Sno Falls Credit Union Mortgage Rates, Fees & Info

Snoqualmie, WA

LEI: 2549009KHZGFDOS7GG28

Tax ID: 91-0693631

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
  • Similar Lenders
  • 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

    Sno Falls Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Sno Falls Credit Union has a high proportion of conventional loans. Their top (well, only) market is Seattle.

    Sno Falls Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sno Falls Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    24

    Origination Dollar Volume (All Markets)

    $7,870,000

    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
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 24 $7,870,000 $327,917 $6,122 4.79%
    Sno Falls Credit Union's top markets include and Seattle among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Sno Falls Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Sno Falls Credit Union
    Similarity Rank: 309
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    SALAL
    Similarity Rank: 1515
    NorthWest Plus Credit Union
    Similarity Rank: 1736
    MORTGAGE LENDING GROUP LLC
    Similarity Rank: 1870
    SOUND
    Similarity Rank: 1892
    U S WIDE FINANCIAL LLC
    Similarity Rank: 2132
    Silicon Valley Bank
    Similarity Rank: 2379
    Shea Mortgage Inc.
    Similarity Rank: 2616
    Peoples Bank
    Similarity Rank: 2848

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 24 $7,870,000 $327,917 $6,122 4.79%

    For 2018, Sno Falls Credit Union's most frequently originated type of loan was Conventional, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 15 $4,735,000 $315,667 $5,756 4.83%
    Home Purchase 7 $2,675,000 $382,143 $7,276 4.93%
    Refi 2 $460,000 $230,000 $4,831 3.94%

    For 2018, Sno Falls Credit Union's most frequently cited loan purpose was Cash Out Refi, with 15 originations. The 2nd most popular reason was Home Purchase, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 20 $6,710,000 $335,500 $6,225 4.91%
    15 Year 2 $560,000 $280,000 $5,260 3.81%
    20 Year 2 $600,000 $300,000 $5,955 4.56%

    For 2018, Sno Falls Credit Union's most frequently cited loan duration was 30 Year, with 20 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 10 $2,510,000 $251,000
    $4k-5k 8 $2,830,000 $353,750
    $2k-3k 3 $575,000 $191,667
    $5k+ 3 $1,955,000 $651,667

    Sno Falls Credit Union's average total fees were $6,225, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 10 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 18 $5,170,000 $287,222
    5-6% 5 $2,405,000 $481,000
    3-4% 1 $295,000 $295,000

    During 2018, Sno Falls Credit Union's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 4-5%, with 18 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 19 $5,345,000 $281,316 $5,544 4.72%
    $400k-600k 3 $1,335,000 $445,000 $7,584 5.00%
    $100k-200k 1 $165,000 $165,000 $4,209 4.50%
    $1MM+ 1 $1,025,000 $1,025,000 $14,632 5.63%

    2018 saw Sno Falls Credit Union place emphasis on $200k-400k loans with 19 originations, totaling $5,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $2,235,000 $319,286 $5,741 4.52%
    $50k-75k 5 $1,175,000 $235,000 $5,191 4.75%
    $75k-100k 5 $1,625,000 $325,000 $6,127 4.63%
    $150k-250k 3 $1,725,000 $575,000 $8,938 5.25%
    $250k+ 2 $730,000 $365,000 $7,222 5.19%
    $50k or less 2 $380,000 $190,000 $4,451 5.13%

    Sno Falls Credit Union lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $50k-75k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 5 $2,145,000 $429,000 $7,171 4.98%
    20-30% 5 $1,605,000 $321,000 $6,153 4.78%
    40% 3 $975,000 $325,000 $5,887 5.25%
    >60% 2 $490,000 $245,000 $4,967 4.63%
    38% 2 $460,000 $230,000 $5,182 4.88%
    42% 2 $530,000 $265,000 $5,585 3.94%
    44% 1 $205,000 $205,000 $5,320 4.63%
    47% 1 $455,000 $455,000 $7,255 4.75%
    48% 1 $315,000 $315,000 $5,540 5.00%
    50-60% 1 $395,000 $395,000 $6,736 4.63%
    37% 1 $295,000 $295,000 $6,332 4.50%

    Sno Falls Credit Union lent most frequently to those with DTI ratios of 30-36%, with 5 originations. The next most common DTI ratio? 20-30%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 22 $7,210,000 $327,727 $6,114 4.78%
    Not provided 2 $660,000 $330,000 $6,211 4.81%

    Approval Rates

    Total approvals of all applications
    87.18%

    Sno Falls Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.83%

    Sno Falls Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 24 $7,870,000 $327,917

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $420,000 $210,000
    Single Family (1-4 Units):Site-Built 22 $7,450,000 $338,636

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $380,000 $190,000 $4,368 4.31%
    40-60% 1 $295,000 $295,000 $5,335 4.38%
    60-80% 19 $6,625,000 $348,684 $6,388 4.82%
    80-100% 2 $570,000 $285,000 $5,740 5.19%