California Credit Union Mortgage Rates, Fees & Info

GLENDALE, CA

LEI: 549300I0HE5X0T5OI648

Tax ID: 95-0951410

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

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Mortgage Data

Review & Overview

California Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and 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, Riverside, and San Francisco among others. We have data for 20 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.

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) 4.41% 3/25/24
30 Year Conventional Purchase 5.58% 3/25/24
30 Year Conventional Refi 6.05% 3/25/24
30 Year Cash-out Refi 6.01% 3/25/24
30 Year FHA Purchase 6.88% 3/25/24
30 Year VA Refi 6.27% 3/25/24
15 Year Conventional Purchase 5.76% 3/25/24
15 Year Conventional Refi 5.85% 3/25/24
15 Year Cash-out Refi 5.85% 3/25/24
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.

California Credit Union Mortgage Calculator






Your Estimates

Estimated 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.


Originations

2,277

Origination Dollar Volume (All Markets)

$641,515,000

Awards

CALIFORNIA CREDIT UNION 30 Year Conventional Loans bronze CALIFORNIA CREDIT UNION 30 Year Conventional Loans silver CALIFORNIA CREDIT UNION 30 Year Conventional Loans bronze
Show all (3) 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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1,098 $292,940,000 $266,794 $3,796 3.43%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 928 $255,480,000 $275,302 $3,537 3.30%
STOCKTON, CA (FHA|USDA|VA) 51 $28,985,000 $568,333 $3,329 3.21%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 89 $21,405,000 $240,506 $3,842 3.67%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 23 $14,585,000 $634,130 $0 3.17%
Outside of Metro Areas 20 $9,240,000 $462,000 $2,939 3.51%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 29 $8,515,000 $293,621 $4,339 3.64%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 10 $2,840,000 $284,000 $2,851 4.02%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 5 $2,685,000 $537,000 $2,746 3.17%
BAKERSFIELD, CA (FHA|USDA|VA) 9 $1,535,000 $170,556 $1,916 3.48%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $1,405,000 $468,333 $0 3.71%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $505,000 $505,000 $0 4.88%
VALLEJO, CA (FHA|USDA|VA) 1 $425,000 $425,000 $0 3.63%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $250,000 $125,000 $3,035 4.06%
MERCED, CA (FHA|USDA|VA) 2 $200,000 $100,000 $0 3.93%
FRESNO, CA (FHA|USDA|VA) 2 $160,000 $80,000 $0 4.49%
REDDING, CA (FHA|USDA|VA) 1 $145,000 $145,000 $2,905 4.63%
EL CENTRO, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 2.99%
CHICO, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.49%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 2.99%
California Credit Union's top markets include Los Angeles, San Diego, Stockton, Riverside, and San Francisco among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Similar Lenders

    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.

    MYPOINT Credit Union
    Similarity Rank: 147
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    Similarity Rank: 220
    SOUTHLAND CREDIT UNION
    Similarity Rank: 464
    CBC Federal Credit Union
    Similarity Rank: 756
    LA Financial Federal Credit Union
    Similarity Rank: 951
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 1107
    LBS FINANCIAL
    Similarity Rank: 1176
    I.L.W.U. CREDIT UNION
    Similarity Rank: 1368

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,139 $507,095,000 $445,211 $3,712 3.59%
    HELOC 1,138 $134,420,000 $118,120 n/a 3.20%

    For 2019, California Credit Union's most frequently originated type of loan was Conventional, with 1,139 originations. Their 2nd most popular type was HELOC, with 1,138 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 738 $91,710,000 $124,268 $0 3.16%
    Cash Out Refi 507 $194,205,000 $383,047 $3,525 3.86%
    Refi 447 $171,625,000 $383,949 $3,406 3.34%
    Home Purchase 296 $155,210,000 $524,358 $4,703 3.33%
    Other 289 $28,765,000 $99,533 $0 3.31%

    For 2019, California Credit Union's most frequently cited loan purpose was Home Improvement, with 738 originations. The 2nd most popular reason was Cash Out Refi, with 507 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,087 $598,825,000 $286,931 $3,862 3.29%
    20 Year 90 $9,770,000 $108,556 $3,192 5.69%
    15 Year 86 $23,170,000 $269,419 $3,337 3.33%
    10 Year 11 $8,585,000 $780,455 $2,581 4.34%
    Other 3 $1,165,000 $388,333 $0 4.25%

    For 2019, California Credit Union's most frequently cited loan duration was 30 Year, with 2,087 originations. The 2nd most popular length was 20 Year, with 90 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 943 $431,495,000 $457,577
    $1k-2k 104 $34,620,000 $332,885
    $5k+ 31 $12,965,000 $418,226
    $2k-3k 24 $9,710,000 $404,583
    $3k-4k 16 $5,330,000 $333,125
    $4k-5k 10 $3,750,000 $375,000

    California Credit Union's average total fees were $3,862, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 943 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,286 $283,740,000 $220,638
    3-4% 617 $286,825,000 $464,870
    4-5% 277 $51,635,000 $186,408
    5-6% 44 $6,360,000 $144,545
    6-7% 27 $1,935,000 $71,667
    <2.5% 17 $10,245,000 $602,647
    7-8% 9 $775,000 $86,111

    During 2019, California Credit Union's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,286 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 576 $165,420,000 $287,188 $3,868 3.39%
    $100,000 or less 564 $33,080,000 $58,652 $2,753 3.60%
    $100k-200k 552 $71,710,000 $129,909 $2,784 3.29%
    $400k-600k 333 $164,555,000 $494,159 $3,635 3.33%
    $600k-1MM 216 $159,310,000 $737,546 $4,888 3.22%
    $1MM+ 36 $47,440,000 $1,317,778 $2,825 3.17%

