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. Their top markets by origination volume include: Los Angeles, Riverside, Seattle, Portland, and Santa Maria among others. We have data for 5 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 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.
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Originations
12Origination Dollar Volume (All Markets)
$4,840,000Top 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) | 6 | $2,730,000 | $455,000 | $10,132 | 4.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $8,565 | 4.56% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,181 | 4.93% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,880 | 3.88% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,238 | 3.88% |
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 | 12 | $4,840,000 | $403,333 | $9,367 | 4.63% |
For 2022, Chu & Associates's most frequently originated type of loan was Conventional, with 12 originations.
Loan Reason
For 2022, Chu & Associates's most frequently cited loan purpose was Cash Out Refi, with 10 originations. The 2nd most popular reason was Home Purchase, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 12 | $4,840,000 | $403,333 | $9,367 | 4.63% |
For 2022, Chu & Associates's most frequently cited loan duration was 30 Year, with 12 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 10 | $4,170,000 | $417,000 |
| $3k-4k | 1 | $245,000 | $245,000 |
| $4k-5k | 1 | $425,000 | $425,000 |
Chu & Associates's average total fees were $9,367, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 7 | $2,985,000 | $426,429 |
| 3-4% | 3 | $965,000 | $321,667 |
| 5-6% | 2 | $890,000 | $445,000 |
During 2022, Chu & Associates's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 7 originations.
Loan Sizing
2022 saw Chu & Associates place emphasis on $200k-400k loans with 6 originations, totaling $1,830,000 in origination value.
Applicant Income
Chu & Associates lent most frequently to those with incomes in the $50k-75k range, with 3 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
Chu & Associates lent most frequently to those with DTI ratios of 44%, with 3 originations. The next most common DTI ratio? 48%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 12 | $4,840,000 | $403,333 | $9,367 | 4.63% |
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 | 12 | $4,840,000 | $403,333 |