Altaone Federal Credit Union Mortgage Rates, Fees & Info

Ridgecrest, CA

LEI: 549300AIZH87CMSYX861

Tax ID: 95-1658623

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
  • Complaints
  • 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

    Altaone Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Altaone Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bakersfield, Fresno, Chico, Santa Maria, and Los Angeles among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Altaone Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Altaone Federal 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.28% 4/28/24
    30 Year Conventional Refi 5.04% 4/28/24
    30 Year Cash-out Refi 5.36% 4/28/24
    15 Year Conventional Purchase 5.49% 4/28/24
    15 Year Conventional Refi 5.34% 4/28/24
    15 Year Cash-out Refi 5.34% 4/28/24
    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.

    Altaone Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Altaone Federal 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

    154

    Origination Dollar Volume (All Markets)

    $22,140,000

    Awards

    AltaOne Federal Credit Union 30 Year Conventional Loans gold
    Show all (1) 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) 129 $17,105,000 $132,597 $2,591 4.44%
    Outside of Metro Areas 16 $3,200,000 $200,000 $3,381 4.55%
    FRESNO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $2,855 4.38%
    CHICO, CA (FHA|USDA|VA) 1 $365,000 $365,000 $5,299 4.63%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $285,000 $285,000 $2,037 5.13%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $285,000 $285,000 $3,669 4.63%
    Clearlake, CA (FHA|USDA|VA) 1 $265,000 $265,000 $3,942 4.88%
    MADERA, CA (FHA|USDA|VA) 1 $125,000 $125,000 $4,232 4.63%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $90,000 $45,000 $1,963 4.19%
    VISALIA, CA (FHA|USDA|VA) 1 $35,000 $35,000 $777 4.38%
    Altaone Federal Credit Union's top markets include Bakersfield, Fresno, Chico, Santa Maria, and Los Angeles among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against AltaOne Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SAFE 1 CREDIT UNION
    Similarity Rank: 96
    AltaOne Federal Credit Union
    Similarity Rank: 220
    Resource Lenders Inc.
    Similarity Rank: 220
    VALLEY STRONG CREDIT UNION
    Similarity Rank: 396
    LOGIX FEDERAL CREDIT UNION
    Similarity Rank: 414
    Rabobank, N.A.
    Similarity Rank: 1408
    MUFG Union Bank
    Similarity Rank: 1752
    WALL FINANCIAL, INC.
    Similarity Rank: 1924
    CLEARPATH LENDING
    Similarity Rank: 2254
    POINT Mortgage
    Similarity Rank: 2375

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 154 $22,140,000 $143,766 $2,695 4.46%

    For 2018, Altaone Federal Credit Union's most frequently originated type of loan was Conventional, with 154 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 62 $11,130,000 $179,516 $3,359 4.55%
    Refi 46 $6,720,000 $146,087 $2,381 4.35%
    Cash Out Refi 43 $4,205,000 $97,791 $2,213 4.35%
    Other 3 $85,000 $28,333 $720 5.67%

    For 2018, Altaone Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 79 $15,335,000 $194,114 $3,022 4.74%
    10 Year 40 $3,560,000 $89,000 $2,039 3.85%
    15 Year 19 $1,695,000 $89,211 $2,686 4.48%
    20 Year 14 $1,480,000 $105,714 $2,974 4.76%
    5 Year 2 $70,000 $35,000 $1,056 3.13%

    For 2018, Altaone Federal Credit Union's most frequently cited loan duration was 30 Year, with 79 originations. The 2nd most popular length was 10 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 130 $18,090,000 $139,154
    $1k-2k 15 $2,295,000 $153,000
    $2k-3k 7 $1,245,000 $177,857
    $3k-4k 1 $155,000 $155,000
    $4k-5k 1 $355,000 $355,000

    Altaone Federal Credit Union's average total fees were $3,022, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 130 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 90 $14,730,000 $163,667
    5-6% 27 $3,235,000 $119,815
    3-4% 21 $2,345,000 $111,667
    2.5-3% 9 $1,485,000 $165,000
    6-7% 5 $135,000 $27,000
    <2.5% 2 $210,000 $105,000

    During 2018, Altaone Federal Credit Union's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 4-5%, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 67 $3,685,000 $55,000 $2,015 4.46%
    $100k-200k 54 $8,160,000 $151,111 $3,036 4.58%
    $200k-400k 27 $7,435,000 $275,370 $3,571 4.22%
    $400k-600k 5 $2,225,000 $445,000 $3,047 4.35%
    $600k-1MM 1 $635,000 $635,000 $4,507 4.38%

    2018 saw Altaone Federal Credit Union place emphasis on $100,000 or less loans with 67 originations, totaling $3,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $5,325,000 $129,878 $2,729 4.61%
    $50k or less 35 $2,865,000 $81,857 $2,354 4.55%
    $100k-150k 25 $2,875,000 $115,000 $2,315 4.38%
    $150k-250k 25 $6,545,000 $261,800 $3,333 4.09%
    $75k-100k 24 $3,190,000 $132,917 $2,737 4.61%
    $250k+ 4 $1,340,000 $335,000 $3,488 3.97%

    Altaone Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $50k or less, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 39 $5,215,000 $133,718 $2,265 4.26%
    30-36% 36 $5,310,000 $147,500 $2,820 4.59%
    <20% 14 $1,830,000 $130,714 $3,346 4.05%
    36% 9 $1,305,000 $145,000 $3,097 4.39%
    41% 9 $1,065,000 $118,333 $2,179 4.63%
    40% 8 $1,210,000 $151,250 $2,719 4.61%
    38% 6 $1,180,000 $196,667 $3,083 4.69%
    46% 6 $1,050,000 $175,000 $2,662 4.81%
    42% 5 $705,000 $141,000 $2,984 4.50%
    49% 4 $750,000 $187,500 $3,658 4.47%
    45% 4 $340,000 $85,000 $2,111 5.16%
    43% 3 $335,000 $111,667 $2,537 5.21%
    48% 3 $415,000 $138,333 $3,363 5.13%
    37% 3 $225,000 $75,000 $2,640 3.38%
    >60% 1 $185,000 $185,000 $1,459 4.50%
    44% 1 $25,000 $25,000 $1,125 3.13%
    47% 1 $635,000 $635,000 $4,507 4.38%
    50-60% 1 $175,000 $175,000 $1,592 4.38%
    39% 1 $185,000 $185,000 $2,387 4.88%

    Altaone Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 143 $20,495,000 $143,322 $2,702 4.46%
    Asian 3 $625,000 $208,333 $2,357 4.04%
    Black 4 $430,000 $107,500 $2,750 4.78%
    Not provided 1 $315,000 $315,000 $3,520 4.25%
    American Indian 3 $275,000 $91,667 $2,366 4.54%

    Approval Rates

    Total approvals of all applications
    77.34%

    Altaone Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    92.86%

    Altaone Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 154 $22,140,000 $143,766

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 31 $2,975,000 $95,968
    Single Family (1-4 Units):Site-Built 123 $19,165,000 $155,813

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $1,550,000 $59,615 $2,100 4.15%
    40-60% 23 $2,425,000 $105,435 $2,542 4.28%
    60-80% 53 $10,085,000 $190,283 $3,105 4.50%
    80-100% 39 $7,675,000 $196,795 $3,195 4.54%
    Under 20% 13 $405,000 $31,154 $990 4.96%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ALLIED MORTGAGE GROUP FHA mortgage Closing on a mortgage 1 100.0%