Families And Schools Together Federal Credit Union Mortgage Rates, Fees & Info

Hanford, CA

LEI: 549300I8D8TQDQWQAO82

Tax ID: 94-1284912

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

    Families And Schools Together Federal Credit Union is a smaller credit union specializing in Refi loans. Families And Schools Together Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Hanford, Visalia, Fresno, San Luis Obispo, and Madera among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Families And Schools Together 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. Families And Schools Together Federal Credit Union is typically an average 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 6.07% 11/22/24
    30 Year Conventional Refi 6.57% 11/22/24
    15 Year Conventional Purchase 5.56% 11/22/24
    15 Year Conventional Refi 5.96% 11/22/24
    15 Year Cash-out Refi 5.96% 11/22/24
    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.

    Families And Schools Together 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 Families And Schools Together 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

    97

    Origination Dollar Volume (All Markets)

    $16,305,000

    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
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 77 $12,155,000 $157,857 $2,785 3.76%
    VISALIA, CA (FHA|USDA|VA) 10 $1,970,000 $197,000 $3,770 3.66%
    FRESNO, CA (FHA|USDA|VA) 7 $1,525,000 $217,857 $3,720 3.02%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $505,000 $505,000 $2,546 2.75%
    MADERA, CA (FHA|USDA|VA) 1 $75,000 $75,000 $575 4.99%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $75,000 $75,000 $2,728 3.99%
    Families And Schools Together Federal Credit Union's top markets include Hanford, Visalia, Fresno, San Luis Obispo, and Madera among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FAMILIES AND SCHOOLS TOGETHER FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FAMILIES AND SCHOOLS TOGETHER FEDERAL CREDIT UNION
    Similarity Rank: 300
    MUFG Union Bank
    Similarity Rank: 516
    THE GOLDEN 1
    Similarity Rank: 1085
    KINGS MORTGAGE SERVICES, INC.
    Similarity Rank: 1232
    COUNTRY CLUB MORTGAGE, INC.
    Similarity Rank: 2070
    ALAMEDA MORTGAGE CORPORATION
    Similarity Rank: 3120
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 3344
    Lakeview Community Capital, LLC
    Similarity Rank: 3520
    CLEARPATH LENDING
    Similarity Rank: 4200
    NBH Bank
    Similarity Rank: 7533

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 87 $15,545,000 $178,678 $2,912 3.71%
    HELOC 10 $760,000 $76,000 n/a 3.63%

    For 2021, Families And Schools Together Federal Credit Union's most frequently originated type of loan was Conventional, with 87 originations. Their 2nd most popular type was HELOC, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 59 $12,215,000 $207,034 $3,398 3.42%
    Home Improvement 27 $1,635,000 $60,556 $842 4.21%
    Home Purchase 6 $2,120,000 $353,333 $5,844 3.16%
    Other 4 $230,000 $57,500 $880 5.24%
    Cash Out Refi 1 $105,000 $105,000 $2,505 3.99%

    For 2021, Families And Schools Together Federal Credit Union's most frequently cited loan purpose was Refi, with 59 originations. The 2nd most popular reason was Home Improvement, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 26 $2,320,000 $89,231 $1,197 4.34%
    30 Year 22 $7,020,000 $319,091 $5,161 3.29%
    15 Year 16 $2,710,000 $169,375 $3,443 3.18%
    10 Year 13 $1,455,000 $111,923 $2,400 3.17%
    5 Year 12 $370,000 $30,833 $394 4.80%
    20 Year 8 $2,430,000 $303,750 $3,697 3.00%

    For 2021, Families And Schools Together Federal Credit Union's most frequently cited loan duration was Other, with 26 originations. The 2nd most popular length was 30 Year, with 22 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 32 $2,930,000 $91,563
    $1k-2k 22 $2,780,000 $126,364
    $2k-3k 12 $2,560,000 $213,333
    $3k-4k 11 $2,645,000 $240,455
    $4k-5k 5 $1,695,000 $339,000
    $5k+ 5 $2,935,000 $587,000

