SALINAS Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Salinas averaged
3.32%
for the week of 2021-11-24, compared to the national average of
3.1% for the same period.
The average rate for the prior week (2021-11-18) was
3.42% and
one month ago for the week of 2021-10-21, the
average rate was 3.01%.
Salinas's average rate one year ago was 3.04%.
For refis of the same type during the week of 2021-11-24, the average rate
was 3.23%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2021-11-24 | 3.1% |
| Salinas 30 Year Fixed Rate | 2021-11-24 | 3.32% |
| Salinas 30 Year Fixed Rate Refi | 2021-11-24 | 3.23% |
| Salinas 15 Year Fixed Rate | 2021-11-24 | 2.41% |
| Salinas 15 Year Fixed Rate Refi | 2021-11-24 | 2.44% |
| Salinas 30 Year FHA | 2021-11-24 | 3.6% |
| Salinas 30 Year FHA Refi | 2021-11-24 | 3.27% |
| Salinas 30 Year USDA | 2021-11-24 | 3.6% |
| Salinas 30 Year USDA Refi | 2021-11-24 | 3.63% |
| Salinas 30 Year VA | 2021-11-24 | 3.31% |
| Salinas 30 Year VA Refi | 2021-11-24 | 3.12% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SALINAS, CA.
SALINAS 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 SALINAS, 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.).
SALINAS, CA's 337 lenders originated 15,785
loans during 2020. The total origination value was $7,362,765,000, with an average loan value of
$466,441.
The top SALINAS lender as defined by loan originations is QUICKEN LOANS, LLC, with
1,229 loans originated. Their average total fees are
$5,849, which is $187
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee SALINAS lenders (with over 10 loans originated) are
CHERRY CREEK MORTGAGE, LLC ($913), WINNPOINTE CORPORATION ($1,037), LENDERFI, INC. ($1,148), Strong Home Mortgage, LLC ($1,343) and SUN WEST MORTGAGE COMPANY, INC. ($1,345).
The lowest rate SALINAS lenders (with over 10 loans originated) are
GRANDE HOMES, INC. (2.74%), SOVEREIGN LENDING GROUP INCORPORATED (2.77%), AMERISAVE MORTGAGE CORPORATION (2.80%), Golden Empire Mortgage, Inc. (2.82%) and Charles Schwab Bank, SSB (2.83%).
SALINAS, 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 |
|---|---|---|---|---|
| Quicken Loans | $445,495,000 | $837,610,000 | 88.0% | 11.4% |
| United Shore Financial Services LLC | $324,625,000 | $598,075,000 | 84.2% | 8.1% |
| WELLS FARGO BANK NA | $417,720,000 | $480,835,000 | 15.1% | 6.5% |
| JPMorgan Chase Bank, NA | $245,070,000 | $267,850,000 | 9.3% | 3.6% |
| Bank of America NA | $185,765,000 | $173,935,000 | -6.4% | 2.4% |
| Summit Funding Inc. | $110,360,000 | $166,385,000 | 50.8% | 2.3% |
| loanDepot LLC | $72,460,000 | $154,555,000 | 113.3% | 2.1% |
| American Pacific Mortgage Corporation | $70,800,000 | $152,510,000 | 115.4% | 2.1% |
| Home Point Financial Corporation | $20,190,000 | $148,490,000 | 635.5% | 2.0% |
| Finance of America Mortgage LLC | $134,505,000 | $133,625,000 | -0.7% | 1.8% |
| Envoy Mortgage Ltd. | $11,050,000 | $128,500,000 | 1,062.9% | 1.7% |
| Freedom Mortgage Corporation | $31,990,000 | $125,950,000 | 293.7% | 1.7% |
| FIRST REPUBLIC BANK | $67,050,000 | $120,905,000 | 80.3% | 1.6% |
| Caliber Home Loans Inc | $81,550,000 | $118,810,000 | 45.7% | 1.6% |
| US BANK, N.A. | $52,095,000 | $118,250,000 | 127.0% | 1.6% |
| LendUS LLC dba RPM Mortgage | $44,155,000 | $116,670,000 | 164.2% | 1.6% |
| American Financial Network Inc. | $24,285,000 | $110,715,000 | 355.9% | 1.5% |
| Mason-McDuffie Mortgage Corporation | $47,205,000 | $100,610,000 | 113.1% | 1.4% |
| CMG Mortgage Inc. | $41,285,000 | $96,840,000 | 134.6% | 1.3% |
| Flagstar Bank | $55,665,000 | $93,230,000 | 67.5% | 1.3% |
| Synergy One Lending | $82,750,000 | $85,135,000 | 2.9% | 1.2% |
| Guaranteed Rate Affinity LLC | $56,870,000 | $83,475,000 | 46.8% | 1.1% |
| Fremont Bank | $46,550,000 | $75,415,000 | 62.0% | 1.0% |
| MUFG Union Bank, NA | $99,160,000 | $71,950,000 | -27.4% | 1.0% |
| Citibank, N.A. | $57,990,000 | $71,765,000 | 23.8% | 1.0% |
| Nationstar Mortgage | $47,130,000 | $71,240,000 | 51.2% | 1.0% |
