Credit Union Of Southern California Mortgage Rates, Fees & Info

Anaheim, CA

LEI: 2549005DO6VPVH5MOS59

Tax ID: 95-1818041

5 stars - Updated: 12/9/24 - out of 5 stars, based on 27 reviews

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

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Mortgage Data

Review & Overview

Credit Union Of Southern California is a smaller credit union specializing in Other and Home Purchase loans. Credit Union Of Southern California has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Stockton, and Oxnard among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Credit Union Of Southern California 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. Credit Union Of Southern California 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 relatively high 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 6.25% 12/9/24
30 Year Conventional Refi 6.37% 12/9/24
30 Year Cash-out Refi 6.47% 12/9/24
15 Year Conventional Refi 6.02% 12/9/24
15 Year Cash-out Refi 6.02% 12/9/24
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.

Credit Union Of Southern California Mortgage Calculator






Your Estimates

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

This is not an official calculator from Credit Union Of Southern California. 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

755

Origination Dollar Volume (All Markets)

$151,225,000

Awards

Credit Union of Southern California 30 Year Conventional Loans silver Credit Union of Southern California 30 Year Conventional Loans silver Credit Union of Southern California 30 Year Conventional Loans silver Credit Union of Southern California 30 Year Conventional Loans bronze
Show all (4) awards

Relative Rate

Credit Union Of Southern California's average 30 year fixed mortgage rate was 6.29%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.19%.

Relative Fees (Closing Costs)

Credit Union Of Southern California's average total fees/closing costs for a 30 year fixed rate mortgage were $6,593.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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) 538 $109,680,000 $203,866 $2,591 7.80%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 201 $35,895,000 $178,582 $2,196 7.84%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $3,335,000 $476,429 $4,587 6.71%
STOCKTON, CA (FHA|USDA|VA) 1 $705,000 $705,000 $4,474 6.50%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $455,000 $151,667 $50 7.50%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $450,000 $225,000 $0 7.60%
Outside of Metro Areas 1 $355,000 $355,000 $5,749 6.38%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.50%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $95,000 $95,000 $95 8.00%
Credit Union Of Southern California's top markets include Los Angeles, Riverside, San Diego, Stockton, 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 Credit Union of Southern California based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    LBS FINANCIAL
    Similarity Rank: 258
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 477
    ALTURA
    Similarity Rank: 560
    LA Financial Federal Credit Union
    Similarity Rank: 660
    FRONTWAVE
    Similarity Rank: 660
    I.L.W.U. CREDIT UNION
    Similarity Rank: 680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 395 $46,325,000 $117,278 n/a 8.42%
    Conventional 360 $104,900,000 $291,389 $2,505 7.11%

    For 2023, Credit Union Of Southern California's most frequently originated type of loan was HELOC, with 395 originations. Their 2nd most popular type was Conventional, with 360 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 507 $60,525,000 $119,379 $219 8.16%
    Cash Out Refi 156 $28,890,000 $185,192 $1,418 7.50%
    Home Purchase 76 $49,060,000 $645,526 $8,206 6.33%
    Refi 14 $11,660,000 $832,857 $3,967 6.29%
    NA 2 $1,090,000 $545,000 $3,120 6.00%

    For 2023, Credit Union Of Southern California's most frequently cited loan purpose was Other, with 507 originations. The 2nd most popular reason was Cash Out Refi, with 156 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 487 $57,305,000 $117,669 $51 8.35%
    30 Year 113 $62,195,000 $550,398 $6,593 6.29%
    15 Year 91 $7,415,000 $81,484 $105 7.17%
    20 Year 45 $5,055,000 $112,333 $211 7.45%
    10 Year 19 $19,255,000 $1,013,421 $0 6.35%

    For 2023, Credit Union Of Southern California's most frequently cited loan duration was Other, with 487 originations. The 2nd most popular length was 30 Year, with 113 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 229 $24,715,000 $107,926
    $1k-2k 72 $41,590,000 $577,639
    $2k-3k 15 $6,085,000 $405,667
    $5k+ 14 $8,940,000 $638,571
    $3k-4k 7 $2,395,000 $342,143
    $4k-5k 4 $1,920,000 $480,000

