MODESTO Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Modesto averaged
6.84%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.97% and
one month ago for the week of 2025-05-15, the
average rate was 6.84%.
Modesto's average rate one year ago was 6.98%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Modesto 30 Year Fixed Rate | 2025-06-18 | 6.84% |
| Modesto 30 Year Fixed Rate Refi | 2025-06-18 | 7.07% |
| Modesto 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Modesto 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Modesto 30 Year FHA | 2025-06-18 | -0.09% |
| Modesto 30 Year FHA Refi | 2025-06-18 | -0.54% |
| Modesto 30 Year USDA | 2025-06-18 | 0.2% |
| Modesto 30 Year USDA Refi | 2025-06-18 | 0% |
| Modesto 30 Year VA | 2025-06-18 | -0.36% |
| Modesto 30 Year VA Refi | 2025-06-18 | -0.28% |
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 167 lenders originated 7,154
loans during 2024. The total origination value was $2,367,960,000, with an average loan value of
$330,998.
MODESTO's average closing costs are $6,634.
The top MODESTO lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
396 loans originated. Their average total fees are
$9,293, which is $1,726
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee MODESTO lenders (with over 10 loans originated) are
PROVIDENT FUNDING ASSOCIATES, L.P. ($4,240), THE GOLDEN 1 ($4,341), DHI MORTGAGE COMPANY, LTD. ($4,497), Wells Fargo Bank ($4,951) and Tri Counties Bank ($5,096).
The lowest rate MODESTO lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.10%), K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (5.59%), Northpointe Bank (5.77%), DHI MORTGAGE COMPANY, LTD. (5.84%) and KBHS HOME LOANS, LLC (6.15%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $262,655,000 | $322,700,000 | 22.9% | 13.6% |
| QUICKEN LOANS, LLC | $157,985,000 | $186,520,000 | 18.1% | 7.9% |
| WALKER & DUNLOP, LLC | $34,720,000 | $99,925,000 | 187.8% | 4.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $88,835,000 | $99,005,000 | 11.4% | 4.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $96,935,000 | $93,210,000 | -3.8% | 3.9% |
| Century Mortgage Company DBA Century Lending Company | $55,130,000 | $80,430,000 | 45.9% | 3.4% |
| GUARANTEED RATE, INC. | $21,645,000 | $64,930,000 | 200.0% | 2.7% |
| SCENIC OAKS FUNDING, INC. | $51,665,000 | $59,290,000 | 14.8% | 2.5% |
| LOANDEPOT.COM, LLC | $40,285,000 | $58,690,000 | 45.7% | 2.5% |
| DHI MORTGAGE COMPANY, LTD. | $21,500,000 | $53,880,000 | 150.6% | 2.3% |
| Wells Fargo Bank | $31,350,000 | $50,940,000 | 62.5% | 2.2% |
| GUILD MORTGAGE COMPANY | $10,765,000 | $50,215,000 | 366.5% | 2.1% |
| S1L, Inc. | $33,255,000 | $47,185,000 | 41.9% | 2.0% |
| KBHS HOME LOANS, LLC | $48,390,000 | $47,075,000 | -2.7% | 2.0% |
| JPMorgan Chase Bank | $55,410,000 | $44,105,000 | -20.4% | 1.9% |
| U.S. Bank | $19,865,000 | $31,890,000 | 60.5% | 1.3% |
| Performance Financial, Inc. | $3,675,000 | $29,920,000 | 714.1% | 1.3% |
| Mortgage Research Center, LLC | $18,475,000 | $27,530,000 | 49.0% | 1.2% |
| K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. | $10,245,000 | $27,015,000 | 163.7% | 1.1% |
| Golden Empire Mortgage, Inc. | $16,255,000 | $25,805,000 | 58.8% | 1.1% |
| Paramount Residential Mortgage Group, Inc. | $19,430,000 | $25,590,000 | 31.7% | 1.1% |
| EAGLE HOME MORTGAGE, LLC | $395,000 | $23,400,000 | 5,824.1% | 1.0% |
