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 and Refi loans. Yakima Federal Savings And Loan Association has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Yakima, Kennewick, Portland, Ellensburg, and Salem 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% 4/14/24
    30 Year Conventional Refi 6.42% 4/14/24
    15 Year Conventional Purchase 5.39% 4/14/24
    15 Year Conventional Refi 6.61% 4/14/24
    15 Year Cash-out Refi 6.61% 4/14/24
    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

    537

    Origination Dollar Volume (All Markets)

    $141,385,000

    Employee count

    131 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) 273 $59,845,000 $219,212 $4,360 4.49%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 174 $44,860,000 $257,816 $4,674 4.23%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 60 $31,000,000 $516,667 $3,732 3.93%
    Ellensburg, WA (FHA|USDA|VA) 26 $4,440,000 $170,769 $3,640 4.39%
    SALEM, OR (FHA|USDA|VA) 2 $760,000 $380,000 $3,572 3.81%
    WALLA WALLA, WA (FHA|USDA|VA) 2 $480,000 $240,000 $4,553 4.00%
    Yakima Federal Savings And Loan Association's top markets include Yakima, Kennewick, Portland, Ellensburg, and Salem 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.

    INROADS
    Similarity Rank: 549
    Yakima Federal Savings and Loan Association
    Similarity Rank: 720
    iQ Credit Union
    Similarity Rank: 851
    Clackamas Federal Credit Union
    Similarity Rank: 918
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    CASTPARTS EMPLOYEES
    Similarity Rank: 1170
    Consolidated Federal Credit Union
    Similarity Rank: 1220
    First Federal
    Similarity Rank: 1240
    SPOKANE TEACHERS
    Similarity Rank: 1386
    FIRST COMMUNITY
    Similarity Rank: 1464

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 535 $141,045,000 $263,636 $4,330 4.34%
    USDA 2 $340,000 $170,000 $5,686 4.38%

    For 2019, Yakima Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 535 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 286 $89,980,000 $314,615 $5,349 4.23%
    Refi 195 $46,485,000 $238,385 $3,800 4.40%
    Home Improvement 36 $2,580,000 $71,667 $1,404 4.65%
    Other 20 $2,340,000 $117,000 $1,814 4.65%

    For 2019, Yakima Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 286 originations. The 2nd most popular reason was Refi, with 195 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 329 $89,485,000 $271,991 $4,201 4.27%
    30+ year 112 $39,490,000 $352,589 $7,947 4.56%
    15 Year 40 $4,400,000 $110,000 $2,633 4.07%
    20 Year 34 $5,240,000 $154,118 $2,256 4.46%
    10 Year 18 $930,000 $51,667 $1,023 4.58%
    Other 4 $1,840,000 $460,000 $9,399 4.00%

    For 2019, Yakima Federal Savings And Loan Association's most frequently cited loan duration was 30 Year, with 329 originations. The 2nd most popular length was 30+ year, with 112 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 137 $38,355,000 $279,964
    $2k-3k 80 $14,200,000 $177,500
    $5k+ 70 $30,180,000 $431,143
    $3k-4k 55 $14,075,000 $255,909
    $1k-2k 39 $4,235,000 $108,590
    $4k-5k 29 $9,635,000 $332,241

    Yakima Federal Savings And Loan Association's average total fees were $4,201, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 137 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 249 $74,345,000 $298,574
    4-5% 160 $39,080,000 $244,250
    5-6% 120 $27,170,000 $226,417
    2.5-3% 6 $500,000 $83,333
    <2.5% 2 $290,000 $145,000

    During 2019, Yakima Federal Savings And Loan Association's average interest rate for loans was 4.27%, while their most frequently originated rate bucket for loans was 3-4%, with 249 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 205 $60,105,000 $293,195 $5,434 4.41%
    $100k-200k 154 $23,050,000 $149,675 $3,225 4.41%
    $100,000 or less 77 $4,975,000 $64,610 $1,700 4.32%
    $400k-600k 77 $38,315,000 $497,597 $6,206 4.12%
    $600k-1MM 24 $14,940,000 $622,500 $5,717 3.97%

