Wescom Central Credit Union Mortgage Rates, Fees & Info

Pasadena, CA

LEI: 549300C232ZWY1I57C16

Tax ID: 95-1288265

5 stars - out of 5 stars, based on 51 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Wescom Central Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Wescom Central Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Oxnard, San Diego, and San Francisco among others. We have data for 85 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Wescom Central Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Wescom Central Credit Union is typically an average 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.

    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.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.14% 3/19/23
    30 Year Conventional Purchase 6.41% 3/19/23
    30 Year Conventional Refi 6.31% 3/19/23
    30 Year Cash-out Refi 6.42% 3/19/23
    15 Year Conventional Purchase 5.82% 3/19/23
    15 Year Conventional Refi 5.86% 3/19/23
    15 Year Cash-out Refi 5.86% 3/19/23
    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.


    Originations

    2,643

    Origination Dollar Volume (All Markets)

    $756,755,000
    Show all (5) awards

    Relative Rate

    Wescom Central Credit Union's average 30 year fixed mortgage rate was 3.35%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.2%.

    Relative Fees (Closing Costs)

    Wescom Central Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,666.

    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 $4,750.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,732 $522,120,000 $301,455 $3,455 3.25%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 498 $123,650,000 $248,293 $3,430 3.27%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 170 $43,460,000 $255,647 $3,140 3.23%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 53 $17,015,000 $321,038 $3,492 3.51%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 12 $6,500,000 $541,667 $3,688 3.19%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 12 $3,800,000 $316,667 $3,973 3.06%
    BAKERSFIELD, CA (FHA|USDA|VA) 14 $2,940,000 $210,000 $3,322 3.10%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 13 $2,735,000 $210,385 $3,431 3.45%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 8 $2,590,000 $323,750 $3,650 3.05%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $1,980,000 $330,000 $3,036 2.85%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 9 $1,915,000 $212,778 $3,634 2.99%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $1,870,000 $311,667 $3,113 3.04%
    STOCKTON, CA (FHA|USDA|VA) 3 $1,715,000 $571,667 $4,523 2.92%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 6 $1,290,000 $215,000 $3,332 2.67%
    FRESNO, CA (FHA|USDA|VA) 4 $1,200,000 $300,000 $3,089 3.91%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,090,000 $272,500 $4,433 3.41%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,090,000 $545,000 $4,127 3.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $935,000 $311,667 $5,657 3.13%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $915,000 $305,000 $4,599 3.00%
    Outside of Metro Areas 3 $745,000 $248,333 $3,083 2.75%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $710,000 $355,000 $4,589 3.13%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $655,000 $655,000 $5,583 2.38%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $620,000 $310,000 $3,803 2.88%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $605,000 $605,000 $3,264 3.00%
    VISALIA, CA (FHA|USDA|VA) 2 $560,000 $280,000 $5,627 3.38%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $550,000 $275,000 $3,879 2.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $485,000 $161,667 $2,570 2.75%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $485,000 $485,000 $4,564 2.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $480,000 $240,000 $3,276 3.19%
    BOISE CITY, ID (FHA|USDA|VA) 1 $475,000 $475,000 $5,248 2.88%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $470,000 $117,500 $3,328 3.84%
    EL CENTRO, CA (FHA|USDA|VA) 3 $425,000 $141,667 $3,512 3.42%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $405,000 $405,000 $4,961 3.00%
    Cañon City, CO (FHA|USDA|VA) 1 $375,000 $375,000 $4,141 3.25%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $370,000 $185,000 $3,679 3.38%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $355,000 $355,000 $5,429 3.50%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $345,000 $345,000 $4,849 3.00%
    RENO, NV (FHA|USDA|VA) 1 $335,000 $335,000 $3,075 3.25%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $330,000 $165,000 $0 3.25%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $325,000 $325,000 $4,598 3.00%
    Outside of Metro Areas 1 $325,000 $325,000 $4,751 3.13%
    Cookeville, TN (FHA|USDA|VA) 2 $300,000 $150,000 $3,439 2.94%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $4,076 2.25%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $295,000 $295,000 $7,146 2.13%
    ROANOKE, VA (FHA|USDA|VA) 1 $285,000 $285,000 $3,088 3.13%
    MADERA, CA (FHA|USDA|VA) 1 $285,000 $285,000 $2,982 3.50%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $280,000 $140,000 $5,926 2.94%
    WACO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $7,126 3.38%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $275,000 $275,000 $4,877 3.00%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $265,000 $265,000 $3,151 2.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,980 3.00%
    BURLINGTON, NC (FHA|USDA|VA) 1 $255,000 $255,000 $2,709 3.00%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $255,000 $255,000 $3,061 2.88%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $225,000 $225,000 $3,550 2.88%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,112 3.00%
    TUCSON, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $2,389 2.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $185,000 $185,000 $5,477 2.88%
    Red Bluff, CA (FHA|USDA|VA) 1 $185,000 $185,000 $2,481 2.75%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $175,000 $175,000 $2,914 2.50%
    COLUMBIA, SC (FHA|USDA|VA) 2 $170,000 $85,000 $4,836 3.38%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $165,000 $165,000 $3,067 2.88%
    REDDING, CA (FHA|USDA|VA) 1 $155,000 $155,000 $2,263 3.25%
    GREAT FALLS, MT (FHA|USDA|VA) 1 $145,000 $145,000 $2,142 2.63%
    Indiana, PA (FHA|USDA|VA) 1 $145,000 $145,000 $3,113 3.00%
    SALINAS, CA (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.25%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $135,000 $135,000 $3,897 3.00%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,848 3.00%
    Gallup, NM (FHA|USDA|VA) 1 $135,000 $135,000 $3,228 3.13%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $135,000 $135,000 $3,430 3.25%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $125,000 $125,000 $3,550 2.38%
    MODESTO, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.25%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $125,000 $125,000 $2,537 3.00%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $125,000 $125,000 $4,533 3.50%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $115,000 $115,000 $3,253 2.63%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $105,000 $105,000 $3,056 3.25%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $105,000 $105,000 $3,147 2.88%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $95,000 $95,000 $3,723 3.38%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $85,000 $85,000 $3,616 4.25%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $85,000 $85,000 $2,069 2.50%
    Crescent City, CA (FHA|USDA|VA) 1 $85,000 $85,000 $2,087 3.00%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.50%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,691 4.25%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $85,000 $85,000 $3,416 3.13%
    VALLEJO, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.74%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $55,000 $55,000 $2,905 2.88%
    Wescom Central Credit Union's top markets include Los Angeles, Riverside, Oxnard, San Diego, and San Francisco among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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

