MERCED Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Merced averaged
6.93%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
7.03% and
one month ago for the week of 2025-05-29, the
average rate was 6.75%.
Merced's average rate one year ago was 7.02%.
For refis of the same type during the week of 2025-07-03, the average rate
was 7.13%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Merced 30 Year Fixed Rate | 2025-07-03 | 6.93% |
| Merced 30 Year Fixed Rate Refi | 2025-07-03 | 7.13% |
| Merced 15 Year Fixed Rate | 2025-07-03 | 5.7% |
| Merced 15 Year Fixed Rate Refi | 2025-07-03 | 6% |
| Merced 30 Year FHA | 2025-07-03 | -0.49% |
| Merced 30 Year FHA Refi | 2025-07-03 | -0.2% |
| Merced 30 Year USDA | 2025-07-03 | 0.2% |
| Merced 30 Year USDA Refi | 2025-07-03 | -0.2% |
| Merced 30 Year VA | 2025-07-03 | 0.18% |
| Merced 30 Year VA Refi | 2025-07-03 | -0.1% |
MERCED Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, 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 Average Closing Costs & Other Stats
MERCED, CA's 145 lenders originated 3,421
loans during 2024. The total origination value was $996,175,000, with an average loan value of
$291,194.
MERCED's average closing costs are $6,753.
The top MERCED lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
182 loans originated. Their average total fees are
$9,747, which is $1,175
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee MERCED lenders (with over 10 loans originated) are
U.S. Bank ($3,793), DHI MORTGAGE COMPANY, LTD. ($4,793), INSPIRE HOME LOANS INC. ($5,126), Flagstar Bank, FSB ($5,799) and JPMorgan Chase Bank ($7,605).
The lowest rate MERCED lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.79%), LOANDEPOT.COM, LLC (6.36%), INSPIRE HOME LOANS INC. (6.40%), S1L, Inc. (6.42%) and AMERICAN PACIFIC MORTGAGE CORPORATION (6.44%).
MERCED, CA Mortgage 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $131,890,000 | $153,025,000 | 16.0% | 15.4% |
| DHI MORTGAGE COMPANY, LTD. | $59,845,000 | $76,240,000 | 27.4% | 7.7% |
| QUICKEN LOANS, LLC | $56,890,000 | $63,735,000 | 12.0% | 6.4% |
| LEADERONE FINANCIAL CORPORATION | $3,315,000 | $40,795,000 | 1,130.6% | 4.1% |
| JPMorgan Chase Bank | $11,115,000 | $29,100,000 | 161.8% | 2.9% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $18,635,000 | $27,110,000 | 45.5% | 2.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $20,775,000 | $23,320,000 | 12.3% | 2.3% |
| Century Mortgage Company DBA Century Lending Company | $17,405,000 | $21,075,000 | 21.1% | 2.1% |
| INSPIRE HOME LOANS INC. | $15,325,000 | $20,205,000 | 31.8% | 2.0% |
| GUILD MORTGAGE COMPANY | $7,455,000 | $18,330,000 | 145.9% | 1.8% |
| GUARANTEED RATE, INC. | $6,705,000 | $17,840,000 | 166.1% | 1.8% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $13,040,000 | $15,365,000 | 17.8% | 1.5% |
| LOANDEPOT.COM, LLC | $30,850,000 | $14,605,000 | -52.7% | 1.5% |
| Performance Financial, Inc. | $1,570,000 | $14,595,000 | 829.6% | 1.5% |
| Golden Empire Mortgage, Inc. | $19,945,000 | $13,315,000 | -33.2% | 1.3% |
| MERCED SCHOOL EMPLOYEES FEDERAL CREDIT UNION | $14,435,000 | $12,305,000 | -14.8% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $5,175,000 | $11,955,000 | 131.0% | 1.2% |
| OCMBC, INC. | $7,135,000 | $11,790,000 | 65.2% | 1.2% |
