Ocmbc Mortgage Rates, Fees & Info

SEAL BEACH, CA

LEI: 549300J7I82PNDVU8H22

Tax ID: 33-0962918

1.7 stars - out of 5 stars, based on 100 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Ocmbc is a mid-sized mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Ocmbc has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, San Francisco, and Chicago among others. We have data for 239 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ocmbc has a below average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Ocmbc is typically a high 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
    30 Year Conventional Purchase 6.79% 1/29/23
    30 Year Conventional Refi 6.38% 1/29/23
    30 Year Cash-out Refi 6.62% 1/29/23
    30 Year FHA Purchase 7.41% 1/29/23
    30 Year FHA Refi 7.01% 1/29/23
    30 Year VA Purchase 6.34% 1/29/23
    30 Year VA Refi 5.75% 1/29/23
    30 Year USDA Purchase 7.25% 1/29/23
    30 Year USDA Refi 6.27% 1/29/23
    15 Year Conventional Purchase 6.73% 1/29/23
    15 Year Conventional Refi 6.02% 1/29/23
    15 Year Cash-out Refi 6.02% 1/29/23
    15 Year FHA Refi 6.82% 1/29/23
    15 Year VA Refi 5.68% 1/29/23
    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.


    Originations

    9,997

    Origination Dollar Volume (All Markets)

    $4,011,795,000
    Show all (5) awards

    Relative Rate

    Ocmbc's average 30 year fixed mortgage rate was 3.15%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0%.

    Relative Fees (Closing Costs)

