MERCED Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Merced averaged
5.78%
for the week of 2022-05-19, compared to the national average of
5.25% for the same period.
The average rate for the prior week (2022-05-12) was
5.73% and
one month ago for the week of 2022-04-14, the
average rate was 5.23%.
Merced's average rate one year ago was 3.45%.
For refis of the same type during the week of 2022-05-19, the average rate
was 5.26%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-19 | 5.25% |
| Merced 30 Year Fixed Rate | 2022-05-19 | 5.78% |
| Merced 30 Year Fixed Rate Refi | 2022-05-19 | 5.26% |
| Merced 15 Year Fixed Rate | 2022-05-19 | 4.77% |
| Merced 15 Year Fixed Rate Refi | 2022-05-19 | 4.5% |
| Merced 30 Year FHA | 2022-05-19 | 5.23% |
| Merced 30 Year FHA Refi | 2022-05-19 | 5.11% |
| Merced 30 Year USDA | 2022-05-19 | 5.45% |
| Merced 30 Year USDA Refi | 2022-05-19 | 5.34% |
| Merced 30 Year VA | 2022-05-19 | 5.21% |
| Merced 30 Year VA Refi | 2022-05-19 | 5.09% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MERCED, CA.
MERCED Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the MERCED, CA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
MERCED, CA's 261 lenders originated 11,153
loans during 2021. The total origination value was $3,125,165,000, with an average loan value of
$280,208.
The top MERCED lender as defined by loan originations is QUICKEN LOANS, LLC, with
689 loans originated. Their average total fees are
$4,831, which is $270
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee MERCED lenders (with over 10 loans originated) are
Fremont Bank ($1,391), North American Savings Bank, F.S.B. ($2,244), TRAVIS CREDIT UNION ($2,349), AMERICAN INTERNET MORTGAGE, INC. ($2,544) and Strong Home Mortgage, LLC ($2,595).
The lowest rate MERCED lenders (with over 10 loans originated) are
PROVIDENT FUNDING ASSOCIATES, L.P. (2.66%), AMERISAVE MORTGAGE CORPORATION (2.82%), AMERICAN INTERNET MORTGAGE, INC. (2.83%), BETTER MORTGAGE CORPORATION (2.90%) and North American Savings Bank, F.S.B. (2.90%).
MERCED, CA Lender Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $209,670,000 | $269,070,000 | 28.3% | 8.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $161,755,000 | $238,160,000 | 47.2% | 7.6% |
| FREEDOM MORTGAGE CORPORATION | $141,235,000 | $109,575,000 | -22.4% | 3.5% |
| DHI MORTGAGE COMPANY, LTD. | $44,705,000 | $107,950,000 | 141.5% | 3.5% |
| AMERICAN FINANCIAL NETWORK, INC. | $104,590,000 | $106,835,000 | 2.1% | 3.4% |
| LOANDEPOT.COM, LLC | $52,020,000 | $103,275,000 | 98.5% | 3.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $115,895,000 | $90,290,000 | -22.1% | 2.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $74,640,000 | $86,860,000 | 16.4% | 2.8% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $67,695,000 | $80,275,000 | 18.6% | 2.6% |
| Wells Fargo Bank | $64,505,000 | $68,455,000 | 6.1% | 2.2% |
| HOME POINT FINANCIAL CORPORATION | $32,215,000 | $57,475,000 | 78.4% | 1.8% |
| SUMMIT FUNDING, INC. | $50,880,000 | $55,300,000 | 8.7% | 1.8% |
| ENVOY MORTGAGE, LTD | $31,955,000 | $54,710,000 | 71.2% | 1.8% |
| CALIBER HOME LOANS, INC. | $24,495,000 | $52,900,000 | 116.0% | 1.7% |
| SCENIC OAKS FUNDING, INC. | $43,145,000 | $51,115,000 | 18.5% | 1.6% |
| JPMorgan Chase Bank | $32,325,000 | $49,015,000 | 51.6% | 1.6% |
| PNC Bank | $33,570,000 | $48,095,000 | 43.3% | 1.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $34,400,000 | $47,135,000 | 37.0% | 1.5% |
| PENNYMAC LOAN SERVICES, LLC | $24,705,000 | $42,985,000 | 74.0% | 1.4% |
