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 Cash Out Refi loans. Chu & Associates has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, San Jose, and Bellingham among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Chu & Associates has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Chu & Associates 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 3/24/24 |
| 30 Year Conventional Refi | 6.27% | 3/24/24 |
| 30 Year Cash-out Refi | 6.27% | 3/24/24 |
| 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. | ||
Chu & Associates Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
60Origination Dollar Volume (All Markets)
$16,910,000Top 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) | 29 | $9,515,000 | $328,103 | $8,632 | 5.44% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 12 | $2,860,000 | $238,333 | $5,673 | 5.11% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $13,057 | 5.16% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $11,096 | 5.00% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $9,980 | 5.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 5.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,599 | 5.25% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $7,740 | 7.49% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $10,890 | 5.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,435 | 4.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.75% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.50% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,100 | 4.75% |
| MERCED, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,013 | 5.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,848 | 4.25% |
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 | 44 | $12,960,000 | $294,545 | $7,753 | 5.53% |
| FHA | 13 | $3,185,000 | $245,000 | $7,205 | 4.94% |
| VA | 3 | $765,000 | $255,000 | $9,653 | 4.33% |
For 2018, Chu & Associates's most frequently originated type of loan was Conventional, with 44 originations. Their 2nd most popular type was FHA, with 13 originations.
Loan Reason
For 2018, Chu & Associates's most frequently cited loan purpose was Cash Out Refi, with 40 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
For 2018, Chu & Associates's most frequently cited loan duration was 30 Year, with 55 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
Chu & Associates's average total fees were $7,989, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 9 originations.
Interest Rates
During 2018, Chu & Associates's average interest rate for loans was 5.44%, while their most frequently originated rate bucket for loans was 4-5%, with 29 originations.
Loan Sizing
2018 saw Chu & Associates place emphasis on $200k-400k loans with 27 originations, totaling $7,715,000 in origination value.
Applicant Income
Chu & Associates lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
Chu & Associates lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 50-60%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications70.45%
Chu & Associates has a below average approval rate.
Pick Rate
Approvals leading to origination96.67%
Chu & Associates has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2495.0 | 1 | $295,000 | $295,000 |
| 2690.0 | 1 | $395,000 | $395,000 |
| 4240.0 | 1 | $155,000 | $155,000 |
| NA | 57 | $16,065,000 | $281,842 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $535,000 | $535,000 |
| Single Family (1-4 Units):Site-Built | 59 | $16,375,000 | $277,542 |