Strata Credit Union Mortgage Rates, Fees & Info
Bakersfield, CALEI: 549300NXYX3K4WQSGJ17
Tax ID: 95-1677890
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Strata Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Strata Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bakersfield, Los Angeles, and Vallejo among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Strata Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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 | 6.02% | 11/21/24 |
| 30 Year Conventional Refi | 6.52% | 11/21/24 |
| 30 Year Cash-out Refi | 6.23% | 11/21/24 |
| 15 Year Conventional Purchase | 5.89% | 11/21/24 |
| 15 Year Conventional Refi | 6.27% | 11/21/24 |
| 15 Year Cash-out Refi | 6.27% | 11/21/24 |
| 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. | ||
Strata Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Strata 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
94Origination Dollar Volume (All Markets)
$12,270,000Top 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 |
|---|---|---|---|---|---|
| BAKERSFIELD, CA (FHA|USDA|VA) | 92 | $12,060,000 | $131,087 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against STRATA Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 369
Similarity Rank: 666
Similarity Rank: 770
Similarity Rank: 854
Similarity Rank: 1020
Similarity Rank: 1034
Similarity Rank: 2130
Similarity Rank: 2244
Similarity Rank: 2331
Similarity Rank: 2432
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 94 | $12,270,000 | $130,532 | $0 | 0.00% |
For 2020, Strata Credit Union's most frequently originated type of loan was Conventional, with 94 originations.
Loan Reason
For 2020, Strata Credit Union's most frequently cited loan purpose was Home Improvement, with 25 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 94 | $12,270,000 | $130,532 | $0 | 0.00% |
For 2020, Strata Credit Union's most frequently cited loan duration was Other, with 94 originations.
Loan Sizing
2020 saw Strata Credit Union place emphasis on $100,000 or less loans with 53 originations, totaling $3,085,000 in origination value.
Applicant Income
Strata Credit Union lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $50k or less, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 94 | $12,270,000 | $130,532 | $0 | 0.00% |
Strata Credit Union lent most frequently to those with DTI ratios of Exempt%, with 94 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.74%
Strata Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination93.62%
Strata Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 94 | $12,270,000 | $130,532 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 94 | $12,270,000 | $130,532 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Stewart Information Services | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |