Orange County's Credit Union Mortgage Rates, Fees & Info

Santa Ana, CA

LEI: 549300KDDWLC5I8K6C44

Tax ID: 95-1797779

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
  • 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

    Orange County's Credit Union is a smaller credit union specializing in Other, Home Purchase, 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, San Francisco, and Fresno among others. We have data for 14 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.79% 12/16/24
    30 Year Conventional Refi 6.34% 12/16/24
    30 Year Cash-out Refi 6.44% 12/16/24
    15 Year Conventional Purchase 6.61% 12/16/24
    15 Year Conventional Refi 6.19% 12/16/24
    15 Year Cash-out Refi 6.19% 12/16/24
    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.

    Orange County's Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Orange County's 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

    807

    Origination Dollar Volume (All Markets)

    $215,035,000
    Show all (5) 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) 598 $162,840,000 $272,308 $3,089 4.88%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 180 $43,830,000 $243,500 $3,403 4.89%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 13 $5,145,000 $395,769 $3,545 4.54%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,125,000 $375,000 $3,530 4.71%
    FRESNO, CA (FHA|USDA|VA) 3 $735,000 $245,000 $4,521 4.83%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $300,000 $150,000 $3,577 5.13%
    MODESTO, CA (FHA|USDA|VA) 1 $175,000 $175,000 $1,969 4.88%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $155,000 $155,000 $3,900 3.88%
    YUBA CITY, CA (FHA|USDA|VA) 1 $145,000 $145,000 $3,071 4.50%
    CHICO, CA (FHA|USDA|VA) 1 $145,000 $145,000 $1,704 3.88%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.25%
    Outside of Metro Areas 1 $125,000 $125,000 $1,133 4.38%
    STOCKTON, CA (FHA|USDA|VA) 1 $105,000 $105,000 $2,848 4.38%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.50%
    Orange County's Credit Union's top markets include Los Angeles, Riverside, San Diego, San Francisco, and Fresno among others.

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

    • Similar Lenders

    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.

    MYPOINT Credit Union
    Similarity Rank: 55
    FRONTWAVE
    Similarity Rank: 176
    LBS FINANCIAL
    Similarity Rank: 210
    Cabrillo Credit Union
    Similarity Rank: 248
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515
    ALTA VISTA CREDIT UNION
    Similarity Rank: 612
    PASADENA SERVICE FEDERAL CREDIT UNION
    Similarity Rank: 612
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 732

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 807 $215,035,000 $266,462 $3,176 4.87%

    For 2018, Orange County's Credit Union's most frequently originated type of loan was Conventional, with 807 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 282 $49,090,000 $174,078 $2,266 5.22%
    Home Improvement 185 $33,305,000 $180,027 $2,232 5.07%
    Home Purchase 173 $70,195,000 $405,751 $5,013 4.39%
    Refi 118 $48,560,000 $411,525 $2,177 4.57%
    Cash Out Refi 49 $13,885,000 $283,367 $2,374 4.59%

    For 2018, Orange County's Credit Union's most frequently cited loan purpose was Other, with 282 originations. The 2nd most popular reason was Home Improvement, with 185 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 437 $165,575,000 $378,890 $3,495 4.48%
    20 Year 177 $17,835,000 $100,763 $1,664 5.62%
    15 Year 174 $23,000,000 $132,184 $2,247 5.16%
    10 Year 15 $8,115,000 $541,000 $1,791 4.34%
    5 Year 2 $220,000 $110,000 $1,496 4.33%
    Other 2 $290,000 $145,000 $1,961 3.81%

    For 2018, Orange County's Credit Union's most frequently cited loan duration was 30 Year, with 437 originations. The 2nd most popular length was 20 Year, with 177 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 172 $69,970,000 $406,802
    $1k-2k 61 $18,895,000 $309,754
    $2k-3k 29 $10,885,000 $375,345
    $3k-4k 21 $7,415,000 $353,095
    $5k+ 12 $5,460,000 $455,000
    $4k-5k 8 $3,380,000 $422,500

    Orange County's Credit Union's average total fees were $3,495, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 172 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 384 $138,300,000 $360,156
    5-6% 265 $25,825,000 $97,453
    3-4% 125 $48,665,000 $389,320
    6-7% 33 $2,245,000 $68,030

