Foothill Federal Credit Union Mortgage Rates, Fees & Info

Arcadia, CA

LEI: 549300HNJRM4GVCEUP46

Tax ID: 95-2131131

5 stars - Updated: 11/17/24 - out of 5 stars, based on 17 reviews

Latest/2023 | 2022 Data | 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 Home Improvement 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, and Oxnard among others. We have data for 4 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 a below average pick rate when compared to similar lenders. Foothill Federal 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 relatively high 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 6.27% 11/17/24
    30 Year Conventional Refi 6.27% 11/17/24
    30 Year Cash-out Refi 6.27% 11/17/24
    15 Year Conventional Purchase 5.68% 11/17/24
    15 Year Conventional Refi 5.68% 11/17/24
    15 Year Cash-out Refi 5.68% 11/17/24
    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.

    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

    290

    Origination Dollar Volume (All Markets)

    $48,260,000

    Awards

    FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans gold FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (2) awards

    Relative Rate

    Foothill Federal Credit Union's average 30 year fixed mortgage rate was 6.66%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.18%.

    Relative Fees (Closing Costs)

    Foothill Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,877.

    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 $9,089.

    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) 206 $36,240,000 $175,922 $1,713 5.17%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 80 $11,530,000 $144,125 $2,056 5.41%
    Outside of Metro Areas 2 $370,000 $185,000 $4,317 7.13%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $120,000 $60,000 $550 4.87%
    Foothill Federal Credit Union's top markets include Los Angeles, Riverside, and Oxnard 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.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    LBS FINANCIAL
    Similarity Rank: 258
    Water and Power Community Credit Union
    Similarity Rank: 261
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 477
    ALTURA
    Similarity Rank: 560
    LA Financial Federal Credit Union
    Similarity Rank: 660
    FRONTWAVE
    Similarity Rank: 660
    I.L.W.U. CREDIT UNION
    Similarity Rank: 680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 147 $18,445,000 $125,476 n/a 3.38%
    Conventional 143 $29,815,000 $208,497 $1,847 7.16%

    For 2023, Foothill Federal Credit Union's most frequently originated type of loan was HELOC, with 147 originations. Their 2nd most popular type was Conventional, with 143 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 131 $15,085,000 $115,153 $510 4.61%
    Other 99 $9,595,000 $96,919 $545 5.40%
    Home Purchase 26 $16,260,000 $625,385 $5,231 6.71%
    Cash Out Refi 19 $5,865,000 $308,684 $3,033 6.66%
    Refi 15 $1,455,000 $97,000 $440 5.40%

    For 2023, Foothill Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 131 originations. The 2nd most popular reason was Other, with 99 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 225 $25,665,000 $114,067 $697 4.78%
    30 Year 36 $20,620,000 $572,778 $4,877 6.66%
    10 Year 28 $1,930,000 $68,929 $583 7.12%
    Other 1 $45,000 $45,000 $550 5.75%

    For 2023, Foothill Federal Credit Union's most frequently cited loan duration was 15 Year, with 225 originations. The 2nd most popular length was 30 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 115 $24,225,000 $210,652
    $2k-3k 4 $1,500,000 $375,000
    $1k-2k 3 $695,000 $231,667

    Foothill Federal Credit Union's average total fees were $4,877, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 115 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 139 $16,855,000 $121,259
    7-8% 70 $10,110,000 $144,429
    6-7% 36 $15,730,000 $436,944
    Over 8% 27 $3,215,000 $119,074
    5-6% 15 $2,255,000 $150,333
    4-5% 3 $95,000 $31,667

    During 2023, Foothill Federal Credit Union's average interest rate for loans was 6.66%, while their most frequently originated rate bucket for loans was 2.5-3%, with 139 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 135 $7,055,000 $52,259 $555 5.41%
    $100k-200k 87 $11,385,000 $130,862 $1,166 4.85%
    $200k-400k 41 $10,555,000 $257,439 $2,174 4.81%
    $600k-1MM 14 $11,530,000 $823,571 $5,983 6.71%
    $400k-600k 11 $5,725,000 $520,455 $4,890 5.88%
    $1MM+ 2 $2,010,000 $1,005,000 $7,578 6.13%

    2023 saw Foothill Federal Credit Union place emphasis on $100,000 or less loans with 135 originations, totaling $7,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 96 $20,330,000 $211,771 $2,670 4.95%
    $100k-150k 76 $9,580,000 $126,053 $1,044 5.27%
    $250k+ 33 $9,265,000 $280,758 $2,141 5.41%
    $50k or less 30 $4,540,000 $151,333 $1,520 5.54%
    $50k-75k 29 $2,275,000 $78,448 $1,642 5.53%
    $75k-100k 25 $2,245,000 $89,800 $2,109 5.36%

    Foothill Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 96 originations. The second most popular income band? $100k-150k, with 76 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 52 $7,970,000 $153,269 $1,261 5.72%
    30-36% 51 $6,655,000 $130,490 $1,818 4.83%
    50-60% 37 $4,235,000 $114,459 $1,430 6.12%
    41% 16 $5,160,000 $322,500 $4,179 5.51%
    43% 12 $3,080,000 $256,667 $3,735 4.24%
    <20% 12 $890,000 $74,167 $458 5.41%
    44% 12 $3,800,000 $316,667 $2,686 5.14%
    39% 12 $2,760,000 $230,000 $2,865 4.26%
    42% 10 $2,650,000 $265,000 $3,559 5.70%
    38% 10 $1,100,000 $110,000 $550 4.77%
    45% 10 $950,000 $95,000 $1,501 5.75%
    40% 9 $1,135,000 $126,111 $550 5.11%
    46% 7 $1,045,000 $149,286 $550 3.67%
    37% 7 $1,755,000 $250,714 $4,140 4.94%
    48% 6 $720,000 $120,000 $550 3.45%
    36% 6 $720,000 $120,000 $550 5.37%
    49% 5 $1,195,000 $239,000 $3,122 4.95%
    47% 4 $290,000 $72,500 $550 5.37%
    >60% 3 $685,000 $228,333 $0 5.41%

    Foothill Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 52 originations. The next most common DTI ratio? 30-36%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 178 $29,660,000 $166,629 $2,055 5.18%
    Not provided 75 $12,115,000 $161,533 $1,578 5.52%
    Asian 18 $2,720,000 $151,111 $481 4.97%
    Black 9 $2,175,000 $241,667 $2,709 5.61%
    American Indian 3 $1,075,000 $358,333 $4,408 5.33%
    Not applicable 3 $235,000 $78,333 $550 5.33%
    Filipino 3 $175,000 $58,333 $0 2.99%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 2.99%

    Approval Rates

    Total approvals of all applications
    91.18%

    Foothill Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.41%

    Foothill Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 290 $48,260,000 $166,414

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    290 $48,260,000 $166,414

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $11,750,000 $235,000 $1,735 5.11%
    40-60% 3 $965,000 $321,667 $2,894 4.16%
    60-80% 16 $12,300,000 $768,750 $6,205 6.55%
    80-100% 10 $6,010,000 $601,000 $4,739 6.63%
    Under 20% 211 $17,235,000 $81,682 $656 5.12%