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 Moses Lake 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 above 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 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% 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

    570

    Origination Dollar Volume (All Markets)

    $177,760,000

    Employee count

    127

    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) 294 $73,680,000 $250,612 $4,649 3.96%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 175 $50,985,000 $291,343 $5,283 3.73%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 67 $38,925,000 $580,970 $4,277 3.56%
    Ellensburg, WA (FHA|USDA|VA) 33 $13,345,000 $404,394 $4,082 3.84%
    Moses Lake, WA (FHA|USDA|VA) 1 $825,000 $825,000 $0 5.50%
    Yakima Federal Savings And Loan Association's top markets include Yakima, Kennewick, Portland, Ellensburg, and Moses Lake 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: 434
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    Cashmere Valley Bank
    Similarity Rank: 544
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    U S WIDE FINANCIAL LLC
    Similarity Rank: 988
    Pacific NW Federal Credit Union
    Similarity Rank: 1344
    Wheatland Bank
    Similarity Rank: 1404
    Wauna Federal Credit Union
    Similarity Rank: 1644
    COAST 2 COAST FUNDING GROUP, INC.
    Similarity Rank: 1653
    INROADS
    Similarity Rank: 1680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 569 $177,555,000 $312,047 $4,758 3.84%
    USDA 1 $205,000 $205,000 $4,883 3.25%

    For 2020, Yakima Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 569 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 274 $105,930,000 $386,606 $5,881 3.85%
    Refi 261 $67,615,000 $259,061 $4,133 3.78%
    Home Improvement 21 $2,565,000 $122,143 $2,359 4.13%
    Other 14 $1,650,000 $117,857 $1,620 4.20%

    For 2020, Yakima Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 274 originations. The 2nd most popular reason was Refi, with 261 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 366 $116,150,000 $317,350 $4,515 3.76%
    30+ year 112 $48,430,000 $432,411 $8,952 4.21%
    15 Year 44 $7,350,000 $167,045 $3,484 3.47%
    20 Year 28 $4,060,000 $145,000 $2,372 3.87%
    10 Year 17 $955,000 $56,176 $1,516 3.85%
    Other 3 $815,000 $271,667 $5,996 3.50%

    For 2020, Yakima Federal Savings And Loan Association's most frequently cited loan duration was 30 Year, with 366 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 129 $46,695,000 $361,977
    $2k-3k 84 $14,560,000 $173,333
    $5k+ 82 $39,800,000 $485,366
    $3k-4k 65 $17,695,000 $272,231
    $1k-2k 54 $6,010,000 $111,296
    $4k-5k 42 $14,520,000 $345,714

    Yakima Federal Savings And Loan Association's average total fees were $4,515, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 129 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 419 $135,695,000 $323,854
    4-5% 73 $16,895,000 $231,438
    5-6% 65 $23,285,000 $358,231
    2.5-3% 7 $1,295,000 $185,000
    <2.5% 6 $590,000 $98,333

    During 2020, Yakima Federal Savings And Loan Association's average interest rate for loans was 3.76%, while their most frequently originated rate bucket for loans was 3-4%, with 419 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 216 $62,040,000 $287,222 $5,085 3.87%
    $100k-200k 143 $21,685,000 $151,643 $3,338 3.88%
    $400k-600k 97 $48,395,000 $498,918 $6,901 3.70%
    $100,000 or less 67 $4,435,000 $66,194 $1,845 3.88%
    $600k-1MM 41 $27,995,000 $682,805 $6,899 3.64%
    $1MM+ 6 $13,210,000 $2,201,667 $7,062 4.88%

    2020 saw Yakima Federal Savings And Loan Association place emphasis on $200k-400k loans with 216 originations, totaling $62,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 122 $38,570,000 $316,148 $5,650 3.77%
    $150k-250k 104 $39,410,000 $378,942 $5,669 3.70%
    $50k-75k 80 $13,840,000 $173,000 $3,599 3.61%
    $75k-100k 68 $15,070,000 $221,618 $4,496 3.70%
    $250k+ 67 $33,565,000 $500,970 $6,094 3.99%
    $50k or less 64 $7,560,000 $118,125 $2,720 3.56%

    Yakima Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 122 originations. The second most popular income band? $150k-250k, with 104 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 159 $45,085,000 $283,553 $4,562 3.56%
    30-36% 104 $33,460,000 $321,731 $4,869 3.50%
    <20% 80 $24,830,000 $310,375 $4,633 3.54%
    42% 20 $6,540,000 $327,000 $5,337 3.72%
    38% 20 $4,990,000 $249,500 $3,960 3.56%
    40% 18 $5,250,000 $291,667 $5,174 3.63%
    36% 17 $5,925,000 $348,529 $5,025 3.57%
    39% 16 $4,640,000 $290,000 $4,937 3.45%
    41% 16 $5,980,000 $373,750 $5,735 3.54%
    37% 9 $3,065,000 $340,556 $5,187 3.51%

    Yakima Federal Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 159 originations. The next most common DTI ratio? 30-36%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 401 $109,985,000 $274,277 $4,810 3.76%
    Not provided 94 $34,110,000 $362,872 $4,709 3.64%
    Not applicable 56 $27,330,000 $488,036 $0 4.87%
    Asian 13 $3,705,000 $285,000 $4,008 3.26%
    Black 4 $1,530,000 $382,500 $3,701 4.03%
    American Indian 2 $1,100,000 $550,000 $3,872 3.44%