| Sierra Pacific Mortgage Company, Inc. | $7,505,000 | $11,670,000 | 55.5% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $10,220,000 | $10,620,000 | 3.9% | 1.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $4,870,000 | $9,580,000 | 96.7% | 1.0% |
| Paramount Residential Mortgage Group, Inc. | $5,815,000 | $8,790,000 | 51.2% | 0.9% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $4,110,000 | $8,550,000 | 108.0% | 0.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,825,000 | $8,460,000 | 75.3% | 0.8% |
| Mortgage Research Center, LLC | $4,030,000 | $8,090,000 | 100.7% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $3,610,000 | $7,800,000 | 116.1% | 0.8% |
| NEXERA HOLDING LLC | $2,420,000 | $7,280,000 | 200.8% | 0.7% |
| LENDINGHOME FUNDING CORPORATION | $2,805,000 | $7,170,000 | 155.6% | 0.7% |
| PNC Bank | $6,355,000 | $7,080,000 | 11.4% | 0.7% |
| S1L, Inc. | $3,915,000 | $6,890,000 | 76.0% | 0.7% |
| Bank of America | $9,110,000 | $6,850,000 | -24.8% | 0.7% |
| PLAZA HOME MORTGAGE, INC. | $5,520,000 | $6,770,000 | 22.6% | 0.7% |
| SCENIC OAKS FUNDING, INC. | $10,725,000 | $6,725,000 | -37.3% | 0.7% |
| The Loan Store, Inc. | $1,450,000 | $6,575,000 | 353.4% | 0.7% |
| BROKER SOLUTIONS, INC. | $2,005,000 | $6,390,000 | 218.7% | 0.6% |
| Equity Prime Mortgage LLC | $1,575,000 | $5,945,000 | 277.5% | 0.6% |
| U.S. Bank | $4,455,000 | $5,785,000 | 29.9% | 0.6% |
| MORTGAGEONE, INC. | $395,000 | $5,530,000 | 1,300.0% | 0.6% |
| Flagstar Bank, FSB | $18,205,000 | $5,235,000 | -71.2% | 0.5% |
| First Foundation Bank | $4,905,000 | n/a | 0.5% | |
| CARDINAL FINANCIAL | $8,725,000 | $4,650,000 | -46.7% | 0.5% |
| THE GOLDEN 1 | $2,840,000 | $4,585,000 | 61.4% | 0.5% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $710,000 | $4,480,000 | 531.0% | 0.4% |
| Umpqua Bank | $470,000 | $4,450,000 | 846.8% | 0.4% |
| TRAVIS CREDIT UNION | $5,965,000 | $4,440,000 | -25.6% | 0.4% |
| Northpointe Bank | $3,260,000 | $4,280,000 | 31.3% | 0.4% |
| BMO Harris Bank | $1,750,000 | $4,270,000 | 144.0% | 0.4% |
| NEWREZ LLC | $3,535,000 | $4,270,000 | 20.8% | 0.4% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $3,195,000 | $4,045,000 | 26.6% | 0.4% |
| SUN WEST MORTGAGE COMPANY, INC. | $3,760,000 | $3,895,000 | 3.6% | 0.4% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,620,000 | $3,840,000 | 46.6% | 0.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $39,650,000 | $3,600,000 | -90.9% | 0.4% |
| Self-Help Federal Credit Union | $1,485,000 | $3,510,000 | 136.4% | 0.4% |
| Wells Fargo Bank | $6,085,000 | $3,485,000 | -42.7% | 0.3% |
| Educational Employees Credit Union | $5,090,000 | $3,440,000 | -32.4% | 0.3% |
| ALAMEDA MORTGAGE CORPORATION | $5,290,000 | $3,390,000 | -35.9% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $945,000 | $3,235,000 | 242.3% | 0.3% |
| AMWEST FUNDING CORP. | $2,750,000 | $3,115,000 | 13.3% | 0.3% |
| Figure Lending LLC | $1,225,000 | $3,090,000 | 152.2% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,375,000 | $2,870,000 | 20.8% | 0.3% |
| Franklin Loan Corporation | $305,000 | $2,845,000 | 832.8% | 0.3% |
| Citadel Servicing Corporation | $2,565,000 | $2,725,000 | 6.2% | 0.3% |
| First National Bank of America | $2,530,000 | $2,590,000 | 2.4% | 0.3% |
