California Credit Union Mortgage Rates, Fees & InfoGLENDALE, CA
Tax ID: 95-0951410
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCalifornia Credit Union is a smaller credit union specializing in Home Purchase loans. California Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, Stockton, San Francisco, and Riverside among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)
California 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. California 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||4.41%||9/25/23|
|30 Year Conventional Purchase||5.58%||9/25/23|
|30 Year Conventional Refi||6.05%||9/25/23|
|30 Year Cash-out Refi||6.01%||9/25/23|
|30 Year FHA Purchase||6.88%||9/25/23|
|30 Year VA Refi||6.27%||9/25/23|
|15 Year Conventional Purchase||5.76%||9/25/23|
|15 Year Conventional Refi||5.85%||9/25/23|
|15 Year Cash-out Refi||5.85%||9/25/23|
|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.|
California Credit Union Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from California 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.
Origination Dollar Volume (All Markets)$670,755,000
CALIFORNIA CREDIT UNION - 2022
CALIFORNIA CREDIT UNION is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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California Credit Union's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -1.54%.
Relative Fees (Closing Costs)
California Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $950.
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.
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)||902||$246,920,000||$273,747||$1,697||3.19%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||745||$204,955,000||$275,107||$1,150||3.22%|
|STOCKTON, CA (FHA|USDA|VA)||95||$68,365,000||$719,632||$65||3.40%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||61||$56,745,000||$930,246||$565||3.50%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||142||$42,710,000||$300,775||$298||3.41%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||26||$15,850,000||$609,615||$1,151||3.81%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||14||$15,280,000||$1,091,429||$1,298||3.25%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||31||$9,465,000||$305,323||$445||3.22%|
|FRESNO, CA (FHA|USDA|VA)||4||$2,130,000||$532,500||$49||3.63%|
|SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA)||1||$1,345,000||$1,345,000||$0||3.88%|
|SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA)||2||$1,280,000||$640,000||$0||2.75%|
|BAKERSFIELD, CA (FHA|USDA|VA)||6||$1,250,000||$208,333||$1,323||4.14%|
|MERCED, CA (FHA|USDA|VA)||3||$1,115,000||$371,667||$3,046||4.04%|
|SANTA ROSA-PETALUMA, CA (FHA|USDA|VA)||2||$1,090,000||$545,000||$0||2.94%|
|SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA)||4||$890,000||$222,500||$0||3.43%|
|NAPA, CA (FHA|USDA|VA)||1||$615,000||$615,000||$5,222||5.63%|
|YUBA CITY, CA (FHA|USDA|VA)||1||$435,000||$435,000||$0||3.25%|
|Outside of Metro Areas||1||$315,000||$315,000||$3,375||3.75%|
We use machine learning to identify the top lenders compared against CALIFORNIA CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 316
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Similarity Rank: 660
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Similarity Rank: 1120
Similarity Rank: 1300
Similarity Rank: 1380
Similarity Rank: 1484
Similarity Rank: 1584
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, California Credit Union's most frequently originated type of loan was HELOC, with 1,184 originations. Their 2nd most popular type was Conventional, with 857 originations.
For 2022, California Credit Union's most frequently cited loan purpose was Home Improvement, with 933 originations. The 2nd most popular reason was Home Purchase, with 491 originations.
For 2022, California Credit Union's most frequently cited loan duration was 30 Year, with 1,955 originations. The 2nd most popular length was 15 Year, with 50 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
California Credit Union's average total fees were $950, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 774 originations.
During 2022, California Credit Union's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,304 originations.
2022 saw California Credit Union place emphasis on $100k-200k loans with 674 originations, totaling $86,070,000 in origination value.
California Credit Union lent most frequently to those with incomes in the $150k-250k range, with 693 originations. The second most popular income band? $100k-150k, with 577 originations.
Applicant Debt to Income Ratio
California Credit Union lent most frequently to those with DTI ratios of 44%, with 211 originations. The next most common DTI ratio? 30-36%, with 185 originations.
Approval RatesTotal approvals of all applications
California Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick RateApprovals leading to origination
California Credit Union has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Loan to Value||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|Caliber Home Loans, Inc.||Conventional home mortgage||Struggling to pay mortgage||1||10.0%|
|Caliber Home Loans, Inc.||Conventional home mortgage||Trouble during payment process||3||30.0%|
|Caliber Home Loans, Inc.||FHA mortgage||Applying for a mortgage or refinancing an existing mortgage||2||20.0%|
|Caliber Home Loans, Inc.||FHA mortgage||Trouble during payment process||2||20.0%|
|Caliber Home Loans, Inc.||VA mortgage||Trouble during payment process||2||20.0%|