    Ocmbc's average total fees/closing costs for a 30 year fixed rate mortgage were $8,005.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3,399 $1,648,915,000 $485,118 $8,383 3.10%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1,410 $514,040,000 $364,567 $7,838 3.05%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 570 $287,650,000 $504,649 $6,898 2.95%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 346 $175,690,000 $507,775 $5,619 2.98%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 468 $113,430,000 $242,372 $7,063 3.27%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 256 $93,530,000 $365,352 $10,382 2.91%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 249 $82,865,000 $332,791 $5,182 3.36%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 147 $82,455,000 $560,918 $4,717 2.87%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 161 $80,445,000 $499,658 $8,541 3.07%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 191 $70,775,000 $370,550 $9,550 3.45%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 177 $68,795,000 $388,672 $7,106 3.11%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 142 $49,420,000 $348,028 $11,246 3.52%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 141 $48,565,000 $344,433 $6,283 3.01%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 149 $42,205,000 $283,255 $8,525 2.97%
    BAKERSFIELD, CA (FHA|USDA|VA) 139 $37,855,000 $272,338 $7,478 3.05%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 93 $31,955,000 $343,602 $9,404 3.18%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 95 $30,375,000 $319,737 $6,877 3.46%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 97 $29,615,000 $305,309 $8,711 3.21%
    WORCESTER, MA-CT (FHA|USDA|VA) 89 $26,195,000 $294,326 $8,001 2.91%
    STOCKTON, CA (FHA|USDA|VA) 64 $21,930,000 $342,656 $5,300 3.31%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 92 $21,780,000 $236,739 $7,368 3.17%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 43 $18,595,000 $432,442 $7,752 2.99%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 66 $18,570,000 $281,364 $9,105 4.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 53 $18,095,000 $341,415 $4,938 3.03%
    SALT LAKE CITY, UT (FHA|USDA|VA) 55 $17,995,000 $327,182 $6,493 2.99%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 80 $17,420,000 $217,750 $8,008 3.65%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 61 $16,095,000 $263,852 $8,097 3.43%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 51 $14,185,000 $278,137 $9,170 3.13%
    Outside of Metro Areas 42 $13,510,000 $321,667 $7,055 3.40%
    VALLEJO, CA (FHA|USDA|VA) 31 $12,085,000 $389,839 $6,637 2.98%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 29 $11,475,000 $395,690 $10,523 4.09%
    MODESTO, CA (FHA|USDA|VA) 31 $10,115,000 $326,290 $6,536 3.45%
    FRESNO, CA (FHA|USDA|VA) 33 $10,005,000 $303,182 $6,697 3.34%
    SALINAS, CA (FHA|USDA|VA) 18 $8,590,000 $477,222 $9,027 2.89%
    BOULDER, CO (FHA|USDA|VA) 23 $8,195,000 $356,304 $3,213 2.81%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 18 $7,660,000 $425,556 $9,670 3.19%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 17 $7,445,000 $437,941 $6,643 3.29%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 21 $6,705,000 $319,286 $6,358 3.38%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 25 $6,075,000 $243,000 $5,838 3.57%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 13 $6,015,000 $462,692 $10,690 3.32%
    BATON ROUGE, LA (FHA|USDA|VA) 33 $5,925,000 $179,545 $10,359 3.01%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 15 $5,295,000 $353,000 $6,482 2.97%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 22 $5,260,000 $239,091 $7,396 3.02%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 20 $5,170,000 $258,500 $5,930 3.06%
    TUCSON, AZ (FHA|USDA|VA) 15 $4,965,000 $331,000 $8,255 3.48%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 10 $4,730,000 $473,000 $7,184 2.71%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 18 $4,600,000 $255,556 $6,231 3.28%
    PUNTA GORDA, FL (FHA|USDA|VA) 20 $4,550,000 $227,500 $6,084 3.38%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 22 $4,430,000 $201,364 $6,969 2.81%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 8 $4,330,000 $541,250 $12,328 3.06%
    JACKSONVILLE, FL (FHA|USDA|VA) 13 $3,995,000 $307,308 $8,743 3.77%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 11 $3,815,000 $346,818 $4,660 2.97%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 15 $3,735,000 $249,000 $8,218 3.30%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 17 $3,705,000 $217,941 $7,456 4.68%
    VISALIA, CA (FHA|USDA|VA) 15 $3,675,000 $245,000 $5,485 2.95%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 12 $3,550,000 $295,833 $7,767 3.24%
    REDDING, CA (FHA|USDA|VA) 10 $3,550,000 $355,000 $6,981 3.34%
    Bozeman, MT (FHA|USDA|VA) 9 $3,385,000 $376,111 $5,624 2.92%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 14 $3,380,000 $241,429 $6,770 2.94%
    SPRINGFIELD, MA (FHA|USDA|VA) 12 $3,280,000 $273,333 $8,384 2.69%
    PITTSBURGH, PA (FHA|USDA|VA) 13 $3,275,000 $251,923 $7,583 2.59%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $3,030,000 $757,500 $12,874 5.37%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 10 $3,010,000 $301,000 $7,654 3.41%
    EL CENTRO, CA (FHA|USDA|VA) 10 $2,950,000 $295,000 $7,832 3.04%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 9 $2,805,000 $311,667 $7,705 3.47%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 8 $2,790,000 $348,750 $3,717 3.09%
    GREELEY, CO (FHA|USDA|VA) 9 $2,785,000 $309,444 $6,312 2.65%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 9 $2,735,000 $303,889 $9,256 3.36%
    FORT COLLINS, CO (FHA|USDA|VA) 10 $2,700,000 $270,000 $3,885 2.60%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 11 $2,685,000 $244,091 $9,440 3.13%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 12 $2,590,000 $215,833 $6,527 3.11%
    MADERA, CA (FHA|USDA|VA) 9 $2,445,000 $271,667 $4,994 2.99%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 6 $2,310,000 $385,000 $7,467 3.13%
    URBAN HONOLULU, HI (FHA|USDA|VA) 3 $2,295,000 $765,000 $6,802 3.75%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 7 $2,175,000 $310,714 $6,298 3.14%
