Operating Engineers Local Union #3 Mortgage Rates, Fees & Info
Livermore, CALEI: 254900MHHOS58M9D0445
Tax ID: 94-6131870
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Mortgage Data
Review & Overview
Operating Engineers Local Union #3 is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Operating Engineers Local Union #3 has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Sacramento, Stockton, Santa Rosa, and Reno among others. We have data for 48 markets. (Some data included below & more in-depth data is available with an active subscription.)Operating Engineers Local Union #3 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.80% | 12/16/24 |
| 30 Year Conventional Refi | 5.76% | 12/16/24 |
| 30 Year Cash-out Refi | 5.78% | 12/16/24 |
| 15 Year Conventional Purchase | 4.89% | 12/16/24 |
| 15 Year Conventional Refi | 5.40% | 12/16/24 |
| 15 Year Cash-out Refi | 5.40% | 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. | ||
Operating Engineers Local Union #3 Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
187Origination Dollar Volume (All Markets)
$47,685,000Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 27 | $10,575,000 | $391,667 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 20 | $4,750,000 | $237,500 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 19 | $4,215,000 | $221,842 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 8 | $2,950,000 | $368,750 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 12 | $2,590,000 | $215,833 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 7 | $1,675,000 | $239,286 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $0 | 0.00% |
| YUBA CITY, CA (FHA|USDA|VA) | 8 | $1,270,000 | $158,750 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $0 | 0.00% |
| REDDING, CA (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 6 | $1,150,000 | $191,667 | $0 | 0.00% |
| Sonora, CA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $0 | 0.00% |
| Elko, NV (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $0 | 0.00% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 0.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 0.00% |
| Clearlake, CA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 0.00% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| Fernley, NV (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $465,000 | $155,000 | $0 | 0.00% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| CARSON CITY, NV (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| Fallon, NV (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 0.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| CHICO, CA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Susanville, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| MERCED, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| MADERA, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 187 | $47,685,000 | $255,000 | $0 | 0.00% |
For 2018, Operating Engineers Local Union #3's most frequently originated type of loan was Conventional, with 187 originations.
Loan Reason
For 2018, Operating Engineers Local Union #3's most frequently cited loan purpose was Cash Out Refi, with 94 originations. The 2nd most popular reason was Home Purchase, with 69 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 187 | $47,685,000 | $255,000 | $0 | 0.00% |
For 2018, Operating Engineers Local Union #3's most frequently cited loan duration was Other, with 187 originations.
Loan Sizing
2018 saw Operating Engineers Local Union #3 place emphasis on $200k-400k loans with 95 originations, totaling $25,955,000 in origination value.
Applicant Income
Operating Engineers Local Union #3 lent most frequently to those with incomes in the $100k-150k range, with 61 originations. The second most popular income band? $75k-100k, with 45 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 187 | $47,685,000 | $255,000 | $0 | 0.00% |
Operating Engineers Local Union #3 lent most frequently to those with DTI ratios of Exempt%, with 187 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.59%
Operating Engineers Local Union #3 has an average approval rate.
Pick Rate
Approvals leading to origination71.66%
Operating Engineers Local Union #3 has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 187 | $47,685,000 | $255,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 13 | $1,765,000 | $135,769 |
| Single Family (1-4 Units):Site-Built | 174 | $45,920,000 | $263,908 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Oportun Financial Corporation | Other type of mortgage | Improper use of your report | 1 | 100.0% |