Orange County Mortgages: Origination Fees & Loan Volume 2015-2017

In this article, we will specifically discuss the purchase and refinance of mortgage loans in Orange County.  You will discover how many purchase and refinance loans were originated from 2015 – 2017.  You will also learn what the average loan amounts were, what the whole loan volume was and how much in origination fees were paid by homeowners from 2015- 2017.


Where Can We Get The Information?


We took a close and exhaustive look at mortgage loan origination data derived from the CFPB website in relation to the Home Mortgage Disclosure Act (HMDA), which is a United States federal law that requires certain financial institutions to provide mortgage data to the general public.

The data we reviewed spans the years 2015 – 2017 and includes all residential purchase loans and refinances in Orange County.  The data we retrieved includes originated loans for one-to-four family dwellings, manufactured housing and multifamily dwellings.

The HMDA defines a multifamily property as a residential structure that houses five or more families.  A structure is classified as a one-to-four family property if it houses fewer than five families, it also includes individual condominiums or cooperative units.


Total Number of Purchase Loans in Orange County from 2015 – 2017


Real estate purchase loan activity has been relatively stable in Orange County, with a total of 85,000 purchase loans from 2015 – 2017 based on HMDA data.  More than 28,944 purchase loans were originated in 2017.  The chart below will visualize the data for purchase loans for this three-year time span.

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Average Purchase Loan Amount in Orange County from 2015-2017

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Orange County is among the more expensive counties in the state of California.  The typical purchase loan amount is relatively high compared to other nations in the US.  In 2017, the data indicates that the average purchase loan amount in Orange County was $588,669. The chart below outlines the normal purchase loan amounts for the three-year time span.


Entire Purchase Loan Volume in Orange County from 2015 – 2017


The whole mortgage purchase loan volume in Orange County in the years 2015 – 2017 was $48.1 Billion. The table and chart below will reveal the loan quantity for purchase loans in Orange County for the three-year time span.

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Total Number of Refinance Loans in Orange County from 2011 – 2014

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Orange County mortgage refinance action in 2017 was less than half what it had been in 2015.  Orange County saw a total of 151,677 mortgages refinanced from 2015 – 2017 according to HMDA data.  The graph below will visualize the information for refinance action during this three-year time span.


Average Refinance Loan Amount from Orange County from 2015-2017

California has a tremendous amount of activity with respect to mortgage refinances.  There’s absolutely no doubt that it is an extremely lucrative part of the mortgage lending business within the country, but as you can see from the chart below, the volume of loans refinanced has decreased substantially from previous years. According to the data, the average refinance loan amount Orange County was $468,202 in 2017. The graph below outlines visualizes the average mortgage refinance loan amounts during the three-year time span.

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Our research into the data reveals that refinance loan activity has been more than double that of buy loan activity in Orange County when considering the total for all four years.  The total mortgage refinance loan volume from years 2015 – 2017 was $70.5 billion.  The total purchase loan volume from the years 2015 – 2017 was $42.2 billion. The table and graph below will show the loan volume for purchase loans and refinance loans in Orange County during the three-year period.

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Origination Fees Paid For Mortgage Loans in Orange County from 2015- 2017

Based on our research, we’ve found that the vast majority of new and existing homeowners use the services of conventional mortgage lenders and mortgage brokers to help them attain a new purchase loan or refinance their current home loan.  The vast majority of mortgage clients pay within a selection of 0.50 – 2.5 percent of the loan amount as the origination fee, based on each borrowers unique credit qualifications.

For our intents and purposes, we’ll use the middle of the range to approximate that mortgage loan borrowers in Orange County paid 1.50 percent of their loan amount in origination fees.  With this figure, from the years 2015 – 2017, buy loan borrowers paid a total of $1.77 billion in origination fees.


What Other Fees Arrive with a Home Mortgage?

It is important to keep in mind that the fees we’ve discussed here are simply for the fees a borrower pays to lender or broker to originate the loan for them.  This lender/broker fee generally includes an administrative fee, an application fee, an underwriting fee, document preparation fees and other smaller fees which amount to approximately 1.50 percent of the loan amount, according to our estimations.

Every mortgage loan process also has other fees in addition to origination fees which fall under the closing cost category, such as escrow services, title insurance, mortgage insurance, notary fee, appraisal fee, document recording fees and other smaller penalties also.  Depending on the size of your loan, the type of property and the specific state and county you are in, these charges can amount to another 1 – 2 percent of the loan amount as well as the origination fee.  You can use this closing cost calculator to get a better idea of what you can expect to pay when looking for a purchase mortgage or a refinance.

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