| Bank of America | $26,975,000 | $22,925,000 | -15.0% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $11,685,000 | $22,435,000 | 92.0% | 0.9% |
| OCMBC, INC. | $9,095,000 | $22,395,000 | 146.2% | 0.9% |
| Arbor Realty Trust, Inc. | $21,845,000 | n/a | 0.9% | |
| LENDINGHOME FUNDING CORPORATION | $9,345,000 | $21,040,000 | 125.1% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $6,960,000 | $20,920,000 | 200.6% | 0.9% |
| THE GOLDEN 1 | $14,125,000 | $20,820,000 | 47.4% | 0.9% |
| The Loan Store, Inc. | $5,845,000 | $19,370,000 | 231.4% | 0.8% |
| AMERICAN FINANCIAL NETWORK, INC. | $24,505,000 | $19,120,000 | -22.0% | 0.8% |
| NFM, INC. | $3,710,000 | $17,305,000 | 366.4% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $13,680,000 | $15,520,000 | 13.5% | 0.7% |
| Farmers & Merchants Bank of Central California | $17,160,000 | $14,035,000 | -18.2% | 0.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $7,480,000 | $12,845,000 | 71.7% | 0.5% |
| Sierra Pacific Mortgage Company, Inc. | $15,395,000 | $12,510,000 | -18.7% | 0.5% |
| BMO Harris Bank | $14,000,000 | $12,490,000 | -10.8% | 0.5% |
| DIRECTIONS EQUITY, LLC | $6,340,000 | $11,965,000 | 88.7% | 0.5% |
| NEWREZ LLC | $5,945,000 | $11,760,000 | 97.8% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $14,285,000 | $11,180,000 | -21.7% | 0.5% |
| ALAMEDA MORTGAGE CORPORATION | $9,715,000 | $9,650,000 | -0.7% | 0.4% |
| PNC Bank | $16,955,000 | $9,470,000 | -44.1% | 0.4% |
| BROKER SOLUTIONS, INC. | $11,085,000 | $9,000,000 | -18.8% | 0.4% |
| Figure Lending LLC | $6,005,000 | $7,975,000 | 32.8% | 0.3% |
| JMAC LENDING, INC. | $7,975,000 | n/a | 0.3% | |
| Umpqua Bank | $5,060,000 | $7,955,000 | 57.2% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $4,785,000 | $7,915,000 | 65.4% | 0.3% |
| CARDINAL FINANCIAL | $23,200,000 | $7,875,000 | -66.1% | 0.3% |
| Equity Prime Mortgage LLC | $3,360,000 | $7,875,000 | 134.4% | 0.3% |
| Flagstar Bank, FSB | $7,160,000 | $7,680,000 | 7.3% | 0.3% |
| CMG MORTGAGE, INC. | $5,570,000 | $7,640,000 | 37.2% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $7,145,000 | $7,295,000 | 2.1% | 0.3% |
| LAND HOME FINANCIAL SERVICES, INC. | $7,220,000 | $7,145,000 | -1.0% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $8,070,000 | $6,880,000 | -14.7% | 0.3% |
| Discover Bank | $5,890,000 | $6,850,000 | 16.3% | 0.3% |
| Cornerstone First Mortgage, Inc | $1,495,000 | $6,580,000 | 340.1% | 0.3% |
| Preferred Bank | $6,505,000 | n/a | 0.3% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $4,510,000 | $6,405,000 | 42.0% | 0.3% |
| LEADERONE FINANCIAL CORPORATION | $1,155,000 | $6,265,000 | 442.4% | 0.3% |
| SUN WEST MORTGAGE COMPANY, INC. | $5,730,000 | $6,245,000 | 9.0% | 0.3% |
| SUMMIT FUNDING, INC. | $19,565,000 | $6,230,000 | -68.2% | 0.3% |
| AMERITRUST MORTGAGE CORPORATION | $1,465,000 | $6,150,000 | 319.8% | 0.3% |
| Carrington Mortgage Services, LLC | $3,285,000 | $6,150,000 | 87.2% | 0.3% |
| EVERETT FINANCIAL, INC. | $5,925,000 | $5,930,000 | 0.1% | 0.3% |
| Northpointe Bank | $33,580,000 | $5,855,000 | -82.6% | 0.2% |
| Franklin Loan Corporation | $1,620,000 | $5,700,000 | 251.9% | 0.2% |
| Tri Counties Bank | $3,175,000 | $5,635,000 | 77.5% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $2,475,000 | $5,625,000 | 127.3% | 0.2% |
| Citadel Servicing Corporation | $6,945,000 | $5,180,000 | -25.4% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $4,300,000 | $5,095,000 | 18.5% | 0.2% |