    2019 saw Yakima Federal Savings And Loan Association place emphasis on $200k-400k loans with 205 originations, totaling $60,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 115 $42,745,000 $371,696 $5,412 4.31%
    $100k-150k 108 $30,080,000 $278,519 $4,883 4.26%
    $75k-100k 82 $16,900,000 $206,098 $4,000 4.21%
    $50k-75k 74 $12,030,000 $162,568 $3,706 4.15%
    $50k or less 57 $6,195,000 $108,684 $2,438 4.00%
    $250k+ 39 $14,435,000 $370,128 $5,603 4.50%

    Yakima Federal Savings And Loan Association lent most frequently to those with incomes in the $150k-250k range, with 115 originations. The second most popular income band? $100k-150k, with 108 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 162 $40,530,000 $250,185 $4,274 4.16%
    30-36% 107 $28,625,000 $267,523 $4,419 4.08%
    <20% 66 $14,260,000 $216,061 $3,562 4.29%
    41% 22 $6,750,000 $306,818 $4,754 4.20%
    40% 20 $5,350,000 $267,500 $4,446 4.01%
    37% 18 $5,330,000 $296,111 $4,063 4.09%
    36% 18 $4,920,000 $273,333 $5,229 4.30%
    42% 15 $5,435,000 $362,333 $6,395 4.08%
    38% 14 $4,150,000 $296,429 $4,531 4.08%
    39% 6 $1,240,000 $206,667 $3,239 4.23%
    44% 1 $125,000 $125,000 $3,255 3.75%

    Yakima Federal Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 162 originations. The next most common DTI ratio? 30-36%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 411 $104,485,000 $254,221 $4,356 4.27%
    Not applicable 54 $17,130,000 $317,222 $0 5.19%
    Not provided 47 $14,725,000 $313,298 $4,491 4.19%
    Asian 14 $2,760,000 $197,143 $3,649 3.54%
    American Indian 5 $1,005,000 $201,000 $4,276 3.95%
    Black 3 $535,000 $178,333 $1,056 5.08%
    Chinese 1 $385,000 $385,000 $7,446 3.75%
    Other Pacific Islander 1 $265,000 $265,000 $6,102 4.63%
    Other Asian 1 $95,000 $95,000 $2,503 3.00%

    Approval Rates

    Total approvals of all applications
    93.22%

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

    Pick Rate

    Approvals leading to origination
    90.32%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 537 $141,385,000 $263,287

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,095,000 $365,000
    Single Family (1-4 Units):Manufactured 30 $5,040,000 $168,000
    Single Family (1-4 Units):Site-Built 504 $135,250,000 $268,353

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $3,800,000 $95,000 $2,073 4.24%
    40-60% 63 $11,375,000 $180,556 $3,612 4.05%
    60-80% 257 $75,815,000 $295,000 $4,872 4.43%
    80-100% 147 $48,915,000 $332,755 $5,501 4.29%
    Under 20% 30 $1,480,000 $49,333 $1,223 4.49%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Yakima Federal Savings and Loan Association 8908 W. Gage Blvd Kennewick, WA 99336 Full Service B&M $51,954
    Yakima Federal Savings and Loan Association 1007 Jadwin Richland, WA 99352 Full Service B&M $106,515
    Yakima Federal Savings and Loan Association 118 East Yakima Ave Yakima, WA 98901 Full Service B&M $261,613
    Yakima Federal Savings and Loan Association 3350 West Clearwater Kennewick, WA 99336 Full Service B&M $68,020
    Yakima Federal Savings and Loan Association 3604 West Court Pasco, WA 99301 Full Service B&M $172,807
    Yakima Federal Savings and Loan Association 3910 Tieton Drive Yakima, WA 98902 Full Service B&M $151,352
    Yakima Federal Savings and Loan Association 5th & Pine Ellensburg, WA 98926 Full Service B&M $179,783
    Yakima Federal Savings and Loan Association 601 Market Street Prosser, WA 99350 Full Service B&M $79,934
    Yakima Federal Savings and Loan Association 7105 Tieton Drive Yakima, WA 98908 Full Service B&M $140,347
    Yakima Federal Savings and Loan Association 801 E Edson Sunnyside, WA 98944 Full Service B&M $94,063

