Aerospace Federal Credit Union Mortgage Rates, Fees & Info
El Segundo, CALEI: 5493004CZUGDTDC6QB68
Tax ID: 95-6045547
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Aerospace Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Aerospace Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Antonio, and Miami among others. We have data for 4 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.10% | 10/29/24 |
| 30 Year Conventional Refi | 6.27% | 10/29/24 |
| 30 Year Cash-out Refi | 6.13% | 10/29/24 |
| 15 Year Conventional Purchase | 5.22% | 10/29/24 |
| 15 Year Conventional Refi | 5.68% | 10/29/24 |
| 15 Year Cash-out Refi | 5.68% | 10/29/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
44Origination Dollar Volume (All Markets)
$14,350,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 40 | $13,150,000 | $328,750 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $14,350,000 | $326,136 | $0 | 0.00% |
For 2018, Aerospace Federal Credit Union's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 25 | $9,255,000 | $370,200 | $0 | 0.00% |
| Cash Out Refi | 17 | $4,745,000 | $279,118 | $0 | 0.00% |
| Refi | 2 | $350,000 | $175,000 | $0 | 0.00% |
For 2018, Aerospace Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $14,350,000 | $326,136 | $0 | 0.00% |
For 2018, Aerospace Federal Credit Union's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2018 saw Aerospace Federal Credit Union place emphasis on $200k-400k loans with 21 originations, totaling $5,965,000 in origination value.
Applicant Income
Aerospace Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 44 | $14,350,000 | $326,136 | $0 | 0.00% |
Aerospace Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.83%
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 origination54.55%
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 |
|---|---|---|---|
| Exempt | 44 | $14,350,000 | $326,136 |