Which mortgage lender in the Eureka, CA area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Eureka, CA area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Eureka, CA area in terms of interest rate is Finance of America Mortgage, with an average “Rate Difference” of -0.08%. This means that, comparing similar borrowers, Finance of America Mortgage provided a -0.08% lower interest rate for its customers than other lenders in the area. Finance of America Mortgage has a market share of 9.1%. On the other hand, the most popular lender in the Eureka, CA area is Caliber Home Loans, with a larger market share of 23.9%. Caliber Home Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.01% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Eureka, CA area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Eureka, CA is loanDepot. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Finance of America Mortgage. The cheapest VA mortgage provider is also Finance of America Mortgage. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Eureka, CA
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Finance of America Mortgage | -0.08% | 9.07% | |
| Florida Capital Bank | -0.06% | 8.88% | |
| Wells Fargo Bank | -0.06% | 6.82% | |
| loanDepot | -0.04% | 3.74% | |
| US Bank | -0.02% | 4.11% | |
| Caliber Home Loans | -0.01% | 23.93% | |
| Fairway Independent Mortgage Corporation | -0.00% | 5.05% | |
| American Pacific Mortgage | 0.03% | 3.64% | |
| Quicken Loans | 0.04% | 13.93% | |
| Umpqua Bank | 0.05% | 12.43% | |
| Summit Funding Inc | 0.08% | 8.41% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Finance of America Mortgage | -0.08% | 12.31% | |
| Wells Fargo Bank | -0.07% | 6.61% | |
| Florida Capital Bank | -0.05% | 10.51% | |
| US Bank | -0.04% | 3.60% | |
| Caliber Home Loans | -0.00% | 26.43% | |
| Fairway Independent Mortgage Corporation | 0.01% | 7.06% | |
| Quicken Loans | 0.02% | 3.75% | |
| loanDepot | 0.03% | 0.60% | |
| Umpqua Bank | 0.04% | 13.66% | |
| American Pacific Mortgage | 0.05% | 4.35% | |
| Summit Funding Inc | 0.11% | 11.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Florida Capital Bank | -0.08% | 6.19% | |
| loanDepot | -0.06% | 8.91% | |
| Finance of America Mortgage | -0.06% | 3.71% | |
| Wells Fargo Bank | -0.05% | 7.18% | |
| Fairway Independent Mortgage Corporation | -0.03% | 1.73% | |
| American Pacific Mortgage | -0.02% | 2.48% | |
| Summit Funding Inc | -0.01% | 3.96% | |
| Caliber Home Loans | -0.00% | 19.80% | |
| US Bank | -0.00% | 4.95% | |
| Quicken Loans | 0.04% | 30.69% | |
| Umpqua Bank | 0.07% | 10.40% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| loanDepot | -0.09% | 2.65% | |
| Florida Capital Bank | -0.07% | 9.44% | |
| Wells Fargo Bank | -0.07% | 7.71% | |
| Finance of America Mortgage | -0.06% | 6.90% | |
| US Bank | -0.03% | 4.60% | |
| Fairway Independent Mortgage Corporation | -0.01% | 4.83% | |
| Caliber Home Loans | -0.01% | 24.28% | |
| American Pacific Mortgage | 0.03% | 3.57% | |
| Quicken Loans | 0.05% | 15.07% | |
| Umpqua Bank | 0.05% | 13.92% | |
| Summit Funding Inc | 0.11% | 7.02% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.08% | 7.54% | |
| Florida Capital Bank | -0.06% | 11.22% | |
| Finance of America Mortgage | -0.05% | 9.28% | |
| US Bank | -0.05% | 4.06% | |
| Caliber Home Loans | -0.02% | 26.50% | |
| Fairway Independent Mortgage Corporation | -0.00% | 7.35% | |
| Quicken Loans | 0.01% | 4.26% | |
| loanDepot | 0.04% | 0.58% | |
| Umpqua Bank | 0.04% | 15.86% | |
| American Pacific Mortgage | 0.06% | 4.26% | |
| Summit Funding Inc | 0.15% | 9.09% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| loanDepot | -0.12% | 5.68% | |
| Florida Capital Bank | -0.09% | 6.82% | |
| Finance of America Mortgage | -0.07% | 3.41% | |
| Wells Fargo Bank | -0.05% | 7.95% | |
| Fairway Independent Mortgage Corporation | -0.04% | 1.14% | |
| American Pacific Mortgage | -0.02% | 2.56% | |
| Summit Funding Inc | -0.01% | 3.98% | |
| US Bank | -0.00% | 5.40% | |
