Is Yakima Federal Savings and Loan Association a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Yakima Federal Savings and Loan Association to those of other lenders for a comparable set of borrowers. Here is our review of Yakima Federal Savings and Loan Association nationally:
|Review Item||Yakima Federal Savings and Loan Association|
|Interest Rate||lower than other lenders (-0.10%)|
|Loan Related Closing Costs||similar to other lenders (+$81)|
|National Rate and Closing Cost Star Rating||(4)|
On average, Yakima Federal Savings and Loan Association’s interest rates were lower than those of other lenders (-0.10%). On the other hand, its loan related closing costs were 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 out of 5 stars.
We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Yakima Federal Savings and Loan Association, check out its website at: https://www.yakimafed.com.
Yakima Federal Savings and Loan Association’s Rate Review by City
Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Yakima Federal Savings and Loan Association was most active in:
Yakima Federal Savings and Loan Association’s Rate Review 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. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.
|New Purchase Mortgages||Conforming||Jumbo||USDA|
|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%|
|National Star Rating|
|Interest Rate Difference||-0.09%||-0.00%|
|Loan Related Closing Cost Difference||+$97||-$202|
|Cost Adjusted Rate Difference||-0.10%||-0.01%|
|Average Star Rating|
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 a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.
Other information about 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.