| EAGLE HOME MORTGAGE, LLC | $28,245,000 | $42,945,000 | 52.0% | 1.4% |
| LAND HOME FINANCIAL SERVICES, INC. | $39,815,000 | $32,655,000 | -18.0% | 1.0% |
| GREYSTONE SERVICING COMPANY LLC | $31,500,000 | n/a | 1.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $32,265,000 | $31,450,000 | -2.5% | 1.0% |
| MOVEMENT MORTGAGE, LLC | $12,450,000 | $30,705,000 | 146.6% | 1.0% |
| CBRE MULTIFAMILY CAPITAL, INC. | $30,565,000 | n/a | 1.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $33,350,000 | $29,865,000 | -10.4% | 1.0% |
| WALKER & DUNLOP, LLC | $29,510,000 | n/a | 0.9% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $30,290,000 | $28,465,000 | -6.0% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $17,600,000 | $28,220,000 | 60.3% | 0.9% |
| ACADEMY MORTGAGE CORPORATION | $19,975,000 | $27,975,000 | 40.1% | 0.9% |
| ALAMEDA MORTGAGE CORPORATION | $19,745,000 | $26,210,000 | 32.7% | 0.8% |
| RESIDENTIAL BANCORP. | $9,010,000 | $24,105,000 | 167.5% | 0.8% |
| MERCED SCHOOL EMPLOYEES FEDERAL CREDIT UNION | $25,195,000 | $22,500,000 | -10.7% | 0.7% |
| BROKER SOLUTIONS, INC. | $20,080,000 | $22,470,000 | 11.9% | 0.7% |
| GUILD MORTGAGE COMPANY | $19,535,000 | $22,100,000 | 13.1% | 0.7% |
| NEWREZ LLC | $16,025,000 | $21,220,000 | 32.4% | 0.7% |
| Bank of America | $21,090,000 | $20,030,000 | -5.0% | 0.6% |
| Paramount Residential Mortgage Group, Inc. | $7,310,000 | $19,865,000 | 171.8% | 0.6% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $31,590,000 | $19,730,000 | -37.5% | 0.6% |
| INSPIRE HOME LOANS INC. | $9,305,000 | $19,540,000 | 110.0% | 0.6% |
| TRAVIS CREDIT UNION | $27,720,000 | $18,995,000 | -31.5% | 0.6% |
| Mortgage Research Center, LLC | $9,680,000 | $18,745,000 | 93.6% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,830,000 | $17,910,000 | 128.7% | 0.6% |
| BETTER MORTGAGE CORPORATION | $7,035,000 | $17,700,000 | 151.6% | 0.6% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $12,315,000 | $17,605,000 | 43.0% | 0.6% |
| U.S. Bank | $12,385,000 | $16,370,000 | 32.2% | 0.5% |
| GUARANTEED RATE, INC. | $3,780,000 | $15,945,000 | 321.8% | 0.5% |
| MOUNTAIN WEST FINANCIAL, INC. | $8,935,000 | $14,650,000 | 64.0% | 0.5% |
| Flagstar Bank, FSB | $10,320,000 | $14,600,000 | 41.5% | 0.5% |
| PLAZA HOME MORTGAGE, INC. | $27,650,000 | $14,570,000 | -47.3% | 0.5% |
| STEARNS LENDING, LLC | $17,015,000 | $14,025,000 | -17.6% | 0.4% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $3,165,000 | $13,785,000 | 335.5% | 0.4% |
| Commerce Home Mortgage, Inc. | $10,090,000 | $13,575,000 | 34.5% | 0.4% |
| SUN WEST MORTGAGE COMPANY, INC. | $12,330,000 | $13,440,000 | 9.0% | 0.4% |
| BBVA USA | $22,420,000 | $12,360,000 | -44.9% | 0.4% |
| Amerifirst Financial, Inc. | $18,680,000 | $12,100,000 | -35.2% | 0.4% |
| Golden Empire Mortgage, Inc. | $12,280,000 | $11,750,000 | -4.3% | 0.4% |
| S1L, Inc. | $5,380,000 | $11,620,000 | 116.0% | 0.4% |
| Farmers & Merchants Bank of Central California | $9,895,000 | $11,310,000 | 14.3% | 0.4% |
| MUFG Union Bank | $3,610,000 | $10,455,000 | 189.6% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $8,555,000 | $10,440,000 | 22.0% | 0.3% |
| Mechanics Bank | $8,780,000 | $10,115,000 | 15.2% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $5,920,000 | $10,025,000 | 69.3% | 0.3% |
| VILLAGE CAPITAL & INVESTMENT LLC | $10,145,000 | $9,950,000 | -1.9% | 0.3% |
| LOANPAL, LLC | $11,810,000 | $9,380,000 | -20.6% | 0.3% |
| Bank of the West | $14,455,000 | $9,175,000 | -36.5% | 0.3% |
| Citibank | $6,635,000 | $9,085,000 | 36.9% | 0.3% |
| Carrington Mortgage Services, LLC | $8,715,000 | $8,915,000 | 2.3% | 0.3% |
| AMWEST FUNDING CORP. | $5,200,000 | $8,830,000 | 69.8% | 0.3% |
| Fremont Bank | $9,100,000 | $8,820,000 | -3.1% | 0.3% |
| General Mortgage Capital Corporation | $9,720,000 | $8,645,000 | -11.1% | 0.3% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $6,610,000 | $8,215,000 | 24.3% | 0.3% |
| K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. | $14,845,000 | $8,035,000 | -45.9% | 0.3% |
| THE GOLDEN 1 | $5,410,000 | $8,005,000 | 48.0% | 0.3% |
| Self-Help Federal Credit Union | $8,680,000 | $7,825,000 | -9.9% | 0.3% |
| Hometown Equity Mortgage, LLC | $2,480,000 | $7,820,000 | 215.3% | 0.3% |
| InterContinental Capital Group, Inc | $5,585,000 | $7,765,000 | 39.0% | 0.2% |
| PLANET HOME LENDING, LLC | $5,495,000 | $7,750,000 | 41.0% | 0.2% |
| MLD MORTGAGE INC. | $1,360,000 | $7,680,000 | 464.7% | 0.2% |
| NETWORK CAPITAL FUNDING CORPORATION | $8,415,000 | $7,525,000 | -10.6% | 0.2% |
| Nations Lending Corporation | $7,535,000 | $7,240,000 | -3.9% | 0.2% |
| MERCO Credit Union | $6,350,000 | $7,235,000 | 13.9% | 0.2% |
| CMG MORTGAGE, INC. | $6,280,000 | $7,130,000 | 13.5% | 0.2% |
| Lakeview Community Capital, LLC | $6,595,000 | $7,075,000 | 7.3% | 0.2% |
| Equity Prime Mortgage LLC | $1,365,000 | $6,450,000 | 372.5% | 0.2% |
| LADERA LENDING, INC. | $6,050,000 | $6,235,000 | 3.1% | 0.2% |
| NEW DAY FINANCIAL, LLC | $3,560,000 | $6,225,000 | 74.9% | 0.2% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $1,620,000 | $6,195,000 | 282.4% | 0.2% |
| AMERICAN INTERNET MORTGAGE, INC. | $2,405,000 | $5,810,000 | 141.6% | 0.2% |
| UNION HOME MORTGAGE CORP. | $5,290,000 | $5,765,000 | 9.0% | 0.2% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $14,505,000 | $5,695,000 | -60.7% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $8,355,000 | $5,695,000 | -31.8% | 0.2% |
| GOOGAIN, INC. | $3,105,000 | $5,680,000 | 82.9% | 0.2% |
| Tri Counties Bank | $6,400,000 | $5,375,000 | -16.0% | 0.2% |
| Prosperity Home Mortgage, LLC | $2,950,000 | $5,160,000 | 74.9% | 0.2% |
| FBC MORTGAGE, LLC | $7,745,000 | $4,845,000 | -37.4% | 0.2% |
| North American Savings Bank, F.S.B. | $1,815,000 | $4,760,000 | 162.3% | 0.2% |
| PHH Mortgage Corporation | $1,970,000 | $4,750,000 | 141.1% | 0.2% |
| IMPAC MORTGAGE CORP. | $3,445,000 | $4,455,000 | 29.3% | 0.1% |
| Educational Employees Credit Union | $5,930,000 | $4,400,000 | -25.8% | 0.1% |
| AMERICAN ADVISORS GROUP | $1,175,000 | $4,330,000 | 268.5% | 0.1% |
| CLEARPATH LENDING | $7,550,000 | $4,085,000 | -45.9% | 0.1% |
| The Federal Savings Bank | $6,415,000 | $4,065,000 | -36.6% | 0.1% |
| PATELCO | $3,385,000 | $3,980,000 | 17.6% | 0.1% |
| USAA Federal Savings Bank | $4,210,000 | $3,950,000 | -6.2% | 0.1% |
| Strong Home Mortgage, LLC | $2,340,000 | $3,935,000 | 68.2% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $1,830,000 | $3,870,000 | 111.5% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $1,800,000 | $3,850,000 | 113.9% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $4,870,000 | $3,810,000 | -21.8% | 0.1% |
| First Guaranty Mortgage Corporation | $2,870,000 | $3,735,000 | 30.1% | 0.1% |
| Valley First Credit Union | $3,735,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $145,000 | $3,725,000 | 2,469.0% | 0.1% |
| Umpqua Bank | $5,145,000 | $3,720,000 | -27.7% | 0.1% |
| Platinum Home Mortgage Corporation | $7,480,000 | $3,555,000 | -52.5% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $2,725,000 | $3,415,000 | 25.3% | 0.1% |
