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, Stockton, Sacramento, and Santa Cruz among others. We have data for 12 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% 12/16/24
    30 Year Conventional Purchase 5.99% 12/16/24
    30 Year Conventional Refi 6.13% 12/16/24
    30 Year Cash-out Refi 6.33% 12/16/24
    15 Year Conventional Purchase 7.07% 12/16/24
    15 Year Conventional Refi 6.13% 12/16/24
    15 Year Cash-out Refi 6.13% 12/16/24
    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

    276

    Origination Dollar Volume (All Markets)

    $121,310,000

    Awards

    SANTA CLARA COUNTY 30 Year Conventional Loans silver SANTA CLARA COUNTY 30 Year Conventional Loans silver SANTA CLARA COUNTY 30 Year Conventional Loans silver
    Show all (3) 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) 217 $98,005,000 $451,636 $2,725 3.54%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 21 $10,495,000 $499,762 $3,088 3.56%
    STOCKTON, CA (FHA|USDA|VA) 15 $5,815,000 $387,667 $2,895 3.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $2,395,000 $342,143 $2,836 3.18%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 4 $1,990,000 $497,500 $2,901 3.13%
    MODESTO, CA (FHA|USDA|VA) 4 $990,000 $247,500 $2,760 3.50%
    SALINAS, CA (FHA|USDA|VA) 1 $515,000 $515,000 $2,699 3.50%
    MERCED, CA (FHA|USDA|VA) 2 $460,000 $230,000 $2,552 3.56%
    Sonora, CA (FHA|USDA|VA) 2 $270,000 $135,000 $2,499 3.56%
    FRESNO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $2,420 3.88%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.75%
    Outside of Metro Areas 1 $55,000 $55,000 $0 5.75%
    Santa Clara County's top markets include San Jose, San Francisco, Stockton, Sacramento, and Santa Cruz 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.

    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1120
    BNB FINANCIAL INC.
    Similarity Rank: 1184
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1920
    COMMUNITY FIRST CREDIT UNION
    Similarity Rank: 1972
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 2046
    WINNPOINTE CORPORATION
    Similarity Rank: 2904
    CommonWealth Central Credit Union
    Similarity Rank: 2916
    BEST FINANCE CAPITAL, INC.
    Similarity Rank: 3094
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 3094
    1ST RELIANT HOME LOANS, INC.
    Similarity Rank: 3500

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 240 $117,580,000 $489,917 $2,766 3.44%
    HELOC 36 $3,730,000 $103,611 n/a 4.15%

    For 2020, Santa Clara County's most frequently originated type of loan was Conventional, with 240 originations. Their 2nd most popular type was HELOC, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 119 $54,235,000 $455,756 $2,762 3.27%
    Cash Out Refi 100 $50,110,000 $501,100 $2,736 3.52%
    Home Improvement 24 $2,520,000 $105,000 $0 4.27%
    Home Purchase 19 $13,115,000 $690,263 $3,378 3.74%
    Other 14 $1,330,000 $95,000 $0 4.34%

    For 2020, Santa Clara County's most frequently cited loan purpose was Refi, with 119 originations. The 2nd most popular reason was Cash Out Refi, with 100 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 169 $92,145,000 $545,237 $2,864 3.50%
    Other 37 $4,295,000 $116,081 $3,117 4.12%
    20 Year 31 $13,495,000 $435,323 $2,729 3.24%
    15 Year 28 $9,690,000 $346,071 $2,543 3.13%
    10 Year 10 $1,670,000 $167,000 $1,804 3.71%
    5 Year 1 $15,000 $15,000 $0 5.25%

    For 2020, Santa Clara County's most frequently cited loan duration was 30 Year, with 169 originations. The 2nd most popular length was Other, with 37 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 240 $117,580,000 $489,917

    Santa Clara County's average total fees were $2,864, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 240 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 221 $101,265,000 $458,213
    2.5-3% 34 $12,940,000 $380,588
    4-5% 11 $6,025,000 $547,727
    5-6% 10 $1,080,000 $108,000

