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 and Refi loans. Arrowhead Central Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Riverside, Los Angeles, San Diego, and Lake Havasu City among others. We have data for 4 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% 12/16/24
    30 Year Conventional Refi 6.50% 12/16/24
    30 Year Cash-out Refi 6.36% 12/16/24
    15 Year Conventional Purchase 6.65% 12/16/24
    15 Year Conventional Refi 6.56% 12/16/24
    15 Year Cash-out Refi 6.56% 12/16/24
    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

    367

    Origination Dollar Volume (All Markets)

    $66,875,000

    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) 353 $63,835,000 $180,836 $3,998 3.96%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 11 $2,415,000 $219,545 $3,553 3.48%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $610,000 $305,000 $3,178 3.13%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.80%
    Arrowhead Central Credit Union's top markets include Riverside, Los Angeles, San Diego, and Lake Havasu City among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (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.

    Los Angeles Federal Credit Union
    Similarity Rank: 170
    Credence Funding Corporation
    Similarity Rank: 404
    USC Credit Union
    Similarity Rank: 880
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 910
    ALTURA
    Similarity Rank: 923
    First City Credit Union
    Similarity Rank: 924
    Chaffey Federal Credit Union
    Similarity Rank: 966
    MONARCH FUNDING CORP.
    Similarity Rank: 1415
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 1488
    FRONTWAVE
    Similarity Rank: 1520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 367 $66,875,000 $182,221 $3,975 3.94%

    For 2021, Arrowhead Central Credit Union's most frequently originated type of loan was Conventional, with 367 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 280 $44,280,000 $158,143 $4,031 4.24%
    Refi 80 $20,050,000 $250,625 $3,756 3.00%
    Home Purchase 7 $2,545,000 $363,571 $5,081 2.96%

    For 2021, Arrowhead Central Credit Union's most frequently cited loan purpose was Home Improvement, with 280 originations. The 2nd most popular reason was Refi, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 170 $45,160,000 $265,647 $4,279 3.19%
    20 Year 102 $7,620,000 $74,706 $3,354 5.36%
    15 Year 51 $9,505,000 $186,373 $3,308 2.72%
    10 Year 32 $1,560,000 $48,750 $2,460 5.21%
    Other 12 $3,030,000 $252,500 $2,854 4.38%

    For 2021, Arrowhead Central Credit Union's most frequently cited loan duration was 30 Year, with 170 originations. The 2nd most popular length was 20 Year, with 102 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 130 $32,470,000 $249,769
    $<1k 40 $3,080,000 $77,000
    $2k-3k 37 $8,665,000 $234,189
    $3k-4k 22 $6,290,000 $285,909
    $4k-5k 18 $5,040,000 $280,000
    $5k+ 16 $4,620,000 $288,750

    Arrowhead Central Credit Union's average total fees were $4,279, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 130 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 120 $5,890,000 $49,083
    2.5-3% 115 $27,645,000 $240,391
    3-4% 102 $27,160,000 $266,275
    <2.5% 20 $3,490,000 $174,500
    4-5% 7 $2,555,000 $365,000
    6-7% 3 $135,000 $45,000

    During 2021, Arrowhead Central Credit Union's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 5-6%, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 137 $38,065,000 $277,847 $4,407 3.13%
    $100,000 or less 126 $6,030,000 $47,857 $2,693 5.42%
    $100k-200k 81 $11,995,000 $148,086 $3,187 3.19%
    $400k-600k 22 $10,130,000 $460,455 $4,401 3.40%
    $600k-1MM 1 $655,000 $655,000 $5,307 3.25%

    2021 saw Arrowhead Central Credit Union place emphasis on $200k-400k loans with 137 originations, totaling $38,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 106 $19,160,000 $180,755 $4,302 4.08%
    $50k-75k 90 $15,650,000 $173,889 $3,907 3.73%
    $75k-100k 81 $15,855,000 $195,741 $4,103 3.79%
    $150k-250k 47 $8,205,000 $174,574 $3,713 4.77%
    $50k or less 36 $5,250,000 $145,833 $3,415 3.30%
    $250k+ 3 $945,000 $315,000 $3,988 3.71%

    Arrowhead Central Credit Union lent most frequently to those with incomes in the $100k-150k range, with 106 originations. The second most popular income band? $50k-75k, with 90 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 86 $15,280,000 $177,674 $4,312 3.86%
    30-36% 77 $12,105,000 $157,208 $3,876 4.09%
    42% 28 $3,610,000 $128,929 $3,860 4.57%
    41% 23 $3,355,000 $145,870 $3,399 4.67%
    <20% 20 $3,890,000 $194,500 $3,249 3.28%
    37% 16 $3,310,000 $206,875 $3,672 3.93%
    38% 15 $2,915,000 $194,333 $4,161 4.17%
    43% 14 $3,330,000 $237,857 $3,861 3.91%
    40% 13 $1,955,000 $150,385 $4,541 4.09%
    36% 13 $2,105,000 $161,923 $3,505 4.48%
    45% 12 $2,920,000 $243,333 $4,345 3.25%
    39% 11 $2,285,000 $207,727 $3,769 3.48%
    47% 9 $2,125,000 $236,111 $4,228 3.24%
    44% 7 $1,455,000 $207,857 $4,374 3.24%
    49% 6 $1,740,000 $290,000 $4,659 3.13%
    48% 5 $1,225,000 $245,000 $3,316 2.93%
    50-60% 5 $1,095,000 $219,000 $3,934 3.20%
    46% 3 $365,000 $121,667 $2,587 3.63%

    Arrowhead Central Credit Union lent most frequently to those with DTI ratios of 20-30%, with 86 originations. The next most common DTI ratio? 30-36%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 259 $48,895,000 $188,784 $3,868 3.71%
    Not provided 59 $9,135,000 $154,831 $4,198 4.78%
    Black 32 $5,890,000 $184,063 $3,923 4.16%
    Asian 9 $1,995,000 $221,667 $6,002 3.33%
    American Indian 5 $725,000 $145,000 $6,304 4.70%
    Native Hawaiian or Islander 2 $180,000 $90,000 $0 5.50%
    Other Asian 1 $55,000 $55,000 $0 5.80%

    Approval Rates

    Total approvals of all applications
    64.22%

    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
    59.13%

    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 367 $66,875,000 $182,221

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    367 $66,875,000 $182,221

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $7,880,000 $135,862 $3,006 3.25%
    40-60% 86 $20,780,000 $241,628 $3,896 3.01%
    60-80% 95 $29,855,000 $314,263 $4,504 3.20%
    80-100% 6 $2,090,000 $348,333 $6,103 3.48%
    Over 100% 1 $495,000 $495,000 $0 4.99%
    Under 20% 121 $5,775,000 $47,727 $2,739 5.53%