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

Yakima, WA

LEI: 5493005JXQCVNMUHBR38

Tax ID: 91-0480760

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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, Kennewick, Portland, Ellensburg, and Walla Walla among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Yakima Federal Savings And Loan Association 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. 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 about average 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.12% 4/22/24
    30 Year Conventional Refi 6.42% 4/22/24
    15 Year Conventional Purchase 5.39% 4/22/24
    15 Year Conventional Refi 6.61% 4/22/24
    15 Year Cash-out Refi 6.61% 4/22/24
    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.

    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

    454

    Origination Dollar Volume (All Markets)

    $115,530,000

    Employee count

    132 Show all (5) awards

    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) 240 $55,450,000 $231,042 $4,302 4.93%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 177 $48,985,000 $276,751 $4,687 4.79%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 11 $5,775,000 $525,000 $3,877 4.53%
    Ellensburg, WA (FHA|USDA|VA) 21 $3,735,000 $177,857 $3,083 4.72%
    WALLA WALLA, WA (FHA|USDA|VA) 4 $1,020,000 $255,000 $4,760 4.63%
    Moses Lake, WA (FHA|USDA|VA) 1 $565,000 $565,000 $0 5.38%
    Yakima Federal Savings And Loan Association's top markets include Yakima, Kennewick, Portland, 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.

    People's Community Federal Credit Union
    Similarity Rank: 33
    Yakima Federal Savings and Loan Association
    Similarity Rank: 534
    Solarity Credit Union
    Similarity Rank: 795
    NUMERICA CREDIT UNION
    Similarity Rank: 874
    CASTPARTS EMPLOYEES
    Similarity Rank: 900
    OREGON COMMUNITY
    Similarity Rank: 969
    HAPO COMMUNITY CREDIT UNION
    Similarity Rank: 980
    Clackamas Federal Credit Union
    Similarity Rank: 1298
    SPOKANE TEACHERS
    Similarity Rank: 1380
    InRoads Federal Credit Union
    Similarity Rank: 1432

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 454 $115,530,000 $254,471 $4,392 4.85%

    For 2018, Yakima Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 454 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 292 $91,660,000 $313,904 $5,711 4.83%
    Refi 106 $18,700,000 $176,415 $3,076 4.98%
    Home Improvement 29 $2,355,000 $81,207 $1,515 4.73%
    Other 27 $2,815,000 $104,259 $1,791 4.81%

    For 2018, Yakima Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 292 originations. The 2nd most popular reason was Refi, with 106 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 192 $43,800,000 $228,125 $4,108 4.82%
    30+ year 169 $57,685,000 $341,331 $7,289 5.01%
    15 Year 29 $3,405,000 $117,414 $2,438 4.51%
    20 Year 27 $2,955,000 $109,444 $1,750 4.83%
    10 Year 18 $1,090,000 $60,556 $1,159 4.62%
    Other 18 $6,570,000 $365,000 $6,705 4.54%
    5 Year 1 $25,000 $25,000 $793 4.50%

    For 2018, Yakima Federal Savings And Loan Association's most frequently cited loan duration was 30 Year, with 192 originations. The 2nd most popular length was 30+ year, with 169 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 65 $10,665,000 $164,077
    $5k+ 62 $25,910,000 $417,903
    $2k-3k 52 $8,920,000 $171,538
    $1k-2k 41 $4,215,000 $102,805
    $4k-5k 35 $10,895,000 $311,286
    $3k-4k 34 $8,970,000 $263,824

    Yakima Federal Savings And Loan Association's average total fees were $4,108, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 65 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 277 $66,335,000 $239,477
    5-6% 160 $44,170,000 $276,063
    3-4% 17 $5,025,000 $295,588

