Chaffey Federal Credit Union Mortgage Rates, Fees & Info
Upland, CALEI: 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% | 11/17/24 |
| 30 Year Cash-out Refi | 6.28% | 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. | ||
Chaffey Federal Credit Union Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6Origination Dollar Volume (All Markets)
$900,000Top 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) | 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% |
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
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 applications66.67%
Chaffey Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 6 | $900,000 | $150,000 |