Altura Mortgage Rates, Fees & Info
Riverside, CALEI: 549300TG5MQ8D4SYP955
Tax ID: 95-2023588
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Altura is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Altura has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Riverside, Los Angeles, San Diego, San Francisco, and Bakersfield among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Altura 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. Altura is typically a low 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.88% | 5/25/25 |
| 30 Year Conventional Refi | 6.54% | 5/25/25 |
| 30 Year Cash-out Refi | 6.63% | 5/25/25 |
| 30 Year FHA Purchase | 7.76% | 5/25/25 |
| 15 Year Conventional Purchase | 5.85% | 5/25/25 |
| 15 Year Conventional Refi | 5.63% | 5/25/25 |
| 15 Year Cash-out Refi | 5.63% | 5/25/25 |
| 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. | ||
Altura Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Altura. 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
234Origination Dollar Volume (All Markets)
$78,620,000Awards
ALTURA - 2024
ALTURA is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
Work for ALTURA?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Altura's average 30 year fixed mortgage rate was
6.44%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.11%.
Relative Fees (Closing Costs)
Altura's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,553.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 194 | $46,720,000 | $240,825 | $4,639 | 7.70% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 20 | $17,540,000 | $877,000 | $7,230 | 6.33% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 11 | $9,955,000 | $905,000 | $6,061 | 6.55% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $2,100,000 | $1,050,000 | $8,941 | 6.06% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $4,063 | 6.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,779 | 6.99% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,274 | 6.99% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,890 | 7.63% |
| CHICO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,332 | 6.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,931 | 6.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against ALTURA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 42
Similarity Rank: 81
Similarity Rank: 184
Similarity Rank: 205
Similarity Rank: 216
Similarity Rank: 348
Similarity Rank: 354
Similarity Rank: 516
Similarity Rank: 535
Similarity Rank: 546
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 231 | $77,675,000 | $336,255 | $4,982 | 7.50% |
| FHA | 3 | $945,000 | $315,000 | $10,450 | 6.58% |
For 2024, Altura's most frequently originated type of loan was Conventional, with 231 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2024, Altura's most frequently cited loan purpose was Other, with 74 originations. The 2nd most popular reason was Home Purchase, with 70 originations.
Loan Duration/Length
For 2024, Altura's most frequently cited loan duration was 30 Year, with 116 originations. The 2nd most popular length was 20 Year, with 100 originations.
Origination Fees/Closing Costs
Altura's average total fees were $5,553, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 91 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 101 | $54,885,000 | $543,416 |
| Over 8% | 89 | $7,125,000 | $80,056 |
| 5-6% | 33 | $13,865,000 | $420,152 |
| 7-8% | 9 | $2,185,000 | $242,778 |
| 4-5% | 2 | $560,000 | $280,000 |
During 2024, Altura's average interest rate for loans was 6.44%, while their most frequently originated rate bucket for loans was 6-7%, with 101 originations.
Loan Sizing
2024 saw Altura place emphasis on $100,000 or less loans with 72 originations, totaling $4,330,000 in origination value.
Applicant Income
Altura lent most frequently to those with incomes in the $150k-250k range, with 64 originations. The second most popular income band? $100k-150k, with 58 originations.
Applicant Debt to Income Ratio
Altura lent most frequently to those with DTI ratios of 30-36%, with 33 originations. The next most common DTI ratio? 20-30%, with 30 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications71.10%
Altura has a below average approval rate.
Pick Rate
Approvals leading to origination67.95%
Altura has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 234 | $78,620,000 | $335,983 |