Chaffey Federal Credit Union Mortgage Rates, Fees & Info

Upland, CA

LEI: 967600K0JD6JIELVRF39

Tax ID: 95-2310881

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Chaffey Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Chaffey Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Riverside, Los Angeles, and Bakersfield among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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. Chaffey Federal Credit Union is typically a low 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Refi 6.23% 12/16/24
    30 Year Cash-out Refi 6.28% 12/16/24
    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

    60

    Origination Dollar Volume (All Markets)

    $19,770,000

    Awards

    Chaffey Federal Credit Union 30 Year Conventional Loans silver Chaffey Federal Credit Union 30 Year Conventional Loans silver
    Show all (2) awards

    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) 46 $15,800,000 $343,478 $3,135 3.03%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 13 $3,695,000 $284,231 $3,079 3.02%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.13%
    Chaffey Federal Credit Union's top markets include Riverside, Los Angeles, and Bakersfield among others.

    Their top states include:
  • California (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.

    Chaffey Federal Credit Union
    Similarity Rank: 345
    BOURNS EMPLOYEES FEDERAL CREDIT UNION
    Similarity Rank: 486
    ALTURA
    Similarity Rank: 628
    TRI-EMERALD FINANCIAL GROUP, INC.
    Similarity Rank: 1020
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 1566
    POPA FEDERAL CREDIT UNION
    Similarity Rank: 1625
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1728
    MONARCH FUNDING CORP.
    Similarity Rank: 1740
    BNB FINANCIAL INC.
    Similarity Rank: 2128
    Los Angeles Federal Credit Union
    Similarity Rank: 2145

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $19,770,000 $329,500 $3,123 3.06%

    For 2020, Chaffey Federal Credit Union's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 36 $12,440,000 $345,556 $3,140 3.13%
    Refi 18 $5,420,000 $301,111 $2,842 2.88%
    Home Purchase 4 $1,570,000 $392,500 $4,342 3.16%
    Other 2 $340,000 $170,000 $2,913 3.45%

    For 2020, Chaffey Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 36 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 47 $16,095,000 $342,447 $3,142 3.14%
    15 Year 10 $2,710,000 $271,000 $3,138 2.78%
    20 Year 3 $965,000 $321,667 $2,783 2.75%

    For 2020, Chaffey Federal Credit Union's most frequently cited loan duration was 30 Year, with 47 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 42 $14,160,000 $337,143
    $<1k 17 $5,335,000 $313,824

    Chaffey Federal Credit Union's average total fees were $3,142, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 42 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 30 $9,150,000 $305,000
    3-4% 23 $9,135,000 $397,174
    <2.5% 5 $1,105,000 $221,000
    4-5% 1 $105,000 $105,000
    5-6% 1 $275,000 $275,000

    During 2020, Chaffey Federal Credit Union's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 2.5-3%, with 30 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 34 $10,180,000 $299,412 $3,106 2.97%
    $400k-600k 10 $4,430,000 $443,000 $2,882 3.04%
    $100k-200k 9 $1,375,000 $152,778 $2,904 3.14%
    $600k-1MM 5 $3,605,000 $721,000 $4,221 3.58%
    $100,000 or less 2 $180,000 $90,000 $2,844 3.19%

    2020 saw Chaffey Federal Credit Union place emphasis on $200k-400k loans with 34 originations, totaling $10,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 15 $5,905,000 $393,667 $3,083 2.99%
    $75k-100k 15 $4,555,000 $303,667 $3,047 3.00%
    $100k-150k 13 $4,475,000 $344,231 $3,133 2.94%
    $50k-75k 7 $1,565,000 $223,571 $3,108 3.14%
    $250k+ 5 $2,495,000 $499,000 $4,046 3.75%
    $50k or less 5 $775,000 $155,000 $2,725 3.00%

    Chaffey Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 15 originations. The second most popular income band? $75k-100k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $5,650,000 $353,125 $2,991 2.97%
    30-36% 16 $4,940,000 $308,750 $3,127 2.98%
    <20% 6 $930,000 $155,000 $3,033 3.07%
    44% 4 $1,360,000 $340,000 $3,371 2.94%
    41% 3 $1,175,000 $391,667 $3,030 3.79%
    38% 2 $700,000 $350,000 $2,863 3.06%
    45% 2 $810,000 $405,000 $3,163 3.00%
    42% 2 $760,000 $380,000 $2,942 3.06%
    40% 2 $950,000 $475,000 $3,474 3.00%
    39% 2 $510,000 $255,000 $2,596 3.06%
    >60% 1 $405,000 $405,000 $4,449 3.00%
    43% 1 $815,000 $815,000 $4,578 3.88%
    37% 1 $85,000 $85,000 $3,374 3.38%
    47% 1 $355,000 $355,000 $2,876 2.88%
    49% 1 $325,000 $325,000 $3,263 3.50%

    Chaffey Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? 30-36%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 42 $13,380,000 $318,571 $3,048 3.03%
    Not provided 12 $3,990,000 $332,500 $3,300 3.15%
    Asian 3 $1,095,000 $365,000 $3,059 3.13%
    Black 2 $900,000 $450,000 $3,030 3.13%
    Other Pacific Islander 1 $405,000 $405,000 $4,449 3.00%

    Approval Rates

    Total approvals of all applications
    92.59%

    Chaffey Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.33%

    Chaffey Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 60 $19,770,000 $329,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 60 $19,770,000 $329,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $2,500,000 $208,333 $2,981 2.98%
    40-60% 17 $4,795,000 $282,059 $3,068 2.91%
    60-80% 24 $9,360,000 $390,000 $3,237 3.17%
    80-100% 5 $2,935,000 $587,000 $3,237 3.23%
    Under 20% 2 $180,000 $90,000 $2,844 3.19%