    PROVO-OREM, UT (FHA|USDA|VA) 8 $2,160,000 $270,000 $5,571 3.06%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 10 $2,060,000 $206,000 $5,417 2.94%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $1,935,000 $387,000 $8,234 4.25%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 6 $1,930,000 $321,667 $10,245 3.75%
    Ukiah, CA (FHA|USDA|VA) 5 $1,925,000 $385,000 $7,977 2.90%
    MERCED, CA (FHA|USDA|VA) 7 $1,915,000 $273,571 $5,316 3.16%
    RICHMOND, VA (FHA|USDA|VA) 5 $1,825,000 $365,000 $9,292 3.53%
    Laconia, NH (FHA|USDA|VA) 6 $1,760,000 $293,333 $8,455 3.02%
    FLAGSTAFF, AZ (FHA|USDA|VA) 6 $1,750,000 $291,667 $6,739 3.06%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,725,000 $345,000 $9,775 4.00%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $1,695,000 $339,000 $4,636 2.80%
    OCALA, FL (FHA|USDA|VA) 9 $1,595,000 $177,222 $6,581 2.89%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $1,570,000 $392,500 $10,920 2.97%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 6 $1,550,000 $258,333 $7,835 2.60%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $1,535,000 $307,000 $12,437 3.90%
    CHICO, CA (FHA|USDA|VA) 6 $1,470,000 $245,000 $4,425 2.69%
    NAPA, CA (FHA|USDA|VA) 3 $1,455,000 $485,000 $9,314 2.96%
    YORK-HANOVER, PA (FHA|USDA|VA) 5 $1,425,000 $285,000 $7,161 3.18%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $1,360,000 $680,000 $11,990 4.44%
    WARNER ROBINS, GA (FHA|USDA|VA) 5 $1,345,000 $269,000 $7,607 2.75%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 4 $1,330,000 $332,500 $13,065 3.19%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 8 $1,320,000 $165,000 $6,450 1.83%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,310,000 $327,500 $6,012 3.16%
    Vineyard Haven, MA (FHA|USDA|VA) 2 $1,280,000 $640,000 $17,761 3.31%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,125,000 $225,000 $5,094 3.88%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $1,120,000 $280,000 $2,101 3.44%
    WENATCHEE, WA (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 5.00%
    YUBA CITY, CA (FHA|USDA|VA) 4 $1,100,000 $275,000 $6,570 2.81%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,085,000 $361,667 $3,113 3.04%
    BANGOR, ME (FHA|USDA|VA) 6 $1,080,000 $180,000 $5,508 2.79%
    Hilo, HI (FHA|USDA|VA) 2 $1,080,000 $540,000 $6,064 3.87%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $1,070,000 $267,500 $6,674 3.00%
    PANAMA CITY, FL (FHA|USDA|VA) 4 $1,010,000 $252,500 $7,174 2.97%
    FAYETTEVILLE, NC (FHA|USDA|VA) 4 $980,000 $245,000 $8,035 2.59%
    Oak Harbor, WA (FHA|USDA|VA) 3 $965,000 $321,667 $3,726 2.46%
    Concord, NH (FHA|USDA|VA) 3 $935,000 $311,667 $8,656 2.92%
    SALISBURY, MD-DE (FHA|USDA|VA) 4 $920,000 $230,000 $7,132 3.44%
    ROCKFORD, IL (FHA|USDA|VA) 4 $900,000 $225,000 $7,668 3.25%
    Pahrump, NV (FHA|USDA|VA) 4 $900,000 $225,000 $4,222 2.22%
    BOISE CITY, ID (FHA|USDA|VA) 2 $890,000 $445,000 $17,372 3.06%
    EL PASO, TX (FHA|USDA|VA) 3 $885,000 $295,000 $9,543 4.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $845,000 $281,667 $9,199 3.25%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $830,000 $207,500 $13,130 2.41%
    Key West, FL (FHA|USDA|VA) 2 $810,000 $405,000 $5,851 4.38%
    Edwards, CO (FHA|USDA|VA) 2 $800,000 $400,000 $4,574 2.94%
    GRAND JUNCTION, CO (FHA|USDA|VA) 2 $780,000 $390,000 $6,857 2.94%
    Sonora, CA (FHA|USDA|VA) 1 $725,000 $725,000 $24,544 6.50%
    KANKAKEE, IL (FHA|USDA|VA) 3 $715,000 $238,333 $4,129 3.04%
    Breckenridge, CO (FHA|USDA|VA) 2 $700,000 $350,000 $2,081 3.00%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 4 $690,000 $172,500 $6,136 2.84%
    SAVANNAH, GA (FHA|USDA|VA) 4 $680,000 $170,000 $4,780 2.97%
    COLUMBUS, OH (FHA|USDA|VA) 2 $640,000 $320,000 $12,031 3.25%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $635,000 $211,667 $6,140 4.62%
    Seneca, SC (FHA|USDA|VA) 1 $635,000 $635,000 $15,230 5.38%
    Durango, CO (FHA|USDA|VA) 2 $620,000 $310,000 $2,408 2.50%
    Clearlake, CA (FHA|USDA|VA) 2 $600,000 $300,000 $7,575 2.25%
    ROCHESTER, MN (FHA|USDA|VA) 3 $595,000 $198,333 $3,235 2.96%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 4 $580,000 $145,000 $4,942 2.81%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $575,000 $575,000 $2,296 2.75%
    RENO, NV (FHA|USDA|VA) 2 $570,000 $285,000 $3,563 2.50%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 2 $570,000 $285,000 $4,171 3.25%
    Jesup, GA (FHA|USDA|VA) 1 $555,000 $555,000 $11,921 6.63%
    Heber, UT (FHA|USDA|VA) 1 $555,000 $555,000 $9,096 2.75%
    MEDFORD, OR (FHA|USDA|VA) 2 $550,000 $275,000 $3,047 3.06%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 3 $545,000 $181,667 $3,539 3.13%
    TYLER, TX (FHA|USDA|VA) 1 $545,000 $545,000 $11,073 6.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $545,000 $181,667 $7,034 6.62%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $540,000 $270,000 $12,446 4.19%
    BEND, OR (FHA|USDA|VA) 1 $525,000 $525,000 $12,851 3.13%
    MONROE, LA (FHA|USDA|VA) 2 $520,000 $260,000 $4,088 2.69%
    Kalispell, MT (FHA|USDA|VA) 1 $485,000 $485,000 $3,658 3.25%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $480,000 $240,000 $4,294 2.94%
    WINCHESTER, VA-WV (FHA|USDA|VA) 2 $460,000 $230,000 $6,394 3.06%
    CARSON CITY, NV (FHA|USDA|VA) 1 $455,000 $455,000 $7,532 2.75%
    Lebanon, NH-VT (FHA|USDA|VA) 2 $450,000 $225,000 $7,015 4.56%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $450,000 $225,000 $10,053 4.13%
    LANCASTER, PA (FHA|USDA|VA) 2 $440,000 $220,000 $10,110 3.06%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $435,000 $435,000 $0 5.38%
    Urbana, OH (FHA|USDA|VA) 3 $425,000 $141,667 $5,395 2.08%
    LAS CRUCES, NM (FHA|USDA|VA) 2 $420,000 $210,000 $6,802 3.12%
    New Castle, PA (FHA|USDA|VA) 1 $415,000 $415,000 $5,007 2.63%
    Seymour, IN (FHA|USDA|VA) 2 $410,000 $205,000 $4,088 3.06%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $410,000 $205,000 $8,845 3.25%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $405,000 $135,000 $5,424 2.00%
    Eureka-Arcata, CA (FHA|USDA|VA) 2 $400,000 $200,000 $5,341 2.50%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $385,000 $385,000 $2,599 2.88%
