Sre Mortgage Alliance Rates, Fees & Info

SACRAMENTO, CA

LEI: 549300OEXPP23JR0L272

Tax ID: 95-4462959

5 stars - out of 5 stars, based on 19 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Sre Mortgage Alliance is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Sre Mortgage Alliance has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Los Angeles, San Francisco, San Diego, Riverside, and Phoenix among others. We have data for 56 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sre Mortgage Alliance 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. Sre Mortgage Alliance 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.

    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 6.67% 10/3/22
    30 Year Conventional Refi 6.51% 10/3/22
    30 Year Cash-out Refi 6.55% 10/3/22
    30 Year FHA Purchase 7.70% 10/3/22
    30 Year FHA Refi 6.92% 10/3/22
    30 Year VA Purchase 6.10% 10/3/22
    30 Year VA Refi 6.29% 10/3/22
    15 Year Conventional Purchase 5.96% 10/3/22
    15 Year Conventional Refi 6.27% 10/3/22
    15 Year Cash-out Refi 6.27% 10/3/22
    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

    376

    Origination Dollar Volume (All Markets)

    $137,800,000
    Show all (5) awards

    Relative Rate

    Sre Mortgage Alliance 's average 30 year fixed mortgage rate was 2.89%.

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

    This yields a difference of -0.26%.

    Relative Fees (Closing Costs)

    Sre Mortgage Alliance 's average total fees/closing costs for a 30 year fixed rate mortgage were $5,228.

    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) 91 $39,015,000 $428,736 $6,659 2.91%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 37 $15,605,000 $421,757 $4,014 3.01%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 32 $13,120,000 $410,000 $3,997 2.67%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 33 $12,955,000 $392,576 $6,906 2.93%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 40 $11,340,000 $283,500 $4,159 2.91%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 17 $6,065,000 $356,765 $3,401 3.06%
    SALT LAKE CITY, UT (FHA|USDA|VA) 15 $4,855,000 $323,667 $4,854 2.90%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 9 $3,745,000 $416,111 $4,665 2.94%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 8 $2,290,000 $286,250 $5,558 2.54%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $2,260,000 $376,667 $2,017 2.46%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $2,155,000 $307,857 $8,575 2.83%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 7 $1,865,000 $266,429 $3,399 2.78%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,615,000 $323,000 $4,321 2.71%
    PROVO-OREM, UT (FHA|USDA|VA) 4 $1,350,000 $337,500 $5,685 2.75%
    FORT COLLINS, CO (FHA|USDA|VA) 3 $1,205,000 $401,667 $10,024 2.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,100,000 $275,000 $4,511 2.72%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $995,000 $331,667 $4,195 2.52%
    ST. GEORGE, UT (FHA|USDA|VA) 4 $960,000 $240,000 $4,078 3.12%
    STOCKTON, CA (FHA|USDA|VA) 2 $900,000 $450,000 $2,134 2.94%
    BAKERSFIELD, CA (FHA|USDA|VA) 3 $895,000 $298,333 $10,704 2.83%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $860,000 $430,000 $2,757 2.38%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $690,000 $345,000 $3,205 3.18%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $660,000 $330,000 $2,776 2.99%
    Cedar City, UT (FHA|USDA|VA) 3 $645,000 $215,000 $3,373 3.17%
    Outside of Metro Areas 2 $600,000 $300,000 $5,290 2.88%
    SALINAS, CA (FHA|USDA|VA) 1 $545,000 $545,000 $5,192 2.75%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $535,000 $535,000 $5,590 2.25%
    MEDFORD, OR (FHA|USDA|VA) 2 $530,000 $265,000 $3,628 2.56%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $520,000 $260,000 $4,702 2.60%
    VALLEJO, CA (FHA|USDA|VA) 1 $505,000 $505,000 $1,173 2.25%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $485,000 $485,000 $7,628 2.75%
    FRESNO, CA (FHA|USDA|VA) 2 $470,000 $235,000 $2,595 2.85%
    BOULDER, CO (FHA|USDA|VA) 1 $425,000 $425,000 $3,762 2.75%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $405,000 $405,000 $3,844 2.75%
    MODESTO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $2,847 2.63%
    YUBA CITY, CA (FHA|USDA|VA) 2 $380,000 $190,000 $2,302 2.56%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $365,000 $365,000 $2,691 2.75%
    CORVALLIS, OR (FHA|USDA|VA) 1 $335,000 $335,000 $8,759 2.38%
    Roseburg, OR (FHA|USDA|VA) 1 $315,000 $315,000 $5,763 2.25%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $315,000 $315,000 $1,627 2.63%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $295,000 $295,000 $2,937 2.25%
    NAPA, CA (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.13%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $275,000 $275,000 $5,026 2.63%
    Payson, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $3,099 2.88%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $265,000 $265,000 $1,033 2.25%
    MERCED, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $245,000 $245,000 $2,006 2.25%
    BEND, OR (FHA|USDA|VA) 1 $245,000 $245,000 $3,573 0.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $1,931 2.25%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $225,000 $225,000 $2,164 2.99%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $205,000 $205,000 $2,674 2.88%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $2,821 2.25%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $145,000 $145,000 $3,630 3.45%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $5,532 3.20%
    YUMA, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $1,000 3.38%
    TUCSON, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $1,418 2.99%