| BAY EQUITY LLC | $3,005,000 | $3,410,000 | 13.5% | 0.1% |
| NBKC BANK | $4,805,000 | $3,230,000 | -32.8% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $6,510,000 | $3,170,000 | -51.3% | 0.1% |
| FirstBank | $3,560,000 | $3,055,000 | -14.2% | 0.1% |
| EVERETT FINANCIAL, INC. | $17,790,000 | $3,005,000 | -83.1% | 0.1% |
| COUNTRY CLUB MORTGAGE, INC. | $2,980,000 | $2,920,000 | -2.0% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,070,000 | $2,880,000 | 169.2% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,540,000 | $2,860,000 | 85.7% | 0.1% |
| Watermark Capital, Inc. | $1,155,000 | $2,790,000 | 141.6% | 0.1% |
| CELEBRITY HOME LOANS, LLC | $1,460,000 | $2,785,000 | 90.8% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $1,075,000 | $2,630,000 | 144.7% | 0.1% |
| JMAC LENDING, INC. | $3,910,000 | $2,610,000 | -33.2% | 0.1% |
| AMERICAN FINANCING CORPORATION | $2,315,000 | $2,470,000 | 6.7% | 0.1% |
| AmeriHome Mortgage Company, LLC | $2,280,000 | $2,435,000 | 6.8% | 0.1% |
| Prime Choice Funding Inc. | $1,230,000 | $2,390,000 | 94.3% | 0.1% |
| Northwest Farm Credit Services, FLCA | $4,255,000 | $2,345,000 | -44.9% | 0.1% |
| MEGA CAPITAL FUNDING, INC. | $2,680,000 | $2,325,000 | -13.2% | 0.1% |
| NMSI, INC. | $3,475,000 | $2,300,000 | -33.8% | 0.1% |
| Citizens Business Bank | $3,735,000 | $2,265,000 | -39.4% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $790,000 | $2,210,000 | 179.7% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $2,175,000 | $2,150,000 | -1.1% | 0.1% |
| LENDUS, LLC | $1,500,000 | $2,070,000 | 38.0% | 0.1% |
| INTELLILOAN, INC. | $650,000 | $2,055,000 | 216.2% | 0.1% |
| San Mateo Credit Union | $320,000 | $2,055,000 | 542.2% | 0.1% |
| Greenbox Loans, Inc. | $1,400,000 | $2,050,000 | 46.4% | 0.1% |
| STAR ONE CREDIT UNION | $2,605,000 | $2,015,000 | -22.6% | 0.1% |
| STANFORD Federal Credit Union | $215,000 | $1,955,000 | 809.3% | 0.1% |
| Axos Bank | $1,260,000 | $1,915,000 | 52.0% | 0.1% |
| OCMBC, INC. | $2,155,000 | $1,915,000 | -11.1% | 0.1% |
| The Loan Store, Inc. | $135,000 | $1,815,000 | 1,244.4% | 0.1% |
| WINNPOINTE CORPORATION | $4,180,000 | $1,815,000 | -56.6% | 0.1% |
| BAY | $430,000 | $1,785,000 | 315.1% | 0.1% |
| SOFI LENDING CORP. | $1,670,000 | $1,765,000 | 5.7% | 0.1% |
| ARC HOME LLC | $945,000 | $1,725,000 | 82.5% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,525,000 | $1,725,000 | 13.1% | 0.1% |
| DIGNIFIED HOME LOANS, LLC | $645,000 | $1,670,000 | 158.9% | 0.1% |
| Luther Burbank Savings | $1,665,000 | n/a | 0.1% | |
| HOMEXPRESS MORTGAGE CORP. | $1,645,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $895,000 | $1,530,000 | 70.9% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $1,160,000 | $1,510,000 | 30.2% | 0.0% |
| OPEN MORTGAGE, LLC | $890,000 | $1,480,000 | 66.3% | 0.0% |
| CANOPY MORTGAGE, LLC | $335,000 | $1,475,000 | 340.3% | 0.0% |
| First Savings Bank | $2,015,000 | $1,440,000 | -28.5% | 0.0% |
| SANTA CLARA COUNTY | $460,000 | $1,415,000 | 207.6% | 0.0% |
| PACIFIC SERVICE | $1,775,000 | $1,410,000 | -20.6% | 0.0% |
| Provident Credit Union | $1,520,000 | $1,395,000 | -8.2% | 0.0% |
| Ally Bank | $1,085,000 | $1,385,000 | 27.6% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,350,000 | n/a | 0.0% | |
| KEYPOINT | $715,000 | $1,280,000 | 79.0% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $1,270,000 | n/a | 0.0% | |
| Firefighters First Federal Credit Union | $825,000 | $1,265,000 | 53.3% | 0.0% |
