Clearpath Lending Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 549300G5DVGM0ZHRQC33

Tax ID: 45-5510883

2020 Data | 2019 Data | 2018 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

20,288

Origination Dollar Volume (All Markets)

$5,566,980,000

Awards

2020 CLEARPATH LENDING Low Rate Award
Details

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 applications
92.56%

Clearpath Lending has an average approval rate.

Pick Rate

Approvals leading to origination
86.09%

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%