    Vidalia, GA (FHA|USDA|VA) 1 $365,000 $365,000 $11,119 4.25%
    DOVER, DE (FHA|USDA|VA) 1 $365,000 $365,000 $20,717 2.88%
    LAFAYETTE, LA (FHA|USDA|VA) 2 $360,000 $180,000 $9,055 3.63%
    Lawrenceburg, TN (FHA|USDA|VA) 1 $345,000 $345,000 $17,689 2.88%
    Scottsburg, IN (FHA|USDA|VA) 1 $345,000 $345,000 $4,208 2.75%
    Show Low, AZ (FHA|USDA|VA) 2 $340,000 $170,000 $3,916 4.06%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $320,000 $160,000 $6,278 2.13%
    GRANTS PASS, OR (FHA|USDA|VA) 1 $315,000 $315,000 $4,180 2.88%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $315,000 $315,000 $9,213 3.38%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $315,000 $315,000 $9,328 2.75%
    SALEM, OR (FHA|USDA|VA) 2 $310,000 $155,000 $5,459 1.63%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $310,000 $155,000 $5,190 3.06%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $305,000 $305,000 $8,177 3.75%
    AMARILLO, TX (FHA|USDA|VA) 1 $295,000 $295,000 $9,824 3.88%
    Portsmouth, OH (FHA|USDA|VA) 1 $275,000 $275,000 $11,171 2.88%
    Taos, NM (FHA|USDA|VA) 1 $275,000 $275,000 $0 6.25%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $275,000 $275,000 $5,081 2.38%
    Torrington, CT (FHA|USDA|VA) 2 $270,000 $135,000 $5,947 5.50%
    READING, PA (FHA|USDA|VA) 1 $265,000 $265,000 $12,651 2.75%
    Ellensburg, WA (FHA|USDA|VA) 1 $265,000 $265,000 $1,844 2.25%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $255,000 $255,000 $14,699 2.25%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $255,000 $255,000 $9,427 3.24%
    Keene, NH (FHA|USDA|VA) 1 $245,000 $245,000 $7,537 3.13%
    Elko, NV (FHA|USDA|VA) 1 $245,000 $245,000 $7,320 2.88%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.25%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $245,000 $245,000 $7,416 3.63%
    Willmar, MN (FHA|USDA|VA) 1 $245,000 $245,000 $3,122 2.88%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $235,000 $235,000 $7,050 3.50%
    BILLINGS, MT (FHA|USDA|VA) 1 $235,000 $235,000 $4,668 2.88%
    Crossville, TN (FHA|USDA|VA) 1 $235,000 $235,000 $8,903 4.00%
    VALDOSTA, GA (FHA|USDA|VA) 1 $235,000 $235,000 $9,074 3.63%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $235,000 $235,000 $8,933 2.75%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $225,000 $225,000 $3,621 3.38%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $215,000 $215,000 $3,546 3.25%
    Fallon, NV (FHA|USDA|VA) 1 $215,000 $215,000 $10,809 2.88%
    Georgetown, SC (FHA|USDA|VA) 1 $215,000 $215,000 $6,763 3.38%
    Athens, TN (FHA|USDA|VA) 1 $215,000 $215,000 $6,201 2.75%
    Blackfoot, ID (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.25%
    SPARTANBURG, SC (FHA|USDA|VA) 2 $200,000 $100,000 $3,026 1.88%
    Ottawa, IL (FHA|USDA|VA) 1 $195,000 $195,000 $5,267 4.00%
    Okeechobee, FL (FHA|USDA|VA) 1 $195,000 $195,000 $6,228 4.25%
    LUBBOCK, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,280 2.88%
    Easton, MD (FHA|USDA|VA) 1 $195,000 $195,000 $6,831 3.25%
    Washington, IN (FHA|USDA|VA) 1 $195,000 $195,000 $11,504 3.00%
    VICTORIA, TX (FHA|USDA|VA) 1 $195,000 $195,000 $8,469 3.63%
    YUMA, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $5,419 3.13%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,562 2.25%
    FARMINGTON, NM (FHA|USDA|VA) 1 $185,000 $185,000 $5,155 2.50%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $185,000 $185,000 $3,080 2.25%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,542 3.25%
    Pottsville, PA (FHA|USDA|VA) 1 $175,000 $175,000 $9,539 3.38%
    Clewiston, FL (FHA|USDA|VA) 1 $175,000 $175,000 $6,208 3.25%
    HAMMOND, LA (FHA|USDA|VA) 1 $175,000 $175,000 $11,460 3.63%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $175,000 $175,000 $9,854 2.75%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $175,000 $175,000 $3,801 3.13%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $165,000 $165,000 $5,824 2.88%
    Henderson, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,670 6.00%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $4,973 3.50%
    Payson, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $3,119 3.13%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.63%
    Arcadia, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,596 2.88%
    Sturgis, MI (FHA|USDA|VA) 1 $155,000 $155,000 $9,214 3.25%
    Athens, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.24%
    FLINT, MI (FHA|USDA|VA) 1 $155,000 $155,000 $6,277 2.75%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $155,000 $155,000 $3,081 3.25%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $145,000 $145,000 $4,730 3.00%
    Calhoun, GA (FHA|USDA|VA) 1 $145,000 $145,000 $4,283 3.13%
    Rochelle, IL (FHA|USDA|VA) 1 $145,000 $145,000 $3,341 3.50%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $145,000 $145,000 $7,322 6.50%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $135,000 $135,000 $3,761 2.88%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $135,000 $135,000 $10,334 2.88%
    Sanford, NC (FHA|USDA|VA) 1 $135,000 $135,000 $4,042 2.88%
    Defiance, OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,860 3.50%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.13%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $105,000 $105,000 $3,882 3.75%
    PUEBLO, CO (FHA|USDA|VA) 1 $105,000 $105,000 $3,422 3.63%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $100,000 $50,000 $3,457 2.13%
    Freeport, IL (FHA|USDA|VA) 1 $95,000 $95,000 $3,392 3.75%
    Ocmbc's top markets include Los Angeles, Riverside, San Diego, San Francisco, and Chicago among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against OCMBC based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Los Angeles Federal Credit Union
    Similarity Rank: 170
    Middlesex Savings Bank
    Similarity Rank: 174
    Northern Bank & Trust Company
    Similarity Rank: 288
    Bridgewater Savings Bank
    Similarity Rank: 329
    Cedar Point Federal Credit Union
    Similarity Rank: 546
    Columbia Bank
    Similarity Rank: 572
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 624
    Central Bank
    Similarity Rank: 665
    Cambridge Savings Bank
    Similarity Rank: 693
    Milford Federal Bank
    Similarity Rank: 732

