1st Northern California Mortgage Rates, Fees & Info

Martinez, CA

LEI: 549300PUF6BDR1QRB167

Tax ID: 94-1175509

5 stars - out of 5 stars, based on 14 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    1st Northern California is a smaller mortgage company specializing in loans. 1st Northern California has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Vallejo, Napa, Sacramento, and Stockton among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    1st Northern California 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. 1st Northern California 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
    30 Year Conventional Purchase 6.23% 1/29/23
    30 Year Conventional Refi 6.23% 1/29/23
    30 Year Cash-out Refi 6.26% 1/29/23
    30 Year FHA Purchase 6.27% 1/29/23
    15 Year Conventional Refi 5.95% 1/29/23
    15 Year Cash-out Refi 5.95% 1/29/23
    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

    192

    Origination Dollar Volume (All Markets)

    $59,760,000
    Show all (5) awards

    Relative Rate

    1st Northern California'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)

    1st Northern California's average total fees/closing costs for a 30 year fixed rate mortgage were $1,962.

    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
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 147 $45,645,000 $310,510 $1,719 2.90%
    VALLEJO, CA (FHA|USDA|VA) 25 $6,915,000 $276,600 $1,625 2.96%
    NAPA, CA (FHA|USDA|VA) 4 $2,000,000 $500,000 $1,767 2.81%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,490,000 $372,500 $4,938 2.88%
    STOCKTON, CA (FHA|USDA|VA) 4 $1,240,000 $310,000 $1,744 3.41%
    Outside of Metro Areas 2 $640,000 $320,000 $3,800 2.63%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $425,000 $425,000 $6,765 2.88%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $405,000 $405,000 $1,582 2.88%
    SALINAS, CA (FHA|USDA|VA) 1 $355,000 $355,000 $1,549 2.88%
    Sonora, CA (FHA|USDA|VA) 1 $315,000 $315,000 $1,551 2.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $245,000 $245,000 $5,266 3.13%
    Clearlake, CA (FHA|USDA|VA) 1 $85,000 $85,000 $1,460 2.75%
    1st Northern California's top markets include San Francisco, Vallejo, Napa, Sacramento, and Stockton among others.

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

    We use machine learning to identify the top lenders compared against 1ST NORTHERN CALIFORNIA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    1ST NORTHERN CALIFORNIA
    Similarity Rank: 1440
    Provident Savings Bank, F.S.B.
    Similarity Rank: 1792
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1808
    SAN FRANCISCO FEDERAL CREDIT UNION
    Similarity Rank: 2191
    T. J. FINANCIAL, INC.
    Similarity Rank: 2674
    WINNPOINTE CORPORATION
    Similarity Rank: 2698
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 2715
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 2895
    PRIVATE MORTGAGE ADVISORS, LLC
    Similarity Rank: 3110

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 192 $59,760,000 $311,250 $1,838 2.92%

    For 2021, 1st Northern California's most frequently originated type of loan was Conventional, with 192 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 147 $44,675,000 $303,912 $1,672 2.93%
    Refi 36 $11,820,000 $328,333 $1,629 2.81%
    Home Purchase 8 $3,210,000 $401,250 $5,848 2.91%
    Home Improvement 1 $55,000 $55,000 $1,651 5.00%

    For 2021, 1st Northern California's most frequently cited loan purpose was Cash Out Refi, with 147 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 131 $47,045,000 $359,122 $1,962 2.89%
    15 Year 26 $4,960,000 $190,769 $1,574 3.15%
    10 Year 17 $3,005,000 $176,765 $1,495 2.99%
    20 Year 16 $4,620,000 $288,750 $1,636 2.75%
    Other 2 $130,000 $65,000 $1,622 2.25%

    For 2021, 1st Northern California's most frequently cited loan duration was 30 Year, with 131 originations. The 2nd most popular length was 15 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1 $155,000 $155,000

    1st Northern California's average total fees were $1,962, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 158 $50,630,000 $320,443
    <2.5% 19 $3,635,000 $191,316
    3-4% 7 $5,045,000 $720,714
    4-5% 4 $230,000 $57,500
    5-6% 4 $220,000 $55,000

