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 Cash Out Refi, Home Purchase, and Refi loans. Altaone Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bakersfield, Riverside, Santa Maria, Sacramento, and Visalia among others. We have data for 6 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 above 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

    161

    Origination Dollar Volume (All Markets)

    $33,625,000

    Awards

    AltaOne Federal Credit Union 30 Year Conventional Loans bronze
    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) 138 $27,270,000 $197,609 $3,784 3.08%
    Outside of Metro Areas 16 $4,480,000 $280,000 $4,497 3.05%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $980,000 $245,000 $3,292 2.97%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $405,000 $405,000 $4,742 3.13%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $315,000 $315,000 $3,897 2.75%
    VISALIA, CA (FHA|USDA|VA) 1 $175,000 $175,000 $4,561 2.88%
    Altaone Federal Credit Union's top markets include Bakersfield, Riverside, Santa Maria, Sacramento, and Visalia 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.

    STRATA Credit Union
    Similarity Rank: 195
    SAFE 1 CREDIT UNION
    Similarity Rank: 393
    AltaOne Federal Credit Union
    Similarity Rank: 444
    KINGS MORTGAGE SERVICES, INC.
    Similarity Rank: 1316
    CUSTOMER SERVICE MORTGAGE CORPORATION
    Similarity Rank: 1650
    SCHOOLSFIRST
    Similarity Rank: 1947
    VALLEY STRONG CREDIT UNION
    Similarity Rank: 1950
    COUNTRY CLUB MORTGAGE, INC.
    Similarity Rank: 2254
    General Mortgage Capital Corporation
    Similarity Rank: 2883
    LOGIX FEDERAL CREDIT UNION
    Similarity Rank: 3074

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 161 $33,625,000 $208,851 $3,854 3.08%

    For 2021, Altaone Federal Credit Union's most frequently originated type of loan was Conventional, with 161 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 83 $18,925,000 $228,012 $3,629 3.09%
    Home Purchase 39 $7,895,000 $202,436 $4,477 3.07%
    Refi 38 $6,780,000 $178,421 $3,734 3.01%
    Other 1 $25,000 $25,000 $2,591 4.25%

    For 2021, Altaone Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 83 originations. The 2nd most popular reason was Home Purchase, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 115 $26,565,000 $231,000 $3,939 3.11%
    15 Year 23 $2,875,000 $125,000 $3,896 2.82%
    20 Year 20 $3,920,000 $196,000 $3,758 3.06%
    10 Year 2 $70,000 $35,000 $1,428 4.63%
    Other 1 $195,000 $195,000 $0 2.63%

    For 2021, Altaone Federal Credit Union's most frequently cited loan duration was 30 Year, with 115 originations. The 2nd most popular length was 15 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 112 $24,430,000 $218,125
    $<1k 34 $7,120,000 $209,412
    $3k-4k 8 $1,200,000 $150,000
    $2k-3k 5 $385,000 $77,000
    $4k-5k 1 $195,000 $195,000

    Altaone Federal Credit Union's average total fees were $3,939, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 112 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 90 $19,550,000 $217,222
    2.5-3% 68 $13,780,000 $202,647
    4-5% 3 $295,000 $98,333

    During 2021, Altaone Federal Credit Union's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 64 $9,400,000 $146,875 $3,954 3.04%
    $200k-400k 58 $16,180,000 $278,966 $3,795 3.09%
    $100,000 or less 25 $1,645,000 $65,800 $3,375 3.12%
    $400k-600k 14 $6,400,000 $457,143 $4,498 3.07%

    2021 saw Altaone Federal Credit Union place emphasis on $100k-200k loans with 64 originations, totaling $9,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 47 $11,015,000 $234,362 $4,090 3.09%
    $50k or less 31 $3,625,000 $116,935 $3,812 3.06%
    $75k-100k 30 $6,320,000 $210,667 $3,296 3.08%
    $50k-75k 28 $5,070,000 $181,071 $3,911 3.07%
    $150k-250k 21 $6,355,000 $302,619 $3,947 3.10%
    $250k+ 4 $1,240,000 $310,000 $4,577 2.97%

    Altaone Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 47 originations. The second most popular income band? $50k or less, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 48 $10,930,000 $227,708 $3,668 3.09%
    30-36% 28 $6,040,000 $215,714 $3,867 3.08%
    <20% 23 $3,625,000 $157,609 $4,036 3.06%
    42% 9 $1,845,000 $205,000 $3,213 3.01%
    43% 8 $1,770,000 $221,250 $3,763 3.08%
    38% 7 $1,685,000 $240,714 $3,069 3.32%
    37% 6 $1,340,000 $223,333 $4,828 2.94%
    41% 6 $1,000,000 $166,667 $4,456 2.92%
    39% 5 $725,000 $145,000 $3,801 3.03%
    46% 5 $745,000 $149,000 $4,194 3.08%
    44% 4 $1,430,000 $357,500 $3,970 3.03%
    40% 4 $1,070,000 $267,500 $3,426 3.09%
    36% 2 $210,000 $105,000 $3,934 3.13%
    50-60% 2 $350,000 $175,000 $4,447 3.13%
    45% 1 $405,000 $405,000 $4,742 3.13%
    47% 1 $125,000 $125,000 $4,221 3.13%
    48% 1 $175,000 $175,000 $4,561 2.88%
    >60% 1 $155,000 $155,000 $6,881 3.50%

    Altaone Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 48 originations. The next most common DTI ratio? 30-36%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 142 $28,950,000 $203,873 $3,738 3.08%
    Black 7 $1,525,000 $217,857 $4,535 3.16%
    American Indian 5 $1,185,000 $237,000 $4,628 2.98%
    Asian Indian 3 $1,095,000 $365,000 $5,215 3.04%
    Asian 3 $665,000 $221,667 $5,221 3.00%
    Native Hawaiian or Islander 1 $205,000 $205,000 $3,390 3.13%

    Approval Rates

    Total approvals of all applications
    88.27%

    Altaone Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.27%

    Altaone Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 161 $33,625,000 $208,851

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    161 $33,625,000 $208,851

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $875,000 $125,000 $3,376 2.91%
    40-60% 14 $1,890,000 $135,000 $3,130 2.99%
    60-80% 67 $14,435,000 $215,448 $3,714 3.05%
    80-100% 44 $10,810,000 $245,682 $4,001 3.06%
    Under 20% 5 $225,000 $45,000 $2,932 3.58%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    ALLIED MORTGAGE GROUP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    ALLIED MORTGAGE GROUP Conventional home mortgage Trouble during payment process 2 40.0%
    ALLIED MORTGAGE GROUP FHA mortgage Trouble during payment process 2 40.0%