REDDING Mortgage Rates
30 Year Fixed Rate mortgages in Redding averaged
3.19%
for the week of 2021-12-02, compared to the national average of
3.11% for the same period.
The average rate for the prior week (2021-11-24) was
3.38% and
one month ago for the week of 2021-10-28, the
average rate was 3.22%.
Redding's average rate one year ago was 3%.
For refis of the same type during the week of 2021-12-02, the average rate
was 3.42%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2021-12-02 | 3.11% |
| Redding 30 Year Fixed Rate | 2021-12-02 | 3.19% |
| Redding 30 Year Fixed Rate Refi | 2021-12-02 | 3.42% |
| Redding 15 Year Fixed Rate | 2021-12-02 | 3.07% |
| Redding 15 Year Fixed Rate Refi | 2021-12-02 | 2.78% |
| Redding 30 Year FHA | 2021-12-02 | 3.42% |
| Redding 30 Year FHA Refi | 2021-12-02 | 3.34% |
| Redding 30 Year USDA | 2021-12-02 | 3.43% |
| Redding 30 Year USDA Refi | 2021-12-02 | 3.07% |
| Redding 30 Year VA | 2021-12-02 | 3% |
| Redding 30 Year VA Refi | 2021-12-02 | 2.62% |
REDDING Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the REDDING, 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.).
REDDING, CA's 231 lenders originated 9,570
loans during 2020. The total origination value was $2,407,530,000, with an average loan value of
$251,571.
The top REDDING lender as defined by loan originations is Commerce Home Mortgage, Inc., with
628 loans originated. Their average total fees are
$4,528, which is $207
lower than the next largest lender,
AMERICAN PACIFIC MORTGAGE CORPORATION.
The lowest fee REDDING lenders (with over 10 loans originated) are
Fremont Bank ($1,140), Strong Home Mortgage, LLC ($1,227), EVERETT FINANCIAL, INC. ($1,813), FREEDOM MORTGAGE CORPORATION ($1,995) and Stifel Bank and Trust ($2,135).
The lowest rate REDDING lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (2.89%), BETTER MORTGAGE CORPORATION (2.94%), INFINITY EQUITY GROUP, INC. (2.97%), Watermark Capital, Inc. (2.99%) and UNITED WHOLESALE MORTGAGE, LLC (3.05%).
REDDING, CA Lender 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 | 2019 Loan Value | 2020 Loan Value | % Change | 2020 Market Share |
|---|---|---|---|---|
| Commerce Home Mortgage Inc. | $120,790,000 | $251,215,000 | 108.0% | 10.4% |
| American Pacific Mortgage Corporation | $138,040,000 | $250,860,000 | 81.7% | 10.4% |
| Quicken Loans | $87,590,000 | $170,885,000 | 95.1% | 7.1% |
| United Shore Financial Services LLC | $43,185,000 | $100,050,000 | 131.7% | 4.2% |
| Midwest Equity Mortgage LLC | $29,860,000 | $97,260,000 | 225.7% | 4.0% |
| Flagstar Bank | $78,435,000 | $91,680,000 | 16.9% | 3.8% |
| PRIMELENDING | $46,360,000 | $73,625,000 | 58.8% | 3.1% |
| Freedom Mortgage Corporation | $19,550,000 | $67,030,000 | 242.9% | 2.8% |
| NEWREZ LLC | $19,205,000 | $57,115,000 | 197.4% | 2.4% |
| Megastar Financial Corporation | $32,390,000 | $53,710,000 | 65.8% | 2.2% |
| Summit Funding Inc. | $24,220,000 | $52,850,000 | 118.2% | 2.2% |
| Guild Mortgage Company | $25,300,000 | $52,800,000 | 108.7% | 2.2% |
