Aerospace Federal Credit Union Mortgage Rates, Fees & Info

El Segundo, CA

LEI: 5493004CZUGDTDC6QB68

Tax ID: 95-6045547

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Aerospace Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Aerospace Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Washington, Riverside, Denver, and Colorado Springs among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

Aerospace Federal 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. Aerospace Federal Credit Union is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.10% 10/31/24
30 Year Conventional Refi 6.27% 10/31/24
30 Year Cash-out Refi 6.13% 10/31/24
15 Year Conventional Purchase 5.22% 10/31/24
15 Year Conventional Refi 5.68% 10/31/24
15 Year Cash-out Refi 5.68% 10/31/24
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.

Aerospace Federal Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Aerospace Federal 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

133

Origination Dollar Volume (All Markets)

$52,215,000

Awards

AEROSPACE FEDERAL CREDIT UNION 30 Year Conventional Loans gold AEROSPACE FEDERAL CREDIT UNION 30 Year Conventional Loans gold
Show all (2) awards

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) 71 $31,115,000 $438,239 $8,187 2.46%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 12 $4,370,000 $364,167 $6,589 2.45%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $2,360,000 $393,333 $7,941 2.50%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $2,355,000 $471,000 $10,652 2.78%
COLORADO SPRINGS, CO (FHA|USDA|VA) 5 $1,485,000 $297,000 $6,105 2.38%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $1,245,000 $1,245,000 $20,102 2.88%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,230,000 $615,000 $8,450 2.44%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $810,000 $405,000 $7,121 2.38%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $580,000 $290,000 $7,916 2.44%
BELLINGHAM, WA (FHA|USDA|VA) 1 $545,000 $545,000 $6,328 2.75%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $545,000 $545,000 $4,963 3.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $505,000 $505,000 $13,674 2.38%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $490,000 $245,000 $5,150 2.31%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $455,000 $455,000 $4,035 2.00%
MONROE, LA (FHA|USDA|VA) 1 $405,000 $405,000 $5,005 2.75%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $385,000 $385,000 $3,832 2.00%
BOULDER, CO (FHA|USDA|VA) 1 $385,000 $385,000 $6,214 2.88%
Heber, UT (FHA|USDA|VA) 1 $325,000 $325,000 $3,501 1.88%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $285,000 $285,000 $2,431 2.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $4,317 2.38%
Outside of Metro Areas 1 $235,000 $235,000 $9,607 2.88%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $205,000 $205,000 $4,653 1.88%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $205,000 $205,000 $7,144 2.75%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $205,000 $205,000 $7,074 2.75%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $200,000 $100,000 $4,729 2.81%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $185,000 $185,000 $3,891 2.63%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $165,000 $165,000 $7,317 2.13%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $115,000 $115,000 $5,543 3.00%
TULSA, OK (FHA|USDA|VA) 1 $115,000 $115,000 $5,508 1.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $105,000 $105,000 $2,239 2.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $95,000 $95,000 $5,264 3.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $85,000 $85,000 $4,931 1.88%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $85,000 $85,000 $4,693 2.13%
WICHITA, KS (FHA|USDA|VA) 1 $75,000 $75,000 $4,221 1.88%
Aerospace Federal Credit Union's top markets include Los Angeles, Washington, Riverside, Denver, and Colorado Springs among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against AEROSPACE FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Christian Community Credit Union
    Similarity Rank: 354
    First City Credit Union
    Similarity Rank: 1026
    Los Angeles Federal Credit Union
    Similarity Rank: 1230
    LA Financial Federal Credit Union
    Similarity Rank: 1374
    POPA FEDERAL CREDIT UNION
    Similarity Rank: 1380
    USC Credit Union
    Similarity Rank: 1440
    WINNPOINTE CORPORATION
    Similarity Rank: 1633
    SOUTHLAND CREDIT UNION
    Similarity Rank: 1974

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 133 $52,215,000 $392,594 $7,556 2.47%

    For 2021, Aerospace Federal Credit Union's most frequently originated type of loan was Conventional, with 133 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 59 $22,025,000 $373,305 $8,181 2.45%
    Refi 58 $21,530,000 $371,207 $6,234 2.40%
    Home Purchase 16 $8,660,000 $541,250 $10,046 2.76%

