Ukiah Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ukiah averaged
6.35%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.15% and
one month ago for the week of 2024-09-05, the
average rate was 6.48%.
Ukiah's average rate one year ago was 7.42%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.72%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
| Ukiah 30 Year Fixed Rate | 2024-10-10 | 6.35% |
| Ukiah 30 Year Fixed Rate Refi | 2024-10-10 | 6.72% |
| Ukiah 15 Year Fixed Rate | 2024-10-10 | 5.41% |
| Ukiah 15 Year Fixed Rate Refi | 2024-10-10 | 5.61% |
| Ukiah 30 Year FHA | 2024-10-10 | 6.3% |
| Ukiah 30 Year FHA Refi | 2024-10-10 | 6.1% |
| Ukiah 30 Year USDA | 2024-10-10 | 5.98% |
| Ukiah 30 Year USDA Refi | 2024-10-10 | 6.08% |
| Ukiah 30 Year VA | 2024-10-10 | 5.85% |
| Ukiah 30 Year VA Refi | 2024-10-10 | 6.05% |
Ukiah 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 Ukiah, 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.).
Ukiah Average Closing Costs & Other Stats
Ukiah, CA's 72 lenders originated 675
loans during 2023. The total origination value was $223,235,000, with an average loan value of
$330,719.
Ukiah's average closing costs are $6,233.
The top Ukiah lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
43 loans originated. Their average total fees are
$9,856, which is $2,497
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Ukiah lenders (with over 10 loans originated) are
REDWOOD ($3,834), QUICKEN LOANS, LLC ($7,359), Century Mortgage Company DBA Century Lending Company ($7,390), PENNYMAC LOAN SERVICES, LLC ($8,993) and Umpqua Bank ($9,208).
The lowest rate Ukiah lenders (with over 10 loans originated) are
Umpqua Bank (6.54%), UNITED WHOLESALE MORTGAGE, LLC (6.64%), REDWOOD (6.74%), PENNYMAC LOAN SERVICES, LLC (6.84%) and QUICKEN LOANS, LLC (6.91%).
Ukiah, CA Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $41,480,000 | $28,725,000 | -30.7% | 12.9% |
| REDWOOD | $37,430,000 | $17,995,000 | -51.9% | 8.1% |
| QUICKEN LOANS, LLC | $37,870,000 | $14,320,000 | -62.2% | 6.4% |
| EVERETT FINANCIAL, INC. | $17,840,000 | $11,570,000 | -35.1% | 5.2% |
| Umpqua Bank | $11,620,000 | $9,470,000 | -18.5% | 4.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $11,270,000 | $7,015,000 | -37.8% | 3.1% |
| Century Mortgage Company DBA Century Lending Company | $9,245,000 | $6,265,000 | -32.2% | 2.8% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $345,000 | $5,810,000 | 1,584.1% | 2.6% |
| LOANDEPOT.COM, LLC | $26,440,000 | $5,565,000 | -79.0% | 2.5% |
| PENNYMAC LOAN SERVICES, LLC | $3,365,000 | $5,225,000 | 55.3% | 2.3% |
| U.S. Bank | $3,495,000 | $4,870,000 | 39.3% | 2.2% |
| Bank of America | $4,670,000 | $4,690,000 | 0.4% | 2.1% |
| Paramount Residential Mortgage Group, Inc. | $4,980,000 | $3,790,000 | -23.9% | 1.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,845,000 | $3,585,000 | -38.7% | 1.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $4,820,000 | $3,440,000 | -28.6% | 1.5% |
| Exchange Bank | $3,855,000 | $3,265,000 | -15.3% | 1.5% |
| JPMorgan Chase Bank | $5,045,000 | $2,980,000 | -40.9% | 1.3% |
| GUILD MORTGAGE COMPANY | $5,525,000 | $2,915,000 | -47.2% | 1.3% |
| THE GOLDEN 1 | $2,340,000 | $2,495,000 | 6.6% | 1.1% |
| BROKER SOLUTIONS, INC. | $2,925,000 | $2,490,000 | -14.9% | 1.1% |
| CMG MORTGAGE, INC. | $5,585,000 | $2,255,000 | -59.6% | 1.0% |
| ALAMEDA MORTGAGE CORPORATION | $1,700,000 | $2,170,000 | 27.6% | 1.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $215,000 | $2,125,000 | 888.4% | 1.0% |
| Wells Fargo Bank | $14,360,000 | $2,065,000 | -85.6% | 0.9% |
| BMO Harris Bank | $2,040,000 | n/a | 0.9% | |
| The Loan Store, Inc. | $485,000 | $1,985,000 | 309.3% | 0.9% |
| Mortgage Research Center, LLC | $3,560,000 | $1,960,000 | -44.9% | 0.9% |
| Hometown Equity Mortgage, LLC | $1,920,000 | n/a | 0.9% | |
