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 an average 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% |