California Credit Union Mortgage Rates, Fees & Info
GLENDALE, CALEI: 549300I0HE5X0T5OI648
Tax ID: 95-0951410
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Mortgage Data
Review & Overview
California Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. California Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, Riverside, Oxnard, and Stockton among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)California 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. 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.41% | 4/18/24 |
| 30 Year Conventional Purchase | 5.58% | 4/18/24 |
| 30 Year Conventional Refi | 6.05% | 4/18/24 |
| 30 Year Cash-out Refi | 6.01% | 4/18/24 |
| 30 Year FHA Purchase | 6.88% | 4/18/24 |
| 30 Year VA Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 5.76% | 4/18/24 |
| 15 Year Conventional Refi | 5.85% | 4/18/24 |
| 15 Year Cash-out Refi | 5.85% | 4/18/24 |
| 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
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This is not an official calculator from California Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,198Origination Dollar Volume (All Markets)
$602,730,000Awards
CALIFORNIA CREDIT UNION - 2021
CALIFORNIA CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 1,209 | $342,885,000 | $283,610 | $3,379 | 2.97% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 755 | $190,225,000 | $251,954 | $2,565 | 3.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 152 | $34,730,000 | $228,487 | $2,823 | 3.22% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 41 | $11,945,000 | $291,341 | $2,470 | 3.14% |
| STOCKTON, CA (FHA|USDA|VA) | 12 | $8,970,000 | $747,500 | $1,289 | 2.33% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $5,150,000 | $643,750 | $1,681 | 3.06% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $3,700,000 | $1,850,000 | $1,061 | 2.44% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $3,779 | 3.31% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $3,243 | 2.75% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $2,925 | 3.06% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $3,333 | 3.47% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,000 | 2.75% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 3.50% |
| MERCED, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,596 | 2.50% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,126 | 2.93% |
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.
Similarity Rank: 354
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,212 | $492,040,000 | $405,974 | $3,075 | 2.84% |
| HELOC | 982 | $108,790,000 | $110,784 | n/a | 3.20% |
| VA | 4 | $1,900,000 | $475,000 | $0 | 1.75% |
For 2021, California Credit Union's most frequently originated type of loan was Conventional, with 1,212 originations. Their 2nd most popular type was HELOC, with 982 originations.
Loan Reason
For 2021, California Credit Union's most frequently cited loan purpose was Home Improvement, with 783 originations. The 2nd most popular reason was Cash Out Refi, with 573 originations.
Loan Duration/Length
For 2021, California Credit Union's most frequently cited loan duration was 30 Year, with 1,833 originations. The 2nd most popular length was 15 Year, with 239 originations.
Origination Fees/Closing Costs
California Credit Union's average total fees were $2,950, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 789 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1,352 | $297,150,000 | $219,786 |
| <2.5% | 381 | $174,535,000 | $458,097 |
| 3-4% | 311 | $118,045,000 | $379,566 |
| 4-5% | 146 | $12,500,000 | $85,616 |
| 5-6% | 8 | $500,000 | $62,500 |
During 2021, California Credit Union's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,352 originations.
Loan Sizing
2021 saw California Credit Union place emphasis on $100k-200k loans with 716 originations, totaling $95,270,000 in origination value.
Applicant Income
California Credit Union lent most frequently to those with incomes in the $100k-150k range, with 613 originations. The second most popular income band? $150k-250k, with 591 originations.
Applicant Debt to Income Ratio
California Credit Union lent most frequently to those with DTI ratios of 30-36%, with 214 originations. The next most common DTI ratio? 20-30%, with 192 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.26%
California Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination41.95%
California 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 | 2,198 | $602,730,000 | $274,217 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 142 | $23,690,000 | $166,831 | $0 | 3.09% |
| 40-60% | 7 | $1,785,000 | $255,000 | $0 | 2.99% |
| Under 20% | 826 | $82,330,000 | $99,673 | $0 | 3.22% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Caliber Home Loans, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 32 | 14.5% |
| Caliber Home Loans, Inc. | Conventional home mortgage | Closing on a mortgage | 21 | 9.5% |
| Caliber Home Loans, Inc. | Conventional home mortgage | Improper use of your report | 1 | 0.5% |
| Caliber Home Loans, Inc. | Conventional home mortgage | Incorrect information on your report | 5 | 2.3% |
| Caliber Home Loans, Inc. | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.5% |
| Caliber Home Loans, Inc. | Conventional home mortgage | Struggling to pay mortgage | 21 | 9.5% |
| Caliber Home Loans, Inc. | Conventional home mortgage | Trouble during payment process | 61 | 27.6% |
| Caliber Home Loans, Inc. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 12 | 5.4% |
| Caliber Home Loans, Inc. | FHA mortgage | Closing on a mortgage | 6 | 2.7% |
| Caliber Home Loans, Inc. | FHA mortgage | Incorrect information on your report | 2 | 0.9% |
| Caliber Home Loans, Inc. | FHA mortgage | Struggling to pay mortgage | 7 | 3.2% |
| Caliber Home Loans, Inc. | FHA mortgage | Trouble during payment process | 17 | 7.7% |
| Caliber Home Loans, Inc. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 0.5% |
| Caliber Home Loans, Inc. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 0.5% |
| Caliber Home Loans, Inc. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 1.4% |
| Caliber Home Loans, Inc. | Other type of mortgage | Struggling to pay mortgage | 3 | 1.4% |
| Caliber Home Loans, Inc. | Other type of mortgage | Trouble during payment process | 2 | 0.9% |
| Caliber Home Loans, Inc. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 1.4% |
| Caliber Home Loans, Inc. | VA mortgage | Closing on a mortgage | 4 | 1.8% |
| Caliber Home Loans, Inc. | VA mortgage | Struggling to pay mortgage | 4 | 1.8% |
| Caliber Home Loans, Inc. | VA mortgage | Trouble during payment process | 14 | 6.3% |