    During 2018, Yakima Federal Savings And Loan Association's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 4-5%, with 277 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 177 $51,885,000 $293,136 $5,461 4.83%
    $100k-200k 135 $21,335,000 $158,037 $3,098 4.98%
    $100,000 or less 69 $4,455,000 $64,565 $1,529 4.66%
    $400k-600k 64 $30,990,000 $484,219 $7,480 4.80%
    $600k-1MM 8 $5,340,000 $667,500 $10,029 5.45%
    $1MM+ 1 $1,525,000 $1,525,000 $0 4.00%

    2018 saw Yakima Federal Savings And Loan Association place emphasis on $200k-400k loans with 177 originations, totaling $51,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 94 $23,840,000 $253,617 $4,815 4.72%
    $150k-250k 59 $17,945,000 $304,153 $5,715 4.69%
    $75k-100k 56 $11,120,000 $198,571 $3,952 4.65%
    $250k+ 54 $15,470,000 $286,481 $6,434 5.19%
    $50k-75k 49 $7,855,000 $160,306 $3,343 4.51%
    $50k or less 36 $4,080,000 $113,333 $2,553 4.54%

    Yakima Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 94 originations. The second most popular income band? $150k-250k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 103 $24,415,000 $237,039 $4,420 4.68%
    30-36% 72 $17,750,000 $246,528 $4,682 4.56%
    <20% 64 $12,790,000 $199,844 $3,845 4.72%
    36% 16 $3,640,000 $227,500 $4,549 4.63%
    42% 15 $4,355,000 $290,333 $5,313 4.62%
    40% 14 $3,380,000 $241,429 $4,038 4.65%
    38% 12 $2,630,000 $219,167 $3,350 4.47%
    41% 9 $2,605,000 $289,444 $5,045 4.56%
    39% 8 $2,060,000 $257,500 $4,766 4.69%
    37% 8 $1,650,000 $206,250 $4,232 4.58%
    43% 1 $175,000 $175,000 $4,125 5.25%

    Yakima Federal Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 103 originations. The next most common DTI ratio? 30-36%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 324 $72,930,000 $225,093 $4,370 4.73%
    Not applicable 102 $34,110,000 $334,412 $0 5.30%
    Not provided 16 $4,720,000 $295,000 $3,884 4.86%
    Black 4 $2,030,000 $507,500 $7,705 4.63%
    Asian 7 $1,645,000 $235,000 $4,581 4.46%
    American Indian 1 $95,000 $95,000 $2,840 4.63%

    Approval Rates

    Total approvals of all applications
    95.33%

    Yakima Federal Savings And Loan Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.41%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 454 $115,530,000 $254,471

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $2,090,000 $1,045,000
    Single Family (1-4 Units):Manufactured 19 $2,265,000 $119,211
    Single Family (1-4 Units):Site-Built 433 $111,175,000 $256,755

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $3,235,000 $87,432 $1,712 4.66%
    40-60% 46 $9,320,000 $202,609 $3,967 4.58%
    60-80% 235 $63,885,000 $271,851 $5,450 4.97%
    80-100% 110 $36,900,000 $335,455 $5,311 4.81%
    Under 20% 25 $1,335,000 $53,400 $923 4.73%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Yakima Federal Savings and Loan Association 3604 West Court Pasco, WA 99301 Full Service B&M $167,124
    Yakima Federal Savings and Loan Association 1007 Jadwin Richland, WA 99352 Full Service B&M $108,689
    Yakima Federal Savings and Loan Association 118 East Yakima Ave Yakima, WA 98901 Full Service B&M $265,298
    Yakima Federal Savings and Loan Association 3350 West Clearwater Kennewick, WA 99336 Full Service B&M $69,362
    Yakima Federal Savings and Loan Association 3910 Tieton Drive Yakima, WA 98902 Full Service B&M $159,195
    Yakima Federal Savings and Loan Association 5th & Pine Ellensburg, WA 98926 Full Service B&M $199,420
    Yakima Federal Savings and Loan Association 601 Market Street Prosser, WA 99350 Full Service B&M $80,139
    Yakima Federal Savings and Loan Association 7105 Tieton Drive Yakima, WA 98908 Full Service B&M $137,657
    Yakima Federal Savings and Loan Association 801 E Edson Sunnyside, WA 98944 Full Service B&M $90,753
    Yakima Federal Savings and Loan Association 8908 W. Gage Blvd Kennewick, WA 99336 Full Service B&M $55,343

