Usc Credit Union Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 2549001EL4XFDHGNJO24

Tax ID: 95-4110181

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

    Usc Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Usc Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Francisco, Oxnard, and San Diego among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Usc Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Usc Credit Union is typically an average 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 Purchase 5.79% 12/16/24
    30 Year Conventional Refi 6.02% 12/16/24
    30 Year Cash-out Refi 6.29% 12/16/24
    15 Year Conventional Purchase 4.68% 12/16/24
    15 Year Conventional Refi 6.32% 12/16/24
    15 Year Cash-out Refi 6.32% 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.

    Usc Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Usc 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

    219

    Origination Dollar Volume (All Markets)

    $92,245,000

    Awards

    USC Credit Union 30 Year Conventional Loans silver USC Credit Union 30 Year Conventional Loans gold
    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 191 $80,545,000 $421,702 $4,396 3.97%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 12 $4,430,000 $369,167 $4,083 3.66%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $2,130,000 $532,500 $4,183 3.44%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $1,960,000 $326,667 $2,909 5.21%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,505,000 $501,667 $4,659 3.71%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $805,000 $805,000 $10,722 3.25%
    SALINAS, CA (FHA|USDA|VA) 1 $645,000 $645,000 $3,265 3.63%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $225,000 $225,000 $3,117 3.25%
    Usc Credit Union's top markets include Los Angeles, Riverside, San Francisco, Oxnard, and San Diego among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against USC Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Christian Community Credit Union
    Similarity Rank: 220
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 290
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    FRONTWAVE
    Similarity Rank: 912
    LA Financial Federal Credit Union
    Similarity Rank: 951
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 1107
    LBS FINANCIAL
    Similarity Rank: 1176
    MISSION
    Similarity Rank: 1260
    Water and Power Community Credit Union
    Similarity Rank: 1296
    I.L.W.U. CREDIT UNION
    Similarity Rank: 1368

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 219 $92,245,000 $421,210 $4,355 3.96%

    For 2019, Usc Credit Union's most frequently originated type of loan was Conventional, with 219 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $37,590,000 $569,545 $6,659 3.83%
    Refi 59 $25,655,000 $434,831 $3,529 3.52%
    Home Improvement 57 $15,545,000 $272,719 $2,610 4.65%
    Cash Out Refi 33 $13,215,000 $400,455 $4,666 3.62%
    Other 4 $240,000 $60,000 $400 5.75%

    For 2019, Usc Credit Union's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 59 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 151 $76,965,000 $509,702 $5,111 3.74%
    15 Year 41 $9,905,000 $241,585 $2,822 4.30%
    20 Year 14 $4,600,000 $328,571 $4,314 3.55%
    10 Year 13 $775,000 $59,615 $342 5.89%

    For 2019, Usc Credit Union's most frequently cited loan duration was 30 Year, with 151 originations. The 2nd most popular length was 15 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 133 $54,505,000 $409,812
    $5k+ 27 $14,505,000 $537,222
    $1k-2k 15 $5,405,000 $360,333
    $2k-3k 15 $6,205,000 $413,667
    $4k-5k 15 $6,345,000 $423,000
    $3k-4k 13 $4,555,000 $350,385

    Usc Credit Union's average total fees were $5,111, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 133 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 152 $69,210,000 $455,329
    4-5% 24 $15,540,000 $647,500
    5-6% 18 $1,900,000 $105,556
    2.5-3% 13 $4,695,000 $361,154
    6-7% 8 $460,000 $57,500
    7-8% 4 $440,000 $110,000

    During 2019, Usc Credit Union's average interest rate for loans was 3.74%, while their most frequently originated rate bucket for loans was 3-4%, with 152 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 87 $42,315,000 $486,379 $5,077 3.66%
    $200k-400k 60 $18,910,000 $315,167 $4,213 3.63%
    $600k-1MM 29 $20,525,000 $707,759 $5,938 3.84%
    $100,000 or less 21 $1,035,000 $49,286 $600 5.76%
    $100k-200k 17 $2,495,000 $146,765 $1,982 4.64%
    $1MM+ 5 $6,965,000 $1,393,000 $8,125 4.08%

    2019 saw Usc Credit Union place emphasis on $400k-600k loans with 87 originations, totaling $42,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 77 $33,665,000 $437,208 $4,318 3.91%
    $100k-150k 67 $28,645,000 $427,537 $4,807 3.87%
    $75k-100k 31 $10,555,000 $340,484 $3,665 4.08%
    $250k+ 26 $15,830,000 $608,846 $4,766 4.03%
    $50k-75k 15 $2,995,000 $199,667 $3,232 4.34%
    $50k or less 3 $555,000 $185,000 $4,389 3.58%

    Usc Credit Union lent most frequently to those with incomes in the $150k-250k range, with 77 originations. The second most popular income band? $100k-150k, with 67 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 50 $19,040,000 $380,800 $4,418 3.85%
    30-36% 47 $20,405,000 $434,149 $3,968 4.18%
    <20% 17 $5,735,000 $337,353 $4,034 3.48%
    44% 14 $4,520,000 $322,857 $2,656 4.29%
    42% 13 $5,685,000 $437,308 $5,125 3.81%
    47% 10 $5,590,000 $559,000 $5,596 3.74%
    45% 9 $4,015,000 $446,111 $4,169 4.13%
    40% 8 $2,800,000 $350,000 $4,537 3.84%
    37% 8 $3,400,000 $425,000 $4,415 4.09%
    43% 7 $3,435,000 $490,714 $4,583 3.93%
    36% 7 $2,795,000 $399,286 $4,349 4.46%
    48% 6 $3,110,000 $518,333 $4,579 3.85%
    39% 5 $2,495,000 $499,000 $3,745 3.98%
    38% 5 $1,845,000 $369,000 $5,079 4.23%
    46% 5 $2,085,000 $417,000 $6,433 3.83%
    49% 4 $3,400,000 $850,000 $4,383 3.81%
    41% 4 $1,890,000 $472,500 $6,283 3.72%

    Usc Credit Union lent most frequently to those with DTI ratios of 20-30%, with 50 originations. The next most common DTI ratio? 30-36%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 104 $44,300,000 $425,962 $4,080 3.91%
    White 68 $27,460,000 $403,824 $4,225 4.06%
    Asian 27 $11,625,000 $430,556 $5,091 3.78%
    Black 8 $4,780,000 $597,500 $5,504 4.06%
    Not applicable 6 $1,460,000 $243,333 $3,647 4.75%
    Asian Indian 2 $820,000 $410,000 $9,946 3.50%
    American Indian 1 $485,000 $485,000 $9,291 4.13%
    Other Asian 1 $475,000 $475,000 $2,445 3.38%
    Vietnamese 1 $445,000 $445,000 $2,498 3.38%
    Filipino 1 $395,000 $395,000 $3,995 4.00%

    Approval Rates

    Total approvals of all applications
    71.21%

    Usc Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    30.59%

    Usc 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
    NA 219 $92,245,000 $421,210

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 219 $92,245,000 $421,210

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $8,925,000 $307,759 $3,023 3.78%
    40-60% 37 $16,475,000 $445,270 $4,787 3.60%
    60-80% 80 $40,190,000 $502,375 $4,862 3.73%
    80-100% 42 $23,890,000 $568,810 $6,359 3.77%
    Under 20% 31 $2,765,000 $89,194 $1,079 5.43%