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 loans. Usc Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Riverside, San Jose, and Oxnard among others. We have data for 7 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

    177

    Origination Dollar Volume (All Markets)

    $75,055,000

    Awards

    USC Credit Union 30 Year Conventional Loans bronze 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) 148 $62,290,000 $420,878 $3,106 4.78%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $4,000,000 $1,000,000 $6,011 3.56%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 13 $2,625,000 $201,923 $2,032 5.18%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $2,460,000 $1,230,000 $5,168 3.88%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $2,390,000 $597,500 $6,093 4.25%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $810,000 $202,500 $1,066 5.02%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $480,000 $240,000 $4,695 4.06%
    Usc Credit Union's top markets include Los Angeles, San Francisco, Riverside, San Jose, and Oxnard 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.

    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 236
    Los Angeles Federal Credit Union
    Similarity Rank: 248
    FRONTWAVE
    Similarity Rank: 544
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 648
    LBS FINANCIAL
    Similarity Rank: 707
    First City Credit Union
    Similarity Rank: 720
    VENTURA COUNTY
    Similarity Rank: 882
    Sterling Bank and Trust, FSB
    Similarity Rank: 920
    Christian Community Credit Union
    Similarity Rank: 990
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1053

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 177 $75,055,000 $424,040 $3,157 4.75%

    For 2022, Usc Credit Union's most frequently originated type of loan was Conventional, with 177 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 70 $8,380,000 $119,714 $636 5.78%
    Home Purchase 47 $41,665,000 $886,489 $6,232 3.97%
    Cash Out Refi 30 $14,180,000 $472,667 $5,399 3.79%
    Refi 20 $9,610,000 $480,500 $3,187 4.06%
    Other 10 $1,220,000 $122,000 $325 5.50%

    For 2022, Usc Credit Union's most frequently cited loan purpose was Home Improvement, with 70 originations. The 2nd most popular reason was Home Purchase, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 82 $61,740,000 $752,927 $5,913 3.93%
    15 Year 62 $8,440,000 $136,129 $699 5.79%
    10 Year 25 $2,415,000 $96,600 $333 5.37%
    Other 8 $2,460,000 $307,500 $3,903 3.22%

    For 2022, Usc Credit Union's most frequently cited loan duration was 30 Year, with 82 originations. The 2nd most popular length was 15 Year, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 137 $53,065,000 $387,336
    $5k+ 16 $10,870,000 $679,375
    $2k-3k 8 $3,630,000 $453,750
    $4k-5k 6 $2,580,000 $430,000
    $1k-2k 3 $1,315,000 $438,333
    $3k-4k 3 $1,935,000 $645,000

    Usc Credit Union's average total fees were $5,913, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 137 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 47 $8,515,000 $181,170
    4-5% 40 $24,730,000 $618,250
    3-4% 31 $19,465,000 $627,903
    6-7% 26 $3,440,000 $132,308
    2.5-3% 20 $11,920,000 $596,000
    <2.5% 8 $6,610,000 $826,250
    7-8% 4 $210,000 $52,500
    Over 8% 1 $165,000 $165,000

    During 2022, Usc Credit Union's average interest rate for loans was 3.93%, while their most frequently originated rate bucket for loans was 5-6%, with 47 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,610,000 $59,318 $325 5.98%
    $100k-200k 30 $3,770,000 $125,667 $472 5.59%
    $200k-400k 30 $8,280,000 $276,000 $2,384 4.47%
    $400k-600k 29 $14,395,000 $496,379 $5,474 3.48%
    $600k-1MM 26 $19,870,000 $764,231 $7,348 4.19%
    $1MM+ 18 $26,130,000 $1,451,667 $6,226 3.71%

    2022 saw Usc Credit Union place emphasis on $100,000 or less loans with 44 originations, totaling $2,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 65 $23,795,000 $366,077 $3,310 4.92%
    $250k+ 49 $34,255,000 $699,082 $3,034 4.82%
    $100k-150k 37 $10,195,000 $275,541 $3,349 4.74%
    $75k-100k 17 $4,325,000 $254,412 $2,283 4.42%
    $50k-75k 6 $1,780,000 $296,667 $3,722 3.39%
    $50k or less 3 $705,000 $235,000 $3,088 4.96%

    Usc Credit Union lent most frequently to those with incomes in the $150k-250k range, with 65 originations. The second most popular income band? $250k+, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 39 $19,605,000 $502,692 $3,018 4.66%
    20-30% 34 $12,600,000 $370,588 $3,365 4.71%
    38% 11 $3,845,000 $349,545 $2,684 5.46%
    43% 11 $8,325,000 $756,818 $4,468 4.40%
    44% 9 $3,255,000 $361,667 $3,675 4.95%
    39% 9 $4,055,000 $450,556 $1,874 3.98%
    40% 8 $5,370,000 $671,250 $4,266 4.78%
    36% 8 $1,520,000 $190,000 $1,915 5.06%
    49% 7 $2,325,000 $332,143 $5,414 4.53%
    48% 7 $3,655,000 $522,143 $2,934 5.03%
    <20% 6 $1,850,000 $308,333 $2,067 4.10%
    41% 6 $860,000 $143,333 $1,203 5.60%
    42% 6 $1,860,000 $310,000 $4,207 4.83%
    46% 5 $1,015,000 $203,000 $1,760 5.42%
    45% 4 $2,220,000 $555,000 $5,489 3.72%
    37% 4 $1,240,000 $310,000 $2,277 5.50%
    47% 2 $1,180,000 $590,000 $3,398 4.60%
    >60% 1 $275,000 $275,000 $525 4.62%

    Usc Credit Union lent most frequently to those with DTI ratios of 30-36%, with 39 originations. The next most common DTI ratio? 20-30%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $28,090,000 $425,606 $3,297 4.42%
    Not provided 63 $21,665,000 $343,889 $2,878 5.03%
    Asian 19 $8,335,000 $438,684 $3,049 4.69%
    Black 12 $5,420,000 $451,667 $3,414 4.71%
    Asian Indian 5 $5,105,000 $1,021,000 $4,808 3.83%
    Chinese 2 $3,870,000 $1,935,000 $9,032 5.62%
    Other Asian 2 $1,030,000 $515,000 $3,228 4.87%
    Filipino 5 $785,000 $157,000 $325 5.91%
    American Indian 2 $670,000 $335,000 $5,140 5.38%
    Not applicable 1 $85,000 $85,000 $325 6.49%

    Approval Rates

    Total approvals of all applications
    82.06%

    Usc Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    60.45%

    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 177 $75,055,000 $424,040

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    177 $75,055,000 $424,040

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $3,490,000 $349,000 $2,421 3.88%
    40-60% 26 $13,950,000 $536,538 $5,953 3.81%
    60-80% 27 $20,485,000 $758,704 $4,985 3.62%
    80-100% 30 $28,120,000 $937,333 $7,159 4.01%
    Under 20% 83 $8,945,000 $107,771 $443 5.79%