    Sre Mortgage Alliance 's top markets include Los Angeles, San Francisco, San Diego, Riverside, and Phoenix among others.

    Similar Lenders

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

    SANDIA LABORATORY
    Similarity Rank: 140
    St James Mortgage Corporation
    Similarity Rank: 304
    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    HORIZON UTAH Federal Credit Union
    Similarity Rank: 350
    Christian Community Credit Union
    Similarity Rank: 354
    First Credit Union
    Similarity Rank: 378
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 384
    Credence Funding Corporation
    Similarity Rank: 404

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 308 $109,300,000 $354,870 $4,799 2.94%
    VA 55 $23,075,000 $419,545 $6,074 2.34%
    HELOC 8 $3,590,000 $448,750 n/a 3.09%
    FHA 4 $1,630,000 $407,500 $10,235 2.97%
    Reverse Mortgage 1 $205,000 $205,000 $0 2.63%

    For 2021, Sre Mortgage Alliance 's most frequently originated type of loan was Conventional, with 308 originations. Their 2nd most popular type was VA, with 55 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 199 $69,145,000 $347,462 $4,397 2.78%
    Cash Out Refi 125 $47,005,000 $376,040 $5,475 2.89%
    Home Purchase 50 $21,040,000 $420,800 $6,783 3.04%
    Home Improvement 2 $610,000 $305,000 $3,596 3.38%

    For 2021, Sre Mortgage Alliance 's most frequently cited loan purpose was Refi, with 199 originations. The 2nd most popular reason was Cash Out Refi, with 125 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 342 $128,490,000 $375,702 $5,228 2.89%
    15 Year 22 $5,550,000 $252,273 $3,292 2.40%
    20 Year 9 $2,675,000 $297,222 $3,572 2.62%
    Other 3 $1,085,000 $361,667 $5,547 2.46%

    For 2021, Sre Mortgage Alliance 's most frequently cited loan duration was 30 Year, with 342 originations. The 2nd most popular length was 15 Year, with 22 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 140 $50,230,000 $358,786
    $1k-2k 73 $25,645,000 $351,301
    $5k+ 49 $22,945,000 $468,265
    $2k-3k 29 $10,675,000 $368,103
    $3k-4k 29 $9,325,000 $321,552
    $4k-5k 16 $5,620,000 $351,250

    Sre Mortgage Alliance 's average total fees were $5,228, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 140 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 178 $65,250,000 $366,573
    3-4% 100 $36,840,000 $368,400
    <2.5% 78 $29,210,000 $374,487