    Credit Union Of Southern California's average total fees were $6,593, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 229 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 313 $36,365,000 $116,182
    7-8% 251 $36,695,000 $146,195
    6-7% 145 $48,155,000 $332,103
    5-6% 42 $28,180,000 $670,952
    4-5% 4 $1,830,000 $457,500

    During 2023, Credit Union Of Southern California's average interest rate for loans was 6.29%, while their most frequently originated rate bucket for loans was Over 8%, with 313 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 313 $18,875,000 $60,304 $204 7.99%
    $100k-200k 232 $30,300,000 $130,603 $810 8.13%
    $200k-400k 122 $31,420,000 $257,541 $3,676 7.76%
    $400k-600k 40 $19,550,000 $488,750 $6,798 6.26%
    $600k-1MM 31 $24,925,000 $804,032 $8,297 6.33%
    $1MM+ 17 $26,155,000 $1,538,529 $8,156 6.29%

    2023 saw Credit Union Of Southern California place emphasis on $100,000 or less loans with 313 originations, totaling $18,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 232 $31,190,000 $134,440 $1,654 7.92%
    $150k-250k 231 $65,635,000 $284,134 $3,276 7.70%
    $75k-100k 131 $14,225,000 $108,588 $1,857 8.01%
    $50k-75k 76 $6,370,000 $83,816 $1,122 7.77%
    $250k+ 60 $30,140,000 $502,333 $5,427 7.40%
    $50k or less 24 $3,000,000 $125,000 $3,132 7.48%

    Credit Union Of Southern California lent most frequently to those with incomes in the $100k-150k range, with 232 originations. The second most popular income band? $150k-250k, with 231 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 95 $13,355,000 $140,579 $1,474 7.74%
    50-60% 95 $20,125,000 $211,842 $7,080 7.94%
    42% 75 $8,445,000 $112,600 $650 7.69%
    49% 67 $10,885,000 $162,463 $7,886 8.05%
    20-30% 57 $7,555,000 $132,544 $1,090 7.50%
    41% 41 $6,565,000 $160,122 $1,109 7.85%
    48% 36 $7,810,000 $216,944 $9,104 8.26%
    44% 36 $10,470,000 $290,833 $6,324 8.11%
    40% 28 $3,630,000 $129,643 $446 7.69%
    47% 28 $6,680,000 $238,571 $5,497 8.07%
    43% 27 $6,205,000 $229,815 $4,384 7.90%
    46% 27 $4,905,000 $181,667 $6,985 8.01%
    39% 25 $4,525,000 $181,000 $1,689 7.72%
    37% 23 $3,235,000 $140,652 $2,314 7.76%
    45% 22 $6,760,000 $307,273 $5,308 8.22%
    36% 22 $3,760,000 $170,909 $1,411 7.35%
    38% 20 $5,220,000 $261,000 $2,191 7.19%
    <20% 12 $1,840,000 $153,333 $2,669 7.69%

    Credit Union Of Southern California lent most frequently to those with DTI ratios of 30-36%, with 95 originations. The next most common DTI ratio? 50-60%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 345 $60,625,000 $175,725 $2,480 7.77%
    Not provided 260 $44,550,000 $171,346 $1,693 7.89%
    Asian 93 $35,465,000 $381,344 $5,000 7.50%
    Black 31 $6,275,000 $202,419 $1,434 7.76%
    American Indian 23 $2,655,000 $115,435 $1,405 8.32%
    Other Asian 1 $935,000 $935,000 $0 5.63%
    Native Hawaiian or Islander 2 $720,000 $360,000 $8,046 7.94%

    Approval Rates

    Total approvals of all applications
    74.59%

    Credit Union Of Southern California has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.68%

    Credit Union Of Southern California has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 30 $3,720,000 $124,000
    300.0 1 $125,000 $125,000
    45.0 2 $510,000 $255,000
    850.0 1 $55,000 $55,000
    NA 721 $146,815,000 $203,627

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    755 $151,225,000 $200,298

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 141 $30,415,000 $215,709 $2,621 7.94%
    40-60% 36 $21,920,000 $608,889 $6,671 6.23%
    60-80% 32 $26,010,000 $812,813 $6,846 6.37%
    80-100% 33 $24,665,000 $747,424 $7,493 6.31%
    Over 100% 2 $1,900,000 $950,000 $0 7.01%
    Under 20% 511 $46,315,000 $90,636 $229 8.05%