| PRIMELENDING | $41,360,000 | $70,730,000 | 71.0% | 1.0% |
| Morgan Stanley Private Bank NA | $59,670,000 | $65,525,000 | 9.8% | 0.9% |
| Stearns Lending | $115,490,000 | $61,595,000 | -46.7% | 0.8% |
| Sierra Pacific Mortgage | $48,315,000 | $61,205,000 | 26.7% | 0.8% |
| PENNYMAC LOAN SERVICES LLC | $27,495,000 | $60,595,000 | 120.4% | 0.8% |
| City National Bank | $18,710,000 | $56,550,000 | 202.2% | 0.8% |
| Charles Schwab Bank | $22,605,000 | $55,580,000 | 145.9% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $31,950,000 | $49,660,000 | 55.4% | 0.7% |
| UBS Bank USA | $21,380,000 | $48,165,000 | 125.3% | 0.7% |
| Bay Valley Mortgage Group DBA Pacific Bay Lending Group | $7,750,000 | $45,680,000 | 489.4% | 0.6% |
| Mountain West Financial Inc. | $19,360,000 | $45,335,000 | 134.2% | 0.6% |
| Amerisave Mortgage Corporation | $9,805,000 | $45,160,000 | 360.6% | 0.6% |
| Guild Mortgage Company | $23,250,000 | $42,675,000 | 83.5% | 0.6% |
| Inspire Home Loans | $59,065,000 | $41,095,000 | -30.4% | 0.6% |
| Mechanics Bank | $29,810,000 | $41,085,000 | 37.8% | 0.6% |
| PNC BANK NA | $64,295,000 | $37,905,000 | -41.0% | 0.5% |
| Paramount Residential Mortgage Group Inc. | $11,080,000 | $37,675,000 | 240.0% | 0.5% |
| Guaranteed Rate Inc. | $21,905,000 | $32,745,000 | 49.5% | 0.4% |
| BANK OF THE WEST | $20,975,000 | $30,760,000 | 46.7% | 0.4% |
| NEWREZ LLC | $10,375,000 | $29,920,000 | 188.4% | 0.4% |
| OGI Mortgage Bankers | $33,585,000 | $29,830,000 | -11.2% | 0.4% |
| New American Funding (dba for Broker Solutions Inc) | $9,695,000 | $26,325,000 | 171.5% | 0.4% |
| Mortgage Research Center LLC | $12,185,000 | $24,280,000 | 99.3% | 0.3% |
| Lakeview Loan Servicing, LLC | $3,835,000 | $24,235,000 | 531.9% | 0.3% |
| Better Mortgage Corporation | $3,905,000 | $23,475,000 | 501.2% | 0.3% |
| The Golden 1 Credit Union | $13,375,000 | $22,815,000 | 70.6% | 0.3% |
| Provident Funding Associates | $31,325,000 | $22,620,000 | -27.8% | 0.3% |
| Cardinal Financial Company LP | $4,090,000 | $22,535,000 | 451.0% | 0.3% |
| Premier Mortgage Resources LLC | $20,355,000 | n/a | 0.3% | |
| Commerce Home Mortgage Inc. | $11,465,000 | $20,055,000 | 74.9% | 0.3% |
| HomeBridge Financial Services, Inc. | $15,785,000 | $19,855,000 | 25.8% | 0.3% |
| Jones Lang LaSalle Multifamily | $9,255,000 | $19,805,000 | 114.0% | 0.3% |
| Planet Home Lending LLC | $8,795,000 | $19,475,000 | 121.4% | 0.3% |
| The Federal Savings Bank | $8,010,000 | $19,115,000 | 138.6% | 0.3% |
| Interactive Mortgage | $7,010,000 | $18,980,000 | 170.8% | 0.3% |
| OCMBC Inc. | $21,995,000 | $18,830,000 | -14.4% | 0.3% |
| CBRE Multifamily Capital, Inc. | $25,350,000 | $18,550,000 | -26.8% | 0.3% |
| Network Capital Funding Corporation | $3,565,000 | $18,455,000 | 417.7% | 0.3% |
| Umpqua Bank | $19,705,000 | $17,465,000 | -11.4% | 0.2% |
| CARRINGTON MORTGAGE SERVICES | $13,340,000 | $16,925,000 | 26.9% | 0.2% |
| USAA FEDERAL SAVINGS BANK | $21,495,000 | $16,615,000 | -22.7% | 0.2% |
| Supreme Lending/ Everett Financial Inc. | $5,790,000 | $15,995,000 | 176.3% | 0.2% |
| Dignified Home Loans, LLC | $14,270,000 | $15,395,000 | 7.9% | 0.2% |
| Sun West Mortgage Company Inc. | $8,995,000 | $15,215,000 | 69.1% | 0.2% |
| General Mortgage Capital Corporation | $4,900,000 | $15,145,000 | 209.1% | 0.2% |
| Ladera Lending, Inc. | $6,105,000 | $14,840,000 | 143.1% | 0.2% |
| FAIRWAY INDEPENDENT MORT CORP | $6,445,000 | $14,390,000 | 123.3% | 0.2% |
| Intercontinental Capital Group, Inc. | $1,495,000 | $13,740,000 | 819.1% | 0.2% |
| Prosperity Home Mortgage LLC | $555,000 | $13,400,000 | 2,314.4% | 0.2% |
| Lakeview Community Capital, LLC | $2,370,000 | $13,235,000 | 458.4% | 0.2% |
| Finance of America Reverse LLC | $15,640,000 | $12,840,000 | -17.9% | 0.2% |
| TIAA, FSB | $17,545,000 | $12,090,000 | -31.1% | 0.2% |
| Monterey Credit Union | $4,510,000 | $11,955,000 | 165.1% | 0.2% |
| Googain Inc. | $905,000 | $11,805,000 | 1,204.4% | 0.2% |
| Land Home Financial Services Inc. | $8,660,000 | $11,795,000 | 36.2% | 0.2% |
