUGUSTA-RICHMOND COUNTY, GA-SC | 118 | $27,680,000 | $234,576 | $3,849 | 2.70% |
| NORTH PORT-SARASOTA-BRADENTON, FL | 93 | $26,105,000 | $280,699 | $4,118 | 2.83% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL | 99 | $26,075,000 | $263,384 | $4,360 | 2.73% |
| PENSACOLA-FERRY PASS-BRENT, FL | 110 | $26,050,000 | $236,818 | $4,053 | 2.79% |
| VALLEJO, CA | 63 | $25,755,000 | $408,810 | $6,153 | 2.73% |
| HUNTSVILLE, AL | 98 | $25,470,000 | $259,898 | $4,344 | 2.74% |
| JACKSONVILLE, NC | 127 | $25,365,000 | $199,724 | $3,544 | 2.90% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL | 107 | $25,305,000 | $236,495 | $3,792 | 2.80% |
| MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA | 77 | $23,275,000 | $302,273 | $5,962 | 2.75% |
| MILWAUKEE-WAUKESHA, WI | 96 | $23,260,000 | $242,292 | $4,139 | 2.75% |
| GREENVILLE-ANDERSON, SC | 95 | $22,345,000 | $235,211 | $4,195 | 2.80% |
| STOCKTON, CA | 62 | $21,740,000 | $350,645 | $5,426 | 2.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL | 86 | $21,670,000 | $251,977 | $3,928 | 2.82% |
| BIRMINGHAM-HOOVER, AL | 86 | $21,430,000 | $249,186 | $4,156 | 2.81% |
| CAPE CORAL-FORT MYERS, FL | 79 | $21,345,000 | $270,190 | $4,261 | 2.73% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC | 91 | $21,325,000 | $234,341 | $3,981 | 2.88% |
| EL PASO, TX | 97 | $20,945,000 | $215,928 | $3,687 | 2.85% |
| WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL | 68 | $20,750,000 | $305,147 | $4,749 | 2.71% |
| BAKERSFIELD, CA | 85 | $20,325,000 | $239,118 | $3,763 | 2.80% |
| FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL | 60 | $20,240,000 | $337,333 | $5,332 | 2.82% |
| OXNARD-THOUSAND OAKS-VENTURA, CA | 42 | $19,730,000 | $469,762 | $6,811 | 2.64% |
| KNOXVILLE, TN | 80 | $19,710,000 | $246,375 | $4,144 | 2.87% |
| LAKE HAVASU CITY-KINGMAN, AZ | 82 | $19,050,000 | $232,317 | $3,923 | 2.83% |
| DAYTON-KETTERING, OH | 79 | $19,025,000 | $240,823 | $4,504 | 2.78% |
| FRESNO, CA | 72 | $18,870,000 | $262,083 | $4,269 | 2.83% |
| PORT ST. LUCIE, FL | 70 | $18,480,000 | $264,000 | $4,053 | 2.84% |
| CLEVELAND-ELYRIA, OH | 83 | $18,255,000 | $219,940 | $4,151 | 2.90% |
| MEMPHIS, TN-MS-AR | 78 | $18,040,000 | $231,282 | $3,980 | 2.92% |
| LAKELAND-WINTER HAVEN, FL | 75 | $17,895,000 | $238,600 | $3,738 | 2.77% |
| NEW ORLEANS-METAIRIE, LA | 67 | $16,595,000 | $247,687 | $4,195 | 2.87% |
| SAVANNAH, GA | 68 | $16,200,000 | $238,235 | $4,061 | 2.77% |
| PRESCOTT VALLEY-PRESCOTT, AZ | 69 | $16,025,000 | $232,246 | $4,473 | 2.88% |
| SANTA MARIA-SANTA BARBARA, CA | 37 | $16,015,000 | $432,838 | $6,293 | 2.77% |
| GREELEY, CO | 50 | $15,570,000 | $311,400 | $5,676 | 2.75% |
| MIAMI-MIAMI BEACH-KENDALL, FL | 47 | $15,565,000 | $331,170 | $4,661 | 2.81% |
