Valley Strong Credit Union Mortgage Rates, Fees & Info

Bakersfield, CA

LEI: 5493006MA7WP1WL8U431

Tax ID: 95-1652797

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

Jump to:

  • 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)

    • Review & Overview

    Valley Strong Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Valley Strong Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bakersfield, San Luis Obispo, Los Angeles, Visalia, and Santa Maria among others. We have data for 12 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 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.

    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% 4/19/24
    30 Year Conventional Refi 5.78% 4/19/24
    30 Year Cash-out Refi 5.84% 4/19/24
    15 Year Conventional Purchase 6.06% 4/19/24
    15 Year Conventional Refi 5.65% 4/19/24
    15 Year Cash-out Refi 5.65% 4/19/24
    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

    1,087

    Origination Dollar Volume (All Markets)

    $141,615,000

    Awards

    VALLEY STRONG CREDIT UNION 30 Year Conventional Loans gold VALLEY STRONG CREDIT UNION 30 Year Conventional Loans gold
    Show all (2) 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
    BAKERSFIELD, CA (FHA|USDA|VA) 1,048 $132,530,000 $126,460 $2,367 4.19%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 13 $3,885,000 $298,846 $2,368 4.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,455,000 $485,000 $2,280 3.79%
    VISALIA, CA (FHA|USDA|VA) 9 $805,000 $89,444 $1,963 4.49%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $675,000 $675,000 $3,000 3.25%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $615,000 $205,000 $4,136 4.13%
    FRESNO, CA (FHA|USDA|VA) 3 $445,000 $148,333 $4,230 4.17%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $435,000 $435,000 $0 3.25%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $410,000 $205,000 $1,424 3.75%
    REDDING, CA (FHA|USDA|VA) 1 $255,000 $255,000 $3,582 3.38%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $70,000 $35,000 $325 5.00%
    MADERA, CA (FHA|USDA|VA) 1 $35,000 $35,000 $150 5.50%
    Valley Strong Credit Union's top markets include Bakersfield, San Luis Obispo, Los Angeles, Visalia, and Santa Maria among others.

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

    • 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.

    Educational Employees Credit Union
    Similarity Rank: 51
    SAFE 1 CREDIT UNION
    Similarity Rank: 174
    Christian Community Credit Union
    Similarity Rank: 220
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 374
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    LBS FINANCIAL
    Similarity Rank: 546
    VALLEY STRONG CREDIT UNION
    Similarity Rank: 576
    LA Financial Federal Credit Union
    Similarity Rank: 951
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 1050

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,087 $141,615,000 $130,281 $2,362 4.18%

    For 2019, Valley Strong Credit Union's most frequently originated type of loan was Conventional, with 1,087 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 295 $46,485,000 $157,576 $3,230 4.04%
    Home Improvement 258 $11,550,000 $44,767 $363 4.74%
    Refi 216 $39,960,000 $185,000 $3,203 3.54%
    Home Purchase 165 $36,375,000 $220,455 $4,793 3.96%
    Other 153 $7,245,000 $47,353 $494 4.67%

    For 2019, Valley Strong Credit Union's most frequently cited loan purpose was Cash Out Refi, with 295 originations. The 2nd most popular reason was Home Improvement, with 258 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 426 $22,270,000 $52,277 $570 4.41%
    30 Year 286 $66,670,000 $233,112 $4,671 3.86%
    15 Year 284 $39,770,000 $140,035 $2,571 3.98%
    20 Year 91 $12,905,000 $141,813 $2,791 4.79%

    For 2019, Valley Strong Credit Union's most frequently cited loan duration was 10 Year, with 426 originations. The 2nd most popular length was 30 Year, with 286 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 542 $34,460,000 $63,579
    $1k-2k 247 $47,305,000 $191,518
    $2k-3k 103 $21,275,000 $206,553
    $3k-4k 57 $11,855,000 $207,982
    $5k+ 41 $11,705,000 $285,488
    $4k-5k 31 $7,955,000 $256,613

    Valley Strong Credit Union's average total fees were $4,671, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 542 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 522 $43,620,000 $83,563
    3-4% 353 $73,645,000 $208,626
    2.5-3% 90 $17,690,000 $196,556
    5-6% 84 $4,240,000 $50,476
    6-7% 37 $2,385,000 $64,459
    <2.5% 1 $35,000 $35,000

