Ocmbc Mortgage Rates, Fees & Info
SEAL BEACH, CALEI: 549300J7I82PNDVU8H22
Tax ID: 33-0962918
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Mortgage Data
Review & Overview
Ocmbc is a small mortgage company specializing in Home Purchase, Refi, 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, Chicago, and San Francisco among others. We have data for 196 markets. (Some data included below & more in-depth data is available with an active subscription.)Ocmbc 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. 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 | 7.19% | 4/19/24 |
| 30 Year Conventional Refi | 6.89% | 4/19/24 |
| 30 Year Cash-out Refi | 7.26% | 4/19/24 |
| 30 Year FHA Purchase | 7.53% | 4/19/24 |
| 30 Year FHA Refi | 7.14% | 4/19/24 |
| 30 Year VA Purchase | 6.36% | 4/19/24 |
| 30 Year VA Refi | 6.27% | 4/19/24 |
| 30 Year USDA Purchase | 6.61% | 4/19/24 |
| 15 Year Conventional Purchase | 5.84% | 4/19/24 |
| 15 Year Conventional Refi | 6.47% | 4/19/24 |
| 15 Year Cash-out Refi | 6.47% | 4/19/24 |
| 15 Year FHA Refi | 5.68% | 4/19/24 |
| 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. | ||
Ocmbc Mortgage Calculator
Your Estimates
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This is not an official calculator from Ocmbc. 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
6,835Origination Dollar Volume (All Markets)
$2,379,415,000Awards
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OCMBC - 2020
OCMBC is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 1,740 | $789,920,000 | $453,977 | $8,916 | 3.40% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1,196 | $387,750,000 | $324,206 | $8,486 | 3.43% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 413 | $176,515,000 | $427,397 | $7,175 | 3.31% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 533 | $116,775,000 | $219,090 | $7,934 | 3.53% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 155 | $75,475,000 | $486,935 | $7,532 | 3.37% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 206 | $61,910,000 | $300,534 | $11,056 | 3.47% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 148 | $49,900,000 | $337,162 | $9,667 | 3.49% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 140 | $44,310,000 | $316,500 | $7,757 | 3.42% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 123 | $44,295,000 | $360,122 | $7,397 | 3.25% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 125 | $44,145,000 | $353,160 | $10,753 | 3.44% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 91 | $42,865,000 | $471,044 | $8,780 | 3.39% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 149 | $42,015,000 | $281,980 | $5,954 | 3.56% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 49 | $26,515,000 | $541,122 | $6,112 | 3.27% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 93 | $26,005,000 | $279,624 | $8,467 | 3.40% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 91 | $20,605,000 | $226,429 | $8,922 | 3.24% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 72 | $19,400,000 | $269,444 | $9,434 | 3.47% |
| FRESNO, CA (FHA|USDA|VA) | 71 | $19,205,000 | $270,493 | $6,126 | 3.41% |
| SALINAS, CA (FHA|USDA|VA) | 46 | $18,830,000 | $409,348 | $8,239 | 3.47% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 85 | $18,365,000 | $216,059 | $7,562 | 3.52% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 66 | $18,170,000 | $275,303 | $8,035 | 3.27% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 55 | $14,395,000 | $261,727 | $7,540 | 3.81% |
| STOCKTON, CA (FHA|USDA|VA) | 44 | $14,340,000 | $325,909 | $7,064 | 3.53% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 51 | $13,015,000 | $255,196 | $9,625 | 3.72% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 39 | $12,865,000 | $329,872 | $5,656 | 3.24% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 46 | $12,590,000 | $273,696 | $10,280 | 3.32% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 39 | $11,595,000 | $297,308 | $11,512 | 3.90% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 43 | $10,025,000 | $233,140 | $8,575 | 3.44% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 35 | $9,555,000 | $273,000 | $8,462 | 3.69% |
| Outside of Metro Areas | 31 | $7,595,000 | $245,000 | $6,893 | 3.30% |
| VALLEJO, CA (FHA|USDA|VA) | 20 | $7,460,000 | $373,000 | $8,171 | 3.29% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 33 | $7,395,000 | $224,091 | $8,967 | 2.90% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 15 | $6,605,000 | $440,333 | $7,591 | 4.13% |
| MODESTO, CA (FHA|USDA|VA) | 23 | $6,075,000 | $264,130 | $7,531 | 3.69% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 19 | $6,055,000 | $318,684 | $9,431 | 3.27% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 19 | $5,975,000 | $314,474 | $7,264 | 3.20% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 17 | $5,795,000 | $340,882 | $7,806 | 3.32% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 27 | $5,675,000 | $210,185 | $6,332 | 3.53% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 19 | $5,595,000 | $294,474 | $11,680 | 3.42% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 24 | $5,540,000 | $230,833 | $8,687 | 3.72% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 24 | $5,490,000 | $228,750 | $6,634 | 3.54% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 21 | $4,965,000 | $236,429 | $8,872 | 3.71% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 12 | $4,910,000 | $409,167 | $7,599 | 3.95% |