| Village Capital & Investment | $760,000 | $11,210,000 | 1,375.0% | 0.2% |
| AmWest Funding Corp. | $6,115,000 | $11,205,000 | 83.2% | 0.2% |
| BMO Harris Bank N.A. | $11,160,000 | n/a | 0.2% | |
| CIT BANK N.A. | $9,480,000 | $11,140,000 | 17.5% | 0.2% |
| Goldman Sachs Bank USA | $12,180,000 | $10,905,000 | -10.5% | 0.1% |
| Impac Mortgage Corp. dba CashCall Mortgage | $31,930,000 | $10,675,000 | -66.6% | 0.1% |
| Star One Credit Union | $7,395,000 | $10,570,000 | 42.9% | 0.1% |
| COMPASS BANK | $5,310,000 | $10,495,000 | 97.6% | 0.1% |
| NBKC Bank | $7,170,000 | $10,370,000 | 44.6% | 0.1% |
| Clearpath Lending | $2,320,000 | $10,130,000 | 336.6% | 0.1% |
| Plaza Home Mortgage Inc. | $1,995,000 | $10,130,000 | 407.8% | 0.1% |
| COMERICA BANK | $9,905,000 | $10,115,000 | 2.1% | 0.1% |
| TRI COUNTIES BANK | $5,780,000 | $10,010,000 | 73.2% | 0.1% |
| WALKER & DUNLOP, LLC | $10,005,000 | n/a | 0.1% | |
| Mackillie Inc | $8,365,000 | $9,890,000 | 18.2% | 0.1% |
| North American Savings Bank | $10,640,000 | $9,340,000 | -12.2% | 0.1% |
| Raymond James Bank National Association | $4,255,000 | $9,065,000 | 113.0% | 0.1% |
| Cherry Creek Mortgage Co. Inc. | $1,620,000 | $9,040,000 | 458.0% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $3,910,000 | $8,875,000 | 127.0% | 0.1% |
| Wyndham Capital Mortgage | $3,640,000 | $8,805,000 | 141.9% | 0.1% |
| Watermark Home Loans | $4,795,000 | $8,520,000 | 77.7% | 0.1% |
| JMAC Lending Incorporated | $8,165,000 | $8,240,000 | 0.9% | 0.1% |
| BNC NATIONAL BANK | $7,470,000 | $8,200,000 | 9.8% | 0.1% |
| Grande Homes Inc | $4,360,000 | $8,020,000 | 83.9% | 0.1% |
| Provident Credit Union | $3,855,000 | $7,960,000 | 106.5% | 0.1% |
| LoanPal | $5,525,000 | $7,890,000 | 42.8% | 0.1% |
| Bay Equity LLC | $8,615,000 | $7,580,000 | -12.0% | 0.1% |
| Axos Bank | $7,800,000 | $7,430,000 | -4.7% | 0.1% |
| Nations Direct Mortgage LLC | $2,425,000 | $7,365,000 | 203.7% | 0.1% |
| First Technology Credit Union | $475,000 | $7,285,000 | 1,433.7% | 0.1% |
| AAG | $7,655,000 | $7,190,000 | -6.1% | 0.1% |
| Midwest Equity Mortgage LLC | $9,715,000 | $7,080,000 | -27.1% | 0.1% |
| LUTHER BURBANK SAVINGS | $3,125,000 | $6,940,000 | 122.1% | 0.1% |
| First Guaranty Mortgage Corporation | $1,155,000 | $6,820,000 | 490.5% | 0.1% |
| Academy Mortgage Corporation | $5,265,000 | $6,815,000 | 29.4% | 0.1% |
| FirstBank | $3,590,000 | $6,800,000 | 89.4% | 0.1% |
| Silicon Valley Bank | $1,025,000 | $6,650,000 | 548.8% | 0.1% |
| Berkadia Commercial Mortgage | $30,650,000 | $6,605,000 | -78.5% | 0.1% |
| HSBC BANK USA, NA | $2,565,000 | $6,575,000 | 156.3% | 0.1% |
| LenderFi, Inc. | $2,280,000 | $6,510,000 | 185.5% | 0.1% |
| Patelco Credit Union | $3,930,000 | $6,225,000 | 58.4% | 0.1% |
| Parkside Lending LLC | $3,565,000 | $6,165,000 | 72.9% | 0.1% |
| Augusta Financial Inc. | $4,745,000 | $6,135,000 | 29.3% | 0.1% |
| Sovereign Lending Group, Inc | $3,920,000 | $6,130,000 | 56.4% | 0.1% |
| PHH MORTGAGE CORPORATION | $900,000 | $6,040,000 | 571.1% | 0.1% |
| Michigan Mutual, Inc. DBA MiMutual Mortgage | $4,340,000 | $5,995,000 | 38.1% | 0.1% |
| ARVEST BANK | $4,035,000 | $5,875,000 | 45.6% | 0.1% |
| AimLoan.com | $3,025,000 | $5,845,000 | 93.2% | 0.1% |
| TCF National Bank | $6,520,000 | $5,755,000 | -11.7% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $6,475,000 | $5,680,000 | -12.3% | 0.1% |
| Golden Empire Mortgage, Inc. | $3,320,000 | $5,670,000 | 70.8% | 0.1% |
| Nexera Holding LLC | $6,455,000 | $5,470,000 | -15.3% | 0.1% |
| Reverse Mortgage Funding LLC | $730,000 | $5,450,000 | 646.6% | 0.1% |
| AmeriHomeMortgageCompany,LL | $2,070,000 | $5,405,000 | 161.1% | 0.1% |
| Boston Private Bank & Trust Company | $2,850,000 | $5,405,000 | 89.6% | 0.1% |
| First Savings Bank | $585,000 | $5,065,000 | 765.8% | 0.1% |
| Ethos Lending LLC | $2,705,000 | $5,060,000 | 87.1% | 0.1% |
| On Q Financial Inc. | $970,000 | $5,005,000 | 416.0% | 0.1% |
| Angel Oak Mortgage Solutions | $205,000 | $4,995,000 | 2,336.6% | 0.1% |
