1st Northern California Mortgage Rates, Fees & Info
Martinez, CALEI: 549300PUF6BDR1QRB167
Tax ID: 94-1175509
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Mortgage Data
Review & Overview
1st Northern California is a smaller mortgage company specializing in Refi loans. 1st Northern California has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Vallejo, Sacramento, Truckee, and Riverside among others. We have data for 11 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 an above 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.84% | 4/28/24 |
| 30 Year Conventional Refi | 5.74% | 4/28/24 |
| 30 Year Cash-out Refi | 6.01% | 4/28/24 |
| 30 Year FHA Purchase | 6.27% | 4/28/24 |
| 15 Year Conventional Refi | 6.11% | 4/28/24 |
| 15 Year Cash-out Refi | 6.11% | 4/28/24 |
| 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. | ||
1st Northern California Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
108Origination Dollar Volume (All Markets)
$29,140,000Awards
1ST NORTHERN CALIFORNIA - 2022
1ST NORTHERN CALIFORNIA is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 76 | $19,370,000 | $254,868 | $2,302 | 3.62% |
| VALLEJO, CA (FHA|USDA|VA) | 14 | $3,850,000 | $275,000 | $2,111 | 3.79% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $2,400,000 | $400,000 | $3,990 | 3.50% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $7,774 | 4.83% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $2,462 | 3.94% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,070 | 4.75% |
| CHICO, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,946 | 3.38% |
| Sonora, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,178 | 3.13% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,448 | 3.88% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,851 | 3.19% |
| NAPA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,355 | 5.63% |
Their top states include:
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 108 | $29,140,000 | $269,815 | $2,609 | 3.69% |
For 2022, 1st Northern California's most frequently originated type of loan was Conventional, with 108 originations.
Loan Reason
For 2022, 1st Northern California's most frequently cited loan purpose was Refi, with 90 originations. The 2nd most popular reason was Home Purchase, with 11 originations.
Loan Duration/Length
For 2022, 1st Northern California's most frequently cited loan duration was 30 Year, with 50 originations. The 2nd most popular length was 15 Year, with 23 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 15 | $1,415,000 | $94,333 |
| $1k-2k | 9 | $2,315,000 | $257,222 |
| $2k-3k | 3 | $1,525,000 | $508,333 |
| $3k-4k | 1 | $805,000 | $805,000 |
1st Northern California's average total fees were $3,534, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 15 originations.
Interest Rates
During 2022, 1st Northern California's average interest rate for loans was 3.60%, while their most frequently originated rate bucket for loans was 2.5-3%, with 30 originations.
Loan Sizing
2022 saw 1st Northern California place emphasis on $200k-400k loans with 42 originations, totaling $12,500,000 in origination value.
Applicant Income
1st Northern California lent most frequently to those with incomes in the $150k-250k range, with 32 originations. The second most popular income band? $250k+, with 29 originations.
Applicant Debt to Income Ratio
1st Northern California lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? <20%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.25%
1st Northern California has a below average approval rate.
Pick Rate
Approvals leading to origination96.30%
1st Northern California has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 500.0 | 1 | $105,000 | $105,000 |
| NA | 107 | $29,035,000 | $271,355 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| 21ST MORTGAGE CORP. | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| 21ST MORTGAGE CORP. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |