MODESTO Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Modesto averaged
6.94%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.47% and
one month ago for the week of 2024-10-03, the
average rate was 6.17%.
Modesto's average rate one year ago was 7.91%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.3%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Modesto 30 Year Fixed Rate | 2024-11-07 | 6.94% |
| Modesto 30 Year Fixed Rate Refi | 2024-11-07 | 7.3% |
| Modesto 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Modesto 15 Year Fixed Rate Refi | 2024-11-07 | 5.9% |
| Modesto 30 Year FHA | 2024-11-07 | 6.29% |
| Modesto 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Modesto 30 Year USDA | 2024-11-07 | 6.58% |
| Modesto 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Modesto 30 Year VA | 2024-11-07 | 6.39% |
| Modesto 30 Year VA Refi | 2024-11-07 | 6.24% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MODESTO, CA.
MODESTO 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 MODESTO, 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.).
MODESTO Average Closing Costs & Other Stats
MODESTO, CA's 189 lenders originated 6,008
loans during 2023. The total origination value was $1,963,300,000, with an average loan value of
$326,781.
MODESTO's average closing costs are $6,347.
The top MODESTO lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
384 loans originated. Their average total fees are
$9,593, which is $1,553
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee MODESTO lenders (with over 10 loans originated) are
THE GOLDEN 1 ($4,000), DHI MORTGAGE COMPANY, LTD. ($4,426), Wells Fargo Bank ($4,444), Bank of America ($5,052) and BMO Harris Bank ($5,509).
The lowest rate MODESTO lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.17%), Northpointe Bank (5.87%), K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (6.00%), KBHS HOME LOANS, LLC (6.06%) and Valley First Credit Union (6.07%).
MODESTO, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $371,390,000 | $262,655,000 | -29.3% | 13.4% |
| QUICKEN LOANS, LLC | $284,640,000 | $157,985,000 | -44.5% | 8.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $189,180,000 | $96,935,000 | -48.8% | 4.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $157,935,000 | $88,835,000 | -43.8% | 4.5% |
| JPMorgan Chase Bank | $66,655,000 | $55,410,000 | -16.9% | 2.8% |
| Century Mortgage Company DBA Century Lending Company | $14,420,000 | $55,130,000 | 282.3% | 2.8% |
| ACADEMY MORTGAGE CORPORATION | $73,305,000 | $51,940,000 | -29.1% | 2.6% |
| SCENIC OAKS FUNDING, INC. | $100,530,000 | $51,665,000 | -48.6% | 2.6% |
| KBHS HOME LOANS, LLC | $39,720,000 | $48,390,000 | 21.8% | 2.5% |
| LOANDEPOT.COM, LLC | $98,440,000 | $40,285,000 | -59.1% | 2.1% |
| WALKER & DUNLOP, LLC | $17,300,000 | $34,720,000 | 100.7% | 1.8% |
| Northpointe Bank | $14,170,000 | $33,580,000 | 137.0% | 1.7% |
| S1L, Inc. | $59,370,000 | $33,255,000 | -44.0% | 1.7% |
| Wells Fargo Bank | $59,015,000 | $31,350,000 | -46.9% | 1.6% |
| East West Bank | $2,475,000 | $30,005,000 | 1,112.3% | 1.5% |
| Bank of America | $39,320,000 | $26,975,000 | -31.4% | 1.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $24,505,000 | n/a | 1.2% | |
| CARDINAL FINANCIAL | $10,320,000 | $23,200,000 | 124.8% | 1.2% |
| GUARANTEED RATE, INC. | $20,130,000 | $21,645,000 | 7.5% | 1.1% |
| DHI MORTGAGE COMPANY, LTD. | $26,125,000 | $21,500,000 | -17.7% | 1.1% |
| U.S. Bank | $42,955,000 | $19,865,000 | -53.8% | 1.0% |
