Red Bluff Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Red Bluff averaged
6.13%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
5.93% and
one month ago for the week of 2024-09-05, the
average rate was 6.46%.
Red Bluff's average rate one year ago was 7.4%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.52%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Red Bluff 30 Year Fixed Rate | 2024-10-10 | 6.13% |
Red Bluff 30 Year Fixed Rate Refi | 2024-10-10 | 6.52% |
Red Bluff 15 Year Fixed Rate | 2024-10-10 | 5.51% |
Red Bluff 15 Year Fixed Rate Refi | 2024-10-10 | 5.91% |
Red Bluff 30 Year FHA | 2024-10-10 | 5.84% |
Red Bluff 30 Year FHA Refi | 2024-10-10 | 6.2% |
Red Bluff 30 Year USDA | 2024-10-10 | 5.88% |
Red Bluff 30 Year USDA Refi | 2024-10-10 | 6.28% |
Red Bluff 30 Year VA | 2024-10-10 | 6.05% |
Red Bluff 30 Year VA Refi | 2024-10-10 | 5.85% |
Red Bluff 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 Red Bluff, 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.).
Red Bluff Average Closing Costs & Other Stats
Red Bluff, CA's 73 lenders originated 851
loans during 2023. The total origination value was $192,685,000, with an average loan value of
$226,422.
Red Bluff's average closing costs are $6,052.
The top Red Bluff lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with
39 loans originated. Their average total fees are
$8,854, which is $1,404
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Red Bluff lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($7,450), American Mortgage & Equity Consultants, Inc. ($7,523), INFINITY EQUITY GROUP, INC. ($8,382), UNITED WHOLESALE MORTGAGE, LLC ($8,633) and PRIMELENDING, A PLAINSCAPITAL COMPANY ($8,854).
The lowest rate Red Bluff lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.73%), SUMMIT FUNDING, INC. (6.78%), American Mortgage & Equity Consultants, Inc. (6.81%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.84%) and PRIMELENDING, A PLAINSCAPITAL COMPANY (6.94%).
Red Bluff, 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 |
---|---|---|---|---|
Commerce Home Mortgage, Inc. | $29,030,000 | $23,525,000 | -19.0% | 12.2% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $22,920,000 | $17,235,000 | -24.8% | 8.9% |
SUMMIT FUNDING, INC. | $23,225,000 | $13,970,000 | -39.8% | 7.3% |
QUICKEN LOANS, LLC | $27,940,000 | $11,740,000 | -58.0% | 6.1% |
UNITED WHOLESALE MORTGAGE, LLC | $18,190,000 | $11,480,000 | -36.9% | 6.0% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $17,375,000 | $8,380,000 | -51.8% | 4.3% |
GUILD MORTGAGE COMPANY | $4,145,000 | $4,330,000 | 4.5% | 2.2% |
MOVEMENT MORTGAGE, LLC | $17,565,000 | $4,180,000 | -76.2% | 2.2% |
American Mortgage & Equity Consultants, Inc. | $3,885,000 | n/a | 2.0% | |
U.S. Bank | $8,465,000 | $3,765,000 | -55.5% | 2.0% |
INFINITY EQUITY GROUP, INC. | $2,965,000 | $3,280,000 | 10.6% | 1.7% |
CROSSCOUNTRY MORTGAGE, LLC | $1,455,000 | $2,885,000 | 98.3% | 1.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $3,190,000 | $2,825,000 | -11.4% | 1.5% |
