Santa Clara County Mortgage Rates, Fees & Info

San Jose, CA

LEI: 549300MD3D3OC2CSGX39

Tax ID: 94-1509091

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Santa Clara County is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Santa Clara County has a high proportion of conventional loans. Their top markets by origination volume include: San Jose, San Francisco, Santa Cruz, Stockton, and Sacramento among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Santa Clara County 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. Santa Clara County is typically a low 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
    Home Equity Line of Credit (HELOC) 6.27% 4/22/24
    30 Year Conventional Purchase 5.99% 4/22/24
    30 Year Conventional Refi 6.13% 4/22/24
    30 Year Cash-out Refi 6.33% 4/22/24
    15 Year Conventional Purchase 7.07% 4/22/24
    15 Year Conventional Refi 6.13% 4/22/24
    15 Year Cash-out Refi 6.13% 4/22/24
    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.

    Santa Clara County Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Santa Clara County. 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

    350

    Origination Dollar Volume (All Markets)

    $116,580,000
    Show all (6) 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
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 277 $92,945,000 $335,542 $2,681 4.35%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 28 $12,660,000 $452,143 $2,888 3.93%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 11 $3,265,000 $296,818 $2,594 4.53%
    Outside of Metro Areas 9 $1,355,000 $150,556 $2,396 5.27%
    STOCKTON, CA (FHA|USDA|VA) 7 $1,335,000 $190,714 $2,641 5.05%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,055,000 $351,667 $2,503 3.79%
    SALINAS, CA (FHA|USDA|VA) 2 $900,000 $450,000 $2,702 3.63%
    MODESTO, CA (FHA|USDA|VA) 4 $740,000 $185,000 $2,532 4.46%
    MERCED, CA (FHA|USDA|VA) 3 $685,000 $228,333 $2,604 4.00%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $545,000 $545,000 $4,132 3.00%
    VALLEJO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $2,656 3.25%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $325,000 $325,000 $2,681 3.63%
    FRESNO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $2,486 3.25%
    Sonora, CA (FHA|USDA|VA) 1 $115,000 $115,000 $2,609 3.75%
    REDDING, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.95%
    Santa Clara County's top markets include San Jose, San Francisco, Santa Cruz, Stockton, and Sacramento among others.

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

    • Similar Lenders

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

    SAFEAMERICA CREDIT UNION
    Similarity Rank: 368
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 782
    EXCITE Credit Union
    Similarity Rank: 817
    CommonWealth Central Credit Union
    Similarity Rank: 840
    BANK OF SAN FRANCISCO
    Similarity Rank: 1228
    SANTA CLARA COUNTY
    Similarity Rank: 1275
    1ST UNITED SERVICES CREDIT UNION
    Similarity Rank: 1365
    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1374
    SAN FRANCISCO FIRE CREDIT UNION
    Similarity Rank: 1820
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1885

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 229 $100,215,000 $437,620 $2,699 3.79%
    HELOC 121 $16,365,000 $135,248 n/a 5.37%

    For 2019, Santa Clara County's most frequently originated type of loan was Conventional, with 229 originations. Their 2nd most popular type was HELOC, with 121 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 102 $43,760,000 $429,020 $2,627 3.65%
    Home Improvement 93 $20,105,000 $216,183 $2,739 5.01%
    Cash Out Refi 72 $36,870,000 $512,083 $2,658 3.63%
    Other 65 $6,585,000 $101,308 $0 5.47%
    Home Purchase 18 $9,260,000 $514,444 $3,239 3.60%

    For 2019, Santa Clara County's most frequently cited loan purpose was Refi, with 102 originations. The 2nd most popular reason was Home Improvement, with 93 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 165 $85,605,000 $518,818 $2,738 3.57%
    Other 122 $16,560,000 $135,738 $0 5.37%
    15 Year 37 $6,225,000 $168,243 $2,437 4.66%
    20 Year 17 $7,465,000 $439,118 $2,590 3.52%
    10 Year 6 $470,000 $78,333 $2,656 5.12%
    5 Year 3 $255,000 $85,000 $0 3.95%

    For 2019, Santa Clara County's most frequently cited loan duration was 30 Year, with 165 originations. The 2nd most popular length was Other, with 122 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 201 $98,465,000 $489,876