| Home Point Financial Corporation | $15,180,000 | $47,280,000 | 211.5% | 2.0% |
| TRI COUNTIES BANK | $48,815,000 | $47,115,000 | -3.5% | 2.0% |
| MOVEMENT MORTGAGE, LLC | $26,905,000 | $44,820,000 | 66.6% | 1.9% |
| US BANK, N.A. | $33,330,000 | $40,585,000 | 21.8% | 1.7% |
| Infinity Equity Group, Inc | $40,460,000 | n/a | 1.7% | |
| Citibank, N.A. | $375,000 | $34,190,000 | 9,017.3% | 1.4% |
| Nationstar Mortgage | $16,145,000 | $30,940,000 | 91.6% | 1.3% |
| Caliber Home Loans Inc | $15,280,000 | $29,315,000 | 91.9% | 1.2% |
| loanDepot LLC | $19,195,000 | $28,945,000 | 50.8% | 1.2% |
| Sierra Pacific Mortgage | $18,605,000 | $25,890,000 | 39.2% | 1.1% |
| Umpqua Bank | $15,745,000 | $23,645,000 | 50.2% | 1.0% |
| PENNYMAC LOAN SERVICES LLC | $15,110,000 | $23,225,000 | 53.7% | 1.0% |
| WELLS FARGO BANK NA | $28,805,000 | $23,095,000 | -19.8% | 1.0% |
| Amerifirst Financial Inc. | $11,090,000 | $20,805,000 | 87.6% | 0.9% |
| Dignified Home Loans, LLC | $9,200,000 | $20,590,000 | 123.8% | 0.9% |
| JPMorgan Chase Bank, NA | $14,970,000 | $20,530,000 | 37.1% | 0.9% |
| FAIRWAY INDEPENDENT MORT CORP | $8,250,000 | $19,835,000 | 140.4% | 0.8% |
| Bank of America NA | $16,525,000 | $19,190,000 | 16.1% | 0.8% |
| Paramount Residential Mortgage Group Inc. | $11,795,000 | $18,960,000 | 60.7% | 0.8% |
| Amerisave Mortgage Corporation | $3,115,000 | $17,020,000 | 446.4% | 0.7% |
| Sierra Central Credit Union | $5,400,000 | $15,850,000 | 193.5% | 0.7% |
| Axia Financial LLC | $10,650,000 | $15,665,000 | 47.1% | 0.7% |
| Gold Star Mortgage Financial Group, Corporation | $8,955,000 | $15,300,000 | 70.9% | 0.6% |
| Members 1st Credit Union | $8,730,000 | $12,060,000 | 38.1% | 0.5% |
| Mortgage Research Center LLC | $8,695,000 | $11,685,000 | 34.4% | 0.5% |
| New American Funding (dba for Broker Solutions Inc) | $4,185,000 | $10,735,000 | 156.5% | 0.4% |
| Provident Funding Associates | $11,180,000 | $10,525,000 | -5.9% | 0.4% |
| Lakeview Loan Servicing, LLC | $5,615,000 | $9,590,000 | 70.8% | 0.4% |
| The Federal Savings Bank | $3,845,000 | $9,535,000 | 148.0% | 0.4% |
| Synergy One Lending | $2,680,000 | $9,460,000 | 253.0% | 0.4% |
| Plaza Home Mortgage Inc. | $695,000 | $9,235,000 | 1,228.8% | 0.4% |
| American Financial Network Inc. | $3,535,000 | $9,160,000 | 159.1% | 0.4% |
| Better Mortgage Corporation | $2,675,000 | $8,420,000 | 214.8% | 0.3% |
| Village Capital & Investment | $1,020,000 | $7,915,000 | 676.0% | 0.3% |
| Clearpath Lending | $4,810,000 | $7,735,000 | 60.8% | 0.3% |
| Member First Mortgage LLC | $1,240,000 | $7,650,000 | 516.9% | 0.3% |
| Finance of America Mortgage LLC | $4,755,000 | $7,415,000 | 55.9% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $4,360,000 | $7,075,000 | 62.3% | 0.3% |
| Mason-McDuffie Mortgage Corporation | $2,060,000 | $6,895,000 | 234.7% | 0.3% |
| Nations Direct Mortgage LLC | $2,350,000 | $6,455,000 | 174.7% | 0.3% |
| USAA FEDERAL SAVINGS BANK | $8,320,000 | $6,410,000 | -23.0% | 0.3% |
| The Golden 1 Credit Union | $5,335,000 | $6,305,000 | 18.2% | 0.3% |
