Valley First Credit Union Mortgage Rates, Fees & Info
Modesto, CALEI: 254900NGUH2O9FB6AZ22
Tax ID: 94-1439553
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Mortgage Data
Review & Overview
Valley First Credit Union is a smaller credit union specializing in Home Purchase loans. Valley First Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Modesto, Stockton, Sacramento, Fresno, and Bakersfield among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Valley First 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. Valley First Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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Originations
58Origination Dollar Volume (All Markets)
$21,100,000Awards
Valley First Credit Union - 2023
Valley First Credit Union is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Top Markets
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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 |
|---|---|---|---|---|---|
| MODESTO, CA (FHA|USDA|VA) | 29 | $9,295,000 | $320,517 | $5,894 | 6.22% |
| STOCKTON, CA (FHA|USDA|VA) | 12 | $5,220,000 | $435,000 | $5,170 | 6.42% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,820,000 | $455,000 | $4,990 | 5.94% |
| Outside of Metro Areas | 4 | $1,780,000 | $445,000 | $4,815 | 6.25% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $4,160 | 5.97% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $5,187 | 5.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,337 | 5.95% |
| MERCED, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,290 | 5.75% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,024 | 6.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,117 | 6.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against Valley First Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $21,100,000 | $363,793 | $5,435 | 6.21% |
For 2023, Valley First Credit Union's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
For 2023, Valley First Credit Union's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.
Loan Duration/Length
For 2023, Valley First Credit Union's most frequently cited loan duration was 30 Year, with 56 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
Valley First Credit Union's average total fees were $5,507, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 31 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 33 | $13,655,000 | $413,788 |
| 6-7% | 12 | $2,910,000 | $242,500 |
| 7-8% | 9 | $3,025,000 | $336,111 |
| Over 8% | 3 | $995,000 | $331,667 |
| 4-5% | 1 | $515,000 | $515,000 |
During 2023, Valley First Credit Union's average interest rate for loans was 6.16%, while their most frequently originated rate bucket for loans was 5-6%, with 33 originations.
Loan Sizing
2023 saw Valley First Credit Union place emphasis on $200k-400k loans with 26 originations, totaling $8,240,000 in origination value.
Applicant Income
Valley First Credit Union lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
Valley First Credit Union lent most frequently to those with DTI ratios of 30-36%, with 9 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.16%
Valley First Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination32.76%
Valley First Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 58 | $21,100,000 | $363,793 |