| SUMMIT FUNDING, INC. | $41,900,000 | $19,565,000 | -53.3% | 1.0% |
| Paramount Residential Mortgage Group, Inc. | $23,110,000 | $19,430,000 | -15.9% | 1.0% |
| Mortgage Research Center, LLC | $26,165,000 | $18,475,000 | -29.4% | 0.9% |
| Citibank | $2,050,000 | $18,230,000 | 789.3% | 0.9% |
| RESIDENTIAL BANCORP | $21,890,000 | $17,740,000 | -19.0% | 0.9% |
| Farmers & Merchants Bank of Central California | $30,905,000 | $17,160,000 | -44.5% | 0.9% |
| PNC Bank | $22,320,000 | $16,955,000 | -24.0% | 0.9% |
| ENVOY MORTGAGE, LTD | $27,285,000 | $16,950,000 | -37.9% | 0.9% |
| Golden Empire Mortgage, Inc. | $23,190,000 | $16,255,000 | -29.9% | 0.8% |
| Sierra Pacific Mortgage Company, Inc. | $10,425,000 | $15,395,000 | 47.7% | 0.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $56,645,000 | $14,285,000 | -74.8% | 0.7% |
| THE GOLDEN 1 | $21,000,000 | $14,125,000 | -32.7% | 0.7% |
| BMO Harris Bank | $1,175,000 | $14,000,000 | 1,091.5% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $47,640,000 | $13,680,000 | -71.3% | 0.7% |
| Commerce Home Mortgage, Inc. | $26,270,000 | $11,900,000 | -54.7% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $38,380,000 | $11,685,000 | -69.6% | 0.6% |
| BROKER SOLUTIONS, INC. | $20,625,000 | $11,085,000 | -46.3% | 0.6% |
| GUILD MORTGAGE COMPANY | $22,290,000 | $10,765,000 | -51.7% | 0.5% |
| K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. | $17,435,000 | $10,245,000 | -41.2% | 0.5% |
| ALAMEDA MORTGAGE CORPORATION | $12,810,000 | $9,715,000 | -24.2% | 0.5% |
| LENDINGHOME FUNDING CORPORATION | $17,975,000 | $9,345,000 | -48.0% | 0.5% |
| Valley First Credit Union | $20,085,000 | $9,295,000 | -53.7% | 0.5% |
| OCMBC, INC. | $6,235,000 | $9,095,000 | 45.9% | 0.5% |
| Bank of Stockton | $4,100,000 | $8,155,000 | 98.9% | 0.4% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $21,815,000 | $8,070,000 | -63.0% | 0.4% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $32,395,000 | $7,480,000 | -76.9% | 0.4% |
| LAND HOME FINANCIAL SERVICES, INC. | $9,480,000 | $7,220,000 | -23.8% | 0.4% |
| Flagstar Bank, FSB | $22,465,000 | $7,160,000 | -68.1% | 0.4% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $16,230,000 | $7,145,000 | -56.0% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $42,280,000 | $6,960,000 | -83.5% | 0.4% |
| Citadel Servicing Corporation | $9,050,000 | $6,945,000 | -23.3% | 0.4% |
| MLD MORTGAGE INC. | $6,195,000 | $6,595,000 | 6.5% | 0.3% |
| DIRECTIONS EQUITY, LLC | $11,415,000 | $6,340,000 | -44.5% | 0.3% |
| Figure Lending LLC | $4,990,000 | $6,005,000 | 20.3% | 0.3% |
| NEWREZ LLC | $17,745,000 | $5,945,000 | -66.5% | 0.3% |
| EVERETT FINANCIAL, INC. | $21,350,000 | $5,925,000 | -72.2% | 0.3% |
| Discover Bank | $3,460,000 | $5,890,000 | 70.2% | 0.3% |
| The Loan Store, Inc. | $5,845,000 | n/a | 0.3% | |
| SUN WEST MORTGAGE COMPANY, INC. | $13,455,000 | $5,730,000 | -57.4% | 0.3% |
| CMG MORTGAGE, INC. | $13,675,000 | $5,570,000 | -59.3% | 0.3% |
| Self-Help Federal Credit Union | $3,250,000 | $5,560,000 | 71.1% | 0.3% |
| Hometown Equity Mortgage, LLC | $3,625,000 | $5,415,000 | 49.4% | 0.3% |
| Umpqua Bank | $12,630,000 | $5,060,000 | -59.9% | 0.3% |
| NATIONS DIRECT MORTGAGE, LLC | $9,880,000 | $4,885,000 | -50.6% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $12,245,000 | $4,785,000 | -60.9% | 0.2% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $8,285,000 | $4,510,000 | -45.6% | 0.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $2,170,000 | $4,400,000 | 102.8% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $3,815,000 | $4,300,000 | 12.7% | 0.2% |
