Long Beach Firemen S Credit Union Mortgage Rates, Fees & Info

Long Beach, CA

LEI: 549300LL0P3NQ5Q2UF60

Tax ID: 95-0944725

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

    Long Beach Firemen S Credit Union is a smaller credit union specializing in Cash Out Refi loans. Long Beach Firemen 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 Oxnard among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Long Beach Firemen S Credit Union has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Long Beach Firemen 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.00% 11/21/24
    30 Year Conventional Refi 7.41% 11/21/24
    30 Year Cash-out Refi 6.11% 11/21/24
    15 Year Conventional Refi 3.94% 11/21/24
    15 Year Cash-out Refi 3.94% 11/21/24
    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.

    Long Beach Firemen 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 Long Beach Firemen 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

    69

    Origination Dollar Volume (All Markets)

    $36,895,000

    Awards

    LONG BEACH FIREMEN S CREDIT UNION 30 Year Conventional Loans silver
    Show all (1) 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) 54 $29,960,000 $554,815 $3,098 3.23%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 9 $3,745,000 $416,111 $3,000 3.03%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $1,060,000 $530,000 $2,907 3.13%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $705,000 $705,000 $3,273 3.25%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $695,000 $695,000 $3,563 3.00%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $365,000 $365,000 $2,531 3.00%
    Outside of Metro Areas 1 $365,000 $365,000 $4,621 3.00%
    Long Beach Firemen S Credit Union's top markets include Los Angeles, Riverside, San Diego, San Francisco, and Oxnard among others.

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

    • 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.

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 363
    Christian Community Credit Union
    Similarity Rank: 716
    WINNPOINTE CORPORATION
    Similarity Rank: 924
    CHOICE LENDING CORP.
    Similarity Rank: 1035
    LONG BEACH CITY EMPLOYEES Federal Credit Union
    Similarity Rank: 1053
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 1184
    FFC Mortgage Corp.
    Similarity Rank: 1428
    TRI-EMERALD FINANCIAL GROUP, INC.
    Similarity Rank: 1530
    Residential Mortgage Solutions, Inc.
    Similarity Rank: 1615
    LA Financial Federal Credit Union
    Similarity Rank: 1677

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 69 $36,895,000 $534,710 $3,103 3.19%

    For 2020, Long Beach Firemen S Credit Union's most frequently originated type of loan was Conventional, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 52 $28,960,000 $556,923 $2,831 3.17%
    Refi 11 $5,155,000 $468,636 $2,737 3.29%
    Home Purchase 6 $2,780,000 $463,333 $6,129 3.13%

    For 2020, Long Beach Firemen S Credit Union's most frequently cited loan purpose was Cash Out Refi, with 52 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 64 $34,380,000 $537,188 $3,155 3.16%
    15 Year 3 $1,245,000 $415,000 $2,160 3.98%
    Other 2 $1,270,000 $635,000 $2,857 3.00%

    For 2020, Long Beach Firemen S Credit Union's most frequently cited loan duration was 30 Year, with 64 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 62 $33,980,000 $548,065
    $1k-2k 6 $2,660,000 $443,333

    Long Beach Firemen S Credit Union's average total fees were $3,155, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 62 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 40 $22,330,000 $558,250
    3-4% 28 $14,310,000 $511,071
    4-5% 1 $255,000 $255,000

    During 2020, Long Beach Firemen S Credit Union's average interest rate for loans was 3.16%, while their most frequently originated rate bucket for loans was 2.5-3%, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 24 $12,580,000 $524,167 $2,740 3.11%
    $600k-1MM 24 $17,080,000 $711,667 $3,456 3.13%
    $200k-400k 19 $6,045,000 $318,158 $3,172 3.34%
    $100k-200k 1 $185,000 $185,000 $2,261 3.50%
    $1MM+ 1 $1,005,000 $1,005,000 $2,865 3.25%

    2020 saw Long Beach Firemen S Credit Union place emphasis on $400k-600k loans with 24 originations, totaling $12,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 36 $20,800,000 $577,778 $3,071 3.14%
    $250k+ 16 $9,500,000 $593,750 $3,347 3.22%
    $100k-150k 12 $4,660,000 $388,333 $3,137 3.17%
    $75k-100k 5 $1,935,000 $387,000 $2,470 3.49%

    Long Beach Firemen S Credit Union lent most frequently to those with incomes in the $150k-250k range, with 36 originations. The second most popular income band? $250k+, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 19 $9,125,000 $480,263 $3,361 3.21%
    30-36% 16 $8,530,000 $533,125 $2,703 3.22%
    <20% 5 $1,955,000 $391,000 $2,944 3.20%
    42% 4 $1,660,000 $415,000 $2,368 3.31%
    40% 4 $3,040,000 $760,000 $2,802 3.13%
    50-60% 3 $1,545,000 $515,000 $5,185 3.00%
    38% 2 $1,090,000 $545,000 $3,342 3.13%
    45% 2 $1,380,000 $690,000 $2,931 3.00%
    46% 2 $1,070,000 $535,000 $5,236 3.25%
    49% 2 $1,270,000 $635,000 $3,381 3.00%
    39% 2 $940,000 $470,000 $2,568 3.25%
    43% 2 $1,270,000 $635,000 $2,844 3.38%
    44% 2 $1,630,000 $815,000 $2,738 3.25%
    41% 1 $405,000 $405,000 $1,690 3.25%
    37% 1 $475,000 $475,000 $2,570 3.00%
    47% 1 $865,000 $865,000 $3,338 3.00%
    48% 1 $645,000 $645,000 $2,367 3.00%

    Long Beach Firemen S Credit Union lent most frequently to those with DTI ratios of 20-30%, with 19 originations. The next most common DTI ratio? 30-36%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $32,715,000 $536,311 $3,146 3.16%
    Black 5 $2,595,000 $519,000 $2,919 3.25%
    Other Asian 2 $940,000 $470,000 $2,440 3.50%
    Korean 1 $645,000 $645,000 $2,731 3.75%

    Approval Rates

    Total approvals of all applications
    89.87%

    Long Beach Firemen S Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.10%

    Long Beach Firemen S Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 69 $36,895,000 $534,710

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 69 $36,895,000 $534,710

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $1,710,000 $285,000 $2,349 3.25%
    40-60% 20 $9,570,000 $478,500 $3,076 3.29%
    60-80% 36 $21,490,000 $596,944 $3,121 3.15%
    80-100% 7 $4,125,000 $589,286 $3,732 3.07%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Long & Foster Financial Services, Inc. VA mortgage Trouble during payment process 1 20.0%
    Long & Foster Financial Services, Inc. FHA mortgage Closing on a mortgage 2 40.0%
    Long & Foster Financial Services, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    Long & Foster Financial Services, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%