Foothill Federal Credit Union Mortgage Rates, Fees & Info

Arcadia, CA

LEI: 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 Jose, and Santa Maria among others. We have data for 12 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.27% 3/28/24
30 Year Conventional Refi 6.27% 3/28/24
30 Year Cash-out Refi 6.27% 3/28/24
15 Year Conventional Purchase 5.68% 3/28/24
15 Year Conventional Refi 5.68% 3/28/24
15 Year Cash-out Refi 5.68% 3/28/24
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

471

Origination Dollar Volume (All Markets)

$167,405,000

Awards

FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans gold FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans gold FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans bronze FOOTHILL FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
Show all (4) 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) 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.

Their top states include:
  • California (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 471 $167,405,000 $355,425 $2,565 2.86%

    For 2021, Foothill Federal Credit Union's most frequently originated type of loan was Conventional, with 471 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Foothill Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 238 originations. The 2nd most popular reason was 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 2021, Foothill Federal Credit Union's most frequently cited loan duration was 30 Year, with 301 originations. The 2nd most popular length was 15 Year, with 85 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $5k+ 4 $1,910,000 $477,500
    $3k-4k 3 $1,095,000 $365,000
    $4k-5k 1 $345,000 $345,000

    Foothill Federal Credit Union's average total fees were $2,752, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.99%, while their most frequently originated rate bucket for loans was 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 or Islander 1 $485,000 $485,000 $2,423 2.38%

    Approval Rates

    Total approvals of all applications
    98.70%

    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
    90.87%

    Foothill Federal Credit Union has an 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%