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 Home Purchase loans. Va Desert Pacific Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Oklahoma City, Boise City, and Riverside among others. We have data for 4 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. Va Desert Pacific Fcu 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
16Origination Dollar Volume (All Markets)
$1,910,000Top 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) | 13 | $1,675,000 | $128,846 | $2,614 | 6.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,270 | 5.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $878 | 8.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,023 | 8.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 9 | $1,315,000 | $146,111 | $2,428 | 6.42% |
| HELOC | 7 | $595,000 | $85,000 | n/a | 5.96% |
For 2018, Va Desert Pacific Fcu's most frequently originated type of loan was Conventional, with 9 originations. Their 2nd most popular type was HELOC, with 7 originations.
Loan Reason
For 2018, Va Desert Pacific Fcu's most frequently cited loan purpose was Other, with 9 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
For 2018, Va Desert Pacific Fcu's most frequently cited loan duration was Other, with 7 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 5 | $315,000 | $63,000 |
| $1k-2k | 2 | $480,000 | $240,000 |
| $2k-3k | 1 | $155,000 | $155,000 |
| $4k-5k | 1 | $365,000 | $365,000 |
Va Desert Pacific Fcu's average total fees were $6,295, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 6 | $500,000 | $83,333 |
| 4-5% | 4 | $800,000 | $200,000 |
| 5-6% | 3 | $465,000 | $155,000 |
| 7-8% | 2 | $100,000 | $50,000 |
| Over 8% | 1 | $45,000 | $45,000 |
During 2018, Va Desert Pacific Fcu's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 6-7%, with 6 originations.
Loan Sizing
2018 saw Va Desert Pacific Fcu place emphasis on $100,000 or less loans with 7 originations, totaling $365,000 in origination value.
Applicant Income
Va Desert Pacific Fcu lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
Va Desert Pacific Fcu lent most frequently to those with DTI ratios of 30-36%, with 4 originations. The next most common DTI ratio? 38%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.19%
Va Desert Pacific Fcu has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 16 | $1,910,000 | $119,375 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 16 | $1,910,000 | $119,375 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Vitek Real Estate Industries Group, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Vitek Real Estate Industries Group, Inc. | Other type of mortgage | Struggling to pay mortgage | 1 | 50.0% |