Stearns Lending Mortgage Rates, Fees & Info
Sacramento, CALEI: 549300YOESI1GLKRL151
Tax ID: 33-0051773
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Mortgage Data
Review & Overview
Stearns Lending is a smaller mortgage company specializing in Cash Out Refi, Home Purchase, and Refi loans. Stearns Lending 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, San Francisco, Riverside, Phoenix, and San Jose among others. We have data for 191 markets. (Some data included below & more in-depth data is available with an active subscription.)Stearns Lending 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. Stearns Lending 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.55% | 12/16/24 |
| 30 Year Conventional Refi | 6.30% | 12/16/24 |
| 30 Year Cash-out Refi | 6.57% | 12/16/24 |
| 30 Year FHA Purchase | 7.28% | 12/16/24 |
| 30 Year FHA Refi | 7.22% | 12/16/24 |
| 30 Year VA Purchase | 6.08% | 12/16/24 |
| 30 Year VA Refi | 6.27% | 12/16/24 |
| 30 Year USDA Purchase | 6.61% | 12/16/24 |
| 15 Year Conventional Purchase | 5.97% | 12/16/24 |
| 15 Year Conventional Refi | 5.84% | 12/16/24 |
| 15 Year Cash-out Refi | 5.84% | 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. | ||
Stearns Lending Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,273Origination Dollar Volume (All Markets)
$478,005,000Awards
STEARNS LENDING - 2022
STEARNS LENDING 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 168 | $98,730,000 | $587,679 | $7,079 | 3.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 57 | $33,525,000 | $588,158 | $4,688 | 3.24% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 71 | $25,545,000 | $359,789 | $6,917 | 3.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 62 | $19,510,000 | $314,677 | $5,080 | 3.26% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 20 | $16,030,000 | $801,500 | $3,944 | 3.27% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 29 | $14,515,000 | $500,517 | $7,229 | 3.31% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 37 | $12,695,000 | $343,108 | $6,089 | 3.27% |
| TUCSON, AZ (FHA|USDA|VA) | 48 | $11,210,000 | $233,542 | $4,272 | 2.95% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 21 | $8,905,000 | $424,048 | $6,190 | 3.46% |
| Outside of Metro Areas | 31 | $8,885,000 | $286,613 | $5,091 | 3.22% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 22 | $8,400,000 | $381,818 | $6,767 | 3.31% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 16 | $8,390,000 | $524,375 | $7,269 | 3.21% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 26 | $8,380,000 | $322,308 | $4,312 | 3.02% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 27 | $7,875,000 | $291,667 | $6,928 | 3.23% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 12 | $6,900,000 | $575,000 | $8,740 | 3.20% |
| PROVO-OREM, UT (FHA|USDA|VA) | 16 | $6,860,000 | $428,750 | $8,034 | 3.41% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 11 | $6,495,000 | $590,455 | $11,479 | 3.11% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 18 | $6,240,000 | $346,667 | $5,520 | 3.31% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 15 | $6,235,000 | $415,667 | $7,411 | 3.47% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 21 | $5,975,000 | $284,524 | $5,494 | 3.31% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 21 | $5,845,000 | $278,333 | $5,500 | 3.72% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 14 | $5,420,000 | $387,143 | $5,650 | 3.20% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 19 | $4,845,000 | $255,000 | $7,690 | 3.22% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 18 | $4,570,000 | $253,889 | $7,122 | 3.41% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 10 | $4,090,000 | $409,000 | $6,580 | 3.21% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 13 | $3,865,000 | $297,308 | $5,256 | 3.23% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 11 | $3,755,000 | $341,364 | $4,299 | 3.19% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 15 | $3,745,000 | $249,667 | $4,687 | 3.28% |
| FRESNO, CA (FHA|USDA|VA) | 11 | $3,635,000 | $330,455 | $5,538 | 3.34% |
| LOGAN, UT-ID (FHA|USDA|VA) | 10 | $3,330,000 | $333,000 | $3,267 | 3.50% |
| MERCED, CA (FHA|USDA|VA) | 10 | $3,140,000 | $314,000 | $7,603 | 3.34% |
| STOCKTON, CA (FHA|USDA|VA) | 8 | $3,110,000 | $388,750 | $7,025 | 3.69% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $2,960,000 | $296,000 | $5,369 | 3.33% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 6 | $2,840,000 | $473,333 | $10,022 | 3.29% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 5 | $2,725,000 | $545,000 | $5,004 | 3.18% |
| SALINAS, CA (FHA|USDA|VA) | 9 | $2,685,000 | $298,333 | $5,494 | 2.69% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $2,600,000 | $260,000 | $6,758 | 3.48% |
| MISSOULA, MT (FHA|USDA|VA) | 6 | $2,570,000 | $428,333 | $3,694 | 3.35% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 10 | $2,520,000 | $252,000 | $7,908 | 3.21% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 8 | $2,480,000 | $310,000 | $4,791 | 3.20% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 3 | $2,475,000 | $825,000 | $26,141 | 3.58% |
| RENO, NV (FHA|USDA|VA) | 2 | $2,410,000 | $1,205,000 | $1,833 | 2.44% |
| MODESTO, CA (FHA|USDA|VA) | 7 | $2,185,000 | $312,143 | $8,585 | 3.48% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 6 | $2,120,000 | $353,333 | $5,749 | 3.31% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 8 | $2,060,000 | $257,500 | $3,120 | 3.25% |
| SALEM, OR (FHA|USDA|VA) | 4 | $2,000,000 | $500,000 | $6,994 | 2.94% |
| LOUISVILLE, KY (FHA|USDA|VA) | 9 | $1,915,000 | $212,778 | $5,341 | 3.46% |
| SAVANNAH, GA (FHA|USDA|VA) | 6 | $1,860,000 | $310,000 | $6,476 | 2.98% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $7,395 | 3.44% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $9,413 | 2.73% |
