Resource Lenders Mortgage Rates, Fees & Info

FRESNO, CA

LEI: 549300LCU7GG78XX2Q49

Tax ID: 77-0251790

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Resource Lenders is a smaller mortgage company specializing in Home Purchase loans. Resource Lenders 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: Fresno, San Luis Obispo, Santa Maria, Bakersfield, and Visalia among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Resource Lenders has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Resource Lenders is typically an average 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.

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    Originations

    1,155

    Origination Dollar Volume (All Markets)

    $306,605,000
    Show all (10) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    FRESNO, CA (FHA|USDA|VA) 646 $159,960,000 $247,616 $4,399 4.85%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 105 $38,385,000 $365,571 $7,358 4.75%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 120 $36,340,000 $302,833 $7,553 4.61%
    BAKERSFIELD, CA (FHA|USDA|VA) 75 $17,615,000 $234,867 $4,982 4.83%
    VISALIA, CA (FHA|USDA|VA) 62 $13,990,000 $225,645 $4,459 4.83%
    MADERA, CA (FHA|USDA|VA) 37 $9,455,000 $255,541 $4,752 4.74%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 40 $8,580,000 $214,500 $5,447 4.87%
    Outside of Metro Areas 28 $7,140,000 $255,000 $7,534 4.85%
    MERCED, CA (FHA|USDA|VA) 11 $2,885,000 $262,273 $8,810 4.48%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $2,140,000 $356,667 $5,715 5.06%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $1,760,000 $440,000 $6,830 4.47%
    SALINAS, CA (FHA|USDA|VA) 3 $1,635,000 $545,000 $5,113 4.88%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,210,000 $605,000 $802 4.94%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,160,000 $580,000 $0 4.56%
    RENO, NV (FHA|USDA|VA) 3 $975,000 $325,000 $7,153 4.46%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $790,000 $395,000 $7,319 4.31%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $760,000 $380,000 $8,063 4.63%
    MODESTO, CA (FHA|USDA|VA) 2 $490,000 $245,000 $9,026 4.75%
    VALLEJO, CA (FHA|USDA|VA) 1 $435,000 $435,000 $11,308 4.25%
    Clearlake, CA (FHA|USDA|VA) 2 $350,000 $175,000 $0 4.69%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $295,000 $295,000 $0 4.88%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.25%
    Resource Lenders's top markets include Fresno, San Luis Obispo, Santa Maria, Bakersfield, and Visalia among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)

    • Similar Lenders

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

    FAMILIES AND SCHOOLS TOGETHER FEDERAL CREDIT UNION
    Similarity Rank: 52
    Montecito Bank & Trust
    Similarity Rank: 90
    SAFE 1 CREDIT UNION
    Similarity Rank: 96
    COASTHILLS
    Similarity Rank: 136
    AltaOne Federal Credit Union
    Similarity Rank: 220
    Educational Employees Credit Union
    Similarity Rank: 308
    PACIFIC SERVICE
    Similarity Rank: 374
    VALLEY STRONG CREDIT UNION
    Similarity Rank: 396
    LOGIX FEDERAL CREDIT UNION
    Similarity Rank: 414
    Shea Mortgage Inc.
    Similarity Rank: 888

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 774 $204,040,000 $263,618 $3,085 4.93%
    FHA 258 $64,680,000 $250,698 $6,217 4.58%
    VA 118 $36,940,000 $313,051 $6,970 4.49%
    USDA 5 $945,000 $189,000 $2,838 4.63%

    For 2018, Resource Lenders's most frequently originated type of loan was Conventional, with 774 originations. Their 2nd most popular type was FHA, with 258 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 955 $261,145,000 $273,450 $5,199 4.81%
    Cash Out Refi 161 $37,135,000 $230,652 $4,346 4.80%
    Refi 39 $8,325,000 $213,462 $2,816 4.85%

    For 2018, Resource Lenders's most frequently cited loan purpose was Home Purchase, with 955 originations. The 2nd most popular reason was Cash Out Refi, with 161 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,107 $296,685,000 $268,008 $5,110 4.82%
    15 Year 36 $7,470,000 $207,500 $2,699 4.42%
    20 Year 12 $2,450,000 $204,167 $2,872 4.75%