| SHREVEPORT-BOSSIER CITY, LA | 66 | $15,140,000 | $229,394 | $4,230 | 2.86% |
| BATON ROUGE, LA | 57 | $14,265,000 | $250,263 | $4,014 | 2.82% |
| GREENSBORO-HIGH POINT, NC | 62 | $13,910,000 | $224,355 | $4,041 | 2.86% |
| NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ | 34 | $13,880,000 | $408,235 | $6,265 | 2.82% |
| MODESTO, CA | 51 | $13,805,000 | $270,686 | $4,248 | 2.72% |
| DURHAM-CHAPEL HILL, NC | 55 | $13,385,000 | $243,364 | $3,792 | 2.84% |
| OCALA, FL | 58 | $13,140,000 | $226,552 | $3,613 | 2.79% |
| ST. LOUIS, MO-IL | 59 | $13,135,000 | $222,627 | $4,172 | 2.79% |
| PHILADELPHIA, PA | 54 | $12,680,000 | $234,815 | $4,642 | 2.78% |
| HILTON HEAD ISLAND-BLUFFTON, SC | 51 | $12,495,000 | $245,000 | $4,504 | 2.85% |
| WINSTON-SALEM, NC | 55 | $12,125,000 | $220,455 | $3,548 | 2.88% |
| PITTSBURGH, PA | 48 | $11,840,000 | $246,667 | $4,837 | 2.69% |
| DETROIT-DEARBORN-LIVONIA, MI | 60 | $11,630,000 | $193,833 | $3,468 | 2.96% |
| NEWARK, NJ-PA | 36 | $11,520,000 | $320,000 | $5,833 | 2.65% |
| ASHEVILLE, NC | 49 | $11,285,000 | $230,306 | $4,509 | 2.64% |
| YUMA, AZ | 52 | $10,930,000 | $210,192 | $3,566 | 2.84% |
| GARY, IN | 47 | $10,695,000 | $227,553 | $3,567 | 2.93% |
| COLUMBUS, GA-AL | 47 | $10,405,000 | $221,383 | $3,596 | 2.72% |
| MONTGOMERY, AL | 41 | $10,405,000 | $253,780 | $3,902 | 2.80% |
| WARNER ROBINS, GA | 45 | $10,245,000 | $227,667 | $3,915 | 2.72% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA | 18 | $10,230,000 | $568,333 | $8,523 | 2.69% |
| LAS CRUCES, NM | 50 | $10,220,000 | $204,400 | $4,136 | 2.83% |
| SALINAS, CA | 20 | $10,130,000 | $506,500 | $5,454 | 2.95% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ | 41 | $10,095,000 | $246,220 | $5,333 | 2.67% |
| FORT COLLINS, CO | 27 | $10,055,000 | $372,407 | $5,796 | 2.89% |
| VISALIA, CA | 43 | $10,005,000 | $232,674 | $3,487 | 2.78% |
| PUEBLO, CO | 45 | $9,945,000 | $221,000 | $3,888 | 2.89% |
| CORPUS CHRISTI, TX | 40 | $9,900,000 | $247,500 | $4,708 | 2.70% |
| ELGIN, IL | 40 | $9,610,000 | $240,250 | $5,175 | 2.66% |
| CHATTANOOGA, TN-GA | 44 | $9,360,000 | $212,727 | $3,645 | 2.79% |
| SIERRA VISTA-DOUGLAS, AZ | 43 | $9,165,000 | $213,140 | $3,844 | 2.82% |
| WILMINGTON, NC | 34 | $8,540,000 | $251,176 | $4,037 | 2.74% |
| HARRISBURG-CARLISLE, PA | 34 | $8,270,000 | $243,235 | $4,725 | 2.63% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR | 35 | $8,245,000 | $235,571 | $5,267 | 2.48% |
| AKRON, OH | 35 | $8,145,000 | $232,714 | $4,217 | 2.79% |
| GRAND RAPIDS-KENTWOOD, MI | 37 | $8,125,000 | $219,595 | $4,019 | 2.83% |
| LAKE COUNTY-KENOSHA COUNTY, IL-WI | 37 | $8,025,000 | $216,892 | $3,770 | 2.79% |
| KAHULUI-WAILUKU-LAHAINA, HI | 15 | $7,945,000 | $529,667 | $7,435 | 2.69% |
| YUBA CITY, CA | 29 | $7,885,000 | $271,897 | $4,549 | 2.76% |
