Mission City Federal Credit Union Mortgage Rates, Fees & Info

Santa Clara, CA

LEI: 2549006VWQC6XCFQO747

Tax ID: 94-1512765

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Mission City Federal Credit Union is a smaller credit union specializing in Other loans. Mission City Federal Credit Union has a high proportion of conventional loans.

    Mission City Federal Credit Union has an above average approval rate when compared to the average across all lenders.

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    Originations

    11

    Origination Dollar Volume (All Markets)

    $1,465,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 11 $1,465,000 $133,182 $0 5.09%
    Mission City Federal Credit Union's top markets include

    Their top states include:
  • California (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 11 $1,465,000 $133,182 $0 5.09%

    For 2019, Mission City Federal Credit Union's most frequently originated type of loan was Conventional, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 10 $1,440,000 $144,000 $0 5.13%
    Home Improvement 1 $25,000 $25,000 $0 4.74%

    For 2019, Mission City Federal Credit Union's most frequently cited loan purpose was Other, with 10 originations. The 2nd most popular reason was Home Improvement, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 6 $1,030,000 $171,667 $0 5.49%
    10 Year 3 $235,000 $78,333 $0 4.70%
    20 Year 1 $175,000 $175,000 $0 4.00%
    5 Year 1 $25,000 $25,000 $0 4.99%

    For 2019, Mission City Federal Credit Union's most frequently cited loan duration was 15 Year, with 6 originations. The 2nd most popular length was 10 Year, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 5 $375,000 $75,000
    5-6% 4 $770,000 $192,500
    3-4% 1 $175,000 $175,000
    6-7% 1 $145,000 $145,000

    During 2019, Mission City Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 5 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 6 $910,000 $151,667 $0 5.14%
    $100,000 or less 3 $95,000 $31,667 $0 4.91%
    $200k-400k 2 $460,000 $230,000 $0 5.24%

    2019 saw Mission City Federal Credit Union place emphasis on $100k-200k loans with 6 originations, totaling $910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 3 $355,000 $118,333 $0 5.41%
    $50k-75k 3 $485,000 $161,667 $0 4.87%
    $75k-100k 3 $395,000 $131,667 $0 4.99%
    $150k-250k 1 $205,000 $205,000 $0 5.24%
    $50k or less 1 $25,000 $25,000 $0 4.99%

    Mission City Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 3 originations. The second most popular income band? $50k-75k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 4 $730,000 $182,500 $0 5.18%
    30-36% 3 $235,000 $78,333 $0 4.70%
    43% 2 $330,000 $165,000 $0 5.00%
    <20% 1 $25,000 $25,000 $0 4.99%
    20-30% 1 $145,000 $145,000 $0 6.24%

    Mission City Federal Credit Union lent most frequently to those with DTI ratios of 50-60%, with 4 originations. The next most common DTI ratio? 30-36%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11 $1,465,000 $133,182 $0 5.09%

    Approval Rates

    Total approvals of all applications
    100.00%

    Mission City Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 11 $1,465,000 $133,182

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 11 $1,465,000 $133,182

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    Under 20% 11 $1,465,000 $133,182 $0 5.09%