    During 2021, 1st Northern California's average interest rate for loans was 2.89%, while their most frequently originated rate bucket for loans was 2.5-3%, with 158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 94 $27,700,000 $294,681 $1,730 2.80%
    $100k-200k 33 $5,245,000 $158,939 $1,448 2.82%
    $400k-600k 31 $14,575,000 $470,161 $2,536 2.86%
    $100,000 or less 21 $1,375,000 $65,476 $1,481 3.63%
    $600k-1MM 11 $8,285,000 $753,182 $2,449 2.93%
    $1MM+ 2 $2,580,000 $1,290,000 $2,897 3.25%

    2021 saw 1st Northern California place emphasis on $200k-400k loans with 94 originations, totaling $27,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 55 $14,945,000 $271,727 $1,812 2.91%
    $150k-250k 49 $19,635,000 $400,714 $1,806 2.84%
    $75k-100k 33 $8,415,000 $255,000 $1,801 2.81%
    $50k-75k 29 $5,875,000 $202,586 $1,522 2.90%
    $250k+ 17 $9,455,000 $556,176 $2,661 3.41%
    $50k or less 9 $1,435,000 $159,444 $1,763 2.85%

    1st Northern California lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $150k-250k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 61 $21,065,000 $345,328 $1,723 2.86%
    <20% 45 $10,135,000 $225,222 $1,855 3.01%
    30-36% 41 $14,005,000 $341,585 $1,804 2.93%
    36% 7 $2,985,000 $426,429 $1,821 2.88%
    39% 7 $2,315,000 $330,714 $2,119 2.82%
    38% 5 $1,275,000 $255,000 $1,619 2.83%
    42% 5 $2,055,000 $411,000 $2,738 2.93%
    45% 4 $1,120,000 $280,000 $2,886 2.72%
    37% 4 $940,000 $235,000 $2,312 2.66%
    43% 3 $805,000 $268,333 $1,445 2.54%
    44% 3 $1,135,000 $378,333 $1,862 3.00%
    50-60% 2 $570,000 $285,000 $1,440 2.81%
    41% 2 $450,000 $225,000 $1,466 2.75%
    46% 2 $450,000 $225,000 $1,445 4.44%
    47% 1 $455,000 $455,000 $1,523 2.88%

    1st Northern California lent most frequently to those with DTI ratios of 20-30%, with 61 originations. The next most common DTI ratio? <20%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 108 $32,550,000 $301,389 $1,773 2.95%
    Not provided 59 $18,455,000 $312,797 $1,937 2.83%
    Black 14 $3,610,000 $257,857 $1,664 3.04%
    Other Asian 2 $1,680,000 $840,000 $2,201 3.06%
    Filipino 3 $1,385,000 $461,667 $3,157 2.88%
    Asian 4 $1,380,000 $345,000 $1,703 2.75%
    Korean 1 $375,000 $375,000 $1,550 2.88%
    Asian Indian 1 $325,000 $325,000 $1,549 2.88%

    Approval Rates

    Total approvals of all applications
    77.55%

    1st Northern California has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.48%

    1st Northern California has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 192 $59,760,000 $311,250

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    192 $59,760,000 $311,250

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $12,820,000 $256,400 $1,545 2.72%
    40-60% 76 $26,670,000 $350,921 $1,720 2.84%
    60-80% 33 $16,715,000 $506,515 $2,892 2.89%
    Under 20% 33 $3,555,000 $107,727 $1,498 3.41%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    21ST MORTGAGE CORP. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 8.1%
    21ST MORTGAGE CORP. Conventional home mortgage Closing on a mortgage 3 4.8%
    21ST MORTGAGE CORP. Conventional home mortgage Incorrect information on your report 1 1.6%
    21ST MORTGAGE CORP. Conventional home mortgage Struggling to pay mortgage 19 30.6%
    21ST MORTGAGE CORP. Conventional home mortgage Trouble during payment process 16 25.8%
    21ST MORTGAGE CORP. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.6%
    21ST MORTGAGE CORP. FHA mortgage Struggling to pay mortgage 3 4.8%
    21ST MORTGAGE CORP. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 4.8%
    21ST MORTGAGE CORP. Other type of mortgage Closing on a mortgage 1 1.6%
    21ST MORTGAGE CORP. Other type of mortgage Struggling to pay mortgage 7 11.3%
    21ST MORTGAGE CORP. Other type of mortgage Trouble during payment process 2 3.2%
    21ST MORTGAGE CORP. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.6%