    Christian Community Credit Union
    Similarity Rank: 354
    First Credit Union
    Similarity Rank: 378
    Credence Funding Corporation
    Similarity Rank: 404
    ALOHA PACIFIC
    Similarity Rank: 670
    MYPOINT Credit Union
    Similarity Rank: 924
    Chaffey Federal Credit Union
    Similarity Rank: 966
    ARIZONA CENTRAL
    Similarity Rank: 1166
    LA Financial Federal Credit Union
    Similarity Rank: 1374
    POPA FEDERAL CREDIT UNION
    Similarity Rank: 1380

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,471 $568,935,000 $386,768 $3,463 2.92%
    HELOC 1,172 $187,820,000 $160,256 n/a 3.66%

    For 2021, Wescom Central Credit Union's most frequently originated type of loan was Conventional, with 1,471 originations. Their 2nd most popular type was HELOC, with 1,172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 720 $118,350,000 $164,375 $3,278 3.61%
    Cash Out Refi 699 $262,115,000 $374,986 $3,392 3.03%
    Refi 508 $180,520,000 $355,354 $2,929 2.82%
    Other 447 $88,375,000 $197,707 $2,976 3.53%
    Home Purchase 269 $107,395,000 $399,238 $5,168 3.17%

    For 2021, Wescom Central Credit Union's most frequently cited loan purpose was Home Improvement, with 720 originations. The 2nd most popular reason was Cash Out Refi, with 699 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,277 $662,685,000 $291,034 $3,666 3.35%
    15 Year 213 $57,425,000 $269,601 $2,816 2.51%
    20 Year 107 $28,495,000 $266,308 $3,031 2.91%
    10 Year 46 $8,150,000 $177,174 $2,592 2.40%

    For 2021, Wescom Central Credit Union's most frequently cited loan duration was 30 Year, with 2,277 originations. The 2nd most popular length was 15 Year, with 213 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,045 $426,025,000 $407,679
    $1k-2k 182 $50,220,000 $275,934
    $2k-3k 99 $34,355,000 $347,020
    $5k+ 67 $29,065,000 $433,806
    $4k-5k 40 $16,950,000 $423,750
    $3k-4k 38 $12,320,000 $324,211

    Wescom Central Credit Union's average total fees were $3,666, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,045 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,357 $329,265,000 $242,642
    2.5-3% 745 $295,895,000 $397,174
    <2.5% 265 $96,875,000 $365,566
    4-5% 210 $27,250,000 $129,762
    5-6% 56 $6,740,000 $120,357
    6-7% 10 $730,000 $73,000

