Santa Barbara Teachers Federal Credit Union Mortgage Rates, Fees & Info

Santa Barbara, CA

LEI: 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

24

Origination Dollar Volume (All Markets)

$120,000

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
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%
Santa Barbara Teachers Federal Credit Union's top markets include Santa Maria and San Luis Obispo among others.

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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $30,000 $5,000 $0 0.00%
    $50k-75k 6 $30,000 $5,000 $0 0.00%
    $75k-100k 5 $25,000 $5,000 $0 0.00%
    $50k or less 4 $20,000 $5,000 $0 0.00%
    $150k-250k 3 $15,000 $5,000 $0 0.00%

    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 applications
    92.86%

    Santa Barbara Teachers Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points 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%