    Families And Schools Together Federal Credit Union's average total fees were $5,161, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 41 $8,475,000 $206,707
    4-5% 22 $940,000 $42,727
    2.5-3% 19 $4,035,000 $212,368
    <2.5% 9 $2,525,000 $280,556
    6-7% 3 $145,000 $48,333
    Over 8% 1 $85,000 $85,000
    5-6% 1 $45,000 $45,000
    7-8% 1 $55,000 $55,000

    During 2021, Families And Schools Together Federal Credit Union's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 41 $2,095,000 $51,098 $1,028 4.44%
    $200k-400k 25 $6,795,000 $271,800 $4,406 3.05%
    $100k-200k 24 $3,340,000 $139,167 $2,930 3.27%
    $400k-600k 5 $2,485,000 $497,000 $5,525 3.10%
    $600k-1MM 2 $1,590,000 $795,000 $10,268 3.50%

    2021 saw Families And Schools Together Federal Credit Union place emphasis on $100,000 or less loans with 41 originations, totaling $2,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 26 $4,280,000 $164,615 $3,017 3.74%
    $150k-250k 24 $4,740,000 $197,500 $2,673 3.85%
    $75k-100k 15 $1,655,000 $110,333 $2,511 3.39%
    $50k-75k 12 $1,350,000 $112,500 $2,719 3.66%
    $50k or less 12 $2,040,000 $170,000 $2,841 3.84%
    $250k+ 7 $2,165,000 $309,286 $4,415 3.50%

    Families And Schools Together Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $150k-250k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 27 $5,345,000 $197,963 $3,468 3.70%
    <20% 17 $2,325,000 $136,765 $2,374 3.66%
    30-36% 12 $1,800,000 $150,000 $2,720 3.49%
    42% 6 $560,000 $93,333 $2,194 4.18%
    39% 6 $1,260,000 $210,000 $3,221 3.27%
    41% 5 $865,000 $173,000 $3,129 3.95%
    43% 5 $315,000 $63,000 $1,485 4.04%
    37% 4 $1,170,000 $292,500 $5,371 3.72%
    38% 2 $250,000 $125,000 $2,145 4.18%
    40% 2 $540,000 $270,000 $4,392 3.51%
    48% 2 $240,000 $120,000 $1,671 3.99%
    44% 1 $65,000 $65,000 $1,869 3.00%
    45% 1 $505,000 $505,000 $2,546 2.75%
    46% 1 $155,000 $155,000 $4,412 2.75%
    47% 1 $35,000 $35,000 $465 4.99%
    >60% 1 $415,000 $415,000 $5,933 3.87%
    50-60% 1 $215,000 $215,000 $3,555 2.99%
    36% 1 $35,000 $35,000 $0 4.50%

    Families And Schools Together Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 27 originations. The next most common DTI ratio? <20%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $14,890,000 $173,140 $2,985 3.69%
    Not provided 6 $1,070,000 $178,333 $3,000 3.52%
    Black 2 $180,000 $90,000 $2,207 3.19%
    Not applicable 1 $75,000 $75,000 $2,728 3.99%
    American Indian 1 $55,000 $55,000 $865 6.24%
    Asian 1 $35,000 $35,000 $415 4.24%

    Approval Rates

    Total approvals of all applications
    84.69%

    Families And Schools Together Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.32%

    Families And Schools Together Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 97 $16,305,000 $168,093

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    97 $16,305,000 $168,093

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $2,620,000 $145,556 $2,203 3.48%
    40-60% 17 $2,125,000 $125,000 $2,646 3.42%
    60-80% 24 $6,930,000 $288,750 $4,251 3.37%
    80-100% 11 $3,475,000 $315,909 $5,496 3.28%
    Under 20% 27 $1,155,000 $42,778 $639 4.49%