| NMSI Inc | $6,220,000 | n/a | 0.3% | |
| Stifel Bank and Trust | $4,940,000 | $6,200,000 | 25.5% | 0.3% |
| HomeBridge Financial Services, Inc. | $7,055,000 | $6,010,000 | -14.8% | 0.2% |
| CARRINGTON MORTGAGE SERVICES | $2,070,000 | $5,900,000 | 185.0% | 0.2% |
| LoanPal | $4,395,000 | $5,710,000 | 29.9% | 0.2% |
| NewDay Financial LLC dba NewDay USA | $2,450,000 | $5,250,000 | 114.3% | 0.2% |
| Stearns Lending | $5,245,000 | $5,075,000 | -3.2% | 0.2% |
| Intercontinental Capital Group, Inc. | $1,605,000 | $4,915,000 | 206.2% | 0.2% |
| MUFG Union Bank, NA | $6,520,000 | $4,675,000 | -28.3% | 0.2% |
| Banner Bank | $8,165,000 | $4,670,000 | -42.8% | 0.2% |
| NBKC Bank | $2,515,000 | $4,630,000 | 84.1% | 0.2% |
| JMAC Lending Incorporated | $1,210,000 | $4,560,000 | 276.9% | 0.2% |
| Sun West Mortgage Company Inc. | $2,445,000 | $4,505,000 | 84.3% | 0.2% |
| Watermark Home Loans | $4,370,000 | n/a | 0.2% | |
| Cardinal Financial Company LP | $1,540,000 | $4,315,000 | 180.2% | 0.2% |
| Network Capital Funding Corporation | $960,000 | $4,315,000 | 349.5% | 0.2% |
| Sovereign Lending Group, Inc | $4,040,000 | $4,090,000 | 1.2% | 0.2% |
| Redwood Credit Union | $1,455,000 | $3,865,000 | 165.6% | 0.2% |
| Impac Mortgage Corp. dba CashCall Mortgage | $7,625,000 | $3,810,000 | -50.0% | 0.2% |
| Prudential Multifamily Mortgage, LLC. | $3,785,000 | n/a | 0.2% | |
| Ladera Lending, Inc. | $1,190,000 | $3,720,000 | 212.6% | 0.2% |
| CMG Mortgage Inc. | $2,620,000 | $3,705,000 | 41.4% | 0.2% |
| Fremont Bank | $2,350,000 | $3,680,000 | 56.6% | 0.2% |
| Capital One, NA | $3,560,000 | n/a | 0.1% | |
| PNC BANK NA | $690,000 | $3,560,000 | 415.9% | 0.1% |
| Supreme Lending/ Everett Financial Inc. | $825,000 | $3,450,000 | 318.2% | 0.1% |
| First Guaranty Mortgage Corporation | $500,000 | $3,310,000 | 562.0% | 0.1% |
| Nations Lending Corporation | $1,525,000 | $3,250,000 | 113.1% | 0.1% |
| American Financial Resources Inc. | $3,995,000 | $3,095,000 | -22.5% | 0.1% |
| AAG | $1,060,000 | $2,945,000 | 177.8% | 0.1% |
| Operating Engineers Federal Credit Union | $470,000 | $2,665,000 | 467.0% | 0.1% |
| Prime Choice Funding, Inc. | $1,140,000 | $2,665,000 | 133.8% | 0.1% |
| Mid America Mortgage Inc. | $2,850,000 | $2,640,000 | -7.4% | 0.1% |
| Wyndham Capital Mortgage | $1,390,000 | $2,580,000 | 85.6% | 0.1% |
| First Savings Bank | $335,000 | $2,425,000 | 623.9% | 0.1% |
| Mechanics Bank | $155,000 | $2,400,000 | 1,448.4% | 0.1% |
| LendUS LLC dba RPM Mortgage | $665,000 | $2,350,000 | 253.4% | 0.1% |
| Patelco Credit Union | $1,285,000 | $2,290,000 | 78.2% | 0.1% |
| Mountain West Financial Inc. | $1,135,000 | $2,220,000 | 95.6% | 0.1% |
| Golden Empire Mortgage, Inc. | $1,070,000 | $2,120,000 | 98.1% | 0.1% |
| AmWest Funding Corp. | $1,385,000 | $2,100,000 | 51.6% | 0.1% |
| Tri-Emerald Financial Group Inc. | $245,000 | $2,090,000 | 753.1% | 0.1% |
| Land Home Financial Services Inc. | $1,185,000 | $2,010,000 | 69.6% | 0.1% |
| Planet Home Lending LLC | $1,655,000 | $2,005,000 | 21.1% | 0.1% |
