Arrowhead Central Credit Union Mortgage Rates, Fees & Info

Rancho Cucamonga, CA

LEI: 5493004GPC7K826BKF31

Tax ID: 95-1682200

5 stars - Updated: 3/27/24 - out of 5 stars, based on 26 reviews

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

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Mortgage Data

Review & Overview

Arrowhead Central Credit Union is a smaller credit union specializing in Home Improvement loans. Arrowhead Central Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Riverside, Los Angeles, Bakersfield, Lake Havasu City, and San Diego among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Arrowhead Central Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Arrowhead Central Credit Union is typically an average 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 relatively high 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 6.08% 3/27/24
30 Year Conventional Refi 6.50% 3/27/24
30 Year Cash-out Refi 6.36% 3/27/24
15 Year Conventional Purchase 6.65% 3/27/24
15 Year Conventional Refi 6.56% 3/27/24
15 Year Cash-out Refi 6.56% 3/27/24
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.

Arrowhead Central Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Arrowhead Central 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

666

Origination Dollar Volume (All Markets)

$63,130,000

Awards

ARROWHEAD CENTRAL CREDIT UNION 30 Year Conventional Loans silver ARROWHEAD CENTRAL CREDIT UNION 30 Year Conventional Loans silver ARROWHEAD CENTRAL CREDIT UNION 30 Year Conventional Loans silver
Show all (3) awards

Relative Rate

Arrowhead Central Credit Union's average 30 year fixed mortgage rate was 6.05%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.43%.

Relative Fees (Closing Costs)

Arrowhead Central Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,733.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 617 $57,095,000 $92,536 $6,138 7.48%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 27 $4,415,000 $163,519 $9,446 7.09%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $585,000 $585,000 $0 7.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 12 $490,000 $40,833 $0 7.96%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $230,000 $57,500 $0 7.19%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $90,000 $45,000 $0 8.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.75%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.25%
Arrowhead Central Credit Union's top markets include Riverside, Los Angeles, Bakersfield, Lake Havasu City, and San Diego among others.

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

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

    ALTURA
    Similarity Rank: 176
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 276
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 477
    FRONTWAVE
    Similarity Rank: 660
    MONARCH FUNDING CORP.
    Similarity Rank: 1084
    CAMPOS FINANCIAL CORP.
    Similarity Rank: 1125
    CHOICE LENDING CORP.
    Similarity Rank: 1215
    F&A Federal Credit Union
    Similarity Rank: 1260
    CTBC Bank Corp. (USA)
    Similarity Rank: 1274

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 526 $51,130,000 $97,205 $6,322 7.10%
    HELOC 140 $12,000,000 $85,714 n/a 8.88%

    For 2023, Arrowhead Central Credit Union's most frequently originated type of loan was Conventional, with 526 originations. Their 2nd most popular type was HELOC, with 140 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 599 $43,885,000 $73,264 $0 7.62%
    Cash Out Refi 50 $11,790,000 $235,800 $5,453 6.27%
    Home Purchase 12 $5,240,000 $436,667 $9,836 5.71%
    Refi 3 $1,045,000 $348,333 $8,566 5.38%
    Other 2 $1,170,000 $585,000 $0 7.38%

    For 2023, Arrowhead Central Credit Union's most frequently cited loan purpose was Home Improvement, with 599 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 486 $38,360,000 $78,930 $4,780 7.85%
    10 Year 111 $6,015,000 $54,189 $6,450 6.58%
    30 Year 53 $15,505,000 $292,547 $6,733 6.05%
    15 Year 8 $500,000 $62,500 $3,695 6.83%
    Other 7 $2,735,000 $390,714 $0 7.11%
    5 Year 1 $15,000 $15,000 $0 6.75%

    For 2023, Arrowhead Central Credit Union's most frequently cited loan duration was 20 Year, with 486 originations. The 2nd most popular length was 10 Year, with 111 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 21 $9,485,000 $451,667
    $2k-3k 15 $1,575,000 $105,000
    $3k-4k 10 $1,850,000 $185,000
    $4k-5k 9 $2,725,000 $302,778
    $1k-2k 8 $1,200,000 $150,000

