Long Beach Firemen S Credit Union Mortgage Rates, Fees & Info
Long Beach, CALEI: 549300LL0P3NQ5Q2UF60
Tax ID: 95-0944725
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Mortgage Data
Review & Overview
Long Beach Firemen S Credit Union is a smaller credit union specializing in Home Purchase loans. Long Beach Firemen S Credit Union has a high proportion of conventional loans. Their top (well, only) market is Los Angeles.Long Beach Firemen S Credit Union has an above average approval rate when compared to the average across all lenders. They typically have about average rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.33% | 4/18/25 |
| 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. | ||
Long Beach Firemen S Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2Origination Dollar Volume (All Markets)
$1,810,000Relative Rate
Long Beach Firemen S Credit Union's average 30 year fixed mortgage rate was
3.5%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -3.05%.
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) | 2 | $1,810,000 | $905,000 | $0 | 3.50% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against LONG BEACH FIREMEN 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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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2 | $1,810,000 | $905,000 | $0 | 3.50% |
For 2024, Long Beach Firemen S Credit Union's most frequently originated type of loan was Conventional, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 2 | $1,810,000 | $905,000 | $0 | 3.50% |
For 2024, Long Beach Firemen S Credit Union's most frequently cited loan purpose was Home Purchase, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 2 | $1,810,000 | $905,000 | $0 | 3.50% |
For 2024, Long Beach Firemen S Credit Union's most frequently cited loan duration was 30 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 2 | $1,810,000 | $905,000 |
Long Beach Firemen S Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2 | $1,810,000 | $905,000 |
During 2024, Long Beach Firemen S Credit Union's average interest rate for loans was 3.50%, while their most frequently originated rate bucket for loans was 3-4%, with 2 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 1 | $1,075,000 | $1,075,000 | $0 | 3.50% |
| $600k-1MM | 1 | $735,000 | $735,000 | $0 | 3.50% |
2024 saw Long Beach Firemen S Credit Union place emphasis on $1MM+ loans with 1 originations, totaling $1,075,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 2 | $1,810,000 | $905,000 | $0 | 3.50% |
Long Beach Firemen S Credit Union lent most frequently to those with incomes in the $250k+ range, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1 | $735,000 | $735,000 | $0 | 3.50% |
| 37% | 1 | $1,075,000 | $1,075,000 | $0 | 3.50% |
Long Beach Firemen S Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1 originations. The next most common DTI ratio? 37%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2 | $1,810,000 | $905,000 | $0 | 3.50% |
Approval Rates
Total approvals of all applications100.00%
Long Beach Firemen S Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 11764.3 | 1 | $1,075,000 | $1,075,000 |
| 12345.78 | 1 | $735,000 | $735,000 |