Credit Union West Mortgage Rates, Fees & Info

Glendale, AZ

LEI: 54930065Z1DW0CWIZQ58

Tax ID: 86-0108241

5 stars - Updated: 4/5/25 - out of 5 stars, based on 25 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Credit Union West is a smaller credit union specializing in Other and Home Improvement loans. Credit Union West has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Prescott Valley, Tucson, Safford, and Flagstaff among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Credit Union West 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. Credit Union West 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
    Home Equity Line of Credit (HELOC) 6.72% 4/5/25
    30 Year Conventional Purchase 6.50% 4/5/25
    30 Year Conventional Refi 6.57% 4/5/25
    30 Year Cash-out Refi 6.79% 4/5/25
    30 Year VA Purchase 6.74% 4/5/25
    15 Year Conventional Purchase 5.80% 4/5/25
    15 Year Conventional Refi 5.83% 4/5/25
    15 Year Cash-out Refi 5.83% 4/5/25
    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.

    Credit Union West Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Credit Union West. 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

    641

    Origination Dollar Volume (All Markets)

    $73,245,000
    Show all (5) awards

    Relative Rate

    Credit Union West's average 30 year fixed mortgage rate was 6.44%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.11%.

    Relative Fees (Closing Costs)

    Credit Union West's average total fees/closing costs for a 30 year fixed rate mortgage were $4,896.

    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 $8,356.

    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
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 534 $59,540,000 $111,498 $954 8.94%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 87 $9,875,000 $113,506 $1,637 8.61%
    TUCSON, AZ (FHA|USDA|VA) 5 $775,000 $155,000 $1,801 7.75%
    Safford, AZ (FHA|USDA|VA) 2 $520,000 $260,000 $3,746 7.81%
    FLAGSTAFF, AZ (FHA|USDA|VA) 3 $505,000 $168,333 $0 8.96%
    Show Low, AZ (FHA|USDA|VA) 2 $460,000 $230,000 $4,976 6.19%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $460,000 $230,000 $3,378 8.19%
    YUMA, AZ (FHA|USDA|VA) 2 $410,000 $205,000 $3,776 6.63%
    COLUMBUS, OH (FHA|USDA|VA) 1 $355,000 $355,000 $4,139 6.50%
    TOLEDO, OH (FHA|USDA|VA) 1 $145,000 $145,000 $4,939 6.38%
    Payson, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $5,417 7.00%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.75%
    Credit Union West's top markets include Phoenix, Prescott Valley, Tucson, Safford, and Flagstaff among others.

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

    • Similar Lenders

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

    First Credit Union
    Similarity Rank: 180
    Bankers Trust Company
    Similarity Rank: 380
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 504
    CREDIT UNION WEST
    Similarity Rank: 756
    ARIZONA CENTRAL
    Similarity Rank: 780
    VANTAGE WEST
    Similarity Rank: 850
    OneAZ Credit Union
    Similarity Rank: 888
    Canyon State Credit Union
    Similarity Rank: 990
    FirstBank
    Similarity Rank: 1140
    FISHER FINANCIAL GROUP, INCORPORATED
    Similarity Rank: 1456

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 403 $47,075,000 $116,811 $1,065 8.72%
    HELOC 235 $25,395,000 $108,064 n/a 9.11%
    VA 3 $775,000 $258,333 $10,140 6.54%

    For 2024, Credit Union West's most frequently originated type of loan was Conventional, with 403 originations. Their 2nd most popular type was HELOC, with 235 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 331 $30,205,000 $91,254 $496 9.20%
    Home Improvement 246 $24,430,000 $99,309 $504 8.97%
    Home Purchase 45 $14,475,000 $321,667 $5,555 6.51%
    Cash Out Refi 10 $1,600,000 $160,000 $2,667 7.64%
    Refi 9 $2,535,000 $281,667 $3,409 5.86%

    For 2024, Credit Union West's most frequently cited loan purpose was Other, with 331 originations. The 2nd most popular reason was Home Improvement, with 246 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 317 $32,005,000 $100,962 $388 9.18%
    15 Year 135 $12,675,000 $93,889 $541 9.07%
    Other 85 $7,395,000 $87,000 $366 9.02%
    30 Year 63 $18,775,000 $298,016 $4,896 6.44%
    10 Year 39 $2,325,000 $59,615 $430 9.08%
    5 Year 2 $70,000 $35,000 $344 7.75%

