Sno Falls Credit Union Mortgage Rates, Fees & Info
Snoqualmie, WALEI: 2549009KHZGFDOS7GG28
Tax ID: 91-0693631
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Mortgage Data
Review & Overview
Sno Falls Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Sno Falls Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Bellingham, Ellensburg, Moses Lake, and Spokane among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Sno Falls Credit Union has an above 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 a low 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.
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Originations
24Origination Dollar Volume (All Markets)
$7,890,000Top 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) | 19 | $6,495,000 | $341,842 | $5,120 | 3.86% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $5,525 | 4.13% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $16,828 | 3.75% |
| Moses Lake, WA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,644 | 3.69% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,343 | 4.00% |
Their top states include:
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 23 | $7,505,000 | $326,304 | $5,019 | 3.86% |
| VA | 1 | $385,000 | $385,000 | $16,828 | 3.75% |
For 2019, Sno Falls Credit Union's most frequently originated type of loan was Conventional, with 23 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2019, Sno Falls Credit Union's most frequently cited loan purpose was Cash Out Refi, with 11 originations. The 2nd most popular reason was Home Purchase, with 6 originations.
Loan Duration/Length
For 2019, Sno Falls Credit Union's most frequently cited loan duration was 30 Year, with 15 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $3k-4k | 20 | $6,980,000 | $349,000 |
| $1k-2k | 2 | $480,000 | $240,000 |
| $2k-3k | 2 | $430,000 | $215,000 |
Sno Falls Credit Union's average total fees were $5,963, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 20 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 18 | $5,610,000 | $311,667 |
| 4-5% | 6 | $2,280,000 | $380,000 |
During 2019, Sno Falls Credit Union's average interest rate for loans was 3.99%, while their most frequently originated rate bucket for loans was 3-4%, with 18 originations.
Loan Sizing
2019 saw Sno Falls Credit Union place emphasis on $200k-400k loans with 17 originations, totaling $4,845,000 in origination value.
Applicant Income
Sno Falls Credit Union lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
Sno Falls Credit Union lent most frequently to those with DTI ratios of 30-36%, with 8 originations. The next most common DTI ratio? 20-30%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.63%
Sno Falls Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination79.17%
Sno Falls Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 24 | $7,890,000 | $328,750 |