| Greenbox Loans, Inc. | $4,135,000 | $5,070,000 | 22.6% | 0.2% |
| Hometown Equity Mortgage, LLC | $5,415,000 | $5,030,000 | -7.1% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,315,000 | $4,870,000 | 46.9% | 0.2% |
| Bank of Stockton | $8,155,000 | $4,820,000 | -40.9% | 0.2% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,960,000 | $4,770,000 | 143.4% | 0.2% |
| Commerce Home Mortgage, Inc. | $11,900,000 | $4,690,000 | -60.6% | 0.2% |
| NATIONS DIRECT MORTGAGE, LLC | $4,885,000 | $4,465,000 | -8.6% | 0.2% |
| 21ST MORTGAGE CORPORATION | $3,495,000 | $4,350,000 | 24.5% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $2,800,000 | $4,280,000 | 52.9% | 0.2% |
| Self-Help Federal Credit Union | $5,560,000 | $4,125,000 | -25.8% | 0.2% |
| Merchants Capital Corp. | $3,875,000 | n/a | 0.2% | |
| NMSI, INC. | $1,660,000 | $3,845,000 | 131.6% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $660,000 | $3,815,000 | 478.0% | 0.2% |
| AMWEST FUNDING CORP. | $2,060,000 | $3,795,000 | 84.2% | 0.2% |
| SPRING EQ, LLC | $2,055,000 | $3,790,000 | 84.4% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $1,560,000 | $3,760,000 | 141.0% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $2,705,000 | $3,585,000 | 32.5% | 0.2% |
| Northwest Farm Credit Services, FLCA | $3,470,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $3,765,000 | $3,305,000 | -12.2% | 0.1% |
| First National Bank of America | $3,610,000 | $3,305,000 | -8.4% | 0.1% |
| ALLIANT CREDIT UNION | $3,105,000 | $3,000,000 | -3.4% | 0.1% |
| Citibank | $18,230,000 | $2,920,000 | -84.0% | 0.1% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $870,000 | $2,860,000 | 228.7% | 0.1% |
| Fremont Bank | $3,500,000 | $2,825,000 | -19.3% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $3,220,000 | $2,820,000 | -12.4% | 0.1% |
| Firefighters First Federal Credit Union | $1,090,000 | $2,650,000 | 143.1% | 0.1% |
| The Federal Savings Bank | $1,105,000 | $2,600,000 | 135.3% | 0.1% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $750,000 | $2,595,000 | 246.0% | 0.1% |
| PLANET HOME LENDING, LLC | $1,695,000 | $2,540,000 | 49.9% | 0.1% |
| NEW WAVE LENDING GROUP INC | $2,285,000 | $2,495,000 | 9.2% | 0.1% |
| UNION HOME MORTGAGE CORP. | $165,000 | $2,475,000 | 1,400.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $800,000 | $2,470,000 | 208.8% | 0.1% |
| A&D Mortgage LLC | $1,840,000 | $2,460,000 | 33.7% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $2,290,000 | $2,435,000 | 6.3% | 0.1% |
| MK LENDING CORP. | $805,000 | $2,350,000 | 191.9% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $1,510,000 | $2,325,000 | 54.0% | 0.1% |
| Coastal Community Bank | $1,855,000 | $2,320,000 | 25.1% | 0.1% |
| NEXERA HOLDING LLC | $4,275,000 | $2,310,000 | -46.0% | 0.1% |
| MORTGAGEONE, INC. | $2,185,000 | n/a | 0.1% | |
| RESIDENTIAL BANCORP | $17,740,000 | $2,145,000 | -87.9% | 0.1% |
| SCHOOLSFIRST | $2,060,000 | $2,145,000 | 4.1% | 0.1% |
| Stifel Bank and Trust | $690,000 | $2,065,000 | 199.3% | 0.1% |
| Prosperity Home Mortgage, LLC | $1,935,000 | $2,015,000 | 4.1% | 0.1% |
| TRAVIS CREDIT UNION | $1,670,000 | $1,930,000 | 15.6% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $810,000 | $1,895,000 | 134.0% | 0.1% |
| PATELCO | $3,130,000 | $1,860,000 | -40.6% | 0.1% |
