Aerospace Federal Credit Union Mortgage Rates, Fees & Info
El Segundo, CALEI: 5493004CZUGDTDC6QB68
Tax ID: 95-6045547
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.10% | 4/28/24 |
| 30 Year Conventional Refi | 6.27% | 4/28/24 |
| 30 Year Cash-out Refi | 6.13% | 4/28/24 |
| 15 Year Conventional Purchase | 5.22% | 4/28/24 |
| 15 Year Conventional Refi | 5.68% | 4/28/24 |
| 15 Year Cash-out Refi | 5.68% | 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. | ||
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
133Origination Dollar Volume (All Markets)
$52,215,000Awards
AEROSPACE FEDERAL CREDIT UNION - 2021
AEROSPACE FEDERAL CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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% |
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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
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
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
2021 saw Aerospace Federal Credit Union place emphasis on $200k-400k loans with 51 originations, totaling $15,135,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.00%
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 origination23.31%
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 |