| REDDING, CA | 29 | $7,735,000 | $266,724 | $4,274 | 2.71% |
| PUNTA GORDA, FL | 33 | $7,625,000 | $231,061 | $3,319 | 2.68% |
| MERCED, CA | 26 | $7,550,000 | $290,385 | $4,276 | 2.94% |
| GRAND JUNCTION, CO | 31 | $7,515,000 | $242,419 | $3,733 | 2.84% |
| SUMTER, SC | 38 | $7,490,000 | $197,105 | $3,564 | 2.91% |
| HANFORD-CORCORAN, CA | 33 | $7,485,000 | $226,818 | $3,908 | 2.81% |
| DAPHNE-FAIRHOPE-FOLEY, AL | 32 | $7,420,000 | $231,875 | $3,896 | 2.84% |
| CALIFORNIA-LEXINGTON PARK, MD | 25 | $7,145,000 | $285,800 | $5,556 | 2.65% |
| CARSON CITY, NV | 22 | $7,110,000 | $323,182 | $5,145 | 2.94% |
| SANTA ROSA-PETALUMA, CA | 16 | $7,080,000 | $442,500 | $6,900 | 2.76% |
| YORK-HANOVER, PA | 29 | $6,985,000 | $240,862 | $5,008 | 2.77% |
| NEW BERN, NC | 33 | $6,955,000 | $210,758 | $3,471 | 2.86% |
| TOLEDO, OH | 30 | $6,890,000 | $229,667 | $3,823 | 2.87% |
| CHARLOTTESVILLE, VA | 22 | $6,780,000 | $308,182 | $5,014 | 2.85% |
| ROANOKE, VA | 30 | $6,780,000 | $226,000 | $3,792 | 2.78% |
| SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA | 11 | $6,775,000 | $615,909 | $10,209 | 2.59% |
| HICKORY-LENOIR-MORGANTON, NC | 29 | $6,685,000 | $230,517 | $3,704 | 2.79% |
| MADISON, WI | 23 | $6,545,000 | $284,565 | $4,587 | 2.74% |
| LINCOLN, NE | 28 | $6,420,000 | $229,286 | $4,062 | 2.80% |
| HAGERSTOWN-MARTINSBURG, MD-WV | 24 | $6,020,000 | $250,833 | $4,445 | 2.90% |
| SANTA FE, NM | 18 | $5,980,000 | $332,222 | $5,889 | 2.67% |
| SAN LUIS OBISPO-PASO ROBLES, CA | 12 | $5,970,000 | $497,500 | $7,341 | 2.74% |
| NAPLES-MARCO ISLAND, FL | 16 | $5,930,000 | $370,625 | $8,004 | 2.86% |
| PANAMA CITY, FL | 24 | $5,900,000 | $245,833 | $3,634 | 2.85% |
| THE VILLAGES, FL | 20 | $5,860,000 | $293,000 | $3,811 | 2.79% |
| SPARTANBURG, SC | 27 | $5,745,000 | $212,778 | $4,490 | 2.77% |
| RACINE, WI | 24 | $5,740,000 | $239,167 | $4,143 | 2.94% |
| FLINT, MI | 30 | $5,740,000 | $191,333 | $3,387 | 3.02% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR | 25 | $5,725,000 | $229,000 | $4,893 | 2.51% |
| GOLDSBORO, NC | 27 | $5,535,000 | $205,000 | $3,432 | 2.76% |
| BILLINGS, MT | 21 | $5,475,000 | $260,714 | $4,828 | 2.65% |
| OKLAHOMA CITY, OK | 27 | $5,405,000 | $200,185 | $4,965 | 2.55% |
| HINESVILLE, GA | 26 | $5,400,000 | $207,692 | $3,449 | 2.86% |
| ANN ARBOR, MI | 18 | $5,260,000 | $292,222 | $4,247 | 2.71% |
| NAPA, CA | 10 | $5,160,000 | $516,000 | $7,418 | 2.58% |
| WINCHESTER, VA-WV | 16 | $5,130,000 | $320,625 | $4,214 | 2.76% |
| EL CENTRO, CA | 19 | $5,025,000 | $264,474 | $4,132 | 2.86% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN | 23 | $4,975,000 | $216,304 | $4,123 | 2.58% |
| GREAT FALLS, MT | 22 | $4,940,000 | $224,545 | $3,731 | 2.75% |
| GREEN BAY, WI | 23 | $4,845,000 | $210,652 | $3,183 | 2.92% |
| VALDOSTA, GA | 23 | $4,735,000 | $205,870 | $3,614 | 2.73% |
| MISSOULA, MT | 16 | $4,650,000 | $290,625 | $5,416 | 2.74% |
| MCALLEN-EDINBURG-MISSION, TX | 22 | $4,560,000 | $207,273 | $3,754 | 2.77% |
| LAKE CHARLES, LA | 20 | $4,560,000 | $228,000 | $3,839 | 2.95% |
| BROWNSVILLE-HARLINGEN, TX | 20 | $4,390,000 | $219,500 | $3,229 | 2.69% |
| HOMOSASSA SPRINGS, FL | 17 | $4,365,000 | $256,765 | $3,934 | 2.69% |
| CHAMBERSBURG-WAYNESBORO, PA | 17 | $4,365,000 | $256,765 | $5,217 | 2.73% |
| GAINESVILLE, GA | 15 | $4,285,000 | $285,667 | $4,366 | 2.71% |
| CANTON-MASSILLON, OH | 18 | $4,280,000 | $237,778 | $4,482 | 2.92% |
| TALLAHASSEE, FL | 19 | $4,255,000 | $223,947 | $3,203 | 2.77% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI | 18 | $4,250,000 | $236,111 | $3,874 | 2.74% |
| LAFAYETTE-WEST LAFAYETTE, IN | 16 | $4,220,000 | $263,750 | $4,025 | 2.70% |
| FORT WAYNE, IN | 18 | $4,180,000 | $232,222 | $4,404 | 2.65% |
| WILMINGTON, DE-MD-NJ | 16 | $4,150,000 | $259,375 | $4,873 | 2.87% |
| SEBASTIAN-VERO BEACH, FL | 16 | $4,150,000 | $259,375 | $4,496 | 2.65% |
| READING, PA | 17 | $4,115,000 | $242,059 | $3,641 | 2.88% |
| MOBILE, AL | 22 | $4,020,000 | $182,727 | $3,177 | 2.91% |
| JOHNSON CITY, TN | 18 | $4,020,000 | $223,333 | $3,393 | 2.69% |
| LUBBOCK, TX | 18 | $4,000,000 | $222,222 | $3,611 | 2.87% |
| IDAHO FALLS, ID | 18 | $3,950,000 | $219,444 | $3,370 | 2.97% |
| MADERA, CA | 15 | $3,945,000 | $263,000 | $4,022 | 2.91% |
| TULSA, OK | 18 | $3,940,000 | $218,889 | $4,934 | 2.61% |
| KINGSPORT-BRISTOL, TN-VA | 19 | $3,915,000 | $206,053 | $3,223 | 2.90% |
| LYNCHBURG, VA | 15 | $3,765,000 | $251,000 | $4,131 | 2.84% |
| LANSING-EAST LANSING, MI | 20 | $3,760,000 | $188,000 | $3,153 | 3.03% |
| MUSKEGON, MI | 19 | $3,755,000 | $197,632 | $3,249 | 3.02% |
| DOTHAN, AL | 16 | $3,750,000 | $234,375 | $3,462 | 2.92% |
| AMARILLO, TX | 18 | $3,680,000 | $204,444 | $3,543 | 2.91% |
| SALISBURY, MD-DE | 16 | $3,620,000 | $226,250 | $4,129 | 2.84% |
| FLAGSTAFF, AZ | 13 | $3,575,000 | $275,000 | $6,080 | 2.66% |
| ABILENE, TX | 17 | $3,555,000 | $209,118 | $4,044 | 2.85% |
| ATLANTIC CITY-HAMMONTON, NJ | 13 | $3,515,000 | $270,385 | $5,915 | 2.53% |
| STAUNTON, VA | 14 | $3,460,000 | $247,143 | $4,334 | 2.90% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA | 19 | $3,445,000 | $181,316 | $3,514 | 2.87% |
| BOULDER, CO | 9 | $3,445,000 | $382,778 | $5,704 | 2.76% |
| MONROE, LA | 14 | $3,400,000 | $242,857 | $5,344 | 2.62% |
| COLLEGE STATION-BRYAN, TX | 14 | $3,370,000 | $240,714 | $4,576 | 2.92% |
| GETTYSBURG, PA | 13 | $3,325,000 | $255,769 | $4,911 | 2.87% |
| WACO, TX | 15 | $3,265,000 | $217,667 | $4,091 | 2.82% |
| LANCASTER, PA | 14 | $3,130,000 | $223,571 | $4,706 | 2.79% |