    For 2021, Aerospace Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 59 originations. The 2nd most popular reason was Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 73 $33,035,000 $452,534 $8,480 2.80%
    15 Year 60 $19,180,000 $319,667 $6,433 2.05%

    For 2021, Aerospace Federal Credit Union's most frequently cited loan duration was 30 Year, with 73 originations. The 2nd most popular length was 15 Year, with 60 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 39 $20,905,000 $536,026
    $2k-3k 34 $12,050,000 $354,412
    $3k-4k 21 $7,645,000 $364,048
    $<1k 17 $5,005,000 $294,412
    $1k-2k 17 $4,335,000 $255,000
    $4k-5k 5 $2,275,000 $455,000

    Aerospace Federal Credit Union's average total fees were $8,480, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 39 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 69 $31,265,000 $453,116
    <2.5% 64 $20,950,000 $327,344

    During 2021, Aerospace Federal Credit Union's average interest rate for loans was 2.80%, while their most frequently originated rate bucket for loans was 2.5-3%, with 69 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 51 $15,135,000 $296,765 $5,951 2.45%
    $400k-600k 37 $18,375,000 $496,622 $8,806 2.46%
    $100k-200k 19 $2,745,000 $144,474 $4,228 2.36%
    $600k-1MM 18 $12,870,000 $715,000 $11,803 2.67%
    $100,000 or less 6 $520,000 $86,667 $4,695 2.27%
    $1MM+ 2 $2,570,000 $1,285,000 $27,373 2.81%

    2021 saw Aerospace Federal Credit Union place emphasis on $200k-400k loans with 51 originations, totaling $15,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 7 $4,485,000 $640,714 $12,048 2.89%
    $250k+ 5 $2,835,000 $567,000 $10,145 2.58%
    $100k-150k 3 $935,000 $311,667 $6,891 2.75%
    $75k-100k 1 $405,000 $405,000 $5,005 2.75%

    Aerospace Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 7 originations. The second most popular income band? $250k+, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 60 $20,330,000 $338,833 $7,373 2.39%
    20-30% 37 $17,545,000 $474,189 $7,722 2.55%
    30-36% 17 $7,055,000 $415,000 $7,828 2.38%
    36% 5 $1,375,000 $275,000 $4,772 2.53%
    37% 3 $1,555,000 $518,333 $8,165 2.71%
    43% 2 $540,000 $270,000 $9,388 2.50%
    45% 2 $410,000 $205,000 $4,325 2.81%
    38% 1 $455,000 $455,000 $4,636 2.00%
    44% 1 $105,000 $105,000 $5,053 2.75%
    >60% 1 $1,325,000 $1,325,000 $34,643 2.75%
    47% 1 $305,000 $305,000 $5,607 2.75%
    48% 1 $535,000 $535,000 $7,124 2.75%
    49% 1 $255,000 $255,000 $3,137 2.13%
    40% 1 $425,000 $425,000 $7,849 2.88%

    Aerospace Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 60 originations. The next most common DTI ratio? 20-30%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 76 $30,360,000 $399,474 $7,706 2.42%
    Not provided 28 $9,480,000 $338,571 $6,192 2.45%
    Asian 12 $5,600,000 $466,667 $7,547 2.57%
    Black 11 $3,355,000 $305,000 $7,285 2.70%
    Filipino 3 $1,605,000 $535,000 $10,682 2.63%
    Asian Indian 1 $1,325,000 $1,325,000 $34,643 2.75%
    Korean 1 $385,000 $385,000 $5,161 1.88%
    Chinese 1 $105,000 $105,000 $3,412 2.00%

    Approval Rates

    Total approvals of all applications
    96.00%

    Aerospace Federal 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 origination
    23.31%

    Aerospace Federal 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 133 $52,215,000 $392,594

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    133 $52,215,000 $392,594

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $13,695,000 $291,383 $5,789 2.27%
    40-60% 32 $14,690,000 $459,063 $8,150 2.55%
    60-80% 42 $21,180,000 $504,286 $9,946 2.61%
    80-100% 2 $610,000 $305,000 $6,074 2.75%
    Under 20% 10 $2,040,000 $204,000 $4,225 2.43%