Chu & Associates Mortgage Rates, Fees & Info
SACRAMENTO, CALEI: 549300STXRPOVDJ5GX04
Tax ID: 26-0012825
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Mortgage Data
Review & Overview
Chu & Associates is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Chu & Associates has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Sacramento, San Diego, and San Francisco among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Chu & Associates has an above average approval rate when compared to the average across all lenders. Chu & Associates 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.
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Originations
68Origination Dollar Volume (All Markets)
$23,790,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 24 | $8,640,000 | $360,000 | $6,701 | 2.96% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 13 | $5,145,000 | $395,769 | $6,395 | 3.17% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $5,269 | 3.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $6,316 | 3.04% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $6,084 | 2.84% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $5,286 | 3.12% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $6,252 | 3.08% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $5,396 | 2.88% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $6,118 | 2.99% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $7,668 | 2.88% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,918 | 3.38% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,845 | 3.49% |
| BEND, OR (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,426 | 1.99% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,481 | 2.99% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,440 | 1.99% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,760 | 3.38% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,197 | 2.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,009 | 1.99% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,868 | 1.99% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,673 | 2.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,824 | 2.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against CHU & ASSOCIATES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 66 | $23,140,000 | $350,606 | $6,287 | 2.95% |
| VA | 2 | $650,000 | $325,000 | $5,296 | 3.44% |
For 2021, Chu & Associates's most frequently originated type of loan was Conventional, with 66 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
For 2021, Chu & Associates's most frequently cited loan purpose was Refi, with 39 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.
Loan Duration/Length
For 2021, Chu & Associates's most frequently cited loan duration was 30 Year, with 55 originations. The 2nd most popular length was 15 Year, with 9 originations.
Origination Fees/Closing Costs
Chu & Associates's average total fees were $6,350, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 25 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 29 | $10,085,000 | $347,759 |
| 3-4% | 25 | $9,185,000 | $367,400 |
| <2.5% | 13 | $4,115,000 | $316,538 |
| 4-5% | 1 | $405,000 | $405,000 |
During 2021, Chu & Associates's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 29 originations.
Loan Sizing
2021 saw Chu & Associates place emphasis on $200k-400k loans with 32 originations, totaling $9,500,000 in origination value.
Applicant Income
Chu & Associates lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
Chu & Associates lent most frequently to those with DTI ratios of 30-36%, with 12 originations. The next most common DTI ratio? 20-30%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Chu & Associates has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 68 | $23,790,000 | $349,853 |