| LAFAYETTE, LA | 14 | $3,080,000 | $220,000 | $3,699 | 2.86% |
| ROCKY MOUNT, NC | 11 | $3,065,000 | $278,636 | $4,102 | 2.95% |
| CHICO, CA | 11 | $2,945,000 | $267,727 | $4,877 | 2.74% |
| EVANSVILLE, IN-KY | 12 | $2,920,000 | $243,333 | $3,424 | 2.67% |
| NILES, MI | 14 | $2,910,000 | $207,857 | $3,492 | 2.98% |
| SCRANTON--WILKES-BARRE, PA | 14 | $2,810,000 | $200,714 | $4,643 | 2.88% |
| TYLER, TX | 11 | $2,755,000 | $250,455 | $5,189 | 2.70% |
| ERIE, PA | 12 | $2,680,000 | $223,333 | $5,236 | 2.59% |
| MIDLAND, TX | 10 | $2,650,000 | $265,000 | $5,669 | 2.68% |
| MACON-BIBB COUNTY, GA | 14 | $2,640,000 | $188,571 | $3,005 | 2.74% |
| SOUTH BEND-MISHAWAKA, IN-MI | 10 | $2,610,000 | $261,000 | $5,008 | 2.76% |
| HAMMOND, LA | 11 | $2,535,000 | $230,455 | $5,336 | 2.73% |
| LAWTON, OK | 11 | $2,495,000 | $226,818 | $5,119 | 2.66% |
| FLORENCE, SC | 14 | $2,490,000 | $177,857 | $3,304 | 3.03% |
| EAST STROUDSBURG, PA | 11 | $2,465,000 | $224,091 | $4,819 | 2.92% |
| POCATELLO, ID | 10 | $2,430,000 | $243,000 | $4,822 | 2.68% |
| LEWISTON, ID-WA | 10 | $2,390,000 | $239,000 | $4,795 | 2.78% |
| SPRINGFIELD, IL | 9 | $2,385,000 | $265,000 | $5,666 | 2.53% |
| GAINESVILLE, FL | 11 | $2,375,000 | $215,909 | $3,276 | 2.82% |
| CLEVELAND, TN | 12 | $2,250,000 | $187,500 | $3,334 | 2.73% |
| TRENTON-PRINCETON, NJ | 9 | $2,235,000 | $248,333 | $4,545 | 2.64% |
| ROCKFORD, IL | 10 | $2,220,000 | $222,000 | $4,444 | 2.78% |
| MONROE, MI | 10 | $2,210,000 | $221,000 | $4,106 | 3.13% |
| ALEXANDRIA, LA | 9 | $2,195,000 | $243,889 | $4,017 | 2.85% |
| TWIN FALLS, ID | 9 | $2,185,000 | $242,778 | $4,288 | 2.65% |
| SHEBOYGAN, WI | 8 | $2,180,000 | $272,500 | $3,460 | 3.06% |
| APPLETON, WI | 10 | $2,180,000 | $218,000 | $3,584 | 2.61% |
| MORRISTOWN, TN | 12 | $2,170,000 | $180,833 | $2,634 | 3.14% |
| BATTLE CREEK, MI | 11 | $2,135,000 | $194,091 | $3,256 | 2.94% |
| JACKSON, MI | 12 | $2,130,000 | $177,500 | $3,424 | 2.92% |
| GREENVILLE, NC | 10 | $2,130,000 | $213,000 | $3,494 | 2.95% |
| KALAMAZOO-PORTAGE, MI | 9 | $2,115,000 | $235,000 | $4,581 | 2.92% |
| ODESSA, TX | 8 | $2,100,000 | $262,500 | $4,681 | 3.06% |
| DECATUR, AL | 9 | $2,075,000 | $230,556 | $3,507 | 2.88% |
| WILLIAMSPORT, PA | 10 | $2,060,000 | $206,000 | $3,612 | 2.76% |
| LEBANON, PA | 9 | $2,055,000 | $228,333 | $5,235 | 2.63% |
| ELKHART-GOSHEN, IN | 10 | $2,050,000 | $205,000 | $4,109 | 2.75% |
| ELIZABETHTOWN-FORT KNOX, KY | 10 | $2,040,000 | $204,000 | $5,491 | 2.45% |
| SEBRING-AVON PARK, FL | 10 | $2,020,000 | $202,000 | $2,572 | 2.84% |
| BEAUMONT-PORT ARTHUR, TX | 9 | $1,975,000 | $219,444 | $4,027 | 2.94% |
| ATHENS-CLARKE COUNTY, GA | 7 | $1,925,000 | $275,000 | $4,687 | 2.61% |
| BURLINGTON, NC | 9 | $1,915,000 | $212,778 | $4,212 | 2.92% |