| BOULDER, CO (FHA|USDA|VA) | 13 | $4,895,000 | $376,538 | $3,910 | 3.12% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 16 | $4,880,000 | $305,000 | $7,957 | 3.40% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 24 | $4,840,000 | $201,667 | $8,230 | 3.28% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 20 | $4,550,000 | $227,500 | $8,560 | 3.52% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 10 | $4,230,000 | $423,000 | $6,649 | 3.45% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 8 | $4,050,000 | $506,250 | $6,488 | 3.69% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 20 | $4,010,000 | $200,500 | $5,909 | 3.53% |
| MADERA, CA (FHA|USDA|VA) | 15 | $3,905,000 | $260,333 | $6,002 | 3.31% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 10 | $3,540,000 | $354,000 | $6,432 | 3.08% |
| VISALIA, CA (FHA|USDA|VA) | 13 | $3,535,000 | $271,923 | $6,874 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 14 | $3,470,000 | $247,857 | $7,568 | 3.34% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 8 | $3,220,000 | $402,500 | $8,995 | 3.51% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 13 | $3,195,000 | $245,769 | $9,516 | 3.73% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 9 | $3,075,000 | $341,667 | $5,772 | 3.06% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 10 | $3,060,000 | $306,000 | $7,558 | 3.76% |
| Bozeman, MT (FHA|USDA|VA) | 6 | $3,010,000 | $501,667 | $11,183 | 3.46% |
| FORT COLLINS, CO (FHA|USDA|VA) | 8 | $2,900,000 | $362,500 | $3,956 | 3.14% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 15 | $2,895,000 | $193,000 | $8,410 | 3.66% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 10 | $2,470,000 | $247,000 | $5,628 | 3.39% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 12 | $2,450,000 | $204,167 | $7,782 | 3.65% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $2,170,000 | $361,667 | $4,712 | 3.73% |
| MERCED, CA (FHA|USDA|VA) | 9 | $2,155,000 | $239,444 | $7,697 | 3.93% |
| BATON ROUGE, LA (FHA|USDA|VA) | 10 | $2,150,000 | $215,000 | $13,115 | 3.12% |
| ROCHESTER, MN (FHA|USDA|VA) | 8 | $2,130,000 | $266,250 | $4,827 | 3.45% |
| EL PASO, TX (FHA|USDA|VA) | 12 | $2,130,000 | $177,500 | $7,065 | 3.61% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 6 | $1,990,000 | $331,667 | $9,069 | 2.96% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 7 | $1,965,000 | $280,714 | $10,428 | 3.51% |
| Heber, UT (FHA|USDA|VA) | 6 | $1,960,000 | $326,667 | $5,308 | 3.10% |
| EL CENTRO, CA (FHA|USDA|VA) | 8 | $1,760,000 | $220,000 | $6,052 | 3.17% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 8 | $1,730,000 | $216,250 | $10,115 | 3.57% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 7 | $1,715,000 | $245,000 | $6,138 | 2.96% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 7 | $1,595,000 | $227,857 | $7,384 | 3.42% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $16,693 | 2.91% |
| PROVO-OREM, UT (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $6,978 | 3.25% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 8 | $1,490,000 | $186,250 | $7,367 | 3.57% |
| GREELEY, CO (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $5,826 | 3.77% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 8 | $1,400,000 | $175,000 | $7,369 | 3.36% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 6 | $1,360,000 | $226,667 | $7,785 | 4.01% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $10,894 | 3.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 6 | $1,280,000 | $213,333 | $5,805 | 3.18% |
| WENATCHEE, WA (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $7,509 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $3,965 | 3.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $8,594 | 3.06% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $9,577 | 3.55% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $4,065 | 3.65% |
| NAPA, CA (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $2,704 | 4.25% |
| OCALA, FL (FHA|USDA|VA) | 6 | $1,010,000 | $168,333 | $5,115 | 3.83% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $8,071 | 3.48% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $4,641 | 3.19% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $3,976 | 2.92% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $6,199 | 3.47% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $6,268 | 3.29% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $3,928 | 3.21% |
| BEND, OR (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $6,591 | 3.04% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $6,235 | 2.81% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $7,857 | 3.04% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $3,028 | 3.21% |
| CHICO, CA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $5,927 | 3.08% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $7,556 | 2.95% |
| Ukiah, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $2,808 | 3.06% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $9,420 | 3.33% |
| ROCKFORD, IL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $8,201 | 3.13% |
| Moses Lake, WA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $13,338 | 3.25% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $8,264 | 3.12% |
| Sonora, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,046 | 3.31% |
| RENO, NV (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,566 | 3.25% |
| Hilo, HI (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $4,900 | 3.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $11,106 | 3.25% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $5,576 | 3.25% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,993 | 3.81% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $11,261 | 7.25% |
