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 loans. Va Desert Pacific Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Las Vegas, Riverside, and Omaha 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 above average approval rate when compared to the average across all lenders.
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Originations
24Origination Dollar Volume (All Markets)
$1,920,000Top 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) | 16 | $1,210,000 | $75,625 | $1,288 | 7.28% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 5 | $515,000 | $103,000 | $4,669 | 5.95% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,701 | 9.38% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,387 | 6.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 12 | $1,130,000 | $94,167 | n/a | 7.33% |
| Conventional | 12 | $790,000 | $65,833 | $2,176 | 6.96% |
For 2019, Va Desert Pacific Fcu's most frequently originated type of loan was HELOC, with 12 originations. Their 2nd most popular type was Conventional, with 12 originations.
Loan Reason
For 2019, Va Desert Pacific Fcu's most frequently cited loan purpose was Other, with 15 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 11 | $605,000 | $55,000 | $1,342 | 7.66% |
| Other | 11 | $975,000 | $88,636 | $0 | 7.25% |
| 20 Year | 2 | $340,000 | $170,000 | $6,342 | 3.75% |
For 2019, Va Desert Pacific Fcu's most frequently cited loan duration was 15 Year, with 11 originations. The 2nd most popular length was Other, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 10 | $450,000 | $45,000 |
| $2k-3k | 1 | $185,000 | $185,000 |
| $5k+ | 1 | $155,000 | $155,000 |
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 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 8 | $350,000 | $43,750 |
| 6-7% | 6 | $340,000 | $56,667 |
| Over 8% | 5 | $405,000 | $81,000 |
| 5-6% | 3 | $485,000 | $161,667 |
| 3-4% | 2 | $340,000 | $170,000 |
During 2019, Va Desert Pacific Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 8 originations.
Loan Sizing
2019 saw Va Desert Pacific Fcu place emphasis on $100,000 or less loans with 17 originations, totaling $805,000 in origination value.
Applicant Income
Va Desert Pacific Fcu lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
Va Desert Pacific Fcu lent most frequently to those with DTI ratios of 20-30%, with 4 originations. The next most common DTI ratio? 42%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.00%
Va Desert Pacific Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 24 | $1,920,000 | $80,000 |