    During 2021, Sre Mortgage Alliance 's average interest rate for loans was 2.89%, while their most frequently originated rate bucket for loans was 2.5-3%, with 178 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 151 $44,375,000 $293,874 $4,244 2.80%
    $400k-600k 144 $68,720,000 $477,222 $5,879 2.83%
    $100k-200k 54 $8,380,000 $155,185 $3,281 2.96%
    $600k-1MM 21 $14,855,000 $707,381 $9,719 3.05%
    $100,000 or less 5 $415,000 $83,000 $3,539 3.05%
    $1MM+ 1 $1,055,000 $1,055,000 $0 3.38%

    2021 saw Sre Mortgage Alliance place emphasis on $200k-400k loans with 151 originations, totaling $44,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 111 $42,705,000 $384,730 $5,222 2.89%
    $150k-250k 71 $27,375,000 $385,563 $5,310 2.99%
    $50k-75k 54 $14,630,000 $270,926 $4,849 2.85%
    $50k or less 53 $18,315,000 $345,566 $3,772 2.46%
    $75k-100k 48 $17,590,000 $366,458 $5,824 2.85%
    $250k+ 39 $17,185,000 $440,641 $5,378 3.07%

    Sre Mortgage Alliance lent most frequently to those with incomes in the $100k-150k range, with 111 originations. The second most popular income band? $150k-250k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 63 $19,805,000 $314,365 $4,458 2.84%
    30-36% 57 $22,145,000 $388,509 $5,179 2.92%
    <20% 21 $5,925,000 $282,143 $4,121 2.82%
    42% 20 $7,860,000 $393,000 $4,728 3.03%
    36% 16 $5,970,000 $373,125 $5,890 2.95%
    44% 15 $6,335,000 $422,333 $4,937 2.96%
    48% 14 $5,550,000 $396,429 $5,942 2.85%
    39% 13 $4,505,000 $346,538 $5,826 2.99%
    49% 13 $5,615,000 $431,923 $5,553 3.05%
    46% 12 $4,300,000 $358,333 $8,012 2.98%
    43% 12 $4,470,000 $372,500 $5,979 3.16%
    41% 11 $3,795,000 $345,000 $4,565 3.05%
    40% 11 $4,085,000 $371,364 $4,509 2.89%
    37% 10 $4,000,000 $400,000 $4,119 2.91%
    38% 10 $3,810,000 $381,000 $3,772 2.87%
    45% 7 $2,805,000 $400,714 $7,118 3.09%
    50-60% 6 $2,730,000 $455,000 $8,764 2.69%
    47% 4 $1,260,000 $315,000 $4,233 3.00%

    Sre Mortgage Alliance lent most frequently to those with DTI ratios of 20-30%, with 63 originations. The next most common DTI ratio? 30-36%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 196 $68,280,000 $348,367 $5,416 2.79%
    Not provided 95 $35,865,000 $377,526 $4,091 2.93%
    Asian 66 $27,370,000 $414,697 $5,325 2.93%
    Black 13 $4,595,000 $353,462 $6,541 2.96%
    Native Hawaiian or Islander 2 $670,000 $335,000 $0 2.88%
    Asian Indian 1 $485,000 $485,000 $2,974 2.50%
    American Indian 2 $450,000 $225,000 $2,127 2.56%
    Other Asian 1 $85,000 $85,000 $5,723 3.13%

    Approval Rates

    Total approvals of all applications
    95.68%

    Sre Mortgage Alliance 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
    60.37%

    Sre Mortgage Alliance 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 376 $137,800,000 $366,489

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    376 $137,800,000 $366,489

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $13,060,000 $261,200 $3,987 2.86%
    40-60% 107 $39,435,000 $368,551 $4,424 2.85%
    60-80% 146 $57,030,000 $390,616 $5,640 2.90%
    80-100% 62 $25,810,000 $416,290 $5,170 2.79%
    Over 100% 2 $960,000 $480,000 $21,428 2.44%
    Under 20% 9 $1,505,000 $167,222 $4,082 2.80%