Chaffey Federal Credit Union Mortgage Rates, Fees & Info
Upland, CALEI: 967600K0JD6JIELVRF39
Tax ID: 95-2310881
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Chaffey Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Chaffey Federal Credit Union has an average proportion of conventional loans. Chaffey Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Riverside.Chaffey Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
3Origination Dollar Volume (All Markets)
$545,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 1 | $395,000 | $395,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 7.09% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2 | $150,000 | $75,000 | $0 | 7.09% |
| Conventional | 1 | $395,000 | $395,000 | $0 | 0.00% |
For 2024, Chaffey Federal Credit Union's most frequently originated type of loan was Conventional, with 2 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 2 | $150,000 | $75,000 | $0 | 7.09% |
| Cash Out Refi | 1 | $395,000 | $395,000 | $0 | 0.00% |
For 2024, Chaffey Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 2 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 2 | $150,000 | $75,000 | $0 | 7.09% |
| Other | 1 | $395,000 | $395,000 | $0 | 0.00% |
For 2024, Chaffey Federal Credit Union's most frequently cited loan duration was 20 Year, with 2 originations. The 2nd most popular length was Other, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1 | $65,000 | $65,000 |
| 7-8% | 1 | $85,000 | $85,000 |
During 2024, Chaffey Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 1 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 2 | $150,000 | $75,000 | $0 | 7.09% |
| $200k-400k | 1 | $395,000 | $395,000 | $0 | 0.00% |
2024 saw Chaffey Federal Credit Union place emphasis on $100,000 or less loans with 2 originations, totaling $150,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $75k-100k | 2 | $460,000 | $230,000 | $0 | 6.84% |
| $100k-150k | 1 | $85,000 | $85,000 | $0 | 7.34% |
Chaffey Federal Credit Union lent most frequently to those with incomes in the $75k-100k 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 |
|---|---|---|---|---|---|
| <20% | 1 | $85,000 | $85,000 | $0 | 7.34% |
| 30-36% | 1 | $65,000 | $65,000 | $0 | 6.84% |
| Exempt% | 1 | $395,000 | $395,000 | $0 | 0.00% |
Chaffey Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 1 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Not provided | 2 | $150,000 | $75,000 | $0 | 7.09% |
Approval Rates
Total approvals of all applications93.75%
Chaffey Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination-300.00%
Chaffey Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 2 | $460,000 | $230,000 |
| NA | 1 | $85,000 | $85,000 |