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 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, Riverside, Albuquerque, Washington, and Nashville among others. We have data for 14 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% | 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
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
36Origination Dollar Volume (All Markets)
$14,550,000Top 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) | 12 | $6,410,000 | $534,167 | $9,343 | 4.06% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $9,941 | 3.69% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $7,624 | 5.17% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $10,767 | 3.81% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $7,280 | 3.81% |
| Outside of Metro Areas | 2 | $620,000 | $310,000 | $4,059 | 2.75% |
| Crossville, TN (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $7,318 | 4.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $4,985 | 4.67% |
| BEND, OR (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $15,888 | 3.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $7,042 | 5.06% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,422 | 4.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,869 | 5.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,116 | 2.63% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.63% |
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 | 36 | $14,550,000 | $404,167 | $8,220 | 4.07% |
For 2022, Aerospace Federal Credit Union's most frequently originated type of loan was Conventional, with 36 originations.
Loan Reason
For 2022, Aerospace Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 24 | $10,200,000 | $425,000 | $9,459 | 4.60% |
| 15 Year | 12 | $4,350,000 | $362,500 | $5,967 | 3.01% |
For 2022, Aerospace Federal Credit Union's most frequently cited loan duration was 30 Year, with 24 originations. The 2nd most popular length was 15 Year, with 12 originations.
Origination Fees/Closing Costs
Aerospace Federal Credit Union's average total fees were $9,459, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 10 originations.
Interest Rates
During 2022, Aerospace Federal Credit Union's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 11 originations.
Loan Sizing
2022 saw Aerospace Federal Credit Union place emphasis on $200k-400k loans with 14 originations, totaling $4,160,000 in origination value.
Applicant Income
Aerospace Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 2 | $750,000 | $375,000 | $7,374 | 6.69% |
Aerospace Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.02%
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 origination27.78%
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 | 36 | $14,550,000 | $404,167 |