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.).

Name # of Loans 2020 Avg. 30yFix Rate 2020 Avg. Total Fees
QUICKEN LOANS, LLC 1,229 3.17% $5,849
UNITED WHOLESALE MORTGAGE, LLC 1,022 3.01% $5,662
Wells Fargo Bank, National Association 528 3.26% $3,740
SUMMIT FUNDING, INC. 297 3.16% $5,435
JPMorgan Chase Bank, National Association 262 3.23% $5,749
AMERICAN PACIFIC MORTGAGE CORPORATION 251 3.28% $5,395
FINANCE OF AMERICA MORTGAGE LLC 247 3.42% $5,678
HOME POINT FINANCIAL CORPORATION 228 3.09% $5,742
LOANDEPOT.COM, LLC 228 3.05% $4,331
ENVOY MORTGAGE, LTD 210 3.35% $5,788
LENDUS, LLC 193 3.28% $5,076
MASON MCDUFFIE MORTGAGE CORPORATION 186 3.20% $6,679
CALIBER HOME LOANS, INC. 177 3.19% $4,322
AMERICAN FINANCIAL NETWORK, INC. 162 3.09% $6,856
S1L, Inc. 161 2.96% $4,583
Bank of America, National Association 160 3.23% $4,627
Flagstar Bank, FSB 151 3.27% $5,192
CMG MORTGAGE, INC. 142 3.20% $6,718
MUTUAL OF OMAHA MORTGAGE, INC. 136 3.38% $3,857
Fremont Bank 133 3.42% $1,569
PRIMELENDING, A PLAINSCAPITAL COMPANY 127 3.38% $5,491
GUARANTEED RATE AFFINITY, LLC 124 3.23% $4,277
U.S. Bank National Association 113 3.30% $4,817
AMERISAVE MORTGAGE CORPORATION 90 2.80% $4,711
Sierra Pacific Mortgage Company, Inc. 87 3.27% $5,698
BAY-VALLEY MORTGAGE GROUP 85 3.00% $6,107
MOUNTAIN WEST FINANCIAL, INC. 82 3.30% $6,369
NATIONSTAR MORTGAGE LLC 77 3.32% $6,136
STEARNS LENDING, LLC 74 3.27% $6,948
MUFG Union Bank, National Association 72 3.52% $4,336
PENNYMAC LOAN SERVICES, LLC 72 3.20% $5,405
First Republic Bank 63 2.94% $5,327
Paramount Residential Mortgage Group, Inc. 63 3.23% $4,919
GUILD MORTGAGE COMPANY 61 3.30% $5,199
INSPIRE HOME LOANS INC. 61 3.36% $5,454
Charles Schwab Bank, SSB 48 2.83% $4,124
ONY GLO, INC. 45 3.19% $3,995
PROVIDENT FUNDING ASSOCIATES, L.P. 44 3.22% $3,293
BAY 44 3.43% $2,163
NEWREZ LLC 44 3.31% $3,730
BROKER SOLUTIONS, INC. 42 3.15% $5,095
Morgan Stanley Private Bank, National Association 42 2.94% $4,512
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 41 3.26% $5,024
NETWORK CAPITAL FUNDING CORPORATION 38 2.99% $4,399
GUARANTEED RATE, INC. 38 3.29% $5,515
NAVY FEDERAL CREDIT UNION 37 2.94% $8,194
Mechanics Bank 36 3.25% $3,462
WINNPOINTE CORPORATION 35 3.00% $1,037
THE GOLDEN 1 33 3.23% $4,566
PREMIER MORTGAGE RESOURCES, L.L.C. 32 3.07% $5,563
LADERA LENDING, INC. 31 3.06% $4,191
PLANET HOME LENDING, LLC 31 3.08% $4,377
General Mortgage Capital Corporation 31 3.41% $4,083
BETTER MORTGAGE CORPORATION 30 2.89% $4,372
GOOGAIN, INC. 28 3.38% $2,581
EVERETT FINANCIAL, INC. 27 3.11% $2,267
Commerce Home Mortgage, Inc. 26 3.42% $4,478
LAND HOME FINANCIAL SERVICES, INC. 26 3.30% $4,250
UBS Bank USA 26 3.06% $5,278
FREEDOM MORTGAGE CORPORATION 26 3.63% $4,417
DIGNIFIED HOME LOANS, LLC 26 3.27% $4,948
OCMBC, INC. 25 3.59% $6,571