    For 2018, Resource Lenders's most frequently cited loan duration was 30 Year, with 1,107 originations. The 2nd most popular length was 15 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 433 $116,965,000 $270,127
    $<1k 396 $97,660,000 $246,616
    $2k-3k 115 $30,025,000 $261,087
    $5k+ 104 $33,250,000 $319,712
    $3k-4k 54 $14,470,000 $267,963
    $4k-5k 53 $14,235,000 $268,585

    Resource Lenders's average total fees were $5,110, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 433 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 785 $216,935,000 $276,350
    5-6% 315 $75,355,000 $239,222
    3-4% 51 $13,535,000 $265,392
    6-7% 4 $780,000 $195,000

    During 2018, Resource Lenders's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 4-5%, with 785 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 725 $201,925,000 $278,517 $5,478 4.75%
    $100k-200k 274 $42,960,000 $156,788 $3,417 4.95%
    $400k-600k 106 $48,520,000 $457,736 $7,329 4.73%
    $100,000 or less 33 $2,635,000 $79,848 $2,595 5.00%
    $600k-1MM 17 $10,565,000 $621,471 $5,424 4.85%

    2018 saw Resource Lenders place emphasis on $200k-400k loans with 725 originations, totaling $201,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 334 $76,440,000 $228,862 $5,304 4.75%
    $75k-100k 267 $70,005,000 $262,191 $5,342 4.76%
    $100k-150k 250 $76,490,000 $305,960 $5,583 4.82%
    $50k or less 129 $21,215,000 $164,457 $3,509 4.86%
    $150k-250k 122 $42,330,000 $346,967 $4,416 4.94%
    $250k+ 53 $20,125,000 $379,717 $4,397 4.92%

    Resource Lenders lent most frequently to those with incomes in the $50k-75k range, with 334 originations. The second most popular income band? $75k-100k, with 267 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 198 $50,180,000 $253,434 $4,116 4.85%
    20-30% 183 $45,315,000 $247,623 $4,107 4.79%
    50-60% 78 $21,670,000 $277,821 $6,902 4.56%
    44% 59 $14,795,000 $250,763 $5,948 4.88%
    42% 57 $15,685,000 $275,175 $4,907 4.83%
    <20% 54 $12,670,000 $234,630 $3,275 4.88%
    41% 54 $13,670,000 $253,148 $4,583 4.86%
    43% 52 $15,040,000 $289,231 $6,046 4.83%
    49% 49 $12,955,000 $264,388 $5,348 4.84%
    40% 47 $13,675,000 $290,957 $6,300 4.80%
    37% 46 $14,350,000 $311,957 $5,126 4.83%
    46% 45 $12,645,000 $281,000 $4,888 4.79%
    48% 44 $12,080,000 $274,545 $5,267 4.71%
    36% 39 $10,935,000 $280,385 $4,903 4.79%
    39% 39 $9,965,000 $255,513 $4,528 4.97%
    47% 37 $10,075,000 $272,297 $4,449 4.91%
    38% 36 $10,910,000 $303,056 $6,352 4.76%
    45% 33 $8,425,000 $255,303 $4,178 4.70%
    >60% 5 $1,565,000 $313,000 $4,398 4.25%

    Resource Lenders lent most frequently to those with DTI ratios of 30-36%, with 198 originations. The next most common DTI ratio? 20-30%, with 183 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,037 $274,125,000 $264,344 $4,965 4.80%
    Asian 49 $12,065,000 $246,224 $6,229 4.82%
    Not provided 37 $11,145,000 $301,216 $5,120 4.79%
    Black 19 $5,405,000 $284,474 $5,913 4.73%
    American Indian 8 $2,260,000 $282,500 $5,795 4.94%
    Not applicable 5 $1,605,000 $321,000 $3,326 5.20%

    Approval Rates

    Total approvals of all applications
    99.14%

    Resource Lenders has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    79.74%

    Resource Lenders has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,155 $306,605,000 $265,459

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,155 $306,605,000 $265,459

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $7,405,000 $157,553 $1,877 4.75%
    40-60% 71 $16,785,000 $236,408 $3,034 4.74%
    60-80% 334 $87,600,000 $262,275 $3,376 4.92%
    80-100% 662 $182,230,000 $275,272 $5,346 4.77%
    Over 100% 36 $12,040,000 $334,444 $9,093 4.52%
    Under 20% 5 $545,000 $109,000 $0 4.93%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Resource Marketing Corp. LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%