| Commerce Home Mortgage, Inc. | $1,855,000 | $2,430,000 | 31.0% | 0.2% |
| RESIDENTIAL BANCORP | $11,245,000 | $2,295,000 | -79.6% | 0.2% |
| 21ST MORTGAGE CORPORATION | $1,590,000 | $2,280,000 | 43.4% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $1,010,000 | $2,240,000 | 121.8% | 0.2% |
| BAY | $805,000 | $2,165,000 | 168.9% | 0.2% |
| GOOGAIN, INC. | $225,000 | $2,140,000 | 851.1% | 0.2% |
| Hometown Equity Mortgage, LLC | $1,355,000 | $2,090,000 | 54.2% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $875,000 | $2,090,000 | 138.9% | 0.2% |
| Discover Bank | $1,825,000 | $2,035,000 | 11.5% | 0.2% |
| AMERITRUST MORTGAGE CORPORATION | $2,025,000 | n/a | 0.2% | |
| NATIONS DIRECT MORTGAGE, LLC | $1,080,000 | $2,015,000 | 86.6% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,320,000 | $1,995,000 | 51.1% | 0.2% |
| CMG MORTGAGE, INC. | $1,920,000 | $1,885,000 | -1.8% | 0.2% |
| MICHIGAN MUTUAL, INC. | $1,880,000 | n/a | 0.2% | |
| Prosperity Home Mortgage, LLC | $3,210,000 | $1,875,000 | -41.6% | 0.2% |
| SAFE CREDIT UNION | $1,855,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $635,000 | $1,830,000 | 188.2% | 0.2% |
| BAY-VALLEY MORTGAGE GROUP | $1,025,000 | $1,805,000 | 76.1% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $840,000 | $1,800,000 | 114.3% | 0.2% |
| SANTA CLARA COUNTY | $740,000 | $1,785,000 | 141.2% | 0.2% |
| LOANPAL, LLC | $565,000 | $1,745,000 | 208.8% | 0.2% |
| BETTER MORTGAGE CORPORATION | $1,210,000 | $1,735,000 | 43.4% | 0.2% |
| ENVOY MORTGAGE, LTD | $12,250,000 | $1,710,000 | -86.0% | 0.2% |
| ML Mortgage Corp. | $1,705,000 | n/a | 0.2% | |
| SUMMIT FUNDING, INC. | $9,640,000 | $1,690,000 | -82.5% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $455,000 | $1,685,000 | 270.3% | 0.2% |
| Mechanics Bank | $1,480,000 | $1,670,000 | 12.8% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,005,000 | $1,545,000 | 53.7% | 0.2% |
| Merchants Mortgage & Trust Corporation | $205,000 | $1,505,000 | 634.1% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $1,490,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $1,430,000 | $1,490,000 | 4.2% | 0.1% |
| Coastal Community Bank | $815,000 | $1,430,000 | 75.5% | 0.1% |
| AHL FUNDING | $355,000 | $1,425,000 | 301.4% | 0.1% |
| Citibank | $600,000 | $1,390,000 | 131.7% | 0.1% |
| INTERNATIONAL CITY MORTGAGE, INC. | $1,365,000 | n/a | 0.1% | |
| MERCO Credit Union | $1,080,000 | $1,355,000 | 25.5% | 0.1% |
| PHH Mortgage Corporation | $255,000 | $1,345,000 | 427.5% | 0.1% |
| NEW DAY FINANCIAL, LLC | $590,000 | $1,335,000 | 126.3% | 0.1% |
| EVERETT FINANCIAL, INC. | $3,445,000 | $1,320,000 | -61.7% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $265,000 | $1,310,000 | 394.3% | 0.1% |
| First-Citizens Bank & Trust Company | $555,000 | $1,305,000 | 135.1% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $420,000 | $1,295,000 | 208.3% | 0.1% |
| Tri Counties Bank | $4,610,000 | $1,295,000 | -71.9% | 0.1% |
| CLEARPATH LENDING | $480,000 | $1,260,000 | 162.5% | 0.1% |
| Cornerstone First Mortgage, Inc | $470,000 | $1,245,000 | 164.9% | 0.1% |
| PATELCO | $830,000 | $1,235,000 | 48.8% | 0.1% |
| The Federal Savings Bank | $365,000 | $1,235,000 | 238.4% | 0.1% |
| Fremont Bank | $270,000 | $1,210,000 | 348.1% | 0.1% |
