Valley Strong Credit Union Mortgage Rates, Fees & Info
Bakersfield, CALEI: 5493006MA7WP1WL8U431
Tax ID: 95-1652797
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Valley Strong Credit Union is a smaller credit union specializing in Home Purchase loans. Valley Strong Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bakersfield, Los Angeles, Stockton, San Luis Obispo, and Visalia among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Valley Strong Credit Union 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. Valley Strong Credit Union is typically an average 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 5.28% | 12/9/24 |
30 Year Conventional Refi | 5.78% | 12/9/24 |
30 Year Cash-out Refi | 5.84% | 12/9/24 |
15 Year Conventional Purchase | 6.06% | 12/9/24 |
15 Year Conventional Refi | 5.65% | 12/9/24 |
15 Year Cash-out Refi | 5.65% | 12/9/24 |
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. |
Valley Strong Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Valley Strong Credit Union. 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
650Origination Dollar Volume (All Markets)
$110,490,000VALLEY STRONG CREDIT UNION - 2023
VALLEY STRONG CREDIT UNION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
Work for VALLEY STRONG CREDIT UNION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Valley Strong Credit Union's average 30 year fixed mortgage rate was
5.75%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.73%.
Relative Fees (Closing Costs)
Valley Strong Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,187.
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 |
---|---|---|---|---|---|
BAKERSFIELD, CA (FHA|USDA|VA) | 510 | $75,480,000 | $148,000 | $1,833 | 7.68% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 9 | $10,015,000 | $1,112,778 | $9,987 | 5.99% |
STOCKTON, CA (FHA|USDA|VA) | 60 | $7,520,000 | $125,333 | $1,025 | 7.68% |
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 7 | $5,365,000 | $766,429 | $8,213 | 5.61% |
VISALIA, CA (FHA|USDA|VA) | 25 | $2,835,000 | $113,400 | $1,031 | 7.92% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $2,045,000 | $681,667 | $5,011 | 6.08% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $1,721 | 7.06% |
HANFORD-CORCORAN, CA (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $2,204 | 6.43% |
ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $10,084 | 6.50% |
VALLEJO, CA (FHA|USDA|VA) | 11 | $1,015,000 | $92,273 | $948 | 7.50% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $9,330 | 5.25% |
FRESNO, CA (FHA|USDA|VA) | 4 | $570,000 | $142,500 | $1,212 | 8.06% |
SALINAS, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,041 | 7.13% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,419 | 5.50% |
MODESTO, CA (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $375 | 7.33% |
MADERA, CA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $305 | 9.19% |
Outside of Metro Areas | 1 | $45,000 | $45,000 | $595 | 7.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against VALLEY STRONG CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 24
Similarity Rank: 55
Similarity Rank: 66
Similarity Rank: 72
Similarity Rank: 136
Similarity Rank: 258
Similarity Rank: 261
Similarity Rank: 312
Similarity Rank: 342
Similarity Rank: 351
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 650 | $110,490,000 | $169,985 | $1,890 | 7.61% |
For 2023, Valley Strong Credit Union's most frequently originated type of loan was Conventional, with 650 originations.
Loan Reason
For 2023, Valley Strong Credit Union's most frequently cited loan purpose was Home Improvement, with 252 originations. The 2nd most popular reason was Other, with 180 originations.
Loan Duration/Length
For 2023, Valley Strong Credit Union's most frequently cited loan duration was 15 Year, with 253 originations. The 2nd most popular length was 20 Year, with 140 originations.
Origination Fees/Closing Costs
Valley Strong Credit Union's average total fees were $6,187, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 517 originations.
Interest Rates
During 2023, Valley Strong Credit Union's average interest rate for loans was 5.75%, while their most frequently originated rate bucket for loans was 6-7%, with 259 originations.
Loan Sizing
2023 saw Valley Strong Credit Union place emphasis on $100,000 or less loans with 427 originations, totaling $22,655,000 in origination value.
Applicant Income
Valley Strong Credit Union lent most frequently to those with incomes in the $100k-150k range, with 183 originations. The second most popular income band? $50k-75k, with 125 originations.
Applicant Debt to Income Ratio
Valley Strong Credit Union lent most frequently to those with DTI ratios of 30-36%, with 92 originations. The next most common DTI ratio? 20-30%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.48%
Valley Strong Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination66.31%
Valley Strong 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 | 650 | $110,490,000 | $169,985 |