Stearns Lending Mortgage Rates, Fees & Info

Sacramento, CA

LEI: 549300YOESI1GLKRL151

Tax ID: 33-0051773

2020 Data | 2019 Data | 2018 Data


Overview

Stearns Lending is a large mortgage company specializing in Refi and Home Purchase loans. Stearns Lending has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Los Angeles, Riverside, Chicago, Anaheim, and Oakland among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Stearns Lending is typically an average fee lendor.


Originations

33,762

Origination Dollar Volume (All Markets)

$10,363,150,000

Relative Rate

Stearns Lending 's average 30 year fixed rate mortgage was 3.23%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.13%.

Relative Fees

Stearns Lending 's average total fees for a 30 year fixed rate mortgage are $5,905.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 26,819 $8,311,465,000 $309,910 $4,775 3.17%
FHA 4,234 $1,135,380,000 $268,158 $9,688 3.35%
VA 2,256 $826,360,000 $366,294 $6,627 2.95%
USDA 453 $89,945,000 $198,554 $6,125 3.29%

For the 2020 period, Stearns Lending 's most frequently originated loan type was Conventional, with 26,819 originations. Their 2nd most popular type is FHA, with 4,234 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 15,745 $5,103,485,000 $324,134 $4,447 3.05%
Home Purchase 13,029 $3,741,795,000 $287,190 $7,044 3.26%
Cash Out Refi 4,775 $1,469,605,000 $307,771 $5,504 3.38%
Home Improvement 213 $48,265,000 $226,596 $4,754 3.37%

For the 2020, Stearns Lending 's most frequently cited loan purpose was Refi, with 15,745 originations. The 2nd most popular reason was Home Purchase, with 13,029 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 28,736 $9,080,660,000 $316,003 $5,837 3.24%
15 Year 3,028 $744,340,000 $245,819 $4,048 2.78%
20 Year 1,408 $397,760,000 $282,500 $4,271 3.06%
Other 311 $96,215,000 $309,373 $4,609 3.15%
10 Year 247 $43,935,000 $177,874 $3,593 2.45%
3 Year 26 $210,000 $8,077 $0 0.00%
5 Year 6 $30,000 $5,000 $0 0.00%

For the 2020, Stearns Lending 's most frequently cited loan length was 30 Year, with 28,736 originations. The 2nd most popular length was 15 Year, with 3,028 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 15,390 $4,820,610,000 $313,230
$3k-4k 4,740 $1,398,940,000 $295,135
$5k+ 4,282 $1,752,330,000 $409,232
$<1k 3,771 $1,039,745,000 $275,721
$2k-3k 3,422 $924,930,000 $270,289

