Foothill Federal Credit Union Mortgage Rates, Fees & Info
Arcadia, CALEI: 549300HNJRM4GVCEUP46
Tax ID: 95-2131131
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Foothill Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Foothill Federal Credit Union has a high proportion of conventional loans. Their top markets include Los Angeles, Riverside, Oxnard, San Jose, and Santa Maria among others. Foothill Federal Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Foothill Federal Credit Union is typically a low fee lendor.Originations
471Origination Dollar Volume (All Markets)
$167,405,000Awards
FOOTHILL FEDERAL CREDIT UNION - 2021
FOOTHILL FEDERAL CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Foothill Federal Credit Union's average 30 year fixed rate mortgage of loans were
2.99%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.16%.
Relative Fees
Foothill Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $2,752.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 368 | $134,590,000 | $365,734 | $2,558 | 2.82% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 92 | $27,000,000 | $293,478 | $2,522 | 2.98% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $1,465,000 | $1,465,000 | $3,458 | 3.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $1,025,000 | $1,025,000 | $4,741 | 3.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $2,168 | 3.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,078 | 3.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $2,408 | 2.38% |
| REDDING, CA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,143 | 3.25% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,623 | 2.38% |
| Outside of Metro Areas | 1 | $295,000 | $295,000 | $3,806 | 2.75% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,992 | 2.88% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,853 | 2.50% |
Foothill Federal Credit Union's top markets include Los Angeles, Riverside, Oxnard, San Jose, and Santa Maria among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 471 | $167,405,000 | $355,425 | $2,565 | 2.86% |
For the 2021 period, Foothill Federal Credit Union's most frequently originated loan type of loans were Conventional, with 471 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 238 | $88,880,000 | $373,445 | $2,525 | 2.86% |
| Refi | 194 | $63,190,000 | $325,722 | $2,347 | 2.70% |
| Home Purchase | 29 | $14,695,000 | $506,724 | $4,855 | 3.06% |
| Home Improvement | 10 | $640,000 | $64,000 | $709 | 5.23% |
For the 2021, Foothill Federal Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 238 originations. The 2nd most popular reason of loans were Refi, with 194 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 301 | $123,525,000 | $410,382 | $2,752 | 2.99% |
| 15 Year | 85 | $21,325,000 | $250,882 | $2,137 | 2.68% |
| 10 Year | 49 | $10,205,000 | $208,265 | $2,300 | 2.31% |
| 20 Year | 36 | $12,350,000 | $343,056 | $2,349 | 2.86% |
For the 2021, Foothill Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 301 originations. The 2nd most popular length of loans were 15 Year, with 85 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 386 | $140,680,000 | $364,456 |
| $1k-2k | 49 | $16,345,000 | $333,571 |
| $2k-3k | 14 | $4,680,000 | $334,286 |
| $3k-4k | 4 | $1,440,000 | $360,000 |
| $5k+ | 4 | $1,910,000 | $477,500 |
$2,752 of loans were Foothill Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 386 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 226 | $81,790,000 | $361,903 |
| <2.5% | 128 | $38,600,000 | $301,563 |
| 3-4% | 107 | $46,375,000 | $433,411 |
| 5-6% | 7 | $335,000 | $47,857 |
| 4-5% | 3 | $305,000 | $101,667 |