    For 2024, Credit Union West's most frequently cited loan duration was 20 Year, with 317 originations. The 2nd most popular length was 15 Year, with 135 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 342 $29,520,000 $86,316
    $1k-2k 34 $10,260,000 $301,765
    $2k-3k 15 $3,585,000 $239,000
    $3k-4k 7 $2,075,000 $296,429
    $4k-5k 3 $885,000 $295,000
    $5k+ 3 $1,155,000 $385,000

    Credit Union West's average total fees were $4,896, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 342 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 495 $46,575,000 $94,091
    7-8% 76 $7,120,000 $93,684
    6-7% 49 $14,255,000 $290,918
    5-6% 19 $4,715,000 $248,158
    4-5% 2 $580,000 $290,000

    During 2024, Credit Union West's average interest rate for loans was 6.44%, while their most frequently originated rate bucket for loans was Over 8%, with 495 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 370 $21,300,000 $57,568 $421 9.22%
    $100k-200k 190 $25,310,000 $133,211 $958 8.75%
    $200k-400k 64 $17,720,000 $276,875 $3,838 7.59%
    $400k-600k 13 $6,125,000 $471,154 $6,388 6.82%
    $600k-1MM 4 $2,790,000 $697,500 $6,838 6.22%

    2024 saw Credit Union West place emphasis on $100,000 or less loans with 370 originations, totaling $21,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 170 $17,880,000 $105,176 $1,117 8.97%
    $150k-250k 147 $21,685,000 $147,517 $1,200 8.98%
    $50k-75k 125 $11,435,000 $91,480 $1,328 8.56%
    $75k-100k 112 $10,670,000 $95,268 $1,153 8.98%
    $50k or less 44 $3,280,000 $74,545 $986 8.64%
    $250k+ 43 $8,295,000 $192,907 $214 8.73%

    Credit Union West lent most frequently to those with incomes in the $100k-150k range, with 170 originations. The second most popular income band? $150k-250k, with 147 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 142 $15,460,000 $108,873 $1,385 8.82%
    20-30% 107 $12,615,000 $117,897 $1,260 8.57%
    44% 40 $5,380,000 $134,500 $1,336 9.07%
    41% 37 $4,505,000 $121,757 $1,045 8.88%
    40% 35 $3,965,000 $113,286 $720 9.03%
    42% 33 $3,215,000 $97,424 $718 8.73%
    <20% 30 $3,030,000 $101,000 $846 8.70%
    36% 30 $3,240,000 $108,000 $891 9.12%
    38% 30 $2,530,000 $84,333 $403 9.48%
    43% 30 $4,480,000 $149,333 $1,567 9.10%
    39% 29 $2,825,000 $97,414 $934 8.73%
    37% 23 $2,415,000 $105,000 $657 8.50%
    45% 18 $1,400,000 $77,778 $595 9.49%
    50-60% 14 $1,890,000 $135,000 $461 9.21%
    46% 13 $1,355,000 $104,231 $779 8.59%
    48% 10 $1,640,000 $164,000 $1,577 8.72%
    47% 7 $655,000 $93,571 $224 8.78%
    49% 7 $1,695,000 $242,143 $3,450 7.09%
    >60% 6 $950,000 $158,333 $3,277 9.94%

    Credit Union West lent most frequently to those with DTI ratios of 30-36%, with 142 originations. The next most common DTI ratio? 20-30%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 516 $58,860,000 $114,070 $1,201 8.83%
    Not provided 73 $9,335,000 $127,877 $1,137 8.85%
    Black 32 $3,000,000 $93,750 $373 9.15%
    Asian 10 $1,010,000 $101,000 $794 9.20%
    American Indian 7 $565,000 $80,714 $261 9.25%
    Native Hawaiian or Islander 3 $475,000 $158,333 $2,442 8.46%

    Approval Rates

    Total approvals of all applications
    66.74%

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

    Pick Rate

    Approvals leading to origination
    61.15%

    Credit Union West 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 641 $73,245,000 $114,267

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    641 $73,245,000 $114,267

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 162 $21,890,000 $135,123 $790 9.05%
    40-60% 27 $6,845,000 $253,519 $3,050 7.24%
    60-80% 31 $9,595,000 $309,516 $4,730 7.08%
    80-100% 21 $7,335,000 $349,286 $5,413 6.59%
    Over 100% 1 $455,000 $455,000 $17,839 6.63%
    Under 20% 399 $27,125,000 $67,982 $390 9.15%