    For 2019, Yakima Federal Savings And Loan Association had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $55,143
    Net interest income $41,762
    Total noninterest income $5,739
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $298
    Trading account gains and fees $0
    Additional Noninterest Income $5,441
    Pre-tax net operating income $25,680
    Securities gains (or losses, -) $0
    Income before extraordinary items $21,052
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $21,052
    Minority interest net income $0
    Net income $21,052
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $21,052

    Yakima Federal Savings And Loan Association's gross interest income from loans was $55,143,000.
    Yakima Federal Savings And Loan Association's net interest income from loans was $41,762,000.
    Yakima Federal Savings And Loan Association's fee based income from loans was $298,000.
    Yakima Federal Savings And Loan Association's net income from loans was $21,052,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $13,381
    Provision for credit losses $120
    Total noninterest expense $21,701
    Salaries and employee benefits $13,997
    Premises and equipment expense $1,821
    Additional noninterest expense $5,883
    Applicable income taxes $4,628
    Net charge-offs $0
    Cash dividends $0

    Yakima Federal Savings And Loan Association's interest expense for loans was $13,381,000.
    Yakima Federal Savings And Loan Association's payroll and benefits expense were $13,997,000.
    Yakima Federal Savings And Loan Association's property, plant and equipment expenses $1,821,000.

    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 $1,313,565
    Deposits held in domestic offices $1,313,565
    Deposits by Individuals, partnerships, and corporations $1,294,616
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $18,949
    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 $419,909
    Demand deposits $22,170
    Nontransaction accounts $893,656
    Money market deposit accounts (MMDAs) $137,333
    Other savings deposits (excluding MMDAs) $121,089
    Total time deposits $635,233
    Total time and savings deposits $1,291,395
    Noninterest-bearing deposits $24,444
    Interest-bearing deposits $1,289,121
    Retail deposits $1,069,438
    IRAs and Keogh plan accounts $87,459
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,799,401
    Cash & Balances due from depository institutions $258,679
    Interest-bearing balances $230,751
    Total securities $723,983
    Federal funds sold & reverse repurchase $0
    Net loans and leases $697,222
    Loan and leases loss allowance $3,832
    Trading account assets $0
    Bank premises and fixed assets $11,595
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $107,922

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,799,401
    Total Liabilities $1,334,318
    Total deposits $1,313,565
    Interest-bearing deposits $1,289,121
    Deposits held in domestic offices $1,313,565
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $20,753

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $697,222
    Loan and leases loss allowance $3,832
    Total loans and leases (domestic) $701,054
    All real estate loans $700,603
    Real estate loans in domestic offices $700,603
    Construction and development loans $9,560
    Residential 1-4 family construction $9,560
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $8,057
    Nonfarm nonresidential secured by owner-occupied properties $4,115
    Commercial real estate & other non-farm, non-residential $3,942
    Multifamily residential real estate $18,193
    1-4 family residential loans $664,793
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $451
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $451
    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 $697,222,000 of loans outstanding in 2019. $700,603,000 of loans were in real estate loans. $9,560,000 of loans were in development loans. $18,193,000 of loans were in multifamily mortgage loans. $664,793,000 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 8 $3,117 $389,625
    Nonfarm, nonresidential loans - $100-250k 3 $302 $100,667
    Nonfarm, nonresidential loans - $250k-1MM 5 $2,815 $563,000