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 7,219 $2,946,665,000 $408,182 $6,480 3.20%
    FHA 2,272 $829,740,000 $365,202 $11,564 2.99%
    VA 501 $234,295,000 $467,655 $8,533 2.72%
    USDA 5 $1,095,000 $219,000 $8,933 3.40%

    For 2021, Ocmbc's most frequently originated type of loan was Conventional, with 7,219 originations. Their 2nd most popular type was FHA, with 2,272 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 3,570 $1,444,800,000 $404,706 $5,647 2.90%
    Home Purchase 3,486 $1,401,510,000 $402,040 $10,325 3.27%
    Cash Out Refi 2,940 $1,165,330,000 $396,371 $7,450 3.23%
    Home Improvement 1 $155,000 $155,000 $5,407 3.88%

    For 2021, Ocmbc's most frequently cited loan purpose was Refi, with 3,570 originations. The 2nd most popular reason was Home Purchase, with 3,486 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 9,264 $3,751,330,000 $404,936 $8,005 3.15%
    15 Year 323 $88,935,000 $275,341 $4,479 2.58%
    20 Year 258 $103,220,000 $400,078 $4,815 2.65%
    Other 108 $36,290,000 $336,019 $4,720 2.89%
    30+ year 31 $30,785,000 $993,065 $18,224 4.69%
    10 Year 13 $1,235,000 $95,000 $2,316 3.89%