    During 2020, Santa Clara County's average interest rate for loans was 3.50%, while their most frequently originated rate bucket for loans was 3-4%, with 221 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 91 $45,005,000 $494,560 $2,806 3.42%
    $200k-400k 67 $19,815,000 $295,746 $2,666 3.35%
    $600k-1MM 56 $39,850,000 $711,607 $2,924 3.48%
    $100k-200k 43 $5,305,000 $123,372 $2,081 3.87%
    $100,000 or less 11 $575,000 $52,273 $1,341 4.35%
    $1MM+ 8 $10,760,000 $1,345,000 $3,813 3.77%

    2020 saw Santa Clara County place emphasis on $400k-600k loans with 91 originations, totaling $45,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 92 $38,110,000 $414,239 $2,684 3.43%
    $150k-250k 90 $41,180,000 $457,556 $2,802 3.60%
    $250k+ 40 $27,250,000 $681,250 $3,048 3.59%
    $75k-100k 32 $10,310,000 $322,188 $2,609 3.50%
    $50k-75k 20 $4,300,000 $215,000 $2,685 3.63%
    $50k or less 2 $160,000 $80,000 $2,707 3.56%

    Santa Clara County lent most frequently to those with incomes in the $100k-150k range, with 92 originations. The second most popular income band? $150k-250k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 64 $29,260,000 $457,188 $2,681 3.53%
    20-30% 63 $25,695,000 $407,857 $2,784 3.39%
    <20% 33 $10,295,000 $311,970 $2,720 3.36%
    36% 15 $7,325,000 $488,333 $2,924 3.48%
    41% 15 $7,275,000 $485,000 $2,775 3.57%
    39% 12 $5,360,000 $446,667 $2,678 3.65%
    43% 11 $6,925,000 $629,545 $3,001 3.61%
    42% 10 $3,910,000 $391,000 $2,693 3.79%
    38% 10 $5,370,000 $537,000 $3,044 3.85%
    44% 10 $4,200,000 $420,000 $2,678 3.68%
    40% 8 $3,980,000 $497,500 $2,892 3.56%
    37% 7 $3,345,000 $477,857 $2,888 3.80%
    46% 6 $2,680,000 $446,667 $2,527 3.60%
    48% 4 $1,610,000 $402,500 $2,557 3.97%
    50-60% 4 $1,250,000 $312,500 $2,685 4.03%
    45% 2 $880,000 $440,000 $2,901 3.63%
    47% 1 $295,000 $295,000 $2,952 2.63%
    >60% 1 $1,655,000 $1,655,000 $3,068 4.13%

    Santa Clara County lent most frequently to those with DTI ratios of 30-36%, with 64 originations. The next most common DTI ratio? 20-30%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 164 $70,020,000 $426,951 $2,821 3.48%
    Asian 53 $26,655,000 $502,925 $2,772 3.52%
    Black 20 $8,620,000 $431,000 $2,635 3.55%
    Not provided 25 $8,385,000 $335,400 $2,413 3.93%
    Native Hawaiian or Islander 3 $3,035,000 $1,011,667 $3,379 3.38%
    American Indian 8 $3,030,000 $378,750 $2,609 3.55%
    Other Pacific Islander 2 $1,000,000 $500,000 $2,634 3.50%
    Other Asian 1 $565,000 $565,000 $2,699 3.75%

    Approval Rates

    Total approvals of all applications
    86.93%

    Santa Clara County has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -2.17%

    Santa Clara County has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 276 $121,310,000 $439,529

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 276 $121,310,000 $439,529

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $20,915,000 $366,930 $2,703 3.30%
    40-60% 56 $30,160,000 $538,571 $2,830 3.46%
    60-80% 87 $49,335,000 $567,069 $2,856 3.43%
    80-100% 20 $13,900,000 $695,000 $3,002 3.78%
    Under 20% 56 $7,000,000 $125,000 $2,158 3.93%