| Nations Lending Corporation | $335,000 | $1,185,000 | 253.7% | 0.1% |
| STANFORD Federal Credit Union | $245,000 | $1,185,000 | 383.7% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $760,000 | $1,115,000 | 46.7% | 0.1% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $1,370,000 | $1,115,000 | -18.6% | 0.1% |
| Home Mortgage Alliance Corp | $1,105,000 | n/a | 0.1% | |
| Northwest Farm Credit Services, FLCA | $1,065,000 | $1,105,000 | 3.8% | 0.1% |
| SPRING EQ, LLC | $485,000 | $1,070,000 | 120.6% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $75,000 | $1,065,000 | 1,320.0% | 0.1% |
| Greenbox Loans, Inc. | $1,325,000 | $1,035,000 | -21.9% | 0.1% |
| LENDSURE MORTGAGE CORP. | $185,000 | $1,035,000 | 459.5% | 0.1% |
| Lakeview Community Capital, LLC | $1,085,000 | $1,015,000 | -6.5% | 0.1% |
| Ally Bank | $345,000 | $990,000 | 187.0% | 0.1% |
| NP, Inc. | $760,000 | $990,000 | 30.3% | 0.1% |
| GENEVA FINANCIAL, LLC | $365,000 | $985,000 | 169.9% | 0.1% |
| NEW WAVE LENDING GROUP INC | $985,000 | n/a | 0.1% | |
| DIRECTIONS EQUITY, LLC | $485,000 | $975,000 | 101.0% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $505,000 | $960,000 | 90.1% | 0.1% |
| UNION HOME MORTGAGE CORP. | $955,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $1,230,000 | $920,000 | -25.2% | 0.1% |
| Farmers & Merchants Bank of Central California | $5,050,000 | $905,000 | -82.1% | 0.1% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,450,000 | $900,000 | -37.9% | 0.1% |
| JMAC LENDING, INC. | $245,000 | $890,000 | 263.3% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $1,330,000 | $885,000 | -33.5% | 0.1% |
| GoPrime Mortgage, Inc. | $870,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $485,000 | $860,000 | 77.3% | 0.1% |
| Carrington Mortgage Services, LLC | $1,020,000 | $855,000 | -16.2% | 0.1% |
| NexBank | $395,000 | $830,000 | 110.1% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $685,000 | $815,000 | 19.0% | 0.1% |
| AmeriHome Mortgage Company, LLC | $255,000 | $770,000 | 202.0% | 0.1% |
| San Joaquin Power Employees Credit Union | $760,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $425,000 | $740,000 | 74.1% | 0.1% |
| INTELLILOAN, INC. | $155,000 | $730,000 | 371.0% | 0.1% |
| 5TH STREET CAPITAL, INC. | $720,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $685,000 | n/a | 0.1% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $890,000 | $680,000 | -23.6% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $675,000 | n/a | 0.1% | |
| MOUNTAIN WEST FINANCIAL, INC. | $1,265,000 | $670,000 | -47.0% | 0.1% |
| Magnolia Bank | $175,000 | $665,000 | 280.0% | 0.1% |
| STAR ONE CREDIT UNION | $1,370,000 | $660,000 | -51.8% | 0.1% |
| Zions Bank | $105,000 | $640,000 | 509.5% | 0.1% |
| Luxury Mortgage Corp. | $635,000 | n/a | 0.1% | |
| NMSI, INC. | $1,025,000 | $620,000 | -39.5% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $600,000 | n/a | 0.1% | |
| BM Real Estate Services, Inc. | $600,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $325,000 | $595,000 | 83.1% | 0.1% |
| General Mortgage Capital Corporation | $580,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $575,000 | n/a | 0.1% | |
| FUNDLOANS CAPITAL | $565,000 | n/a | 0.1% | |
| PACIFIC SERVICE | $305,000 | $565,000 | 85.2% | 0.1% |