| Embrace Home Loans, Inc. | $1,480,000 | $4,980,000 | 236.5% | 0.1% |
| Stifel Bank and Trust | $5,735,000 | $4,915,000 | -14.3% | 0.1% |
| Pentagon Federal Credit Union | $1,305,000 | $4,895,000 | 275.1% | 0.1% |
| First Choice Loan Services Inc. | $9,785,000 | $4,845,000 | -50.5% | 0.1% |
| SoFi Lending Corp | $700,000 | $4,840,000 | 591.4% | 0.1% |
| KBHS Home Loans, LLC | $4,560,000 | n/a | 0.1% | |
| Gold Star Mortgage Financial Group, Corporation | $1,920,000 | $4,365,000 | 127.3% | 0.1% |
| SnapFi, Inc. | $1,775,000 | $4,330,000 | 143.9% | 0.1% |
| Primary Residential Mortgage Inc. | $1,830,000 | $4,315,000 | 135.8% | 0.1% |
| RED MORTGAGE CAPITAL, LLC | $4,305,000 | n/a | 0.1% | |
| CIBC Bank USA | $4,280,000 | n/a | 0.1% | |
| Cf Bank National Association | $955,000 | $4,260,000 | 346.1% | 0.1% |
| HighTechLending Inc. | $4,605,000 | $4,155,000 | -9.8% | 0.1% |
| Equity Prime Mortgage LLC | $610,000 | $4,130,000 | 577.0% | 0.1% |
| Amcap Mortgage Ltd. | $1,800,000 | $4,085,000 | 126.9% | 0.1% |
| Citadel Servicing Corporation | $5,410,000 | $3,945,000 | -27.1% | 0.1% |
| KD Capital Mortgage Corp. | $570,000 | $3,900,000 | 584.2% | 0.1% |
| SchoolsFirst Federal Credit Union | $2,815,000 | $3,815,000 | 35.5% | 0.1% |
| United Fidelity Funding Corp. | $675,000 | $3,810,000 | 464.4% | 0.1% |
| The Northern Trust Company | $3,360,000 | $3,785,000 | 12.6% | 0.1% |
| BM REAL ESTATE SERVICES, INC. | $1,440,000 | $3,755,000 | 160.8% | 0.1% |
| Prime Choice Funding, Inc. | $1,755,000 | $3,590,000 | 104.6% | 0.0% |
| Stanford Federal Credit Union | $2,445,000 | $3,535,000 | 44.6% | 0.0% |
| M&T Bank | $3,035,000 | $3,405,000 | 12.2% | 0.0% |
| FBC Mortgage LLC | $415,000 | $3,380,000 | 714.5% | 0.0% |
| NationsChoice Mortgage | $1,190,000 | $3,365,000 | 182.8% | 0.0% |
| Mortgage Lenders of America LLC | $285,000 | $3,360,000 | 1,078.9% | 0.0% |
| Ark-La-Tex Financial Services LLC | $1,475,000 | $3,325,000 | 125.4% | 0.0% |
| Meriwest Mortgage Co. LLC | $3,505,000 | $3,245,000 | -7.4% | 0.0% |
| Tennessee State Bank | $3,205,000 | n/a | 0.0% | |
| Pacific Premier Bank | $3,185,000 | n/a | 0.0% | |
| Greenbox Loans Inc. | $1,225,000 | $3,180,000 | 159.6% | 0.0% |
| WEI Mortgage LLC | $495,000 | $3,180,000 | 542.4% | 0.0% |
| Sunflower Bank, N.A. | $3,125,000 | n/a | 0.0% | |
| First Mortgage Solutions LLC | $1,730,000 | $3,095,000 | 78.9% | 0.0% |
| NMSI Inc | $3,050,000 | n/a | 0.0% | |
| Logix Federal Credit Union | $460,000 | $3,045,000 | 562.0% | 0.0% |
| NewDay Financial LLC dba NewDay USA | $3,150,000 | $3,010,000 | -4.4% | 0.0% |
| Independent Bank | $655,000 | $3,005,000 | 358.8% | 0.0% |
| Provident Lending Group | $2,900,000 | n/a | 0.0% | |
| Open Mortgage LLC | $345,000 | $2,875,000 | 733.3% | 0.0% |
| Calculated Risk Analytics LLC dba Excelerate Capital | $2,455,000 | $2,855,000 | 16.3% | 0.0% |
| Oaktree Funding Corporation | $1,445,000 | $2,825,000 | 95.5% | 0.0% |
| Homeside Financial LLC | $1,430,000 | $2,815,000 | 96.9% | 0.0% |
| Neighborhood Loans | $2,800,000 | n/a | 0.0% | |
| Luxury Mortgage Corp. | $2,775,000 | n/a | 0.0% | |
| NOVA Financial & Investment Corporation dba: Nova Home Loans | $880,000 | $2,760,000 | 213.6% | 0.0% |
| Hometown Equity Mortgage LLC | $1,530,000 | $2,690,000 | 75.8% | 0.0% |
| Nations Lending Corporation | $1,395,000 | $2,690,000 | 92.8% | 0.0% |
| Geneva Financial LLC | $325,000 | $2,680,000 | 724.6% | 0.0% |
| CBNA | $2,205,000 | $2,670,000 | 21.1% | 0.0% |
| METROPOLITAN HOME MORTGAGE | $2,540,000 | $2,650,000 | 4.3% | 0.0% |
| KeyBank National Association | $845,000 | $2,645,000 | 213.0% | 0.0% |
| Alliant Credit Union | $4,550,000 | $2,545,000 | -44.1% | 0.0% |
| MLD Mortgage Inc. | $2,535,000 | n/a | 0.0% | |
| Longbridge Financial, LLC | $375,000 | $2,465,000 | 557.3% | 0.0% |
| LoanSnap Inc | $335,000 | $2,435,000 | 626.9% | 0.0% |
| Provident Savings Bank F.S.B. | $935,000 | $2,410,000 | 157.8% | 0.0% |
| Towne Mortgage Company | $255,000 | $2,390,000 | 837.3% | 0.0% |
