SALINAS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Salinas averaged
6.87%
for the week of 2025-07-10, compared to the national average of
6.72% for the same period.
The average rate for the prior week (2025-07-03) was
6.72% and
one month ago for the week of 2025-06-05, the
average rate was 7%.
Salinas's average rate one year ago was 7.2%.
For refis of the same type during the week of 2025-07-10, the average rate
was 6.54%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-10 | 6.72% |
| Salinas 30 Year Fixed Rate | 2025-07-10 | 6.87% |
| Salinas 30 Year Fixed Rate Refi | 2025-07-10 | 6.54% |
| Salinas 15 Year Fixed Rate | 2025-07-10 | 5.96% |
| Salinas 15 Year Fixed Rate Refi | 2025-07-10 | 6.36% |
| Salinas 30 Year FHA | 2025-07-10 | 6.14% |
| Salinas 30 Year FHA Refi | 2025-07-10 | 6.72% |
| Salinas 30 Year USDA | 2025-07-10 | 6.65% |
| Salinas 30 Year USDA Refi | 2025-07-10 | 6.25% |
| Salinas 30 Year VA | 2025-07-10 | 6.33% |
| Salinas 30 Year VA Refi | 2025-07-10 | 6.27% |
SALINAS 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 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 Average Closing Costs & Other Stats
SALINAS, CA's 172 lenders originated 3,745
loans during 2024. The total origination value was $2,088,565,000, with an average loan value of
$557,694.
SALINAS's average closing costs are $7,134.
The top SALINAS lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
248 loans originated. Their average total fees are
$9,906, which is $181
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee SALINAS lenders (with over 10 loans originated) are
Morgan Stanley Private Bank ($4,660), NAVY FEDERAL CREDIT UNION ($4,775), The Loan Store, Inc. ($5,103), Charles Schwab Bank, SSB ($5,475) and Mechanics Bank ($5,600).
The lowest rate SALINAS lenders (with over 10 loans originated) are
Charles Schwab Bank, SSB (5.85%), NAVY FEDERAL CREDIT UNION (5.93%), Morgan Stanley Private Bank (6.00%), GUARANTEED RATE, INC. (6.18%) and Bank of America (6.20%).
SALINAS, 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 | $205,385,000 | $249,675,000 | 21.6% | 12.0% |
| QUICKEN LOANS, LLC | $86,720,000 | $106,805,000 | 23.2% | 5.1% |
| JPMorgan Chase Bank | $64,445,000 | $103,415,000 | 60.5% | 5.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $63,420,000 | $94,595,000 | 49.2% | 4.5% |
| U.S. Bank | $84,545,000 | $74,005,000 | -12.5% | 3.5% |
| Bank of America | $69,665,000 | $68,635,000 | -1.5% | 3.3% |
| MACKILLIE INCORPORATED | $62,260,000 | $60,530,000 | -2.8% | 2.9% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $46,610,000 | $59,600,000 | 27.9% | 2.9% |
| S1L, Inc. | $42,075,000 | $52,265,000 | 24.2% | 2.5% |
| GUARANTEED RATE, INC. | $19,935,000 | $49,485,000 | 148.2% | 2.4% |
| Performance Financial, Inc. | $805,000 | $44,935,000 | 5,482.0% | 2.2% |
| Wells Fargo Bank | $57,485,000 | $41,700,000 | -27.5% | 2.0% |
| PNC Bank | $10,660,000 | $40,815,000 | 282.9% | 2.0% |
| SUMMIT FUNDING, INC. | $36,540,000 | $38,005,000 | 4.0% | 1.8% |
