Sno Falls Credit Union Mortgage Rates, Fees & Info
Snoqualmie, WALEI: 2549009KHZGFDOS7GG28
Tax ID: 91-0693631
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 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.
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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 |