Eagle Community Credit Union Mortgage Rates, Fees & Info

Foothill Ranch, CA

LEI: 254900WZ3RTY75P7HO83

Tax ID: 95-1068549

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Mortgage Data

Review & Overview

Eagle Community Credit Union is a smaller credit union specializing in Home Purchase loans. Eagle Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, and Oxnard among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Eagle Community 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.

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
Home Equity Line of Credit (HELOC) 6.32% 6/9/24
30 Year Conventional Purchase 6.27% 6/9/24
15 Year Conventional Purchase 6.40% 6/9/24
15 Year Conventional Refi 6.63% 6/9/24
15 Year Cash-out Refi 6.63% 6/9/24
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.

Eagle Community Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Eagle Community 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

312

Origination Dollar Volume (All Markets)

$41,040,000

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) 241 $33,475,000 $138,900 $1,447 9.11%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 55 $5,615,000 $102,091 $1,448 9.41%
Outside of Metro Areas 13 $1,525,000 $117,308 $1,433 8.98%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $370,000 $185,000 $1,450 8.48%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.75%
Eagle Community Credit Union's top markets include Los Angeles, Riverside, San Diego, and Oxnard among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 264 $35,410,000 $134,129 $1,446 9.28%
    HELOC 48 $5,630,000 $117,292 n/a 8.44%

    For 2023, Eagle Community Credit Union's most frequently originated type of loan was Conventional, with 264 originations. Their 2nd most popular type was HELOC, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 227 $30,425,000 $134,031 $1,447 9.26%
    Refi 36 $5,060,000 $140,556 $1,441 9.29%
    Home Improvement 33 $3,955,000 $119,848 $1,450 8.52%
    Other 16 $1,600,000 $100,000 $0 8.55%

    For 2023, Eagle Community Credit Union's most frequently cited loan purpose was Home Purchase, with 227 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 248 $34,150,000 $137,702 $1,446 9.26%
    Other 51 $6,105,000 $119,706 $1,450 8.50%
    15 Year 9 $615,000 $68,333 $1,460 9.66%
    10 Year 4 $170,000 $42,500 $1,449 9.16%

    For 2023, Eagle Community Credit Union's most frequently cited loan duration was 20 Year, with 248 originations. The 2nd most popular length was Other, with 51 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 230 $30,720,000 $133,565
    $<1k 33 $4,615,000 $139,848

    Eagle Community Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 230 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 285 $37,285,000 $130,825
    7-8% 22 $3,230,000 $146,818

    During 2023, Eagle Community Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 285 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 185 $26,115,000 $141,162 $1,448 9.08%
    $100,000 or less 95 $6,355,000 $66,895 $1,443 9.36%
    $200k-400k 29 $7,175,000 $247,414 $1,448 9.01%
    $400k-600k 3 $1,395,000 $465,000 $1,448 8.23%

    2023 saw Eagle Community Credit Union place emphasis on $100k-200k loans with 185 originations, totaling $26,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 102 $14,020,000 $137,451 $1,451 9.23%
    $75k-100k 78 $9,180,000 $117,692 $1,447 9.21%
    $150k-250k 59 $8,845,000 $149,915 $1,441 8.93%
    $50k-75k 42 $3,720,000 $88,571 $1,441 9.38%
    $250k+ 23 $4,765,000 $207,174 $1,444 8.70%
    $50k or less 8 $510,000 $63,750 $1,449 9.37%

    Eagle Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 102 originations. The second most popular income band? $75k-100k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 52 $6,710,000 $129,038 $1,449 9.12%
    50-60% 40 $5,570,000 $139,250 $1,448 9.02%
    20-30% 31 $4,945,000 $159,516 $1,443 8.98%
    43% 21 $3,305,000 $157,381 $1,442 9.36%
    <20% 17 $2,345,000 $137,941 $1,447 8.96%
    40% 16 $2,150,000 $134,375 $1,447 9.41%
    37% 14 $1,430,000 $102,143 $1,450 9.02%
    41% 14 $1,990,000 $142,143 $1,445 8.91%
    42% 13 $1,535,000 $118,077 $1,441 9.62%
    36% 13 $1,615,000 $124,231 $1,449 9.20%
    38% 12 $1,400,000 $116,667 $1,455 8.81%
    49% 11 $1,095,000 $99,545 $1,449 9.10%
    39% 11 $1,045,000 $95,000 $1,465 9.78%
    44% 9 $1,025,000 $113,889 $1,437 9.16%
    46% 9 $1,085,000 $120,556 $1,449 9.16%
    47% 8 $870,000 $108,750 $1,425 10.01%
    48% 7 $1,085,000 $155,000 $1,450 8.91%
    45% 7 $1,085,000 $155,000 $1,447 8.90%
    >60% 4 $560,000 $140,000 $1,429 9.13%

    Eagle Community Credit Union lent most frequently to those with DTI ratios of 30-36%, with 52 originations. The next most common DTI ratio? 50-60%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 167 $22,425,000 $134,281 $1,447 9.24%
    Not provided 64 $8,500,000 $132,813 $1,442 9.18%
    Not applicable 46 $5,830,000 $126,739 $1,447 9.02%
    Asian 24 $3,300,000 $137,500 $1,449 8.90%
    Vietnamese 2 $230,000 $115,000 $1,450 8.80%
    Asian Indian 2 $210,000 $105,000 $1,450 9.10%
    Filipino 3 $205,000 $68,333 $1,450 8.48%
    Native Hawaiian or Islander 2 $120,000 $60,000 $1,450 8.88%
    Other Asian 1 $115,000 $115,000 $1,450 8.30%
    Black 1 $105,000 $105,000 $1,450 8.45%

    Approval Rates

    Total approvals of all applications
    72.47%

    Eagle Community Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    -85.26%

    Eagle Community 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 312 $41,040,000 $131,538

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    312 $41,040,000 $131,538

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $3,305,000 $132,200 $1,445 8.95%
    40-60% 30 $3,500,000 $116,667 $1,450 9.00%
    60-80% 150 $21,070,000 $140,467 $1,445 9.28%
    80-100% 64 $9,200,000 $143,750 $1,450 9.44%
    Under 20% 40 $3,520,000 $88,000 $1,445 8.45%