| Guaranteed Rate Inc. | $1,255,000 | $1,955,000 | 55.8% | 0.1% |
| TCF National Bank | $2,200,000 | $1,940,000 | -11.8% | 0.1% |
| WEI Mortgage LLC | $715,000 | $1,895,000 | 165.0% | 0.1% |
| North American Savings Bank | $1,080,000 | $1,720,000 | 59.3% | 0.1% |
| Low VA Rates | $1,245,000 | $1,700,000 | 36.5% | 0.1% |
| Pacific Service Credit Union | $1,665,000 | $1,695,000 | 1.8% | 0.1% |
| FirstBank | $1,135,000 | $1,650,000 | 45.4% | 0.1% |
| Premier Mortgage Resources LLC | $1,230,000 | $1,625,000 | 32.1% | 0.1% |
| Primary Residential Mortgage Inc. | $720,000 | $1,615,000 | 124.3% | 0.1% |
| Homeowners Financial Group | $3,530,000 | $1,595,000 | -54.8% | 0.1% |
| ARVEST BANK | $850,000 | $1,570,000 | 84.7% | 0.1% |
| Pentagon Federal Credit Union | $340,000 | $1,550,000 | 355.9% | 0.1% |
| COMPASS BANK | $2,770,000 | $1,515,000 | -45.3% | 0.1% |
| Provident Credit Union | $105,000 | $1,450,000 | 1,281.0% | 0.1% |
| Loan Simple Inc | $31,660,000 | $1,420,000 | -95.5% | 0.1% |
| 21ST MORTGAGE | $930,000 | $1,395,000 | 50.0% | 0.1% |
| Royal United Mortgage LLC | $750,000 | $1,395,000 | 86.0% | 0.1% |
| KeyBank National Association | $580,000 | $1,315,000 | 126.7% | 0.1% |
| Open Mortgage LLC | $725,000 | $1,295,000 | 78.6% | 0.1% |
| American Financing Corporation | $965,000 | $1,285,000 | 33.2% | 0.1% |
| Parkside Lending LLC | $145,000 | $1,255,000 | 765.5% | 0.1% |
| Churchill Mortgage Corporation | $1,820,000 | $1,235,000 | -32.1% | 0.1% |
| AimLoan.com | $1,335,000 | $1,205,000 | -9.7% | 0.1% |
| SoFi Lending Corp | $1,170,000 | $1,175,000 | 0.4% | 0.0% |
| MLD Mortgage Inc. | $1,150,000 | n/a | 0.0% | |
| Bay Equity LLC | $640,000 | $1,140,000 | 78.1% | 0.0% |
| AmeriHomeMortgageCompany,LL | $1,390,000 | $1,100,000 | -20.9% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $275,000 | $1,100,000 | 300.0% | 0.0% |
| E Mortgage Management LLC | $960,000 | $1,080,000 | 12.5% | 0.0% |
| Nudge Funding LLC | $1,080,000 | n/a | 0.0% | |
| Michigan Mutual, Inc. DBA MiMutual Mortgage | $700,000 | $1,065,000 | 52.1% | 0.0% |
| Evergreen Moneysource Mortgage Company | $560,000 | $1,055,000 | 88.4% | 0.0% |
| Interactive Mortgage | $1,320,000 | $1,035,000 | -21.6% | 0.0% |
| Finance of America Reverse LLC | $540,000 | $1,030,000 | 90.7% | 0.0% |
| First Technology Credit Union | $750,000 | $970,000 | 29.3% | 0.0% |
| Equity Prime Mortgage LLC | $215,000 | $960,000 | 346.5% | 0.0% |
| Quorum Federal Credit Union | $610,000 | $915,000 | 50.0% | 0.0% |
| First Internet Bank | $910,000 | n/a | 0.0% | |
| Homeside Financial LLC | $295,000 | $910,000 | 208.5% | 0.0% |
| PHH MORTGAGE CORPORATION | $970,000 | $910,000 | -6.2% | 0.0% |
| Star One Credit Union | $165,000 | $910,000 | 451.5% | 0.0% |
| Reverse Mortgage Funding LLC | $260,000 | $895,000 | 244.2% | 0.0% |
| Alliant Credit Union | $180,000 | $865,000 | 380.6% | 0.0% |
| Cherry Creek Mortgage Co. Inc. | $735,000 | $865,000 | 17.7% | 0.0% |
| Northpointe Bank | $700,000 | $835,000 | 19.3% | 0.0% |