During 2021, Foothill Federal Credit Union's average interest rate of loans were 2.99%, while their most frequently originated rate bucket of loans were 2.5-3%, with 226 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 225 | $68,825,000 | $305,889 | $2,450 | 2.81% |
| $400k-600k | 117 | $54,795,000 | $468,333 | $2,869 | 2.93% |
| $100k-200k | 74 | $10,770,000 | $145,541 | $2,221 | 2.62% |
| $600k-1MM | 30 | $22,420,000 | $747,333 | $3,310 | 2.95% |
| $100,000 or less | 17 | $985,000 | $57,941 | $1,569 | 3.73% |
| $1MM+ | 8 | $9,610,000 | $1,201,250 | $3,668 | 2.92% |
2021 saw Foothill Federal Credit Union place emphasis on $200k-400k loans with 225 originations, totaling $68,825,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 149 | $55,875,000 | $375,000 | $2,479 | 2.83% |
| $75k-100k | 99 | $31,155,000 | $314,697 | $2,560 | 2.83% |
| $150k-250k | 86 | $35,990,000 | $418,488 | $2,686 | 2.82% |
| $50k-75k | 70 | $18,540,000 | $264,857 | $2,364 | 2.97% |
| $50k or less | 38 | $6,070,000 | $159,737 | $2,389 | 2.97% |
| $250k+ | 29 | $19,775,000 | $681,897 | $3,389 | 2.79% |
Foothill Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 149 originations. The second most popular income band? $75k-100k, with 99 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 125 | $44,025,000 | $352,200 | $2,490 | 2.77% |
| 30-36% | 93 | $32,535,000 | $349,839 | $2,494 | 2.84% |
| <20% | 50 | $14,920,000 | $298,400 | $2,951 | 2.69% |
| 40% | 22 | $7,290,000 | $331,364 | $1,983 | 3.65% |
| 45% | 20 | $8,570,000 | $428,500 | $2,847 | 2.99% |
| 44% | 19 | $7,785,000 | $409,737 | $2,650 | 2.85% |
| 39% | 16 | $5,570,000 | $348,125 | $2,565 | 2.84% |
| 37% | 16 | $5,890,000 | $368,125 | $2,465 | 2.69% |
| 36% | 16 | $4,980,000 | $311,250 | $2,341 | 2.77% |
| 43% | 14 | $5,560,000 | $397,143 | $2,478 | 2.96% |
| 41% | 13 | $7,635,000 | $587,308 | $2,691 | 2.89% |
| 48% | 12 | $4,420,000 | $368,333 | $3,287 | 2.93% |
| 42% | 10 | $3,170,000 | $317,000 | $3,112 | 2.94% |
| 49% | 10 | $3,030,000 | $303,000 | $2,215 | 2.90% |
| 50-60% | 10 | $2,820,000 | $282,000 | $2,994 | 3.09% |
| 38% | 8 | $2,300,000 | $287,500 | $2,104 | 2.81% |
| 46% | 8 | $3,200,000 | $400,000 | $2,319 | 2.81% |
| 47% | 5 | $1,945,000 | $389,000 | $2,337 | 2.68% |
| >60% | 3 | $1,505,000 | $501,667 | $2,464 | 3.00% |
Foothill Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 125 originations. The next most common DTI ratio? 30-36%, with 93 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 383 | $135,905,000 | $354,843 | $2,593 | 2.85% |
| Not provided | 40 | $12,480,000 | $312,000 | $2,353 | 3.01% |
| Asian | 27 | $9,725,000 | $360,185 | $2,529 | 2.66% |
| Black | 9 | $3,595,000 | $399,444 | $2,362 | 2.93% |
| Filipino | 5 | $2,235,000 | $447,000 | $3,024 | 2.57% |
| Asian Indian | 1 | $1,355,000 | $1,355,000 | $3,258 | 2.38% |
| Other Asian | 2 | $920,000 | $460,000 | $2,126 | 2.94% |
| American Indian | 3 | $705,000 | $235,000 | $1,882 | 3.52% |
| Native Hawaiian | 1 | $485,000 | $485,000 | $2,423 | 2.38% |
Approval Rates
Total approvals of all applications95.51%
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 origination84.82%
Foothill Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 471 | $167,405,000 | $355,425 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 471 | $167,405,000 | $355,425 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 125 | $34,865,000 | $278,920 | $2,500 | 2.67% |
| 40-60% | 149 | $52,055,000 | $349,362 | $2,380 | 2.82% |
| 60-80% | 122 | $59,770,000 | $489,918 | $2,718 | 3.00% |
| 80-100% | 30 | $15,840,000 | $528,000 | $3,904 | 3.03% |
| Under 20% | 44 | $4,820,000 | $109,545 | $2,020 | 2.91% |
