MERCED Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Merced averaged
6.79%
for the week of 2023-12-07, compared to the national average of
7.03% for the same period.
The average rate for the prior week (2023-11-30) was
6.98% and
one month ago for the week of 2023-11-02, the
average rate was 7.52%.
Merced's average rate one year ago was 5.85%.
For refis of the same type during the week of 2023-12-07, the average rate
was 6.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-12-07 | 7.03% |
| Merced 30 Year Fixed Rate | 2023-12-07 | 6.79% |
| Merced 30 Year Fixed Rate Refi | 2023-12-07 | 6.07% |
| Merced 15 Year Fixed Rate | 2023-12-07 | 6.09% |
| Merced 15 Year Fixed Rate Refi | 2023-12-07 | 5.11% |
| Merced 30 Year FHA | 2023-12-07 | 6.29% |
| Merced 30 Year FHA Refi | 2023-12-07 | 6.72% |
| Merced 30 Year USDA | 2023-12-07 | 7.02% |
| Merced 30 Year USDA Refi | 2023-12-07 | 7.02% |
| Merced 30 Year VA | 2023-12-07 | 5.91% |
| Merced 30 Year VA Refi | 2023-12-07 | 6.34% |
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 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 202 lenders originated 4,964
loans during 2022. The total origination value was $1,499,080,000, with an average loan value of
$301,990.
MERCED's average closing costs are $6,104.
The top MERCED lender as defined by loan originations is QUICKEN LOANS, LLC, with
250 loans originated. Their average total fees are
$7,168, which is $675
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee MERCED lenders (with over 10 loans originated) are
EVERETT FINANCIAL, INC. ($2,441), Wells Fargo Bank ($3,924), JPMorgan Chase Bank ($4,222), Flagstar Bank, FSB ($4,538) and TRAVIS CREDIT UNION ($4,592).
The lowest rate MERCED lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (3.75%), THE GOLDEN 1 (3.85%), AMERISAVE MORTGAGE CORPORATION (4.02%), Bank of America (4.07%) and CARDINAL FINANCIAL (4.14%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $238,160,000 | $136,570,000 | -42.7% | 9.1% |
| QUICKEN LOANS, LLC | $269,070,000 | $115,540,000 | -57.1% | 7.7% |
| DHI MORTGAGE COMPANY, LTD. | $107,950,000 | $95,630,000 | -11.4% | 6.4% |
| LOANDEPOT.COM, LLC | $103,275,000 | $70,475,000 | -31.8% | 4.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $86,860,000 | $43,385,000 | -50.1% | 2.9% |
| Paramount Residential Mortgage Group, Inc. | $19,865,000 | $32,250,000 | 62.3% | 2.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $80,275,000 | $31,785,000 | -60.4% | 2.1% |
| Wells Fargo Bank | $68,455,000 | $30,105,000 | -56.0% | 2.0% |
| ENVOY MORTGAGE, LTD | $54,710,000 | $25,670,000 | -53.1% | 1.7% |
| SUMMIT FUNDING, INC. | $55,300,000 | $25,130,000 | -54.6% | 1.7% |
| HOME POINT FINANCIAL CORPORATION | $57,475,000 | $24,395,000 | -57.6% | 1.6% |
| FREEDOM MORTGAGE CORPORATION | $109,575,000 | $23,085,000 | -78.9% | 1.5% |
| SCENIC OAKS FUNDING, INC. | $51,115,000 | $22,860,000 | -55.3% | 1.5% |
| MERCED SCHOOL EMPLOYEES FEDERAL CREDIT UNION | $22,500,000 | $22,310,000 | -0.8% | 1.5% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $29,865,000 | $21,555,000 | -27.8% | 1.4% |
| CALIBER HOME LOANS, INC. | $52,900,000 | $21,315,000 | -59.7% | 1.4% |
| INSPIRE HOME LOANS INC. | $19,540,000 | $20,595,000 | 5.4% | 1.4% |
| Mechanics Bank | $10,115,000 | $18,795,000 | 85.8% | 1.3% |
| PENNYMAC LOAN SERVICES, LLC | $42,985,000 | $18,755,000 | -56.4% | 1.3% |
