Yolo Federal Credit Union Mortgage Rates, Fees & Info
Woodland, CALEI: 254900EHOJ91PS23E696
Tax ID: 94-1432367
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Mortgage Data
Review & Overview
Yolo Federal Credit Union is a smaller credit union specializing in Other loans. Yolo Federal Credit Union has a high proportion of conventional loans. Their top two markets are Sacramento and Vallejo .Yolo Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/22/24 |
| 30 Year Conventional Refi | 6.27% | 11/22/24 |
| 30 Year Cash-out Refi | 6.27% | 11/22/24 |
| 15 Year Conventional Refi | 5.68% | 11/22/24 |
| 15 Year Cash-out Refi | 5.68% | 11/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Yolo Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
49Origination Dollar Volume (All Markets)
$9,315,000Relative Rate
Yolo Federal Credit Union's average 30 year fixed mortgage rate was
6.13%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.36%.
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 |
|---|---|---|---|---|---|
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 47 | $9,075,000 | $193,085 | $0 | 6.03% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 6.94% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $9,315,000 | $190,102 | $0 | 6.06% |
For 2023, Yolo Federal Credit Union's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2023, Yolo Federal Credit Union's most frequently cited loan purpose was Other, with 34 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
For 2023, Yolo Federal Credit Union's most frequently cited loan duration was 20 Year, with 24 originations. The 2nd most popular length was 10 Year, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 3 | $335,000 | $111,667 |
| $1k-2k | 3 | $815,000 | $271,667 |
| $5k+ | 2 | $2,990,000 | $1,495,000 |
Yolo Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 39 | $6,925,000 | $177,564 |
| 6-7% | 5 | $1,605,000 | $321,000 |
| 7-8% | 4 | $580,000 | $145,000 |
| Over 8% | 1 | $205,000 | $205,000 |
During 2023, Yolo Federal Credit Union's average interest rate for loans was 6.13%, while their most frequently originated rate bucket for loans was 5-6%, with 39 originations.
Loan Sizing
2023 saw Yolo Federal Credit Union place emphasis on $100,000 or less loans with 25 originations, totaling $1,495,000 in origination value.
Applicant Income
Yolo Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 16 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
Yolo Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? 30-36%, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications55.34%
Yolo Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination83.67%
Yolo Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1090.58 | 1 | $205,000 | $205,000 |
| 1142.96 | 1 | $95,000 | $95,000 |
| 1478.07 | 1 | $505,000 | $505,000 |
| 175.86 | 1 | $35,000 | $35,000 |
| 1819.18 | 1 | $165,000 | $165,000 |
| 190.42 | 1 | $35,000 | $35,000 |
| 197.6 | 1 | $55,000 | $55,000 |
| 200.97 | 1 | $35,000 | $35,000 |
| 202.33 | 1 | $55,000 | $55,000 |
| 2078.67 | 1 | $375,000 | $375,000 |
| 221.77 | 1 | $35,000 | $35,000 |
| 23578.47 | 1 | $985,000 | $985,000 |
| 240.79 | 1 | $65,000 | $65,000 |
| 245.11 | 1 | $35,000 | $35,000 |
| 2464.28 | 1 | $275,000 | $275,000 |
| 260.81 | 1 | $85,000 | $85,000 |
| 27524.92 | 1 | $2,005,000 | $2,005,000 |
| 2939.81 | 1 | $335,000 | $335,000 |
| 295.97 | 1 | $55,000 | $55,000 |
| 297.51 | 1 | $205,000 | $205,000 |
| 297.57 | 1 | $35,000 | $35,000 |
| 305.15 | 1 | $45,000 | $45,000 |
| 324.34 | 1 | $105,000 | $105,000 |
| 336.29 | 1 | $115,000 | $115,000 |
| 341.59 | 1 | $45,000 | $45,000 |
| 345.82 | 1 | $105,000 | $105,000 |
| 353.26 | 1 | $55,000 | $55,000 |
| 356.04 | 1 | $125,000 | $125,000 |
| 375.52 | 1 | $75,000 | $75,000 |
| 378.05 | 1 | $435,000 | $435,000 |
| 385.12 | 1 | $65,000 | $65,000 |
| 385.97 | 1 | $75,000 | $75,000 |
| 389.58 | 1 | $65,000 | $65,000 |
| 393.14 | 1 | $105,000 | $105,000 |
| 411.48 | 1 | $165,000 | $165,000 |
| 412.33 | 1 | $75,000 | $75,000 |
| 414.58 | 1 | $75,000 | $75,000 |
| 427.38 | 1 | $255,000 | $255,000 |
| 442.23 | 1 | $155,000 | $155,000 |
| 474.75 | 1 | $315,000 | $315,000 |
| 475.45 | 1 | $45,000 | $45,000 |
| 494.44 | 1 | $75,000 | $75,000 |
| 555.46 | 1 | $95,000 | $95,000 |
| 589.55 | 1 | $155,000 | $155,000 |
| 600.7 | 1 | $245,000 | $245,000 |
| 624.08 | 1 | $165,000 | $165,000 |
| 632.64 | 1 | $155,000 | $155,000 |
| 662.66 | 1 | $85,000 | $85,000 |
| 813.96 | 1 | $165,000 | $165,000 |