$5,905 was Stearns Lending 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 15,390 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LOS ANGELES-LONG BEACH-GLENDALE, CA 1,796 $771,870,000 $429,772 $6,280 3.20%
Outside of Metro Areas 2,430 $557,340,000 $229,358 $5,322 3.30%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 1,701 $542,965,000 $319,203 $5,923 3.12%
CHICAGO-NAPERVILLE-EVANSTON, IL 1,741 $446,235,000 $256,310 $4,558 3.15%
ANAHEIM-SANTA ANA-IRVINE, CA 982 $442,920,000 $451,039 $5,118 3.15%
OAKLAND-BERKELEY-LIVERMORE, CA 875 $398,125,000 $455,000 $5,182 3.19%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 848 $358,160,000 $422,358 $7,210 3.08%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 663 $327,375,000 $493,778 $5,951 3.12%
PHOENIX-MESA-CHANDLER, AZ 1,024 $286,050,000 $279,346 $4,299 3.15%
SANTA ROSA-PETALUMA, CA 606 $259,400,000 $428,053 $5,981 3.21%
OXNARD-THOUSAND OAKS-VENTURA, CA 561 $236,365,000 $421,328 $5,326 2.99%
DENVER-AURORA-LAKEWOOD, CO 643 $211,445,000 $328,841 $4,644 3.16%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 648 $206,140,000 $318,117 $5,805 3.09%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 671 $172,205,000 $256,639 $5,769 3.23%
SALT LAKE CITY, UT 524 $164,720,000 $314,351 $5,759 3.24%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 328 $160,550,000 $489,482 $4,614 3.12%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 458 $156,020,000 $340,655 $5,533 3.18%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 350 $141,600,000 $404,571 $6,432 3.03%
STOCKTON, CA 527 $126,135,000 $239,345 $8,398 2.89%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 456 $125,470,000 $275,154 $5,711 3.18%
DALLAS-PLANO-IRVING, TX 434 $123,470,000 $284,493 $5,105 3.13%
SANTA CRUZ-WATSONVILLE, CA 256 $122,490,000 $478,477 $5,665 3.11%
MILWAUKEE-WAUKESHA, WI 418 $116,480,000 $278,660 $2,989 3.26%
BOSTON, MA 290 $108,090,000 $372,724 $5,714 3.10%
PROVIDENCE-WARWICK, RI-MA 386 $107,950,000 $279,663 $4,776 3.06%
ANCHORAGE, AK 318 $105,090,000 $330,472 $5,647 2.98%
PROVO-OREM, UT 327 $99,295,000 $303,654 $5,943 3.19%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 256 $97,790,000 $381,992 $5,117 3.16%
URBAN HONOLULU, HI 193 $92,715,000 $480,389 $7,185 3.03%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 299 $91,285,000 $305,301 $5,573 3.04%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 321 $89,895,000 $280,047 $7,635 3.40%
OGDEN-CLEARFIELD, UT 289 $82,785,000 $286,453 $5,185 3.22%
DES MOINES-WEST DES MOINES, IA 392 $80,090,000 $204,311 $5,343 3.13%
COEUR D'ALENE, ID 280 $78,260,000 $279,500 $4,129 3.32%
SCRANTON--WILKES-BARRE, PA 500 $77,700,000 $155,400 $5,956 3.33%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 258 $76,740,000 $297,442 $8,833 3.30%
TUCSON, AZ 360 $67,980,000 $188,833 $3,736 3.07%
RICHMOND, VA 279 $64,965,000 $232,849 $5,522 3.06%
ALBUQUERQUE, NM 272 $64,430,000 $236,875 $4,888 3.46%
MODESTO, CA 255 $64,165,000 $251,627 $7,499 2.97%
MIAMI-MIAMI BEACH-KENDALL, FL 216 $63,310,000 $293,102 $9,209 3.30%
COLORADO SPRINGS, CO 211 $62,255,000 $295,047 $5,418 3.21%
SALINAS, CA 151 $61,595,000 $407,914 $9,749 3.08%
SANTA MARIA-SANTA BARBARA, CA 146 $60,020,000 $411,096 $4,444 3.02%
FRESNO, CA 201 $54,355,000 $270,423 $5,910 3.15%
EUGENE-SPRINGFIELD, OR 183 $50,295,000 $274,836 $6,053 3.16%
MISSOULA, MT 170 $48,470,000 $285,118 $3,849 3.33%
LAS VEGAS-HENDERSON-PARADISE, NV 186 $48,320,000 $259,785 $5,092 3.31%
ORLANDO-KISSIMMEE-SANFORD, FL 202 $47,480,000 $235,050 $6,841 3.45%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 168 $46,360,000 $275,952 $3,591 3.11%
NEWARK, NJ-PA 163 $45,285,000 $277,822 $7,157 3.06%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 197 $45,065,000 $228,756 $4,621 3.27%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 161 $44,795,000 $278,230 $8,081 3.11%
WARREN-TROY-FARMINGTON HILLS, MI 171 $39,805,000 $232,778 $4,785 3.30%
SAN RAFAEL, CA 79 $37,965,000 $480,570 $5,586 3.07%
VALLEJO, CA 106 $37,570,000 $354,434 $6,348 3.14%
CHARLESTON-NORTH CHARLESTON, SC 134 $36,610,000 $273,209 $4,679 3.09%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 152 $34,820,000 $229,079 $4,387 3.16%
NEW BRUNSWICK-LAKEWOOD, NJ 115 $33,875,000 $294,565 $6,989 3.11%
PRESCOTT VALLEY-PRESCOTT, AZ 136 $33,490,000 $246,250 $4,336 3.26%
BALTIMORE-COLUMBIA-TOWSON, MD 111 $33,445,000 $301,306 $5,907 3.31%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 99 $33,155,000 $334,899 $8,481 3.02%
ELGIN, IL 141 $32,705,000 $231,950 $4,320 3.18%
BEND, OR 103 $32,335,000 $313,932 $5,530 3.19%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 135 $31,885,000 $236,185 $6,545 3.33%
BARNSTABLE TOWN, MA 97 $31,245,000 $322,113 $4,483 3.14%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 121 $30,545,000 $252,438 $5,243 3.03%
INDIANAPOLIS-CARMEL-ANDERSON, IN 147 $30,225,000 $205,612 $4,111 3.38%