| LOANDEPOT.COM, LLC | $38,960,000 | $35,710,000 | -8.3% | 1.7% |
| Morgan Stanley Private Bank | $25,680,000 | $32,965,000 | 28.4% | 1.6% |
| PENNYMAC LOAN SERVICES, LLC | $18,015,000 | $28,810,000 | 59.9% | 1.4% |
| Franklin Loan Corporation | $1,260,000 | $26,700,000 | 2,019.0% | 1.3% |
| BMO Harris Bank | $16,220,000 | $23,990,000 | 47.9% | 1.1% |
| GUARANTEED RATE AFFINITY, LLC | $11,025,000 | $22,985,000 | 108.5% | 1.1% |
| Century Mortgage Company DBA Century Lending Company | $33,730,000 | $22,910,000 | -32.1% | 1.1% |
| Charles Schwab Bank, SSB | $11,560,000 | $20,010,000 | 73.1% | 1.0% |
| OCMBC, INC. | $18,040,000 | $19,595,000 | 8.6% | 0.9% |
| Citibank | $34,100,000 | $18,895,000 | -44.6% | 0.9% |
| Paramount Residential Mortgage Group, Inc. | $12,985,000 | $18,365,000 | 41.4% | 0.9% |
| Mechanics Bank | $24,790,000 | $18,030,000 | -27.3% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $15,710,000 | $17,570,000 | 11.8% | 0.8% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $12,160,000 | $16,040,000 | 31.9% | 0.8% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $18,180,000 | $15,555,000 | -14.4% | 0.7% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $20,450,000 | $14,785,000 | -27.7% | 0.7% |
| Fremont Bank | $15,410,000 | $14,210,000 | -7.8% | 0.7% |
| BAY | $14,930,000 | $14,055,000 | -5.9% | 0.7% |
| BAY-VALLEY MORTGAGE GROUP | $10,570,000 | $12,400,000 | 17.3% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $2,020,000 | $12,385,000 | 513.1% | 0.6% |
| The Loan Store, Inc. | $1,595,000 | $11,920,000 | 647.3% | 0.6% |
| First-Citizens Bank & Trust Company | $3,765,000 | $11,690,000 | 210.5% | 0.6% |
| HOMEXPRESS MORTGAGE CORP. | $7,030,000 | $11,375,000 | 61.8% | 0.5% |
| NEWREZ LLC | $5,610,000 | $11,330,000 | 102.0% | 0.5% |
| WESCOM CENTRAL CREDIT UNION | $10,475,000 | n/a | 0.5% | |
| FINANCE OF AMERICA REVERSE LLC | $4,365,000 | $10,110,000 | 131.6% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,195,000 | $10,080,000 | 40.1% | 0.5% |
| THE GOLDEN 1 | $11,470,000 | $10,040,000 | -12.5% | 0.5% |
| Tri Counties Bank | $1,815,000 | $9,545,000 | 425.9% | 0.5% |
| Goldman Sachs Bank USA | $2,005,000 | $9,485,000 | 373.1% | 0.5% |
| FUNDLOANS CAPITAL | $2,755,000 | $9,330,000 | 238.7% | 0.4% |
| Axos Bank | $6,215,000 | $8,380,000 | 34.8% | 0.4% |
| BROKER SOLUTIONS, INC. | $3,555,000 | $8,340,000 | 134.6% | 0.4% |
| Stifel Bank and Trust | $505,000 | $8,210,000 | 1,525.7% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $4,530,000 | $8,135,000 | 79.6% | 0.4% |
| STANFORD Federal Credit Union | $3,430,000 | $7,745,000 | 125.8% | 0.4% |
| NEXERA HOLDING LLC | $2,665,000 | $7,690,000 | 188.6% | 0.4% |
| GUILD MORTGAGE COMPANY | $5,040,000 | $7,240,000 | 43.7% | 0.3% |
| Comerica Bank | $5,555,000 | $7,200,000 | 29.6% | 0.3% |
| ML Mortgage Corp. | $7,135,000 | n/a | 0.3% | |
| Commerce Home Mortgage, Inc. | $9,725,000 | $6,865,000 | -29.4% | 0.3% |
| Logan Finance Corporation | $1,250,000 | $6,700,000 | 436.0% | 0.3% |
| Home Mortgage Alliance Corp | $6,670,000 | n/a | 0.3% | |
