Mortgage lending in San Mateo County
9,709 mortgages were originated in San Mateo County, California, in 2025.
30-year fixed, this week
6.71%
Freddie Mac's survey average for the week of September 3, 2026 — a year earlier it was 6.56%, and the past year ranged 5.98–6.71%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 9,709
- Median rate
- 6.375%
- Median lender fees
- $6,643
The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.
- Median loan amount
- $855,000
- Above the going rate (spread over APOR)
- 0.009
- Paid discount points
- 16.2%
- Received lender credits
- 40.4%
- Purchases / refinances
- 43.6% / 40.7%
- Conventional / FHA / VA
- 97.5% / 1.9% / 0.6%
Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 67.9% of loans here — see methodology.
Loan limits here in 2026
- Conforming limit
- $1,249,125
- FHA limit
- $1,249,125
- Median home price
- $1,750,000
- That home, 20% down
- $1,400,000
A median-priced home here needs more than the conforming limit even with 20% down — $150,875 more. Typical purchases here run into the ceiling.
This is a high-cost area: loans above $832,750 are still agency-backed here, as high-balance, where a plain conforming loan would stop. How limits work
Median price is HUD's figure for the 2026 limit calculation, not a live market quote.
Who lent here
Lenders with at least 50 loans in San Mateo County, ranked by volume.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| Bank of America, National Association | 806 | $7,124 | 5.875% |
| Wells Fargo Bank, National Association | 748 | $8,612 | 5.625% |
| JPMorgan Chase Bank, National Association | 583 | $5,506 | 6.000% |
| Rocket Mortgage, LLC | 574 | $5,148 | 6.625% |
| United Shore Financial Services, LLC | 515 | $8,127 | 6.500% |
| U.S. Bank National Association | 491 | $4,958 | 6.125% |
| Citibank, National Association | 317 | $4,197 | 5.500% |
| San Mateo Credit Union | 211 | — | 7.750% |
| STANFORD Federal Credit Union | 208 | $5,760 | 7.250% |
| PNC Bank, National Association | 188 | $7,269 | 6.250% |
What lenders charged here
Lender fees on a $855,000 loan, based on what was actually charged in San Mateo County — not a rule of thumb.
From 6,592 loans where fees were reported. This is what the lender charges — sections A and B of a Loan Estimate. Title, appraisal, taxes and the escrow deposit your lender collects up front for future tax and insurance bills are extra and not in these figures. Compare two offers