ST. LOUIS, MO-IL 122 $29,380,000 $240,820 $4,449 3.25%
LOGAN, UT-ID 118 $27,980,000 $237,119 $5,025 3.17%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 91 $27,595,000 $303,242 $6,035 3.50%
SEATTLE-BELLEVUE-KENT, WA 68 $26,690,000 $392,500 $4,886 3.01%
WORCESTER, MA-CT 84 $26,000,000 $309,524 $4,540 3.05%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 95 $24,425,000 $257,105 $4,358 3.04%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 114 $24,200,000 $212,281 $7,212 3.12%
BRIDGEPORT-STAMFORD-NORWALK, CT 68 $23,980,000 $352,647 $6,061 3.05%
JACKSONVILLE, FL 89 $23,875,000 $268,258 $5,767 3.22%
PORT ST. LUCIE, FL 100 $23,650,000 $236,500 $7,092 3.43%
BAKERSFIELD, CA 107 $23,575,000 $220,327 $5,891 3.12%
SAN LUIS OBISPO-PASO ROBLES, CA 76 $23,450,000 $308,553 $4,319 3.23%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 67 $22,795,000 $340,224 $5,437 3.05%
SALEM, OR 76 $21,330,000 $280,658 $7,088 3.30%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 79 $18,775,000 $237,658 $3,998 3.35%
MANCHESTER-NASHUA, NH 62 $18,580,000 $299,677 $5,696 3.41%
ALBANY-LEBANON, OR 72 $18,470,000 $256,528 $6,302 3.38%
SPOKANE-SPOKANE VALLEY, WA 77 $18,415,000 $239,156 $5,204 3.17%
NAPA, CA 43 $18,225,000 $423,837 $4,634 3.15%
PITTSBURGH, PA 93 $17,915,000 $192,634 $6,959 3.33%
BOISE CITY, ID 63 $17,265,000 $274,048 $5,276 3.38%
LAKELAND-WINTER HAVEN, FL 106 $17,030,000 $160,660 $6,098 3.57%
MERCED, CA 63 $17,015,000 $270,079 $6,424 3.24%
PHILADELPHIA, PA 72 $16,850,000 $234,028 $7,306 3.29%
FORT COLLINS, CO 53 $16,375,000 $308,962 $3,795 3.07%
RALEIGH-CARY, NC 60 $16,160,000 $269,333 $3,889 3.17%
SAN ANTONIO-NEW BRAUNFELS, TX 64 $16,010,000 $250,156 $4,888 3.22%
COLUMBUS, OH 66 $15,890,000 $240,758 $5,692 3.36%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 60 $15,870,000 $264,500 $4,599 3.19%
BRUNSWICK, GA 65 $15,015,000 $231,000 $6,049 3.43%
EAST STROUDSBURG, PA 87 $14,925,000 $171,552 $5,878 3.26%
LAFAYETTE, LA 79 $14,785,000 $187,152 $6,238 3.09%
BILLINGS, MT 56 $14,560,000 $260,000 $6,147 3.28%
ST. GEORGE, UT 49 $14,535,000 $296,633 $5,127 3.38%
GREELEY, CO 44 $14,120,000 $320,909 $5,337 3.20%
CAMDEN, NJ 49 $12,905,000 $263,367 $6,381 3.14%
TACOMA-LAKEWOOD, WA 38 $12,740,000 $335,263 $5,987 3.19%
HARRISBURG-CARLISLE, PA 64 $12,160,000 $190,000 $6,561 3.07%
SAVANNAH, GA 61 $12,085,000 $198,115 $6,349 3.28%
STATE COLLEGE, PA 53 $12,005,000 $226,509 $6,758 3.16%
YAKIMA, WA 54 $11,880,000 $220,000 $5,348 3.07%
CAPE CORAL-FORT MYERS, FL 46 $11,420,000 $248,261 $6,392 3.36%
WILLIAMSPORT, PA 61 $10,875,000 $178,279 $5,351 3.45%
YUBA CITY, CA 52 $10,690,000 $205,577 $8,018 2.92%
LAKE HAVASU CITY-KINGMAN, AZ 44 $10,670,000 $242,500 $5,063 3.26%
NAPLES-MARCO ISLAND, FL 33 $10,315,000 $312,576 $7,155 3.14%
CHICO, CA 42 $9,900,000 $235,714 $4,982 3.18%
OCALA, FL 59 $9,855,000 $167,034 $6,371 3.31%
LYNCHBURG, VA 51 $9,685,000 $189,902 $4,517 3.19%
MEDFORD, OR 35 $9,385,000 $268,143 $5,532 3.37%
NORTH PORT-SARASOTA-BRADENTON, FL 32 $9,350,000 $292,188 $6,715 3.41%
FLAGSTAFF, AZ 29 $8,975,000 $309,483 $3,901 3.14%
JACKSONVILLE, NC 49 $8,935,000 $182,347 $4,905 3.02%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 34 $8,630,000 $253,824 $7,939 3.47%
TRENTON-PRINCETON, NJ 30 $8,210,000 $273,667 $6,831 3.04%
DETROIT-DEARBORN-LIVONIA, MI 45 $7,905,000 $175,667 $4,414 3.30%
BOULDER, CO 19 $7,815,000 $411,316 $5,848 2.95%
COLUMBIA, SC 41 $7,455,000 $181,829 $4,189 3.10%
BATON ROUGE, LA 33 $7,435,000 $225,303 $5,969 3.25%
GARY, IN 33 $6,895,000 $208,939 $4,193 3.24%
GAINESVILLE, GA 31 $6,765,000 $218,226 $6,685 3.14%
LONGVIEW, WA 32 $6,710,000 $209,688 $7,218 2.37%
FARMINGTON, NM 36 $6,610,000 $183,611 $5,135 3.30%
VISALIA, CA 30 $6,450,000 $215,000 $4,876 2.96%
MADISON, WI 23 $6,385,000 $277,609 $4,231 3.29%
PALM BAY-MELBOURNE-TITUSVILLE, FL 28 $6,370,000 $227,500 $5,209 3.45%
MADERA, CA 22 $6,360,000 $289,091 $5,510 3.43%
BLACKSBURG-CHRISTIANSBURG, VA 27 $6,115,000 $226,481 $6,098 3.42%
KANSAS CITY, MO-KS 28 $5,810,000 $207,500 $4,300 3.49%
GREENVILLE-ANDERSON, SC 24 $5,750,000 $239,583 $5,624 3.29%
NEW BERN, NC 30 $5,540,000 $184,667 $3,858 3.21%
BIRMINGHAM-HOOVER, AL 24 $5,360,000 $223,333 $5,614 3.26%
RACINE, WI 22 $5,250,000 $238,636 $3,846 3.41%
ASHEVILLE, NC 24 $5,140,000 $214,167 $5,165 3.37%
REDDING, CA 21 $5,075,000 $241,667 $5,907 3.38%
EL CENTRO, CA 31 $5,025,000 $162,097 $4,712 3.14%
YORK-HANOVER, PA 24 $5,020,000 $209,167 $7,160 3.01%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 20 $4,980,000 $249,000 $4,007 3.14%
FAIRBANKS, AK 21 $4,905,000 $233,571 $5,885 3.02%
GRANTS PASS, OR 20 $4,720,000 $236,000 $4,586 3.51%
ANN ARBOR, MI 16 $4,580,000 $286,250 $5,439 3.48%
VALDOSTA, GA 22 $4,510,000 $205,000 $5,549 2.97%
KAHULUI-WAILUKU-LAHAINA, HI 10 $4,400,000 $440,000 $7,106 2.97%
KENNEWICK-RICHLAND, WA 16 $4,390,000 $274,375 $5,250 3.10%
