Orange County's Credit Union Mortgage Rates, Fees & InfoSanta Ana, CA
Tax ID: 95-1797779
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewOrange County's Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Orange County's Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Reno, and Carson City among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)
Orange County's 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. Orange County's 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.50%||3/19/23|
|30 Year Conventional Refi||6.45%||3/19/23|
|30 Year Cash-out Refi||6.53%||3/19/23|
|15 Year Conventional Purchase||5.74%||3/19/23|
|15 Year Conventional Refi||5.95%||3/19/23|
|15 Year Cash-out Refi||5.95%||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.|
Origination Dollar Volume (All Markets)$536,855,000
Orange County's Credit Union's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.04%.
Relative Fees (Closing Costs)
Orange County's Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,893.
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)||1,282||$414,840,000||$323,588||$3,281||3.36%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||304||$95,360,000||$313,684||$3,420||3.24%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||16||$13,690,000||$855,625||$3,325||3.14%|
|RENO, NV (FHA|USDA|VA)||1||$3,455,000||$3,455,000||$0||3.25%|
|CARSON CITY, NV (FHA|USDA|VA)||1||$1,605,000||$1,605,000||$0||3.25%|
|FRESNO, CA (FHA|USDA|VA)||5||$1,225,000||$245,000||$3,286||3.38%|
|VALLEJO, CA (FHA|USDA|VA)||2||$970,000||$485,000||$3,929||3.06%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||2||$900,000||$450,000||$8,878||3.13%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||1||$735,000||$735,000||$0||3.25%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||1||$735,000||$735,000||$2,813||3.00%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||2||$700,000||$350,000||$5,403||3.00%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||2||$550,000||$275,000||$1,373||3.13%|
|MADERA, CA (FHA|USDA|VA)||1||$445,000||$445,000||$3,337||3.25%|
|Outside of Metro Areas||2||$440,000||$220,000||$4,055||2.94%|
|BAKERSFIELD, CA (FHA|USDA|VA)||3||$415,000||$138,333||$2,240||3.46%|
|SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA)||2||$260,000||$130,000||$5,408||3.44%|
|VISALIA, CA (FHA|USDA|VA)||1||$185,000||$185,000||$2,709||3.38%|
|EL CENTRO, CA (FHA|USDA|VA)||1||$165,000||$165,000||$4,496||3.13%|
|SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA)||1||$125,000||$125,000||$0||4.00%|
|SALINAS, CA (FHA|USDA|VA)||1||$55,000||$55,000||$0||4.00%|
We use machine learning to identify the top lenders compared against ORANGE COUNTY'S CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Orange County's Credit Union's most frequently originated type of loan was Conventional, with 1,257 originations. Their 2nd most popular type was HELOC, with 374 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||952||$213,780,000||$224,559||$2,964||3.61%|
For 2021, Orange County's Credit Union's most frequently cited loan purpose was Cash Out Refi, with 952 originations. The 2nd most popular reason was Refi, with 562 originations.
For 2021, Orange County's Credit Union's most frequently cited loan duration was 30 Year, with 801 originations. The 2nd most popular length was Other, with 378 originations.
Origination Fees/Closing Costs
Orange County's Credit Union's average total fees were $3,893, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 719 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Orange County's Credit Union's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 849 originations.
2021 saw Orange County's Credit Union place emphasis on $200k-400k loans with 504 originations, totaling $151,750,000 in origination value.
Orange County's Credit Union lent most frequently to those with incomes in the $100k-150k range, with 440 originations. The second most popular income band? $150k-250k, with 391 originations.
Applicant Debt to Income Ratio
Orange County's Credit Union lent most frequently to those with DTI ratios of 20-30%, with 286 originations. The next most common DTI ratio? 30-36%, with 285 originations.
Approval RatesTotal approvals of all applications
Orange County's Credit Union has an average approval rate.
Pick RateApprovals leading to origination
Orange County's Credit Union has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|