PNC Bank, National Association 25 3.26% $4,644
Prosperity Home Mortgage, LLC 25 3.33% $4,696
CROSSCOUNTRY MORTGAGE, LLC 24 2.92% $4,651
Citibank, National Association 24 2.87% $5,316
Bank of the West 23 3.33% $6,665
Strong Home Mortgage, LLC 22 3.15% $1,343
Ally Bank 22 3.20% $5,109
HOMEBRIDGE FINANCIAL SERVICES, INC. 20 3.31% $5,922
NBKC BANK 20 3.11% $2,522
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 19 3.28% $4,030
Monterey Credit Union 19 3.17% $1,982
CHERRY CREEK MORTGAGE, LLC 19 3.00% $913
IMPAC MORTGAGE CORP. 16 3.09% $1,882
JMAC LENDING, INC. 16 3.23% $6,410
Wyndham Capital Mortgage, Inc. 16 3.16% $1,742
Watermark Capital, Inc. 16 3.07% $2,882
TIAA, FSB 15 3.57% $5,929
InterContinental Capital Group, Inc 15 2.95% $5,860
STAR ONE CREDIT UNION 15 3.15% $2,641
GRANDE HOMES, INC. 15 2.74% $3,387
LOANPAL, LLC 15 3.20% $4,934
MICHIGAN MUTUAL, INC. 14 3.07% $7,105
MOVEMENT MORTGAGE, LLC 14 3.14% $4,333
LENDERFI, INC. 13 2.95% $1,148
CELEBRITY HOME LOANS, LLC 13 3.04% $4,193
Provident Credit Union 13 3.13% $3,044
City National Bank 12 3.07% $7,712
CIT Bank, National Association 12 3.59% $5,335
SUN WEST MORTGAGE COMPANY, INC. 12 3.19% $1,345
ACADEMY MORTGAGE CORPORATION 12 3.38% $6,041
PARKSIDE LENDING, LLC 11 3.09% $3,482
BBVA USA 11 3.43% $6,429
SOVEREIGN LENDING GROUP INCORPORATED 11 2.77% $4,209
The Loan Store, Inc. 11 3.09% $3,776
FirstBank 11 3.10% $1,996
Carrington Mortgage Services, LLC 11 3.67% $9,955
Golden Empire Mortgage, Inc. 11 2.82% $4,339
MEGA CAPITAL FUNDING, INC. 10 3.06% $3,689
PLAZA HOME MORTGAGE, INC. 10 3.08% $8,502
SNAPFI, INC. 10 3.20% $2,096
NEXERA HOLDING LLC 10 3.20% $8,361
ON Q FINANCIAL, INC. 10 3.39% $5,462
SOFI LENDING CORP. 9 3.17% $3,589
NATIONS DIRECT MORTGAGE, LLC 9 3.40% $4,355
FIRST CHOICE LOAN SERVICES INC. 9 3.33% $936
PATELCO 9 3.57% $3,103
FISHER FINANCIAL GROUP, INCORPORATED 8 3.08% $2,414
The Federal Savings Bank 8 3.03% $11,392
United Fidelity Funding Corp. 8 3.31% $9,214
Neighborhood Loans, Inc. 8 3.19% $3,214
First Savings Bank 8 3.16% $8,165
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 8 3.25% $3,888
PHH Mortgage Corporation 7 3.32% $5,991
First Guaranty Mortgage Corporation 7 3.82% $3,393
BNC National Bank 7 3.16% $3,542
AMCAP MORTGAGE, LTD. 7 3.36% $4,378
AMERICAN FINANCING CORPORATION 7 3.27% $5,022
EMBRACE HOME LOANS, INC. 7 2.87% $5,066
Raymond James Bank, National Association 7 2.86% $4,155
ROUNDPOINT MORTGAGE SERVICING CORPORATION 7 3.88% $3,035
Arvest Bank 7 3.50% $4,887
Stifel Bank and Trust 7 2.91% $3,697
ZILLOW HOME LOANS, LLC 7 3.29% $4,155
BAY EQUITY LLC 7 3.30% $4,712
ANGEL OAK MORTGAGE SOLUTIONS LLC 7 4.80% $8,038
North American Savings Bank, F.S.B. 6 2.90% $3,575
Axos Bank 6 4.54% $9,010
KD CAPITAL MORTGAGE CORPORATION 6 3.02% $5,673
USAA Federal Savings Bank 6 3.58% $7,709
MERIWEST MORTGAGE COMPANY, LLC 6 3.38% $3,419