| BM REAL ESTATE SERVICES, INC. | $365,000 | $830,000 | 127.4% | 0.0% |
| Magnolia Bank Incorporated | $775,000 | $830,000 | 7.1% | 0.0% |
| TIAA, FSB | $335,000 | $815,000 | 143.3% | 0.0% |
| Barrington Bank & Trust | $1,305,000 | $805,000 | -38.3% | 0.0% |
| Homestead Funding Corp. | $600,000 | $795,000 | 32.5% | 0.0% |
| Coastal Funding SLC Inc. | $780,000 | n/a | 0.0% | |
| CBNA | $400,000 | $745,000 | 86.3% | 0.0% |
| LendingHome Funding Corporation | $335,000 | $745,000 | 122.4% | 0.0% |
| M&T Bank | $710,000 | n/a | 0.0% | |
| Discover Bank | $560,000 | $705,000 | 25.9% | 0.0% |
| Guaranteed Rate Affinity LLC | $1,335,000 | $705,000 | -47.2% | 0.0% |
| ZB, N.A. | $705,000 | n/a | 0.0% | |
| First Choice Loan Services Inc. | $1,420,000 | $700,000 | -50.7% | 0.0% |
| Sea West Coast Guard Federal Credit Union | $700,000 | n/a | 0.0% | |
| All Reverse Mortgage Inc | $690,000 | n/a | 0.0% | |
| Evolve Bank & Trust | $690,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $605,000 | $675,000 | 11.6% | 0.0% |
| Travis Credit Union | $320,000 | $670,000 | 109.4% | 0.0% |
| Envoy Mortgage Ltd. | $935,000 | $665,000 | -28.9% | 0.0% |
| SchoolsFirst Federal Credit Union | $400,000 | $665,000 | 66.3% | 0.0% |
| Third Federal Savings and Loan | $435,000 | $660,000 | 51.7% | 0.0% |
| Alterra Group LLC dba Alterra Home Loans | $135,000 | $640,000 | 374.1% | 0.0% |
| Hometown Equity Mortgage LLC | $640,000 | n/a | 0.0% | |
| Nexera Holding LLC | $630,000 | n/a | 0.0% | |
| US Mortgage of Florida | $620,000 | n/a | 0.0% | |
| BANK OF STOCKTON | $615,000 | n/a | 0.0% | |
| Premier Lending Inc. | $615,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $600,000 | n/a | 0.0% | |
| Florida Capital Bank National Association | $245,000 | $600,000 | 144.9% | 0.0% |
| iServe Residential Lending LLC | $600,000 | n/a | 0.0% | |
| Performance Financial, Inc. | $580,000 | n/a | 0.0% | |
| First Nations Home Finance Corporation | $570,000 | n/a | 0.0% | |
| Mortgage Lenders of America LLC | $545,000 | n/a | 0.0% | |
| Alameda Mortgage Corporation | $250,000 | $540,000 | 116.0% | 0.0% |
| NationsChoice Mortgage | $1,530,000 | $540,000 | -64.7% | 0.0% |
| PremierOne Credit Union | $530,000 | n/a | 0.0% | |
| Kwik Mortgage Corp. | $520,000 | n/a | 0.0% | |
| Directors Mortgage, Inc. | $510,000 | n/a | 0.0% | |
| BOKF NA | $690,000 | $490,000 | -29.0% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $490,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $315,000 | $490,000 | 55.6% | 0.0% |
| BNC NATIONAL BANK | $530,000 | $485,000 | -8.5% | 0.0% |
| Goldwater Bank National Association | $275,000 | $480,000 | 74.5% | 0.0% |
| Longbridge Financial, LLC | $475,000 | n/a | 0.0% | |
| FBC Mortgage LLC | $1,520,000 | $470,000 | -69.1% | 0.0% |
| Willamette Valley Bank | $470,000 | n/a | 0.0% | |
| MK LENDING CORP | $465,000 | n/a | 0.0% | |
| Val-Chris Investments Inc | $460,000 | n/a | 0.0% | |
| Cf Bank National Association | $195,000 | $455,000 | 133.3% | 0.0% |
| Farmers Insurance Group Federal Credit Union | $455,000 | n/a | 0.0% | |