| 21ST MORTGAGE CORPORATION | $1,160,000 | $1,205,000 | 3.9% | 0.0% |
| MK LENDING CORP. | $1,205,000 | n/a | 0.0% | |
| Northpointe Bank | $1,010,000 | $1,205,000 | 19.3% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $1,660,000 | $1,190,000 | -28.3% | 0.0% |
| LENDING 3, INC. | $305,000 | $1,155,000 | 278.7% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $2,100,000 | $1,140,000 | -45.7% | 0.0% |
| Magnolia Bank | $890,000 | $1,135,000 | 27.5% | 0.0% |
| 5TH STREET CAPITAL, INC. | $265,000 | $1,130,000 | 326.4% | 0.0% |
| PARKSIDE LENDING, LLC | $2,105,000 | $1,130,000 | -46.3% | 0.0% |
| Citizens Bank | $1,085,000 | $1,120,000 | 3.2% | 0.0% |
| Cornerstone First Mortgage, Inc | $295,000 | $1,120,000 | 279.7% | 0.0% |
| ANGEL OAK HOME LOANS LLC | $175,000 | $1,095,000 | 525.7% | 0.0% |
| HOMESTEAD FUNDING CORP. | $1,650,000 | $1,095,000 | -33.6% | 0.0% |
| TECHNOLOGY | $1,095,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $265,000 | $1,095,000 | 313.2% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $1,090,000 | n/a | 0.0% | |
| First National Bank of America | $490,000 | $1,085,000 | 121.4% | 0.0% |
| HighTechLending Inc | $1,255,000 | $1,080,000 | -13.9% | 0.0% |
| Operating Engineers Local Union #3 | $1,120,000 | $1,060,000 | -5.4% | 0.0% |
| BNC National Bank | $800,000 | $1,035,000 | 29.4% | 0.0% |
| First Federal Bank | $1,035,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $995,000 | $1,020,000 | 2.5% | 0.0% |
| HOME APPROVALS DIRECT, INC. | $1,185,000 | $1,010,000 | -14.8% | 0.0% |
| JMJ FINANCIAL GROUP | $1,640,000 | $995,000 | -39.3% | 0.0% |
| Discover Bank | $730,000 | $990,000 | 35.6% | 0.0% |
| NEW WAVE LENDING GROUP INC | $255,000 | $970,000 | 280.4% | 0.0% |
| TJC Mortgage, Inc. | $365,000 | $930,000 | 154.8% | 0.0% |
| WESTCOAST MORTGAGE GROUP AND REALTY COMPANY | $660,000 | $925,000 | 40.2% | 0.0% |
| PremierOne Credit Union | $765,000 | $905,000 | 18.3% | 0.0% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $420,000 | $905,000 | 115.5% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $545,000 | $895,000 | 64.2% | 0.0% |
| Truist Bank | $2,020,000 | $895,000 | -55.7% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $890,000 | n/a | 0.0% | |
| Manufacturers and Traders Trust Company | $725,000 | $880,000 | 21.4% | 0.0% |
| KBHS HOME LOANS, LLC | $360,000 | $860,000 | 138.9% | 0.0% |
| Luxury Mortgage Corp. | $845,000 | n/a | 0.0% | |
| PREMIER LENDING, INC. | $1,055,000 | $815,000 | -22.7% | 0.0% |
| Plains Commerce Bank | $315,000 | $805,000 | 155.6% | 0.0% |
| COASTAL FUNDING SLC, INC. | $800,000 | n/a | 0.0% | |
| GRANDE HOMES, INC. | $530,000 | $800,000 | 50.9% | 0.0% |
| S&S Financial | $730,000 | $800,000 | 9.6% | 0.0% |
| Neighborhood Loans, Inc. | $640,000 | $790,000 | 23.4% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $195,000 | $790,000 | 305.1% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,875,000 | $775,000 | -58.7% | 0.0% |
| CITIZENS EQUITY FIRST | $140,000 | $775,000 | 453.6% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $635,000 | $770,000 | 21.3% | 0.0% |
| SOUTH CENTRAL BANK, INC. | $765,000 | n/a | 0.0% | |
| The Huntington National Bank | $760,000 | n/a | 0.0% | |
| Figure Lending LLC | $515,000 | $755,000 | 46.6% | 0.0% |
| Arvest Bank | $750,000 | n/a | 0.0% | |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $740,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $405,000 | $740,000 | 82.7% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $725,000 | n/a | 0.0% | |