| RESIDENTIAL BANCORP. | $24,105,000 | $16,535,000 | -31.4% | 1.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $47,135,000 | $16,045,000 | -66.0% | 1.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $17,910,000 | $15,360,000 | -14.2% | 1.0% |
| Bank of America | $20,030,000 | $14,470,000 | -27.8% | 1.0% |
| U.S. Bank | $16,370,000 | $14,190,000 | -13.3% | 0.9% |
| JPMorgan Chase Bank | $49,015,000 | $14,155,000 | -71.1% | 0.9% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $90,290,000 | $13,275,000 | -85.3% | 0.9% |
| ACADEMY MORTGAGE CORPORATION | $27,975,000 | $12,795,000 | -54.3% | 0.9% |
| PLAZA HOME MORTGAGE, INC. | $14,570,000 | $12,310,000 | -15.5% | 0.8% |
| K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. | $8,035,000 | $12,275,000 | 52.8% | 0.8% |
| GUILD MORTGAGE COMPANY | $22,100,000 | $12,035,000 | -45.5% | 0.8% |
| TRAVIS CREDIT UNION | $18,995,000 | $11,955,000 | -37.1% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $30,705,000 | $11,670,000 | -62.0% | 0.8% |
| EAGLE HOME MORTGAGE, LLC | $42,945,000 | $11,620,000 | -72.9% | 0.8% |
| Mortgage Research Center, LLC | $18,745,000 | $10,850,000 | -42.1% | 0.7% |
| Commerce Home Mortgage, Inc. | $13,575,000 | $10,310,000 | -24.1% | 0.7% |
| LAND HOME FINANCIAL SERVICES, INC. | $32,655,000 | $10,160,000 | -68.9% | 0.7% |
| Bank of the West | $9,175,000 | $10,150,000 | 10.6% | 0.7% |
| FINANCE OF AMERICA MORTGAGE LLC | $31,450,000 | $9,955,000 | -68.3% | 0.7% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $19,730,000 | $9,535,000 | -51.7% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $28,220,000 | $9,500,000 | -66.3% | 0.6% |
| Lend Smart Mortgage, LLC | $405,000 | $9,260,000 | 2,186.4% | 0.6% |
| SUN WEST MORTGAGE COMPANY, INC. | $13,440,000 | $9,075,000 | -32.5% | 0.6% |
| GUARANTEED RATE, INC. | $15,945,000 | $7,675,000 | -51.9% | 0.5% |
| EVERETT FINANCIAL, INC. | $3,005,000 | $7,570,000 | 151.9% | 0.5% |
| PNC Bank | $48,095,000 | $7,435,000 | -84.5% | 0.5% |
| ALAMEDA MORTGAGE CORPORATION | $26,210,000 | $7,320,000 | -72.1% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $3,170,000 | $7,275,000 | 129.5% | 0.5% |
| LOANPAL, LLC | $9,380,000 | $7,025,000 | -25.1% | 0.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $28,465,000 | $6,920,000 | -75.7% | 0.5% |
| BROKER SOLUTIONS, INC. | $22,470,000 | $6,815,000 | -69.7% | 0.5% |
| Umpqua Bank | $3,720,000 | $6,535,000 | 75.7% | 0.4% |
| MOUNTAIN WEST FINANCIAL, INC. | $14,650,000 | $6,510,000 | -55.6% | 0.4% |
| Flagstar Bank, FSB | $14,600,000 | $6,465,000 | -55.7% | 0.4% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $17,605,000 | $6,385,000 | -63.7% | 0.4% |
| Banner Bank | $5,935,000 | n/a | 0.4% | |
| Educational Employees Credit Union | $4,400,000 | $5,875,000 | 33.5% | 0.4% |
| Farmers & Merchants Bank of Central California | $11,310,000 | $5,830,000 | -48.5% | 0.4% |
| LENDINGHOME FUNDING CORPORATION | $2,150,000 | $5,785,000 | 169.1% | 0.4% |
| Amerifirst Financial, Inc. | $12,100,000 | $5,775,000 | -52.3% | 0.4% |
| AMWEST FUNDING CORP. | $8,830,000 | $5,735,000 | -35.1% | 0.4% |
| S1L, Inc. | $11,620,000 | $5,585,000 | -51.9% | 0.4% |
| Tri Counties Bank | $5,375,000 | $5,510,000 | 2.5% | 0.4% |
| THE GOLDEN 1 | $8,005,000 | $5,180,000 | -35.3% | 0.3% |
| Golden Empire Mortgage, Inc. | $11,750,000 | $5,060,000 | -56.9% | 0.3% |
