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

Long Beach, CA

LEI: 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, Oxnard, and San Diego among others. We have data for 5 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 an above average pick rate when compared to similar lenders. 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% 4/28/24
30 Year Conventional Refi 7.41% 4/28/24
30 Year Cash-out Refi 6.11% 4/28/24
15 Year Conventional Refi 3.94% 4/28/24
15 Year Cash-out Refi 3.94% 4/28/24
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

57

Origination Dollar Volume (All Markets)

$37,215,000

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) 38 $28,120,000 $740,000 $0 3.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 14 $6,640,000 $474,286 $0 3.10%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,265,000 $421,667 $0 2.83%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $875,000 $875,000 $0 3.00%
Outside of Metro Areas 1 $315,000 $315,000 $0 0.00%
Long Beach Firemen S Credit Union's top markets include Los Angeles, Riverside, Oxnard, and San Diego 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.

    Los Angeles Federal Credit Union
    Similarity Rank: 112
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 324
    LBS FINANCIAL
    Similarity Rank: 707
    First City Credit Union
    Similarity Rank: 720
    VENTURA COUNTY
    Similarity Rank: 882
    Sterling Bank and Trust, FSB
    Similarity Rank: 920
    Christian Community Credit Union
    Similarity Rank: 990

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 57 $37,215,000 $652,895 $0 3.02%

    For 2022, Long Beach Firemen S Credit Union's most frequently originated type of loan was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 43 $28,085,000 $653,140 $0 3.06%
    Home Purchase 12 $8,190,000 $682,500 $0 2.88%
    Refi 2 $940,000 $470,000 $0 3.00%

    For 2022, Long Beach Firemen S Credit Union's most frequently cited loan purpose was Cash Out Refi, with 43 originations. The 2nd most popular reason was Home Purchase, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 45 $30,985,000 $688,556 $0 2.89%
    15 Year 9 $4,155,000 $461,667 $0 3.68%
    Other 3 $2,075,000 $691,667 $0 2.92%

    For 2022, Long Beach Firemen S Credit Union's most frequently cited loan duration was 30 Year, with 45 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 33 $24,085,000 $729,848
    $<1k 21 $11,185,000 $532,619
    $2k-3k 2 $1,630,000 $815,000

    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 33 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 49 $34,285,000 $699,694
    3-4% 4 $2,050,000 $512,500
    4-5% 3 $565,000 $188,333

    During 2022, Long Beach Firemen S Credit Union's average interest rate for loans was 2.89%, while their most frequently originated rate bucket for loans was 2.5-3%, with 49 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 29 $21,585,000 $744,310 $0 2.89%
    $200k-400k 10 $2,760,000 $276,000 $0 3.32%
    $400k-600k 8 $3,770,000 $471,250 $0 3.06%
    $1MM+ 7 $8,675,000 $1,239,286 $0 2.89%
    $100k-200k 2 $360,000 $180,000 $0 2.88%
    $100,000 or less 1 $65,000 $65,000 $0 4.95%

    2022 saw Long Beach Firemen S Credit Union place emphasis on $600k-1MM loans with 29 originations, totaling $21,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 23 $13,045,000 $567,174 $0 2.99%
    $250k+ 20 $17,660,000 $883,000 $0 2.95%
    $100k-150k 11 $5,675,000 $515,909 $0 3.04%
    $75k-100k 2 $520,000 $260,000 $0 3.98%