| Lakeview Community Capital, LLC | $770,000 | $1,835,000 | 138.3% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $1,485,000 | $1,735,000 | 16.8% | 0.1% |
| PHH Mortgage Corporation | $1,810,000 | $1,725,000 | -4.7% | 0.1% |
| Plains Commerce Bank | $1,420,000 | $1,725,000 | 21.5% | 0.1% |
| Mechanics Bank | $505,000 | $1,715,000 | 239.6% | 0.1% |
| NexBank | $1,615,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $475,000 | $1,595,000 | 235.8% | 0.1% |
| LOANPAL, LLC | $1,540,000 | $1,590,000 | 3.2% | 0.1% |
| NP, Inc. | $1,600,000 | $1,585,000 | -0.9% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $640,000 | $1,550,000 | 142.2% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $715,000 | $1,550,000 | 116.8% | 0.1% |
| Morgan Stanley Private Bank | $1,630,000 | $1,485,000 | -8.9% | 0.1% |
| USAA Federal Savings Bank | $1,100,000 | $1,440,000 | 30.9% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $4,400,000 | $1,420,000 | -67.7% | 0.1% |
| VAL-CHRIS INVESTMENTS, INC. | $1,980,000 | $1,390,000 | -29.8% | 0.1% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $2,115,000 | $1,380,000 | -34.8% | 0.1% |
| BETTER MORTGAGE CORPORATION | $2,385,000 | $1,370,000 | -42.6% | 0.1% |
| UNCLE Credit Union | $670,000 | $1,370,000 | 104.5% | 0.1% |
| TOWNE MORTGAGE COMPANY | $1,870,000 | $1,350,000 | -27.8% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,450,000 | $1,315,000 | -9.3% | 0.1% |
| AMERICAN FINANCING CORPORATION | $205,000 | $1,265,000 | 517.1% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $3,725,000 | $1,265,000 | -66.0% | 0.1% |
| ENVOY MORTGAGE, LTD | $16,950,000 | $1,225,000 | -92.8% | 0.1% |
| OAKTREE FUNDING CORP. | $350,000 | $1,225,000 | 250.0% | 0.1% |
| Waterstone Mortgage Corporation | $1,220,000 | n/a | 0.1% | |
| Boeing Employees Credit Union | $295,000 | $1,185,000 | 301.7% | 0.1% |
| CITIZENS EQUITY FIRST | $405,000 | $1,175,000 | 190.1% | 0.0% |
| Quontic Bank | $1,980,000 | $1,170,000 | -40.9% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $395,000 | $1,160,000 | 193.7% | 0.0% |
| PREMIA MORTGAGE, LLC | $1,140,000 | n/a | 0.0% | |
| Home Mortgage Alliance Corp | $1,135,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $1,010,000 | $1,125,000 | 11.4% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,120,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $3,620,000 | $1,115,000 | -69.2% | 0.0% |
| STAR ONE CREDIT UNION | $4,220,000 | $1,115,000 | -73.6% | 0.0% |
| ML Mortgage Corp. | $2,140,000 | $1,075,000 | -49.8% | 0.0% |
| Zions Bank | $325,000 | $1,075,000 | 230.8% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,060,000 | n/a | 0.0% | |
| KINECTA | $55,000 | $1,030,000 | 1,772.7% | 0.0% |
| General Mortgage Capital Corporation | $465,000 | $1,025,000 | 120.4% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $790,000 | $1,025,000 | 29.7% | 0.0% |
| ONY GLO, INC. | $645,000 | $1,015,000 | 57.4% | 0.0% |
| Vellum Mortgage, Inc. | $365,000 | $1,000,000 | 174.0% | 0.0% |
| LADERA LENDING, INC. | $795,000 | $975,000 | 22.6% | 0.0% |
| INTERNATIONAL CITY MORTGAGE, INC. | $955,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $6,595,000 | $950,000 | -85.6% | 0.0% |
| BAY-VALLEY MORTGAGE GROUP | $305,000 | $945,000 | 209.8% | 0.0% |
| BAY EQUITY LLC | $1,830,000 | $930,000 | -49.2% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $930,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $355,000 | $925,000 | 160.6% | 0.0% |
| LANTZMAN MANAGEMENT, INC. | $805,000 | $900,000 | 11.8% | 0.0% |