SCHOOLSFIRST 6 3.50% $3,106
Comerica Bank 6 3.15% $2,776
Prime Choice Funding Inc. 6 2.75% $3,655
GOLDEN WEST ALLIANCE, INC. 6 3.15% $6,376
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 3.08% $5,202
CENTRAL COAST LENDING, INC. 6 2.96% $4,075
Equity Prime Mortgage LLC 6 2.90% $10,776
NMSI, INC. 6 3.46% $10,092
ARC HOME LLC 6 3.31% $4,730
INTELLILOAN, INC. 5 3.02% $2,403
STANFORD Federal Credit Union 5 3.10% $3,964
S&S Financial 5 2.85% $2,442
Cf Bank, National Association 5 2.90% $1,295
LAKEVIEW LOAN SERVICING, LLC 5 3.38% $4,690
Hometown Equity Mortgage, LLC 5 3.18% $6,427
CALCULATED RISK ANALYTICS LLC 5 3.45% $7,603
AUGUSTA FINANCIAL, INC. 5 2.95% $8,043
HighTechLending Inc 5 3.65% $4,635
LOANLEADERS OF AMERICA, INC. 5 2.98% $6,099
HOMEXPRESS MORTGAGE CORP. 5 4.82% $18,550
TRI-EMERALD FINANCIAL GROUP, INC. 5 2.88% $2,358
KBHS HOME LOANS, LLC 5 2.95% $11,848
GENEVA FINANCIAL, LLC 5 3.30% $5,461
COASTHILLS 5 3.50% $2,421
HOMESIDE FINANCIAL, LLC 5 2.82% $4,437
Goldman Sachs Bank USA 5 2.86% $4,326
FIRST TECHNOLOGY 5 3.08% $7,111
LOGIX FEDERAL CREDIT UNION 5 3.38% $3,884
CORNERSTONE HOME LENDING, INC. 4 3.56% $4,212
First Mortgage Solutions, LLC 4 3.03% $2,136
AMERICAN INTERNET MORTGAGE, INC. 4 3.16% $2,527
COASTAL FUNDING SLC, INC. 4 3.34% $4,948
Citadel Servicing Corporation 4 5.41% $15,723
TOWNE MORTGAGE COMPANY 4 3.31% $4,307
PREMIER LENDING, INC. 4 3.06% $4,189
HOME APPROVALS DIRECT, INC. 4 3.40% $5,827
Tri Counties Bank 4 3.66% $6,028
AmeriHome Mortgage Company, LLC 4 3.22% $3,052
HSBC BANK USA, NATIONAL ASSOCIATION 4 2.81% $7,294
ALAMEDA MORTGAGE CORPORATION 4 2.94% $3,523
JMJ FINANCIAL GROUP 4 3.31% $4,488
Nations Lending Corporation 4 3.25% $13,691
NexBank 4 3.22% $9,548
MLD MORTGAGE INC. 4 2.91% $3,575
PACIFIC SERVICE 4 2.91% $4,018
Silicon Valley Bank 4 2.72% $4,402
PIKE CREEK MORTGAGE SERVICES, INC. 3 2.63% $2,864
KINECTA 3 3.50% $3,799
Umpqua Bank 3 3.42% $5,344
ABSOLUTE HOME MORTGAGE CORPORATION 3 3.21% $2,314
VISION ONE MORTGAGE, INC. 3 3.38% $10,438
BNY Mellon, National Association 3 2.83% $3,733
Boston Private Bank & Trust Company 3 2.88% $4,717
SEA WEST COAST GUARD FEDERAL CREDIT UNION 3 3.00% $16,078
Amerifirst Financial, Inc. 3 3.50% $3,976
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.08% $5,311
CUSTOMER SERVICE MORTGAGE CORPORATION 3 3.62% $3,491
Luxury Mortgage Corp. 3 3.58% $13,037
WESTERN EXPRESS LENDING 3 2.92% $4,800
Magnolia Bank 3 3.21% $7,687
SCENIC OAKS FUNDING, INC. 3 3.67% $3,129
FBC MORTGAGE, LLC 3 2.96% $3,911
LOANSNAP, INC. 3 3.17% $4,657
First Bank 3 3.33% $5,058
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 3.79% $7,597
OAKTREE FUNDING CORP. 3 3.88% $13,852
Bank of England 3 3.08% $6,873
PENTAGON FEDERAL CREDIT UNION 3 3.46% $3,622
KELLER MORTGAGE, LLC 3 3.13% $2,202