    Santa Clara County's average total fees were $2,738, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 201 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 128 $62,090,000 $485,078
    5-6% 122 $14,760,000 $120,984
    4-5% 48 $18,220,000 $379,583
    2.5-3% 33 $15,535,000 $470,758
    <2.5% 10 $4,900,000 $490,000
    6-7% 8 $880,000 $110,000

    During 2019, Santa Clara County's average interest rate for loans was 3.57%, while their most frequently originated rate bucket for loans was 3-4%, with 128 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 77 $21,685,000 $281,623 $2,554 4.25%
    $400k-600k 77 $38,405,000 $498,766 $2,727 3.58%
    $100,000 or less 71 $4,095,000 $57,676 $2,363 5.47%
    $600k-1MM 62 $42,130,000 $679,516 $2,817 3.53%
    $100k-200k 61 $7,995,000 $131,066 $2,385 4.97%
    $1MM+ 2 $2,270,000 $1,135,000 $3,689 3.56%

    2019 saw Santa Clara County place emphasis on $200k-400k loans with 77 originations, totaling $21,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 121 $45,005,000 $371,942 $2,736 4.40%
    $100k-150k 120 $39,280,000 $327,333 $2,768 4.41%
    $75k-100k 35 $8,275,000 $236,429 $2,573 4.37%
    $250k+ 32 $14,280,000 $446,250 $3,082 4.32%
    $50k-75k 22 $3,380,000 $153,636 $2,523 4.42%
    $50k or less 5 $335,000 $67,000 $2,386 4.74%

    Santa Clara County lent most frequently to those with incomes in the $150k-250k range, with 121 originations. The second most popular income band? $100k-150k, with 120 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 89 $32,765,000 $368,146 $2,661 4.03%
    30-36% 81 $23,975,000 $295,988 $2,683 4.42%
    <20% 28 $7,900,000 $282,143 $2,346 4.05%
    39% 24 $5,630,000 $234,583 $2,655 4.76%
    37% 24 $7,610,000 $317,083 $2,568 4.59%
    40% 19 $6,735,000 $354,474 $3,134 4.69%
    41% 16 $5,100,000 $318,750 $3,115 4.47%
    42% 16 $7,350,000 $459,375 $2,692 4.16%
    44% 15 $6,455,000 $430,333 $2,853 4.38%
    38% 14 $3,050,000 $217,857 $2,670 4.94%
    36% 11 $4,315,000 $392,273 $2,906 4.38%
    43% 8 $3,430,000 $428,750 $2,802 4.26%
    45% 2 $500,000 $250,000 $2,656 4.31%
    46% 2 $1,270,000 $635,000 $3,013 3.69%
    47% 1 $495,000 $495,000 $1,981 3.25%

    Santa Clara County lent most frequently to those with DTI ratios of 20-30%, with 89 originations. The next most common DTI ratio? 30-36%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 187 $58,195,000 $311,203 $2,727 4.41%
    Asian 69 $32,425,000 $469,928 $2,758 3.87%
    Not provided 59 $15,275,000 $258,898 $2,527 4.52%
    Black 15 $4,605,000 $307,000 $2,663 4.58%
    American Indian 10 $3,520,000 $352,000 $2,599 4.08%
    Native Hawaiian or Islander 5 $1,055,000 $211,000 $2,408 5.22%
    Asian Indian 1 $505,000 $505,000 $2,614 4.13%
    Not applicable 1 $485,000 $485,000 $2,606 3.88%
    Filipino 1 $305,000 $305,000 $0 5.25%
    Chinese 2 $210,000 $105,000 $0 5.88%

    Approval Rates

    Total approvals of all applications
    80.27%

    Santa Clara County has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.14%

    Santa Clara County has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 350 $116,580,000 $333,086

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 350 $116,580,000 $333,086

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $16,560,000 $331,200 $2,550 4.22%
    40-60% 50 $23,190,000 $463,800 $2,698 3.67%
    60-80% 85 $48,045,000 $565,235 $2,791 3.52%
    80-100% 23 $13,405,000 $582,826 $2,766 3.60%
    Under 20% 141 $15,185,000 $107,695 $2,369 5.23%