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
  • 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 markets by origination volume include: Santa Maria, San Luis Obispo, and Oxnard among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Santa Barbara Teachers Federal 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.

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    Originations

    31

    Origination Dollar Volume (All Markets)

    $6,115,000

    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) 25 $5,125,000 $205,000 $0 0.00%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 4 $570,000 $142,500 $0 0.00%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
    Santa Barbara Teachers Federal Credit Union's top markets include Santa Maria, San Luis Obispo, and Oxnard among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 31 $6,115,000 $197,258 $0 0.00%

    For 2022, Santa Barbara Teachers Federal Credit Union's most frequently originated type of loan was Conventional, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 31 $6,115,000 $197,258 $0 0.00%

    For 2022, Santa Barbara Teachers Federal Credit Union's most frequently cited loan purpose was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 31 $6,115,000 $197,258 $0 0.00%

    For 2022, Santa Barbara Teachers Federal Credit Union's most frequently cited loan duration was Other, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 13 $785,000 $60,385 $0 0.00%
    $200k-400k 9 $2,855,000 $317,222 $0 0.00%
    $100k-200k 5 $575,000 $115,000 $0 0.00%
    $400k-600k 3 $1,295,000 $431,667 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2022 saw Santa Barbara Teachers Federal Credit Union place emphasis on $100,000 or less loans with 13 originations, totaling $785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 10 $2,000,000 $200,000 $0 0.00%
    $100k-150k 8 $1,740,000 $217,500 $0 0.00%
    $150k-250k 6 $680,000 $113,333 $0 0.00%
    $250k+ 4 $1,240,000 $310,000 $0 0.00%
    $50k-75k 3 $455,000 $151,667 $0 0.00%

    Santa Barbara Teachers Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 10 originations. The second most popular income band? $100k-150k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 6 $680,000 $113,333 $0 0.00%
    30-36% 5 $1,575,000 $315,000 $0 0.00%
    <20% 4 $880,000 $220,000 $0 0.00%
    50-60% 4 $250,000 $62,500 $0 0.00%
    45% 3 $895,000 $298,333 $0 0.00%
    39% 3 $795,000 $265,000 $0 0.00%
    48% 2 $190,000 $95,000 $0 0.00%
    36% 1 $75,000 $75,000 $0 0.00%
    43% 1 $305,000 $305,000 $0 0.00%
    42% 1 $415,000 $415,000 $0 0.00%
    38% 1 $55,000 $55,000 $0 0.00%

    Santa Barbara Teachers Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 30-36%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 31 $6,115,000 $197,258 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.74%

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

    Pick Rate

    Approvals leading to origination
    87.10%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 31 $6,115,000 $197,258

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    31 $6,115,000 $197,258