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 and Home Purchase 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, Miami, and Oxnard among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Chu & Associates has a below average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Chu & Associates is typically a high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 2/3/25 |
| 30 Year Conventional Refi | 6.27% | 2/3/25 |
| 30 Year Cash-out Refi | 6.27% | 2/3/25 |
| 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
33Origination Dollar Volume (All Markets)
$12,325,000Top 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) | 21 | $8,395,000 | $399,762 | $9,398 | 4.60% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $10,063 | 4.59% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $12,481 | 4.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,888 | 5.25% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $12,553 | 5.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,831 | 3.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,363 | 4.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,680 | 4.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,417 | 4.38% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,997 | 4.38% |
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 | 26 | $9,450,000 | $363,462 | $8,341 | 4.60% |
| FHA | 7 | $2,875,000 | $410,714 | $12,585 | 4.37% |
For 2019, Chu & Associates's most frequently originated type of loan was Conventional, with 26 originations. Their 2nd most popular type was FHA, with 7 originations.
Loan Reason
For 2019, Chu & Associates's most frequently cited loan purpose was Cash Out Refi, with 17 originations. The 2nd most popular reason was Home Purchase, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 32 | $12,060,000 | $376,875 | $9,212 | 4.55% |
| Other | 1 | $265,000 | $265,000 | $7,680 | 4.50% |
For 2019, Chu & Associates's most frequently cited loan duration was 30 Year, with 32 originations. The 2nd most popular length was Other, with 1 originations.
Origination Fees/Closing Costs
Chu & Associates's average total fees were $9,212, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 17 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 17 | $5,765,000 | $339,118 |
| 5-6% | 9 | $3,805,000 | $422,778 |
| 3-4% | 6 | $2,030,000 | $338,333 |
During 2019, Chu & Associates's average interest rate for loans was 4.55%, while their most frequently originated rate bucket for loans was 4-5%, with 17 originations.
Loan Sizing
2019 saw Chu & Associates place emphasis on $200k-400k loans with 20 originations, totaling $6,110,000 in origination value.
Applicant Income
Chu & Associates lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
Chu & Associates lent most frequently to those with DTI ratios of 50-60%, with 4 originations. The next most common DTI ratio? 42%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications58.06%
Chu & Associates has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination90.91%
Chu & Associates has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 33 | $12,325,000 | $373,485 |