| SUN WEST MORTGAGE COMPANY, INC. | $4,690,000 | $6,415,000 | 36.8% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $3,045,000 | $6,160,000 | 102.3% | 0.3% |
| Hometown Equity Mortgage, LLC | $6,005,000 | $5,860,000 | -2.4% | 0.3% |
| STAR ONE CREDIT UNION | $6,920,000 | $5,455,000 | -21.2% | 0.3% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $5,135,000 | n/a | 0.2% | |
| Mortgage Research Center, LLC | $3,835,000 | $5,045,000 | 31.6% | 0.2% |
| Citizens Business Bank | $5,005,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $1,210,000 | $4,765,000 | 293.8% | 0.2% |
| DIGNIFIED HOME LOANS, LLC | $575,000 | $4,665,000 | 711.3% | 0.2% |
| City National Bank | $9,680,000 | $4,500,000 | -53.5% | 0.2% |
| Fifth Third Bank | $4,470,000 | n/a | 0.2% | |
| Figure Lending LLC | $3,435,000 | $4,450,000 | 29.5% | 0.2% |
| OAKTREE FUNDING CORP. | $910,000 | $4,355,000 | 378.6% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $1,380,000 | $4,325,000 | 213.4% | 0.2% |
| ARC HOME LLC | $3,540,000 | $4,320,000 | 22.0% | 0.2% |
| Inwood National Bank | $1,375,000 | $4,260,000 | 209.8% | 0.2% |
| Farmers & Merchants Bank of Central California | $4,185,000 | n/a | 0.2% | |
| LONGBRIDGE FINANCIAL, LLC | $3,055,000 | $4,175,000 | 36.7% | 0.2% |
| NMSI, INC. | $2,480,000 | $4,160,000 | 67.7% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $3,705,000 | $4,150,000 | 12.0% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $4,580,000 | $4,140,000 | -9.6% | 0.2% |
| AMWEST FUNDING CORP. | $5,735,000 | $4,110,000 | -28.3% | 0.2% |
| RESIDENTIAL BANCORP | $21,125,000 | $3,955,000 | -81.3% | 0.2% |
| JMAC LENDING, INC. | $2,415,000 | $3,880,000 | 60.7% | 0.2% |
| Citadel Servicing Corporation | $4,780,000 | $3,835,000 | -19.8% | 0.2% |
| Monterey Credit Union | $320,000 | $3,785,000 | 1,082.8% | 0.2% |
| AMERICAN HERITAGE LENDING, INC. | $970,000 | $3,655,000 | 276.8% | 0.2% |
| Raymond James Bank | $11,320,000 | $3,485,000 | -69.2% | 0.2% |
| MK LENDING CORP. | $1,475,000 | $3,390,000 | 129.8% | 0.2% |
| CMG MORTGAGE, INC. | $10,015,000 | $3,350,000 | -66.6% | 0.2% |
| GOOGAIN, INC. | $2,520,000 | $3,315,000 | 31.5% | 0.2% |
| NBKC BANK | $720,000 | $3,175,000 | 341.0% | 0.2% |
| AmeriHome Mortgage Company, LLC | $345,000 | $3,105,000 | 800.0% | 0.1% |
| Paramount Bank | $3,035,000 | n/a | 0.1% | |
| Citizens Bank | $2,005,000 | $3,010,000 | 50.1% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $5,020,000 | $2,985,000 | -40.5% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,265,000 | $2,980,000 | 135.6% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $665,000 | $2,965,000 | 345.9% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $1,995,000 | $2,830,000 | 41.9% | 0.1% |
| GEORGIA'S OWN | $415,000 | $2,825,000 | 580.7% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $2,050,000 | $2,770,000 | 35.1% | 0.1% |
| LENDSURE MORTGAGE CORP. | $1,270,000 | $2,700,000 | 112.6% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $1,290,000 | $2,645,000 | 105.0% | 0.1% |