MEGASTAR FINANCIAL CORP. | $1,190,000 | $2,705,000 | 127.3% | 1.4% |
ON Q FINANCIAL, INC. | $2,675,000 | n/a | 1.4% | |
Banner Bank | $6,005,000 | $2,665,000 | -55.6% | 1.4% |
CALIBER HOME LOANS, INC. | $14,315,000 | $2,650,000 | -81.5% | 1.4% |
Mortgage Research Center, LLC | $4,455,000 | $2,600,000 | -41.6% | 1.3% |
Sierra Central Credit Union | $3,385,000 | $2,515,000 | -25.7% | 1.3% |
Sierra Pacific Mortgage Company, Inc. | $1,955,000 | $2,275,000 | 16.4% | 1.2% |
NEWREZ LLC | $1,945,000 | $2,270,000 | 16.7% | 1.2% |
Umpqua Bank | $5,200,000 | $2,255,000 | -56.6% | 1.2% |
Tri Counties Bank | $5,890,000 | $2,175,000 | -63.1% | 1.1% |
LOANDEPOT.COM, LLC | $4,555,000 | $2,010,000 | -55.9% | 1.0% |
Mr. Cooper ( Nationstar Mortgage ) | $2,810,000 | $1,905,000 | -32.2% | 1.0% |
MASON MCDUFFIE MORTGAGE CORPORATION | $325,000 | $1,840,000 | 466.2% | 1.0% |
Paramount Residential Mortgage Group, Inc. | $1,440,000 | $1,755,000 | 21.9% | 0.9% |
FREEDOM MORTGAGE CORPORATION | $5,285,000 | $1,715,000 | -67.5% | 0.9% |
ACADEMY MORTGAGE CORPORATION | $745,000 | $1,625,000 | 118.1% | 0.8% |
PENNYMAC LOAN SERVICES, LLC | $3,560,000 | $1,605,000 | -54.9% | 0.8% |
Cornerstone First Mortgage, Inc | $155,000 | $1,585,000 | 922.6% | 0.8% |
Wells Fargo Bank | $4,030,000 | $1,315,000 | -67.4% | 0.7% |
Flagstar Bank, FSB | $3,325,000 | $1,230,000 | -63.0% | 0.6% |
MORTGAGEONE, INC. | $1,200,000 | n/a | 0.6% | |
JPMorgan Chase Bank | $1,785,000 | $1,080,000 | -39.5% | 0.6% |
BROKER SOLUTIONS, INC. | $1,465,000 | $1,055,000 | -28.0% | 0.5% |
LAND HOME FINANCIAL SERVICES, INC. | $1,005,000 | n/a | 0.5% | |
NAVY FEDERAL CREDIT UNION | $725,000 | $960,000 | 32.4% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $1,940,000 | $950,000 | -51.0% | 0.5% |
THE GOLDEN 1 | $585,000 | $930,000 | 59.0% | 0.5% |
Century Mortgage Company DBA Century Lending Company | $510,000 | $860,000 | 68.6% | 0.4% |
Northwest Farm Credit Services, FLCA | $465,000 | $860,000 | 84.9% | 0.4% |
CASTLE & COOKE MORTGAGE, LLC | $850,000 | n/a | 0.4% | |
CHURCHILL MORTGAGE CORPORATION | $840,000 | n/a | 0.4% | |
NATIONS DIRECT MORTGAGE, LLC | $1,685,000 | $795,000 | -52.8% | 0.4% |
ALLIANT CREDIT UNION | $345,000 | $775,000 | 124.6% | 0.4% |
LOANPAL, LLC | $1,215,000 | $770,000 | -36.6% | 0.4% |
OCMBC, INC. | $760,000 | n/a | 0.4% | |
Stifel Bank and Trust | $355,000 | $730,000 | 105.6% | 0.4% |
INTERCAP LENDING INC. | $690,000 | n/a | 0.4% | |
MID AMERICA MORTGAGE, INC. | $665,000 | n/a | 0.3% | |
Bank of America | $2,025,000 | $660,000 | -67.4% | 0.3% |
CARDINAL FINANCIAL | $1,770,000 | $635,000 | -64.1% | 0.3% |
PHH Mortgage Corporation | $625,000 | $585,000 | -6.4% | 0.3% |
Plains Commerce Bank | $575,000 | n/a | 0.3% | |
Figure Lending LLC | $435,000 | $550,000 | 26.4% | 0.3% |
NEW DAY FINANCIAL, LLC | $330,000 | $540,000 | 63.6% | 0.3% |
ZILLOW HOME LOANS, LLC | $540,000 | $520,000 | -3.7% | 0.3% |
JMJ FINANCIAL GROUP | $495,000 | n/a | 0.3% | |
ALAMEDA MORTGAGE CORPORATION | $405,000 | $480,000 | 18.5% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $640,000 | $480,000 | -25.0% | 0.2% |
