Foothill Federal Credit Union Mortgage Rates, Fees & Info

Arcadia, CA

LEI: 549300HNJRM4GVCEUP46

Tax ID: 95-2131131

5 stars - out of 5 stars, based on 13 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Foothill Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Foothill Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Oxnard, San Francisco, and San Diego among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

    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 6.27% 5/27/23
    30 Year Conventional Refi 6.27% 5/27/23
    30 Year Cash-out Refi 6.27% 5/27/23
    15 Year Conventional Purchase 5.68% 5/27/23
    15 Year Conventional Refi 5.68% 5/27/23
    15 Year Cash-out Refi 5.68% 5/27/23
    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.

    Foothill 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 Foothill 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

    173

    Origination Dollar Volume (All Markets)

    $56,585,000

    Awards

    FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans gold FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans gold FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans bronze FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
    Show all (4) awards

    Relative Rate

    Foothill Federal Credit Union's average 30 year fixed mortgage rate was 3.85%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.91%.

    Relative Fees (Closing Costs)

    Foothill Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,520.

    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 $4,750.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 128 $45,910,000 $358,672 $2,335 4.16%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 41 $9,495,000 $231,585 $2,118 4.96%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $605,000 $605,000 $3,392 3.88%
    Outside of Metro Areas 1 $345,000 $345,000 $6,528 5.25%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $205,000 $205,000 $675 5.70%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $25,000 $25,000 $435 3.75%
    Foothill Federal Credit Union's top markets include Los Angeles, Riverside, Oxnard, San Francisco, and San Diego among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FOOTHILL FEDERAL CREDIT UNION 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 173 $56,585,000 $327,081 $2,293 4.36%

    For 2022, Foothill Federal Credit Union's most frequently originated type of loan was Conventional, with 173 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 71 $31,445,000 $442,887 $2,755 3.65%
    Home Improvement 66 $5,690,000 $86,212 $565 5.41%
    Home Purchase 20 $14,260,000 $713,000 $6,349 4.38%
    Refi 16 $5,190,000 $324,375 $2,332 3.14%

    For 2022, Foothill Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 71 originations. The 2nd most popular reason was Home Improvement, with 66 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 90 $45,270,000 $503,000 $3,520 3.85%
    15 Year 60 $7,980,000 $133,000 $887 5.20%
    10 Year 18 $2,150,000 $119,444 $855 4.24%
    20 Year 4 $1,050,000 $262,500 $2,334 3.50%
    Other 1 $135,000 $135,000 $550 5.70%

    For 2022, Foothill Federal Credit Union's most frequently cited loan duration was 30 Year, with 90 originations. The 2nd most popular length was 15 Year, with 60 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 71 $36,685,000 $516,690
    $1k-2k 14 $4,780,000 $341,429
    $2k-3k 4 $1,840,000 $460,000
    $5k+ 3 $1,415,000 $471,667
    $3k-4k 1 $395,000 $395,000

    Foothill Federal Credit Union's average total fees were $3,520, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 71 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 55 $22,955,000 $417,364
    5-6% 44 $7,670,000 $174,318
    4-5% 22 $4,890,000 $222,273
    <2.5% 18 $10,360,000 $575,556
    2.5-3% 16 $6,730,000 $420,625
    6-7% 12 $3,080,000 $256,667
    7-8% 5 $825,000 $165,000
    Over 8% 1 $75,000 $75,000

    During 2022, Foothill Federal Credit Union's average interest rate for loans was 3.85%, while their most frequently originated rate bucket for loans was 3-4%, with 55 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $2,685,000 $54,796 $591 5.14%
    $200k-400k 40 $11,740,000 $293,500 $2,607 4.18%
    $400k-600k 32 $15,860,000 $495,625 $3,371 3.70%
    $100k-200k 25 $3,345,000 $133,800 $1,346 4.97%
    $600k-1MM 21 $15,335,000 $730,238 $3,846 3.53%
    $1MM+ 6 $7,620,000 $1,270,000 $6,586 3.17%

    2022 saw Foothill Federal Credit Union place emphasis on $100,000 or less loans with 49 originations, totaling $2,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 51 $20,375,000 $399,510 $2,466 4.51%
    $100k-150k 46 $14,080,000 $306,087 $2,196 4.38%
    $75k-100k 24 $5,060,000 $210,833 $1,485 4.13%
    $50k-75k 20 $3,580,000 $179,000 $1,971 4.77%
    $250k+ 18 $11,150,000 $619,444 $3,852 3.82%
    $50k or less 14 $2,340,000 $167,143 $1,790 4.25%

    Foothill Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 51 originations. The second most popular income band? $100k-150k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 32 $10,120,000 $316,250 $2,310 3.91%
    20-30% 30 $9,140,000 $304,667 $2,120 4.58%
    50-60% 17 $3,445,000 $202,647 $1,191 5.16%
    <20% 13 $1,755,000 $135,000 $2,276 4.36%
    36% 10 $2,260,000 $226,000 $1,773 5.11%
    43% 8 $3,430,000 $428,750 $2,945 3.92%
    44% 8 $4,770,000 $596,250 $4,055 3.76%
    37% 6 $2,180,000 $363,333 $1,387 4.18%
    38% 6 $2,480,000 $413,333 $2,267 2.83%
    42% 5 $1,785,000 $357,000 $3,594 4.89%
    46% 5 $2,105,000 $421,000 $2,144 4.26%
    48% 5 $2,345,000 $469,000 $3,270 4.77%
    49% 4 $1,770,000 $442,500 $2,816 4.21%
    39% 4 $1,530,000 $382,500 $1,840 4.46%
    47% 4 $1,260,000 $315,000 $3,676 4.50%
    45% 4 $1,040,000 $260,000 $2,166 4.24%
    >60% 3 $375,000 $125,000 $683 6.05%
    41% 3 $2,195,000 $731,667 $2,538 3.33%
    40% 3 $2,135,000 $711,667 $5,144 3.04%

    Foothill Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 32 originations. The next most common DTI ratio? 20-30%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 105 $43,015,000 $409,667 $2,918 4.08%
    Not provided 50 $8,290,000 $165,800 $1,019 4.84%
    Asian 11 $2,645,000 $240,455 $1,902 4.19%
    Black 4 $1,390,000 $347,500 $2,243 5.44%
    Filipino 1 $965,000 $965,000 $7,091 5.25%
    Other Asian 1 $255,000 $255,000 $2,533 4.13%
    Other Pacific Islander 1 $25,000 $25,000 $550 7.25%

    Approval Rates

    Total approvals of all applications
    97.84%

    Foothill Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.53%

    Foothill 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 173 $56,585,000 $327,081

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    173 $56,585,000 $327,081

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $6,810,000 $309,545 $1,926 4.39%
    40-60% 32 $13,540,000 $423,125 $3,041 3.52%
    60-80% 33 $20,965,000 $635,303 $3,894 3.52%
    80-100% 12 $8,690,000 $724,167 $5,095 4.60%
    Under 20% 72 $6,500,000 $90,278 $903 5.08%