| DAS Acquisition Company, LLC | $335,000 | $880,000 | 162.7% | 0.0% |
| FIRST COLONY MORTGAGE CORPORATION | $880,000 | n/a | 0.0% | |
| INTELLILOAN, INC. | $530,000 | $875,000 | 65.1% | 0.0% |
| EVANSVILLE TEACHERS | $865,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $35,000 | $855,000 | 2,342.9% | 0.0% |
| SNAPFI, INC. | $2,235,000 | $855,000 | -61.7% | 0.0% |
| San Joaquin Power Employees Credit Union | $845,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $3,500,000 | $835,000 | -76.1% | 0.0% |
| GTE Federal Credit Union | $105,000 | $835,000 | 695.2% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $830,000 | n/a | 0.0% | |
| Village Bank & Trust | $825,000 | n/a | 0.0% | |
| 5TH STREET CAPITAL, INC. | $1,055,000 | $810,000 | -23.2% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $1,710,000 | $810,000 | -52.6% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,505,000 | $810,000 | -46.2% | 0.0% |
| NEW DAY FINANCIAL, LLC | $325,000 | $810,000 | 149.2% | 0.0% |
| Nations Lending Corporation | $445,000 | $780,000 | 75.3% | 0.0% |
| Logan Finance Corporation | $770,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $760,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,980,000 | $750,000 | -62.1% | 0.0% |
| MICHIGAN MUTUAL, INC. | $635,000 | $745,000 | 17.3% | 0.0% |
| Keystone Funding, Inc. | $1,195,000 | $740,000 | -38.1% | 0.0% |
| FidelityLending Solutions Inc. dba Wholesale Mortgage Bankers | $730,000 | n/a | 0.0% | |
| Luxury Mortgage Corp. | $775,000 | $710,000 | -8.4% | 0.0% |
| Armed Forces Bank | $705,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $230,000 | $700,000 | 204.3% | 0.0% |
| GEORGIA'S OWN | $740,000 | $695,000 | -6.1% | 0.0% |
| Truist | $1,145,000 | $640,000 | -44.1% | 0.0% |
| PACIFIC SERVICE | $820,000 | $635,000 | -22.6% | 0.0% |
| First Horizon Bank | $605,000 | n/a | 0.0% | |
| 1ST UNITED SERVICES CREDIT UNION | $480,000 | $595,000 | 24.0% | 0.0% |
| Merchants Mortgage & Trust Corporation | $645,000 | $590,000 | -8.5% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $1,325,000 | $590,000 | -55.5% | 0.0% |
| NORWICH COMMERCIAL GROUP, INC. | $585,000 | n/a | 0.0% | |
| Ameris Bank | $1,385,000 | $580,000 | -58.1% | 0.0% |
| TruHome Solutions, LLC | $590,000 | $580,000 | -1.7% | 0.0% |
| ARC HOME LLC | $2,300,000 | $565,000 | -75.4% | 0.0% |
| Citizens Business Bank | $1,005,000 | $555,000 | -44.8% | 0.0% |
| LENDINGONE, LLC | $550,000 | n/a | 0.0% | |
| COASTAL FUNDING SLC, INC. | $545,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $540,000 | n/a | 0.0% | |
| Pacific Lending LLC | $525,000 | n/a | 0.0% | |
| VISION ONE MORTGAGE, INC. | $650,000 | $525,000 | -19.2% | 0.0% |
| PremierOne Credit Union | $580,000 | $520,000 | -10.3% | 0.0% |
| Paramount Bank | $515,000 | n/a | 0.0% | |
| STANFORD Federal Credit Union | $55,000 | $515,000 | 836.4% | 0.0% |
| AFFINITY | $155,000 | $510,000 | 229.0% | 0.0% |
| INTERCAP LENDING INC. | $500,000 | n/a | 0.0% | |
| LOANLEADERS OF AMERICA, INC. | $495,000 | n/a | 0.0% | |
| Financial Partners Credit Union | $665,000 | $485,000 | -27.1% | 0.0% |
| BOKF | $455,000 | n/a | 0.0% | |
| Educational Employees Credit Union | $1,990,000 | $430,000 | -78.4% | 0.0% |
| Loan Simple, Inc. | $415,000 | n/a | 0.0% | |
| San Mateo Credit Union | $25,000 | $415,000 | 1,560.0% | 0.0% |