| Northpointe Bank | $1,205,000 | $4,985,000 | 313.7% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $10,025,000 | $4,955,000 | -50.6% | 0.3% |
| Carrington Mortgage Services, LLC | $8,915,000 | $4,805,000 | -46.1% | 0.3% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $5,695,000 | $4,725,000 | -17.0% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $10,440,000 | $4,600,000 | -55.9% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $5,695,000 | $4,575,000 | -19.7% | 0.3% |
| PLANET HOME LENDING, LLC | $7,750,000 | $4,485,000 | -42.1% | 0.3% |
| NEWREZ LLC | $21,220,000 | $4,100,000 | -80.7% | 0.3% |
| Hometown Equity Mortgage, LLC | $7,820,000 | $3,925,000 | -49.8% | 0.3% |
| CMG MORTGAGE, INC. | $7,130,000 | $3,860,000 | -45.9% | 0.3% |
| NATIONS DIRECT MORTGAGE, LLC | $3,870,000 | $3,800,000 | -1.8% | 0.3% |
| Citibank | $9,085,000 | $3,470,000 | -61.8% | 0.2% |
| NETWORK CAPITAL FUNDING CORPORATION | $7,525,000 | $3,470,000 | -53.9% | 0.2% |
| Self-Help Federal Credit Union | $7,825,000 | $3,405,000 | -56.5% | 0.2% |
| STEARNS LENDING, LLC | $14,025,000 | $3,140,000 | -77.6% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $1,645,000 | $2,965,000 | 80.2% | 0.2% |
| Lakeview Community Capital, LLC | $7,075,000 | $2,905,000 | -58.9% | 0.2% |
| NMSI, INC. | $2,300,000 | $2,900,000 | 26.1% | 0.2% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $8,215,000 | $2,875,000 | -65.0% | 0.2% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $6,195,000 | $2,835,000 | -54.2% | 0.2% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $13,785,000 | $2,820,000 | -79.5% | 0.2% |
| BETTER MORTGAGE CORPORATION | $17,700,000 | $2,780,000 | -84.3% | 0.2% |
| MLD MORTGAGE INC. | $7,680,000 | $2,745,000 | -64.3% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $2,880,000 | $2,670,000 | -7.3% | 0.2% |
| The Federal Savings Bank | $4,065,000 | $2,590,000 | -36.3% | 0.2% |
| Equity Prime Mortgage LLC | $6,450,000 | $2,570,000 | -60.2% | 0.2% |
| KeyBank | $710,000 | $2,565,000 | 261.3% | 0.2% |
| STAR ONE CREDIT UNION | $2,015,000 | $2,550,000 | 26.6% | 0.2% |
| SPRING EQ, LLC | $315,000 | $2,510,000 | 696.8% | 0.2% |
| Nations Lending Corporation | $7,240,000 | $2,490,000 | -65.6% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $2,425,000 | n/a | 0.2% | |
| MERCO Credit Union | $7,235,000 | $2,415,000 | -66.6% | 0.2% |
| AMERICAN ADVISORS GROUP | $4,330,000 | $2,240,000 | -48.3% | 0.1% |
| First Savings Bank | $1,440,000 | $2,235,000 | 55.2% | 0.1% |
| PHH Mortgage Corporation | $4,750,000 | $2,230,000 | -53.1% | 0.1% |
| Prosperity Home Mortgage, LLC | $5,160,000 | $2,145,000 | -58.4% | 0.1% |
| LADERA LENDING, INC. | $6,235,000 | $2,130,000 | -65.8% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $3,810,000 | $2,115,000 | -44.5% | 0.1% |
| NEXERA HOLDING LLC | $520,000 | $2,085,000 | 301.0% | 0.1% |
| BAY EQUITY LLC | $3,410,000 | $2,060,000 | -39.6% | 0.1% |
| General Mortgage Capital Corporation | $8,645,000 | $2,040,000 | -76.4% | 0.1% |
| FBC MORTGAGE, LLC | $4,845,000 | $2,030,000 | -58.1% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $890,000 | $2,025,000 | 127.5% | 0.1% |
| UNION HOME MORTGAGE CORP. | $5,765,000 | $2,025,000 | -64.9% | 0.1% |
| Ally Bank | $1,385,000 | $2,010,000 | 45.1% | 0.1% |
| SCHOOLSFIRST | $600,000 | $1,975,000 | 229.2% | 0.1% |