| SAN ANGELO, TX | 9 | $1,915,000 | $212,778 | $5,093 | 3.06% |
| OSHKOSH-NEENAH, WI | 11 | $1,855,000 | $168,636 | $3,033 | 2.81% |
| PEORIA, IL | 8 | $1,800,000 | $225,000 | $3,792 | 2.66% |
| OCEAN CITY, NJ | 8 | $1,700,000 | $212,500 | $3,908 | 2.70% |
| EAU CLAIRE, WI | 8 | $1,690,000 | $211,250 | $3,193 | 2.78% |
| WAUSAU-WESTON, WI | 6 | $1,640,000 | $273,333 | $5,076 | 2.67% |
| TEXARKANA, TX-AR | 7 | $1,635,000 | $233,571 | $3,664 | 2.80% |
| SPRINGFIELD, OH | 7 | $1,535,000 | $219,286 | $4,810 | 2.64% |
| VINELAND-BRIDGETON, NJ | 7 | $1,525,000 | $217,857 | $3,054 | 2.70% |
| BRUNSWICK, GA | 6 | $1,500,000 | $250,000 | $3,903 | 2.60% |
| LONGVIEW, TX | 7 | $1,475,000 | $210,714 | $3,415 | 3.11% |
| JANESVILLE-BELOIT, WI | 7 | $1,465,000 | $209,286 | $4,252 | 2.63% |
| TERRE HAUTE, IN | 8 | $1,420,000 | $177,500 | $2,787 | 3.00% |
| FARMINGTON, NM | 7 | $1,405,000 | $200,714 | $3,864 | 2.71% |
| SHERMAN-DENISON, TX | 6 | $1,380,000 | $230,000 | $4,126 | 2.77% |
| JACKSON, TN | 6 | $1,330,000 | $221,667 | $3,798 | 3.27% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL | 7 | $1,315,000 | $187,857 | $3,810 | 3.02% |
| LAREDO, TX | 5 | $1,295,000 | $259,000 | $5,009 | 2.55% |
| WICHITA FALLS, TX | 6 | $1,290,000 | $215,000 | $3,396 | 2.73% |
| ALBANY, GA | 6 | $1,290,000 | $215,000 | $3,315 | 2.64% |
| LA CROSSE-ONALASKA, WI-MN | 6 | $1,260,000 | $210,000 | $3,550 | 2.77% |
| BLOOMINGTON, IN | 4 | $1,200,000 | $300,000 | $4,593 | 2.81% |
| TUSCALOOSA, AL | 5 | $1,165,000 | $233,000 | $4,292 | 2.95% |
| ANNISTON-OXFORD, AL | 6 | $1,120,000 | $186,667 | $3,906 | 3.10% |
| LEXINGTON-FAYETTE, KY | 5 | $1,115,000 | $223,000 | $4,558 | 2.45% |
| CARBONDALE-MARION, IL | 5 | $1,105,000 | $221,000 | $4,202 | 2.68% |
| MICHIGAN CITY-LA PORTE, IN | 5 | $1,085,000 | $217,000 | $4,865 | 3.03% |
| SANTA CRUZ-WATSONVILLE, CA | 2 | $1,080,000 | $540,000 | $6,374 | 3.06% |
| LIMA, OH | 5 | $1,005,000 | $201,000 | $3,270 | 2.88% |
| SAGINAW, MI | 5 | $995,000 | $199,000 | $5,475 | 2.63% |
| BLOOMINGTON, IL | 3 | $995,000 | $331,667 | $5,865 | 2.75% |
| STATE COLLEGE, PA | 3 | $955,000 | $318,333 | $6,543 | 2.58% |
| BOWLING GREEN, KY | 4 | $940,000 | $235,000 | $4,484 | 2.25% |
| WHEELING, WV-OH | 4 | $920,000 | $230,000 | $3,464 | 2.75% |
| GADSDEN, AL | 5 | $885,000 | $177,000 | $1,582 | 2.55% |
| BLACKSBURG-CHRISTIANSBURG, VA | 5 | $885,000 | $177,000 | $2,204 | 2.60% |
| MUNCIE, IN | 5 | $855,000 | $171,000 | $2,505 | 3.08% |
| FORT SMITH, AR-OK | 4 | $830,000 | $207,500 | $3,745 | 2.38% |
| JONESBORO, AR | 4 | $800,000 | $200,000 | $4,456 | 2.50% |
| KOKOMO, IN | 4 | $790,000 | $197,500 | $3,796 | 2.59% |
| SAN RAFAEL, CA | 1 | $775,000 | $775,000 | $14,488 | 2.25% |
