Alta Vista Credit Union Mortgage Rates, Fees & Info
REDLANDS, CALEI: 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 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. 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% | 5/4/24 |
| 30 Year Conventional Refi | 5.72% | 5/4/24 |
| 30 Year Cash-out Refi | 3.10% | 5/4/24 |
| 15 Year Conventional Purchase | 4.51% | 5/4/24 |
| 15 Year Conventional Refi | 5.68% | 5/4/24 |
| 15 Year Cash-out Refi | 5.68% | 5/4/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
58Origination Dollar Volume (All Markets)
$18,470,000Top 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) | 54 | $16,820,000 | $311,481 | $10,293 | 4.96% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $10,771 | 4.79% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $7,780 | 4.25% |
Their top states include:
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $18,470,000 | $318,448 | $10,272 | 4.94% |
For 2019, Alta Vista Credit Union's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
For 2019, Alta Vista Credit Union's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.
Loan Duration/Length
For 2019, Alta Vista Credit Union's most frequently cited loan duration was 30 Year, with 46 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
Alta Vista Credit Union's average total fees were $10,737, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 39 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 37 | $13,505,000 | $365,000 |
| 5-6% | 18 | $4,690,000 | $260,556 |
| 6-7% | 3 | $275,000 | $91,667 |
During 2019, Alta Vista Credit Union's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 37 originations.
Loan Sizing
2019 saw Alta Vista Credit Union place emphasis on $200k-400k loans with 23 originations, totaling $6,875,000 in origination value.
Applicant Income
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? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
Alta Vista Credit Union lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? 30-36%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.57%
Alta Vista Credit Union has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1550.0 | 1 | $155,000 | $155,000 |
| 1990.0 | 1 | $195,000 | $195,000 |
| 740.0 | 1 | $65,000 | $65,000 |
| 790.0 | 2 | $140,000 | $70,000 |
| NA | 53 | $17,915,000 | $338,019 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $555,000 | $111,000 |
| Single Family (1-4 Units):Site-Built | 53 | $17,915,000 | $338,019 |