| SCHOOLSFIRST | $4,460,000 | $2,625,000 | -41.1% | 0.1% |
| Zions Bank | $5,270,000 | $2,620,000 | -50.3% | 0.1% |
| Carrington Mortgage Services, LLC | $2,560,000 | $2,475,000 | -3.3% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $2,430,000 | n/a | 0.1% | |
| UBS Bank USA | $4,605,000 | $2,430,000 | -47.2% | 0.1% |
| NexBank | $2,390,000 | n/a | 0.1% | |
| FIRST COLONY MORTGAGE CORPORATION | $2,335,000 | n/a | 0.1% | |
| ENVOY MORTGAGE, LTD | $5,145,000 | $2,300,000 | -55.3% | 0.1% |
| Veritex Community Bank | $2,285,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $1,835,000 | $2,265,000 | 23.4% | 0.1% |
| Provident Credit Union | $2,540,000 | $2,245,000 | -11.6% | 0.1% |
| Umpqua Bank | $2,245,000 | n/a | 0.1% | |
| A&D Mortgage LLC | $3,210,000 | $2,195,000 | -31.6% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $465,000 | $2,180,000 | 368.8% | 0.1% |
| Shea Mortgage Inc. | $23,505,000 | $2,175,000 | -90.7% | 0.1% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $2,080,000 | n/a | 0.1% | |
| Provident Savings Bank, F.S.B. | $2,040,000 | n/a | 0.1% | |
| Farm Credit Mid-America, ACA | $2,005,000 | n/a | 0.1% | |
| Royal Business Bank | $1,980,000 | n/a | 0.1% | |
| ADVANCIAL | $1,975,000 | n/a | 0.1% | |
| COASTAL FUNDING SLC, INC. | $1,150,000 | $1,885,000 | 63.9% | 0.1% |
| ONY GLO, INC. | $745,000 | $1,855,000 | 149.0% | 0.1% |
| Union Savings Bank | $735,000 | $1,855,000 | 152.4% | 0.1% |
| Lakeview Community Capital, LLC | $1,815,000 | n/a | 0.1% | |
| NATIONS DIRECT MORTGAGE, LLC | $1,050,000 | $1,795,000 | 71.0% | 0.1% |
| QUORUM FEDERAL CREDIT UNION | $1,770,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $930,000 | $1,750,000 | 88.2% | 0.1% |
| Coastal Community Bank | $1,310,000 | $1,715,000 | 30.9% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,470,000 | $1,700,000 | -68.9% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $3,625,000 | $1,680,000 | -53.7% | 0.1% |
| Arbor Realty Trust, Inc. | $1,595,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $1,310,000 | $1,470,000 | 12.2% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $305,000 | $1,440,000 | 372.1% | 0.1% |
| MERIWEST | $290,000 | $1,435,000 | 394.8% | 0.1% |
| MICHIGAN MUTUAL, INC. | $1,180,000 | $1,430,000 | 21.2% | 0.1% |
| PHH Mortgage Corporation | $1,000,000 | $1,425,000 | 42.5% | 0.1% |
| Discover Bank | $2,430,000 | $1,415,000 | -41.8% | 0.1% |
| First National Bank of America | $840,000 | $1,395,000 | 66.1% | 0.1% |
| HighTechLending Inc | $2,015,000 | $1,355,000 | -32.8% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,750,000 | $1,350,000 | -22.9% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $1,345,000 | n/a | 0.1% | |
| Ameris Bank | $625,000 | $1,325,000 | 112.0% | 0.1% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $1,365,000 | $1,310,000 | -4.0% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $1,265,000 | n/a | 0.1% | |
| Luxury Mortgage Corp. | $1,235,000 | n/a | 0.1% | |
| Baxter Credit Union | $1,225,000 | n/a | 0.1% | |