    During 2021, Wescom Central Credit Union's average interest rate for loans was 3.35%, while their most frequently originated rate bucket for loans was 3-4%, with 1,357 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 892 $255,720,000 $286,682 $3,248 3.12%
    $100k-200k 630 $88,650,000 $140,714 $2,770 3.34%
    $100,000 or less 488 $30,870,000 $63,258 $2,621 3.71%
    $400k-600k 355 $170,965,000 $481,592 $4,111 3.04%
    $600k-1MM 262 $190,550,000 $727,290 $3,946 2.90%
    $1MM+ 16 $20,000,000 $1,250,000 $5,015 2.88%

    2021 saw Wescom Central Credit Union place emphasis on $200k-400k loans with 892 originations, totaling $255,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 721 $250,975,000 $348,093 $3,783 3.29%
    $100k-150k 692 $187,170,000 $270,477 $3,576 3.28%
    $75k-100k 385 $91,955,000 $238,844 $3,271 3.20%
    $250k+ 346 $135,570,000 $391,821 $3,949 3.36%
    $50k-75k 338 $66,450,000 $196,598 $3,037 3.12%
    $50k or less 160 $23,540,000 $147,125 $2,829 3.06%

    Wescom Central Credit Union lent most frequently to those with incomes in the $150k-250k range, with 721 originations. The second most popular income band? $100k-150k, with 692 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 589 $169,675,000 $288,073 $3,337 3.11%
    30-36% 460 $141,170,000 $306,891 $3,497 3.21%
    <20% 184 $49,360,000 $268,261 $3,010 3.05%
    49% 155 $35,015,000 $225,903 $3,813 3.46%
    44% 110 $35,230,000 $320,273 $3,828 3.34%
    37% 107 $33,535,000 $313,411 $3,553 3.32%
    48% 104 $23,820,000 $229,038 $3,204 3.42%
    41% 104 $34,590,000 $332,596 $3,774 3.21%
    42% 103 $32,555,000 $316,068 $3,423 3.29%
    38% 100 $29,190,000 $291,900 $3,530 3.24%
    40% 92 $24,710,000 $268,587 $2,936 3.34%
    43% 91 $25,855,000 $284,121 $3,712 3.36%
    47% 91 $23,165,000 $254,560 $3,603 3.38%
    45% 82 $23,870,000 $291,098 $3,688 3.32%
    36% 81 $22,815,000 $281,667 $3,824 3.33%
    39% 79 $23,655,000 $299,430 $3,650 3.32%
    46% 78 $22,830,000 $292,692 $3,346 3.28%
    50-60% 31 $4,595,000 $148,226 $2,824 3.69%

    Wescom Central Credit Union lent most frequently to those with DTI ratios of 20-30%, with 589 originations. The next most common DTI ratio? 30-36%, with 460 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,282 $356,760,000 $278,284 $3,486 3.25%
    Not provided 850 $239,990,000 $282,341 $3,342 3.22%
    Asian 230 $81,270,000 $353,348 $3,732 3.24%
    Black 185 $53,085,000 $286,946 $3,715 3.30%
    American Indian 36 $9,330,000 $259,167 $3,564 3.12%
    Asian Indian 17 $5,605,000 $329,706 $3,079 3.65%
    Filipino 17 $4,315,000 $253,824 $3,333 3.15%
    Other Asian 10 $2,160,000 $216,000 $2,766 3.73%
    Native Hawaiian or Islander 4 $1,440,000 $360,000 $2,471 3.78%
    Chinese 2 $840,000 $420,000 $3,065 3.19%
    Japanese 4 $790,000 $197,500 $1,700 3.34%
    Native Hawaiian 1 $655,000 $655,000 $2,688 3.25%
    Vietnamese 3 $365,000 $121,667 $3,430 3.33%
    Samoan 1 $75,000 $75,000 $0 7.00%
    Other Pacific Islander 1 $75,000 $75,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    80.82%

    Wescom Central Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.39%

    Wescom 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 2,643 $756,755,000 $286,324

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,643 $756,755,000 $286,324

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 610 $152,050,000 $249,262 $2,800 3.21%
    40-60% 500 $184,010,000 $368,020 $3,118 2.94%
    60-80% 521 $260,155,000 $499,338 $3,955 3.01%
    80-100% 138 $64,150,000 $464,855 $4,752 3.06%
    Under 20% 872 $94,730,000 $108,635 $2,460 3.63%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 16.7%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 3 50.0%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%