Credit Union West Mortgage Rates, Fees & Info

Glendale, AZ

LEI: 54930065Z1DW0CWIZQ58

Tax ID: 86-0108241

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
  • Complaints
  • 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 Home Improvement, Other, and Cash Out Refi loans. Credit Union West has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Prescott Valley, Payson, Show Low, and Flagstaff among others. We have data for 6 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) 6.27% 11/21/24
    30 Year Conventional Purchase 6.70% 11/21/24
    30 Year Conventional Refi 6.40% 11/21/24
    30 Year Cash-out Refi 6.58% 11/21/24
    30 Year VA Purchase 6.27% 11/21/24
    30 Year VA Refi 6.27% 11/21/24
    15 Year Conventional Purchase 7.04% 11/21/24
    15 Year Conventional Refi 5.99% 11/21/24
    15 Year Cash-out Refi 5.99% 11/21/24
    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.

    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

    701

    Origination Dollar Volume (All Markets)

    $56,875,000

    Awards

    CREDIT UNION WEST 30 Year Conventional Loans silver CREDIT UNION WEST VA Loans bronze CREDIT UNION WEST 30 Year Conventional Loans silver CREDIT UNION WEST 30 Year Conventional Loans bronze
    Show all (4) awards

    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) 636 $50,300,000 $79,088 $978 6.22%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 58 $5,800,000 $100,000 $1,635 5.27%
    Payson, AZ (FHA|USDA|VA) 2 $320,000 $160,000 $2,476 5.88%
    Show Low, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $4,023 5.00%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.50%
    TUCSON, AZ (FHA|USDA|VA) 3 $65,000 $21,667 $424 7.75%
    Credit Union West's top markets include Phoenix, Prescott Valley, Payson, Show Low, and Flagstaff among others.

    Their top states include:
  • Arizona (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.

    Deer Valley Credit Union
    Similarity Rank: 820
    PIMA Federal Credit Union
    Similarity Rank: 1136
    VANTAGE WEST
    Similarity Rank: 1230
    ARIZONA
    Similarity Rank: 1296
    First Credit Union
    Similarity Rank: 1364
    ARIZONA CENTRAL
    Similarity Rank: 1504
    BELEM SERVICING LLC
    Similarity Rank: 1598
    Canyon State Credit Union
    Similarity Rank: 1710
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1850
    OneAZ Credit Union
    Similarity Rank: 1859

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 688 $53,960,000 $78,430 $956 6.18%
    VA 13 $2,915,000 $224,231 $5,343 3.78%

    For 2019, Credit Union West's most frequently originated type of loan was Conventional, with 688 originations. Their 2nd most popular type was VA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 302 $16,130,000 $53,411 $329 6.87%
    Other 244 $14,510,000 $59,467 $548 6.41%
    Cash Out Refi 70 $12,140,000 $173,429 $3,125 4.36%
    Home Purchase 55 $9,125,000 $165,909 $3,464 4.43%
    Refi 30 $4,970,000 $165,667 $2,816 3.86%

    For 2019, Credit Union West's most frequently cited loan purpose was Home Improvement, with 302 originations. The 2nd most popular reason was Other, with 244 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 303 $18,925,000 $62,459 $527 7.16%
    Other 149 $5,285,000 $35,470 $276 5.23%
    30 Year 120 $23,490,000 $195,750 $3,514 4.24%
    20 Year 67 $5,615,000 $83,806 $1,016 6.88%
    10 Year 56 $3,320,000 $59,286 $621 6.23%
    5 Year 6 $240,000 $40,000 $270 5.88%

    For 2019, Credit Union West's most frequently cited loan duration was 15 Year, with 303 originations. The 2nd most popular length was Other, with 149 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 535 $28,565,000 $53,393
    $1k-2k 133 $22,425,000 $168,609
    $2k-3k 20 $3,740,000 $187,000
    $3k-4k 5 $895,000 $179,000
    $5k+ 3 $755,000 $251,667
    $4k-5k 2 $340,000 $170,000