| AUGUSTA FINANCIAL, INC. | $1,335,000 | $1,220,000 | -8.6% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $995,000 | $1,220,000 | 22.6% | 0.1% |
| Prosperity Home Mortgage, LLC | $525,000 | $1,205,000 | 129.5% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $395,000 | $1,190,000 | 201.3% | 0.1% |
| Washington Federal Bank | $1,185,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $1,180,000 | n/a | 0.1% | |
| LOGIX FEDERAL CREDIT UNION | $1,660,000 | $1,180,000 | -28.9% | 0.1% |
| Watermark Capital, Inc. | $255,000 | $1,180,000 | 362.7% | 0.1% |
| BETTER MORTGAGE CORPORATION | $465,000 | $1,175,000 | 152.7% | 0.1% |
| First Federal Bank | $785,000 | $1,170,000 | 49.0% | 0.1% |
| ALLIANT CREDIT UNION | $1,955,000 | $1,160,000 | -40.7% | 0.1% |
| MidFirst Bank | $1,135,000 | n/a | 0.1% | |
| INTERNATIONAL CITY MORTGAGE, INC. | $1,130,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $1,120,000 | n/a | 0.1% | |
| NFM, INC. | $1,115,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $1,115,000 | n/a | 0.1% | |
| CORNERSTONE HOME LENDING, INC. | $1,105,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,135,000 | $1,085,000 | -4.4% | 0.1% |
| Golden Empire Mortgage, Inc. | $825,000 | $1,075,000 | 30.3% | 0.1% |
| MOUNTAIN WEST FINANCIAL, INC. | $4,455,000 | $1,070,000 | -76.0% | 0.1% |
| SANDIA LABORATORY | $1,035,000 | n/a | 0.0% | |
| Toyota Financial Savings Bank | $605,000 | $1,020,000 | 68.6% | 0.0% |
| PLANET HOME LENDING, LLC | $815,000 | $990,000 | 21.5% | 0.0% |
| Bell Bank | $980,000 | n/a | 0.0% | |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $970,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $230,000 | $950,000 | 313.0% | 0.0% |
| AMERISAVE MORTGAGE CORPORATION | $2,540,000 | $920,000 | -63.8% | 0.0% |
| PROPER RATE, LLC | $845,000 | n/a | 0.0% | |
| SUMMIT MORTGAGE BANKERS INC. | $845,000 | n/a | 0.0% | |
| The Federal Savings Bank | $1,835,000 | $825,000 | -55.0% | 0.0% |
| Quontic Bank | $625,000 | $815,000 | 30.4% | 0.0% |
| ALAMEDA MORTGAGE CORPORATION | $1,350,000 | $810,000 | -40.0% | 0.0% |
| CIBM Bank | $810,000 | n/a | 0.0% | |
| MORTGAGEONE, INC. | $795,000 | n/a | 0.0% | |
| NATIONWIDE EQUITIES CORPORATION | $795,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $790,000 | n/a | 0.0% | |
| KD CAPITAL MORTGAGE CORPORATION | $830,000 | $770,000 | -7.2% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $675,000 | $765,000 | 13.3% | 0.0% |
| Bank of Hope | $745,000 | n/a | 0.0% | |
| HomeTrust Bank | $2,040,000 | $735,000 | -64.0% | 0.0% |
| EQUITY WAVE LENDING, INC. | $1,035,000 | $720,000 | -30.4% | 0.0% |
| INTERCAP LENDING INC. | $715,000 | n/a | 0.0% | |
| Pacific Lending LLC | $715,000 | n/a | 0.0% | |
| MERIWEST MORTGAGE COMPANY, LLC | $705,000 | n/a | 0.0% | |
| Northwest Farm Credit Services, FLCA | $600,000 | $705,000 | 17.5% | 0.0% |
| LANTZMAN MANAGEMENT, INC. | $425,000 | $690,000 | 62.4% | 0.0% |
| Ally Bank | $670,000 | $685,000 | 2.2% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $685,000 | n/a | 0.0% | |