| MK LENDING CORP. | $600,000 | $550,000 | -8.3% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,045,000 | $550,000 | -47.4% | 0.1% |
| Regions Bank | $550,000 | n/a | 0.1% | |
| NBKC BANK | $530,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $85,000 | $525,000 | 517.6% | 0.1% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $215,000 | $505,000 | 134.9% | 0.1% |
| Golden Bank | $800,000 | $505,000 | -36.9% | 0.1% |
| KINECTA | $120,000 | $500,000 | 316.7% | 0.1% |
| HomePromise Corporation | $495,000 | n/a | 0.0% | |
| Logan Finance Corporation | $495,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $285,000 | $490,000 | 71.9% | 0.0% |
| FIRST TECHNOLOGY | $95,000 | $485,000 | 410.5% | 0.0% |
| TECHNOLOGY | $480,000 | n/a | 0.0% | |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $475,000 | n/a | 0.0% | |
| Noble Federal Credit Union | $465,000 | n/a | 0.0% | |
| NAVY FEDERAL CREDIT UNION | $2,545,000 | $460,000 | -81.9% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $425,000 | $460,000 | 8.2% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $455,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $155,000 | $450,000 | 190.3% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $435,000 | $435,000 | 0.0% | 0.0% |
| TruHome Solutions, LLC | $455,000 | $435,000 | -4.4% | 0.0% |
| ALTITUDE FINANCIAL CORPORATION | $415,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $900,000 | $415,000 | -53.9% | 0.0% |
| OAKTREE FUNDING CORP. | $625,000 | $415,000 | -33.6% | 0.0% |
| LANTZMAN MANAGEMENT, INC. | $535,000 | $410,000 | -23.4% | 0.0% |
| CommonWealth Central Credit Union | $55,000 | $395,000 | 618.2% | 0.0% |
| IVY MORTGAGE, INC. | $395,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $1,965,000 | $395,000 | -79.9% | 0.0% |
| USAA Federal Savings Bank | $395,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $395,000 | n/a | 0.0% | |
| FOUNDATION MORTGAGE CORPORATION | $385,000 | n/a | 0.0% | |
| Quontic Bank | $375,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $370,000 | n/a | 0.0% | |
| Summit Mortgage Corporation | $370,000 | n/a | 0.0% | |
| MID-VALLEY SERVICES, INC. | $205,000 | $360,000 | 75.6% | 0.0% |
| Provident Credit Union | $920,000 | $360,000 | -60.9% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $360,000 | n/a | 0.0% | |
| FidelityLending Solutions Inc. dba Wholesale Mortgage Bankers | $355,000 | n/a | 0.0% | |
| SCHOOLSFIRST | $110,000 | $355,000 | 222.7% | 0.0% |
| Truist | $160,000 | $345,000 | 115.6% | 0.0% |
| Vellum Mortgage, Inc. | $345,000 | n/a | 0.0% | |
| PROPER RATE, LLC | $340,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $975,000 | $325,000 | -66.7% | 0.0% |
| UNCLE Credit Union | $165,000 | $315,000 | 90.9% | 0.0% |
| Charles Schwab Bank, SSB | $295,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $295,000 | n/a | 0.0% | |
| First Federal Bank | $295,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $165,000 | $285,000 | 72.7% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $270,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $265,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $255,000 | n/a | 0.0% | |
| Ameris Bank | $245,000 | n/a | 0.0% | |
| BECKAM FUNDING CORP. | $385,000 | $245,000 | -36.4% | 0.0% |