| Summit mortgage Bankers, Inc. | $2,365,000 | n/a | 0.0% | |
| Low VA Rates | $2,340,000 | n/a | 0.0% | |
| Civic Financial Services | $2,310,000 | $2,315,000 | 0.2% | 0.0% |
| FIRST INTERSTATE BANK | $2,290,000 | n/a | 0.0% | |
| BNY MELLON, N.A. | $1,005,000 | $2,265,000 | 125.4% | 0.0% |
| LendSure Mortgage Corp | $4,010,000 | $2,265,000 | -43.5% | 0.0% |
| Sea West Coast Guard Federal Credit Union | $2,265,000 | n/a | 0.0% | |
| Toyota Financial Savings Bank | $2,265,000 | n/a | 0.0% | |
| JMJ Financial Group Inc. | $1,695,000 | $2,225,000 | 31.3% | 0.0% |
| Magnolia Bank Incorporated | $2,550,000 | $2,220,000 | -12.9% | 0.0% |
| Third Federal Savings and Loan | $1,600,000 | $2,155,000 | 34.7% | 0.0% |
| ANGEL OAK HOME LOANS LLC | $2,135,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $2,120,000 | n/a | 0.0% | |
| American Financing Corporation | $265,000 | $2,110,000 | 696.2% | 0.0% |
| CALCAP Lending, LLC | $2,085,000 | n/a | 0.0% | |
| Home First Mortgage Bankers | $1,500,000 | $2,055,000 | 37.0% | 0.0% |
| Alameda Mortgage Corporation | $1,085,000 | $2,050,000 | 88.9% | 0.0% |
| First Foundation Bank | $2,055,000 | $2,015,000 | -1.9% | 0.0% |
| Pinnacle Bank | $2,005,000 | n/a | 0.0% | |
| Evergreen Moneysource Mortgage Company | $385,000 | $2,000,000 | 419.5% | 0.0% |
| KS StateBank | $3,380,000 | $1,995,000 | -41.0% | 0.0% |
| Pacific Service Credit Union | $1,265,000 | $1,995,000 | 57.7% | 0.0% |
| Barrington Bank & Trust | $1,820,000 | $1,990,000 | 9.3% | 0.0% |
| Branch Banking And Trust Co | $1,665,000 | $1,980,000 | 18.9% | 0.0% |
| SAFE Credit Union | $1,970,000 | n/a | 0.0% | |
| All Reverse Mortgage Inc | $590,000 | $1,960,000 | 232.2% | 0.0% |
| Discover Bank | $1,395,000 | $1,960,000 | 40.5% | 0.0% |
| Tri-Emerald Financial Group Inc. | $245,000 | $1,925,000 | 685.7% | 0.0% |
| Advancial Federal Credit Union | $1,085,000 | $1,860,000 | 71.4% | 0.0% |
| Chevron Federal Credit Union | $1,020,000 | $1,860,000 | 82.4% | 0.0% |
| S&S Financial | $685,000 | $1,825,000 | 166.4% | 0.0% |
| SPRING EQ, LLC | $1,470,000 | $1,820,000 | 23.8% | 0.0% |
| Keller Mortgage LLC | $405,000 | $1,790,000 | 342.0% | 0.0% |
| Premier Lending Inc. | $2,210,000 | $1,780,000 | -19.5% | 0.0% |
| Xceed Financial Credit Union | $735,000 | $1,770,000 | 140.8% | 0.0% |
| Kwik Mortgage Corp. | $1,760,000 | n/a | 0.0% | |
| Scenic Oaks Funding | $1,020,000 | $1,755,000 | 72.1% | 0.0% |
| Bank of England | $1,535,000 | $1,750,000 | 14.0% | 0.0% |
| TJC Mortgage, Inc. | $375,000 | $1,735,000 | 362.7% | 0.0% |
| Coastal Funding SLC Inc. | $850,000 | $1,715,000 | 101.8% | 0.0% |
| Arbor Realty Trust Inc | $1,705,000 | n/a | 0.0% | |
| KINECTA FEDERAL CREDIT UNION | $1,765,000 | $1,690,000 | -4.2% | 0.0% |
| American Financial Resources Inc. | $830,000 | $1,665,000 | 100.6% | 0.0% |
| Homestead Funding Corp. | $790,000 | $1,645,000 | 108.2% | 0.0% |
| COASTHILLS CREDIT UNION | $1,450,000 | $1,635,000 | 12.8% | 0.0% |
| Credit Human Federal Credit Union | $910,000 | $1,630,000 | 79.1% | 0.0% |
| Churchill Mortgage Corporation | $485,000 | $1,620,000 | 234.0% | 0.0% |
| First Western Trust Bank | $275,000 | $1,615,000 | 487.3% | 0.0% |
| Athas Capital Group | $2,795,000 | $1,605,000 | -42.6% | 0.0% |
| Mortgage Solutions of Colorado LLC | $1,600,000 | n/a | 0.0% | |
| Opus Bank | $8,765,000 | $1,505,000 | -82.8% | 0.0% |
| HomeStreet Bank | $1,720,000 | $1,465,000 | -14.8% | 0.0% |
| Premier America Credit Union | $1,455,000 | n/a | 0.0% | |
| iServe Residential Lending LLC | $425,000 | $1,440,000 | 238.8% | 0.0% |
| Merchants Bank of Indiana | $1,430,000 | n/a | 0.0% | |
| CITIZENS BUSINESS BANK | $1,390,000 | n/a | 0.0% | |
| Absolute Home Mortgage Corporation | $1,360,000 | n/a | 0.0% | |
| Alliance Credit Union | $1,320,000 | n/a | 0.0% | |
| Northpointe Bank | $1,300,000 | n/a | 0.0% | |
| KeyPoint Credit Union | $350,000 | $1,290,000 | 268.6% | 0.0% |
| Peoples Mortgage Company | $375,000 | $1,265,000 | 237.3% | 0.0% |
| Amerifirst Financial Inc. | $760,000 | $1,260,000 | 65.8% | 0.0% |
