Arrowhead Central Credit Union Mortgage Rates, Fees & Info

Rancho Cucamonga, CA

LEI: 5493004GPC7K826BKF31

Tax ID: 95-1682200

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, and San Diego among others. We have data for 3 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 a low 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.08% 5/4/24
    30 Year Conventional Refi 6.50% 5/4/24
    30 Year Cash-out Refi 6.36% 5/4/24
    15 Year Conventional Purchase 6.65% 5/4/24
    15 Year Conventional Refi 6.56% 5/4/24
    15 Year Cash-out Refi 6.56% 5/4/24
    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

    335

    Origination Dollar Volume (All Markets)

    $27,505,000

    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) 323 $25,235,000 $78,127 $4,371 5.71%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 11 $2,215,000 $201,364 $5,449 5.43%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.50%
    Arrowhead Central Credit Union's top markets include Riverside, Los Angeles, and San Diego among others.

    Their top states include:
  • California (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.

    LBS FINANCIAL
    Similarity Rank: 630
    Los Angeles Federal Credit Union
    Similarity Rank: 774
    FRONTWAVE
    Similarity Rank: 912
    ALTURA
    Similarity Rank: 1008
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 1064
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 1107
    MISSION
    Similarity Rank: 1260
    ORANGE COUNTY'S CREDIT UNION
    Similarity Rank: 1288
    THE FIRST FINANCIAL Federal Credit Union
    Similarity Rank: 1350
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 1386

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 335 $27,505,000 $82,104 $4,431 5.70%

    For 2019, Arrowhead Central Credit Union's most frequently originated type of loan was Conventional, with 335 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 315 $20,465,000 $64,968 $4,339 5.80%
    Refi 8 $1,760,000 $220,000 $3,508 3.94%
    Home Purchase 6 $760,000 $126,667 $4,567 4.46%
    Cash Out Refi 6 $4,520,000 $753,333 $7,316 4.28%

    For 2019, Arrowhead Central Credit Union's most frequently cited loan purpose was Home Improvement, with 315 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 152 $7,820,000 $51,447 $4,353 6.35%
    10 Year 105 $4,085,000 $38,905 $2,738 5.55%
    30 Year 48 $9,430,000 $196,458 $4,639 4.53%
    15 Year 21 $2,675,000 $127,381 $4,232 4.71%
    Other 5 $3,415,000 $683,000 $0 5.11%
    5 Year 3 $65,000 $21,667 $0 5.25%
    3 Year 1 $15,000 $15,000 $0 5.50%

    For 2019, Arrowhead Central Credit Union's most frequently cited loan duration was 20 Year, with 152 originations. The 2nd most popular length was 10 Year, with 105 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 28 $4,460,000 $159,286
    $3k-4k 11 $2,335,000 $212,273
    $2k-3k 10 $1,700,000 $170,000
    $4k-5k 9 $2,485,000 $276,111
    $<1k 8 $670,000 $83,750
    $5k+ 6 $1,730,000 $288,333

    Arrowhead Central Credit Union's average total fees were $4,639, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 28 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 156 $7,810,000 $50,064
    6-7% 104 $4,480,000 $43,077
    4-5% 33 $9,305,000 $281,970
    3-4% 30 $5,510,000 $183,667
    7-8% 12 $400,000 $33,333

    During 2019, Arrowhead Central Credit Union's average interest rate for loans was 4.53%, while their most frequently originated rate bucket for loans was 5-6%, with 156 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 269 $10,965,000 $40,762 $3,122 6.01%
    $100k-200k 31 $4,405,000 $142,097 $3,806 4.39%
    $200k-400k 31 $7,985,000 $257,581 $5,338 4.46%
    $1MM+ 2 $3,250,000 $1,625,000 $0 4.65%
    $400k-600k 2 $900,000 $450,000 $8,533 4.56%

    2019 saw Arrowhead Central Credit Union place emphasis on $100,000 or less loans with 269 originations, totaling $10,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 96 $5,880,000 $61,250 $4,032 5.73%
    $75k-100k 84 $6,420,000 $76,429 $4,913 5.80%
    $50k-75k 76 $6,250,000 $82,237 $4,424 5.73%
    $150k-250k 43 $3,935,000 $91,512 $5,051 5.78%
    $50k or less 31 $2,365,000 $76,290 $4,033 5.24%
    $250k+ 5 $2,655,000 $531,000 $0 5.25%

    Arrowhead Central Credit Union lent most frequently to those with incomes in the $100k-150k range, with 96 originations. The second most popular income band? $75k-100k, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 69 $4,045,000 $58,623 $3,911 5.43%
    30-36% 67 $3,895,000 $58,134 $4,164 5.90%
    42% 37 $1,965,000 $53,108 $4,299 6.29%
    <20% 24 $2,660,000 $110,833 $3,970 4.85%
    41% 23 $1,105,000 $48,043 $3,645 6.14%
    39% 21 $1,485,000 $70,714 $4,205 5.95%
    37% 17 $1,365,000 $80,294 $4,350 5.85%
    38% 16 $700,000 $43,750 $3,134 6.07%
    36% 15 $1,025,000 $68,333 $3,898 5.73%
    40% 14 $860,000 $61,429 $7,009 5.96%
    44% 9 $1,885,000 $209,444 $6,224 4.64%
    45% 5 $475,000 $95,000 $4,168 6.27%
    43% 5 $675,000 $135,000 $6,276 5.45%
    48% 4 $740,000 $185,000 $5,111 4.56%
    49% 4 $980,000 $245,000 $4,244 3.88%
    47% 2 $1,130,000 $565,000 $2,756 4.15%
    50-60% 2 $2,460,000 $1,230,000 $7,339 4.81%
    46% 1 $55,000 $55,000 $0 7.00%

    Arrowhead Central Credit Union lent most frequently to those with DTI ratios of 20-30%, with 69 originations. The next most common DTI ratio? 30-36%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 213 $21,675,000 $101,761 $4,520 5.51%
    Not provided 81 $3,405,000 $42,037 $2,728 6.16%
    Black 18 $1,460,000 $81,111 $3,974 5.51%
    Asian 10 $520,000 $52,000 $2,599 5.79%
    American Indian 10 $350,000 $35,000 $0 6.10%
    Native Hawaiian or Islander 3 $95,000 $31,667 $0 6.42%

    Approval Rates

    Total approvals of all applications
    60.94%

    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
    61.19%

    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
    NA 335 $27,505,000 $82,104

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $3,250,000 $1,625,000
    Single Family (1-4 Units):Site-Built 333 $24,255,000 $72,838

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 39 $4,025,000 $103,205 $3,736 5.01%
    40-60% 22 $4,850,000 $220,455 $4,350 4.24%
    60-80% 24 $7,810,000 $325,417 $4,839 4.59%
    80-100% 5 $1,625,000 $325,000 $6,661 4.55%
    Under 20% 245 $9,195,000 $37,531 $2,778 6.08%