    During 2019, Valley Strong Credit Union's average interest rate for loans was 3.86%, while their most frequently originated rate bucket for loans was 4-5%, with 522 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 558 $26,930,000 $48,262 $609 4.65%
    $100k-200k 267 $39,585,000 $148,258 $3,538 3.79%
    $200k-400k 241 $63,795,000 $264,710 $4,858 3.59%
    $400k-600k 14 $6,260,000 $447,143 $5,774 3.60%
    $600k-1MM 6 $4,040,000 $673,333 $3,499 3.65%
    $1MM+ 1 $1,005,000 $1,005,000 $3,303 3.63%

    2019 saw Valley Strong Credit Union place emphasis on $100,000 or less loans with 558 originations, totaling $26,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 271 $38,525,000 $142,159 $2,249 4.23%
    $50k-75k 244 $27,710,000 $113,566 $2,502 4.20%
    $50k or less 200 $18,520,000 $92,600 $2,151 4.25%
    $75k-100k 196 $24,350,000 $124,235 $2,316 4.17%
    $150k-250k 158 $28,490,000 $180,316 $2,679 4.04%
    $250k+ 18 $4,020,000 $223,333 $2,261 4.05%

    Valley Strong Credit Union lent most frequently to those with incomes in the $100k-150k range, with 271 originations. The second most popular income band? $50k-75k, with 244 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 240 $33,580,000 $139,917 $2,550 4.08%
    30-36% 174 $24,990,000 $143,621 $2,301 4.12%
    <20% 71 $9,365,000 $131,901 $2,767 3.97%
    49% 57 $6,415,000 $112,544 $2,206 4.47%
    42% 56 $6,680,000 $119,286 $1,916 4.34%
    48% 45 $4,265,000 $94,778 $1,802 4.40%
    38% 45 $6,775,000 $150,556 $2,780 4.05%
    47% 44 $4,590,000 $104,318 $1,686 4.38%
    45% 43 $5,305,000 $123,372 $1,986 4.47%
    41% 43 $5,215,000 $121,279 $2,026 4.15%
    44% 43 $5,215,000 $121,279 $2,326 4.49%
    39% 42 $6,070,000 $144,524 $2,765 4.00%
    37% 41 $4,675,000 $114,024 $2,538 4.25%
    43% 40 $5,120,000 $128,000 $2,815 3.99%
    46% 36 $5,180,000 $143,889 $2,251 4.40%
    36% 36 $4,770,000 $132,500 $2,470 4.08%
    40% 28 $2,900,000 $103,571 $2,251 4.21%
    >60% 2 $320,000 $160,000 $753 3.88%
    50-60% 1 $185,000 $185,000 $0 4.13%

    Valley Strong Credit Union lent most frequently to those with DTI ratios of 20-30%, with 240 originations. The next most common DTI ratio? 30-36%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 859 $112,825,000 $131,345 $2,444 4.17%
    Not provided 135 $16,175,000 $119,815 $1,941 4.37%
    Asian 38 $5,380,000 $141,579 $2,263 3.94%
    Black 17 $2,825,000 $166,176 $2,394 4.29%
    American Indian 22 $2,320,000 $105,455 $1,692 4.11%
    Filipino 9 $1,005,000 $111,667 $2,308 4.00%
    Asian Indian 4 $720,000 $180,000 $4,912 3.97%
    Other Asian 1 $255,000 $255,000 $5,583 2.75%
    Native Hawaiian or Islander 2 $110,000 $55,000 $225 5.50%

    Approval Rates

    Total approvals of all applications
    85.01%

    Valley Strong Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.60%

    Valley Strong Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,087 $141,615,000 $130,281

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $1,145,000 $127,222
    Single Family (1-4 Units):Site-Built 1,078 $140,470,000 $130,306

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 187 $13,905,000 $74,358 $845 4.69%
    40-60% 118 $17,150,000 $145,339 $2,810 3.66%
    60-80% 271 $57,675,000 $212,823 $4,438 3.66%
    80-100% 169 $40,745,000 $241,095 $4,858 3.77%
    Under 20% 342 $12,140,000 $35,497 $325 4.71%