Alta Vista Credit Union Mortgage Rates, Fees & Info

REDLANDS, CA

LEI: 549300WWAUM3SY0XPY42

Tax ID: 95-1442266

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Relative Rates
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Alta Vista Credit Union is a smaller credit union specializing in Other and Home Improvement loans. Their top markets by origination volume include: Riverside, Los Angeles, and San Diego among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Alta Vista Credit Union has an average approval rate when compared to the average across all lenders. They typically have relatively high 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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    Originations

    58

    Origination Dollar Volume (All Markets)

    $5,990,000

    Relative Rate

    Alta Vista Credit Union's average 30 year fixed mortgage rate was 10.05%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 3.5%.

    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) 56 $5,930,000 $105,893 $0 10.05%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.25%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.25%
    Alta Vista Credit Union's top markets include Riverside, Los Angeles, and San Diego among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ALTA VISTA CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Water and Power Community Credit Union
    Similarity Rank: 224
    ALTURA
    Similarity Rank: 320
    F&A Federal Credit Union
    Similarity Rank: 658
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 702
    Credit Union of Southern California
    Similarity Rank: 783
    SUMMIT MORTGAGE BANKERS INC.
    Similarity Rank: 1065
    FirstBank
    Similarity Rank: 1100
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1160
    Provident Savings Bank, F.S.B.
    Similarity Rank: 1248
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1344

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 58 $5,990,000 $103,276 n/a 10.03%

    For 2024, Alta Vista Credit Union's most frequently originated type of loan was HELOC, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 35 $4,125,000 $117,857 $0 10.15%
    Home Improvement 21 $1,595,000 $75,952 $0 9.70%
    Refi 2 $270,000 $135,000 $0 11.25%

    For 2024, Alta Vista Credit Union's most frequently cited loan purpose was Other, with 35 originations. The 2nd most popular reason was Home Improvement, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 57 $5,785,000 $101,491 $0 10.05%
    Other 1 $205,000 $205,000 $0 8.75%

    For 2024, Alta Vista Credit Union's most frequently cited loan duration was 30 Year, with 57 originations. The 2nd most popular length was Other, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 58 $5,990,000 $103,276

    During 2024, Alta Vista Credit Union's average interest rate for loans was 10.05%, while their most frequently originated rate bucket for loans was Over 8%, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,680,000 $52,500 $0 10.21%
    $100k-200k 20 $2,780,000 $139,000 $0 10.01%
    $200k-400k 6 $1,530,000 $255,000 $0 9.08%

    2024 saw Alta Vista Credit Union place emphasis on $100,000 or less loans with 32 originations, totaling $1,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 19 $1,795,000 $94,474 $0 9.99%
    $100k-150k 15 $1,695,000 $113,000 $0 10.15%
    $250k+ 9 $1,405,000 $156,111 $0 9.58%
    $50k-75k 9 $505,000 $56,111 $0 10.22%
    $75k-100k 6 $590,000 $98,333 $0 10.21%

    Alta Vista Credit Union lent most frequently to those with incomes in the $150k-250k range, with 19 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 13 $1,525,000 $117,308 $0 9.98%
    30-36% 11 $1,155,000 $105,000 $0 9.61%
    41% 6 $530,000 $88,333 $0 10.79%
    43% 4 $400,000 $100,000 $0 10.13%
    44% 4 $570,000 $142,500 $0 9.50%
    46% 3 $145,000 $48,333 $0 10.33%
    45% 3 $225,000 $75,000 $0 10.83%
    37% 3 $335,000 $111,667 $0 10.58%
    <20% 2 $190,000 $95,000 $0 9.25%
    39% 2 $130,000 $65,000 $0 10.13%
    40% 2 $340,000 $170,000 $0 9.38%
    42% 2 $90,000 $45,000 $0 11.00%
    38% 1 $175,000 $175,000 $0 9.25%
    49% 1 $25,000 $25,000 $0 9.25%
    >60% 1 $155,000 $155,000 $0 9.50%

    Alta Vista Credit Union lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 30-36%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $3,380,000 $93,889 $0 10.11%
    Not provided 10 $1,420,000 $142,000 $0 9.68%
    Asian 6 $680,000 $113,333 $0 10.29%
    Black 5 $475,000 $95,000 $0 9.40%
    Other Asian 1 $35,000 $35,000 $0 12.00%

    Approval Rates

    Total approvals of all applications
    76.32%

    Alta Vista Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 58 $5,990,000 $103,276

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    58 $5,990,000 $103,276

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $3,100,000 $172,222 $0 9.71%
    40-60% 1 $335,000 $335,000 $0 9.00%
    Under 20% 39 $2,555,000 $65,513 $0 10.20%