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 Cash Out Refi and Home Purchase loans. Long Beach Firemen S Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, and San Diego among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Long Beach Firemen S Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have about average rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.00% | 11/22/24 |
| 30 Year Conventional Refi | 7.41% | 11/22/24 |
| 30 Year Cash-out Refi | 6.11% | 11/22/24 |
| 15 Year Conventional Refi | 3.94% | 11/22/24 |
| 15 Year Cash-out Refi | 3.94% | 11/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
62Origination Dollar Volume (All Markets)
$38,760,000Top 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) | 53 | $34,025,000 | $641,981 | $0 | 2.82% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $3,225,000 | $460,714 | $0 | 2.89% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $0 | 2.75% |
| Outside of Metro Areas | 1 | $535,000 | $535,000 | $0 | 0.00% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $38,760,000 | $625,161 | $0 | 2.82% |
For 2021, Long Beach Firemen S Credit Union's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 45 | $27,665,000 | $614,778 | $0 | 2.82% |
| Home Purchase | 10 | $8,300,000 | $830,000 | $0 | 2.75% |
| Refi | 7 | $2,795,000 | $399,286 | $0 | 2.96% |
For 2021, Long Beach Firemen S Credit Union's most frequently cited loan purpose was Cash Out Refi, with 45 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 58 | $36,750,000 | $633,621 | $0 | 2.82% |
| Other | 4 | $2,010,000 | $502,500 | $0 | 2.92% |
For 2021, Long Beach Firemen S Credit Union's most frequently cited loan duration was 30 Year, with 58 originations. The 2nd most popular length was Other, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 59 | $36,965,000 | $626,525 |
| $1k-2k | 2 | $1,260,000 | $630,000 |
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 bucket, with 59 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 52 | $34,820,000 | $669,615 |
| 3-4% | 9 | $3,405,000 | $378,333 |
During 2021, Long Beach Firemen S Credit Union's average interest rate for loans was 2.82%, while their most frequently originated rate bucket for loans was 2.5-3%, with 52 originations.
Loan Sizing
2021 saw Long Beach Firemen S Credit Union place emphasis on $600k-1MM loans with 27 originations, totaling $20,095,000 in origination value.
Applicant Income
Long Beach Firemen S Credit Union lent most frequently to those with incomes in the $150k-250k range, with 35 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
Long Beach Firemen S Credit Union lent most frequently to those with DTI ratios of 30-36%, with 13 originations. The next most common DTI ratio? 20-30%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.57%
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 origination88.71%
Long Beach Firemen S Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10823.66 | 1 | $1,115,000 | $1,115,000 |
| 11789.67 | 1 | $1,575,000 | $1,575,000 |
| 13683.61 | 1 | $655,000 | $655,000 |
| 17485.69 | 1 | $1,045,000 | $1,045,000 |
| 2126.2 | 1 | $145,000 | $145,000 |
| 2327.63 | 1 | $205,000 | $205,000 |
| 2337.4 | 1 | $325,000 | $325,000 |
| 2375.82 | 1 | $245,000 | $245,000 |
| 2439.25 | 1 | $165,000 | $165,000 |
| 2474.75 | 1 | $105,000 | $105,000 |
| 2511.53 | 1 | $755,000 | $755,000 |
| 2573.02 | 1 | $1,005,000 | $1,005,000 |
| 2579.69 | 1 | $155,000 | $155,000 |
| 2584.12 | 1 | $415,000 | $415,000 |
| 2595.08 | 1 | $355,000 | $355,000 |
| 2596.2 | 1 | $585,000 | $585,000 |
| 2619.56 | 1 | $755,000 | $755,000 |
| 2681.08 | 1 | $745,000 | $745,000 |
| 2699.27 | 1 | $685,000 | $685,000 |
| 2700.1 | 1 | $405,000 | $405,000 |
| 2708.0 | 1 | $725,000 | $725,000 |
| 2712.95 | 1 | $435,000 | $435,000 |
| 2723.85 | 1 | $305,000 | $305,000 |
| 2741.4 | 1 | $495,000 | $495,000 |
| 2799.92 | 1 | $535,000 | $535,000 |
| 2802.7 | 1 | $585,000 | $585,000 |
| 2843.5 | 1 | $285,000 | $285,000 |
| 2864.52 | 1 | $385,000 | $385,000 |
| 2904.57 | 1 | $465,000 | $465,000 |
| 2908.52 | 1 | $765,000 | $765,000 |
| 2912.8 | 1 | $485,000 | $485,000 |
| 3019.1 | 1 | $595,000 | $595,000 |
| 3023.81 | 1 | $675,000 | $675,000 |
| 3032.26 | 1 | $375,000 | $375,000 |
| 3050.11 | 1 | $545,000 | $545,000 |
| 3059.52 | 1 | $465,000 | $465,000 |
| 3099.85 | 1 | $735,000 | $735,000 |
| 3106.4 | 1 | $615,000 | $615,000 |
| 3197.66 | 1 | $1,125,000 | $1,125,000 |
| 3220.36 | 1 | $645,000 | $645,000 |
| 3230.2 | 1 | $815,000 | $815,000 |
| 3391.8 | 1 | $595,000 | $595,000 |
| 3413.8 | 1 | $715,000 | $715,000 |
| 3584.96 | 1 | $635,000 | $635,000 |
| 3689.33 | 1 | $755,000 | $755,000 |
| 3689.87 | 1 | $775,000 | $775,000 |
| 3785.45 | 1 | $975,000 | $975,000 |
| 3806.08 | 1 | $605,000 | $605,000 |
| 3816.12 | 1 | $505,000 | $505,000 |
| 4169.66 | 1 | $1,085,000 | $1,085,000 |
| 4215.99 | 1 | $775,000 | $775,000 |
| 4527.68 | 1 | $995,000 | $995,000 |
| 4632.0 | 1 | $515,000 | $515,000 |
| 6035.93 | 1 | $725,000 | $725,000 |
| 6126.82 | 1 | $635,000 | $635,000 |
| 6743.34 | 1 | $505,000 | $505,000 |
| 7268.66 | 1 | $605,000 | $605,000 |
| 7904.27 | 1 | $955,000 | $955,000 |
| 8139.57 | 1 | $945,000 | $945,000 |
| 8466.27 | 1 | $805,000 | $805,000 |
| 9197.32 | 1 | $625,000 | $625,000 |
| NA | 1 | $535,000 | $535,000 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Long & Foster Financial Services, Inc. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 8.3% |
| Long & Foster Financial Services, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 33.3% |
| Long & Foster Financial Services, Inc. | Conventional home mortgage | Closing on a mortgage | 2 | 16.7% |
| Long & Foster Financial Services, Inc. | Conventional home mortgage | Trouble during payment process | 2 | 16.7% |
| Long & Foster Financial Services, Inc. | FHA mortgage | Closing on a mortgage | 1 | 8.3% |
| Long & Foster Financial Services, Inc. | FHA mortgage | Trouble during payment process | 1 | 8.3% |
| Long & Foster Financial Services, Inc. | Other type of mortgage | Closing on a mortgage | 1 | 8.3% |