Chaffey Federal Credit Union Mortgage Rates, Fees & Info

Upland, CA

LEI: 967600K0JD6JIELVRF39

Tax ID: 95-2310881

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Mortgage Data

Review & Overview

Chaffey Federal Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Chaffey Federal Credit Union has a high proportion of conventional loans. Their top two markets are Riverside and Los Angeles .

Chaffey Federal Credit Union has a below average approval rate when compared to the average across all lenders.

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 Refi 6.23% 4/14/24
30 Year Cash-out Refi 6.28% 4/14/24
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.

Chaffey Federal Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Chaffey Federal 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

6

Origination Dollar Volume (All Markets)

$900,000

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) 4 $480,000 $120,000 $0 0.00%
Outside of Metro Areas 1 $385,000 $385,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Chaffey Federal Credit Union's top markets include Riverside and Los Angeles among others.

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

    We use machine learning to identify the top lenders compared against Chaffey Federal 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 6 $900,000 $150,000 $0 0.00%

    For 2023, Chaffey Federal Credit Union's most frequently originated type of loan was Conventional, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 5 $515,000 $103,000 $0 0.00%
    Home Purchase 1 $385,000 $385,000 $0 0.00%

    For 2023, Chaffey Federal Credit Union's most frequently cited loan purpose was Other, with 5 originations. The 2nd most popular reason was Home Purchase, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 6 $900,000 $150,000 $0 0.00%

    For 2023, Chaffey Federal Credit Union's most frequently cited loan duration was Other, with 6 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 3 $125,000 $41,667 $0 0.00%
    $200k-400k 2 $670,000 $335,000 $0 0.00%
    $100k-200k 1 $105,000 $105,000 $0 0.00%

    2023 saw Chaffey Federal Credit Union place emphasis on $100,000 or less loans with 3 originations, totaling $125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2 $320,000 $160,000 $0 0.00%
    $100k-150k 1 $385,000 $385,000 $0 0.00%
    $150k-250k 1 $105,000 $105,000 $0 0.00%
    $50k or less 1 $55,000 $55,000 $0 0.00%
    $75k-100k 1 $35,000 $35,000 $0 0.00%

    Chaffey Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 2 originations. The second most popular income band? $100k-150k, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 6 $900,000 $150,000 $0 0.00%

    Chaffey Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4 $480,000 $120,000 $0 0.00%
    Black 2 $420,000 $210,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    66.67%

    Chaffey Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 6 $900,000 $150,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6 $900,000 $150,000