| Franklin Loan Corporation | $710,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $155,000 | $710,000 | 358.1% | 0.0% |
| KeyBank | $710,000 | n/a | 0.0% | |
| MERIWEST MORTGAGE COMPANY, LLC | $695,000 | n/a | 0.0% | |
| Home Mortgage Alliance Corp | $665,000 | n/a | 0.0% | |
| Financial Partners Credit Union | $660,000 | n/a | 0.0% | |
| Industrial and Commercial Bank of China USA | $660,000 | n/a | 0.0% | |
| EQUITY WAVE LENDING, INC. | $655,000 | n/a | 0.0% | |
| SUMMIT MORTGAGE BANKERS INC. | $305,000 | $650,000 | 113.1% | 0.0% |
| ALLIANT CREDIT UNION | $155,000 | $635,000 | 309.7% | 0.0% |
| WESTERN EXPRESS LENDING | $860,000 | $630,000 | -26.7% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $550,000 | $610,000 | 10.9% | 0.0% |
| SCHOOLSFIRST | $390,000 | $600,000 | 53.8% | 0.0% |
| THE POLICE Credit Union | $590,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $510,000 | $580,000 | 13.7% | 0.0% |
| MEGASTAR FINANCIAL CORP. | $535,000 | $580,000 | 8.4% | 0.0% |
| ONY GLO, INC. | $560,000 | n/a | 0.0% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $3,895,000 | $560,000 | -85.6% | 0.0% |
| Low VA Rates, LLC | $1,270,000 | $550,000 | -56.7% | 0.0% |
| MORIA DEVELOPMENT, INC. | $1,400,000 | $550,000 | -60.7% | 0.0% |
| R M K FINANCIAL CORP. | $915,000 | $550,000 | -39.9% | 0.0% |
| MORTGAGE 2000, INC. | $535,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $535,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $1,380,000 | $530,000 | -61.6% | 0.0% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $525,000 | n/a | 0.0% | |
| Cathay Bank | $520,000 | n/a | 0.0% | |
| COMMUNITY MORTGAGE FUNDING, LLC | $1,555,000 | $520,000 | -66.6% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $3,410,000 | $520,000 | -84.8% | 0.0% |
| NEXERA HOLDING LLC | $1,440,000 | $520,000 | -63.9% | 0.0% |
| Murphy Bank | $505,000 | n/a | 0.0% | |
| BEST CAPITAL FUNDING | $610,000 | $500,000 | -18.0% | 0.0% |
| CENTRAL COAST LENDING, INC. | $1,070,000 | $495,000 | -53.7% | 0.0% |
| LENDSURE MORTGAGE CORP. | $315,000 | $495,000 | 57.1% | 0.0% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $480,000 | n/a | 0.0% | |
| DIRECT MORTGAGE, CORP. | $215,000 | $480,000 | 123.3% | 0.0% |
| GoPrime Mortgage, Inc. | $420,000 | $445,000 | 6.0% | 0.0% |
| NATIONWIDE EQUITIES CORPORATION | $445,000 | n/a | 0.0% | |
| LOANLEADERS OF AMERICA, INC. | $1,490,000 | $430,000 | -71.1% | 0.0% |
| EMM LOANS LLC | $300,000 | $420,000 | 40.0% | 0.0% |
| EXCITE Credit Union | $550,000 | $420,000 | -23.6% | 0.0% |
| MID-VALLEY SERVICES, INC. | $835,000 | $420,000 | -49.7% | 0.0% |
| Alaska USA Federal Credit Union | $75,000 | $415,000 | 453.3% | 0.0% |
| First Bank | $410,000 | n/a | 0.0% | |
| ATHAS CAPITAL GROUP, INC. | $595,000 | $405,000 | -31.9% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $405,000 | n/a | 0.0% | |
| Lend Smart Mortgage, LLC | $405,000 | n/a | 0.0% | |
| MORTGAGEONE, INC. | $405,000 | n/a | 0.0% | |
| Colten Mortgage, LLC | $255,000 | $400,000 | 56.9% | 0.0% |
| NP, Inc. | $410,000 | $400,000 | -2.4% | 0.0% |
| REDWOOD | $390,000 | n/a | 0.0% | |
| INTERNATIONAL CITY MORTGAGE, INC. | $145,000 | $385,000 | 165.5% | 0.0% |
| UNITED SECURITY FINANCIAL CORP | $175,000 | $375,000 | 114.3% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $325,000 | $370,000 | 13.8% | 0.0% |
| AHL FUNDING | $2,540,000 | $365,000 | -85.6% | 0.0% |
| Austin Capital Bank SSB | $365,000 | n/a | 0.0% | |
| BECKAM FUNDING CORP. | $365,000 | n/a | 0.0% | |