    Long Beach Firemen S Credit Union lent most frequently to those with incomes in the $150k-250k range, with 23 originations. The second most popular income band? $250k+, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $9,050,000 $565,625 $0 3.17%
    <20% 7 $2,765,000 $395,000 $0 3.00%
    50-60% 4 $3,240,000 $810,000 $0 3.06%
    30-36% 3 $1,935,000 $645,000 $0 2.83%
    41% 3 $2,475,000 $825,000 $0 3.48%
    48% 3 $1,955,000 $651,667 $0 2.83%
    37% 3 $2,725,000 $908,333 $0 2.92%
    36% 2 $2,210,000 $1,105,000 $0 3.00%
    44% 2 $1,450,000 $725,000 $0 2.88%
    47% 2 $1,570,000 $785,000 $0 3.13%
    43% 2 $1,390,000 $695,000 $0 2.88%
    38% 2 $1,660,000 $830,000 $0 2.88%
    39% 2 $1,190,000 $595,000 $0 2.88%
    42% 2 $1,650,000 $825,000 $0 2.75%
    46% 1 $665,000 $665,000 $0 2.75%
    49% 1 $625,000 $625,000 $0 2.75%
    40% 1 $345,000 $345,000 $0 2.75%

    Long Beach Firemen S Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 46 $30,720,000 $667,826 $0 3.00%
    Black 7 $4,255,000 $607,857 $0 2.93%
    Korean 3 $2,175,000 $725,000 $0 2.83%
    American Indian 1 $65,000 $65,000 $0 4.95%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    96.49%

    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
    10052.55 1 $875,000 $875,000
    1082.0 1 $245,000 $245,000
    13550.22 1 $655,000 $655,000
    15269.25 1 $565,000 $565,000
    1538.0 1 $255,000 $255,000
    1699.0 1 $65,000 $65,000
    18466.29 1 $1,425,000 $1,425,000
    1953.84 1 $345,000 $345,000
    2268.08 1 $355,000 $355,000
    2320.1 1 $185,000 $185,000
    2518.57 1 $255,000 $255,000
    2568.96 1 $175,000 $175,000
    2591.04 1 $405,000 $405,000
    2616.84 1 $405,000 $405,000
    2812.81 1 $805,000 $805,000
    3117.15 1 $685,000 $685,000
    3165.8 1 $485,000 $485,000
    3207.98 1 $645,000 $645,000
    3250.42 1 $705,000 $705,000
    3301.47 1 $275,000 $275,000
    3316.49 1 $255,000 $255,000
    3399.0 1 $735,000 $735,000
    3442.12 1 $715,000 $715,000
    3466.72 1 $905,000 $905,000
    3476.84 1 $675,000 $675,000
    3511.8 1 $455,000 $455,000
    3518.12 1 $1,055,000 $1,055,000
    3563.65 1 $795,000 $795,000
    3570.3 1 $965,000 $965,000
    3664.52 1 $705,000 $705,000
    3699.7 1 $665,000 $665,000
    3749.26 1 $925,000 $925,000
    3786.71 1 $625,000 $625,000
    3821.9 1 $505,000 $505,000
    3862.46 1 $855,000 $855,000
    3901.6 1 $1,065,000 $1,065,000
    4111.4 1 $825,000 $825,000
    4127.05 1 $875,000 $875,000
    4238.2 1 $775,000 $775,000
    4289.4 1 $675,000 $675,000
    4490.67 1 $1,455,000 $1,455,000
    4497.94 1 $445,000 $445,000
    4523.78 1 $725,000 $725,000
    4538.75 1 $785,000 $785,000
    4670.8 1 $1,175,000 $1,175,000
    5337.14 1 $1,385,000 $1,385,000
    5636.16 1 $755,000 $755,000
    5710.76 1 $205,000 $205,000
    6890.95 1 $255,000 $255,000
    7060.12 1 $605,000 $605,000
    7748.91 1 $645,000 $645,000
    7808.81 1 $725,000 $725,000
    7914.78 1 $655,000 $655,000
    8503.16 1 $505,000 $505,000
    9730.56 1 $1,115,000 $1,115,000
    9905.6 1 $605,000 $605,000
    NA 1 $315,000 $315,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    57 $37,215,000 $652,895

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $3,010,000 $301,000 $0 3.34%
    40-60% 11 $8,555,000 $777,727 $0 2.91%
    60-80% 23 $16,855,000 $732,826 $0 2.90%
    80-100% 10 $8,240,000 $824,000 $0 2.90%
    Under 20% 2 $240,000 $120,000 $0 3.98%