| Bank of Stockton | $525,000 | $235,000 | -55.2% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $190,000 | $230,000 | 21.1% | 0.0% |
| HomeTrust Bank | $105,000 | $205,000 | 95.2% | 0.0% |
| San Mateo Credit Union | $195,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $185,000 | n/a | 0.0% | |
| Connexus Credit Union | $175,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $225,000 | $170,000 | -24.4% | 0.0% |
| VAL-CHRIS INVESTMENTS, INC. | $1,530,000 | $170,000 | -88.9% | 0.0% |
| Raymond James Bank | $165,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $155,000 | n/a | 0.0% | |
| MERIWEST | $100,000 | $155,000 | 55.0% | 0.0% |
| FIRST U.S. COMMUNITY CREDIT UNION | $135,000 | n/a | 0.0% | |
| United States Senate Federal Credit Union | $125,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $510,000 | $110,000 | -78.4% | 0.0% |
| GTE Federal Credit Union | $55,000 | $105,000 | 90.9% | 0.0% |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| Financial Partners Credit Union | $65,000 | n/a | 0.0% | |
| Comerica Bank | $35,000 | n/a | 0.0% |
MERCED's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 15.4% market share. In second place, with 7.7%, is DHI MORTGAGE COMPANY, LTD., having originated $76,240,000 in loans. In third place, with 6.4%, is QUICKEN LOANS, LLC, having originated $63,735,000 in loans. In fourth place, with 4.1%, is LEADERONE FINANCIAL CORPORATION, having originated $40,795,000 in loans. In fifth place, with 2.9%, is JPMorgan Chase Bank, having originated $29,100,000 in loans.
MERCED, CA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,069 | $734,575,000 | $355,039 |
| Cash Out Refi | 542 | $129,500,000 | $238,930 |
| Other | 309 | $26,565,000 | $85,971 |
| Refi | 276 | $83,530,000 | $302,645 |
| Home Improvement | 223 | $21,595,000 | $96,839 |
| NA | 2 | $410,000 | $205,000 |
Merced's most frequently cited loan purpose was Home Purchase, with 2,069 originations. The 2nd most popular reason was Cash Out Refi, with 542 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,306 | $461,100,000 | $353,063 |
| 5-6% | 647 | $248,045,000 | $383,377 |
| Over 8% | 636 | $91,690,000 | $144,167 |
| 7-8% | 523 | $153,135,000 | $292,801 |
| <2.5% | 122 | $2,420,000 | $19,836 |
| 4-5% | 58 | $24,240,000 | $417,931 |
| 3-4% | 2 | $550,000 | $275,000 |
During 2024, Merced's most frequently originated rate bucket was 6-7%, with 1,306 originations.
Loan Sizing (MERCED, CA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,462 | $462,220,000 | $316,156 |
| $400k-600k | 829 | $383,985,000 | $463,191 |
| $100,000 or less | 672 | $34,230,000 | $50,938 |
| $100k-200k | 388 | $54,440,000 | $140,309 |
| $600k-1000k | 61 | $42,505,000 | $696,803 |
| $Over $1MM | 9 | $18,795,000 | $2,088,333 |
MERCED's loan sizing saw the bucket of loans from $200k-400k with 1,462 originations, totaling $462,220,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,484 | $592,430,000 | $399,212 |
| 60-80% | 674 | $233,720,000 | $346,766 |
| Under 20% | 622 | $31,990,000 | $51,431 |
| 20-40% | 302 | $39,980,000 | $132,384 |
| 40-60% | 258 | $71,110,000 | $275,620 |
| Over 100% | 23 | $9,305,000 | $404,565 |
MERCED's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,484 originations, totaling $592,430,000 in origination value.