| FLORENCE-MUSCLE SHOALS, AL | 5 | $765,000 | $153,000 | $2,100 | 3.08% |
| ALTOONA, PA | 4 | $730,000 | $182,500 | $3,791 | 2.50% |
| JOHNSTOWN, PA | 4 | $720,000 | $180,000 | $3,059 | 3.28% |
| GRAND ISLAND, NE | 4 | $670,000 | $167,500 | $3,218 | 3.00% |
| HOT SPRINGS, AR | 4 | $670,000 | $167,500 | $3,901 | 2.63% |
| DALTON, GA | 3 | $665,000 | $221,667 | $3,988 | 2.58% |
| HOUMA-THIBODAUX, LA | 3 | $655,000 | $218,333 | $4,784 | 2.79% |
| LOGAN, UT-ID | 3 | $615,000 | $205,000 | $4,603 | 2.92% |
| HARRISONBURG, VA | 3 | $615,000 | $205,000 | $2,247 | 3.00% |
| CHAMPAIGN-URBANA, IL | 3 | $605,000 | $201,667 | $4,320 | 2.75% |
| BLOOMSBURG-BERWICK, PA | 2 | $590,000 | $295,000 | $3,485 | 2.75% |
| HUNTINGTON-ASHLAND, WV-KY-OH | 3 | $575,000 | $191,667 | $3,013 | 2.58% |
| BAY CITY, MI | 3 | $565,000 | $188,333 | $2,688 | 2.96% |
| SIOUX CITY, IA-NE-SD | 3 | $495,000 | $165,000 | $1,587 | 2.92% |
| KANKAKEE, IL | 2 | $480,000 | $240,000 | $2,633 | 2.75% |
| MANSFIELD, OH | 2 | $410,000 | $205,000 | $3,154 | 2.50% |
| DECATUR, IL | 1 | $365,000 | $365,000 | $5,904 | 2.75% |
| AUBURN-OPELIKA, AL | 1 | $235,000 | $235,000 | $5,640 | 2.75% |
| ROME, GA | 1 | $175,000 | $175,000 | $2,088 | 4.63% |
| WEIRTON-STEUBENVILLE, WV-OH | 1 | $175,000 | $175,000 | $3,222 | 2.75% |
| PINE BLUFF, AR | 1 | $175,000 | $175,000 | $4,435 | 2.25% |
| CUMBERLAND, MD-WV | 1 | $165,000 | $165,000 | $2,810 | 2.75% |
| FOND DU LAC, WI | 1 | $145,000 | $145,000 | $1,970 | 2.75% |
Clearpath Lending's top markets include Washington, Phoenix, Las Vegas, Riverside, and Virginia Beach among others.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 10,737 | $2,960,605,000 | $275,739 |
| <2.5% | 5,396 | $1,528,850,000 | $283,330 |
| 3-4% | 4,019 | $1,046,465,000 | $260,379 |
| 4-5% | 134 | $30,420,000 | $227,015 |
| 5-6% | 2 | $640,000 | $320,000 |
During 2020, Clearpath Lending's average interest rate was 2.79%, while their most frequently originated rate bucket was 2.5-3%, with 10,737 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 11,936 | $3,300,920,000 | $276,552 | $4,687 | 2.77% |
| $100k-200k | 5,836 | $980,400,000 | $167,992 | $3,177 | 2.85% |
| $400k-600k | 2,069 | $968,645,000 | $468,171 | $6,885 | 2.73% |
| $600k-1MM | 427 | $296,655,000 | $694,742 | $10,040 | 2.77% |
| $1MM+ | 17 | $20,095,000 | $1,182,059 | $18,774 | 2.50% |
| $100,000 or less | 3 | $265,000 | $88,333 | $2,426 | 3.17% |
2020 saw Clearpath Lending place emphasis on $200k-400k loans with 11,936 originations, totaling $3,300,920,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 20,134 | $5,520,150,000 | $274,171 | $4,581 | 2.78% |
| $50k-75k | 52 | $12,770,000 | $245,577 | $7,123 | 3.52% |
| $75k-100k | 46 | $12,090,000 | $262,826 | $6,850 | 3.27% |
| $100k-150k | 35 | $12,585,000 | $359,571 | $8,281 | 3.41% |