| NEXERA HOLDING LLC | $3,845,000 | $4,275,000 | 11.2% | 0.2% |
| STAR ONE CREDIT UNION | $5,330,000 | $4,220,000 | -20.8% | 0.2% |
| Greenbox Loans, Inc. | $1,915,000 | $4,135,000 | 115.9% | 0.2% |
| LIMA ONE CAPITAL, LLC | $4,050,000 | n/a | 0.2% | |
| SAFE CREDIT UNION | $625,000 | $3,960,000 | 533.6% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $26,630,000 | $3,765,000 | -85.9% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $3,205,000 | $3,725,000 | 16.2% | 0.2% |
| NFM, INC. | $8,360,000 | $3,710,000 | -55.6% | 0.2% |
| Performance Financial, Inc. | $3,675,000 | n/a | 0.2% | |
| LENDSURE MORTGAGE CORP. | $1,535,000 | $3,620,000 | 135.8% | 0.2% |
| First National Bank of America | $2,470,000 | $3,610,000 | 46.2% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $3,235,000 | $3,500,000 | 8.2% | 0.2% |
| Fremont Bank | $7,965,000 | $3,500,000 | -56.1% | 0.2% |
| 21ST MORTGAGE CORPORATION | $4,150,000 | $3,495,000 | -15.8% | 0.2% |
| Equity Prime Mortgage LLC | $6,550,000 | $3,360,000 | -48.7% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $5,580,000 | $3,315,000 | -40.6% | 0.2% |
| Carrington Mortgage Services, LLC | $7,805,000 | $3,285,000 | -57.9% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $2,655,000 | $3,220,000 | 21.3% | 0.2% |
| Tri Counties Bank | $20,930,000 | $3,175,000 | -84.8% | 0.2% |
| PATELCO | $5,485,000 | $3,130,000 | -42.9% | 0.2% |
| ALLIANT CREDIT UNION | $3,660,000 | $3,105,000 | -15.2% | 0.2% |
| FBC MORTGAGE, LLC | $8,995,000 | $3,070,000 | -65.9% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $5,910,000 | $2,800,000 | -52.6% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $2,885,000 | $2,705,000 | -6.2% | 0.1% |
| ON Q FINANCIAL, INC. | $2,500,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $3,830,000 | $2,475,000 | -35.4% | 0.1% |
| BETTER MORTGAGE CORPORATION | $11,620,000 | $2,385,000 | -79.5% | 0.1% |
| ARC HOME LLC | $2,415,000 | $2,300,000 | -4.8% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $7,575,000 | $2,290,000 | -69.8% | 0.1% |
| NEW WAVE LENDING GROUP INC | $1,335,000 | $2,285,000 | 71.2% | 0.1% |
| First Republic Bank | $7,700,000 | $2,245,000 | -70.8% | 0.1% |
| SNAPFI, INC. | $2,710,000 | $2,235,000 | -17.5% | 0.1% |
| ZILLOW HOME LOANS, LLC | $2,190,000 | $2,165,000 | -1.1% | 0.1% |
| ML Mortgage Corp. | $910,000 | $2,140,000 | 135.2% | 0.1% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $7,915,000 | $2,115,000 | -73.3% | 0.1% |
| MOCSE Federal Credit Union | $2,415,000 | $2,110,000 | -12.6% | 0.1% |
| AMWEST FUNDING CORP. | $6,135,000 | $2,060,000 | -66.4% | 0.1% |
| SCHOOLSFIRST | $1,670,000 | $2,060,000 | 23.4% | 0.1% |
| SPRING EQ, LLC | $9,650,000 | $2,055,000 | -78.7% | 0.1% |
| Educational Employees Credit Union | $1,430,000 | $1,990,000 | 39.2% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,980,000 | $1,980,000 | 0.0% | 0.1% |
| Quontic Bank | $1,690,000 | $1,980,000 | 17.2% | 0.1% |
| VAL-CHRIS INVESTMENTS, INC. | $1,980,000 | n/a | 0.1% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $9,045,000 | $1,960,000 | -78.3% | 0.1% |
| Prosperity Home Mortgage, LLC | $795,000 | $1,935,000 | 143.4% | 0.1% |
| AXIA FINANCIAL, LLC | $1,505,000 | $1,895,000 | 25.9% | 0.1% |
| TOWNE MORTGAGE COMPANY | $1,870,000 | n/a | 0.1% | |
| Coastal Community Bank | $1,855,000 | n/a | 0.1% | |
| A&D Mortgage LLC | $1,225,000 | $1,840,000 | 50.2% | 0.1% |
| BAY EQUITY LLC | $4,400,000 | $1,830,000 | -58.4% | 0.1% |