| Luther Burbank Savings | $1,665,000 | $1,905,000 | 14.4% | 0.1% |
| Strong Home Mortgage, LLC | $3,935,000 | $1,890,000 | -52.0% | 0.1% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,350,000 | $1,840,000 | 36.3% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,020,000 | $1,840,000 | 80.4% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $3,415,000 | $1,815,000 | -46.9% | 0.1% |
| Bank of Stockton | $345,000 | $1,745,000 | 405.8% | 0.1% |
| OCMBC, INC. | $1,915,000 | $1,680,000 | -12.3% | 0.1% |
| BAY | $1,785,000 | $1,670,000 | -6.4% | 0.1% |
| Discover Bank | $990,000 | $1,650,000 | 66.7% | 0.1% |
| Citadel Servicing Corporation | $3,725,000 | $1,630,000 | -56.2% | 0.1% |
| MUFG Union Bank | $10,455,000 | $1,615,000 | -84.6% | 0.1% |
| PATELCO | $3,980,000 | $1,605,000 | -59.7% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,140,000 | $1,570,000 | 37.7% | 0.1% |
| Figure Lending LLC | $755,000 | $1,560,000 | 106.6% | 0.1% |
| MK LENDING CORP. | $1,205,000 | $1,545,000 | 28.2% | 0.1% |
| NexBank | $1,540,000 | n/a | 0.1% | |
| SANTA CLARA COUNTY | $1,415,000 | $1,485,000 | 4.9% | 0.1% |
| 5TH STREET CAPITAL, INC. | $1,130,000 | $1,465,000 | 29.6% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $405,000 | $1,440,000 | 255.6% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,725,000 | $1,420,000 | -17.7% | 0.1% |
| INTELLILOAN, INC. | $2,055,000 | $1,375,000 | -33.1% | 0.1% |
| Greenbox Loans, Inc. | $2,050,000 | $1,330,000 | -35.1% | 0.1% |
| Chicago Mortgage Solutions LLC | $1,325,000 | n/a | 0.1% | |
| Platinum Home Mortgage Corporation | $3,555,000 | $1,315,000 | -63.0% | 0.1% |
| GOOGAIN, INC. | $5,680,000 | $1,250,000 | -78.0% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $285,000 | $1,235,000 | 333.3% | 0.1% |
| Arvest Bank | $750,000 | $1,225,000 | 63.3% | 0.1% |
| Fremont Bank | $8,820,000 | $1,220,000 | -86.2% | 0.1% |
| First National Bank of America | $1,085,000 | $1,170,000 | 7.8% | 0.1% |
| Zions Bancorporation, N.A. | $1,160,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $775,000 | $1,155,000 | 49.0% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $9,950,000 | $1,155,000 | -88.4% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,205,000 | $1,150,000 | -4.6% | 0.1% |
| TJC Mortgage, Inc. | $930,000 | $1,145,000 | 23.1% | 0.1% |
| PremierOne Credit Union | $905,000 | $1,135,000 | 25.4% | 0.1% |
| CALIFORNIA CREDIT UNION | $315,000 | $1,115,000 | 254.0% | 0.1% |
| Morgan Stanley Private Bank | $1,105,000 | n/a | 0.1% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $560,000 | $1,095,000 | 95.5% | 0.1% |
| COUNTRY CLUB MORTGAGE, INC. | $2,920,000 | $1,085,000 | -62.8% | 0.1% |
| LANTZMAN MANAGEMENT, INC. | $1,080,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $6,225,000 | $1,060,000 | -83.0% | 0.1% |
| EMBRACE HOME LOANS, INC. | $325,000 | $1,055,000 | 224.6% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $1,510,000 | $1,050,000 | -30.5% | 0.1% |
| Valley First Credit Union | $3,735,000 | $1,025,000 | -72.6% | 0.1% |
| FIRST TECHNOLOGY | $985,000 | n/a | 0.1% | |
| PREMIER LENDING, INC. | $815,000 | $965,000 | 18.4% | 0.1% |
| North American Savings Bank, F.S.B. | $4,760,000 | $955,000 | -79.9% | 0.1% |
| First Bank | $410,000 | $940,000 | 129.3% | 0.1% |
| STANFORD Federal Credit Union | $1,955,000 | $940,000 | -51.9% | 0.1% |