| Caliber Home Loans | 0.00% | 21.02% | |
| Quicken Loans | 0.04% | 30.97% | |
| Umpqua Bank | 0.07% | 11.08% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Finance of America Mortgage | -0.14% | 18.92% | |
| Florida Capital Bank | -0.01% | 6.31% | |
| Umpqua Bank | 0.03% | 4.50% | |
| Summit Funding Inc | 0.03% | 23.42% | |
| Fairway Independent Mortgage Corporation | 0.03% | 6.31% | |
| Quicken Loans | 0.03% | 9.91% | |
| Caliber Home Loans | 0.04% | 22.52% | |
| American Pacific Mortgage | 0.05% | 3.60% | |
| loanDepot | 0.06% | 4.50% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Finance of America Mortgage | -0.13% | 22.83% | |
| Florida Capital Bank | -0.01% | 7.61% | |
| loanDepot | 0.01% | 1.09% | |
| Umpqua Bank | 0.04% | 4.35% | |
| Summit Funding Inc | 0.04% | 26.09% | |
| Fairway Independent Mortgage Corporation | 0.04% | 5.43% | |
| Caliber Home Loans | 0.05% | 25.00% | |
| Quicken Loans | 0.05% | 3.26% | |
| American Pacific Mortgage | 0.06% | 4.35% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Summit Funding Inc | -0.03% | 10.53% | |
| Caliber Home Loans | -0.02% | 10.53% | |
| Umpqua Bank | -0.01% | 5.26% | |
| Quicken Loans | -0.01% | 42.11% | |
| Fairway Independent Mortgage Corporation | -0.00% | 10.53% | |
| loanDepot | 0.04% | 21.05% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 22.22% | |
| US Bank | -0.01% | 22.22% | |
| Caliber Home Loans | 0.00% | 11.11% | |
| Finance of America Mortgage | 0.01% | 11.11% | |
| Florida Capital Bank | 0.01% | 11.11% | |
| loanDepot | 0.01% | 11.11% | |
| Umpqua Bank | 0.01% | 11.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.01% | 16.67% | |
| Wells Fargo Bank | -0.01% | 16.67% | |
| Caliber Home Loans | 0.00% | 16.67% | |
| Finance of America Mortgage | 0.00% | 16.67% | |
| Florida Capital Bank | 0.00% | 16.67% | |
| Umpqua Bank | 0.01% | 16.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.02% | 33.33% | |
| US Bank | -0.00% | 33.33% | |
| loanDepot | 0.02% | 33.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Finance of America Mortgage | -0.06% | 18.52% | |
| Wells Fargo Bank | -0.01% | 4.94% | |
| Florida Capital Bank | -0.01% | 6.17% | |
| US Bank | 0.01% | 2.47% | |
| Umpqua Bank | 0.01% | 7.41% | |
| American Pacific Mortgage | 0.01% | 4.94% | |
| Caliber Home Loans | 0.01% | 23.46% | |
| Fairway Independent Mortgage Corporation | 0.02% | 6.17% | |
| Quicken Loans | 0.02% | 8.64% | |
| loanDepot | 0.02% | 13.58% | |
| Summit Funding Inc | 0.04% | 3.70% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Finance of America Mortgage | -0.07% | 23.53% | |
| Florida Capital Bank | -0.01% | 7.84% | |
| Wells Fargo Bank | -0.01% | 7.84% | |
| US Bank | 0.01% | 3.92% | |
| American Pacific Mortgage | 0.02% | 5.88% | |
| Umpqua Bank | 0.02% | 7.84% | |
| Fairway Independent Mortgage Corporation | 0.03% | 7.84% | |
| Caliber Home Loans | 0.03% | 29.41% | |
| Summit Funding Inc | 0.04% | 5.88% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Caliber Home Loans | -0.05% | 13.33% | |
| Umpqua Bank | -0.02% | 6.67% | |
| Finance of America Mortgage | -0.02% | 10.00% | |
| Fairway Independent Mortgage Corporation | -0.01% | 3.33% | |
| Florida Capital Bank | -0.01% | 3.33% | |
| American Pacific Mortgage | -0.01% | 3.33% | |
| Quicken Loans | 0.02% | 23.33% | |
| loanDepot | 0.02% | 36.67% |
* Data is compiled for the Eureka, CA commuting zone area, which comprises of counties of Humboldt County, CA, and Trinity County, CA. This includes cities/towns/communities of Eureka, CA as well as McKinleyville, CA, Fortuna, CA, Arcata, CA, Humboldt Hill, CA, Myrtletown, CA, Trinity Center, CA, Loleta, CA, Douglas City, CA, Redcrest, CA, Pine Hills, CA, Indianola, CA, Hyampom, CA, Big Lagoon, CA, Shelter Cove, CA, Fieldbrook, CA, Willow Creek, CA, Ferndale, CA, Junction City, CA, Garberville, CA, Manila, CA, and Mad River, CA. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
Mortgage Lender Rankings in Other Cities
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