| PHH Mortgage Corporation | $11,415,000 | $1,810,000 | -84.1% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $315,000 | $1,710,000 | 442.9% | 0.1% |
| PLANET HOME LENDING, LLC | $8,375,000 | $1,695,000 | -79.8% | 0.1% |
| TRAVIS CREDIT UNION | $2,935,000 | $1,670,000 | -43.1% | 0.1% |
| NMSI, INC. | $3,280,000 | $1,660,000 | -49.4% | 0.1% |
| Morgan Stanley Private Bank | $5,655,000 | $1,630,000 | -71.2% | 0.1% |
| Franklin Loan Corporation | $365,000 | $1,620,000 | 343.8% | 0.1% |
| NP, Inc. | $690,000 | $1,600,000 | 131.9% | 0.1% |
| THE POLICE Credit Union | $455,000 | $1,565,000 | 244.0% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $1,560,000 | n/a | 0.1% | |
| LOANPAL, LLC | $3,930,000 | $1,540,000 | -60.8% | 0.1% |
| City National Bank | $550,000 | $1,535,000 | 179.1% | 0.1% |
| Bank of the West | $55,775,000 | $1,525,000 | -97.3% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $2,335,000 | $1,510,000 | -35.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $620,000 | $1,505,000 | 142.7% | 0.1% |
| Cornerstone First Mortgage, Inc | $435,000 | $1,495,000 | 243.7% | 0.1% |
| Provident Credit Union | $2,685,000 | $1,485,000 | -44.7% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $1,805,000 | $1,485,000 | -17.7% | 0.1% |
| AMERITRUST MORTGAGE CORPORATION | $1,465,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $3,305,000 | $1,450,000 | -56.1% | 0.1% |
| Plains Commerce Bank | $910,000 | $1,420,000 | 56.0% | 0.1% |
| Ameris Bank | $1,520,000 | $1,385,000 | -8.9% | 0.1% |
| AHL FUNDING | $1,075,000 | $1,365,000 | 27.0% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $6,160,000 | $1,325,000 | -78.5% | 0.1% |
| NBKC BANK | $3,175,000 | $1,295,000 | -59.2% | 0.1% |
| Charles Schwab Bank, SSB | $2,125,000 | $1,210,000 | -43.1% | 0.1% |
| Keystone Funding, Inc. | $1,195,000 | n/a | 0.1% | |
| Provident Savings Bank, F.S.B. | $335,000 | $1,175,000 | 250.7% | 0.1% |
| GOOGAIN, INC. | $2,145,000 | $1,170,000 | -45.5% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $540,000 | $1,155,000 | 113.9% | 0.1% |
| Truist | $4,225,000 | $1,145,000 | -72.9% | 0.1% |
| First Savings Bank | $1,240,000 | $1,125,000 | -9.3% | 0.1% |
| The Federal Savings Bank | $5,785,000 | $1,105,000 | -80.9% | 0.1% |
| USAA Federal Savings Bank | $4,745,000 | $1,100,000 | -76.8% | 0.1% |
| Firefighters First Federal Credit Union | $2,610,000 | $1,090,000 | -58.2% | 0.1% |
| 5TH STREET CAPITAL, INC. | $3,085,000 | $1,055,000 | -65.8% | 0.1% |
| BECKAM FUNDING CORP. | $1,325,000 | $1,040,000 | -21.5% | 0.1% |
| GENEVA FINANCIAL, LLC | $1,360,000 | $1,010,000 | -25.7% | 0.1% |
| Citizens Business Bank | $4,660,000 | $1,005,000 | -78.4% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $5,270,000 | $975,000 | -81.5% | 0.0% |
| Axos Bank | $185,000 | $965,000 | 421.6% | 0.0% |
| LENDING 3, INC. | $635,000 | $900,000 | 41.7% | 0.0% |
| BNC National Bank | $610,000 | $870,000 | 42.6% | 0.0% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $4,250,000 | $870,000 | -79.5% | 0.0% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $870,000 | n/a | 0.0% | |
| GUARANTY HOME MORTGAGE CORPORATION | $710,000 | $835,000 | 17.6% | 0.0% |
| Ally Bank | $4,110,000 | $820,000 | -80.0% | 0.0% |
| PACIFIC SERVICE | $1,000,000 | $820,000 | -18.0% | 0.0% |
| INFINITY EQUITY GROUP, INC. | $810,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $26,100,000 | $810,000 | -96.9% | 0.0% |
| CANOPY MORTGAGE, LLC | $1,230,000 | $805,000 | -34.6% | 0.0% |
| LANTZMAN MANAGEMENT, INC. | $545,000 | $805,000 | 47.7% | 0.0% |