| Community First National Bank | $985,000 | $355,000 | -64.0% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,425,000 | $355,000 | -75.1% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $1,285,000 | $350,000 | -72.8% | 0.0% |
| Ameris Bank | $215,000 | $345,000 | 60.5% | 0.0% |
| Bank of Stockton | $1,050,000 | $345,000 | -67.1% | 0.0% |
| BEST FINANCE CAPITAL, INC. | $335,000 | $345,000 | 3.0% | 0.0% |
| INTERCAP LENDING INC. | $275,000 | $345,000 | 25.5% | 0.0% |
| SAN FRANCISCO FEDERAL CREDIT UNION | $345,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $550,000 | $340,000 | -38.2% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $335,000 | n/a | 0.0% | |
| MERIWEST | $335,000 | n/a | 0.0% | |
| SAFE CREDIT UNION | $335,000 | n/a | 0.0% | |
| Bank of Utah | $325,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $1,390,000 | $325,000 | -76.6% | 0.0% |
| NFM, INC. | $825,000 | $325,000 | -60.6% | 0.0% |
| Stride Bank | $325,000 | n/a | 0.0% | |
| Constant Investments, Inc. | $225,000 | $320,000 | 42.2% | 0.0% |
| KELLER MORTGAGE, LLC | $320,000 | n/a | 0.0% | |
| CALIFORNIA CREDIT UNION | $55,000 | $315,000 | 472.7% | 0.0% |
| IVY MORTGAGE, INC. | $585,000 | $315,000 | -46.2% | 0.0% |
| LOGIX FEDERAL CREDIT UNION | $625,000 | $315,000 | -49.6% | 0.0% |
| SAN FRANCISCO FIRE CREDIT UNION | $315,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $250,000 | $315,000 | 26.0% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $310,000 | n/a | 0.0% | |
| Cf Bank | $1,425,000 | $305,000 | -78.6% | 0.0% |
| Kwik Mortgage Corporation | $335,000 | $305,000 | -9.0% | 0.0% |
| LOANSNAP, INC. | $265,000 | $305,000 | 15.1% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $275,000 | $300,000 | 9.1% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $450,000 | $295,000 | -34.4% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $800,000 | $295,000 | -63.1% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $455,000 | $285,000 | -37.4% | 0.0% |
| DIGITAL Federal Credit Union | $285,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $285,000 | n/a | 0.0% | |
| UNCLE Credit Union | $440,000 | $285,000 | -35.2% | 0.0% |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $510,000 | $275,000 | -46.1% | 0.0% |
| RMS & Associates | $125,000 | $275,000 | 120.0% | 0.0% |
| Carrollton Bank | $265,000 | n/a | 0.0% | |
| HomeStreet Bank | $85,000 | $265,000 | 211.8% | 0.0% |
| SRE MORTGAGE ALLIANCE INC. | $420,000 | $255,000 | -39.3% | 0.0% |
| TCF National Bank | $425,000 | $255,000 | -40.0% | 0.0% |
| Texana Bank | $255,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $540,000 | $255,000 | -52.8% | 0.0% |
| UNITED MORTGAGE CORP. | $155,000 | $255,000 | 64.5% | 0.0% |
| OAKTREE FUNDING CORP. | $245,000 | n/a | 0.0% | |
| Servion, Inc. | $570,000 | $245,000 | -57.0% | 0.0% |
| BM Real Estate Services, Inc. | $225,000 | $235,000 | 4.4% | 0.0% |
| Goldwater Bank, N.A. | $235,000 | n/a | 0.0% | |
| RANLIFE, INC. | $500,000 | $235,000 | -53.0% | 0.0% |
| VISION ONE MORTGAGE, INC. | $1,100,000 | $235,000 | -78.6% | 0.0% |
| CAMPOS FINANCIAL CORP. | $225,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $225,000 | n/a | 0.0% | |
| LENDERFI, INC. | $825,000 | $225,000 | -72.7% | 0.0% |
| Sound Community Bank | $225,000 | n/a | 0.0% | |
| DATA MORTGAGE, INC. | $1,085,000 | $215,000 | -80.2% | 0.0% |
| GEO-CORP, INC. | $215,000 | n/a | 0.0% | |
| Advisors Mortgage Group, L.L.C. | $205,000 | n/a | 0.0% | |
| CITYWIDE HOME LOANS, LLC | $1,750,000 | $205,000 | -88.3% | 0.0% |
| COAST 2 COAST FUNDING GROUP, INC. | $205,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $205,000 | n/a | 0.0% | |