| KS StateBank | $445,000 | n/a | 0.0% | |
| First Home Bank | $430,000 | n/a | 0.0% | |
| Private Mortgage Advisors, LLC | $425,000 | n/a | 0.0% | |
| JMJ Financial Group Inc. | $420,000 | n/a | 0.0% | |
| OGI Mortgage Bankers | $435,000 | $415,000 | -4.6% | 0.0% |
| Charles Schwab Bank | $335,000 | $405,000 | 20.9% | 0.0% |
| LeaderOne Financial Corp. | $405,000 | n/a | 0.0% | |
| Summit Mortgage Corporation | $335,000 | $390,000 | 16.4% | 0.0% |
| BANK OF THE WEST | $710,000 | $380,000 | -46.5% | 0.0% |
| IAPPROVE LENDING | $380,000 | n/a | 0.0% | |
| Paramount Bank | $380,000 | n/a | 0.0% | |
| United Security Financial | $380,000 | n/a | 0.0% | |
| CENTERSTATE BANK N.A. | $375,000 | n/a | 0.0% | |
| Sirva Mortgage Inc. | $375,000 | n/a | 0.0% | |
| Alaska USA Mortgage Company, LLC | $365,000 | n/a | 0.0% | |
| American Bank & Trust | $365,000 | n/a | 0.0% | |
| Axos Bank | $470,000 | $365,000 | -22.3% | 0.0% |
| Credit Human Federal Credit Union | $265,000 | $365,000 | 37.7% | 0.0% |
| UMB BANK NA | $365,000 | n/a | 0.0% | |
| LoanSnap Inc | $195,000 | $355,000 | 82.1% | 0.0% |
| Premia Mortgage, LLC | $355,000 | n/a | 0.0% | |
| Greenbox Loans Inc. | $345,000 | n/a | 0.0% | |
| HomePromise Corporation | $285,000 | $345,000 | 21.1% | 0.0% |
| Northrop Grumman Federal Credit Union | $345,000 | n/a | 0.0% | |
| Weichert Financial Services | $345,000 | n/a | 0.0% | |
| 1st Northern California Credit Union | $335,000 | n/a | 0.0% | |
| Bayshore Mortgage Funding LLC | $335,000 | $335,000 | 0.0% | 0.0% |
| FIRST UNITED BANK AND TRUST CO | $335,000 | n/a | 0.0% | |
| Accelerate Mortgage | $325,000 | n/a | 0.0% | |
| Mortgage Capital Partners Inc | $325,000 | n/a | 0.0% | |
| Best Capital Funding | $390,000 | $315,000 | -19.2% | 0.0% |
| V.I.P. Mortgage Inc. | $315,000 | n/a | 0.0% | |
| Logix Federal Credit Union | $720,000 | $310,000 | -56.9% | 0.0% |
| Colonial Savings | $305,000 | n/a | 0.0% | |
| Ethos Lending LLC | $305,000 | n/a | 0.0% | |
| Lenox Financial Mortgage Corp. | $305,000 | $305,000 | 0.0% | 0.0% |
| United Fidelity Funding Corp. | $305,000 | n/a | 0.0% | |
| United Mortgage Corp | $305,000 | n/a | 0.0% | |
| Alaska USA Federal Credit Union | $300,000 | n/a | 0.0% | |
| Contour Mortgage Corporation | $300,000 | n/a | 0.0% | |
| KeyPoint Credit Union | $295,000 | n/a | 0.0% | |
| Draper and Kramer Mortgage Corp. | $285,000 | n/a | 0.0% | |
| FedEx Employees Credit Association | $285,000 | n/a | 0.0% | |
| Guaranty Trust Company | $285,000 | n/a | 0.0% | |
| Professional Consolidated Financial Group Inc. | $285,000 | n/a | 0.0% | |
| Athas Capital Group | $475,000 | $275,000 | -42.1% | 0.0% |
| Branch Banking And Trust Co | $165,000 | $275,000 | 66.7% | 0.0% |
| People's Bank of Commerce | $275,000 | n/a | 0.0% | |
| Connexus Credit Union | $270,000 | n/a | 0.0% | |
| Bay Valley Mortgage Group DBA Pacific Bay Lending Group | $265,000 | n/a | 0.0% | |
| Blue Ridge Bank, NA | $265,000 | n/a | 0.0% | |
| Finance of America Commercial LLC | $295,000 | $265,000 | -10.2% | 0.0% |
| Firefighters First Credit Union | $510,000 | $265,000 | -48.0% | 0.0% |
| FIRST US COMMUNITY CREDIT UNION | $115,000 | $265,000 | 130.4% | 0.0% |
| Nationwide Mortgage Bankers Inc. | $185,000 | $265,000 | 43.2% | 0.0% |
| NFM, Inc. | $265,000 | n/a | 0.0% | |
| Geneva Financial LLC | $235,000 | $260,000 | 10.6% | 0.0% |
| Citywide Home Loans A Utah Corporation | $115,000 | $255,000 | 121.7% | 0.0% |
| Justice Federal Credit Union | $115,000 | $255,000 | 121.7% | 0.0% |
| Mortgage Solutions of Colorado LLC | $255,000 | n/a | 0.0% | |
| Royal Business Bank | $255,000 | $255,000 | 0.0% | 0.0% |
| SPRING EQ, LLC | $265,000 | $255,000 | -3.8% | 0.0% |
| Calculated Risk Analytics LLC dba Excelerate Capital | $315,000 | $245,000 | -22.2% | 0.0% |
| Community First National Bank | $245,000 | n/a | 0.0% | |
| METROPOLITAN HOME MORTGAGE | $270,000 | $245,000 | -9.3% | 0.0% |
| Midwest Loan Services Inc | $245,000 | n/a | 0.0% | |
| Triad Financial Services Inc | $105,000 | $245,000 | 133.3% | 0.0% |
| 1st Security Bank of Washington | $235,000 | n/a | 0.0% | |
| Googain Inc. | $235,000 | n/a | 0.0% | |
| OCMBC Inc. | $665,000 | $235,000 | -64.7% | 0.0% |
| SecurityNational Mortgage Company | $235,000 | n/a | 0.0% | |
| Union Home Mortgage Company | $465,000 | $235,000 | -49.5% | 0.0% |
| Mission Federal Credit Union | $230,000 | n/a | 0.0% | |
| Community Mortgage Funding LLC | $225,000 | n/a | 0.0% | |
| LendSure Mortgage Corp | $1,000,000 | $215,000 | -78.5% | 0.0% |
| On Q Financial Inc. | $215,000 | n/a | 0.0% | |
| Colten Mortgage | $135,000 | $205,000 | 51.9% | 0.0% |
| LHM Financial DBA CNN Mortgage | $205,000 | n/a | 0.0% | |
| Morgan Stanley Private Bank NA | $870,000 | $205,000 | -76.4% | 0.0% |
| Platinum Home Mortgage Corporation | $410,000 | $205,000 | -50.0% | 0.0% |
| Angel Oak Mortgage Solutions | $145,000 | $195,000 | 34.5% | 0.0% |
| Armed Forces Bank | $195,000 | $195,000 | 0.0% | 0.0% |
| Reliance First Capital LLC | $195,000 | n/a | 0.0% | |
| Wescom Central Credit Union | $195,000 | n/a | 0.0% | |
| FIRST NATIONAL BANK OF AMERICA | $115,000 | $190,000 | 65.2% | 0.0% |
| Amalgamated Bank | $185,000 | n/a | 0.0% | |
| Bank of England | $185,000 | n/a | 0.0% | |
| Oaktree Funding Corporation | $185,000 | n/a | 0.0% | |
| San Francisco Fire Credit Union | $185,000 | n/a | 0.0% | |
| Baxter Credit Union | $540,000 | $175,000 | -67.6% | 0.0% |
| Embrace Home Loans, Inc. | $505,000 | $175,000 | -65.3% | 0.0% |
| One Reverse Mortgage, LLC | $85,000 | $175,000 | 105.9% | 0.0% |
| Star Financial | $175,000 | n/a | 0.0% | |
| Academy Mortgage Corporation | $425,000 | $165,000 | -61.2% | 0.0% |
| Cascade Financial Services | $165,000 | n/a | 0.0% | |
| East West Bank | $165,000 | n/a | 0.0% | |
| Essex Mortgage | $410,000 | $165,000 | -59.8% | 0.0% |
| Inland Bank and Trust | $165,000 | n/a | 0.0% | |
| Beckham Funding Corp | $155,000 | n/a | 0.0% | |
| Peoples Mortgage Company | $255,000 | $155,000 | -39.2% | 0.0% |
| Rogue Credit Union | $155,000 | n/a | 0.0% | |
