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 Home Purchase and Cash Out Refi loans. Valley Strong Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bakersfield, Los Angeles, Stockton, San Jose, and San Luis Obispo among others. We have data for 29 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.28% 12/16/24
    30 Year Conventional Refi 5.78% 12/16/24
    30 Year Cash-out Refi 5.84% 12/16/24
    15 Year Conventional Purchase 6.06% 12/16/24
    15 Year Conventional Refi 5.65% 12/16/24
    15 Year Cash-out Refi 5.65% 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.

    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

    1,108

    Origination Dollar Volume (All Markets)

    $265,070,000
    Show all (6) 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) 876 $177,290,000 $202,386 $2,999 4.55%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 26 $18,560,000 $713,846 $4,895 4.33%
    STOCKTON, CA (FHA|USDA|VA) 70 $11,220,000 $160,286 $1,274 4.57%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 9 $7,865,000 $873,889 $5,483 3.94%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 11 $7,805,000 $709,545 $6,289 4.06%
    VISALIA, CA (FHA|USDA|VA) 38 $6,930,000 $182,368 $2,472 4.81%
    VALLEJO, CA (FHA|USDA|VA) 23 $5,005,000 $217,609 $2,100 4.52%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $4,790,000 $1,197,500 $6,956 3.50%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 9 $4,385,000 $487,222 $3,344 4.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $3,940,000 $1,970,000 $13,809 4.19%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $2,725,000 $2,725,000 $16,193 2.63%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,660,000 $830,000 $4,829 3.56%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $1,535,000 $219,286 $3,082 4.61%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $1,285,000 $1,285,000 $23,755 3.75%
    FRESNO, CA (FHA|USDA|VA) 6 $1,110,000 $185,000 $2,283 4.94%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $14,409 5.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $955,000 $955,000 $3,378 4.75%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $855,000 $855,000 $3,352 3.63%
    Outside of Metro Areas 4 $850,000 $212,500 $869 3.84%
    NAPA, CA (FHA|USDA|VA) 1 $825,000 $825,000 $5,998 2.63%
    SALINAS, CA (FHA|USDA|VA) 1 $805,000 $805,000 $4,751 2.63%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $770,000 $385,000 $4,807 4.19%
    MADERA, CA (FHA|USDA|VA) 1 $535,000 $535,000 $3,246 3.63%
    Sonora, CA (FHA|USDA|VA) 2 $530,000 $265,000 $1,793 3.50%
    MERCED, CA (FHA|USDA|VA) 2 $420,000 $210,000 $3,140 3.44%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $405,000 $405,000 $2,705 3.63%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $340,000 $170,000 $3,105 6.13%
    MODESTO, CA (FHA|USDA|VA) 3 $315,000 $105,000 $1,399 5.13%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $315,000 $315,000 $2,954 3.75%
    Valley Strong Credit Union's top markets include Bakersfield, Los Angeles, Stockton, San Jose, and San Luis Obispo among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Nevada (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.

    AltaOne Federal Credit Union
    Similarity Rank: 49
    SAFE 1 CREDIT UNION
    Similarity Rank: 57
    Los Angeles Federal Credit Union
    Similarity Rank: 112
    STRATA Credit Union
    Similarity Rank: 222
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 236
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 324
    Educational Employees Credit Union
    Similarity Rank: 357
    LBS FINANCIAL
    Similarity Rank: 707
    PACIFIC HOME LOANS, INC.
    Similarity Rank: 712
    First City Credit Union
    Similarity Rank: 720

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,108 $265,070,000 $239,233 $2,998 4.52%

    For 2022, Valley Strong Credit Union's most frequently originated type of loan was Conventional, with 1,108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 333 $24,905,000 $74,790 $484 5.37%
    Home Purchase 262 $148,350,000 $566,221 $7,478 4.00%
    Cash Out Refi 245 $55,405,000 $226,143 $3,864 3.87%
    Other 157 $10,145,000 $64,618 $546 5.53%
    Refi 111 $26,265,000 $236,622 $2,845 3.22%

    For 2022, Valley Strong Credit Union's most frequently cited loan purpose was Home Improvement, with 333 originations. The 2nd most popular reason was Home Purchase, with 262 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 356 $157,880,000 $443,483 $5,136 3.72%
    10 Year 310 $23,930,000 $77,194 $603 4.67%
    15 Year 291 $43,265,000 $148,677 $1,333 4.80%
    20 Year 123 $14,545,000 $118,252 $1,555 5.76%
    30+ year 26 $22,540,000 $866,923 $22,703 4.78%
    5 Year 1 $2,005,000 $2,005,000 $0 3.50%
    Other 1 $905,000 $905,000 $0 4.99%

