Yakima Federal Savings and Loan Association Mortgage Interest Rate and Cost Review

Is Yakima Federal Savings and Loan Association a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Yakima Federal Savings and Loan Association with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratelower than average (-0.10%)
Loan Related Closing Costssimilar to average (+$81)
National Rate and Closing Cost Rating(4.0)
Websitehttps://www.yakimafed.com

On average, Yakima Federal Savings and Loan Association’s interest rates were lower than those of other lenders (-0.10%) for a comparable set of borrowers. Its average total loan related closing cost was similar to those of other lenders, with a difference of +$81. Overall, combining interest rates and closing costs we estimate that Yakima Federal Savings and Loan Association tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

Yakima Federal Savings and Loan Association’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Yakima Federal Savings and Loan Association was most active in:

  1. Yakima, WA
  2. Kennewick, WA
  3. Portland, OR
  4. Eugene, OR

You can click through to check out Yakima Federal Savings and Loan Association’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Yakima Federal Savings and Loan Association’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Yakima Federal Savings and Loan Association originated Conforming, Jumbo and USDA mortgages for new home purchases. It also originated Conforming and Jumbo mortgages for refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingJumboUSDA
Interest Rate Difference-0.14%-0.08%+0.00%
Loan Related Closing Cost Difference+$233-$406+$30
Cost Adjusted Rate Difference-0.14%-0.09%+0.00%
Star Rating(4.0)(4.0)(3.5)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.09%-0.00%
Loan Related Closing Cost Difference+$97-$202
Cost Adjusted Rate Difference-0.10%-0.01%
Star Rating(4.0)(3.5)

As a summary, Yakima Federal Savings and Loan Association is cheap for Conforming and Jumbo purchase mortgages. It is similar to other lenders for USDA purchase mortgages. For refinancing mortgages, Yakima Federal Savings and Loan Association is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Yakima Federal Savings and Loan Association:

Registered name: Yakima Federal Savings and Loan Association
Registered city and state: YAKIMA, WA, 98901
Regulator: Federal Deposit Insurance Corporation (FDIC)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Yakima Federal Savings and Loan Association’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.