Toyota Financial Savings Bank Mortgage Rates, Fees & Info
Henderson, NVLEI: 5493008SP1FN4D81IS17
Tax ID: 20-1170539
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Mortgage Data
Review & Overview
Toyota Financial Savings Bank is a smaller bank specializing in Home Purchase loans. Toyota Financial Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Los Angeles, Barnstable Town, New York, and Greensboro among others. We have data for 108 markets. (Some data included below & more in-depth data is available with an active subscription.)Toyota Financial Savings Bank 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. Toyota Financial Savings Bank 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.75% | 4/5/25 |
| 30 Year Conventional Refi | 6.93% | 4/5/25 |
| 30 Year Cash-out Refi | 6.86% | 4/5/25 |
| 15 Year Conventional Purchase | 6.39% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 6.00% | 4/5/25 |
| 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. | ||
Toyota Financial Savings Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Toyota Financial Savings Bank. 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
351Origination Dollar Volume (All Markets)
$246,145,000Awards
Toyota Financial Savings Bank - 2024
Toyota Financial Savings Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Toyota Financial Savings Bank's average 30 year fixed mortgage rate was
6.95%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.4%.
Relative Fees (Closing Costs)
Toyota Financial Savings Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,340.
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 $8,356.
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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 50 | $24,430,000 | $488,600 | $6,523 | 6.70% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 20 | $19,470,000 | $973,500 | $3,019 | 7.73% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $18,875,000 | $6,291,667 | $10,685 | 7.24% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 18 | $14,020,000 | $778,889 | $6,538 | 6.53% |
| Outside of Metro Areas | 20 | $10,480,000 | $524,000 | $4,552 | 6.81% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 30 | $9,320,000 | $310,667 | $3,206 | 6.52% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 6 | $8,710,000 | $1,451,667 | $3,687 | 7.14% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $8,580,000 | $858,000 | $6,134 | 6.87% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 14 | $7,980,000 | $570,000 | $5,458 | 6.84% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $7,540,000 | $1,885,000 | $7,491 | 7.24% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 12 | $6,040,000 | $503,333 | $2,052 | 7.80% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $6,010,000 | $3,005,000 | $9,595 | 7.36% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $5,975,000 | $5,975,000 | $12,939 | 6.95% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $5,930,000 | $1,482,500 | $8,097 | 7.19% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 8 | $4,800,000 | $600,000 | $7,973 | 6.31% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $4,670,000 | $1,167,500 | $16,362 | 6.49% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $4,220,000 | $1,055,000 | $9,193 | 6.64% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $23,645 | 7.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $3,430,000 | $1,715,000 | $5,922 | 7.03% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $3,290,000 | $1,645,000 | $22,065 | 6.25% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 5 | $2,785,000 | $557,000 | $4,093 | 7.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $2,755,000 | $918,333 | $7,493 | 6.69% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $2,345,000 | $2,345,000 | $2,595 | 6.95% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $2,095,000 | $698,333 | $0 | 8.03% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $2,030,000 | $1,015,000 | $11,101 | 6.60% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,845,000 | $615,000 | $5,901 | 7.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,675,000 | $558,333 | $3,050 | 6.60% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $1,630,000 | $815,000 | $5,331 | 6.63% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 7.33% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $1,475,000 | $295,000 | $3,936 | 6.93% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $2,210 | 6.84% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $1,445,000 | $1,445,000 | $7,382 | 6.63% |
| BURLINGTON, NC (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $2,804 | 6.43% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $3,525 | 7.12% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $4,202 | 6.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $6,448 | 7.33% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $4,820 | 6.18% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,310,000 | $655,000 | $5,369 | 6.38% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $3,245 | 6.26% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $3,613 | 6.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $6,499 | 6.12% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 7.75% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $2,683 | 7.19% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $7,976 | 6.50% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $2,533 | 7.35% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $8,712 | 6.95% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $6,020 | 6.25% |
| Olean, NY (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $8,850 | 6.38% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $5,725 | 7.20% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $4,706 | 7.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $6,518 | 6.75% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $4,172 | 6.96% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $7,378 | 7.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $4,058 | 7.06% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $6,521 | 7.16% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $3,390 | 6.95% |
| Juneau, AK (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $3,958 | 6.83% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $4,265 | 6.19% |
| Key West, FL (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $7,610 | 7.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $4,405 | 7.08% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $5,810 | 7.30% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $6,789 | 6.43% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $4,385 | 7.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $683 | 7.08% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $5,684 | 7.13% |
| Payson, AZ (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $5,847 | 6.95% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $3,480 | 6.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,312 | 6.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,779 | 7.38% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,999 | 6.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,785 | 6.13% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,860 | 5.88% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,815 | 6.68% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $83 | 8.93% |
| Frankfort, KY (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,520 | 6.73% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,925 | 6.95% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,417 | 6.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,383 | 6.63% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,240 | 6.83% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,137 | 6.88% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,223 | 6.88% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,206 | 7.33% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,803 | 7.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,299 | 6.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,431 | 6.38% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 7.10% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,310 | 6.68% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 8.35% |
| TYLER, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,779 | 6.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 7.63% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,550 | 6.08% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,024 | 6.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,886 | 6.83% |
| Adrian, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,849 | 6.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 7.56% |
| Marion, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,928 | 6.68% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,004 | 7.05% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.58% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,009 | 6.13% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.38% |
| Berlin, NH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,608 | 7.13% |
| READING, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.35% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.35% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.85% |
| Pierre, SD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.35% |
| Marion, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.85% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.35% |
| Durango, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.10% |
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We use machine learning to identify the top lenders compared against Toyota Financial Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 351 | $246,145,000 | $701,268 | $5,293 | 6.92% |
For 2024, Toyota Financial Savings Bank's most frequently originated type of loan was Conventional, with 351 originations.
Loan Reason
For 2024, Toyota Financial Savings Bank's most frequently cited loan purpose was Home Purchase, with 256 originations. The 2nd most popular reason was Other, with 49 originations.
Loan Duration/Length
For 2024, Toyota Financial Savings Bank's most frequently cited loan duration was 30 Year, with 333 originations. The 2nd most popular length was 15 Year, with 10 originations.
Origination Fees/Closing Costs
Toyota Financial Savings Bank's average total fees were $5,340, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 116 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 194 | $162,420,000 | $837,216 |
| 7-8% | 85 | $53,435,000 | $628,647 |
| Over 8% | 37 | $9,285,000 | $250,946 |
| 5-6% | 34 | $18,480,000 | $543,529 |
| 2.5-3% | 1 | $2,525,000 | $2,525,000 |
During 2024, Toyota Financial Savings Bank's average interest rate for loans was 6.95%, while their most frequently originated rate bucket for loans was 6-7%, with 194 originations.
Loan Sizing
2024 saw Toyota Financial Savings Bank place emphasis on $200k-400k loans with 110 originations, totaling $33,650,000 in origination value.
Applicant Income
Toyota Financial Savings Bank lent most frequently to those with incomes in the $250k+ range, with 200 originations. The second most popular income band? $150k-250k, with 82 originations.
Applicant Debt to Income Ratio
Toyota Financial Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 93 originations. The next most common DTI ratio? 30-36%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.67%
Toyota Financial Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.05%
Toyota Financial Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 351 | $246,145,000 | $701,268 |