    For 2021, Ocmbc's most frequently cited loan duration was 30 Year, with 9,264 originations. The 2nd most popular length was 15 Year, with 323 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,005 $1,236,545,000 $411,496
    $5k+ 2,447 $1,233,935,000 $504,264
    $<1k 2,397 $781,245,000 $325,926
    $2k-3k 836 $299,190,000 $357,883
    $3k-4k 662 $223,920,000 $338,248
    $4k-5k 571 $206,665,000 $361,935

    Ocmbc's average total fees were $8,005, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,005 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 4,394 $1,728,600,000 $393,400
    3-4% 3,352 $1,349,660,000 $402,643
    <2.5% 1,389 $510,615,000 $367,613
    4-5% 448 $227,190,000 $507,121
    5-6% 243 $120,175,000 $494,547
    6-7% 128 $56,490,000 $441,328
    7-8% 35 $14,025,000 $400,714
    Over 8% 7 $5,025,000 $717,857

    During 2021, Ocmbc's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 2.5-3%, with 4,394 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,438 $1,334,440,000 $300,685 $6,855 3.14%
    $400k-600k 3,074 $1,489,430,000 $484,525 $8,368 3.11%
    $600k-1MM 1,136 $813,510,000 $716,118 $11,451 3.21%
    $100k-200k 1,015 $165,465,000 $163,020 $5,144 3.33%
    $100,000 or less 196 $4,110,000 $20,969 $708 0.68%
    $1MM+ 138 $204,840,000 $1,484,348 $24,497 4.31%

    2021 saw Ocmbc place emphasis on $200k-400k loans with 4,438 originations, totaling $1,334,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,399 $1,040,945,000 $433,908 $8,338 3.07%
    $75k-100k 2,029 $738,545,000 $363,995 $7,876 3.03%
    $50k-75k 1,845 $527,175,000 $285,732 $7,115 3.01%
    $150k-250k 1,624 $809,010,000 $498,159 $7,723 3.12%
    $250k+ 743 $480,305,000 $646,440 $10,041 3.53%
    $50k or less 616 $124,110,000 $201,477 $6,308 2.99%

