Va Desert Pacific Fcu Mortgage Rates, Fees & Info
Signal Hill, CALEI: 549300Y1BH01D1B61H27
Tax ID: 95-1658156
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Mortgage Data
Review & Overview
Va Desert Pacific Fcu is a smaller credit union specializing in Other and Cash Out Refi loans. Va Desert Pacific Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Las Vegas, New York, Riverside, and Santa Maria among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Va Desert Pacific Fcu 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.
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Originations
38Origination Dollar Volume (All Markets)
$4,010,000Top 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) | 26 | $2,900,000 | $111,538 | $0 | 9.63% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $0 | 10.25% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 10.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 11.38% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.50% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.75% |
| Palestine, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 12.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 15.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 19 | $2,345,000 | $123,421 | n/a | 9.75% |
| Conventional | 19 | $1,665,000 | $87,632 | $0 | 10.26% |
For 2023, Va Desert Pacific Fcu's most frequently originated type of loan was HELOC, with 19 originations. Their 2nd most popular type was Conventional, with 19 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 19 | $2,345,000 | $123,421 | $0 | 9.75% |
| Cash Out Refi | 19 | $1,665,000 | $87,632 | $0 | 10.26% |
For 2023, Va Desert Pacific Fcu's most frequently cited loan purpose was Other, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 19 | $2,345,000 | $123,421 | $0 | 9.75% |
| 15 Year | 17 | $1,295,000 | $76,176 | $0 | 10.63% |
| 20 Year | 2 | $370,000 | $185,000 | $0 | 7.13% |
For 2023, Va Desert Pacific Fcu's most frequently cited loan duration was Other, with 19 originations. The 2nd most popular length was 15 Year, with 17 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 16 | $1,240,000 | $77,500 |
| $1k-2k | 2 | $170,000 | $85,000 |
| $3k-4k | 1 | $255,000 | $255,000 |
Va Desert Pacific Fcu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 16 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 32 | $3,180,000 | $99,375 |
| 7-8% | 4 | $620,000 | $155,000 |
| 6-7% | 2 | $210,000 | $105,000 |
During 2023, Va Desert Pacific Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 32 originations.
Loan Sizing
2023 saw Va Desert Pacific Fcu place emphasis on $100,000 or less loans with 20 originations, totaling $1,230,000 in origination value.
Applicant Income
Va Desert Pacific Fcu lent most frequently to those with incomes in the $150k-250k range, with 15 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
Va Desert Pacific Fcu lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? 44%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.36%
Va Desert Pacific Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination89.47%
Va Desert Pacific Fcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1030.45 | 3 | $185,000 | $61,667 |
| 1220.0 | 1 | $105,000 | $105,000 |
| 1275.0 | 2 | $240,000 | $120,000 |
| 1280.45 | 1 | $115,000 | $115,000 |
| 1470.0 | 3 | $595,000 | $198,333 |
| 1479.95 | 1 | $255,000 | $255,000 |
| 1530.45 | 1 | $155,000 | $155,000 |
| 1669.35 | 1 | $125,000 | $125,000 |
| 2030.45 | 1 | $205,000 | $205,000 |
| 970.0 | 5 | $365,000 | $73,000 |
| NA | 19 | $1,665,000 | $87,632 |