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 markets by origination volume include: Los Angeles, Riverside, and San Diego among others. We have data for 3 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 about average rates.
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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
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
459Origination Dollar Volume (All Markets)
$56,985,000Top 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) | 438 | $55,120,000 | $125,845 | $0 | 6.66% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 19 | $1,555,000 | $81,842 | $0 | 6.46% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 4.78% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 406 | $50,860,000 | $125,271 | $0 | 7.04% |
| HELOC | 53 | $6,125,000 | $115,566 | n/a | 3.63% |
For 2021, Eagle Community Credit Union's most frequently originated type of loan was Conventional, with 406 originations. Their 2nd most popular type was HELOC, with 53 originations.
Loan Reason
For 2021, Eagle Community Credit Union's most frequently cited loan purpose was Home Purchase, with 348 originations. The 2nd most popular reason was Home Improvement, with 56 originations.
Loan Duration/Length
For 2021, Eagle Community Credit Union's most frequently cited loan duration was 20 Year, with 393 originations. The 2nd most popular length was 30 Year, with 53 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 406 | $50,860,000 | $125,271 |
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 406 originations.
Interest Rates
During 2021, Eagle Community Credit Union's average interest rate for loans was 3.63%, while their most frequently originated rate bucket for loans was 6-7%, with 188 originations.
Loan Sizing
2021 saw Eagle Community Credit Union place emphasis on $100k-200k loans with 234 originations, totaling $32,180,000 in origination value.
Applicant Income
Eagle Community Credit Union lent most frequently to those with incomes in the $75k-100k range, with 135 originations. The second most popular income band? $100k-150k, with 125 originations.
Applicant Debt to Income Ratio
Eagle Community Credit Union lent most frequently to those with DTI ratios of 30-36%, with 83 originations. The next most common DTI ratio? 50-60%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.92%
Eagle Community Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination-42.27%
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 |
|---|---|---|---|
| 1195.0 | 2 | $340,000 | $170,000 |
| 1200.0 | 7 | $885,000 | $126,429 |
| 1245.0 | 33 | $4,225,000 | $128,030 |
| 1250.0 | 364 | $45,410,000 | $124,753 |
| NA | 53 | $6,125,000 | $115,566 |