| CAPITAL BANK, NA | $345,000 | $1,250,000 | 262.3% | 0.0% |
| Amalgamated Bank | $705,000 | $1,240,000 | 75.9% | 0.0% |
| Pike Creek Mortgage Services, Inc. | $1,225,000 | n/a | 0.0% | |
| Vision One Mortgage | $590,000 | $1,220,000 | 106.8% | 0.0% |
| 1st United Services Credit Union | $1,195,000 | n/a | 0.0% | |
| Operating Engineers Federal Credit Union | $1,190,000 | n/a | 0.0% | |
| US Mortgage of Florida | $555,000 | $1,180,000 | 112.6% | 0.0% |
| 21ST MORTGAGE | $2,055,000 | $1,170,000 | -43.1% | 0.0% |
| Summit Mortgage Corporation | $1,170,000 | n/a | 0.0% | |
| Private Mortgage Advisors, LLC | $1,200,000 | $1,150,000 | -4.2% | 0.0% |
| Lenox Financial Mortgage Corp. | $255,000 | $1,135,000 | 345.1% | 0.0% |
| HomeTrust Bank | $1,110,000 | n/a | 0.0% | |
| Intercap Lending Inc | $435,000 | $1,110,000 | 155.2% | 0.0% |
| Firefighters First Credit Union | $1,090,000 | n/a | 0.0% | |
| Mid America Mortgage Inc. | $1,080,000 | n/a | 0.0% | |
| Oceanside Mortgage Company | $870,000 | $1,040,000 | 19.5% | 0.0% |
| Connexus Credit Union | $1,020,000 | n/a | 0.0% | |
| Cstone Mortgage Inc | $1,020,000 | n/a | 0.0% | |
| AMERIS BANK | $1,010,000 | n/a | 0.0% | |
| Mortgage Capital Partners Inc | $195,000 | $965,000 | 394.9% | 0.0% |
| Residential Wholesale Mortgage | $940,000 | n/a | 0.0% | |
| FJM Private Mortgage Fund, LLC | $1,530,000 | $930,000 | -39.2% | 0.0% |
| Loan Simple Inc | $920,000 | n/a | 0.0% | |
| Colonial Savings | $345,000 | $890,000 | 158.0% | 0.0% |
| Technology Credit Union | $1,330,000 | $885,000 | -33.5% | 0.0% |
| Flat Branch Mortgage Inc. | $880,000 | n/a | 0.0% | |
| Fidelity Funding | $875,000 | n/a | 0.0% | |
| S.F. Police Credit Union | $870,000 | n/a | 0.0% | |
| Fifth Third Bank | $865,000 | n/a | 0.0% | |
| Customer Service Mortgage Corporation | $855,000 | n/a | 0.0% | |
| Farmers & Merchants Bank of Ce | $755,000 | $855,000 | 13.2% | 0.0% |
| BOKF NA | $385,000 | $845,000 | 119.5% | 0.0% |
| E Mortgage Management LLC | $780,000 | $835,000 | 7.1% | 0.0% |
| Reliant Bank | $815,000 | n/a | 0.0% | |
| San Francisco Fire Credit Union | $1,185,000 | $795,000 | -32.9% | 0.0% |
| First Centennial Mortgage Corp. | $405,000 | $790,000 | 95.1% | 0.0% |
| Paramount Bank | $770,000 | n/a | 0.0% | |
| United Security Financial | $770,000 | n/a | 0.0% | |
| Financail Funding Solutions, Inc | $760,000 | n/a | 0.0% | |
| WAUKESHA STATE BANK | $750,000 | n/a | 0.0% | |
| California Coast Credit Union | $710,000 | n/a | 0.0% | |
| Victoria Financial Corp | $710,000 | n/a | 0.0% | |
| Wall Financial dba WinPrime Lending | $700,000 | n/a | 0.0% | |
| Triad Financial Services Inc | $385,000 | $695,000 | 80.5% | 0.0% |
| MK LENDING CORP | $685,000 | n/a | 0.0% | |
| BANK OF STOCKTON | $675,000 | n/a | 0.0% | |
| Banner Bank | $675,000 | n/a | 0.0% | |
| DIRECT MORTGAGE CORP | $375,000 | $660,000 | 76.0% | 0.0% |
| Evolve Bank & Trust | $655,000 | n/a | 0.0% | |
| Redwood Credit Union | $360,000 | $640,000 | 77.8% | 0.0% |
| Draper and Kramer Mortgage Corp. | $1,020,000 | $635,000 | -37.7% | 0.0% |
| Quorum Federal Credit Union | $670,000 | $630,000 | -6.0% | 0.0% |
| Drop Mortgage | $4,255,000 | $625,000 | -85.3% | 0.0% |
| Alaska USA Federal Credit Union | $620,000 | n/a | 0.0% | |
| Weichert Financial Services | $615,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $1,110,000 | $600,000 | -45.9% | 0.0% |
| Beckham Funding Corp | $595,000 | n/a | 0.0% | |
| California Credit Union | $585,000 | n/a | 0.0% | |
| Liberty Home Mortgage Corp | $585,000 | n/a | 0.0% | |
| Mid Valley Services Inc | $585,000 | n/a | 0.0% | |
| Murphy Bank | $55,000 | $580,000 | 954.5% | 0.0% |
| R M K FINANCIAL CORP | $2,395,000 | $580,000 | -75.8% | 0.0% |
| Jet Direct Funding Corp | $575,000 | n/a | 0.0% | |
| One Reverse Mortgage, LLC | $865,000 | $565,000 | -34.7% | 0.0% |
| Anheuser Busch Employees Credit Union | $555,000 | n/a | 0.0% | |
| MidFirst Bank | $3,485,000 | $555,000 | -84.1% | 0.0% |