    2019 saw California Credit Union place emphasis on $200k-400k loans with 576 originations, totaling $165,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 689 $179,265,000 $260,181 $4,160 3.42%
    $150k-250k 628 $224,030,000 $356,736 $3,726 3.39%
    $75k-100k 420 $80,210,000 $190,976 $3,428 3.35%
    $50k-75k 257 $42,575,000 $165,661 $3,568 3.38%
    $250k+ 177 $95,895,000 $541,780 $3,959 3.32%
    $50k or less 94 $10,500,000 $111,702 $3,168 3.37%

    California Credit Union lent most frequently to those with incomes in the $100k-150k range, with 689 originations. The second most popular income band? $150k-250k, with 628 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    44% 195 $25,065,000 $128,538 $0 3.01%
    30-36% 180 $21,150,000 $117,500 $0 3.26%
    20-30% 163 $20,245,000 $124,202 $0 3.13%
    45% 134 $15,850,000 $118,284 $0 2.99%
    39% 75 $7,705,000 $102,733 $0 3.75%
    40% 58 $6,030,000 $103,966 $2,699 3.24%
    43% 58 $8,130,000 $140,172 $0 2.99%
    <20% 53 $13,385,000 $252,547 $0 3.35%
    42% 49 $5,915,000 $120,714 $0 3.33%
    41% 41 $4,625,000 $112,805 $0 3.36%
    37% 39 $4,805,000 $123,205 $0 3.57%
    36% 37 $4,295,000 $116,081 $0 3.23%
    38% 34 $3,040,000 $89,412 $0 3.43%
    46% 11 $1,215,000 $110,455 $0 2.99%
    47% 6 $670,000 $111,667 $0 2.99%
    48% 3 $135,000 $45,000 $0 2.99%
    49% 2 $260,000 $130,000 $0 2.99%
    50-60% 1 $105,000 $105,000 $0 2.99%

    California Credit Union lent most frequently to those with DTI ratios of 44%, with 195 originations. The next most common DTI ratio? 30-36%, with 180 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,476 $353,870,000 $239,749 $3,865 3.41%
    Asian 428 $161,630,000 $377,640 $3,512 3.20%
    Not provided 205 $84,415,000 $411,780 $3,638 3.61%
    Black 141 $29,965,000 $212,518 $3,277 3.43%
    Not applicable 6 $6,430,000 $1,071,667 $0 4.58%
    Native Hawaiian or Islander 12 $2,040,000 $170,000 $2,758 3.55%
    American Indian 7 $1,825,000 $260,714 $2,290 3.35%
    Chinese 1 $675,000 $675,000 $0 3.75%
    Asian Indian 1 $665,000 $665,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    69.53%

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

    Pick Rate

    Approvals leading to origination
    70.18%

    California Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,277 $641,515,000 $281,737

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $7,685,000 $853,889
    Single Family (1-4 Units):Site-Built 2,268 $633,830,000 $279,466

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 341 $59,415,000 $174,238 $0 3.08%
    40-60% 37 $11,575,000 $312,838 $2,699 3.22%
    60-80% 4 $4,180,000 $1,045,000 $0 3.24%
    Under 20% 759 $67,535,000 $88,979 $0 3.26%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Caliber Home Loans, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 15 5.0%
    Caliber Home Loans, Inc. Conventional home mortgage Closing on a mortgage 17 5.7%
    Caliber Home Loans, Inc. Conventional home mortgage Incorrect information on your report 7 2.3%
    Caliber Home Loans, Inc. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.3%
    Caliber Home Loans, Inc. Conventional home mortgage Struggling to pay mortgage 58 19.4%
    Caliber Home Loans, Inc. Conventional home mortgage Trouble during payment process 72 24.1%
    Caliber Home Loans, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 5 1.7%
    Caliber Home Loans, Inc. FHA mortgage Closing on a mortgage 3 1.0%
    Caliber Home Loans, Inc. FHA mortgage Improper use of your report 1 0.3%
    Caliber Home Loans, Inc. FHA mortgage Incorrect information on your report 3 1.0%
    Caliber Home Loans, Inc. FHA mortgage Problem with a credit reporting company's investigation into an existing problem 2 0.7%
    Caliber Home Loans, Inc. FHA mortgage Struggling to pay mortgage 24 8.0%
    Caliber Home Loans, Inc. FHA mortgage Trouble during payment process 29 9.7%
    Caliber Home Loans, Inc. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 0.3%
    Caliber Home Loans, Inc. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 0.3%
    Caliber Home Loans, Inc. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 3 1.0%
    Caliber Home Loans, Inc. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.3%
    Caliber Home Loans, Inc. Other type of mortgage Closing on a mortgage 5 1.7%
    Caliber Home Loans, Inc. Other type of mortgage Struggling to pay mortgage 9 3.0%
    Caliber Home Loans, Inc. Other type of mortgage Trouble during payment process 7 2.3%
    Caliber Home Loans, Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.0%
    Caliber Home Loans, Inc. VA mortgage Closing on a mortgage 7 2.3%
    Caliber Home Loans, Inc. VA mortgage Incorrect information on your report 2 0.7%
    Caliber Home Loans, Inc. VA mortgage Struggling to pay mortgage 6 2.0%
    Caliber Home Loans, Inc. VA mortgage Trouble during payment process 17 5.7%