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. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Riverside, San Jose, Oxnard, and Visalia among others. We have data for 18 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 a below 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 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% | 2/22/25 |
| 30 Year Conventional Refi | 6.27% | 2/22/25 |
| 30 Year Cash-out Refi | 6.27% | 2/22/25 |
| 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
69Origination Dollar Volume (All Markets)
$23,635,000Top 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) | 31 | $12,125,000 | $391,129 | $7,754 | 3.41% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 10 | $2,660,000 | $266,000 | $7,716 | 3.71% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $8,580 | 4.54% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $4,246 | 2.69% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $5,900 | 3.08% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $8,435 | 3.08% |
| Outside of Metro Areas | 2 | $700,000 | $350,000 | $8,705 | 3.19% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $10,118 | 3.38% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 3.50% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $7,509 | 2.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,888 | 3.75% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $10,001 | 3.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 4.10% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,849 | 2.63% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 3.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,093 | 2.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,977 | 3.60% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,186 | 3.63% |
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
For 2020, Chu & Associates's most frequently originated type of loan was Conventional, with 61 originations. Their 2nd most popular type was FHA, with 5 originations.
Loan Reason
For 2020, Chu & Associates's most frequently cited loan purpose was Refi, with 41 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.
Loan Duration/Length
For 2020, Chu & Associates's most frequently cited loan duration was 30 Year, with 62 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
Chu & Associates's average total fees were $7,705, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 23 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 32 | $11,660,000 | $364,375 |
| 2.5-3% | 21 | $6,885,000 | $327,857 |
| 4-5% | 10 | $3,070,000 | $307,000 |
| <2.5% | 5 | $1,545,000 | $309,000 |
| 5-6% | 1 | $475,000 | $475,000 |
During 2020, Chu & Associates's average interest rate for loans was 3.48%, while their most frequently originated rate bucket for loans was 3-4%, with 32 originations.
Loan Sizing
2020 saw Chu & Associates place emphasis on $200k-400k loans with 37 originations, totaling $11,335,000 in origination value.
Applicant Income
Chu & Associates lent most frequently to those with incomes in the $100k-150k range, with 23 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 15 originations. The next most common DTI ratio? 20-30%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.26%
Chu & Associates has an average approval rate.
Pick Rate
Approvals leading to origination82.61%
Chu & Associates has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1703.0 | 1 | $115,000 | $115,000 |
| 3593.0 | 2 | $650,000 | $325,000 |
| 4693.0 | 1 | $165,000 | $165,000 |
| 5148.0 | 1 | $375,000 | $375,000 |
| 6590.5 | 1 | $595,000 | $595,000 |
| 6973.0 | 1 | $165,000 | $165,000 |
| NA | 62 | $21,570,000 | $347,903 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 69 | $23,635,000 | $342,536 |