| SecurityNational Mortgage Company | $265,000 | $550,000 | 107.5% | 0.0% |
| Goldwater Bank National Association | $555,000 | $545,000 | -1.8% | 0.0% |
| Mortgage Management Consultants, Inc. | $545,000 | n/a | 0.0% | |
| CalCon Mutual Mortgage LLC | $555,000 | $535,000 | -3.6% | 0.0% |
| Finance of America Commercial LLC | $1,175,000 | $535,000 | -54.5% | 0.0% |
| Advisors Mortgage Group LLC | $530,000 | n/a | 0.0% | |
| Community Mortgage Funding LLC | $825,000 | $530,000 | -35.8% | 0.0% |
| Equity Wave Lending Inc. | $155,000 | $530,000 | 241.9% | 0.0% |
| East Coast Capital Corporation | $525,000 | n/a | 0.0% | |
| Royal United Mortgage LLC | $85,000 | $525,000 | 517.6% | 0.0% |
| Best Capital Funding | $520,000 | n/a | 0.0% | |
| Axia Financial LLC | $515,000 | n/a | 0.0% | |
| CENTERSTATE BANK N.A. | $495,000 | $515,000 | 4.0% | 0.0% |
| Farmers Bank & Trust | $515,000 | n/a | 0.0% | |
| Highlands Residential Mortgage Ltd | $515,000 | n/a | 0.0% | |
| Nudge Funding LLC | $515,000 | n/a | 0.0% | |
| Santa Clara County Federal Credit Union | $900,000 | $515,000 | -42.8% | 0.0% |
| Semper Home Loans, Inc | $515,000 | n/a | 0.0% | |
| T. J. FINANCIAL, INC. | $515,000 | n/a | 0.0% | |
| BELL BANK | $505,000 | n/a | 0.0% | |
| Nations Reliable Lending, LLC | $505,000 | n/a | 0.0% | |
| Val-Chris Investments Inc | $500,000 | n/a | 0.0% | |
| F&A FEDERAL CREDIT UNION | $495,000 | $495,000 | 0.0% | 0.0% |
| First Option Mortgage LLC | $495,000 | n/a | 0.0% | |
| Homeowners Financial Group | $1,395,000 | $495,000 | -64.5% | 0.0% |
| UNIFY Financial Credit Union | $1,420,000 | $490,000 | -65.5% | 0.0% |
| Independent Bank | $655,000 | $485,000 | -26.0% | 0.0% |
| Presidential Bank FSB | $485,000 | n/a | 0.0% | |
| Star Financial | $985,000 | $485,000 | -50.8% | 0.0% |
| Armed Forces Bank | $475,000 | n/a | 0.0% | |
| Benchmark Federal Credit Union | $475,000 | n/a | 0.0% | |
| Mortgage One Group | $475,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $465,000 | n/a | 0.0% | |
| Essex Mortgage | $2,035,000 | $455,000 | -77.6% | 0.0% |
| Performance Financial, Inc. | $395,000 | $455,000 | 15.2% | 0.0% |
| UMB BANK NA | $455,000 | n/a | 0.0% | |
| Country Club Mortgage, Inc. | $770,000 | $440,000 | -42.9% | 0.0% |
| NEW WAVE LENDING GROUP INC | $415,000 | $435,000 | 4.8% | 0.0% |
| Republic Bank & Trust Company | $205,000 | $435,000 | 112.2% | 0.0% |
| Residential Bancorp | $435,000 | n/a | 0.0% | |
| Alterra Group LLC dba Alterra Home Loans | $7,155,000 | $425,000 | -94.1% | 0.0% |
| FedEx Employees Credit Association | $35,000 | $415,000 | 1,085.7% | 0.0% |
| LeaderOne Financial Corp. | $415,000 | n/a | 0.0% | |
| LendingHome Funding Corporation | $1,790,000 | $415,000 | -76.8% | 0.0% |
| Del Sur Corp DBA: Camino Real Mortgage Bankers | $405,000 | n/a | 0.0% | |
| Self-Help Credit Union | $700,000 | $405,000 | -42.1% | 0.0% |
| TrustBank | $395,000 | n/a | 0.0% | |
| Infinity Equity Group, Inc | $385,000 | n/a | 0.0% | |
| 5th Street Capital, Inc. | $4,085,000 | $375,000 | -90.8% | 0.0% |
| Bank of Hope | $375,000 | n/a | 0.0% | |
| Ivy Mortgage, Inc. | $375,000 | n/a | 0.0% | |
| Dominion Financial Services | $345,000 | $365,000 | 5.8% | 0.0% |
| Gardner Financial Services dba Legacy Mutual Mortgage | $365,000 | n/a | 0.0% | |
| Prime Mortgage Lending Inc. | $495,000 | $365,000 | -26.3% | 0.0% |
| Summit Mortgage Corporation | $365,000 | n/a | 0.0% | |
| T2 Financial LLC | $365,000 | n/a | 0.0% | |
| 1ST 2ND MORTGAGE COMPANY OF N.J., INC. | $355,000 | n/a | 0.0% | |
| American First Credit Union | $355,000 | n/a | 0.0% | |
| Digital Federal Credit Union | $185,000 | $355,000 | 91.9% | 0.0% |
| IAPPROVE LENDING | $450,000 | $355,000 | -21.1% | 0.0% |
| United Mortgage Corp | $1,315,000 | $355,000 | -73.0% | 0.0% |
| BLUELEAF LENDING, LLC | $275,000 | $345,000 | 25.5% | 0.0% |
| Florida Capital Bank National Association | $1,400,000 | $345,000 | -75.4% | 0.0% |
| ZB, N.A. | $22,180,000 | $345,000 | -98.4% | 0.0% |
| Bank Iowa | $335,000 | n/a | 0.0% | |
