Long Beach City Employees Federal Credit Union Mortgage Rates, Fees & Info
Signal Hill, CALEI: 5493008WHMQTG21UHU90
Tax ID: 95-1652833
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Long Beach City Employees Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Long Beach City Employees Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Los Angeles.Long Beach City Employees Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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.
Originations
16Origination Dollar Volume (All Markets)
$1,780,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 16 | $1,780,000 | $111,250 | $3,614 | 7.23% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against LONG BEACH CITY EMPLOYEES Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 42
Similarity Rank: 216
Similarity Rank: 348
Similarity Rank: 352
Similarity Rank: 354
Similarity Rank: 480
Similarity Rank: 516
Similarity Rank: 535
Similarity Rank: 546
Similarity Rank: 600
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 16 | $1,780,000 | $111,250 | $3,614 | 7.23% |
For 2024, Long Beach City Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 16 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 16 | $1,780,000 | $111,250 | $3,614 | 7.23% |
For 2024, Long Beach City Employees Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 8 | $920,000 | $115,000 | $3,753 | 7.47% |
| 15 Year | 5 | $455,000 | $91,000 | $3,340 | 7.08% |
| 10 Year | 3 | $405,000 | $135,000 | $3,680 | 6.88% |
For 2024, Long Beach City Employees Federal Credit Union's most frequently cited loan duration was 20 Year, with 8 originations. The 2nd most popular length was 15 Year, with 5 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $2k-3k | 11 | $1,305,000 | $118,636 |
| $1k-2k | 4 | $250,000 | $62,500 |
| $3k-4k | 1 | $225,000 | $225,000 |
Long Beach City Employees Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 12 | $1,320,000 | $110,000 |
| 6-7% | 4 | $460,000 | $115,000 |
During 2024, Long Beach City Employees Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 12 originations.
Loan Sizing
2024 saw Long Beach City Employees Federal Credit Union place emphasis on $100k-200k loans with 8 originations, totaling $1,030,000 in origination value.
Applicant Income
Long Beach City Employees Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
Long Beach City Employees Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 3 originations. The next most common DTI ratio? 44%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Long Beach City Employees Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 16 | $1,780,000 | $111,250 |