Cabrillo Credit Union Mortgage Rates, Fees & Info

San Diego, CA

LEI: 549300MO8CQCGRFR1Y51

Tax ID: 95-1968774

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Mortgage Data

Review & Overview

Cabrillo Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Cabrillo Credit Union has a high proportion of conventional loans. Their top two markets are San Diego and Riverside .

Cabrillo 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. Cabrillo 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.

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Originations

19

Origination Dollar Volume (All Markets)

$5,875,000

Awards

Cabrillo 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
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 16 $4,660,000 $291,250 $4,007 4.69%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $1,215,000 $405,000 $5,425 4.92%
Cabrillo Credit Union's top markets include San Diego and Riverside among others.

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

    We use machine learning to identify the top lenders compared against Cabrillo 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: 84
    MISSION
    Similarity Rank: 168
    Cabrillo Credit Union
    Similarity Rank: 248
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 442
    T. J. FINANCIAL, INC.
    Similarity Rank: 1232
    USE Credit Union
    Similarity Rank: 1335
    Greenpath Funding, LLC
    Similarity Rank: 1415
    The Home Lending Group LLC
    Similarity Rank: 1540

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 18 $5,770,000 $320,556 $4,243 4.74%
    HELOC 1 $105,000 $105,000 n/a 4.50%

    For 2018, Cabrillo Credit Union's most frequently originated type of loan was Conventional, with 18 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 11 $3,435,000 $312,273 $4,787 4.79%
    Refi 8 $2,440,000 $305,000 $3,389 4.63%

    For 2018, Cabrillo Credit Union's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 18 $5,510,000 $306,111 $4,289 4.78%
    20 Year 1 $365,000 $365,000 $3,458 3.75%

    For 2018, Cabrillo Credit Union's most frequently cited loan duration was 30 Year, with 18 originations. The 2nd most popular length was 20 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 17 $5,295,000 $311,471
    $3k-4k 1 $475,000 $475,000

    Cabrillo Credit Union's average total fees were $4,289, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 17 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 17 $5,345,000 $314,412
    3-4% 1 $365,000 $365,000
    5-6% 1 $165,000 $165,000

    During 2018, Cabrillo Credit Union's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 17 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 12 $3,520,000 $293,333 $4,107 4.67%
    $400k-600k 4 $1,980,000 $495,000 $4,972 4.78%
    $100k-200k 3 $375,000 $125,000 $3,602 4.88%

    2018 saw Cabrillo Credit Union place emphasis on $200k-400k loans with 12 originations, totaling $3,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 7 $1,735,000 $247,857 $4,116 4.73%
    $150k-250k 5 $1,915,000 $383,000 $4,989 4.63%
    $100k-150k 3 $1,065,000 $355,000 $3,827 4.79%
    $250k+ 2 $710,000 $355,000 $3,497 4.75%
    $75k-100k 2 $450,000 $225,000 $4,129 4.81%

    Cabrillo Credit Union lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $150k-250k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 5 $1,605,000 $321,000 $4,759 4.70%
    37% 2 $870,000 $435,000 $4,844 4.50%
    <20% 2 $710,000 $355,000 $3,497 4.75%
    41% 2 $480,000 $240,000 $3,946 4.81%
    42% 2 $810,000 $405,000 $3,740 4.81%
    >60% 1 $355,000 $355,000 $3,459 4.75%
    43% 1 $285,000 $285,000 $5,049 4.38%
    44% 1 $275,000 $275,000 $4,174 4.75%
    45% 1 $165,000 $165,000 $3,209 5.25%
    39% 1 $105,000 $105,000 $0 4.50%
    47% 1 $215,000 $215,000 $4,637 4.88%

    Cabrillo Credit Union lent most frequently to those with DTI ratios of 30-36%, with 5 originations. The next most common DTI ratio? 37%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 19 $5,875,000 $309,211 $4,243 4.72%

    Approval Rates

    Total approvals of all applications
    85.19%

    Cabrillo Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.47%

    Cabrillo Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 19 $5,875,000 $309,211

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 19 $5,875,000 $309,211

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $265,000 $265,000 $3,534 4.50%
    40-60% 2 $500,000 $250,000 $4,843 4.63%
    60-80% 9 $2,745,000 $305,000 $3,853 4.79%
    80-100% 6 $2,260,000 $376,667 $4,746 4.73%
    Under 20% 1 $105,000 $105,000 $0 4.50%