| MK LENDING CORP. | $55,000 | $805,000 | 1,363.6% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,420,000 | $800,000 | -43.7% | 0.0% |
| MERIWEST | $415,000 | $800,000 | 92.8% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $1,035,000 | $800,000 | -22.7% | 0.0% |
| LADERA LENDING, INC. | $2,705,000 | $795,000 | -70.6% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $3,850,000 | $790,000 | -79.5% | 0.0% |
| Luxury Mortgage Corp. | $775,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $8,125,000 | $770,000 | -90.5% | 0.0% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $375,000 | $750,000 | 100.0% | 0.0% |
| EQUITY WAVE LENDING, INC. | $465,000 | $740,000 | 59.1% | 0.0% |
| GEORGIA'S OWN | $285,000 | $740,000 | 159.6% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,845,000 | $715,000 | -61.2% | 0.0% |
| HighTechLending Inc | $1,160,000 | $695,000 | -40.1% | 0.0% |
| Stifel Bank and Trust | $1,505,000 | $690,000 | -54.2% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $505,000 | $685,000 | 35.6% | 0.0% |
| MANN FINANCIAL INC. | $670,000 | n/a | 0.0% | |
| UNCLE Credit Union | $1,610,000 | $670,000 | -58.4% | 0.0% |
| Watermark Capital, Inc. | $3,545,000 | $670,000 | -81.1% | 0.0% |
| Financial Partners Credit Union | $615,000 | $665,000 | 8.1% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $11,040,000 | $660,000 | -94.0% | 0.0% |
| Merchants Bank of Indiana | $655,000 | n/a | 0.0% | |
| VISION ONE MORTGAGE, INC. | $650,000 | n/a | 0.0% | |
| Merchants Mortgage & Trust Corporation | $1,135,000 | $645,000 | -43.2% | 0.0% |
| ONY GLO, INC. | $1,595,000 | $645,000 | -59.6% | 0.0% |
| CALIBER HOME LOANS, INC. | $47,005,000 | $640,000 | -98.6% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $2,285,000 | $640,000 | -72.0% | 0.0% |
| MICHIGAN MUTUAL, INC. | $225,000 | $635,000 | 182.2% | 0.0% |
| TruHome Solutions, LLC | $325,000 | $590,000 | 81.5% | 0.0% |
| PremierOne Credit Union | $665,000 | $580,000 | -12.8% | 0.0% |
| TECHNOLOGY | $340,000 | $565,000 | 66.2% | 0.0% |
| VERITAS FUNDING, LLC | $975,000 | $560,000 | -42.6% | 0.0% |
| MEGASTAR FINANCIAL CORP. | $8,480,000 | $555,000 | -93.5% | 0.0% |
| CASTLE & COOKE MORTGAGE, LLC | $540,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $4,515,000 | $540,000 | -88.0% | 0.0% |
| INTELLILOAN, INC. | $2,240,000 | $530,000 | -76.3% | 0.0% |
| REDWOOD | $540,000 | $530,000 | -1.9% | 0.0% |
| CBC Federal Credit Union | $525,000 | n/a | 0.0% | |
| University Bank | $525,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $945,000 | $525,000 | -44.4% | 0.0% |
| WESCOM CENTRAL CREDIT UNION | $515,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $465,000 | $505,000 | 8.6% | 0.0% |
| Mechanics Bank | $875,000 | $505,000 | -42.3% | 0.0% |
| MERCO Credit Union | $45,000 | $505,000 | 1,022.2% | 0.0% |
| SANDIA LABORATORY | $305,000 | $500,000 | 63.9% | 0.0% |
| Operating Engineers Local Union #3 | $3,495,000 | $495,000 | -85.8% | 0.0% |
| ST FIN CORP | $445,000 | $485,000 | 9.0% | 0.0% |
| 1ST UNITED SERVICES CREDIT UNION | $655,000 | $480,000 | -26.7% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $2,975,000 | $475,000 | -84.0% | 0.0% |
| Strong Home Mortgage, LLC | $2,860,000 | $475,000 | -83.4% | 0.0% |
| SANTA CLARA COUNTY | $2,115,000 | $470,000 | -77.8% | 0.0% |
| Cathay Bank | $465,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $2,790,000 | $465,000 | -83.3% | 0.0% |
| NuVision Federal Credit Union | $455,000 | n/a | 0.0% | |
