Altura Mortgage Rates, Fees & Info

Riverside, CA

LEI: 549300TG5MQ8D4SYP955

Tax ID: 95-2023588

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Altura is a smaller mortgage company specializing in Refi and Cash Out Refi loans. Altura has a high proportion of conventional loans. Their top markets by origination volume include: Riverside, Los Angeles, San Diego, Santa Cruz, and Stockton among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Altura has an above 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 6.05% 12/16/24
    30 Year Conventional Refi 6.26% 12/16/24
    30 Year Cash-out Refi 6.30% 12/16/24
    15 Year Conventional Purchase 5.50% 12/16/24
    15 Year Conventional Refi 5.87% 12/16/24
    15 Year Cash-out Refi 5.87% 12/16/24
    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.

    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

    753

    Origination Dollar Volume (All Markets)

    $198,955,000

    Awards

    ALTURA 30 Year Conventional Loans gold ALTURA 30 Year Conventional Loans silver ALTURA 30 Year Conventional Loans gold
    Show all (3) awards

    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) 706 $175,980,000 $249,263 $2,749 3.01%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 23 $10,795,000 $469,348 $4,732 3.10%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 11 $8,905,000 $809,545 $3,738 3.11%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $595,000 $595,000 $3,571 3.38%
    STOCKTON, CA (FHA|USDA|VA) 2 $530,000 $265,000 $2,112 3.82%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $325,000 $325,000 $3,970 2.88%
    MADERA, CA (FHA|USDA|VA) 1 $315,000 $315,000 $2,994 2.75%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,385 2.38%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $295,000 $295,000 $2,871 3.12%
    BOISE CITY, ID (FHA|USDA|VA) 1 $255,000 $255,000 $2,740 2.87%
    EL CENTRO, CA (FHA|USDA|VA) 2 $240,000 $120,000 $1,901 3.08%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $210,000 $105,000 $2,129 3.50%
    FRESNO, CA (FHA|USDA|VA) 1 $205,000 $205,000 $2,677 2.88%
    Altura's top markets include Riverside, Los Angeles, San Diego, Santa Cruz, and Stockton among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)

    • 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.

    Christian Community Credit Union
    Similarity Rank: 354
    Credence Funding Corporation
    Similarity Rank: 404
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 825
    MYPOINT Credit Union
    Similarity Rank: 924
    Chaffey Federal Credit Union
    Similarity Rank: 966
    LA Financial Federal Credit Union
    Similarity Rank: 1374
    POPA FEDERAL CREDIT UNION
    Similarity Rank: 1380
    Los Angeles Federal Credit Union
    Similarity Rank: 1400
    Water and Power Community Credit Union
    Similarity Rank: 1484
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 1488

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 753 $198,955,000 $264,216 $2,801 3.01%

    For 2021, Altura's most frequently originated type of loan was Conventional, with 753 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 367 $96,715,000 $263,529 $2,765 2.65%
    Cash Out Refi 257 $82,545,000 $321,187 $3,134 2.96%
    Home Improvement 54 $4,010,000 $74,259 $1,263 4.65%
    Other 47 $3,825,000 $81,383 $1,269 4.26%
    Home Purchase 28 $11,860,000 $423,571 $5,812 2.99%

    For 2021, Altura's most frequently cited loan purpose was Refi, with 367 originations. The 2nd most popular reason was Cash Out Refi, with 257 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 469 $141,775,000 $302,292 $3,144 2.91%
    20 Year 147 $18,825,000 $128,061 $1,692 3.92%
    15 Year 107 $23,225,000 $217,056 $2,821 2.29%
    10 Year 21 $10,865,000 $517,381 $2,832 2.69%
    Other 9 $4,265,000 $473,889 $2,476 3.18%

    For 2021, Altura's most frequently cited loan duration was 30 Year, with 469 originations. The 2nd most popular length was 20 Year, with 147 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 344 $83,680,000 $243,256
    $1k-2k 292 $79,000,000 $270,548
    $2k-3k 25 $7,045,000 $281,800
    $3k-4k 14 $4,300,000 $307,143
    $5k+ 13 $6,315,000 $485,769
    $4k-5k 10 $3,180,000 $318,000

    Altura's average total fees were $3,144, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 344 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 318 $86,010,000 $270,472
    <2.5% 205 $49,465,000 $241,293
    3-4% 151 $55,825,000 $369,702
    4-5% 48 $5,540,000 $115,417
    5-6% 31 $2,115,000 $68,226