| American Mortgage & Equity Consultants, Inc. | $1,845,000 | n/a | 0.8% | |
| COMMUNITY FIRST CREDIT UNION | $3,295,000 | $1,775,000 | -46.1% | 0.8% |
| PATELCO | $1,200,000 | $1,770,000 | 47.5% | 0.8% |
| Flagstar Bank, FSB | $5,055,000 | $1,655,000 | -67.3% | 0.7% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,630,000 | n/a | 0.7% | |
| Sierra Pacific Mortgage Company, Inc. | $2,280,000 | $1,610,000 | -29.4% | 0.7% |
| PLAZA HOME MORTGAGE, INC. | $1,010,000 | $1,605,000 | 58.9% | 0.7% |
| SUMMIT FUNDING, INC. | $2,090,000 | $1,435,000 | -31.3% | 0.6% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,100,000 | $1,330,000 | 20.9% | 0.6% |
| RESIDENTIAL BANCORP | $860,000 | $1,220,000 | 41.9% | 0.5% |
| S1L, Inc. | $1,300,000 | $1,205,000 | -7.3% | 0.5% |
| Provident Credit Union | $1,115,000 | n/a | 0.5% | |
| COMMUNITY MORTGAGE FUNDING, LLC | $1,110,000 | n/a | 0.5% | |
| GUARANTEED RATE, INC. | $4,755,000 | $1,080,000 | -77.3% | 0.5% |
| Morgan Stanley Private Bank | $715,000 | $1,030,000 | 44.1% | 0.5% |
| Commerce Home Mortgage, Inc. | $1,745,000 | $1,010,000 | -42.1% | 0.5% |
| Tri Counties Bank | $1,415,000 | $935,000 | -33.9% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $1,535,000 | $920,000 | -40.1% | 0.4% |
| NEWREZ LLC | $2,620,000 | $915,000 | -65.1% | 0.4% |
| OCMBC, INC. | $325,000 | $875,000 | 169.2% | 0.4% |
| 21ST MORTGAGE CORPORATION | $865,000 | $860,000 | -0.6% | 0.4% |
| CALIBER HOME LOANS, INC. | $7,950,000 | $840,000 | -89.4% | 0.4% |
| Stifel Bank and Trust | $805,000 | n/a | 0.4% | |
| KeyBank | $555,000 | $785,000 | 41.4% | 0.4% |
| DEEPHAVEN MORTGAGE LLC | $735,000 | n/a | 0.3% | |
| ON Q FINANCIAL, INC. | $1,205,000 | $730,000 | -39.4% | 0.3% |
| PREMIER LENDING, INC. | $3,270,000 | $730,000 | -77.7% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,055,000 | $725,000 | -76.3% | 0.3% |
| Citizens Bank | $715,000 | n/a | 0.3% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $6,645,000 | $705,000 | -89.4% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $250,000 | $655,000 | 162.0% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,270,000 | $650,000 | -48.8% | 0.3% |
| Mechanics Bank | $6,005,000 | $625,000 | -89.6% | 0.3% |
| First State Bank of St. Charles, Missouri | $615,000 | n/a | 0.3% | |
| Princeton Mortgage Corporation | $405,000 | $610,000 | 50.6% | 0.3% |
| FINANCE OF AMERICA REVERSE LLC | $3,095,000 | $605,000 | -80.5% | 0.3% |
| PNC Bank | $2,525,000 | $585,000 | -76.8% | 0.3% |
| Fremont Bank | $470,000 | $580,000 | 23.4% | 0.3% |
| FIRST NATIONS HOME FINANCE CORPORATION | $565,000 | n/a | 0.3% | |
| UBS Bank USA | $565,000 | n/a | 0.3% | |
| First Republic Bank | $3,910,000 | $555,000 | -85.8% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $6,840,000 | $545,000 | -92.0% | 0.2% |
| City National Bank | $1,160,000 | $545,000 | -53.0% | 0.2% |
| ALLIANT CREDIT UNION | $280,000 | $535,000 | 91.1% | 0.2% |
| MOUNTAIN WEST FINANCIAL, INC. | $1,095,000 | $535,000 | -51.1% | 0.2% |
| Franklin Loan Corporation | $515,000 | n/a | 0.2% | |
| GUARANTY HOME MORTGAGE CORPORATION | $515,000 | n/a | 0.2% | |
| GUARANTEED RATE AFFINITY, LLC | $1,655,000 | $510,000 | -69.2% | 0.2% |
| Alaska USA Federal Credit Union | $505,000 | n/a | 0.2% | |
| RANLIFE, INC. | $485,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $455,000 | n/a | 0.2% | |
| HOMEXPRESS MORTGAGE CORP. | $2,860,000 | $455,000 | -84.1% | 0.2% |
| A&D Mortgage LLC | $1,580,000 | $445,000 | -71.8% | 0.2% |
| OPEN MORTGAGE, LLC | $515,000 | $435,000 | -15.5% | 0.2% |
| AMWEST FUNDING CORP. | $1,730,000 | $425,000 | -75.4% | 0.2% |
| ARC HOME LLC | $425,000 | n/a | 0.2% | |
| General Mortgage Capital Corporation | $410,000 | n/a | 0.2% | |
| Cathay Bank | $405,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $315,000 | $395,000 | 25.4% | 0.2% |
| HomeTrust Bank | $105,000 | $390,000 | 271.4% | 0.2% |