| Fifth Third Bank | $405,000 | n/a | 0.0% | |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $870,000 | $400,000 | -54.0% | 0.0% |
| AHL FUNDING | $1,365,000 | $395,000 | -71.1% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $975,000 | $395,000 | -59.5% | 0.0% |
| MOUNTAIN WEST FINANCIAL, INC. | $440,000 | $385,000 | -12.5% | 0.0% |
| KEYPOINT | $85,000 | $380,000 | 347.1% | 0.0% |
| NBKC BANK | $1,295,000 | $365,000 | -71.8% | 0.0% |
| AXIA FINANCIAL, LLC | $1,895,000 | $355,000 | -81.3% | 0.0% |
| M&T Bank | $105,000 | $355,000 | 238.1% | 0.0% |
| North American Savings Bank, F.S.B. | $355,000 | n/a | 0.0% | |
| North Coast Financial, Inc. | $355,000 | n/a | 0.0% | |
| ALL REVERSE MORTGAGE, INC. | $225,000 | $350,000 | 55.6% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $685,000 | $350,000 | -48.9% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $145,000 | $345,000 | 137.9% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $205,000 | $345,000 | 68.3% | 0.0% |
| Strong Home Mortgage, LLC | $475,000 | $345,000 | -27.4% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $55,000 | $325,000 | 490.9% | 0.0% |
| ON Q FINANCIAL, INC. | $2,500,000 | $325,000 | -87.0% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $325,000 | n/a | 0.0% | |
| Magnolia Bank | $315,000 | n/a | 0.0% | |
| TOWER | $125,000 | $310,000 | 148.0% | 0.0% |
| FUNDLOANS CAPITAL | $135,000 | $305,000 | 125.9% | 0.0% |
| Kwik Mortgage Corporation | $305,000 | n/a | 0.0% | |
| MYCUMORTGAGE, LLC | $305,000 | n/a | 0.0% | |
| HOMESTEAD FUNDING CORP. | $295,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $295,000 | n/a | 0.0% | |
| SANTA CLARA COUNTY | $470,000 | $290,000 | -38.3% | 0.0% |
| VALLEY STRONG CREDIT UNION | $155,000 | $290,000 | 87.1% | 0.0% |
| CLEARPATH LENDING | $285,000 | $285,000 | 0.0% | 0.0% |
| RANLIFE, INC. | $355,000 | $275,000 | -22.5% | 0.0% |
| First-Citizens Bank & Trust Company | $235,000 | $265,000 | 12.8% | 0.0% |
| SAN FRANCISCO FIRE CREDIT UNION | $260,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $445,000 | $255,000 | -42.7% | 0.0% |
| MORIA DEVELOPMENT, INC. | $255,000 | n/a | 0.0% | |
| EMM LOANS LLC | $295,000 | $245,000 | -16.9% | 0.0% |
| ZILLOW HOME LOANS, LLC | $2,165,000 | $245,000 | -88.7% | 0.0% |
| California Coast Credit Union | $155,000 | $235,000 | 51.6% | 0.0% |
| Charles Schwab Bank, SSB | $1,210,000 | $235,000 | -80.6% | 0.0% |
| HighTechLending Inc | $695,000 | $235,000 | -66.2% | 0.0% |
| Bethpage Federal Credit Union | $90,000 | $220,000 | 144.4% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $525,000 | $220,000 | -58.1% | 0.0% |
| MERIWEST MORTGAGE COMPANY, LLC | $215,000 | n/a | 0.0% | |
| CBC Federal Credit Union | $525,000 | $205,000 | -61.0% | 0.0% |
| SACRAMENTO Credit Union | $205,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $195,000 | n/a | 0.0% | |
| MERIWEST | $800,000 | $180,000 | -77.5% | 0.0% |
| REDWOOD | $530,000 | $180,000 | -66.0% | 0.0% |
| City National Bank | $1,535,000 | $175,000 | -88.6% | 0.0% |
| Comerica Bank | $420,000 | $170,000 | -59.5% | 0.0% |
| USAlliance Federal Credit Union | $170,000 | n/a | 0.0% | |
| First Western Trust Bank | $165,000 | n/a | 0.0% | |
| Connexus Credit Union | $75,000 | $160,000 | 113.3% | 0.0% |
| CHEVRON | $155,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $155,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $110,000 | $145,000 | 31.8% | 0.0% |