KeyBank National Association 3 3.21% $5,494
First Western Trust Bank 2 3.38% $3,497
ADVANCIAL 2 4.19% $9,168
Advisors Mortgage Group, L.L.C. 2 3.44% $2,610
AMERICAN FINANCIAL RESOURCES, INC. 2 3.56% $6,130
Ameris Bank 2 3.50% $3,589
BEST CAPITAL FUNDING 2 3.69% $5,559
BMO Harris Bank National Association 2 3.25% $15,217
California Coast Credit Union 2 3.06% $3,245
CHEVRON 2 3.38% $11,710
CHURCHILL MORTGAGE CORPORATION 2 3.63% $5,284
CIBC Bank USA 2 2.94% $5,444
COMMUNITY MORTGAGE FUNDING, LLC 2 2.75% $3,235
Cornerstone First Mortgage, Inc 2 2.63% $3,920
DEEPHAVEN MORTGAGE LLC 2 5.31% $3,987
EMM LOANS LLC 2 4.38% $10,637
EXCITE Credit Union 2 2.94% $6,647
Firefighters First Federal Credit Union 2 2.88% $5,803
Greenbox Loans, Inc. 2 6.12% $30,508
HOMESTEAD FUNDING CORP. 2 2.75% $3,436
HomeStreet Bank 2 2.81% $14,178
KEYPOINT 2 3.50% $6,276
Kwik Mortgage Corporation 2 3.00% $1,980
LENDSURE MORTGAGE CORP. 2 6.31% $18,987
LOANFLIGHT LENDING, LLC 2 2.93% $2,034
Merchants Bank of Indiana 2 2.75% $1,821
MORIA DEVELOPMENT, INC. 2 3.18% $2,748
NOVA FINANCIAL & INVESTMENT CORPORATION 2 2.99% $4,631
Paramount Bank 2 2.56% $1,982
PRIVATE MORTGAGE ADVISORS, LLC 2 2.69% $5,169
REDWOOD 2 3.56% $3,001
SAFE CREDIT UNION 2 3.13% $5,312
SECURITYNATIONAL MORTGAGE COMPANY 2 3.19% $6,013
SPRING EQ, LLC 2 2.75% $2,570
Summit Mortgage Corporation 2 3.19% $3,794
Sunflower Bank, National Association 2 3.44% $8,653
Truist Bank 2 3.18% $3,042
UNIFY FINANCIAL Credit Union 2 3.13% $1,776
WALL FINANCIAL, INC. 2 3.18% $4,055
LO, INC. 1 3.13% $3,164
Loan Simple, Inc. 1 3.63% $14,381
ATHAS CAPITAL GROUP, INC. 1 4.75% $15,477
LIBERTY HOME MORTGAGE CORPORATION 1 2.50% $18,486
Lakeview Community Capital, LLC 1 2.99% $2,712
JTF ROSE, INC. 1 8.70% $9,687
JET DIRECT FUNDING CORP 1 3.99% $7,496
IVY MORTGAGE, INC. 1 3.00% $2,095
Performance Financial, Inc. 1 2.50% $7,265
ISERVE RESIDENTIAL LENDING, LLC 1 2.88% $3,189
INTERCAP LENDING INC. 1 2.75% $3,915
Independent Bank 1 2.38% $4,639
Hometown Lenders, Inc. 1 3.25% $3,483
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 2.88% $8,683
PREMIER AMERICA 1 3.63% $4,243
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 4.25% $3,203
HERITAGE COMMUNITY CREDIT UNION 1 2.38% $2,487
GoPrime Mortgage, Inc. 1 4.13% $8,031
GARDNER FINANCIAL SERVICES, LTD. 1 3.00% $6,161
FUNDLOANS CAPITAL 1 5.25% $6,321
Zions Bancorporation, N.A. 1 3.38% $1,722
FLAT BRANCH MORTGAGE, INC. 1 2.88% $1,127
1ST UNITED SERVICES CREDIT UNION 1 3.35% $4,503
First Option Mortgage, LLC 1 3.38% $3,177
First Interstate Bank 1 3.63% $14,686
RANLIFE, INC. 1 2.75% $7,744
First Internet Bank of Indiana 1 3.75% $2,816
Assurance Financial Group, L.L.C. 1 3.25% $4,023
Reliant Bank 1 3.25% $3,720
Republic Bank & Trust Company 1 3.13% $2,117
RESIDENTIAL BANCORP. 1 2.88% $4,602
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 2.88% $4,930