| NP, Inc. | $385,000 | n/a | 0.2% | |
| Discover Bank | $385,000 | $380,000 | -1.3% | 0.2% |
| Platinum Home Mortgage Corporation | $375,000 | n/a | 0.2% | |
| Figure Lending LLC | $145,000 | $370,000 | 155.2% | 0.2% |
| The Federal Savings Bank | $365,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $355,000 | n/a | 0.2% | |
| FIRST TECHNOLOGY | $345,000 | n/a | 0.2% | |
| SCHOOLSFIRST | $335,000 | n/a | 0.2% | |
| VERITAS FUNDING, LLC | $335,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $205,000 | $315,000 | 53.7% | 0.1% |
| VAL-CHRIS INVESTMENTS, INC. | $315,000 | n/a | 0.1% | |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $535,000 | $295,000 | -44.9% | 0.1% |
| NEW DAY FINANCIAL, LLC | $285,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $255,000 | $275,000 | 7.8% | 0.1% |
| SAN FRANCISCO FIRE CREDIT UNION | $705,000 | $275,000 | -61.0% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $155,000 | $255,000 | 64.5% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $590,000 | $255,000 | -56.8% | 0.1% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $245,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $245,000 | n/a | 0.1% | |
| Zions Bank | $245,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $185,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $220,000 | $145,000 | -34.1% | 0.1% |
| Truist | $1,005,000 | $145,000 | -85.6% | 0.1% |
| PHH Mortgage Corporation | $125,000 | n/a | 0.1% | |
| Coastal Community Bank | $110,000 | n/a | 0.0% | |
| Connexus Credit Union | $95,000 | n/a | 0.0% | |
| Sierra Central Credit Union | $65,000 | n/a | 0.0% | |
| LOANPAL, LLC | $1,995,000 | $55,000 | -97.2% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $35,000 | n/a | 0.0% |
Ukiah's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 12.9% market share. In second place, with 8.1%, is REDWOOD, having originated $17,995,000 in loans. In third place, with 6.4%, is QUICKEN LOANS, LLC, having originated $14,320,000 in loans. In fourth place, with 5.2%, is EVERETT FINANCIAL, INC., having originated $11,570,000 in loans. In fifth place, with 4.2%, is Umpqua Bank, having originated $9,470,000 in loans.
Ukiah, CA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 414 | $174,440,000 | $421,353 |
| Cash Out Refi | 91 | $23,425,000 | $257,418 |
| Home Improvement | 77 | $7,765,000 | $100,844 |
| Other | 62 | $8,770,000 | $141,452 |
| Refi | 31 | $8,835,000 | $285,000 |
Ukiah's most frequently cited loan purpose was Home Purchase, with 414 originations. The 2nd most popular reason was Cash Out Refi, with 91 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 263 | $96,655,000 | $367,510 |
| 7-8% | 161 | $53,065,000 | $329,596 |
| Over 8% | 130 | $24,340,000 | $187,231 |
| 5-6% | 99 | $40,465,000 | $408,737 |
| 4-5% | 11 | $4,625,000 | $420,455 |
| <2.5% | 6 | $450,000 | $75,000 |
| 2.5-3% | 1 | $95,000 | $95,000 |
During 2023, Ukiah's most frequently originated rate bucket was 6-7%, with 263 originations.
Loan Sizing (Ukiah, CA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 242 | $72,600,000 | $300,000 |
| $400k-600k | 159 | $76,365,000 | $480,283 |
| $100,000 or less | 119 | $6,565,000 | $55,168 |
| $100k-200k | 85 | $11,705,000 | $137,706 |
| $600k-1000k | 59 | $41,645,000 | $705,847 |
| $Over $1MM | 11 | $14,355,000 | $1,305,000 |
Ukiah's loan sizing saw the bucket of loans from $200k-400k with 242 originations, totaling $72,600,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 219 | $91,645,000 | $418,470 |
| 60-80% | 158 | $75,700,000 | $479,114 |
| Under 20% | 132 | $8,680,000 | $65,758 |
| 20-40% | 82 | $16,900,000 | $206,098 |
| 40-60% | 71 | $22,115,000 | $311,479 |
| Over 100% | 7 | $4,245,000 | $606,429 |
Ukiah's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 219 originations, totaling $91,645,000 in origination value.