Santa Barbara Teachers Federal Credit Union Mortgage Rates, Fees & Info
Santa Barbara, CALEI: 2549009PZCHF8GGHET49
Tax ID: 95-1677895
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Mortgage Data
Review & Overview
Santa Barbara Teachers Federal Credit Union is a smaller credit union specializing in Refi loans. Santa Barbara Teachers Federal Credit Union has a high proportion of conventional loans. Their top two markets are Santa Maria and San Luis Obispo .Santa Barbara Teachers Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
24Origination Dollar Volume (All Markets)
$120,000Top 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 |
|---|---|---|---|---|---|
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 22 | $110,000 | $5,000 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $10,000 | $5,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $120,000 | $5,000 | $0 | 0.00% |
For 2018, Santa Barbara Teachers Federal 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 |
|---|---|---|---|---|---|
| Refi | 24 | $120,000 | $5,000 | $0 | 0.00% |
For 2018, Santa Barbara Teachers Federal Credit Union's most frequently cited loan purpose was Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 24 | $120,000 | $5,000 | $0 | 0.00% |
For 2018, Santa Barbara Teachers Federal Credit Union's most frequently cited loan duration was Other, with 24 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 24 | $120,000 | $5,000 | $0 | 0.00% |
2018 saw Santa Barbara Teachers Federal Credit Union place emphasis on $100,000 or less loans with 24 originations, totaling $120,000 in origination value.
Applicant Income
Santa Barbara Teachers Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $50k-75k, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 24 | $120,000 | $5,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.86%
Santa Barbara Teachers Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 24 | $120,000 | $5,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 24 | $120,000 | $5,000 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SUMMIT FUNDING, INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 10.0% |
| SUMMIT FUNDING, INC. | Conventional home mortgage | Trouble during payment process | 3 | 30.0% |
| SUMMIT FUNDING, INC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 10.0% |
| SUMMIT FUNDING, INC. | FHA mortgage | Struggling to pay mortgage | 1 | 10.0% |
| SUMMIT FUNDING, INC. | FHA mortgage | Trouble during payment process | 3 | 30.0% |
| SUMMIT FUNDING, INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 10.0% |