Foothill Federal Credit Union Mortgage Rates, Fees & Info
Arcadia, CALEI: 549300HNJRM4GVCEUP46
Tax ID: 95-2131131
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Mortgage Data
Review & 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 by origination volume include: Los Angeles, Riverside, Oxnard, San Diego, and San Luis Obispo among others. We have data for 9 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.27% | 9/1/24 |
30 Year Conventional Refi | 6.27% | 9/1/24 |
30 Year Cash-out Refi | 6.27% | 9/1/24 |
15 Year Conventional Purchase | 5.68% | 9/1/24 |
15 Year Conventional Refi | 5.68% | 9/1/24 |
15 Year Cash-out Refi | 5.68% | 9/1/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
542Origination Dollar Volume (All Markets)
$204,050,000FOOTHILL FEDERAL CREDIT UNION - 2020
FOOTHILL FEDERAL CREDIT UNION is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 427 | $165,965,000 | $388,677 | $2,394 | 3.06% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 97 | $29,945,000 | $308,711 | $2,752 | 3.10% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 6 | $3,500,000 | $583,333 | $2,386 | 3.06% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $2,974 | 3.34% |
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $3,054 | 3.13% |
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $2,156 | 3.13% |
BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,755 | 2.94% |
Outside of Metro Areas | 1 | $425,000 | $425,000 | $4,736 | 3.00% |
MERCED, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,283 | 3.38% |
Their top states include:
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 542 | $204,050,000 | $376,476 | $2,470 | 3.07% |
For 2020, Foothill Federal Credit Union's most frequently originated type of loan was Conventional, with 542 originations.
Loan Reason
For 2020, Foothill Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 282 originations. The 2nd most popular reason was Refi, with 213 originations.
Loan Duration/Length
For 2020, Foothill Federal Credit Union's most frequently cited loan duration was 30 Year, with 378 originations. The 2nd most popular length was 15 Year, with 100 originations.
Origination Fees/Closing Costs
Foothill Federal Credit Union's average total fees were $2,593, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 519 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 264 | $104,430,000 | $395,568 |
3-4% | 194 | $76,200,000 | $392,784 |
<2.5% | 66 | $19,470,000 | $295,000 |
5-6% | 11 | $2,025,000 | $184,091 |
4-5% | 7 | $1,925,000 | $275,000 |
During 2020, Foothill Federal Credit Union's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 2.5-3%, with 264 originations.
Loan Sizing
2020 saw Foothill Federal Credit Union place emphasis on $200k-400k loans with 244 originations, totaling $73,700,000 in origination value.
Applicant Income
Foothill Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 153 originations. The second most popular income band? $150k-250k, with 137 originations.
Applicant Debt to Income Ratio
Foothill Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 165 originations. The next most common DTI ratio? 30-36%, with 103 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.15%
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 origination92.80%
Foothill Federal Credit Union has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 542 | $204,050,000 | $376,476 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Site-Built | 542 | $204,050,000 | $376,476 |