    During 2018, Orange County's Credit Union's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 384 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 257 $13,715,000 $53,366 $1,188 5.68%
    $200k-400k 256 $77,130,000 $301,289 $3,198 4.46%
    $400k-600k 132 $62,520,000 $473,636 $3,824 4.41%
    $100k-200k 109 $15,465,000 $141,881 $2,166 4.76%
    $600k-1MM 45 $32,445,000 $721,000 $4,942 4.29%
    $1MM+ 8 $13,760,000 $1,720,000 $4,780 4.43%

    2018 saw Orange County's Credit Union place emphasis on $100,000 or less loans with 257 originations, totaling $13,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 251 $63,445,000 $252,769 $3,137 4.95%
    $75k-100k 179 $39,875,000 $222,765 $3,205 4.87%
    $150k-250k 145 $52,755,000 $363,828 $3,848 4.85%
    $50k-75k 131 $24,935,000 $190,344 $2,643 4.88%
    $50k or less 53 $7,745,000 $146,132 $2,188 4.70%
    $250k+ 48 $26,280,000 $547,500 $4,150 4.74%

    Orange County's Credit Union lent most frequently to those with incomes in the $100k-150k range, with 251 originations. The second most popular income band? $75k-100k, with 179 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 119 $30,685,000 $257,857 $3,247 4.87%
    20-30% 110 $25,310,000 $230,091 $2,975 4.82%
    49% 66 $17,350,000 $262,879 $2,907 4.90%
    44% 47 $10,345,000 $220,106 $2,465 4.98%
    41% 44 $13,240,000 $300,909 $4,122 4.89%
    48% 40 $10,180,000 $254,500 $3,337 4.78%
    43% 39 $13,115,000 $336,282 $3,558 4.66%
    42% 37 $10,565,000 $285,541 $3,909 4.96%
    47% 35 $9,275,000 $265,000 $4,324 4.84%
    40% 34 $7,930,000 $233,235 $2,910 4.97%
    46% 31 $6,475,000 $208,871 $2,360 5.02%
    38% 31 $7,305,000 $235,645 $2,984 4.91%
    45% 31 $7,595,000 $245,000 $2,741 4.94%
    36% 30 $6,420,000 $214,000 $2,468 5.20%
    37% 30 $8,350,000 $278,333 $3,448 4.98%
    39% 29 $7,715,000 $266,034 $4,272 4.75%
    <20% 28 $6,330,000 $226,071 $2,288 4.48%
    50-60% 13 $3,935,000 $302,692 $3,469 4.96%
    >60% 6 $870,000 $145,000 $2,370 4.98%

    Orange County's Credit Union lent most frequently to those with DTI ratios of 30-36%, with 119 originations. The next most common DTI ratio? 20-30%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 458 $109,200,000 $238,428 $3,012 4.91%
    White 283 $81,755,000 $288,887 $3,235 4.88%
    Asian 38 $14,400,000 $378,947 $4,123 4.59%
    Black 14 $4,390,000 $313,571 $3,399 4.58%
    Native Hawaiian or Islander 2 $1,140,000 $570,000 $4,788 4.44%
    American Indian 3 $1,125,000 $375,000 $4,764 5.00%
    Filipino 3 $945,000 $315,000 $3,011 4.96%
    Korean 2 $890,000 $445,000 $3,263 4.38%
    Asian Indian 2 $860,000 $430,000 $5,020 4.38%
    2 $330,000 $165,000 $2,260 3.88%

    Approval Rates

    Total approvals of all applications
    88.41%

    Orange County's Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    61.09%

    Orange County's 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 807 $215,035,000 $266,462

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $12,045,000 $1,720,714
    Single Family (1-4 Units):Site-Built 800 $202,990,000 $253,738

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 78 $15,750,000 $201,923 $2,107 4.44%
    40-60% 129 $41,835,000 $324,302 $2,534 4.43%
    60-80% 192 $86,330,000 $449,635 $3,729 4.47%
    80-100% 117 $50,525,000 $431,838 $4,409 4.39%
    Under 20% 290 $18,490,000 $63,759 $1,190 5.65%