| First Bank | $575,000 | $685,000 | 19.1% | 0.0% |
| Kwik Mortgage Corporation | $655,000 | n/a | 0.0% | |
| DATA MORTGAGE, INC. | $765,000 | $635,000 | -17.0% | 0.0% |
| NP, Inc. | $625,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $625,000 | n/a | 0.0% | |
| CommonWealth Central Credit Union | $105,000 | $610,000 | 481.0% | 0.0% |
| Greenbox Loans, Inc. | $445,000 | $610,000 | 37.1% | 0.0% |
| DIRECTORS MORTGAGE, INC. | $605,000 | n/a | 0.0% | |
| REDWOOD | $1,445,000 | $600,000 | -58.5% | 0.0% |
| FOUNDATION MORTGAGE CORPORATION | $595,000 | n/a | 0.0% | |
| VAL-CHRIS INVESTMENTS, INC. | $2,015,000 | $575,000 | -71.5% | 0.0% |
| PremierOne Credit Union | $565,000 | $555,000 | -1.8% | 0.0% |
| Encompass Lending Group, LP | $545,000 | n/a | 0.0% | |
| Unitus Community Credit Union | $545,000 | n/a | 0.0% | |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $1,815,000 | $535,000 | -70.5% | 0.0% |
| SCENIC OAKS FUNDING, INC. | $515,000 | n/a | 0.0% | |
| CENTURY | $505,000 | n/a | 0.0% | |
| F&A Federal Credit Union | $505,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $505,000 | n/a | 0.0% | |
| Self-Help Federal Credit Union | $505,000 | n/a | 0.0% | |
| FidelityLending Solutions Inc. dba Wholesale Mortgage Bankers | $495,000 | n/a | 0.0% | |
| PATELCO | $3,635,000 | $495,000 | -86.4% | 0.0% |
| UNCLE Credit Union | $555,000 | $490,000 | -11.7% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $625,000 | $485,000 | -22.4% | 0.0% |
| CBC Federal Credit Union | $480,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $465,000 | n/a | 0.0% | |
| CIBC Bank USA | $455,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $445,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $435,000 | n/a | 0.0% | |
| Truist | $4,690,000 | $425,000 | -90.9% | 0.0% |
| BM Real Estate Services, Inc. | $405,000 | n/a | 0.0% | |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $395,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $395,000 | n/a | 0.0% | |
| LOANPAL, LLC | $245,000 | $390,000 | 59.2% | 0.0% |
| First Horizon Bank | $375,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $375,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $695,000 | $365,000 | -47.5% | 0.0% |
| Murphy Bank | $310,000 | n/a | 0.0% | |
| INTELLILOAN, INC. | $75,000 | $305,000 | 306.7% | 0.0% |
| FIRST TECHNOLOGY | $735,000 | $300,000 | -59.2% | 0.0% |
| California Coast Credit Union | $410,000 | $290,000 | -29.3% | 0.0% |
| Bethpage Federal Credit Union | $2,515,000 | $280,000 | -88.9% | 0.0% |
| Firefighters First Federal Credit Union | $865,000 | $270,000 | -68.8% | 0.0% |
| ALL REVERSE MORTGAGE, INC. | $265,000 | n/a | 0.0% | |
| Northpointe Bank | $1,635,000 | $255,000 | -84.4% | 0.0% |
| SANTA CLARA COUNTY | $235,000 | $245,000 | 4.3% | 0.0% |
| TECHNOLOGY | $610,000 | $240,000 | -60.7% | 0.0% |
| SANTA CRUZ COMMUNITY CREDIT UNION | $75,000 | $225,000 | 200.0% | 0.0% |
| Financial Partners Credit Union | $465,000 | $205,000 | -55.9% | 0.0% |