| VERITAS FUNDING, LLC | $915,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $25,000 | $905,000 | 3,520.0% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $2,630,000 | $895,000 | -66.0% | 0.1% |
| Axos Bank | $1,915,000 | $860,000 | -55.1% | 0.1% |
| ANGEL OAK HOME LOANS LLC | $1,095,000 | $845,000 | -22.8% | 0.1% |
| AMERIFIRST FINANCIAL CORPORATION | $820,000 | n/a | 0.1% | |
| PACIFIC SERVICE | $1,410,000 | $795,000 | -43.6% | 0.1% |
| United Fidelity Funding Corp. | $790,000 | n/a | 0.1% | |
| Magnolia Bank | $1,135,000 | $780,000 | -31.3% | 0.1% |
| WALL FINANCIAL, INC. | $780,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $2,435,000 | $765,000 | -68.6% | 0.1% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $295,000 | $750,000 | 154.2% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $735,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $2,210,000 | $730,000 | -67.0% | 0.0% |
| Provident Credit Union | $1,395,000 | $725,000 | -48.0% | 0.0% |
| Franklin Loan Corporation | $710,000 | $720,000 | 1.4% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $295,000 | $720,000 | 144.1% | 0.0% |
| ATHAS CAPITAL GROUP, INC. | $405,000 | $690,000 | 70.4% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $5,810,000 | $680,000 | -88.3% | 0.0% |
| NBKC BANK | $3,230,000 | $670,000 | -79.3% | 0.0% |
| Sunflower Bank | $650,000 | n/a | 0.0% | |
| FirstBank | $3,055,000 | $640,000 | -79.1% | 0.0% |
| MERIWEST MORTGAGE COMPANY, LLC | $695,000 | $640,000 | -7.9% | 0.0% |
| OPEN MORTGAGE, LLC | $1,480,000 | $630,000 | -57.4% | 0.0% |
| HOME APPROVALS DIRECT, INC. | $1,010,000 | $620,000 | -38.6% | 0.0% |
| THE POLICE Credit Union | $590,000 | $620,000 | 5.1% | 0.0% |
| M&T Bank | $880,000 | $605,000 | -31.3% | 0.0% |
| NFM, INC. | $325,000 | $605,000 | 86.2% | 0.0% |
| Ameris Bank | $345,000 | $580,000 | 68.1% | 0.0% |
| MORIA DEVELOPMENT, INC. | $550,000 | $565,000 | 2.7% | 0.0% |
| Plains Commerce Bank | $805,000 | $565,000 | -29.8% | 0.0% |
| TOWNE MORTGAGE COMPANY | $255,000 | $565,000 | 121.6% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $550,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $550,000 | n/a | 0.0% | |
| NEW WAVE LENDING GROUP INC | $970,000 | $540,000 | -44.3% | 0.0% |
| CLEARPATH LENDING | $4,085,000 | $525,000 | -87.1% | 0.0% |
| MORTGAGEONE, INC. | $405,000 | $525,000 | 29.6% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $770,000 | $525,000 | -31.8% | 0.0% |
| USAA Federal Savings Bank | $3,950,000 | $525,000 | -86.7% | 0.0% |
| ZILLOW HOME LOANS, LLC | $2,860,000 | $510,000 | -82.2% | 0.0% |
| SOFI LENDING CORP. | $1,765,000 | $500,000 | -71.7% | 0.0% |
| Low VA Rates, LLC | $550,000 | $495,000 | -10.0% | 0.0% |
| DATA MORTGAGE, INC. | $215,000 | $485,000 | 125.6% | 0.0% |
| SAN DIEGO COUNTY CREDIT UNION | $485,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $2,790,000 | $480,000 | -82.8% | 0.0% |
| Merchants Mortgage & Trust Corporation | $450,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $445,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $580,000 | $425,000 | -26.7% | 0.0% |
| Provident Savings Bank, F.S.B. | $425,000 | n/a | 0.0% | |
| Truist | $895,000 | $425,000 | -52.5% | 0.0% |
| VALLEY STRONG CREDIT UNION | $420,000 | n/a | 0.0% | |