Citizens Bank | $465,000 | n/a | 0.2% | |
A&D Mortgage LLC | $460,000 | n/a | 0.2% | |
CMG MORTGAGE, INC. | $460,000 | n/a | 0.2% | |
UNION HOME MORTGAGE CORP. | $455,000 | n/a | 0.2% | |
VILLAGE CAPITAL MORTGAGE | $2,060,000 | $450,000 | -78.2% | 0.2% |
The Federal Savings Bank | $385,000 | $445,000 | 15.6% | 0.2% |
LENDINGHOME FUNDING CORPORATION | $770,000 | $405,000 | -47.4% | 0.2% |
HOMEXPRESS MORTGAGE CORP. | $400,000 | n/a | 0.2% | |
SNAPFI, INC. | $400,000 | n/a | 0.2% | |
SCHOOLSFIRST | $115,000 | $395,000 | 243.5% | 0.2% |
Franklin Loan Corporation | $380,000 | n/a | 0.2% | |
The Loan Store, Inc. | $380,000 | n/a | 0.2% | |
PLANET HOME LENDING, LLC | $275,000 | $375,000 | 36.4% | 0.2% |
MEMBERS 1ST CREDIT UNION | $220,000 | $365,000 | 65.9% | 0.2% |
Operating Engineers Local Union #3 | $470,000 | $365,000 | -22.3% | 0.2% |
FOUNDATION MORTGAGE CORPORATION | $355,000 | n/a | 0.2% | |
TRAVIS CREDIT UNION | $540,000 | $355,000 | -34.3% | 0.2% |
GENEVA FINANCIAL, LLC | $690,000 | $335,000 | -51.4% | 0.2% |
Discover Bank | $230,000 | $330,000 | 43.5% | 0.2% |
AXIA FINANCIAL, LLC | $1,440,000 | $320,000 | -77.8% | 0.2% |
Equity Prime Mortgage LLC | $285,000 | $310,000 | 8.8% | 0.2% |
Lakeview Community Capital, LLC | $80,000 | $305,000 | 281.3% | 0.2% |
AmeriHome Mortgage Company, LLC | $1,160,000 | $295,000 | -74.6% | 0.2% |
BMO Harris Bank | $295,000 | n/a | 0.2% | |
NexBank | $285,000 | n/a | 0.1% | |
SUN WEST MORTGAGE COMPANY, INC. | $520,000 | $265,000 | -49.0% | 0.1% |
UNCLE Credit Union | $260,000 | n/a | 0.1% | |
RESIDENTIAL BANCORP | $550,000 | $255,000 | -53.6% | 0.1% |
Carrington Mortgage Services, LLC | $1,155,000 | $250,000 | -78.4% | 0.1% |
LIBERTY HOME MORTGAGE CORPORATION | $245,000 | n/a | 0.1% | |
AMWEST FUNDING CORP. | $625,000 | $235,000 | -62.4% | 0.1% |
LONGBRIDGE FINANCIAL, LLC | $530,000 | $235,000 | -55.7% | 0.1% |
Magnolia Bank | $560,000 | $235,000 | -58.0% | 0.1% |
CORNERSTONE HOME LENDING, INC. | $230,000 | n/a | 0.1% | |
OPEN MORTGAGE, LLC | $520,000 | $230,000 | -55.8% | 0.1% |
VERITAS FUNDING, LLC | $225,000 | n/a | 0.1% | |
USAA Federal Savings Bank | $1,125,000 | $215,000 | -80.9% | 0.1% |
Third Federal Savings and Loan Association of Cleveland | $210,000 | n/a | 0.1% | |
Axos Bank | $195,000 | n/a | 0.1% | |
EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $195,000 | n/a | 0.1% | |
Self-Help Federal Credit Union | $195,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $710,000 | $185,000 | -73.9% | 0.1% |
DOMINION FINANCIAL SERVICES, LLC | $185,000 | n/a | 0.1% | |
AMERICAN HERITAGE LENDING, INC. | $175,000 | n/a | 0.1% | |
CALCON MUTUAL MORTGAGE LLC | $175,000 | n/a | 0.1% | |
Citadel Servicing Corporation | $175,000 | n/a | 0.1% | |
LANTZMAN MANAGEMENT, INC. | $175,000 | n/a | 0.1% | |
Merchants Mortgage & Trust Corporation | $175,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $135,000 | $165,000 | 22.2% | 0.1% |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $135,000 | n/a | 0.1% | |
FINANCE OF AMERICA REVERSE LLC | $475,000 | $125,000 | -73.7% | 0.1% |