| Heber, UT (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $5,570 | 3.41% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $5,130 | 3.53% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $1,565,000 | $521,667 | $17,336 | 3.54% |
| BRUNSWICK, GA (FHA|USDA|VA) | 3 | $1,525,000 | $508,333 | $9,404 | 3.42% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $8,391 | 3.78% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $7,874 | 3.38% |
| BOISE CITY, ID (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $5,453 | 3.22% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $7,234 | 3.59% |
| Outside of Metro Areas | 4 | $1,240,000 | $310,000 | $4,280 | 3.19% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $7,043 | 3.22% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $5,466 | 3.38% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $3,598 | 3.48% |
| EL CENTRO, CA (FHA|USDA|VA) | 8 | $1,030,000 | $128,750 | $3,015 | 3.13% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $14,909 | 3.56% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $15,940 | 3.88% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $3,485 | 3.00% |
| Klamath Falls, OR (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $6,530 | 3.22% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $3,716 | 3.56% |
| MEDFORD, OR (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $4,579 | 3.33% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $3,326 | 3.50% |
| ST. GEORGE, UT (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $5,108 | 3.13% |
| Ukiah, CA (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $8,263 | 3.33% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $12,851 | 3.31% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $4,080 | 3.59% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $4,778 | 3.41% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $7,397 | 3.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $8,473 | 3.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $6,539 | 3.87% |
| Roseburg, OR (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $11,185 | 3.21% |
| CHICO, CA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,174 | 2.75% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $7,213 | 3.44% |
| Newport, OR (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $6,297 | 2.79% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $2,188 | 3.62% |
| Kapaa, HI (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $5,117 | 3.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,606 | 3.38% |
| BILLINGS, MT (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $3,494 | 3.38% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $5,996 | 2.93% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $6,528 | 3.31% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,867 | 3.13% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 4.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $23,112 | 3.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 3.42% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,296 | 3.17% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,793 | 3.18% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $6,791 | 3.56% |
| MADISON, WI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,102 | 3.56% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $9,179 | 2.79% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,560 | 3.49% |
| Sonora, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,230 | 2.94% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $15,051 | 3.50% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,668 | 3.69% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $1,979 | 3.50% |
| BEND, OR (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $13,035 | 4.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,403 | 3.31% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,116 | 3.31% |
| Taos, NM (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,552 | 3.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $5,139 | 3.58% |
| Fairmont, WV (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,056 | 2.88% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 3.75% |
| Moscow, ID (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 3.81% |
| Nogales, AZ (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,908 | 2.94% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,529 | 3.75% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $13,570 | 3.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,921 | 3.50% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $7,875 | 3.50% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,116 | 3.13% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,166 | 2.99% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,686 | 3.38% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 3.38% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 3.56% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 3.63% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,534 | 3.13% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,854 | 3.99% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,732 | 3.25% |
| Astoria, OR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,624 | 3.50% |
| LAFAYETTE, LA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 3.71% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,437 | 2.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,827 | 3.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 3.67% |
| Hilo, HI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 3.99% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 3.50% |
