Chu & Associates Mortgage Rates, Fees & Info

SACRAMENTO, CA

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Chu & Associates. 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

33

Origination Dollar Volume (All Markets)

$12,325,000

Top 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%
Chu & Associates's top markets include Los Angeles, Riverside, San Francisco, Miami, and Oxnard among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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.

    Christian Community Credit Union
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 17 $6,105,000 $359,118 $8,608 4.67%
    Home Purchase 11 $4,515,000 $410,455 $10,472 4.69%
    Refi 5 $1,705,000 $341,000 $8,243 3.88%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 17 $6,285,000 $369,706
    $3k-4k 6 $2,250,000 $375,000
    $4k-5k 4 $1,110,000 $277,500
    $2k-3k 3 $1,135,000 $378,333
    $1k-2k 1 $535,000 $535,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 20 $6,110,000 $305,500 $8,886 4.33%
    $400k-600k 8 $3,860,000 $482,500 $10,431 4.94%
    $600k-1MM 3 $2,015,000 $671,667 $8,941 5.00%
    $100k-200k 2 $340,000 $170,000 $6,936 4.81%

    2019 saw Chu & Associates place emphasis on $200k-400k loans with 20 originations, totaling $6,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 10 $3,250,000 $325,000 $8,644 4.29%
    $100k-150k 6 $2,620,000 $436,667 $9,345 4.69%
    $50k or less 6 $1,800,000 $300,000 $7,418 4.90%
    $75k-100k 5 $1,725,000 $345,000 $9,293 4.19%
    $150k-250k 3 $1,415,000 $471,667 $11,790 4.88%
    $250k+ 1 $565,000 $565,000 $12,299 5.63%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 4 $1,410,000 $352,500 $12,292 4.43%
    42% 4 $1,220,000 $305,000 $7,483 4.63%
    38% 3 $1,195,000 $398,333 $11,392 3.87%
    48% 3 $1,235,000 $411,667 $8,090 4.67%
    20-30% 2 $780,000 $390,000 $10,858 5.00%
    30-36% 2 $820,000 $410,000 $10,763 4.69%
    39% 2 $430,000 $215,000 $7,737 4.94%
    45% 2 $800,000 $400,000 $10,081 4.25%
    49% 2 $920,000 $460,000 $8,703 4.75%
    44% 1 $255,000 $255,000 $7,849 5.00%
    36% 1 $305,000 $305,000 $6,244 3.63%
    46% 1 $235,000 $235,000 $8,546 4.00%
    47% 1 $465,000 $465,000 $5,888 5.25%
    37% 1 $305,000 $305,000 $6,363 4.13%
    40% 1 $535,000 $535,000 $5,825 5.63%
    43% 1 $405,000 $405,000 $9,491 5.13%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 26 $9,490,000 $365,000 $9,414 4.48%
    Asian 5 $2,165,000 $433,000 $8,607 5.07%
    Black 2 $670,000 $335,000 $7,531 4.13%

    Approval Rates

    Total approvals of all applications
    58.06%

    Chu & Associates has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    90.91%

    Chu & Associates has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 33 $12,325,000 $373,485

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 33 $12,325,000 $373,485

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $175,000 $175,000 $7,875 5.25%
    40-60% 7 $1,915,000 $273,571 $8,593 4.34%
    60-80% 12 $4,730,000 $394,167 $8,625 4.63%
    80-100% 10 $3,830,000 $383,000 $10,220 4.56%