| Fergus Falls, MN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,698 | 3.81% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $13,446 | 2.75% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,205 | 2.75% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,177 | 3.13% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,768 | 2.75% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $7,892 | 5.13% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $17,199 | 3.74% |
| Key West, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,088 | 3.13% |
| Crossville, TN (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,851 | 2.88% |
| BILLINGS, MT (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $8,163 | 4.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $8,576 | 3.19% |
| Calhoun, GA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,280 | 3.25% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $11,223 | 4.81% |
| Pahrump, NV (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,680 | 4.50% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,256 | 3.06% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $4,045 | 3.71% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $11,178 | 2.81% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,595 | 2.75% |
| Fernley, NV (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 5.63% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $15,914 | 3.74% |
| Newport, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,174 | 2.50% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $7,329 | 4.19% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,327 | 3.74% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,586 | 2.88% |
| Centralia, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,839 | 3.74% |
| SALEM, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,655 | 3.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,533 | 2.88% |
| FLINT, MI (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,122 | 3.44% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,262 | 2.75% |
| Easton, MD (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $14,561 | 3.24% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,939 | 3.63% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,941 | 2.88% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,614 | 2.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $1,936 | 2.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,107 | 4.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,380 | 4.50% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,906 | 3.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,138 | 2.88% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,972 | 4.06% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,423 | 3.50% |
| REDDING, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,911 | 3.50% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,648 | 3.25% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,990 | 3.74% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,944 | 3.74% |
| Torrington, CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,638 | 2.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,974 | 2.88% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,478 | 2.88% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,406 | 3.24% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,941 | 5.63% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,954 | 2.88% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,805 | 2.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $12,495 | 2.88% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,256 | 3.24% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,762 | 3.74% |
| Seneca, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,461 | 3.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,794 | 2.75% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,128 | 3.74% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $12,339 | 3.24% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,775 | 3.13% |
| Astoria, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $11,055 | 3.24% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,862 | 3.24% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,521 | 3.74% |
| Concord, NH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,032 | 3.63% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.88% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,562 | 2.75% |
| Adrian, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,193 | 3.74% |
| MONROE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,441 | 3.24% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,812 | 4.75% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,471 | 3.74% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,891 | 3.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,415 | 3.24% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,462 | 2.88% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,938 | 3.63% |
| Paris, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,635 | 3.63% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,341 | 3.00% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,380 | 3.13% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,951 | 3.25% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $9,023 | 3.74% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,094 | 3.74% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,770 | 4.99% |
| Palatka, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $8,745 | 3.74% |
| Wooster, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,710 | 3.74% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,618 | 3.74% |
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.