| TOWNE MORTGAGE COMPANY | $910,000 | $195,000 | -78.6% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $515,000 | $170,000 | -67.0% | 0.0% |
| MID-VALLEY SERVICES, INC. | $155,000 | n/a | 0.0% | |
| Noble Federal Credit Union | $140,000 | n/a | 0.0% | |
| CARDINAL FINANCIAL | $1,465,000 | $105,000 | -92.8% | 0.0% |
| GREATER NEVADA LLC | $105,000 | n/a | 0.0% | |
| Water and Power Community Credit Union | $105,000 | n/a | 0.0% | |
| Connexus Credit Union | $280,000 | $95,000 | -66.1% | 0.0% |
| PACIFIC SERVICE | $425,000 | $85,000 | -80.0% | 0.0% |
| SESLOC | $250,000 | $85,000 | -66.0% | 0.0% |
| CHEVRON | $75,000 | n/a | 0.0% | |
| THE FIRST FINANCIAL Federal Credit Union | $65,000 | n/a | 0.0% | |
| COAST 2 COAST FUNDING GROUP, INC. | $55,000 | n/a | 0.0% | |
| AMERICAN FIRST | $45,000 | n/a | 0.0% |
SALINAS's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 12.0% market share. In second place, with 5.1%, is QUICKEN LOANS, LLC, having originated $106,805,000 in loans. In third place, with 5.0%, is JPMorgan Chase Bank, having originated $103,415,000 in loans. In fourth place, with 4.5%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $94,595,000 in loans. In fifth place, with 3.5%, is U.S. Bank, having originated $74,005,000 in loans.
SALINAS, CA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,852 | $1,306,930,000 | $705,686 |
| Cash Out Refi | 672 | $269,650,000 | $401,265 |
| Refi | 473 | $318,525,000 | $673,414 |
| Other | 384 | $107,000,000 | $278,646 |
| Home Improvement | 363 | $85,875,000 | $236,570 |
| NA | 1 | $585,000 | $585,000 |
Salinas's most frequently cited loan purpose was Home Purchase, with 1,852 originations. The 2nd most popular reason was Cash Out Refi, with 672 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,431 | $915,405,000 | $639,696 |
| Over 8% | 1,034 | $309,860,000 | $299,671 |
| 7-8% | 649 | $377,515,000 | $581,687 |
| 5-6% | 545 | $436,735,000 | $801,349 |
| <2.5% | 45 | $3,615,000 | $80,333 |
| 4-5% | 23 | $23,865,000 | $1,037,609 |
| 2.5-3% | 5 | $1,985,000 | $397,000 |
| 3-4% | 2 | $2,480,000 | $1,240,000 |
During 2024, Salinas's most frequently originated rate bucket was 6-7%, with 1,431 originations.
Loan Sizing (SALINAS, CA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $600k-1000k | 936 | $686,090,000 | $733,002 |
| $400k-600k | 833 | $418,555,000 | $502,467 |
| $200k-400k | 656 | $193,010,000 | $294,223 |
| $100k-200k | 495 | $67,305,000 | $135,970 |
| $100,000 or less | 462 | $26,950,000 | $58,333 |
| $Over $1MM | 363 | $696,655,000 | $1,919,160 |
SALINAS's loan sizing saw the bucket of loans from $600k-1000k with 936 originations, totaling $686,090,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 958 | $647,700,000 | $676,096 |
| Under 20% | 946 | $129,890,000 | $137,304 |
| 60-80% | 768 | $637,550,000 | $830,143 |
| 20-40% | 539 | $254,505,000 | $472,180 |
| 40-60% | 463 | $367,105,000 | $792,883 |
| Over 100% | 23 | $15,605,000 | $678,478 |
SALINAS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 958 originations, totaling $647,700,000 in origination value.