| AKT American Capital Inc | $695,000 | $145,000 | -79.1% | 0.0% |
| California Credit Union | $145,000 | $145,000 | 0.0% | 0.0% |
| Oceanside Mortgage Company | $145,000 | n/a | 0.0% | |
| S.F. Police Credit Union | $145,000 | n/a | 0.0% | |
| Digital Federal Credit Union | $135,000 | n/a | 0.0% | |
| COMERICA BANK | $105,000 | n/a | 0.0% | |
| San Mateo Credit Union | $105,000 | n/a | 0.0% | |
| Community First Credit Union | $85,000 | n/a | 0.0% | |
| Global Credit Union | $80,000 | n/a | 0.0% | |
| Great Lakes Credit Union | $75,000 | n/a | 0.0% | |
| HomeTrust Bank | $55,000 | n/a | 0.0% | |
| Home Loan Investment Bank | $25,000 | $40,000 | 60.0% | 0.0% |
| Boeing Employees' Credit Union (BECU) | $225,000 | $35,000 | -84.4% | 0.0% |
REDDING's top lender by overall market share is Commerce Home Mortgage Inc., with 10.4% market share. In second place, with 10.4%, is American Pacific Mortgage Corporation, having originated $250,860,000 in loans. In third place, with 7.1%, is Quicken Loans, having originated $170,885,000 in loans. In third place, with 4.2%, is United Shore Financial Services LLC, having originated $100,050,000 in loans. In third place, with 4.0%, is Midwest Equity Mortgage LLC, having originated $97,260,000 in loans.
REDDING, CA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 4,567 | $1,127,415,000 | $246,861 |
| Home Purchase | 2,882 | $812,680,000 | $281,985 |
| Cash Out Refi | 1,746 | $426,620,000 | $244,341 |
| Home Improvement | 207 | $22,785,000 | $110,072 |
| Other | 168 | $18,030,000 | $107,321 |
Redding's most frequently cited loan purpose was Refi, with 4,567 originations. The 2nd most popular reason was Home Purchase, with 2,882 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 4,471 | $1,111,115,000 | $248,516 |
| 2.5-3% | 3,397 | $930,105,000 | $273,802 |
| <2.5% | 832 | $202,620,000 | $243,534 |
| 4-5% | 618 | $124,570,000 | $201,570 |
| 5-6% | 128 | $19,660,000 | $153,594 |
| 6-7% | 45 | $5,635,000 | $125,222 |
| Over 8% | 28 | $3,000,000 | $107,143 |
| 7-8% | 21 | $1,735,000 | $82,619 |
During 2020, Redding's most frequently originated rate bucket was 3-4%, with 4,471 originations.
Loan Sizing (REDDING, CA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 5,488 | $1,515,520,000 | $276,152 |
| $100k-200k | 2,699 | $425,085,000 | $157,497 |
| $400k-600k | 807 | $370,565,000 | $459,188 |
| $100,000 or less | 538 | $28,280,000 | $52,565 |
| $600k-1000k | 32 | $23,510,000 | $734,688 |
| $Over $1MM | 6 | $44,570,000 | $7,428,333 |
REDDING's loan sizing saw the bucket of loans from $200k-400k with 5,488 originations, totaling $1,515,520,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 3,570 | $938,060,000 | $262,762 |
| 80-100% | 3,193 | $908,095,000 | $284,402 |
| 40-60% | 1,430 | $333,830,000 | $233,448 |
| 20-40% | 505 | $69,175,000 | $136,980 |
| Under 20% | 310 | $11,390,000 | $36,742 |
| Over 100% | 117 | $38,815,000 | $331,752 |
REDDING's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 3,570 originations, totaling $938,060,000 in origination value.