    For 2022, Valley Strong Credit Union's most frequently cited loan duration was 30 Year, with 356 originations. The 2nd most popular length was 10 Year, with 310 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 673 $111,965,000 $166,367
    $1k-2k 174 $56,010,000 $321,897
    $5k+ 74 $41,800,000 $564,865
    $2k-3k 47 $11,745,000 $249,894
    $3k-4k 31 $8,095,000 $261,129
    $4k-5k 27 $7,485,000 $277,222

    Valley Strong Credit Union's average total fees were $5,136, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 673 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 301 $97,125,000 $322,674
    4-5% 270 $52,340,000 $193,852
    5-6% 182 $27,460,000 $150,879
    2.5-3% 153 $63,685,000 $416,242
    6-7% 116 $11,960,000 $103,103
    <2.5% 50 $9,920,000 $198,400
    7-8% 36 $2,580,000 $71,667

    During 2022, Valley Strong Credit Union's average interest rate for loans was 3.72%, while their most frequently originated rate bucket for loans was 3-4%, with 301 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 482 $26,420,000 $54,813 $463 5.36%
    $100k-200k 238 $33,700,000 $141,597 $2,550 4.19%
    $200k-400k 201 $57,605,000 $286,592 $4,790 3.52%
    $400k-600k 81 $38,795,000 $478,951 $5,762 3.83%
    $600k-1MM 68 $50,900,000 $748,529 $9,942 3.89%
    $1MM+ 38 $57,650,000 $1,517,105 $12,956 3.88%

    2022 saw Valley Strong Credit Union place emphasis on $100,000 or less loans with 482 originations, totaling $26,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 288 $48,840,000 $169,583 $2,200 4.67%
    $150k-250k 215 $63,365,000 $294,721 $3,809 4.43%
    $75k-100k 200 $28,820,000 $144,100 $2,145 4.66%
    $50k-75k 172 $23,360,000 $135,814 $2,504 4.45%
    $50k or less 123 $13,315,000 $108,252 $2,433 4.49%
    $250k+ 100 $77,290,000 $772,900 $6,993 4.16%

    Valley Strong Credit Union lent most frequently to those with incomes in the $100k-150k range, with 288 originations. The second most popular income band? $150k-250k, with 215 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 181 $49,385,000 $272,845 $3,452 4.26%
    20-30% 178 $39,360,000 $221,124 $2,862 4.14%
    <20% 80 $26,900,000 $336,250 $3,642 4.31%
    49% 63 $12,065,000 $191,508 $3,004 4.90%
    46% 54 $10,300,000 $190,741 $1,779 4.98%
    44% 54 $7,390,000 $136,852 $2,494 4.49%
    48% 52 $7,490,000 $144,038 $1,673 5.43%
    47% 52 $9,990,000 $192,115 $2,217 4.98%
    43% 50 $11,960,000 $239,200 $3,169 4.40%
    37% 46 $9,870,000 $214,565 $2,790 4.45%
    41% 44 $11,020,000 $250,455 $4,427 4.47%
    39% 43 $10,615,000 $246,860 $3,457 4.57%
    38% 43 $14,075,000 $327,326 $3,990 4.17%
    45% 42 $8,240,000 $196,190 $2,838 4.93%
    40% 40 $8,060,000 $201,500 $2,629 4.70%
    36% 37 $10,445,000 $282,297 $3,117 4.51%
    42% 35 $6,075,000 $173,571 $2,965 4.90%
    50-60% 4 $1,750,000 $437,500 $2,789 4.28%

    Valley Strong Credit Union lent most frequently to those with DTI ratios of 30-36%, with 181 originations. The next most common DTI ratio? 20-30%, with 178 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 687 $142,315,000 $207,154 $2,533 4.44%
    Not provided 263 $62,415,000 $237,319 $4,288 4.76%
    Asian 64 $29,990,000 $468,594 $3,404 4.27%
    Black 47 $13,725,000 $292,021 $2,955 4.50%
    Not applicable 10 $10,080,000 $1,008,000 $0 4.82%
    American Indian 14 $2,790,000 $199,286 $3,046 4.57%
    Other Asian 6 $1,630,000 $271,667 $1,790 4.67%
    Asian Indian 3 $705,000 $235,000 $225 4.50%
    Filipino 5 $615,000 $123,000 $1,495 4.38%
    Native Hawaiian or Islander 6 $610,000 $101,667 $955 4.90%
    Other Pacific Islander 3 $195,000 $65,000 $333 5.17%

    Approval Rates

    Total approvals of all applications
    82.57%

    Valley Strong Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.35%

    Valley Strong Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,108 $265,070,000 $239,233

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,108 $265,070,000 $239,233

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 159 $17,285,000 $108,711 $1,158 4.91%
    40-60% 136 $34,200,000 $251,471 $3,509 3.48%
    60-80% 221 $87,315,000 $395,090 $5,965 3.61%
    80-100% 159 $101,175,000 $636,321 $8,089 3.88%
    Under 20% 433 $25,095,000 $57,956 $394 5.41%