Eagle Community Credit Union Mortgage Rates, Fees & Info
Foothill Ranch, CALEI: 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 two markets are Los Angeles and Riverside .Eagle Community Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.32% | 4/28/24 |
| 30 Year Conventional Purchase | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 6.40% | 4/28/24 |
| 15 Year Conventional Refi | 6.63% | 4/28/24 |
| 15 Year Cash-out Refi | 6.63% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
278Origination Dollar Volume (All Markets)
$30,880,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 272 | $30,160,000 | $110,882 | $0 | 6.86% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $720,000 | $120,000 | $0 | 6.71% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 278 | $30,880,000 | $111,079 | $0 | 6.85% |
For 2019, Eagle Community Credit Union's most frequently originated type of loan was Conventional, with 278 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 243 | $27,045,000 | $111,296 | $0 | 6.86% |
| Refi | 35 | $3,835,000 | $109,571 | $0 | 6.79% |
For 2019, Eagle Community Credit Union's most frequently cited loan purpose was Home Purchase, with 243 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
For 2019, Eagle Community Credit Union's most frequently cited loan duration was 20 Year, with 220 originations. The 2nd most popular length was 10 Year, with 33 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 275 | $30,615,000 | $111,327 |
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 275 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 141 | $16,215,000 | $115,000 |
| 6-7% | 66 | $7,340,000 | $111,212 |
| Over 8% | 40 | $4,340,000 | $108,500 |
| 7-8% | 31 | $2,985,000 | $96,290 |
During 2019, Eagle Community Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 141 originations.
Loan Sizing
2019 saw Eagle Community Credit Union place emphasis on $100k-200k loans with 133 originations, totaling $18,175,000 in origination value.
Applicant Income
Eagle Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 72 originations. The second most popular income band? $75k-100k, with 66 originations.
Applicant Debt to Income Ratio
Eagle Community Credit Union lent most frequently to those with DTI ratios of 50-60%, with 46 originations. The next most common DTI ratio? 20-30%, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.56%
Eagle Community Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination77.70%
Eagle Community Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1210.0 | 5 | $395,000 | $79,000 |
| 1230.0 | 5 | $675,000 | $135,000 |
| 1235.0 | 78 | $7,820,000 | $100,256 |
| 1311.0 | 10 | $990,000 | $99,000 |
| 1331.0 | 9 | $995,000 | $110,556 |
| 1336.0 | 160 | $18,490,000 | $115,563 |
| 495.0 | 1 | $245,000 | $245,000 |
| 520.0 | 10 | $1,270,000 | $127,000 |