Eagle Community Credit Union Mortgage Rates, Fees & InfoFoothill Ranch, CA
Tax ID: 95-1068549
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewEagle 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, Napa, and San Luis Obispo 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. They typically have relatively high rates.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.32%||9/25/23|
|30 Year Conventional Purchase||6.27%||9/25/23|
|15 Year Conventional Purchase||6.40%||9/25/23|
|15 Year Conventional Refi||6.63%||9/25/23|
|15 Year Cash-out Refi||6.63%||9/25/23|
|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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$80,520,000
Eagle Community Credit Union's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.47%.
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)||525||$74,165,000||$141,267||$0||7.07%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||49||$5,155,000||$105,204||$0||6.77%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||5||$565,000||$113,000||$0||6.13%|
|NAPA, CA (FHA|USDA|VA)||2||$550,000||$275,000||$0||7.30%|
|SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA)||1||$85,000||$85,000||$0||8.80%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Eagle Community Credit Union's most frequently originated type of loan was Conventional, with 486 originations. Their 2nd most popular type was HELOC, with 96 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Eagle Community Credit Union's most frequently cited loan purpose was Home Purchase, with 420 originations. The 2nd most popular reason was Refi, with 74 originations.
For 2022, Eagle Community Credit Union's most frequently cited loan duration was 20 Year, with 472 originations. The 2nd most popular length was 30 Year, with 96 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
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 bucket, with 486 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Eagle Community Credit Union's average interest rate for loans was 5.23%, while their most frequently originated rate bucket for loans was 6-7%, with 206 originations.
|Loan Size||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|$100,000 or less||160||$10,980,000||$68,625||$0||6.74%|
2022 saw Eagle Community Credit Union place emphasis on $100k-200k loans with 331 originations, totaling $46,765,000 in origination value.
Eagle Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 205 originations. The second most popular income band? $75k-100k, with 132 originations.
Applicant Debt to Income Ratio
Eagle Community Credit Union lent most frequently to those with DTI ratios of 30-36%, with 127 originations. The next most common DTI ratio? 20-30%, with 107 originations.
Approval RatesTotal approvals of all applications
Eagle Community Credit Union has a below average approval rate.
Pick RateApprovals leading to origination
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|