Honda Federal Credit Union Mortgage Rates, Fees & Info
Torrance, CALEI: 549300VBY3NBKUNMKL64
Tax ID: 95-3036119
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Mortgage Data
Review & Overview
Honda Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Honda Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Los Angeles, Bellefontaine, Sidney, and Birmingham among others. We have data for 91 markets. (Some data included below & more in-depth data is available with an active subscription.)Honda Federal Credit Union 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. Honda Federal Credit Union 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.61% | 12/16/24 |
| 30 Year Conventional Purchase | 6.08% | 12/16/24 |
| 30 Year Conventional Refi | 6.00% | 12/16/24 |
| 30 Year Cash-out Refi | 6.33% | 12/16/24 |
| 15 Year Conventional Purchase | 6.16% | 12/16/24 |
| 15 Year Conventional Refi | 5.49% | 12/16/24 |
| 15 Year Cash-out Refi | 5.49% | 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. | ||
Honda Federal Credit Union Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,174Origination Dollar Volume (All Markets)
$183,090,000Awards
HONDA Federal Credit Union - 2021
HONDA Federal Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 283 | $42,145,000 | $148,922 | $2,961 | 3.27% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 86 | $26,290,000 | $305,698 | $4,772 | 3.40% |
| Bellefontaine, OH (FHA|USDA|VA) | 150 | $17,810,000 | $118,733 | $2,891 | 3.25% |
| Outside of Metro Areas | 72 | $8,980,000 | $124,722 | $2,935 | 3.51% |
| Sidney, OH (FHA|USDA|VA) | 58 | $7,410,000 | $127,759 | $2,790 | 3.29% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 44 | $6,770,000 | $153,864 | $2,321 | 3.49% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 34 | $6,290,000 | $185,000 | $5,029 | 3.38% |
| Urbana, OH (FHA|USDA|VA) | 50 | $5,680,000 | $113,600 | $2,377 | 3.43% |
| Wapakoneta, OH (FHA|USDA|VA) | 34 | $4,230,000 | $124,412 | $2,715 | 3.32% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 29 | $3,395,000 | $117,069 | $2,195 | 3.55% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 16 | $2,980,000 | $186,250 | $2,738 | 2.98% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 27 | $2,905,000 | $107,593 | $2,501 | 3.44% |
| FLORENCE, SC (FHA|USDA|VA) | 19 | $2,785,000 | $146,579 | $4,478 | 3.22% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 23 | $2,635,000 | $114,565 | $2,896 | 3.07% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $2,415,000 | $345,000 | $7,156 | 3.73% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $2,280,000 | $380,000 | $10,288 | 2.54% |
| Greensburg, IN (FHA|USDA|VA) | 19 | $2,175,000 | $114,474 | $2,042 | 3.16% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 15 | $2,105,000 | $140,333 | $2,596 | 3.42% |
| Marion, OH (FHA|USDA|VA) | 21 | $1,965,000 | $93,571 | $2,673 | 3.26% |
| GADSDEN, AL (FHA|USDA|VA) | 15 | $1,885,000 | $125,667 | $2,670 | 3.63% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 15 | $1,655,000 | $110,333 | $2,980 | 3.27% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 12 | $1,610,000 | $134,167 | $3,429 | 3.30% |
| LIMA, OH (FHA|USDA|VA) | 12 | $1,370,000 | $114,167 | $2,455 | 3.72% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $3,351 | 2.83% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $1,245,000 | $1,245,000 | $4,761 | 3.00% |
| Celina, OH (FHA|USDA|VA) | 11 | $975,000 | $88,636 | $2,855 | 3.11% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $3,722 | 2.94% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $4,214 | 3.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $3,029 | 4.03% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $7,108 | 2.88% |
| COLUMBUS, IN (FHA|USDA|VA) | 7 | $785,000 | $112,143 | $1,560 | 4.70% |
| Albertville, AL (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $2,956 | 2.83% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $7,527 | 2.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $6,298 | 2.50% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $6,878 | 2.63% |
| BURLINGTON, NC (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $2,569 | 3.05% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,120 | 3.63% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $7,433 | 2.69% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $1,407 | 4.53% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,745 | 2.94% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $2,575 | 4.42% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 3.50% |
| Greenville, OH (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $3,076 | 3.13% |
| New Castle, IN (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $1,846 | 4.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,736 | 2.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $2,372 | 3.42% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $14,676 | 2.25% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,311 | 2.38% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,563 | 3.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,485 | 2.75% |
| Findlay, OH (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $1,602 | 3.75% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,485 | 3.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,153 | 2.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,196 | 3.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,163 | 2.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,853 | 3.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,849 | 3.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,218 | 3.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $11,946 | 2.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,102 | 2.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $1,807 | 4.38% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,290 | 2.75% |
| Connersville, IN (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $2,587 | 3.17% |
| Seneca, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,291 | 2.38% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,941 | 3.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $1,580 | 3.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,991 | 2.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,290 | 3.00% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,183 | 3.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,430 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,173 | 3.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,570 | 3.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,994 | 3.50% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,987 | 3.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,101 | 3.13% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,563 | 2.63% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,836 | 2.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 3.50% |
| Athens, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,192 | 2.38% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,705 | 3.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,227 | 2.38% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,879 | 2.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,810 | 2.50% |
| Van Wert, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,058 | 3.00% |
| Richmond, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,070 | 3.38% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,755 | 2.38% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.50% |
| AKRON, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,009 | 2.50% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.50% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.50% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,310 | 2.88% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 844 | $154,230,000 | $182,737 | $3,183 | 3.15% |
| HELOC | 330 | $28,860,000 | $87,455 | n/a | 3.77% |
For 2021, Honda Federal Credit Union's most frequently originated type of loan was Conventional, with 844 originations. Their 2nd most popular type was HELOC, with 330 originations.
Loan Reason
For 2021, Honda Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 572 originations. The 2nd most popular reason was Home Purchase, with 256 originations.
Loan Duration/Length
For 2021, Honda Federal Credit Union's most frequently cited loan duration was 20 Year, with 524 originations. The 2nd most popular length was 30 Year, with 325 originations.
Origination Fees/Closing Costs
Honda Federal Credit Union's average total fees were $4,048, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 827 originations.
Interest Rates
During 2021, Honda Federal Credit Union's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 3-4%, with 483 originations.
Loan Sizing
2021 saw Honda Federal Credit Union place emphasis on $100k-200k loans with 440 originations, totaling $63,130,000 in origination value.
Applicant Income
Honda Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 320 originations. The second most popular income band? $100k-150k, with 289 originations.
Applicant Debt to Income Ratio
Honda Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 342 originations. The next most common DTI ratio? 30-36%, with 205 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.06%
Honda Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination79.22%
Honda Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,174 | $183,090,000 | $155,954 |