| HomePromise Corporation | $205,000 | n/a | 0.0% | |
| UNIVERSITY CREDIT UNION | $205,000 | n/a | 0.0% | |
| SACRAMENTO Credit Union | $195,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,100,000 | $185,000 | -83.2% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $225,000 | $185,000 | -17.8% | 0.0% |
| FOUR POINTS | $580,000 | $175,000 | -69.8% | 0.0% |
| KINECTA | $325,000 | $165,000 | -49.2% | 0.0% |
| DEL SUR CORPORATION | $155,000 | n/a | 0.0% | |
| KD CAPITAL MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| TIAA, FSB | $270,000 | $155,000 | -42.6% | 0.0% |
| INFINITY EQUITY GROUP, INC. | $135,000 | n/a | 0.0% | |
| Willamette Valley Bank | $135,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $185,000 | $105,000 | -43.2% | 0.0% |
| Hometown Lenders, Inc. | $235,000 | $105,000 | -55.3% | 0.0% |
| JUSTICE Federal Credit Union | $65,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $35,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $195,000 | $25,000 | -87.2% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $95,000 | $25,000 | -73.7% | 0.0% |
| 1ST UNITED SERVICES CREDIT UNION | $15,000 | n/a | 0.0% |
MERCED's top lender by overall market share is QUICKEN LOANS, LLC, with 8.6% market share. In second place, with 7.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $238,160,000 in loans. In third place, with 3.5%, is FREEDOM MORTGAGE CORPORATION, having originated $109,575,000 in loans. In third place, with 3.5%, is DHI MORTGAGE COMPANY, LTD., having originated $107,950,000 in loans. In third place, with 3.4%, is AMERICAN FINANCIAL NETWORK, INC., having originated $106,835,000 in loans.
MERCED, CA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 4,277 | $1,148,755,000 | $268,589 |
| Home Purchase | 3,835 | $1,245,215,000 | $324,698 |
| Cash Out Refi | 2,764 | $695,780,000 | $251,729 |
| Home Improvement | 145 | $17,565,000 | $121,138 |
| Other | 131 | $17,125,000 | $130,725 |
| NA | 1 | $725,000 | $725,000 |
Merced's most frequently cited loan purpose was Refi, with 4,277 originations. The 2nd most popular reason was Home Purchase, with 3,835 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 4,367 | $1,241,415,000 | $284,272 |
| 3-4% | 4,292 | $1,304,480,000 | $303,933 |
| <2.5% | 1,839 | $436,925,000 | $237,588 |
| 4-5% | 292 | $79,010,000 | $270,582 |
| 5-6% | 59 | $10,135,000 | $171,780 |
| 6-7% | 28 | $5,530,000 | $197,500 |
| Over 8% | 26 | $3,030,000 | $116,538 |
| 7-8% | 21 | $3,365,000 | $160,238 |
During 2021, Merced's most frequently originated rate bucket was 2.5-3%, with 4,367 originations.
Loan Sizing (MERCED, CA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 7,152 | $2,064,540,000 | $288,666 |
| $100k-200k | 2,291 | $359,745,000 | $157,025 |
| $400k-600k | 1,039 | $475,135,000 | $457,300 |
| $100,000 or less | 612 | $31,340,000 | $51,209 |
| $600k-1000k | 37 | $25,995,000 | $702,568 |
| $Over $1MM | 22 | $168,410,000 | $7,655,000 |
MERCED's loan sizing saw the bucket of loans from $200k-400k with 7,152 originations, totaling $2,064,540,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 3,882 | $1,158,290,000 | $298,375 |
| 80-100% | 3,596 | $1,250,500,000 | $347,747 |
| 40-60% | 2,001 | $444,235,000 | $222,006 |
| 20-40% | 763 | $108,305,000 | $141,946 |
| Under 20% | 348 | $11,190,000 | $32,155 |
| Over 100% | 63 | $25,825,000 | $409,921 |
MERCED's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 3,882 originations, totaling $1,158,290,000 in origination value.