First Federal Bank of Kansas City 1 2.88% $2,417
First Federal Bank 1 2.88% $7,176
ANGEL OAK HOME LOANS LLC 1 2.75% $36,377
SANTA CLARA COUNTY 1 3.50% $2,699
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.88% $2,730
Financial Partners Credit Union 1 3.63% $4,736
Financial Funding Solutions, Inc. 1 2.88% $6,045
AMERICAN HERITAGE LENDING, INC. 1 2.63% $2,895
Semper Home Loans, Inc. 1 3.50% $3,199
Fifth Third Bank, National Association 1 3.13% $7,131
FEDEX EMPLOYEES CREDIT ASSOCIATION 1 3.63% $3,524
F&A Federal Credit Union 1 3.25% $0
Evolve Bank & Trust 1 3.00% $650
DRAPER AND KRAMER MORTGAGE CORP. 1 3.13% $3,109
Willamette Valley Bank 1 2.88% $4,045
DIRECT MORTGAGE, CORP. 1 3.25% $10,610
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.00% $5,016
DATA MORTGAGE, INC. 1 3.50% $4,040
CRESCENT MORTGAGE COMPANY 1 3.25% $2,460
Sterling Bank and Trust, FSB 1 3.38% $0
ST FIN CORP 1 3.00% $3,217
COUNTRY CLUB MORTGAGE, INC. 1 2.88% $3,616
Constant Investments, Inc. 1 3.63% $2,762
CommonWealth Central Credit Union 1 2.88% $1,974
SUMMIT MORTGAGE BANKERS INC. 1 3.25% $8,971
Amalgamated Bank 1 3.75% $5,076
SUMMIT MORTGAGE CORPORATION 1 3.13% $3,052
ALLIANT CREDIT UNION 1 3.50% $3,173
Colonial Savings, F.A. 1 3.00% $3,088
TCF National Bank 1 3.25% $3,126
Citizens Bank, National Association 1 2.50% $7,698
CHU & ASSOCIATES, INC. 1 3.13% $7,138
Capital Bank, National Association 1 2.88% $2,987
The Northern Trust Company 1 2.50% $6,442
Third Federal Savings and Loan Association of Cleveland 1 3.14% $3,348
CANOPY MORTGAGE, LLC 1 3.38% $8,242
TJC Mortgage, Inc. 1 2.75% $5,646
T. J. FINANCIAL, INC. 1 3.13% $3,103
TOGETHER CREDIT UNION 1 2.88% $2,848
CALIFORNIA CREDIT UNION 1 3.13% $0
CALCON MUTUAL MORTGAGE LLC 1 2.50% $5,238
BRIDGELOCK CAPITAL 1 3.99% $4,191
XCEED FINANCIAL 1 3.88% $2,915
Bell Bank 1 3.63% $4,172
UMB Bank, National Association 1 3.13% $3,525
BECKAM FUNDING CORP. 1 3.38% $14,241
5TH STREET CAPITAL, INC. 1 6.99% $12,354
Barrington Bank & Trust Company, N.A. 1 3.38% $6,802
UNITED MORTGAGE CORP. 1 2.75% $5,189
UNITED SECURITY FINANCIAL CORP 1 2.50% $3,794
Bank Iowa 1 2.50% $2,301
Bank-Fund Staff Federal Credit Union 1 2.63% $3,541
AXIA FINANCIAL, LLC 1 3.38% $4,513
NATIONS RELIABLE LENDING, LLC 1 2.63% $13,268
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.88% $7,725
MORTGAGE NOW, INC. 1 2.99% $4,103
MORTGAGE CAPITAL PARTNERS, INC. 1 2.88% $3,304
MORTGAGE ACCESS CORP. 1 3.63% $4,773
MID-VALLEY SERVICES, INC. 1 2.75% $9,216
MID AMERICA MORTGAGE, INC. 1 2.75% $2,779
Northpointe Bank 1 3.88% $6,113
VICTORIA FINANCIAL CORP. 1 2.63% $2,762
Manufacturers and Traders Trust Company 1 3.13% $23,045
Luther Burbank Savings 1 4.25% $4,167
Los Angeles Federal Credit Union 1 3.63% $3,018

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.