| PREMIER AMERICA | $415,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $2,470,000 | $400,000 | -83.8% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $340,000 | $400,000 | 17.6% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $395,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $395,000 | n/a | 0.0% | |
| FRONTWAVE | $395,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $395,000 | n/a | 0.0% | |
| FIRST U.S. COMMUNITY CREDIT UNION | $390,000 | n/a | 0.0% | |
| AHL FUNDING | $365,000 | $385,000 | 5.5% | 0.0% |
| CITIZENS EQUITY FIRST | $775,000 | $385,000 | -50.3% | 0.0% |
| EXCITE Credit Union | $420,000 | $385,000 | -8.3% | 0.0% |
| Prime Choice Funding Inc. | $2,390,000 | $385,000 | -83.9% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $310,000 | $385,000 | 24.2% | 0.0% |
| PREMIA MORTGAGE, LLC | $375,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $1,475,000 | $365,000 | -75.3% | 0.0% |
| Citizens Bank | $1,120,000 | $365,000 | -67.4% | 0.0% |
| LOANLEADERS OF AMERICA, INC. | $430,000 | $365,000 | -15.1% | 0.0% |
| BECKAM FUNDING CORP. | $365,000 | $355,000 | -2.7% | 0.0% |
| BNC National Bank | $1,035,000 | $355,000 | -65.7% | 0.0% |
| BRIDGELOCK CAPITAL | $355,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $355,000 | n/a | 0.0% | |
| Sierra Lending Corporation | $355,000 | n/a | 0.0% | |
| FidelityLending Solutions Inc. dba Wholesale Mortgage Bankers | $345,000 | n/a | 0.0% | |
| ISERVE RESIDENTIAL LENDING, LLC | $345,000 | n/a | 0.0% | |
| Semper Home Loans, Inc. | $345,000 | n/a | 0.0% | |
| CIVIC FINANCIAL SERVICES, LLC | $1,270,000 | $335,000 | -73.6% | 0.0% |
| MICHIGAN MUTUAL, INC. | $1,530,000 | $335,000 | -78.1% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $3,850,000 | $330,000 | -91.4% | 0.0% |
| CommonWealth Central Credit Union | $330,000 | n/a | 0.0% | |
| MID-VALLEY SERVICES, INC. | $420,000 | $330,000 | -21.4% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $520,000 | $320,000 | -38.5% | 0.0% |
| A&D Mortgage LLC | $315,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $725,000 | $315,000 | -56.6% | 0.0% |
| Cathay Bank | $520,000 | $315,000 | -39.4% | 0.0% |
| BANC ONE MORTGAGE CORPORATION | $305,000 | n/a | 0.0% | |
| DIRECTIONS EQUITY, LLC | $305,000 | n/a | 0.0% | |
| MEMBER FIRST MORTGAGE, LLC | $305,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $305,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $3,735,000 | $295,000 | -92.1% | 0.0% |
| OAKTREE FUNDING CORP. | $245,000 | $295,000 | 20.4% | 0.0% |
| BEST CAPITAL FUNDING | $500,000 | $290,000 | -42.0% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $1,095,000 | $290,000 | -73.5% | 0.0% |
| AMCAP MORTGAGE, LTD. | $285,000 | n/a | 0.0% | |
| Cf Bank | $305,000 | $285,000 | -6.6% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $285,000 | n/a | 0.0% | |
| GOLDEN WEST ALLIANCE, INC. | $285,000 | n/a | 0.0% | |
| 1ST UNITED SERVICES CREDIT UNION | $15,000 | $280,000 | 1,766.7% | 0.0% |
| HOMESTEAD FUNDING CORP. | $1,095,000 | $275,000 | -74.9% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $275,000 | n/a | 0.0% | |
| MACKILLIE INCORPORATED | $275,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $1,190,000 | $275,000 | -76.9% | 0.0% |
| RMS & Associates | $275,000 | $275,000 | 0.0% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $205,000 | $265,000 | 29.3% | 0.0% |