| PREMIER LENDING, INC. | $455,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $7,500,000 | $445,000 | -94.1% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $355,000 | $445,000 | 25.4% | 0.0% |
| KD CAPITAL MORTGAGE CORPORATION | $325,000 | $445,000 | 36.9% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $445,000 | n/a | 0.0% | |
| Nations Lending Corporation | $2,255,000 | $445,000 | -80.3% | 0.0% |
| SIRVA MORTGAGE, INC. | $445,000 | n/a | 0.0% | |
| MACKILLIE INCORPORATED | $105,000 | $440,000 | 319.0% | 0.0% |
| MOUNTAIN WEST FINANCIAL, INC. | $8,355,000 | $440,000 | -94.7% | 0.0% |
| MID-VALLEY SERVICES, INC. | $575,000 | $435,000 | -24.3% | 0.0% |
| Comerica Bank | $655,000 | $420,000 | -35.9% | 0.0% |
| OPEN MORTGAGE, LLC | $1,615,000 | $410,000 | -74.6% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $405,000 | n/a | 0.0% | |
| Citizens Bank | $4,105,000 | $405,000 | -90.1% | 0.0% |
| CITIZENS EQUITY FIRST | $80,000 | $405,000 | 406.3% | 0.0% |
| HOME APPROVALS DIRECT, INC. | $245,000 | $405,000 | 65.3% | 0.0% |
| Raymond James Bank | $405,000 | n/a | 0.0% | |
| SALAL | $85,000 | $405,000 | 376.5% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $855,000 | $395,000 | -53.8% | 0.0% |
| DATA MORTGAGE, INC. | $1,150,000 | $395,000 | -65.7% | 0.0% |
| EAGLE HOME MORTGAGE, LLC | $395,000 | n/a | 0.0% | |
| United Fidelity Funding Corp. | $495,000 | $395,000 | -20.2% | 0.0% |
| ALTITUDE FINANCIAL CORPORATION | $385,000 | n/a | 0.0% | |
| Vellum Mortgage, Inc. | $365,000 | $365,000 | 0.0% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $355,000 | n/a | 0.0% | |
| RANLIFE, INC. | $670,000 | $355,000 | -47.0% | 0.0% |
| OAKTREE FUNDING CORP. | $1,075,000 | $350,000 | -67.4% | 0.0% |
| HomeTrust Bank | $65,000 | $345,000 | 430.8% | 0.0% |
| Commercial Loan Corporation | $340,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $335,000 | n/a | 0.0% | |
| COMPASS MORTGAGE, INC. | $325,000 | n/a | 0.0% | |
| Constant Investments, Inc. | $325,000 | n/a | 0.0% | |
| NEW DAY FINANCIAL, LLC | $2,675,000 | $325,000 | -87.9% | 0.0% |
| Zions Bank | $325,000 | n/a | 0.0% | |
| AMCAP MORTGAGE, LTD. | $305,000 | n/a | 0.0% | |
| BAY-VALLEY MORTGAGE GROUP | $305,000 | n/a | 0.0% | |
| Boeing Employees Credit Union | $600,000 | $295,000 | -50.8% | 0.0% |
| EMM LOANS LLC | $295,000 | n/a | 0.0% | |
| First Bank | $1,950,000 | $290,000 | -85.1% | 0.0% |
| CLEARPATH LENDING | $2,600,000 | $285,000 | -89.0% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $285,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $335,000 | $285,000 | -14.9% | 0.0% |
| Alaska USA Federal Credit Union | $365,000 | $250,000 | -31.5% | 0.0% |
| Old Second National Bank | $245,000 | n/a | 0.0% | |
| First-Citizens Bank & Trust Company | $2,060,000 | $235,000 | -88.6% | 0.0% |
| American Airlines Federal Credit Union | $230,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $230,000 | n/a | 0.0% | |
| ALL REVERSE MORTGAGE, INC. | $830,000 | $225,000 | -72.9% | 0.0% |
| Arvest Bank | $1,440,000 | $225,000 | -84.4% | 0.0% |
| COMMUNITY MORTGAGE FUNDING, LLC | $85,000 | $215,000 | 152.9% | 0.0% |
| US MORTGAGE CORPORATION | $215,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $2,960,000 | $205,000 | -93.1% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $205,000 | n/a | 0.0% | |
| BANC ONE MORTGAGE CORPORATION | $1,605,000 | $195,000 | -87.9% | 0.0% |
| AUGUSTA FINANCIAL, INC. | $185,000 | n/a | 0.0% | |
| DIGNIFIED HOME LOANS, LLC | $1,045,000 | $175,000 | -83.3% | 0.0% |
| UNION HOME MORTGAGE CORP. | $165,000 | n/a | 0.0% | |
