Families And Schools Together Federal Credit Union Mortgage Rates, Fees & Info
Hanford, CALEI: 549300I8D8TQDQWQAO82
Tax ID: 94-1284912
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Families And Schools Together Federal Credit Union is a smaller credit union specializing in Other and Cash Out 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, and Fresno among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Families And Schools Together Federal Credit Union has a below 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 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 relatively high 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.
Originations
53Origination Dollar Volume (All Markets)
$4,765,000Top 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) | 48 | $4,470,000 | $93,125 | $2,078 | 8.09% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $2,281 | 6.50% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,771 | 8.25% |
| Outside of Metro Areas | 1 | $45,000 | $45,000 | $1,889 | 7.50% |
Their top states include:
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.
Similarity Rank: 44
Similarity Rank: 1140
Similarity Rank: 1656
Similarity Rank: 2667
Similarity Rank: 3536
Similarity Rank: 4859
Similarity Rank: 5298
Similarity Rank: 8262
Similarity Rank: 9936
Similarity Rank: 10868
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $3,965,000 | $80,918 | $2,071 | 8.10% |
| HELOC | 4 | $800,000 | $200,000 | n/a | 7.50% |
For 2023, Families And Schools Together Federal Credit Union's most frequently originated type of loan was Conventional, with 49 originations. Their 2nd most popular type was HELOC, with 4 originations.
Loan Reason
For 2023, Families And Schools Together Federal Credit Union's most frequently cited loan purpose was Other, with 31 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
For 2023, Families And Schools Together Federal Credit Union's most frequently cited loan duration was Other, with 29 originations. The 2nd most popular length was 15 Year, with 10 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 26 | $1,300,000 | $50,000 |
| $1k-2k | 9 | $805,000 | $89,444 |
| $2k-3k | 3 | $555,000 | $185,000 |
| $3k-4k | 3 | $465,000 | $155,000 |
Families And Schools Together Federal Credit Union's average total fees were $5,017, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 26 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 24 | $2,710,000 | $112,917 |
| Over 8% | 13 | $755,000 | $58,077 |
| 6-7% | 7 | $445,000 | $63,571 |
During 2023, Families And Schools Together Federal Credit Union's average interest rate for loans was 7.47%, while their most frequently originated rate bucket for loans was 7-8%, with 24 originations.
Loan Sizing
2023 saw Families And Schools Together Federal Credit Union place emphasis on $100,000 or less loans with 40 originations, totaling $2,160,000 in origination value.
Applicant Income
Families And Schools Together Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $100k-150k, with 16 originations.
Applicant Debt to Income Ratio
Families And Schools Together Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? 30-36%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications59.03%
Families And Schools Together Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination43.40%
Families And Schools Together 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 | 53 | $4,765,000 | $89,906 |