| First-Citizens Bank & Trust Company | $255,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $1,090,000 | $255,000 | -76.6% | 0.0% |
| R M K FINANCIAL CORP. | $550,000 | $255,000 | -53.6% | 0.0% |
| Town Square Mortgage & Investments, Inc. | $255,000 | n/a | 0.0% | |
| ALL REVERSE MORTGAGE, INC. | $245,000 | n/a | 0.0% | |
| HighTechLending Inc | $1,080,000 | $245,000 | -77.3% | 0.0% |
| KEYPOINT | $1,280,000 | $245,000 | -80.9% | 0.0% |
| Citizens Business Bank | $2,265,000 | $235,000 | -89.6% | 0.0% |
| MEGASTAR FINANCIAL CORP. | $580,000 | $235,000 | -59.5% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $205,000 | $225,000 | 9.8% | 0.0% |
| Republic Bank & Trust Company | $225,000 | n/a | 0.0% | |
| Comerica Bank | $220,000 | n/a | 0.0% | |
| COMMUNITY MORTGAGE FUNDING, LLC | $520,000 | $215,000 | -58.7% | 0.0% |
| GENEVA FINANCIAL, LLC | $530,000 | $215,000 | -59.4% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $215,000 | n/a | 0.0% | |
| Industrial and Commercial Bank of China USA | $660,000 | $215,000 | -67.4% | 0.0% |
| MIDWEST LOAN SOLUTIONS, INC. | $215,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $790,000 | $215,000 | -72.8% | 0.0% |
| DEL SUR CORPORATION | $155,000 | $205,000 | 32.3% | 0.0% |
| GTE Federal Credit Union | $205,000 | n/a | 0.0% | |
| IMPAC MORTGAGE CORP. | $4,455,000 | $205,000 | -95.4% | 0.0% |
| KELLER MORTGAGE, LLC | $320,000 | $205,000 | -35.9% | 0.0% |
| NATIONWIDE EQUITIES CORPORATION | $445,000 | $195,000 | -56.2% | 0.0% |
| T. J. FINANCIAL, INC. | $195,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $285,000 | $190,000 | -33.3% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $335,000 | $185,000 | -44.8% | 0.0% |
| Cornerstone First Mortgage, Inc | $1,120,000 | $175,000 | -84.4% | 0.0% |
| FAY SERVICING, LLC | $175,000 | n/a | 0.0% | |
| Firefighters First Federal Credit Union | $1,265,000 | $155,000 | -87.7% | 0.0% |
| MERIWEST | $335,000 | $155,000 | -53.7% | 0.0% |
| REDWOOD | $390,000 | $150,000 | -61.5% | 0.0% |
| CITYWIDE HOME LOANS, LLC | $205,000 | $145,000 | -29.3% | 0.0% |
| TECHNOLOGY | $1,095,000 | $130,000 | -88.1% | 0.0% |
| Northwest Farm Credit Services, FLCA | $2,345,000 | $125,000 | -94.7% | 0.0% |
| SAN FRANCISCO FIRE CREDIT UNION | $315,000 | $125,000 | -60.3% | 0.0% |
| San Joaquin Power Employees Credit Union | $115,000 | n/a | 0.0% | |
| San Mateo Credit Union | $2,055,000 | $90,000 | -95.6% | 0.0% |
| Operating Engineers Local Union #3 | $1,060,000 | $85,000 | -92.0% | 0.0% |
| ADVANTIS | $75,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $75,000 | n/a | 0.0% | |
| CHEVRON | $75,000 | n/a | 0.0% | |
| HomeTrust Bank | $75,000 | n/a | 0.0% | |
| SAFE CREDIT UNION | $335,000 | $65,000 | -80.6% | 0.0% |
| F&A Federal Credit Union | $55,000 | n/a | 0.0% | |
| BMO Harris Bank | $45,000 | n/a | 0.0% | |
| LOGIX FEDERAL CREDIT UNION | $315,000 | $45,000 | -85.7% | 0.0% |
| Noble Federal Credit Union | $35,000 | n/a | 0.0% |
MERCED's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 9.1% market share. In second place, with 7.7%, is QUICKEN LOANS, LLC, having originated $115,540,000 in loans. In third place, with 6.4%, is DHI MORTGAGE COMPANY, LTD., having originated $95,630,000 in loans. In fourth place, with 4.7%, is LOANDEPOT.COM, LLC, having originated $70,475,000 in loans. In fifth place, with 2.9%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $43,385,000 in loans.