CHERRY CREEK MORTGAGE, LLC | $135,000 | $115,000 | -14.8% | 0.1% |
ITHINK FINANCIAL Credit Union | $105,000 | n/a | 0.1% | |
Mechanics Bank | $695,000 | $105,000 | -84.9% | 0.1% |
Nations Lending Corporation | $765,000 | $105,000 | -86.3% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $465,000 | $105,000 | -77.4% | 0.1% |
PNC Bank | $195,000 | $105,000 | -46.2% | 0.1% |
JMAC LENDING, INC. | $545,000 | $95,000 | -82.6% | 0.0% |
NMSI, INC. | $245,000 | $95,000 | -61.2% | 0.0% |
Truist | $225,000 | $95,000 | -57.8% | 0.0% |
Barrington Bank & Trust Company, N.A. | $85,000 | n/a | 0.0% | |
Prosperity Home Mortgage, LLC | $575,000 | $85,000 | -85.2% | 0.0% |
City National Bank | $75,000 | n/a | 0.0% | |
Coastal Community Bank | $60,000 | n/a | 0.0% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $165,000 | $55,000 | -66.7% | 0.0% |
Firefighters First Federal Credit Union | $75,000 | $35,000 | -53.3% | 0.0% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,820,000 | $25,000 | -98.6% | 0.0% |
Red Bluff's top lender by overall market share is Commerce Home Mortgage, Inc., with 12.2% market share. In second place, with 8.9%, is PRIMELENDING, A PLAINSCAPITAL COMPANY, having originated $17,235,000 in loans. In third place, with 7.3%, is SUMMIT FUNDING, INC., having originated $13,970,000 in loans. In fourth place, with 6.1%, is QUICKEN LOANS, LLC, having originated $11,740,000 in loans. In fifth place, with 6.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $11,480,000 in loans.
Red Bluff, CA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 552 | $150,310,000 | $272,301 |
Cash Out Refi | 111 | $20,715,000 | $186,622 |
Refi | 76 | $11,880,000 | $156,316 |
Other | 58 | $5,290,000 | $91,207 |
Home Improvement | 54 | $4,490,000 | $83,148 |
Red Bluff's most frequently cited loan purpose was Home Purchase, with 552 originations. The 2nd most popular reason was Cash Out Refi, with 111 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 314 | $86,420,000 | $275,223 |
7-8% | 179 | $47,625,000 | $266,061 |
Over 8% | 165 | $18,765,000 | $113,727 |
5-6% | 123 | $34,825,000 | $283,130 |
<2.5% | 59 | $1,145,000 | $19,407 |
4-5% | 10 | $3,010,000 | $301,000 |
During 2023, Red Bluff's most frequently originated rate bucket was 6-7%, with 314 originations.
Loan Sizing (Red Bluff, CA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 395 | $115,905,000 | $293,430 |
$100,000 or less | 208 | $9,370,000 | $45,048 |
$100k-200k | 164 | $25,000,000 | $152,439 |
$400k-600k | 68 | $31,390,000 | $461,618 |
$600k-1000k | 16 | $11,020,000 | $688,750 |
Red Bluff's loan sizing saw the bucket of loans from $200k-400k with 395 originations, totaling $115,905,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 378 | $116,350,000 | $307,804 |
Under 20% | 162 | $6,540,000 | $40,370 |
60-80% | 132 | $38,390,000 | $290,833 |
20-40% | 84 | $9,320,000 | $110,952 |
40-60% | 77 | $15,695,000 | $203,831 |
Over 100% | 13 | $4,735,000 | $364,231 |
Red Bluff's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 378 originations, totaling $116,350,000 in origination value.