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MILLENIUM HOME MORTGAGE, LLC
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Product Mix
For 2020, Ocmbc's most frequently originated type of loan was Conventional, with 4,383 originations. Their 2nd most popular type was FHA, with 2,067 originations.
Loan Reason
For 2020, Ocmbc's most frequently cited loan purpose was Home Purchase, with 2,710 originations. The 2nd most popular reason was Refi, with 2,439 originations.
Loan Duration/Length
For 2020, Ocmbc's most frequently cited loan duration was 30 Year, with 6,249 originations. The 2nd most popular length was 20 Year, with 254 originations.
Origination Fees/Closing Costs
Ocmbc's average total fees were $8,533, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 2,069 originations.
Interest Rates
During 2020, Ocmbc's average interest rate for loans was 3.46%, while their most frequently originated rate bucket for loans was 3-4%, with 3,768 originations.
Loan Sizing
2020 saw Ocmbc place emphasis on $200k-400k loans with 3,713 originations, totaling $1,096,925,000 in origination value.
Applicant Income
Ocmbc lent most frequently to those with incomes in the $50k-75k range, with 1,561 originations. The second most popular income band? $100k-150k, with 1,554 originations.
Applicant Debt to Income Ratio
Ocmbc lent most frequently to those with DTI ratios of 30-36%, with 949 originations. The next most common DTI ratio? 20-30%, with 877 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.60%
Ocmbc has a below average approval rate.
Pick Rate
Approvals leading to origination81.70%
Ocmbc has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10155.14 | 1 | $155,000 | $155,000 |
| 10354.0 | 1 | $185,000 | $185,000 |
| 10534.0 | 1 | $215,000 | $215,000 |
| 10942.13 | 1 | $205,000 | $205,000 |
| 11343.0 | 1 | $445,000 | $445,000 |
| 11365.0 | 1 | $205,000 | $205,000 |
| 11367.0 | 1 | $205,000 | $205,000 |
| 12052.94 | 1 | $345,000 | $345,000 |
| 12474.0 | 1 | $315,000 | $315,000 |
| 12727.13 | 1 | $255,000 | $255,000 |
| 13176.5 | 1 | $315,000 | $315,000 |
| 13324.6 | 1 | $265,000 | $265,000 |
| 14904.17 | 1 | $205,000 | $205,000 |
| 15192.0 | 1 | $695,000 | $695,000 |
| 16881.5 | 1 | $275,000 | $275,000 |
| 17524.0 | 1 | $315,000 | $315,000 |
| 17674.0 | 1 | $325,000 | $325,000 |
| 23898.94 | 1 | $435,000 | $435,000 |
| 26409.0 | 1 | $655,000 | $655,000 |
| 34949.0 | 1 | $735,000 | $735,000 |
| 40669.81 | 1 | $705,000 | $705,000 |
| 41055.8 | 1 | $585,000 | $585,000 |
| 52124.0 | 1 | $1,505,000 | $1,505,000 |
| 55463.5 | 1 | $1,495,000 | $1,495,000 |
| 5977.0 | 1 | $155,000 | $155,000 |
| 6081.78 | 1 | $175,000 | $175,000 |
| 6275.25 | 1 | $175,000 | $175,000 |
| 64759.0 | 1 | $1,875,000 | $1,875,000 |
| 6967.3 | 1 | $125,000 | $125,000 |
| 7326.6 | 1 | $155,000 | $155,000 |
| 7776.0 | 1 | $145,000 | $145,000 |
| 7858.38 | 1 | $165,000 | $165,000 |
| 8750.75 | 1 | $225,000 | $225,000 |
| NA | 6,802 | $2,365,180,000 | $347,718 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 27 | $6,725,000 | $249,074 |
| Single Family (1-4 Units):Site-Built | 6,808 | $2,372,690,000 | $348,515 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| OCMBC, Inc | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 42.9% |
| OCMBC, Inc | Conventional home mortgage | Closing on a mortgage | 1 | 14.3% |
| OCMBC, Inc | Conventional home mortgage | Trouble during payment process | 1 | 14.3% |
| OCMBC, Inc | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| OCMBC, Inc | FHA mortgage | Trouble during payment process | 1 | 14.3% |