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, San Luis Obispo, and El Centro among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)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% | 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
81Origination Dollar Volume (All Markets)
$36,755,000Awards
ALTA VISTA CREDIT UNION - 2022
ALTA VISTA CREDIT UNION is a 2022 , due to their low .
For 2022, 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 |
|---|---|---|---|---|---|
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 76 | $33,610,000 | $442,237 | $15,475 | 4.01% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $2,285,000 | $761,667 | $24,674 | 4.25% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 3.75% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,776 | 4.50% |
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 | 81 | $36,755,000 | $453,765 | $15,753 | 4.02% |
For 2022, Alta Vista Credit Union's most frequently originated type of loan was Conventional, with 81 originations.
Loan Reason
For 2022, Alta Vista Credit Union's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 43 | $20,185,000 | $469,419 | $15,341 | 3.80% |
| 30 Year | 38 | $16,570,000 | $436,053 | $16,225 | 4.26% |
For 2022, Alta Vista Credit Union's most frequently cited loan duration was 15 Year, with 43 originations. The 2nd most popular length was 30 Year, with 38 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 78 | $35,530,000 | $455,513 |
| $4k-5k | 1 | $375,000 | $375,000 |
Alta Vista Credit Union's average total fees were $16,225, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 78 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 55 | $25,095,000 | $456,273 |
| 4-5% | 20 | $9,650,000 | $482,500 |
| 5-6% | 4 | $1,320,000 | $330,000 |
| 2.5-3% | 1 | $245,000 | $245,000 |
| 6-7% | 1 | $445,000 | $445,000 |
During 2022, Alta Vista Credit Union's average interest rate for loans was 4.26%, while their most frequently originated rate bucket for loans was 3-4%, with 55 originations.
Loan Sizing
2022 saw Alta Vista Credit Union place emphasis on $200k-400k loans with 32 originations, totaling $10,100,000 in origination value.
Applicant Income
Alta Vista Credit Union lent most frequently to those with incomes in the $250k+ range, with 28 originations. The second most popular income band? $100k-150k, with 21 originations.
Applicant Debt to Income Ratio
Alta Vista Credit Union lent most frequently to those with DTI ratios of <20%, with 24 originations. The next most common DTI ratio? 30-36%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 11202.0 | 1 | $345,000 | $345,000 |
| 15582.0 | 1 | $505,000 | $505,000 |
| 9941.84 | 1 | $265,000 | $265,000 |
| 9942.0 | 1 | $265,000 | $265,000 |
| NA | 77 | $35,375,000 | $459,416 |