MERCED, CA Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 93610 | Merced, CA | $850 | $850 | $1,110 | $1,580 | $1,730 |
| 93620 | Merced, CA | $790 | $820 | $1,040 | $1,490 | $1,730 |
| 93622 | Merced, CA | $790 | $800 | $1,040 | $1,490 | $1,670 |
| 93635 | Merced, CA | $920 | $1,090 | $1,340 | $1,900 | $2,290 |
| 93661 | Merced, CA | $770 | $910 | $1,120 | $1,590 | $1,920 |
| 93665 | Merced, CA | $700 | $820 | $1,010 | $1,440 | $1,730 |
| 95301 | Merced, CA | $720 | $860 | $1,050 | $1,490 | $1,800 |
| 95303 | Merced, CA | $810 | $970 | $1,190 | $1,690 | $2,040 |
| 95312 | Merced, CA | $660 | $800 | $970 | $1,380 | $1,670 |
| 95315 | Merced, CA | $870 | $1,040 | $1,270 | $1,800 | $2,170 |
| 95316 | Merced, CA | $920 | $980 | $1,230 | $1,730 | $2,030 |
| 95317 | Merced, CA | $670 | $800 | $980 | $1,390 | $1,680 |
| 95322 | Merced, CA | $810 | $890 | $1,110 | $1,560 | $1,830 |
| 95324 | Merced, CA | $900 | $1,080 | $1,320 | $1,880 | $2,260 |
| 95333 | Merced, CA | $720 | $860 | $1,060 | $1,510 | $1,810 |
| 95334 | Merced, CA | $770 | $910 | $1,120 | $1,590 | $1,920 |
| 95340 | Merced, CA | $800 | $950 | $1,170 | $1,660 | $2,000 |
| 95341 | Merced, CA | $730 | $870 | $1,070 | $1,520 | $1,830 |
| 95343 | Merced, CA | $770 | $910 | $1,120 | $1,590 | $1,920 |
| 95344 | Merced, CA | $770 | $910 | $1,120 | $1,590 | $1,920 |
| 95348 | Merced, CA | $860 | $1,030 | $1,260 | $1,790 | $2,160 |
| 95360 | Merced, CA | $880 | $950 | $1,180 | $1,660 | $1,950 |
| 95365 | Merced, CA | $660 | $800 | $970 | $1,380 | $1,670 |
| 95369 | Merced, CA | $870 | $1,040 | $1,270 | $1,800 | $2,170 |
| 95374 | Merced, CA | $750 | $900 | $1,100 | $1,560 | $1,880 |
| 95380 | Merced, CA | $860 | $920 | $1,150 | $1,620 | $1,900 |
| 95388 | Merced, CA | $660 | $800 | $970 | $1,380 | $1,670 |
2022 Average & Median Rent Data Statistics
MERCED, CA average 1BR rent: $910, median: $910
MERCED, CA average 2BR rent: $1,124, median: $1,120
MERCED, CA average 3BR rent: $1,595, median: $1,590
MERCED, CA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,571 | $927,595,000 | $360,792 |
| Cash Out Refi | 1,386 | $379,510,000 | $273,817 |
| Refi | 508 | $135,230,000 | $266,201 |
| Home Improvement | 258 | $29,310,000 | $113,605 |
| Other | 237 | $26,355,000 | $111,203 |
| NA | 4 | $1,080,000 | $270,000 |
Merced's most frequently cited loan purpose was Home Purchase, with 2,571 originations. The 2nd most popular reason was Cash Out Refi, with 1,386 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,275 | $404,165,000 | $316,992 |
| 4-5% | 1,239 | $401,225,000 | $323,830 |
| 5-6% | 1,011 | $342,315,000 | $338,591 |
| 6-7% | 432 | $125,980,000 | $291,620 |
| 2.5-3% | 353 | $105,835,000 | $299,816 |
| <2.5% | 190 | $30,510,000 | $160,579 |
| 7-8% | 158 | $35,570,000 | $225,127 |
| Over 8% | 136 | $20,780,000 | $152,794 |
During 2022, Merced's most frequently originated rate bucket was 3-4%, with 1,275 originations.
Loan Sizing (MERCED, CA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,701 | $829,395,000 | $307,070 |
| $400k-600k | 973 | $449,235,000 | $461,701 |
| $100k-200k | 707 | $107,315,000 | $151,789 |
| $100,000 or less | 500 | $26,340,000 | $52,680 |
| $600k-1000k | 71 | $47,385,000 | $667,394 |
| $Over $1MM | 12 | $39,410,000 | $3,284,167 |
MERCED's loan sizing saw the bucket of loans from $200k-400k with 2,701 originations, totaling $829,395,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,861 | $714,955,000 | $384,178 |
| 60-80% | 1,584 | $523,460,000 | $330,467 |
| 40-60% | 576 | $140,740,000 | $244,340 |
| Under 20% | 433 | $23,745,000 | $54,838 |
| 20-40% | 398 | $60,070,000 | $150,930 |
| Over 100% | 29 | $13,655,000 | $470,862 |
MERCED's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,861 originations, totaling $714,955,000 in origination value.