| Nationwide Mortgage Bankers Inc. | $335,000 | n/a | 0.0% | |
| SWBC Mortgage Corporation | $335,000 | n/a | 0.0% | |
| Sterling Bank and Trust, FSB | $325,000 | $325,000 | 0.0% | 0.0% |
| Los Angeles Federal Credit Union | $315,000 | n/a | 0.0% | |
| Hometown Lenders LLC | $645,000 | $295,000 | -54.3% | 0.0% |
| Bridgelock Capital dba Peak Finance Company | $375,000 | $285,000 | -24.0% | 0.0% |
| PremierOne Credit Union | $75,000 | $285,000 | 280.0% | 0.0% |
| Great Lakes Credit Union | $105,000 | $275,000 | 161.9% | 0.0% |
| Kings Mortgage Services Inc. | $275,000 | n/a | 0.0% | |
| Northrop Grumman Federal Credit Union | $1,250,000 | $275,000 | -78.0% | 0.0% |
| RANLife, Inc. | $265,000 | n/a | 0.0% | |
| Financial Partners Credit Union | $755,000 | $255,000 | -66.2% | 0.0% |
| James B. Nutter & Company | $245,000 | n/a | 0.0% | |
| Crescent Mortgage Company | $235,000 | n/a | 0.0% | |
| DIAMOND RESIDENTIAL MTG CORP | $235,000 | n/a | 0.0% | |
| JTF Rose Inc. | $225,000 | n/a | 0.0% | |
| Willamette Valley Bank | $195,000 | n/a | 0.0% | |
| Union Home Mortgage Company | $485,000 | $185,000 | -61.9% | 0.0% |
| First Internet Bank | $485,000 | $175,000 | -63.9% | 0.0% |
| San Mateo Credit Union | $155,000 | n/a | 0.0% | |
| Heritage Community Credit Union | $145,000 | n/a | 0.0% | |
| Georgia Banking Company | $125,000 | n/a | 0.0% | |
| Hanscom Federal Credit Union | $125,000 | n/a | 0.0% | |
| Gain Federal Credit Union | $105,000 | n/a | 0.0% | |
| Citizens Equity First Credit Union (CEFCU) | $55,000 | n/a | 0.0% | |
| Four Points Federal Credit Union | $25,000 | n/a | 0.0% | |
| Meriwest Credit Union | $35,000 | $25,000 | -28.6% | 0.0% |
SALINAS's top lender by overall market share is Quicken Loans, with 11.4% market share. In second place, with 8.1%, is United Shore Financial Services LLC, having originated $598,075,000 in loans. In third place, with 6.5%, is WELLS FARGO BANK NA, having originated $480,835,000 in loans. In third place, with 3.6%, is JPMorgan Chase Bank, NA, having originated $267,850,000 in loans. In third place, with 2.4%, is Bank of America NA, having originated $173,935,000 in loans.
SALINAS, CA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 9,079 | $4,000,785,000 | $440,664 |
| Cash Out Refi | 3,059 | $1,271,835,000 | $415,768 |
| Home Purchase | 2,962 | $1,835,430,000 | $619,659 |
| Other | 362 | $180,580,000 | $498,840 |
| Home Improvement | 321 | $70,635,000 | $220,047 |
| NA | 2 | $3,500,000 | $1,750,000 |
Salinas's most frequently cited loan purpose was Refi, with 9,079 originations. The 2nd most popular reason was Cash Out Refi, with 3,059 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 6,723 | $3,112,175,000 | $462,915 |
| 2.5-3% | 6,342 | $3,088,430,000 | $486,980 |
| <2.5% | 1,700 | $798,920,000 | $469,953 |
| 4-5% | 656 | $247,520,000 | $377,317 |
| 5-6% | 170 | $52,980,000 | $311,647 |
| 6-7% | 74 | $17,340,000 | $234,324 |
| Over 8% | 61 | $17,245,000 | $282,705 |
| 7-8% | 31 | $10,525,000 | $339,516 |
During 2020, Salinas's most frequently originated rate bucket was 3-4%, with 6,723 originations.
Loan Sizing (SALINAS, CA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 6,265 | $1,935,675,000 | $308,966 |
| $400k-600k | 5,439 | $2,633,385,000 | $484,167 |
| $600k-1000k | 1,895 | $1,330,605,000 | $702,166 |
| $100k-200k | 1,193 | $183,875,000 | $154,128 |
| $Over $1MM | 637 | $1,260,175,000 | $1,978,297 |
| $100,000 or less | 356 | $19,050,000 | $53,511 |
SALINAS's loan sizing saw the bucket of loans from $200k-400k with 6,265 originations, totaling $1,935,675,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 5,198 | $2,859,630,000 | $550,140 |
| 40-60% | 4,387 | $1,955,065,000 | $445,650 |
| 80-100% | 2,772 | $1,460,740,000 | $526,962 |
| 20-40% | 2,072 | $692,480,000 | $334,208 |
| Under 20% | 770 | $122,560,000 | $159,169 |
| Over 100% | 87 | $56,585,000 | $650,402 |
SALINAS's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 5,198 originations, totaling $2,859,630,000 in origination value.