    Ocmbc lent most frequently to those with incomes in the $100k-150k range, with 2,399 originations. The second most popular income band? $75k-100k, with 2,029 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,395 $551,575,000 $395,394 $7,095 3.09%
    20-30% 1,286 $515,190,000 $400,614 $6,413 3.02%
    50-60% 915 $364,005,000 $397,820 $12,124 2.93%
    44% 514 $206,360,000 $401,479 $7,894 3.13%
    49% 490 $200,460,000 $409,102 $8,495 3.15%
    43% 474 $179,460,000 $378,608 $7,317 3.15%
    <20% 423 $174,325,000 $412,116 $6,385 3.09%
    48% 395 $168,115,000 $425,608 $8,402 3.17%
    41% 373 $148,505,000 $398,137 $7,513 3.10%
    40% 371 $150,285,000 $405,081 $7,411 3.15%
    47% 361 $139,795,000 $387,244 $8,011 3.10%
    42% 360 $154,430,000 $428,972 $8,574 3.14%
    45% 343 $141,625,000 $412,901 $7,871 3.14%
    39% 336 $138,590,000 $412,470 $7,406 3.05%
    46% 334 $131,830,000 $394,701 $8,162 3.07%
    36% 297 $119,375,000 $401,936 $7,344 3.13%
    38% 295 $117,315,000 $397,678 $7,268 3.13%
    37% 258 $101,060,000 $391,705 $7,458 3.03%
    >60% 12 $4,780,000 $398,333 $7,649 2.55%

    Ocmbc lent most frequently to those with DTI ratios of 30-36%, with 1,395 originations. The next most common DTI ratio? 20-30%, with 1,286 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,573 $2,621,835,000 $398,880 $7,595 3.16%
    Not provided 1,639 $702,645,000 $428,703 $8,247 3.08%
    Asian 748 $344,450,000 $460,495 $6,364 3.04%
    Black 982 $323,150,000 $329,073 $9,329 3.05%
    Native Hawaiian or Islander 27 $10,675,000 $395,370 $8,759 3.07%
    American Indian 28 $9,040,000 $322,857 $8,466 3.06%