| THE POLICE Credit Union | $1,565,000 | $140,000 | -91.1% | 0.0% |
| NASA Federal Credit Union | $130,000 | n/a | 0.0% | |
| WESCOM CENTRAL CREDIT UNION | $515,000 | $120,000 | -76.7% | 0.0% |
| HomeTrust Bank | $345,000 | $115,000 | -66.7% | 0.0% |
| Mission City Federal Credit Union | $110,000 | n/a | 0.0% | |
| CommonWealth Central Credit Union | $35,000 | $105,000 | 200.0% | 0.0% |
| I.L.W.U. CREDIT UNION | $95,000 | n/a | 0.0% | |
| SAN DIEGO COUNTY CREDIT UNION | $85,000 | n/a | 0.0% | |
| SEA WEST COAST GUARD FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| United States Senate Federal Credit Union | $85,000 | n/a | 0.0% | |
| Provident Credit Union | $1,485,000 | $75,000 | -94.9% | 0.0% |
| SKYONE Federal Credit Union | $75,000 | $65,000 | -13.3% | 0.0% |
| THE FIRST FINANCIAL Federal Credit Union | $65,000 | n/a | 0.0% | |
| TECHNOLOGY | $565,000 | $55,000 | -90.3% | 0.0% |
| MACKILLIE INCORPORATED | $440,000 | $45,000 | -89.8% | 0.0% |
| USC Credit Union | $45,000 | n/a | 0.0% | |
| Noble Federal Credit Union | $65,000 | $35,000 | -46.2% | 0.0% |
| SAFE CREDIT UNION | $3,960,000 | $25,000 | -99.4% | 0.0% |
MODESTO's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 13.6% market share. In second place, with 7.9%, is QUICKEN LOANS, LLC, having originated $186,520,000 in loans. In third place, with 4.2%, is WALKER & DUNLOP, LLC, having originated $99,925,000 in loans. In fourth place, with 4.2%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $99,005,000 in loans. In fifth place, with 3.9%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $93,210,000 in loans.
MODESTO, CA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,109 | $1,641,925,000 | $399,592 |
| Cash Out Refi | 1,227 | $286,805,000 | $233,745 |
| Other | 727 | $72,255,000 | $99,388 |
| Refi | 580 | $313,230,000 | $540,052 |
| Home Improvement | 506 | $52,510,000 | $103,775 |
| NA | 5 | $1,235,000 | $247,000 |
Modesto's most frequently cited loan purpose was Home Purchase, with 4,109 originations. The 2nd most popular reason was Cash Out Refi, with 1,227 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,781 | $1,097,435,000 | $394,619 |
| Over 8% | 1,664 | $214,440,000 | $128,870 |
| 5-6% | 1,185 | $563,655,000 | $475,658 |
| 7-8% | 1,101 | $398,065,000 | $361,549 |
| <2.5% | 195 | $4,475,000 | $22,949 |
| 4-5% | 112 | $49,150,000 | $438,839 |
| 3-4% | 15 | $7,055,000 | $470,333 |
| 2.5-3% | 1 | $355,000 | $355,000 |
During 2024, Modesto's most frequently originated rate bucket was 6-7%, with 2,781 originations.
Loan Sizing (MODESTO, CA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,346 | $743,350,000 | $316,858 |
| $400k-600k | 2,239 | $1,060,145,000 | $473,490 |
| $100,000 or less | 1,429 | $76,705,000 | $53,677 |
| $100k-200k | 867 | $120,765,000 | $139,291 |
| $600k-1000k | 249 | $171,665,000 | $689,418 |
| $Over $1MM | 24 | $195,330,000 | $8,138,750 |
MODESTO's loan sizing saw the bucket of loans from $200k-400k with 2,346 originations, totaling $743,350,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,890 | $1,265,780,000 | $437,986 |
| Under 20% | 1,409 | $82,775,000 | $58,747 |
| 60-80% | 1,258 | $603,250,000 | $479,531 |
| 20-40% | 712 | $109,480,000 | $153,764 |
| 40-60% | 610 | $201,380,000 | $330,131 |
| Over 100% | 70 | $34,030,000 | $486,143 |
MODESTO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,890 originations, totaling $1,265,780,000 in origination value.