Santa Barbara Teachers Federal Credit Union Mortgage Rates, Fees & Info
Santa Barbara, CALEI: 2549009PZCHF8GGHET49
Tax ID: 95-1677895
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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 Oxnard .Santa Barbara Teachers Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
43Origination Dollar Volume (All Markets)
$10,615,000Top 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) | 42 | $10,370,000 | $246,905 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 43 | $10,615,000 | $246,860 | $0 | 0.00% |
For 2021, Santa Barbara Teachers Federal Credit Union's most frequently originated type of loan was Conventional, with 43 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 43 | $10,615,000 | $246,860 | $0 | 0.00% |
For 2021, Santa Barbara Teachers Federal Credit Union's most frequently cited loan purpose was Refi, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 43 | $10,615,000 | $246,860 | $0 | 0.00% |
For 2021, Santa Barbara Teachers Federal Credit Union's most frequently cited loan duration was Other, with 43 originations.
Loan Sizing
2021 saw Santa Barbara Teachers Federal Credit Union place emphasis on $200k-400k loans with 21 originations, totaling $6,395,000 in origination value.
Applicant Income
Santa Barbara Teachers Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
Santa Barbara Teachers Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 13 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 42 | $10,460,000 | $249,048 | $0 | 0.00% |
| American Indian | 1 | $155,000 | $155,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.38%
Santa Barbara Teachers Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination90.70%
Santa Barbara Teachers Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 43 | $10,615,000 | $246,860 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SUMMIT FUNDING, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |
| SUMMIT FUNDING, INC. | Conventional home mortgage | Struggling to pay mortgage | 2 | 25.0% |
| SUMMIT FUNDING, INC. | Conventional home mortgage | Trouble during payment process | 4 | 50.0% |
| SUMMIT FUNDING, INC. | VA mortgage | Struggling to pay mortgage | 1 | 12.5% |