    For 2018, Yakima Federal Savings And Loan Association had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $54,241
    Net interest income $44,153
    Total noninterest income $5,521
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $308
    Trading account gains and fees $0
    Additional Noninterest Income $5,213
    Pre-tax net operating income $25,686
    Securities gains (or losses, -) $0
    Income before extraordinary items $21,257
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $21,257
    Minority interest net income $0
    Net income $21,257
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $21,257

    Yakima Federal Savings And Loan Association's gross interest income from loans was $54,241,000.
    Yakima Federal Savings And Loan Association's net interest income from loans was $44,153,000.
    Yakima Federal Savings And Loan Association's fee based income from loans was $308,000.
    Yakima Federal Savings And Loan Association's net income from loans was $21,257,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,088
    Provision for credit losses $120
    Total noninterest expense $23,868
    Salaries and employee benefits $16,100
    Premises and equipment expense $1,690
    Additional noninterest expense $6,078
    Applicable income taxes $4,429
    Net charge-offs $0
    Cash dividends $0

    Yakima Federal Savings And Loan Association's interest expense for loans was $10,088,000.
    Yakima Federal Savings And Loan Association's payroll and benefits expense were $16,100,000.
    Yakima Federal Savings And Loan Association's property, plant and equipment expenses $1,690,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,426,302
    Deposits held in domestic offices $1,426,302
    Deposits by Individuals, partnerships, and corporations $1,412,420
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,882
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $569,596
    Demand deposits $23,478
    Nontransaction accounts $856,706
    Money market deposit accounts (MMDAs) $141,967
    Other savings deposits (excluding MMDAs) $119,408
    Total time deposits $595,332
    Total time and savings deposits $1,402,824
    Noninterest-bearing deposits $25,561
    Interest-bearing deposits $1,400,741
    Retail deposits $1,215,382
    IRAs and Keogh plan accounts $92,363
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,890,746
    Cash & Balances due from depository institutions $369,552
    Interest-bearing balances $349,296
    Total securities $746,992
    Federal funds sold & reverse repurchase $0
    Net loans and leases $664,721
    Loan and leases loss allowance $3,712
    Trading account assets $0
    Bank premises and fixed assets $9,858
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $99,623

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,890,746
    Total Liabilities $1,447,715
    Total deposits $1,426,302
    Interest-bearing deposits $1,400,741
    Deposits held in domestic offices $1,426,302
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $21,413

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $664,721
    Loan and leases loss allowance $3,712
    Total loans and leases (domestic) $668,433
    All real estate loans $667,488
    Real estate loans in domestic offices $667,488
    Construction and development loans $19,054
    Residential 1-4 family construction $17,728
    Other construction, all land development and other land $1,326
    Loans secured by nonfarm nonresidential properties $3,622
    Nonfarm nonresidential secured by owner-occupied properties $2,309
    Commercial real estate & other non-farm, non-residential $1,313
    Multifamily residential real estate $18,654
    1-4 family residential loans $626,158
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $324
    To non-U.S. addressees $0
    Loans to individuals $621
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $621
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Yakima Federal Savings and Loan Association had $664,721,000 of loans outstanding in 2018. $667,488,000 of loans were in real estate loans. $19,054,000 of loans were in development loans. $18,654,000 of loans were in multifamily mortgage loans. $626,158,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 9 $3,333 $370,333
    Nonfarm, nonresidential loans - $100-250k 4 $355 $88,750
    Nonfarm, nonresidential loans - $250k-1MM 5 $2,978 $595,600
    Commercial & Industrial, US addressed loans - <$1MM 1 $324 $324,000
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $324 $324,000