PENSACOLA-FERRY PASS-BRENT, FL 18 $4,260,000 $236,667 $5,669 3.05%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 14 $4,240,000 $302,857 $5,800 3.11%
WALLA WALLA, WA 16 $4,240,000 $265,000 $2,796 3.48%
NEW ORLEANS-METAIRIE, LA 17 $4,065,000 $239,118 $5,559 3.26%
EL PASO, TX 23 $3,965,000 $172,391 $5,121 3.12%
CLEVELAND-ELYRIA, OH 20 $3,940,000 $197,000 $4,267 3.02%
PORTLAND-SOUTH PORTLAND, ME 13 $3,855,000 $296,538 $5,087 3.46%
RENO, NV 9 $3,835,000 $426,111 $5,771 3.06%
OCEAN CITY, NJ 17 $3,815,000 $224,412 $5,704 3.41%
LEBANON, PA 16 $3,580,000 $223,750 $6,189 2.89%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 15 $3,535,000 $235,667 $6,521 3.20%
NEW HAVEN-MILFORD, CT 14 $3,460,000 $247,143 $4,600 3.06%
SPARTANBURG, SC 20 $3,460,000 $173,000 $5,030 3.36%
DURHAM-CHAPEL HILL, NC 14 $3,450,000 $246,429 $2,940 3.04%
WILMINGTON, DE-MD-NJ 14 $3,340,000 $238,571 $6,928 3.21%
SALISBURY, MD-DE 12 $3,280,000 $273,333 $3,662 3.08%
TYLER, TX 13 $3,265,000 $251,154 $6,159 3.37%
GREENSBORO-HIGH POINT, NC 18 $3,040,000 $168,889 $5,245 3.37%
LANCASTER, PA 13 $2,845,000 $218,846 $6,149 3.04%
HARRISONBURG, VA 13 $2,845,000 $218,846 $4,420 3.13%
TULSA, OK 11 $2,815,000 $255,909 $5,293 3.72%
SANTA FE, NM 13 $2,805,000 $215,769 $5,898 3.42%
READING, PA 19 $2,785,000 $146,579 $6,344 3.18%
EVANSVILLE, IN-KY 18 $2,750,000 $152,778 $4,933 3.92%
SPRINGFIELD, MA 14 $2,690,000 $192,143 $4,817 3.67%
CHARLOTTESVILLE, VA 9 $2,585,000 $287,222 $4,564 2.96%
KINGSPORT-BRISTOL, TN-VA 14 $2,580,000 $184,286 $4,900 3.10%
THE VILLAGES, FL 10 $2,390,000 $239,000 $6,381 3.09%
KILLEEN-TEMPLE, TX 12 $2,370,000 $197,500 $4,911 3.22%
CORVALLIS, OR 9 $2,355,000 $261,667 $6,057 3.01%
JANESVILLE-BELOIT, WI 8 $2,340,000 $292,500 $6,009 3.84%
HUNTSVILLE, AL 10 $2,330,000 $233,000 $5,230 2.91%
SHERMAN-DENISON, TX 8 $2,320,000 $290,000 $5,225 3.30%
PUEBLO, CO 12 $2,310,000 $192,500 $5,088 3.82%
CINCINNATI, OH-KY-IN 11 $2,265,000 $205,909 $5,091 3.33%
GREEN BAY, WI 11 $2,245,000 $204,091 $5,551 3.36%
OMAHA-COUNCIL BLUFFS, NE-IA 10 $2,230,000 $223,000 $4,621 3.11%
AMES, IA 15 $2,215,000 $147,667 $4,728 2.99%
KANKAKEE, IL 17 $2,195,000 $129,118 $4,239 3.26%
IDAHO FALLS, ID 9 $2,165,000 $240,556 $5,782 2.97%
MEMPHIS, TN-MS-AR 9 $2,125,000 $236,111 $5,153 3.14%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 8 $2,110,000 $263,750 $4,208 3.08%
PUNTA GORDA, FL 11 $2,065,000 $187,727 $5,266 3.25%
SPRINGFIELD, MO 9 $1,915,000 $212,778 $5,140 3.82%
BLOOMSBURG-BERWICK, PA 12 $1,900,000 $158,333 $5,200 3.07%
AUGUSTA-RICHMOND COUNTY, GA-SC 11 $1,895,000 $172,273 $5,436 3.53%
JOHNSON CITY, TN 11 $1,895,000 $172,273 $3,136 3.15%
COLUMBUS, IN 10 $1,870,000 $187,000 $2,998 3.31%
SEBASTIAN-VERO BEACH, FL 9 $1,815,000 $201,667 $5,466 3.35%
CHATTANOOGA, TN-GA 8 $1,810,000 $226,250 $4,684 3.14%
YUMA, AZ 7 $1,775,000 $253,571 $2,674 3.11%
TOLEDO, OH 10 $1,760,000 $176,000 $4,391 3.22%
WILMINGTON, NC 7 $1,695,000 $242,143 $6,471 3.39%
OLYMPIA-LACEY-TUMWATER, WA 6 $1,690,000 $281,667 $4,557 3.06%
FAYETTEVILLE, NC 8 $1,690,000 $211,250 $4,956 3.08%
COLLEGE STATION-BRYAN, TX 7 $1,675,000 $239,286 $5,564 3.00%
HANFORD-CORCORAN, CA 10 $1,670,000 $167,000 $6,163 2.95%
ATHENS-CLARKE COUNTY, GA 8 $1,650,000 $206,250 $4,887 3.42%
LONGVIEW, TX 7 $1,595,000 $227,857 $5,247 3.05%
WACO, TX 6 $1,560,000 $260,000 $6,609 2.81%
PANAMA CITY, FL 7 $1,505,000 $215,000 $3,578 3.64%
OSHKOSH-NEENAH, WI 9 $1,475,000 $163,889 $2,902 3.25%
AUBURN-OPELIKA, AL 5 $1,445,000 $289,000 $7,253 3.23%
HILTON HEAD ISLAND-BLUFFTON, SC 4 $1,430,000 $357,500 $3,901 2.97%
SOUTH BEND-MISHAWAKA, IN-MI 5 $1,425,000 $285,000 $3,370 3.00%
GAINESVILLE, FL 8 $1,420,000 $177,500 $4,325 3.34%
HINESVILLE, GA 9 $1,415,000 $157,222 $4,698 3.60%
CORPUS CHRISTI, TX 7 $1,365,000 $195,000 $3,880 3.28%
HOMOSASSA SPRINGS, FL 6 $1,360,000 $226,667 $5,645 3.52%
COLUMBUS, GA-AL 8 $1,360,000 $170,000 $4,632 3.18%
ELIZABETHTOWN-FORT KNOX, KY 6 $1,310,000 $218,333 $7,336 3.77%
KNOXVILLE, TN 5 $1,285,000 $257,000 $5,299 3.17%
SHREVEPORT-BOSSIER CITY, LA 5 $1,275,000 $255,000 $8,701 3.18%
LAKE CHARLES, LA 6 $1,270,000 $211,667 $6,884 3.44%
LEXINGTON-FAYETTE, KY 6 $1,270,000 $211,667 $5,847 3.63%
ROCKFORD, IL 12 $1,270,000 $105,833 $3,897 3.33%
TALLAHASSEE, FL 5 $1,215,000 $243,000 $4,260 2.85%
DAYTON-KETTERING, OH 7 $1,165,000 $166,429 $4,622 3.53%
HAGERSTOWN-MARTINSBURG, MD-WV 3 $1,145,000 $381,667 $8,869 3.17%
DOTHAN, AL 9 $1,125,000 $125,000 $3,619 3.61%
TWIN FALLS, ID 5 $1,125,000 $225,000 $6,412 3.80%
GREAT FALLS, MT 5 $1,115,000 $223,000 $9,138 3.00%
BELLINGHAM, WA 3 $1,105,000 $368,333 $4,340 2.88%
FOND DU LAC, WI 7 $1,085,000 $155,000 $3,892 3.80%
WICHITA, KS 5 $1,085,000 $217,000 $4,987 3.10%
ALBANY, GA 6 $1,080,000 $180,000 $5,279 3.33%
FLINT, MI 8 $1,050,000 $131,250 $4,100 3.62%
AMARILLO, TX 5 $1,025,000 $205,000 $4,613 3.38%
NORWICH-NEW LONDON, CT 4 $970,000 $242,500 $7,261 3.03%
BLOOMINGTON, IN 4 $950,000 $237,500 $3,437 3.41%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 5 $935,000 $187,000 $3,764 3.08%
LIMA, OH 7 $925,000 $132,143 $5,407 3.61%
ROANOKE, VA 6 $920,000 $153,333 $3,949 3.29%
CLARKSVILLE, TN-KY 4 $910,000 $227,500 $7,642 2.50%
WINSTON-SALEM, NC 4 $910,000 $227,500 $2,180 3.37%
SHEBOYGAN, WI 3 $905,000 $301,667 $6,159 3.00%
MIDLAND, TX 3 $905,000 $301,667 $4,287 3.21%
MACON-BIBB COUNTY, GA 4 $900,000 $225,000 $6,397 3.38%
WARNER ROBINS, GA 5 $855,000 $171,000 $6,366 3.30%
AKRON, OH 5 $855,000 $171,000 $4,326 2.88%
ST. CLOUD, MN 5 $835,000 $167,000 $2,317 3.45%
STAUNTON, VA 4 $830,000 $207,500 $5,058 3.56%
SAN ANGELO, TX 7 $805,000 $115,000 $5,251 3.16%
ROME, GA 4 $790,000 $197,500 $6,390 3.88%
CHAMBERSBURG-WAYNESBORO, PA 4 $770,000 $192,500 $8,202 3.75%
RAPID CITY, SD 2 $760,000 $380,000 $6,862 3.19%
GRAND JUNCTION, CO 3 $755,000 $251,667 $5,207 3.38%
GETTYSBURG, PA 5 $725,000 $145,000 $5,764 2.98%
VICTORIA, TX 2 $710,000 $355,000 $4,027 3.19%
MOUNT VERNON-ANACORTES, WA 2 $710,000 $355,000 $4,990 3.06%
DAPHNE-FAIRHOPE-FOLEY, AL 3 $705,000 $235,000 $7,406 3.08%
BURLINGTON-SOUTH BURLINGTON, VT 2 $700,000 $350,000 $9,623 2.81%
SEBRING-AVON PARK, FL 4 $680,000 $170,000 $5,303 3.38%
BEAUMONT-PORT ARTHUR, TX 4 $680,000 $170,000 $4,587 3.41%
OKLAHOMA CITY, OK 2 $640,000 $320,000 $3,545 3.25%
WAUSAU-WESTON, WI 3 $625,000 $208,333 $4,316 3.38%
LAS CRUCES, NM 3 $595,000 $198,333 $6,193 3.04%
COLUMBIA, MO 3 $575,000 $191,667 $5,584 2.79%
BROWNSVILLE-HARLINGEN, TX 4 $570,000 $142,500 $3,147 3.22%
MONTGOMERY, AL 3 $565,000 $188,333 $4,186 3.21%
PITTSFIELD, MA 2 $540,000 $270,000 $5,671 3.25%
LANSING-EAST LANSING, MI 3 $525,000 $175,000 $4,499 3.13%
MANHATTAN, KS 2 $520,000 $260,000 $2,710 2.75%
HICKORY-LENOIR-MORGANTON, NC 3 $515,000 $171,667 $6,199 3.71%
KALAMAZOO-PORTAGE, MI 1 $495,000 $495,000 $1,773 3.13%
MONROE, LA 2 $480,000 $240,000 $9,662 4.06%
CUMBERLAND, MD-WV 4 $480,000 $120,000 $5,590 3.41%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 3 $475,000 $158,333 $4,363 2.63%
VINELAND-BRIDGETON, NJ 2 $460,000 $230,000 $8,522 3.12%
CARBONDALE-MARION, IL 3 $435,000 $145,000 $5,199 3.54%
LA CROSSE-ONALASKA, WI-MN 1 $425,000 $425,000 $3,992 3.00%
CALIFORNIA-LEXINGTON PARK, MD 2 $420,000 $210,000 $8,014 3.31%
IOWA CITY, IA 2 $410,000 $205,000 $2,756 3.50%
JOHNSTOWN, PA 2 $410,000 $205,000 $11,333 3.00%
DALTON, GA 3 $405,000 $135,000 $4,565 3.21%
DULUTH, MN-WI 3 $405,000 $135,000 $5,186 3.00%
GULFPORT-BILOXI, MS 2 $400,000 $200,000 $3,161 3.25%
SIERRA VISTA-DOUGLAS, AZ 2 $400,000 $200,000 $4,087 2.75%
WINCHESTER, VA-WV 1 $395,000 $395,000 $12,654 3.38%
FARGO, ND-MN 2 $390,000 $195,000 $3,135 2.25%
MONROE, MI 2 $390,000 $195,000 $4,596 3.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 3 $385,000 $128,333 $4,690 3.04%
TEXARKANA, TX-AR 2 $380,000 $190,000 $5,533 4.00%
SUMTER, SC 2 $380,000 $190,000 $6,739 3.00%
CHAMPAIGN-URBANA, IL 2 $360,000 $180,000 $2,646 3.19%
ABILENE, TX 2 $310,000 $155,000 $4,043 3.50%
ATLANTIC CITY-HAMMONTON, NJ 1 $305,000 $305,000 $4,082 2.75%
ODESSA, TX 1 $305,000 $305,000 $4,039 3.25%
WATERLOO-CEDAR FALLS, IA 2 $290,000 $145,000 $5,298 3.56%
NILES, MI 2 $290,000 $145,000 $2,739 3.06%
PEORIA, IL 2 $280,000 $140,000 $3,168 3.18%
TUSCALOOSA, AL 1 $275,000 $275,000 $6,584 4.88%
SIOUX FALLS, SD 1 $265,000 $265,000 $7,641 2.99%
ROCHESTER, MN 1 $265,000 $265,000 $2,133 3.13%
POCATELLO, ID 2 $260,000 $130,000 $4,096 3.44%
DANVILLE, IL 1 $255,000 $255,000 $2,060 2.75%
JEFFERSON CITY, MO 2 $240,000 $120,000 $2,204 3.06%
DOVER, DE 1 $235,000 $235,000 $1,965 2.75%
DECATUR, IL 2 $230,000 $115,000 $3,593 3.69%
GRAND RAPIDS-KENTWOOD, MI 1 $225,000 $225,000 $1,474 3.13%
WEIRTON-STEUBENVILLE, WV-OH 1 $225,000 $225,000 $9,110 2.88%
APPLETON, WI 1 $215,000 $215,000 $2,629 3.99%
JACKSON, MI 1 $215,000 $215,000 $2,153 3.13%
BAY CITY, MI 1 $195,000 $195,000 $7,258 2.75%
LEWISTON, ID-WA 1 $185,000 $185,000 $7,303 4.38%
ALTOONA, PA 1 $185,000 $185,000 $10,729 3.63%
CLEVELAND, TN 2 $180,000 $90,000 $3,971 4.44%
MORRISTOWN, TN 1 $175,000 $175,000 $5,518 3.50%
HATTIESBURG, MS 1 $175,000 $175,000 $4,637 3.13%
JACKSON, MS 1 $165,000 $165,000 $2,447 2.50%
SPRINGFIELD, OH 1 $165,000 $165,000 $3,881 3.25%
EAU CLAIRE, WI 1 $155,000 $155,000 $2,978 3.00%
FORT WAYNE, IN 1 $155,000 $155,000 $4,133 3.25%
SAGINAW, MI 2 $150,000 $75,000 $4,650 3.50%
LUBBOCK, TX 1 $145,000 $145,000 $2,786 3.00%
HOUMA-THIBODAUX, LA 1 $145,000 $145,000 $6,535 4.13%
BLOOMINGTON, IL 1 $125,000 $125,000 $5,391 2.75%
CANTON-MASSILLON, OH 1 $125,000 $125,000 $4,804 4.25%
CARSON CITY, NV 1 $115,000 $115,000 $5,295 3.50%
SPRINGFIELD, IL 1 $115,000 $115,000 $3,706 2.63%
ANNISTON-OXFORD, AL 1 $105,000 $105,000 $4,615 3.00%
CEDAR RAPIDS, IA 1 $105,000 $105,000 $4,001 3.50%
MUNCIE, IN 1 $95,000 $95,000 $2,790 3.13%
TERRE HAUTE, IN 1 $85,000 $85,000 $2,352 3.88%
KOKOMO, IN 1 $85,000 $85,000 $2,398 4.25%
BISMARCK, ND 1 $65,000 $65,000 $3,535 3.50%

Stearns Lending 's top markets include Los Angeles, Riverside, Chicago, Anaheim, and Oakland among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 16,306 $5,044,380,000 $309,357
2.5-3% 12,797 $4,097,875,000 $320,222
<2.5% 2,624 $690,530,000 $263,159
4-5% 1,926 $502,290,000 $260,794
5-6% 103 $26,255,000 $254,903
7-8% 3 $785,000 $261,667
6-7% 2 $920,000 $460,000
Over 8% 1 $115,000 $115,000

During 2020, Stearns Lending 's average interest rate was 3.23%, while their most frequently originated rate bucket was 3-4%, with 16,306 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 16,793 $4,892,945,000 $291,368 $5,504 3.18%
$100k-200k 7,485 $1,162,805,000 $155,351 $4,449 3.28%
$400k-600k 6,653 $3,164,515,000 $475,652 $6,365 3.15%
$600k-1MM 1,393 $972,485,000 $698,123 $9,065 3.29%
$100,000 or less 1,362 $76,600,000 $56,241 $3,844 2.71%
$1MM+ 76 $93,800,000 $1,234,211 $13,155 3.27%

2020 saw Stearns Lending place emphasis on $200k-400k loans with 16,793 originations, totaling $4,892,945,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 8,440 $2,888,550,000 $342,245 $5,797 3.17%
$50k-75k 6,754 $1,539,780,000 $227,980 $5,458 3.21%
$75k-100k 6,500 $1,855,530,000 $285,466 $5,694 3.18%
$150k-250k 5,618 $2,252,690,000 $400,977 $5,699 3.17%
$50k or less 4,663 $1,002,025,000 $214,888 $5,027 3.16%
$250k+ 1,787 $824,575,000 $461,430 $5,756 3.20%

Stearns Lending lent most frequently to those with incomes in the $100k-150k range, with 8,440 originations. The second most popular income band? $50k-75k, with 6,754 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 7,411 $2,229,915,000 $300,893 $4,764 3.12%
30-36% 5,951 $1,805,445,000 $303,385 $5,298 3.19%
<20% 2,767 $760,445,000 $274,827 $4,286 3.00%
44% 1,721 $534,545,000 $310,601 $6,436 3.32%
43% 1,443 $445,175,000 $308,507 $6,218 3.32%
41% 1,310 $408,110,000 $311,534 $5,989 3.29%
42% 1,291 $411,285,000 $318,579 $6,206 3.28%
39% 1,236 $374,840,000 $303,269 $5,905 3.24%
40% 1,211 $372,635,000 $307,709 $5,846 3.26%
38% 1,203 $375,095,000 $311,800 $5,729 3.25%
37% 1,085 $330,305,000 $304,429 $5,688 3.23%
36% 1,084 $325,610,000 $300,378 $5,492 3.21%
50-60% 1,000 $307,370,000 $307,370 $9,680 3.27%
49% 782 $256,330,000 $327,788 $6,385 3.23%
45% 779 $247,505,000 $317,721 $6,167 3.25%
47% 744 $236,110,000 $317,352 $6,422 3.24%
46% 739 $240,485,000 $325,419 $6,398 3.24%
48% 682 $219,520,000 $321,877 $6,359 3.23%
>60% 33 $14,335,000 $434,394 $8,472 3.03%

Stearns Lending lent most frequently to those with DTI ratios of 20-30%, with 7,411 originations. The next most common DTI ratio? 30-36%, with 5,951 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 25,125 $7,462,365,000 $297,010 $5,486 3.19%
Not provided 4,253 $1,418,705,000 $333,577 $5,881 3.11%
Asian 2,740 $1,001,500,000 $365,511 $5,284 3.14%
Black 1,268 $351,710,000 $277,374 $6,890 3.28%
Native Hawaiian 100 $34,550,000 $345,500 $6,797 3.15%
American Indian 107 $32,635,000 $305,000 $6,073 3.13%
Asian Indian 42 $15,750,000 $375,000 $5,255 2.94%
Filipino 31 $12,185,000 $393,065 $6,555 3.20%
Other Asian 32 $11,170,000 $349,063 $6,794 3.23%
Chinese 13 $5,995,000 $461,154 $6,786 3.04%
Japanese 14 $5,040,000 $360,000 $4,774 2.91%
Vietnamese 13 $3,985,000 $306,538 $4,987 3.08%
Native Hawiian 8 $2,700,000 $337,500 $9,429 2.89%
Samoan 5 $1,385,000 $277,000 $5,811 3.55%
Other Pacific Islander 4 $1,350,000 $337,500 $4,045 3.34%
Korean 4 $1,110,000 $277,500 $2,858 3.12%
Guamanian 3 $1,015,000 $338,333 $7,615 3.00%

Approval Rates

Total approvals of all applications
88.73%

Stearns Lending has an average approval rate.

Pick Rate

Approvals leading to origination
87.93%

Stearns Lending has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 33,762 $10,363,150,000 $306,947

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 470 $86,440,000 $183,915
Single Family (1-4 Units):Site-Built 33,292 $10,276,710,000 $308,684

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,950 $502,120,000 $257,497 $3,976 3.03%
40-60% 6,046 $1,902,080,000 $314,601 $4,191 3.05%
60-80% 12,661 $4,108,405,000 $324,493 $5,019 3.24%
80-100% 12,125 $3,687,005,000 $304,083 $6,824 3.30%
Over 100% 315 $117,755,000 $373,825 $13,689 3.11%
Under 20% 665 $45,785,000 $68,850 $3,593 1.62%