| Boone, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,732 | 2.88% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $14,138 | 2.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,486 | 3.81% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 3.69% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,382 | 3.38% |
| TYLER, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,294 | 2.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,823 | 3.19% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,939 | 3.38% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,320 | 2.88% |
| Red Bluff, CA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,399 | 2.44% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,405 | 2.88% |
| DALTON, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,156 | 2.50% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,419 | 3.50% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,253 | 4.38% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,466 | 2.50% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $12,284 | 2.88% |
| Keene, NH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,392 | 2.88% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,284 | 3.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.38% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,678 | 3.31% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,113 | 3.88% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,301 | 2.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.75% |
| Sanford, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,365 | 3.99% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,838 | 2.63% |
| Scottsburg, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,548 | 3.75% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,889 | 2.99% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,574 | 3.19% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,416 | 2.50% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,694 | 3.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,840 | 2.88% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,060 | 3.38% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,741 | 3.63% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,341 | 2.63% |
| Bonham, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,836 | 2.38% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,317 | 3.50% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,902 | 2.75% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,180 | 2.88% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,191 | 2.00% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,459 | 3.25% |
| READING, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,055 | 3.88% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,010 | 3.13% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,168 | 2.75% |
| Lock Haven, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,707 | 3.38% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,485 | 2.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,720 | 2.75% |
| TULSA, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.75% |
| Van Wert, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $625 | 2.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.75% |
| WACO, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,514 | 3.63% |
| Salem, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,924 | 4.63% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,127 | 3.63% |
| MONROE, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,404 | 3.25% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,931 | 3.25% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $6,759 | 4.75% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.25% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,684 | 3.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against STEARNS LENDING 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
For 2022, Stearns Lending's most frequently originated type of loan was Conventional, with 1,187 originations. Their 2nd most popular type was FHA, with 63 originations.
Loan Reason
For 2022, Stearns Lending's most frequently cited loan purpose was Cash Out Refi, with 483 originations. The 2nd most popular reason was Home Purchase, with 482 originations.
Loan Duration/Length
For 2022, Stearns Lending's most frequently cited loan duration was 30 Year, with 1,135 originations. The 2nd most popular length was 15 Year, with 113 originations.
Origination Fees/Closing Costs
Stearns Lending's average total fees were $6,302, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 437 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 796 | $306,730,000 | $385,339 |
| 2.5-3% | 349 | $133,205,000 | $381,676 |
| <2.5% | 75 | $20,055,000 | $267,400 |
| 4-5% | 53 | $18,015,000 | $339,906 |
During 2022, Stearns Lending's average interest rate for loans was 3.34%, while their most frequently originated rate bucket for loans was 3-4%, with 796 originations.
Loan Sizing
2022 saw Stearns Lending place emphasis on $200k-400k loans with 540 originations, totaling $154,530,000 in origination value.
Applicant Income
Stearns Lending lent most frequently to those with incomes in the $100k-150k range, with 289 originations. The second most popular income band? $50k-75k, with 243 originations.
Applicant Debt to Income Ratio
Stearns Lending lent most frequently to those with DTI ratios of 30-36%, with 246 originations. The next most common DTI ratio? 20-30%, with 242 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.46%
Stearns Lending has an average approval rate.
Pick Rate
Approvals leading to origination60.96%
Stearns Lending 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 | 1,273 | $478,005,000 | $375,495 |