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 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.

    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% 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

    542

    Origination Dollar Volume (All Markets)

    $204,050,000

    Awards

    FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans gold FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans silver FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
    Show all (3) 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) 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%
    Foothill Federal Credit Union's top markets include Los Angeles, Riverside, Oxnard, 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.

    Chaffey Federal Credit Union
    Similarity Rank: 345
    ALTURA
    Similarity Rank: 628
    Christian Community Credit Union
    Similarity Rank: 716
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 1053
    FFC Mortgage Corp.
    Similarity Rank: 1428
    LA Financial Federal Credit Union
    Similarity Rank: 1677
    LONG BEACH FIREMEN S CREDIT UNION
    Similarity Rank: 1848
    SOUTHLAND CREDIT UNION
    Similarity Rank: 1974
    GLENDALE FEDERAL CREDIT UNION
    Similarity Rank: 2016
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 2282

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 282 $110,030,000 $390,177 $2,309 3.08%
    Refi 213 $77,935,000 $365,892 $2,452 2.95%
    Home Purchase 37 $15,605,000 $421,757 $4,282 3.08%
    Home Improvement 10 $480,000 $48,000 $621 5.28%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 378 $158,450,000 $419,180 $2,593 3.15%
    15 Year 100 $28,030,000 $280,300 $2,104 2.87%
    20 Year 38 $12,610,000 $331,842 $2,354 3.09%
    10 Year 19 $4,155,000 $218,684 $2,209 2.42%
    5 Year 4 $490,000 $122,500 $2,433 2.75%
    Other 3 $315,000 $105,000 $2,556 3.40%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 519 $195,855,000 $377,370
    $1k-2k 4 $1,360,000 $340,000
    $2k-3k 4 $1,600,000 $400,000
    $5k+ 4 $1,010,000 $252,500
    $3k-4k 3 $1,285,000 $428,333

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 244 $73,700,000 $302,049 $2,437 3.02%
    $400k-600k 146 $69,860,000 $478,493 $2,605 3.09%
    $100k-200k 78 $12,420,000 $159,231 $2,331 2.87%
    $600k-1MM 49 $34,685,000 $707,857 $2,628 3.08%
    $100,000 or less 15 $835,000 $55,667 $1,234 4.53%
    $1MM+ 10 $12,550,000 $1,255,000 $3,566 3.11%

    2020 saw Foothill Federal Credit Union place emphasis on $200k-400k loans with 244 originations, totaling $73,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 153 $52,505,000 $343,170 $2,494 3.06%
    $150k-250k 137 $60,055,000 $438,358 $2,446 3.06%
    $75k-100k 84 $27,420,000 $326,429 $2,483 3.23%
    $50k-75k 80 $20,610,000 $257,625 $2,395 3.04%
    $250k+ 63 $38,165,000 $605,794 $2,687 2.97%
    $50k or less 25 $5,295,000 $211,800 $2,134 2.95%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 165 $64,955,000 $393,667 $2,356 3.04%
    30-36% 103 $43,155,000 $418,981 $2,684 3.02%
    <20% 87 $30,925,000 $355,460 $2,557 2.88%
    39% 22 $8,370,000 $380,455 $2,427 3.37%
    37% 20 $5,660,000 $283,000 $2,216 3.17%
    36% 18 $6,680,000 $371,111 $2,363 3.25%
    42% 16 $5,870,000 $366,875 $2,923 3.34%
    43% 14 $4,790,000 $342,143 $2,469 3.32%
    40% 14 $5,660,000 $404,286 $2,777 3.34%
    46% 12 $4,230,000 $352,500 $2,156 3.34%
    49% 12 $4,340,000 $361,667 $2,799 2.99%
    45% 11 $3,435,000 $312,273 $2,384 2.99%
    44% 9 $3,165,000 $351,667 $2,453 2.93%
    48% 9 $3,215,000 $357,222 $2,276 3.11%
    47% 8 $2,380,000 $297,500 $2,317 2.98%
    38% 8 $2,470,000 $308,750 $2,065 3.02%
    41% 8 $3,110,000 $388,750 $2,233 3.16%
    50-60% 3 $1,045,000 $348,333 $2,046 3.29%
    >60% 1 $115,000 $115,000 $1,683 2.50%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 463 $177,635,000 $383,661 $2,495 3.05%
    Asian 44 $16,870,000 $383,409 $2,515 2.96%
    Not provided 21 $4,935,000 $235,000 $1,894 3.80%
    Black 7 $2,365,000 $337,857 $2,411 2.98%
    American Indian 4 $1,490,000 $372,500 $2,522 2.81%
    Native Hawaiian or Islander 2 $630,000 $315,000 $2,228 2.63%
    Not applicable 1 $125,000 $125,000 $2,333 2.88%

    Approval Rates

    Total approvals of all applications
    98.15%

    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 origination
    92.80%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 112 $28,150,000 $251,339 $2,277 2.87%
    40-60% 168 $61,640,000 $366,905 $2,441 2.98%
    60-80% 186 $88,060,000 $473,441 $2,510 3.15%
    80-100% 47 $23,005,000 $489,468 $3,213 3.14%
    Under 20% 29 $3,195,000 $110,172 $1,919 3.69%