    Credit Union West's average total fees were $3,514, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 535 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 203 $10,645,000 $52,438
    4-5% 176 $16,510,000 $93,807
    3-4% 116 $18,420,000 $158,793
    Over 8% 89 $4,495,000 $50,506
    7-8% 80 $4,120,000 $51,500
    5-6% 36 $2,380,000 $66,111
    2.5-3% 1 $305,000 $305,000

    During 2019, Credit Union West's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 6-7%, with 203 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 514 $22,730,000 $44,222 $396 6.67%
    $100k-200k 125 $17,915,000 $143,320 $2,389 4.87%
    $200k-400k 59 $14,915,000 $252,797 $3,619 4.31%
    $400k-600k 3 $1,315,000 $438,333 $3,695 3.92%

    2019 saw Credit Union West place emphasis on $100,000 or less loans with 514 originations, totaling $22,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 193 $14,765,000 $76,503 $781 6.55%
    $75k-100k 148 $12,040,000 $81,351 $1,081 6.14%
    $50k-75k 145 $12,365,000 $85,276 $1,347 5.60%
    $150k-250k 108 $8,220,000 $76,111 $507 6.91%
    $50k or less 96 $8,180,000 $85,208 $1,698 5.17%
    $250k+ 10 $1,260,000 $126,000 $265 7.13%

    Credit Union West lent most frequently to those with incomes in the $100k-150k range, with 193 originations. The second most popular income band? $75k-100k, with 148 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 172 $15,390,000 $89,477 $1,154 5.69%
    30-36% 141 $10,915,000 $77,411 $866 6.44%
    <20% 72 $6,410,000 $89,028 $1,599 4.80%
    41% 33 $1,865,000 $56,515 $754 6.73%
    36% 32 $3,050,000 $95,313 $1,194 5.68%
    37% 32 $2,260,000 $70,625 $753 6.87%
    42% 31 $1,665,000 $53,710 $486 6.71%
    39% 29 $2,395,000 $82,586 $753 7.22%
    38% 29 $2,305,000 $79,483 $1,030 5.95%
    43% 28 $2,130,000 $76,071 $911 7.08%
    40% 26 $1,570,000 $60,385 $663 6.93%
    44% 24 $1,570,000 $65,417 $422 7.18%
    45% 18 $1,380,000 $76,667 $1,249 6.06%
    46% 9 $845,000 $93,889 $1,695 6.08%
    47% 8 $1,230,000 $153,750 $2,291 5.55%
    50-60% 7 $435,000 $62,143 $539 6.70%
    49% 4 $820,000 $205,000 $4,439 4.44%
    >60% 4 $380,000 $95,000 $1,018 6.00%
    48% 2 $260,000 $130,000 $1,362 5.63%

    Credit Union West lent most frequently to those with DTI ratios of 20-30%, with 172 originations. The next most common DTI ratio? 30-36%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 578 $44,830,000 $77,561 $936 6.16%
    Not provided 72 $7,550,000 $104,861 $1,887 5.86%
    Black 26 $2,420,000 $93,077 $928 6.30%
    Asian 6 $510,000 $85,000 $1,100 7.08%
    Filipino 4 $450,000 $112,500 $1,318 4.81%
    Korean 2 $310,000 $155,000 $4,146 3.44%
    American Indian 6 $260,000 $43,333 $196 7.50%
    Japanese 2 $230,000 $115,000 $1,787 6.31%
    2 $210,000 $105,000 $223 6.75%
    Chinese 2 $70,000 $35,000 $272 5.75%
    Other Asian 1 $35,000 $35,000 $219 7.00%

    Approval Rates

    Total approvals of all applications
    65.12%

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

    Pick Rate

    Approvals leading to origination
    57.77%

    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 701 $56,875,000 $81,134

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 10 $1,140,000 $114,000
    Single Family (1-4 Units):Site-Built 691 $55,735,000 $80,658

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 104 $8,580,000 $82,500 $820 6.30%
    40-60% 49 $6,365,000 $129,898 $2,202 4.35%
    60-80% 84 $16,470,000 $196,071 $3,289 4.32%
    80-100% 40 $8,390,000 $209,750 $3,723 4.23%
    Under 20% 424 $17,070,000 $40,259 $256 6.85%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Credit Plus Inc Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%
    Credit Plus Inc Conventional home mortgage Improper use of your report 1 33.3%