    Approval Rates

    Total approvals of all applications
    69.45%

    Ocmbc has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    99.94%

    Ocmbc has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    10334.0 1 $405,000 $405,000
    10396.86 1 $325,000 $325,000
    10417.38 1 $375,000 $375,000
    10605.13 1 $495,000 $495,000
    10704.63 1 $205,000 $205,000
    10784.0 1 $405,000 $405,000
    107964.0 1 $2,005,000 $2,005,000
    10798.68 1 $405,000 $405,000
    11014.0 1 $305,000 $305,000
    11147.1 1 $735,000 $735,000
    11190.1 1 $485,000 $485,000
    11233.6 1 $165,000 $165,000
    11244.0 1 $205,000 $205,000
    11479.0 1 $205,000 $205,000
    11609.0 1 $225,000 $225,000
    11684.0 1 $525,000 $525,000
    116929.5 1 $2,505,000 $2,505,000
    11764.0 1 $205,000 $205,000
    11854.0 1 $295,000 $295,000
    11928.25 1 $265,000 $265,000
    12539.6 1 $355,000 $355,000
    12556.0 1 $245,000 $245,000
    12821.35 1 $265,000 $265,000
    12846.5 1 $525,000 $525,000
    13099.0 1 $225,000 $225,000
    13189.1 1 $445,000 $445,000
    13275.0 1 $605,000 $605,000
    13488.4 1 $225,000 $225,000
    13744.57 1 $555,000 $555,000
    13794.0 1 $555,000 $555,000
    14237.38 1 $205,000 $205,000
    14299.0 1 $495,000 $495,000
    14472.0 1 $515,000 $515,000
    15254.0 1 $565,000 $565,000
    15344.0 1 $515,000 $515,000
    15395.38 1 $495,000 $495,000
    15524.5 1 $395,000 $395,000
    15534.0 1 $315,000 $315,000
    15720.0 1 $545,000 $545,000
    15986.5 1 $375,000 $375,000
    16129.0 1 $485,000 $485,000
    16205.25 1 $485,000 $485,000
    16715.88 1 $415,000 $415,000
    16961.5 1 $215,000 $215,000
    17169.0 1 $405,000 $405,000
    17246.4 1 $245,000 $245,000
    17453.4 1 $995,000 $995,000
    17615.5 1 $475,000 $475,000
    17986.4 1 $365,000 $365,000
    18175.0 1 $475,000 $475,000
    18587.76 1 $445,000 $445,000
    19174.81 1 $525,000 $525,000
    1955.46 1 $145,000 $145,000
    19638.38 1 $535,000 $535,000
    19674.0 1 $605,000 $605,000
    19735.0 1 $635,000 $635,000
    19994.0 1 $595,000 $595,000
    20539.0 1 $485,000 $485,000
    20574.0 1 $405,000 $405,000
    210474.0 1 $6,305,000 $6,305,000
    21327.08 1 $525,000 $525,000
    22008.38 1 $865,000 $865,000
    22064.0 1 $345,000 $345,000
    22544.93 1 $635,000 $635,000
    22844.0 1 $715,000 $715,000
    23039.0 1 $2,005,000 $2,005,000
    23419.0 1 $635,000 $635,000
    23814.0 1 $525,000 $525,000
    24224.0 1 $695,000 $695,000
    24248.0 1 $575,000 $575,000
    24384.0 1 $865,000 $865,000
    26416.5 1 $1,235,000 $1,235,000
    26486.5 1 $655,000 $655,000
    2696.25 1 $105,000 $105,000
    27938.6 1 $585,000 $585,000
    28764.4 1 $1,045,000 $1,045,000
    28782.79 1 $445,000 $445,000
    28889.63 1 $615,000 $615,000
    29189.0 1 $645,000 $645,000
    29324.0 1 $1,505,000 $1,505,000
    29388.93 1 $1,015,000 $1,015,000
    30060.25 1 $735,000 $735,000
    30930.5 1 $585,000 $585,000
    32079.0 1 $465,000 $465,000
    32100.5 1 $605,000 $605,000
    32308.75 1 $995,000 $995,000
    33572.48 1 $995,000 $995,000
    34395.35 1 $665,000 $665,000
    35137.44 1 $635,000 $635,000
    37542.8 1 $1,045,000 $1,045,000
    3933.74 1 $115,000 $115,000
    4008.38 1 $135,000 $135,000
    4083.0 1 $345,000 $345,000
    4140.23 1 $115,000 $115,000
    41651.62 1 $1,155,000 $1,155,000
    4218.76 1 $475,000 $475,000
    42524.69 1 $1,105,000 $1,105,000
    4801.45 1 $135,000 $135,000
    4826.0 1 $205,000 $205,000
    4835.0 1 $115,000 $115,000
    49509.0 1 $1,505,000 $1,505,000
    5088.82 1 $125,000 $125,000
    5100.7 1 $215,000 $215,000
    54054.1 1 $1,105,000 $1,105,000
    5741.89 1 $285,000 $285,000
    5752.13 1 $155,000 $155,000
    6094.24 1 $325,000 $325,000
    6200.75 1 $175,000 $175,000
    6221.12 1 $215,000 $215,000
    6228.63 1 $115,000 $115,000
    6383.18 1 $605,000 $605,000
    6520.55 1 $215,000 $215,000
    6779.15 2 $910,000 $455,000
    6801.5 2 $340,000 $170,000
    6802.95 1 $395,000 $395,000
    7141.65 1 $525,000 $525,000
    7179.0 1 $175,000 $175,000
    7240.21 1 $155,000 $155,000
    7450.84 1 $255,000 $255,000
    7512.83 1 $565,000 $565,000
    7594.64 1 $565,000 $565,000
    7635.8 1 $275,000 $275,000
    7703.85 1 $485,000 $485,000
    7916.9 1 $225,000 $225,000
    7955.68 1 $165,000 $165,000
    7961.52 1 $545,000 $545,000
    7981.44 1 $245,000 $245,000
    8025.16 1 $135,000 $135,000
    80894.0 2 $3,010,000 $1,505,000
    8293.4 1 $245,000 $245,000
    8417.12 1 $295,000 $295,000
    8996.2 1 $275,000 $275,000
    9223.69 1 $195,000 $195,000
    9251.68 1 $265,000 $265,000
    9464.0 1 $155,000 $155,000
    9468.74 2 $410,000 $205,000
    9481.5 1 $195,000 $195,000
    9512.0 1 $635,000 $635,000
    9655.0 1 $275,000 $275,000
    9727.5 1 $215,000 $215,000
    9944.0 1 $305,000 $305,000
    9955.78 1 $165,000 $165,000
    NA 9,851 $3,932,895,000 $399,238

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    9,997 $4,011,795,000 $401,300

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 629 $187,825,000 $298,609 $4,631 2.90%
    40-60% 1,876 $735,440,000 $392,026 $5,279 2.98%
    60-80% 3,577 $1,537,485,000 $429,825 $7,382 3.28%
    80-100% 3,639 $1,511,855,000 $415,459 $10,244 3.23%
    Over 100% 50 $22,010,000 $440,200 $15,478 2.77%
    Under 20% 220 $14,140,000 $64,273 $1,130 0.87%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    OCMBC, Inc FHA mortgage Closing on a mortgage 1 100.0%