Foothill Federal Credit Union Mortgage Rates, Fees & Info

Arcadia, CA

LEI: 549300HNJRM4GVCEUP46

Tax ID: 95-2131131

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
  • 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, San Diego, and San Luis Obispo 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 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 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 6.27% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 5.68% 12/16/24
    15 Year Cash-out Refi 5.68% 12/16/24
    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

    133

    Origination Dollar Volume (All Markets)

    $33,405,000

    Awards

    FOOTHILL 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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 113 $28,605,000 $253,142 $2,460 4.83%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 18 $3,700,000 $205,556 $2,438 4.77%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $755,000 $755,000 $5,649 4.75%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $345,000 $345,000 $4,723 5.13%
    Foothill Federal Credit Union's top markets include Los Angeles, Riverside, San Diego, and San Luis Obispo 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.

    FRONTWAVE
    Similarity Rank: 92
    LBS FINANCIAL
    Similarity Rank: 210
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515
    PASADENA SERVICE FEDERAL CREDIT UNION
    Similarity Rank: 612
    ALTA VISTA CREDIT UNION
    Similarity Rank: 612
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 732
    VENTURA COUNTY
    Similarity Rank: 781
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 816

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 133 $33,405,000 $251,165 $2,499 4.83%

    For 2018, Foothill Federal Credit Union's most frequently originated type of loan was Conventional, with 133 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 89 $20,755,000 $233,202 $1,981 4.74%
    Home Purchase 27 $10,055,000 $372,407 $5,062 5.05%
    Home Improvement 10 $540,000 $54,000 $348 5.35%
    Refi 6 $2,010,000 $335,000 $2,313 4.04%
    Other 1 $45,000 $45,000 $950 5.70%

    For 2018, Foothill Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 89 originations. The 2nd most popular reason was Home Purchase, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 71 $25,435,000 $358,239 $3,380 4.76%
    10 Year 26 $2,600,000 $100,000 $1,151 4.77%
    15 Year 25 $2,915,000 $116,600 $1,397 5.15%
    20 Year 9 $2,275,000 $252,778 $2,650 4.68%
    5 Year 1 $85,000 $85,000 $1,583 4.38%
    Other 1 $95,000 $95,000 $1,583 4.63%

    For 2018, Foothill Federal Credit Union's most frequently cited loan duration was 30 Year, with 71 originations. The 2nd most popular length was 10 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 59 $21,265,000 $360,424
    $1k-2k 13 $3,865,000 $297,308
    $2k-3k 8 $2,300,000 $287,500
    $3k-4k 4 $1,210,000 $302,500
    $4k-5k 1 $375,000 $375,000

    Foothill Federal Credit Union's average total fees were $3,380, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 59 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 79 $20,345,000 $257,532
    5-6% 39 $7,745,000 $198,590
    3-4% 9 $2,795,000 $310,556
    2.5-3% 3 $1,565,000 $521,667
    6-7% 3 $955,000 $318,333

    During 2018, Foothill Federal Credit Union's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 4-5%, with 79 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 52 $15,030,000 $289,038 $3,347 4.67%
    $100,000 or less 38 $2,180,000 $57,368 $904 5.13%
    $400k-600k 23 $11,225,000 $488,043 $3,170 4.70%
    $100k-200k 16 $2,280,000 $142,500 $2,190 4.76%
    $600k-1MM 4 $2,690,000 $672,500 $3,807 4.97%

    2018 saw Foothill Federal Credit Union place emphasis on $200k-400k loans with 52 originations, totaling $15,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $11,775,000 $287,195 $2,427 4.75%
    $75k-100k 28 $5,130,000 $183,214 $2,237 5.03%
    $150k-250k 26 $8,920,000 $343,077 $2,647 4.90%
    $50k-75k 17 $2,455,000 $144,412 $1,958 4.60%
    $50k or less 12 $1,940,000 $161,667 $2,330 4.79%
    $250k+ 9 $3,185,000 $353,889 $4,375 4.83%

    Foothill Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $75k-100k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $8,160,000 $240,000 $2,183 4.83%
    30-36% 27 $7,035,000 $260,556 $2,478 4.84%
    <20% 20 $2,900,000 $145,000 $1,862 4.90%
    41% 9 $3,255,000 $361,667 $3,603 5.16%
    >60% 6 $1,290,000 $215,000 $2,352 5.12%
    50-60% 6 $1,630,000 $271,667 $2,338 4.40%
    47% 5 $1,045,000 $209,000 $3,292 4.99%
    42% 5 $1,515,000 $303,000 $2,791 4.82%
    44% 4 $1,400,000 $350,000 $2,812 4.16%
    38% 3 $1,095,000 $365,000 $3,231 4.50%
    43% 3 $1,535,000 $511,667 $3,201 5.04%
    46% 2 $470,000 $235,000 $4,302 4.56%
    39% 2 $370,000 $185,000 $2,969 4.31%
    48% 2 $390,000 $195,000 $3,688 4.88%
    36% 2 $480,000 $240,000 $3,764 4.88%
    49% 1 $105,000 $105,000 $1,583 4.63%
    45% 1 $675,000 $675,000 $2,333 4.88%
    37% 1 $55,000 $55,000 $0 4.70%

    Foothill Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 104 $28,210,000 $271,250 $2,650 4.80%
    Asian 14 $3,620,000 $258,571 $2,827 4.54%
    Not provided 15 $1,575,000 $105,000 $1,165 5.25%

    Approval Rates

    Total approvals of all applications
    85.65%

    Foothill Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.66%

    Foothill Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 133 $33,405,000 $251,165

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $345,000 $345,000
    Single Family (1-4 Units):Site-Built 132 $33,060,000 $250,455

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $3,995,000 $210,263 $2,870 4.54%
    40-60% 30 $9,180,000 $306,000 $2,649 4.50%
    60-80% 26 $11,300,000 $434,615 $3,116 4.79%
    80-100% 16 $6,110,000 $381,875 $4,744 5.17%
    Under 20% 42 $2,820,000 $67,143 $953 5.08%