    Approval Rates

    Total approvals of all applications
    94.41%

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

    Pick Rate

    Approvals leading to origination
    89.12%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 570 $177,760,000 $311,860

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $8,510,000 $1,418,333
    Single Family (1-4 Units):Manufactured 33 $5,405,000 $163,788
    Single Family (1-4 Units):Site-Built 531 $163,845,000 $308,559

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $4,645,000 $98,830 $2,628 3.57%
    40-60% 76 $15,650,000 $205,921 $3,682 3.64%
    60-80% 282 $103,670,000 $367,624 $5,603 4.00%
    80-100% 142 $52,730,000 $371,338 $5,393 3.67%
    Under 20% 23 $1,065,000 $46,304 $1,153 4.11%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Yakima Federal Savings and Loan Association 118 East Yakima Ave Yakima, WA 98901 Full Service B&M $278,509
    Yakima Federal Savings and Loan Association 3100 Duportail Street Richland, WA 99352 Full Service B&M $101,087
    Yakima Federal Savings and Loan Association 3350 West Clearwater Kennewick, WA 99336 Full Service B&M $71,660
    Yakima Federal Savings and Loan Association 3604 West Court Pasco, WA 99301 Full Service B&M $180,148
    Yakima Federal Savings and Loan Association 3910 Tieton Drive Yakima, WA 98902 Full Service B&M $154,914
    Yakima Federal Savings and Loan Association 5th & Pine Ellensburg, WA 98926 Full Service B&M $191,879
    Yakima Federal Savings and Loan Association 601 Market Street Prosser, WA 99350 Full Service B&M $83,655
    Yakima Federal Savings and Loan Association 7105 Tieton Drive Yakima, WA 98908 Full Service B&M $153,242
    Yakima Federal Savings and Loan Association 801 E Edson Sunnyside, WA 98944 Full Service B&M $104,316
    Yakima Federal Savings and Loan Association 8908 W. Gage Blvd Kennewick, WA 99336 Full Service B&M $57,474

    For 2020, Yakima Federal Savings And Loan Association had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $47,350
    Net interest income $34,503
    Total noninterest income $4,974
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $231
    Trading account gains and fees $0
    Additional Noninterest Income $4,743
    Pre-tax net operating income $17,345
    Securities gains (or losses, -) $0
    Income before extraordinary items $14,530
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,530
    Minority interest net income $0
    Net income $14,530
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,530

    Yakima Federal Savings And Loan Association's gross interest income from loans was $47,350,000.
    Yakima Federal Savings And Loan Association's net interest income from loans was $34,503,000.
    Yakima Federal Savings And Loan Association's fee based income from loans was $231,000.
    Yakima Federal Savings And Loan Association's net income from loans was $14,530,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,847
    Provision for credit losses $305
    Total noninterest expense $21,827
    Salaries and employee benefits $14,076
    Premises and equipment expense $1,774
    Additional noninterest expense $5,977
    Applicable income taxes $2,815
    Net charge-offs $0
    Cash dividends $0

    Yakima Federal Savings And Loan Association's interest expense for loans was $12,847,000.
    Yakima Federal Savings And Loan Association's payroll and benefits expense were $14,076,000.
    Yakima Federal Savings And Loan Association's property, plant and equipment expenses $1,774,000.

    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 $1,447,020
    Deposits held in domestic offices $1,447,020
    Deposits by Individuals, partnerships, and corporations $1,421,540
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,479
    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 $497,662
    Demand deposits $24,306
    Nontransaction accounts $949,357
    Money market deposit accounts (MMDAs) $200,090
    Other savings deposits (excluding MMDAs) $139,280
    Total time deposits $609,988
    Total time and savings deposits $1,422,713
    Noninterest-bearing deposits $26,636
    Interest-bearing deposits $1,420,384
    Retail deposits $1,198,697
    IRAs and Keogh plan accounts $86,517
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,946,933
    Cash & Balances due from depository institutions $413,346
    Interest-bearing balances $377,918
    Total securities $750,512
    Federal funds sold & reverse repurchase $0
    Net loans and leases $656,464
    Loan and leases loss allowance $4,137
    Trading account assets $0
    Bank premises and fixed assets $11,768
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $114,843

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,946,933
    Total Liabilities $1,466,655
    Total deposits $1,447,020
    Interest-bearing deposits $1,420,384
    Deposits held in domestic offices $1,447,020
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $19,635

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $656,464
    Loan and leases loss allowance $4,137
    Total loans and leases (domestic) $660,601
    All real estate loans $660,405
    Real estate loans in domestic offices $660,405
    Construction and development loans $12,806
    Residential 1-4 family construction $9,669
    Other construction, all land development and other land $3,137
    Loans secured by nonfarm nonresidential properties $9,757
    Nonfarm nonresidential secured by owner-occupied properties $5,150
    Commercial real estate & other non-farm, non-residential $4,607
    Multifamily residential real estate $23,598
    1-4 family residential loans $614,244
    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 $196
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $196
    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 $656,464,000 of loans outstanding in 2020. $660,405,000 of loans were in real estate loans. $12,806,000 of loans were in development loans. $23,598,000 of loans were in multifamily mortgage loans. $614,244,000 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 10 $3,952 $395,200
    Nonfarm, nonresidential loans - $100-250k 3 $501 $167,000
    Nonfarm, nonresidential loans - $250k-1MM 7 $3,451 $493,000