| AFFINITY | $155,000 | n/a | 0.0% | |
| California Coast Credit Union | $115,000 | $155,000 | 34.8% | 0.0% |
| VALLEY STRONG CREDIT UNION | $315,000 | $155,000 | -50.8% | 0.0% |
| FIRST TECHNOLOGY | $1,160,000 | $150,000 | -87.1% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $970,000 | $145,000 | -85.1% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $680,000 | $135,000 | -80.1% | 0.0% |
| FUNDLOANS CAPITAL | $2,165,000 | $135,000 | -93.8% | 0.0% |
| TOWER | $125,000 | n/a | 0.0% | |
| CIS Financial Services, Inc. | $155,000 | $115,000 | -25.8% | 0.0% |
| SUPERIOR CHOICE | $115,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $2,730,000 | $110,000 | -96.0% | 0.0% |
| GTE Federal Credit Union | $260,000 | $105,000 | -59.6% | 0.0% |
| M&T Bank | $895,000 | $105,000 | -88.3% | 0.0% |
| LOGIX FEDERAL CREDIT UNION | $1,635,000 | $100,000 | -93.9% | 0.0% |
| Bank-Fund Staff Federal Credit Union | $95,000 | n/a | 0.0% | |
| Baxter Credit Union | $105,000 | $95,000 | -9.5% | 0.0% |
| Bethpage Federal Credit Union | $540,000 | $90,000 | -83.3% | 0.0% |
| Kaiperm Diablo Federal Credit Union | $85,000 | n/a | 0.0% | |
| KEYPOINT | $435,000 | $85,000 | -80.5% | 0.0% |
| UNIVERSITY CREDIT UNION | $405,000 | $85,000 | -79.0% | 0.0% |
| Connexus Credit Union | $75,000 | n/a | 0.0% | |
| SKYONE Federal Credit Union | $75,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $1,325,000 | $65,000 | -95.1% | 0.0% |
| Noble Federal Credit Union | $65,000 | n/a | 0.0% | |
| Service Federal Credit Union | $65,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $55,000 | n/a | 0.0% | |
| BAY | $55,000 | n/a | 0.0% | |
| DELTA COMMUNITY CREDIT UNION | $55,000 | n/a | 0.0% | |
| KINECTA | $1,740,000 | $55,000 | -96.8% | 0.0% |
| LAFAYETTE FEDERAL CREDIT UNION | $155,000 | $55,000 | -64.5% | 0.0% |
| STANFORD Federal Credit Union | $2,870,000 | $55,000 | -98.1% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $400,000 | $35,000 | -91.3% | 0.0% |
| CommonWealth Central Credit Union | $65,000 | $35,000 | -46.2% | 0.0% |
| San Mateo Credit Union | $550,000 | $25,000 | -95.5% | 0.0% |
| VENTURA COUNTY | $25,000 | n/a | 0.0% |
MODESTO's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 13.4% market share. In second place, with 8.0%, is QUICKEN LOANS, LLC, having originated $157,985,000 in loans. In third place, with 4.9%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $96,935,000 in loans. In fourth place, with 4.5%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $88,835,000 in loans. In fifth place, with 2.8%, is JPMorgan Chase Bank, having originated $55,410,000 in loans.
MODESTO, 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 |
|---|---|---|---|---|---|---|
| 94550 | Modesto, CA MSA | $1,940 | $2,180 | $2,640 | $3,450 | $4,070 |
| 95230 | Modesto, CA MSA | $1,050 | $1,130 | $1,460 | $2,070 | $2,460 |
| 95307 | Modesto, CA MSA | $990 | $1,020 | $1,300 | $1,840 | $2,150 |
| 95313 | Modesto, CA MSA | $950 | $980 | $1,250 | $1,770 | $2,070 |
| 95316 | Modesto, CA MSA | $1,010 | $1,040 | $1,330 | $1,880 | $2,200 |
| 95319 | Modesto, CA MSA | $850 | $910 | $1,130 | $1,590 | $1,860 |
| 95322 | Modesto, CA MSA | $850 | $970 | $1,190 | $1,690 | $2,030 |
| 95323 | Modesto, CA MSA | $860 | $910 | $1,130 | $1,600 | $1,870 |
| 95324 | Modesto, CA MSA | $990 | $1,180 | $1,440 | $2,050 | $2,450 |
| 95326 | Modesto, CA MSA | $1,250 | $1,290 | $1,640 | $2,320 | $2,710 |
| 95328 | Modesto, CA MSA | $940 | $970 | $1,240 | $1,750 | $2,050 |
| 95329 | Modesto, CA MSA | $1,090 | $1,120 | $1,430 | $2,020 | $2,370 |