    During 2021, Altura's average interest rate for loans was 2.91%, while their most frequently originated rate bucket for loans was 2.5-3%, with 318 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 386 $110,660,000 $286,684 $3,022 2.82%
    $100k-200k 179 $26,995,000 $150,810 $2,415 2.84%
    $400k-600k 90 $42,310,000 $470,111 $3,570 2.98%
    $100,000 or less 86 $5,080,000 $59,070 $1,418 4.26%
    $600k-1MM 7 $4,625,000 $660,714 $7,597 3.28%
    $1MM+ 5 $9,285,000 $1,857,000 $27,244 3.30%

    2021 saw Altura place emphasis on $200k-400k loans with 386 originations, totaling $110,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 197 $52,555,000 $266,777 $2,857 3.15%
    $75k-100k 131 $31,905,000 $243,550 $2,823 2.97%
    $50k-75k 122 $26,590,000 $217,951 $2,782 2.88%
    $150k-250k 86 $24,950,000 $290,116 $2,533 3.37%
    $50k or less 55 $10,355,000 $188,273 $2,867 2.93%
    $250k+ 22 $5,690,000 $258,636 $3,218 3.84%

    Altura lent most frequently to those with incomes in the $100k-150k range, with 197 originations. The second most popular income band? $75k-100k, with 131 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 152 $36,310,000 $238,882 $2,615 2.96%
    30-36% 127 $33,525,000 $263,976 $2,812 3.10%
    <20% 73 $17,125,000 $234,589 $2,783 2.77%
    42% 33 $7,115,000 $215,606 $2,254 3.32%
    39% 32 $7,470,000 $233,438 $2,683 3.17%
    40% 26 $5,820,000 $223,846 $2,582 3.35%
    41% 25 $6,655,000 $266,200 $2,829 3.31%
    44% 23 $6,455,000 $280,652 $3,551 2.85%
    37% 21 $4,885,000 $232,619 $3,280 3.46%
    36% 21 $4,375,000 $208,333 $2,956 3.57%
    38% 19 $5,375,000 $282,895 $2,990 3.14%
    43% 15 $4,465,000 $297,667 $3,354 2.95%
    49% 12 $3,620,000 $301,667 $2,951 2.78%
    45% 12 $3,510,000 $292,500 $3,198 3.00%
    46% 12 $3,760,000 $313,333 $3,600 3.17%
    47% 7 $1,775,000 $253,571 $3,341 3.20%
    48% 7 $1,385,000 $197,857 $2,650 2.85%
    50-60% 2 $200,000 $100,000 $1,307 5.39%

    Altura lent most frequently to those with DTI ratios of 20-30%, with 152 originations. The next most common DTI ratio? 30-36%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 364 $90,820,000 $249,505 $2,942 2.97%
    Not provided 307 $83,495,000 $271,971 $2,606 3.08%
    Asian 25 $7,955,000 $318,200 $2,897 2.74%
    Black 27 $7,245,000 $268,333 $3,237 3.12%
    Not applicable 9 $5,205,000 $578,333 $3,098 3.32%
    American Indian 9 $2,495,000 $277,222 $3,378 2.74%
    Filipino 10 $1,420,000 $142,000 $1,565 3.31%
    Other Asian 2 $320,000 $160,000 $2,427 2.25%

    Approval Rates

    Total approvals of all applications
    91.08%

    Altura has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.06%

    Altura has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 753 $198,955,000 $264,216

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    753 $198,955,000 $264,216

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 96 $16,340,000 $170,208 $2,432 2.81%
    40-60% 173 $45,275,000 $261,705 $2,860 2.76%
    60-80% 238 $82,530,000 $346,765 $3,170 2.95%
    80-100% 42 $16,770,000 $399,286 $4,141 2.97%
    Under 20% 84 $5,500,000 $65,476 $1,365 4.56%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Aldridge Pite, LLP Conventional home mortgage Closing on a mortgage 1 14.3%
    Aldridge Pite, LLP Conventional home mortgage Struggling to pay mortgage 2 28.6%
    Aldridge Pite, LLP Conventional home mortgage Trouble during payment process 1 14.3%
    Aldridge Pite, LLP FHA mortgage Struggling to pay mortgage 2 28.6%
    Aldridge Pite, LLP Other type of mortgage Trouble during payment process 1 14.3%