Alta Vista Credit Union Mortgage Rates, Fees & Info

REDLANDS, CA

LEI: 549300WWAUM3SY0XPY42

Tax ID: 95-1442266

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Mortgage Data

Review & Overview

Alta Vista Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Alta Vista Credit Union has a high proportion of conventional loans. Their top two markets are Riverside and Los Angeles .

Alta Vista Credit Union has an above average approval rate when compared to the average across all lenders. Alta Vista Credit Union is typically a high 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
30 Year Conventional Purchase 2.58% 11/17/24
30 Year Conventional Refi 5.72% 11/17/24
30 Year Cash-out Refi 3.10% 11/17/24
15 Year Conventional Purchase 4.51% 11/17/24
15 Year Conventional Refi 5.68% 11/17/24
15 Year Cash-out Refi 5.68% 11/17/24
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.

Alta Vista Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Alta Vista Credit Union. 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

63

Origination Dollar Volume (All Markets)

$17,555,000

Awards

ALTA VISTA CREDIT UNION 30 Year Conventional Loans silver
Show all (1) 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) 62 $17,220,000 $277,742 $10,034 4.90%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $335,000 $335,000 $10,524 3.25%
Alta Vista Credit Union's top markets include Riverside and Los Angeles 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.

    FRONTWAVE
    Similarity Rank: 92
    American Interbanc Mortgage
    Similarity Rank: 364
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 561
    ALTA VISTA CREDIT UNION
    Similarity Rank: 612
    MONARCH FUNDING CORP.
    Similarity Rank: 705
    ORANGE COUNTY'S CREDIT UNION
    Similarity Rank: 882
    MISSION
    Similarity Rank: 910
    ALTURA
    Similarity Rank: 965

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 63 $17,555,000 $278,651 $10,044 4.87%

    For 2018, Alta Vista Credit Union's most frequently originated type of loan was Conventional, with 63 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $10,695,000 $274,231 $11,486 4.89%
    Cash Out Refi 20 $5,700,000 $285,000 $8,942 4.92%
    Refi 3 $995,000 $331,667 $7,034 4.67%
    Home Improvement 1 $165,000 $165,000 $6,511 3.88%

    For 2018, Alta Vista Credit Union's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 40 $14,440,000 $361,000 $10,756 4.54%
    20 Year 15 $1,575,000 $105,000 $0 5.74%
    15 Year 8 $1,540,000 $192,500 $6,486 4.91%

    For 2018, Alta Vista Credit Union's most frequently cited loan duration was 30 Year, with 40 originations. The 2nd most popular length was 20 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 32 $12,820,000 $400,625
    $4k-5k 8 $1,540,000 $192,500
    $<1k 3 $585,000 $195,000
    $3k-4k 3 $425,000 $141,667
    $1k-2k 2 $610,000 $305,000

    Alta Vista Credit Union's average total fees were $10,756, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 25 $8,555,000 $342,200
    5-6% 20 $3,790,000 $189,500
    3-4% 13 $4,185,000 $321,923
    6-7% 5 $1,025,000 $205,000

    During 2018, Alta Vista Credit Union's average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 4-5%, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 23 $6,825,000 $296,739 $8,885 4.35%
    $100k-200k 18 $2,700,000 $150,000 $6,671 5.15%
    $100,000 or less 9 $645,000 $71,667 $4,601 5.74%
    $400k-600k 9 $4,425,000 $491,667 $13,659 4.75%
    $600k-1MM 3 $1,835,000 $611,667 $15,516 5.04%
    $1MM+ 1 $1,125,000 $1,125,000 $30,308 4.50%

    2018 saw Alta Vista Credit Union place emphasis on $200k-400k loans with 23 originations, totaling $6,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $4,135,000 $318,077 $10,541 4.59%
    $75k-100k 13 $3,185,000 $245,000 $9,447 4.90%
    $50k-75k 12 $2,520,000 $210,000 $9,624 5.14%
    $150k-250k 10 $3,500,000 $350,000 $10,330 4.82%
    $250k+ 9 $3,305,000 $367,222 $10,180 4.60%
    $50k or less 6 $910,000 $151,667 $9,671 5.38%

    Alta Vista Credit Union lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $75k-100k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 11 $1,565,000 $142,273 $8,811 5.31%
    50-60% 9 $3,145,000 $349,444 $9,870 4.79%
    <20% 8 $1,420,000 $177,500 $7,608 4.85%
    30-36% 5 $2,235,000 $447,000 $15,588 4.74%
    47% 5 $2,025,000 $405,000 $13,007 4.50%
    46% 4 $840,000 $210,000 $9,228 5.39%
    41% 3 $505,000 $168,333 $6,511 4.99%
    49% 2 $630,000 $315,000 $8,177 4.13%
    >60% 2 $590,000 $295,000 $11,074 4.69%
    37% 2 $680,000 $340,000 $15,075 4.90%
    38% 2 $500,000 $250,000 $4,321 4.13%
    39% 2 $1,030,000 $515,000 $14,759 4.75%
    42% 2 $480,000 $240,000 $3,714 4.94%
    44% 2 $900,000 $450,000 $12,995 4.50%
    45% 2 $380,000 $190,000 $7,912 4.44%
    48% 1 $215,000 $215,000 $8,179 5.13%
    43% 1 $415,000 $415,000 $10,880 5.88%

    Alta Vista Credit Union lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 50-60%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 42 $13,190,000 $314,048 $9,607 4.59%
    Not provided 18 $3,560,000 $197,778 $17,017 5.50%
    Black 1 $375,000 $375,000 $12,789 3.88%
    Chinese 1 $255,000 $255,000 $8,039 4.88%
    Asian 1 $175,000 $175,000 $6,734 6.50%

    Approval Rates

    Total approvals of all applications
    98.44%

    Alta Vista Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    1040.0 1 $105,000 $105,000
    1060.0 1 $105,000 $105,000
    1392.0 1 $45,000 $45,000
    1490.0 1 $145,000 $145,000
    1625.0 1 $155,000 $155,000
    1732.0 1 $165,000 $165,000
    1740.0 1 $175,000 $175,000
    1761.0 1 $175,000 $175,000
    676.0 1 $65,000 $65,000
    790.0 2 $90,000 $45,000
    816.0 1 $75,000 $75,000
    870.0 1 $85,000 $85,000
    940.0 1 $95,000 $95,000
    990.0 1 $95,000 $95,000
    NA 48 $15,980,000 $332,917

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 19 $2,555,000 $134,474
    Single Family (1-4 Units):Site-Built 44 $15,000,000 $340,909

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $750,000 $125,000 $7,470 5.33%
    40-60% 6 $1,480,000 $246,667 $10,158 4.89%
    60-80% 40 $12,490,000 $312,250 $10,280 4.78%
    80-100% 10 $2,650,000 $265,000 $10,914 4.98%
    Under 20% 1 $185,000 $185,000 $7,516 4.38%