| 95350 | Modesto, CA MSA | $1,010 | $1,040 | $1,330 | $1,880 | $2,200 |
| 95351 | Modesto, CA MSA | $970 | $1,000 | $1,270 | $1,790 | $2,100 |
| 95352 | Modesto, CA MSA | $1,040 | $1,080 | $1,370 | $1,940 | $2,270 |
| 95353 | Modesto, CA MSA | $1,040 | $1,080 | $1,370 | $1,940 | $2,270 |
| 95354 | Modesto, CA MSA | $1,060 | $1,090 | $1,390 | $1,960 | $2,300 |
| 95355 | Modesto, CA MSA | $1,160 | $1,200 | $1,530 | $2,160 | $2,530 |
| 95356 | Modesto, CA MSA | $1,130 | $1,170 | $1,490 | $2,110 | $2,460 |
| 95357 | Modesto, CA MSA | $1,290 | $1,330 | $1,690 | $2,390 | $2,800 |
| 95358 | Modesto, CA MSA | $960 | $990 | $1,260 | $1,780 | $2,080 |
| 95360 | Modesto, CA MSA | $950 | $980 | $1,250 | $1,770 | $2,070 |
| 95361 | Modesto, CA MSA | $1,000 | $1,030 | $1,310 | $1,850 | $2,170 |
| 95363 | Modesto, CA MSA | $1,290 | $1,330 | $1,690 | $2,390 | $2,800 |
| 95367 | Modesto, CA MSA | $1,110 | $1,150 | $1,460 | $2,060 | $2,420 |
| 95368 | Modesto, CA MSA | $1,380 | $1,420 | $1,810 | $2,560 | $2,990 |
| 95380 | Modesto, CA MSA | $950 | $990 | $1,250 | $1,770 | $2,080 |
| 95381 | Modesto, CA MSA | $1,040 | $1,080 | $1,370 | $1,940 | $2,270 |
| 95382 | Modesto, CA MSA | $1,180 | $1,220 | $1,550 | $2,190 | $2,560 |
| 95385 | Modesto, CA MSA | $1,150 | $1,230 | $1,580 | $2,240 | $2,650 |
| 95386 | Modesto, CA MSA | $970 | $1,000 | $1,270 | $1,790 | $2,100 |
| 95387 | Modesto, CA MSA | $1,320 | $1,390 | $1,770 | $2,510 | $2,960 |
| 95397 | Modesto, CA MSA | $1,040 | $1,080 | $1,370 | $1,940 | $2,270 |
2022 Average & Median Rent Data Statistics
MODESTO, CA average 1BR rent: $1,139, median: $1,080
MODESTO, CA average 2BR rent: $1,441, median: $1,370
MODESTO, CA average 3BR rent: $2,030, median: $1,940
MODESTO, CA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,688 | $1,465,030,000 | $397,242 |
| Cash Out Refi | 920 | $252,620,000 | $274,587 |
| Other | 572 | $56,250,000 | $98,339 |
| Home Improvement | 527 | $68,035,000 | $129,099 |
| Refi | 301 | $121,365,000 | $403,206 |
Modesto's most frequently cited loan purpose was Home Purchase, with 3,688 originations. The 2nd most popular reason was Cash Out Refi, with 920 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,066 | $814,450,000 | $394,216 |
| Over 8% | 1,274 | $189,780,000 | $148,964 |
| 7-8% | 1,211 | $413,075,000 | $341,102 |
| 5-6% | 1,059 | $437,775,000 | $413,385 |
| <2.5% | 153 | $4,925,000 | $32,190 |
| 4-5% | 113 | $69,755,000 | $617,301 |
| 3-4% | 11 | $3,315,000 | $301,364 |
| 2.5-3% | 2 | $850,000 | $425,000 |
During 2023, Modesto's most frequently originated rate bucket was 6-7%, with 2,066 originations.
Loan Sizing (MODESTO, CA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,103 | $656,055,000 | $311,961 |
| $400k-600k | 1,729 | $816,135,000 | $472,027 |
| $100,000 or less | 1,199 | $63,965,000 | $53,349 |
| $100k-200k | 716 | $98,220,000 | $137,179 |
| $600k-1000k | 227 | $153,605,000 | $676,674 |
| $Over $1MM | 34 | $175,320,000 | $5,156,471 |
MODESTO's loan sizing saw the bucket of loans from $200k-400k with 2,103 originations, totaling $656,055,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,476 | $1,061,000,000 | $428,514 |
| Under 20% | 1,164 | $81,540,000 | $70,052 |
| 60-80% | 1,103 | $461,885,000 | $418,753 |
| 20-40% | 549 | $111,245,000 | $202,632 |
| 40-60% | 518 | $186,120,000 | $359,305 |
| Over 100% | 49 | $22,775,000 | $464,796 |
MODESTO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,476 originations, totaling $1,061,000,000 in origination value.