California Credit Union Mortgage Rates, Fees & Info

GLENDALE, CA

LEI: 549300I0HE5X0T5OI648

Tax ID: 95-0951410

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    California 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.

    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% 4/28/24
    30 Year Conventional Purchase 5.58% 4/28/24
    30 Year Conventional Refi 6.05% 4/28/24
    30 Year Cash-out Refi 6.01% 4/28/24
    30 Year FHA Purchase 6.88% 4/28/24
    30 Year VA Refi 6.27% 4/28/24
    15 Year Conventional Purchase 5.76% 4/28/24
    15 Year Conventional Refi 5.85% 4/28/24
    15 Year Cash-out Refi 5.85% 4/28/24
    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

    2,041

    Origination Dollar Volume (All Markets)

    $670,755,000

    Awards

    CALIFORNIA CREDIT UNION 30 Year Conventional Loans gold CALIFORNIA CREDIT UNION 30 Year Conventional Loans gold CALIFORNIA CREDIT UNION 30 Year Conventional Loans bronze CALIFORNIA CREDIT UNION 30 Year Conventional Loans silver
    Show all (4) 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) 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%
    California Credit Union's top markets include Los Angeles, San Diego, Stockton, San Francisco, and Riverside among others.

    Their top states include:
  • California (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.

    MISSION
    Similarity Rank: 30
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 236
    Los Angeles Federal Credit Union
    Similarity Rank: 248
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 648
    MYPOINT Credit Union
    Similarity Rank: 705
    LBS FINANCIAL
    Similarity Rank: 707
    First City Credit Union
    Similarity Rank: 720
    Sterling Bank and Trust, FSB
    Similarity Rank: 920
    Christian Community Credit Union
    Similarity Rank: 990
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1053

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,184 $149,110,000 $125,938 n/a 3.08%
    Conventional 857 $521,645,000 $608,687 $1,126 3.48%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 933 $120,955,000 $129,641 $0 3.07%
    Home Purchase 491 $356,755,000 $726,589 $739 3.62%
    Cash Out Refi 266 $107,660,000 $404,737 $1,570 3.51%
    Other 206 $21,740,000 $105,534 $0 3.11%
    Refi 145 $63,645,000 $438,931 $1,700 2.89%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,955 $649,735,000 $332,345 $950 3.22%
    15 Year 50 $14,590,000 $291,800 $3,539 2.91%
    20 Year 32 $5,760,000 $180,000 $1,193 5.36%
    10 Year 4 $670,000 $167,500 $4,451 3.88%

    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
    $<1k 774 $489,790,000 $632,804
    $1k-2k 30 $9,870,000 $329,000
    $5k+ 24 $12,050,000 $502,083
    $4k-5k 12 $3,910,000 $325,833
    $3k-4k 10 $3,460,000 $346,000
    $2k-3k 7 $2,565,000 $366,429

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,304 $264,150,000 $202,569
    3-4% 306 $193,810,000 $633,366
    4-5% 219 $94,905,000 $433,356
    <2.5% 152 $99,260,000 $653,026
    5-6% 41 $15,985,000 $389,878
    6-7% 14 $1,870,000 $133,571
    7-8% 5 $775,000 $155,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 674 $86,070,000 $127,700 $1,838 3.16%
    $100,000 or less 394 $24,930,000 $63,274 $813 3.21%
    $200k-400k 358 $96,890,000 $270,642 $2,155 3.21%
    $600k-1MM 301 $226,555,000 $752,674 $580 3.45%
    $400k-600k 209 $103,795,000 $496,627 $1,303 3.43%
    $1MM+ 105 $132,515,000 $1,262,048 $265 3.18%

    2022 saw California Credit Union place emphasis on $100k-200k loans with 674 originations, totaling $86,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 693 $265,125,000 $382,576 $905 3.33%
    $100k-150k 577 $134,385,000 $232,903 $1,035 3.17%
    $250k+ 321 $190,965,000 $594,907 $816 3.28%
    $75k-100k 257 $47,705,000 $185,623 $2,235 3.17%
    $50k-75k 149 $24,575,000 $164,933 $1,713 3.23%
    $50k or less 34 $4,060,000 $119,412 $1,565 3.31%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    44% 211 $25,345,000 $120,118 $0 2.99%
    30-36% 185 $23,065,000 $124,676 $0 3.14%
    20-30% 169 $22,375,000 $132,396 $0 3.03%
    45% 106 $12,620,000 $119,057 $0 2.99%
    39% 58 $8,080,000 $139,310 $0 3.46%
    43% 53 $6,585,000 $124,245 $0 2.99%
    <20% 53 $6,745,000 $127,264 $0 3.07%
    40% 50 $6,390,000 $127,800 $0 3.08%
    42% 48 $5,450,000 $113,542 $0 3.02%
    37% 48 $6,800,000 $141,667 $0 3.12%
    38% 45 $5,735,000 $127,444 $0 3.29%
    41% 44 $6,510,000 $147,955 $0 3.06%
    36% 42 $5,290,000 $125,952 $0 3.24%
    46% 32 $3,780,000 $118,125 $0 2.99%
    47% 17 $1,805,000 $106,176 $0 2.99%
    48% 7 $775,000 $110,714 $0 2.99%
    49% 5 $465,000 $93,000 $0 2.99%
    50-60% 1 $155,000 $155,000 $0 2.99%
    >60% 1 $115,000 $115,000 $0 2.99%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,221 $284,225,000 $232,781 $1,505 3.18%
    Asian 494 $265,960,000 $538,381 $444 3.34%
    Not provided 167 $89,855,000 $538,054 $1,324 3.48%
    Black 134 $26,810,000 $200,075 $2,520 3.24%
    American Indian 15 $2,025,000 $135,000 $33 3.35%
    Native Hawaiian or Islander 9 $1,235,000 $137,222 $2,234 3.27%
    Asian Indian 1 $645,000 $645,000 $0 2.75%

    Approval Rates

    Total approvals of all applications
    66.42%

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

    Pick Rate

    Approvals leading to origination
    76.48%

    California Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,041 $670,755,000 $328,640

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,041 $670,755,000 $328,640

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 181 $36,385,000 $201,022 $0 3.08%
    40-60% 6 $2,010,000 $335,000 $0 2.99%
    Under 20% 988 $109,690,000 $111,022 $0 3.08%

    Complaints

    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%