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

Santa Barbara, CA

LEI: 2549009PZCHF8GGHET49

Tax ID: 95-1677895

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
  • Complaints
  • 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

    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 average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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    Originations

    29

    Origination Dollar Volume (All Markets)

    $7,475,000

    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) 28 $7,220,000 $257,857 $0 0.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $255,000 $255,000 $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 29 $7,475,000 $257,759 $0 0.00%

    For 2019, Santa Barbara Teachers Federal Credit Union's most frequently originated type of loan was Conventional, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 29 $7,475,000 $257,759 $0 0.00%

    For 2019, Santa Barbara Teachers Federal Credit Union's most frequently cited loan purpose was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 29 $7,475,000 $257,759 $0 0.00%

    For 2019, Santa Barbara Teachers Federal Credit Union's most frequently cited loan duration was Other, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 17 $5,435,000 $319,706 $0 0.00%
    $100,000 or less 7 $505,000 $72,143 $0 0.00%
    $400k-600k 3 $1,245,000 $415,000 $0 0.00%
    $100k-200k 2 $290,000 $145,000 $0 0.00%

    2019 saw Santa Barbara Teachers Federal Credit Union place emphasis on $200k-400k loans with 17 originations, totaling $5,435,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 9 $2,075,000 $230,556 $0 0.00%
    $100k-150k 7 $1,975,000 $282,143 $0 0.00%
    $75k-100k 7 $1,845,000 $263,571 $0 0.00%
    $150k-250k 3 $1,015,000 $338,333 $0 0.00%
    $50k or less 2 $170,000 $85,000 $0 0.00%
    $250k+ 1 $395,000 $395,000 $0 0.00%

    Santa Barbara Teachers Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $100k-150k, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 29 $7,475,000 $257,759 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.19%

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

    Pick Rate

    Approvals leading to origination
    89.66%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 29 $7,475,000 $257,759

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 29 $7,475,000 $257,759

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    SUMMIT FUNDING, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    SUMMIT FUNDING, INC. FHA mortgage Closing on a mortgage 1 20.0%
    SUMMIT FUNDING, INC. FHA mortgage Struggling to pay mortgage 1 20.0%
    SUMMIT FUNDING, INC. FHA mortgage Trouble during payment process 1 20.0%
    SUMMIT FUNDING, INC. Other type of mortgage Closing on a mortgage 1 20.0%