    Arrowhead Central Credit Union's average total fees were $6,733, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 21 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 211 $17,455,000 $82,725
    7-8% 193 $16,365,000 $84,793
    Over 8% 185 $15,475,000 $83,649
    5-6% 72 $11,790,000 $163,750
    4-5% 5 $2,045,000 $409,000

    During 2023, Arrowhead Central Credit Union's average interest rate for loans was 6.05%, while their most frequently originated rate bucket for loans was 6-7%, with 211 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 480 $26,040,000 $54,250 $3,996 7.52%
    $100k-200k 126 $16,040,000 $127,302 $4,448 7.64%
    $200k-400k 41 $10,675,000 $260,366 $7,086 6.98%
    $400k-600k 15 $7,225,000 $481,667 $8,247 6.12%
    $600k-1MM 3 $1,995,000 $665,000 $14,907 5.54%
    $1MM+ 1 $1,155,000 $1,155,000 $0 7.00%

    2023 saw Arrowhead Central Credit Union place emphasis on $100,000 or less loans with 480 originations, totaling $26,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 223 $20,435,000 $91,637 $6,617 7.54%
    $150k-250k 160 $17,030,000 $106,438 $9,625 7.56%
    $75k-100k 117 $8,105,000 $69,274 $5,956 7.52%
    $50k-75k 89 $5,505,000 $61,854 $4,768 7.25%
    $250k+ 46 $7,210,000 $156,739 $14,093 7.65%
    $50k or less 28 $2,520,000 $90,000 $4,958 6.64%

    Arrowhead Central Credit Union lent most frequently to those with incomes in the $100k-150k range, with 223 originations. The second most popular income band? $150k-250k, with 160 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 131 $10,675,000 $81,489 $8,806 7.46%
    20-30% 117 $9,565,000 $81,752 $5,330 7.37%
    42% 73 $6,265,000 $85,822 $10,865 7.55%
    40% 50 $5,310,000 $106,200 $7,451 7.52%
    41% 49 $4,375,000 $89,286 $5,972 7.45%
    38% 40 $3,520,000 $88,000 $5,568 7.60%
    39% 36 $3,390,000 $94,167 $0 7.85%
    36% 31 $3,185,000 $102,742 $7,118 7.53%
    37% 30 $2,570,000 $85,667 $9,029 7.40%
    <20% 25 $1,765,000 $70,600 $3,986 7.40%
    43% 22 $2,400,000 $109,091 $7,110 7.43%
    44% 21 $2,495,000 $118,810 $5,092 7.42%
    45% 16 $2,140,000 $133,750 $6,144 7.28%
    46% 7 $645,000 $92,143 $6,487 7.96%
    48% 5 $305,000 $61,000 $4,302 7.05%
    50-60% 5 $1,345,000 $269,000 $6,728 6.73%
    49% 4 $810,000 $202,500 $4,590 6.53%
    >60% 1 $45,000 $45,000 $0 7.25%

    Arrowhead Central Credit Union lent most frequently to those with DTI ratios of 30-36%, with 131 originations. The next most common DTI ratio? 20-30%, with 117 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 375 $31,385,000 $83,693 $5,489 7.46%
    Not provided 207 $23,305,000 $112,585 $7,662 7.48%
    Black 39 $3,855,000 $98,846 $6,347 7.57%
    Asian 23 $3,155,000 $137,174 $7,316 7.02%
    American Indian 12 $760,000 $63,333 $0 7.48%
    Native Hawaiian or Islander 5 $395,000 $79,000 $0 8.50%
    Filipino 3 $165,000 $55,000 $0 8.33%
    Other Asian 1 $55,000 $55,000 $0 8.25%
    Asian Indian 1 $55,000 $55,000 $0 7.00%

    Approval Rates

    Total approvals of all applications
    50.76%

    Arrowhead Central Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    45.50%

    Arrowhead Central 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
    0.0 483 $35,375,000 $73,240
    NA 183 $27,755,000 $151,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    666 $63,130,000 $94,790

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 72 $11,400,000 $158,333 $4,298 7.65%
    40-60% 15 $5,365,000 $357,667 $6,506 6.29%
    60-80% 20 $8,310,000 $415,500 $8,576 6.08%
    80-100% 7 $2,855,000 $407,857 $9,426 5.96%
    Under 20% 552 $35,200,000 $63,768 $4,025 7.55%