| $150k-250k | 15 | $6,735,000 | $449,000 | $6,940 | 3.44% |
| $250k+ | 4 | $2,140,000 | $535,000 | $4,450 | 3.31% |
Clearpath Lending lent most frequently to those with incomes in the $50k or less range, with 20,134 originations. The second most popular income band? $50k-75k, with 52 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 33 | $9,635,000 | $291,970 | $6,897 | 3.50% |
| 20-30% | 26 | $7,360,000 | $283,077 | $6,791 | 3.35% |
| 50-60% | 12 | $4,160,000 | $346,667 | $12,627 | 3.33% |
| 40% | 9 | $2,035,000 | $226,111 | $7,792 | 3.71% |
| 44% | 8 | $2,490,000 | $311,250 | $4,956 | 3.28% |
| <20% | 7 | $2,195,000 | $313,571 | $5,846 | 2.95% |
| 36% | 7 | $1,645,000 | $235,000 | $8,147 | 3.32% |
| 37% | 7 | $1,685,000 | $240,714 | $7,618 | 3.77% |
| 38% | 7 | $2,195,000 | $313,571 | $8,959 | 3.39% |
| 42% | 7 | $1,925,000 | $275,000 | $8,324 | 3.64% |
| 43% | 6 | $1,740,000 | $290,000 | $5,052 | 3.85% |
| 41% | 6 | $1,800,000 | $300,000 | $6,483 | 3.78% |
| 47% | 6 | $1,680,000 | $280,000 | $5,584 | 3.56% |
| 49% | 5 | $1,585,000 | $317,000 | $6,800 | 3.18% |
| 39% | 5 | $1,265,000 | $253,000 | $6,030 | 3.58% |
| 46% | 3 | $1,675,000 | $558,333 | $1,261 | 3.25% |
| >60% | 3 | $975,000 | $325,000 | $10,197 | 3.46% |
| 48% | 3 | $905,000 | $301,667 | $12,061 | 3.46% |
| 45% | 3 | $915,000 | $305,000 | $15,325 | 3.04% |
Clearpath Lending lent most frequently to those with DTI ratios of 30-36%, with 33 originations. The next most common DTI ratio? 20-30%, with 26 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 15,461 | $4,192,945,000 | $271,195 | $4,630 | 2.78% |
| Black | 4,132 | $1,141,680,000 | $276,302 | $4,371 | 2.84% |
| Asian | 435 | $149,805,000 | $344,379 | $5,641 | 2.74% |
| Native Hawaiian | 112 | $38,410,000 | $342,946 | $5,190 | 2.81% |
| American Indian | 97 | $28,905,000 | $297,990 | $4,374 | 2.79% |
| Not provided | 51 | $15,235,000 | $298,725 | $4,603 | 2.69% |
Approval Rates
Total approvals of all applications92.56%
Clearpath Lending has an average approval rate.
Pick Rate
Approvals leading to origination86.09%
Clearpath Lending has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 20,288 | $5,566,980,000 | $274,398 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 89 | $17,465,000 | $196,236 |
| Single Family (1-4 Units):Site-Built | 20,199 | $5,549,515,000 | $274,742 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 5 | $1,475,000 | $295,000 | $3,355 | 3.10% |
| 40-60% | 27 | $7,545,000 | $279,444 | $5,731 | 2.94% |
| 60-80% | 1,416 | $290,450,000 | $205,120 | $3,797 | 2.80% |
| 80-100% | 18,832 | $5,264,930,000 | $279,574 | $4,659 | 2.79% |
| Over 100% | 6 | $2,020,000 | $336,667 | $6,720 | 3.10% |
| Under 20% | 2 | $560,000 | $280,000 | $4,060 | 2.81% |