Yakima Federal Savings And Loan Association Mortgage Rates, Fees & Info

Yakima, WA

LEI: 5493005JXQCVNMUHBR38

Tax ID: 91-0480760

5 stars - Updated: 12/16/24 - out of 5 stars, based on 18 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Yakima Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Yakima Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Yakima, Portland, Kennewick, Ellensburg, and Walla Walla among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Yakima Federal Savings And Loan Association 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. Yakima Federal Savings And Loan Association 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 relatively high rates.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.12% 12/16/24
    30 Year Conventional Refi 6.42% 12/16/24
    15 Year Conventional Purchase 5.39% 12/16/24
    15 Year Conventional Refi 6.61% 12/16/24
    15 Year Cash-out Refi 6.61% 12/16/24
    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.

    Yakima Federal Savings And Loan Association Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Yakima Federal Savings And Loan Association. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    329

    Origination Dollar Volume (All Markets)

    $105,985,000
    Show all (6) awards

    Relative Rate

    Yakima Federal Savings And Loan Association's average 30 year fixed mortgage rate was 6.28%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.2%.

    Relative Fees (Closing Costs)

    Yakima Federal Savings And Loan Association's average total fees/closing costs for a 30 year fixed rate mortgage were $4,682.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    YAKIMA, WA (FHA|USDA|VA) 149 $40,605,000 $272,517 $4,158 6.45%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 65 $32,245,000 $496,077 $4,358 6.50%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 101 $29,175,000 $288,861 $3,992 6.54%
    Ellensburg, WA (FHA|USDA|VA) 13 $3,385,000 $260,385 $4,897 6.49%
    WALLA WALLA, WA (FHA|USDA|VA) 1 $575,000 $575,000 $12,114 6.50%
    Yakima Federal Savings And Loan Association's top markets include Yakima, Portland, Kennewick, Ellensburg, and Walla Walla among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Yakima Federal Savings and Loan Association based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Solarity Credit Union
    Similarity Rank: 55
    INROADS
    Similarity Rank: 238
    Yakima Federal Savings and Loan Association
    Similarity Rank: 330
    Wheatland Bank
    Similarity Rank: 456
    South Pacific Financial Corporation
    Similarity Rank: 627
    Clackamas Federal Credit Union
    Similarity Rank: 776
    HAPO COMMUNITY CREDIT UNION
    Similarity Rank: 855
    SPOKANE TEACHERS
    Similarity Rank: 928
    NUMERICA CREDIT UNION
    Similarity Rank: 946
    COLUMBIA COMMUNITY CREDIT UNION
    Similarity Rank: 988

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 329 $105,985,000 $322,143 $4,218 6.49%

    For 2023, Yakima Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 329 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 198 $88,820,000 $448,586 $5,907 6.40%
    Refi 54 $9,800,000 $181,481 $2,920 6.36%
    Home Improvement 47 $4,835,000 $102,872 $1,541 6.79%
    Other 30 $2,530,000 $84,333 $1,647 6.79%

    For 2023, Yakima Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 198 originations. The 2nd most popular reason was Refi, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 158 $56,590,000 $358,165 $4,682 6.28%
    30+ year 69 $32,695,000 $473,841 $10,507 6.65%
    20 Year 59 $6,745,000 $114,322 $1,355 6.91%
    15 Year 20 $1,980,000 $99,000 $2,072 6.41%
    10 Year 19 $1,545,000 $81,316 $1,077 6.64%
    5 Year 3 $6,105,000 $2,035,000 $0 5.25%
    Other 1 $325,000 $325,000 $7,273 6.25%

    For 2023, Yakima Federal Savings And Loan Association's most frequently cited loan duration was 30 Year, with 158 originations. The 2nd most popular length was 30+ year, with 69 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 158 $42,080,000 $266,329
    $5k+ 48 $23,900,000 $497,917
    $1k-2k 28 $3,700,000 $132,143
    $2k-3k 17 $2,785,000 $163,824
    $4k-5k 17 $6,025,000 $354,412
    $3k-4k 8 $2,550,000 $318,750

    Yakima Federal Savings And Loan Association's average total fees were $4,682, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 158 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 193 $61,525,000 $318,782
    5-6% 66 $25,440,000 $385,455
    7-8% 56 $16,470,000 $294,107
    4-5% 14 $2,550,000 $182,143

    During 2023, Yakima Federal Savings And Loan Association's average interest rate for loans was 6.28%, while their most frequently originated rate bucket for loans was 6-7%, with 193 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 86 $26,450,000 $307,558 $4,990 6.40%
    $400k-600k 81 $39,365,000 $485,988 $6,311 6.61%
    $100,000 or less 69 $4,035,000 $58,478 $1,498 6.72%
    $100k-200k 59 $8,525,000 $144,492 $2,174 6.24%
    $600k-1MM 32 $22,030,000 $688,438 $8,199 6.45%
    $1MM+ 2 $5,580,000 $2,790,000 $0 5.25%

    2023 saw Yakima Federal Savings And Loan Association place emphasis on $200k-400k loans with 86 originations, totaling $26,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 81 $33,465,000 $413,148 $5,418 6.50%
    $100k-150k 64 $17,690,000 $276,406 $4,606 6.46%
    $75k-100k 37 $7,415,000 $200,405 $3,596 6.41%
    $50k-75k 36 $3,750,000 $104,167 $2,077 6.51%
    $250k+ 35 $18,025,000 $515,000 $5,742 6.55%
    $50k or less 29 $3,055,000 $105,345 $2,282 5.91%

    Yakima Federal Savings And Loan Association lent most frequently to those with incomes in the $150k-250k range, with 81 originations. The second most popular income band? $100k-150k, with 64 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 79 $24,125,000 $305,380 $4,814 6.29%
    20-30% 67 $18,755,000 $279,925 $3,429 6.40%
    42% 27 $7,035,000 $260,556 $3,393 6.61%
    <20% 19 $4,215,000 $221,842 $3,130 6.45%
    40% 16 $4,900,000 $306,250 $3,591 6.73%
    39% 15 $5,415,000 $361,000 $5,925 6.43%
    38% 14 $4,210,000 $300,714 $5,004 6.46%
    41% 14 $3,820,000 $272,857 $4,962 6.43%
    37% 13 $4,145,000 $318,846 $5,150 6.26%
    36% 12 $4,420,000 $368,333 $4,190 6.16%

    Yakima Federal Savings And Loan Association lent most frequently to those with DTI ratios of 30-36%, with 79 originations. The next most common DTI ratio? 20-30%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 224 $59,930,000 $267,545 $4,149 6.47%
    Not applicable 42 $21,850,000 $520,238 $0 6.91%
    Not provided 49 $19,405,000 $396,020 $4,526 6.45%
    Asian 10 $2,950,000 $295,000 $3,440 5.50%
    Black 3 $1,465,000 $488,333 $5,369 6.08%
    American Indian 1 $385,000 $385,000 $8,582 5.88%

    Approval Rates

    Total approvals of all applications
    89.11%

    Yakima Federal Savings And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.02%

    Yakima Federal Savings And Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 329 $105,985,000 $322,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    329 $105,985,000 $322,143

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 56 $7,780,000 $138,929 $2,172 6.46%
    40-60% 39 $10,065,000 $258,077 $3,969 6.34%
    60-80% 107 $51,345,000 $479,860 $7,003 6.37%
    80-100% 75 $33,655,000 $448,733 $5,506 6.52%
    Under 20% 52 $3,140,000 $60,385 $1,130 6.82%