Va Desert Pacific Fcu Mortgage Rates, Fees & Info

Signal Hill, CA

LEI: 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

24

Origination Dollar Volume (All Markets)

$1,920,000

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
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%
Va Desert Pacific Fcu's top markets include Los Angeles, Las Vegas, Riverside, and Omaha among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 15 $1,295,000 $86,333 $1,379 7.65%
    Cash Out Refi 7 $285,000 $40,714 $1,326 7.04%
    Home Purchase 1 $155,000 $155,000 $8,701 3.50%
    Refi 1 $185,000 $185,000 $3,983 3.99%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 17 $805,000 $47,353 $1,342 7.62%
    $100k-200k 5 $705,000 $141,000 $6,342 6.20%
    $200k-400k 2 $410,000 $205,000 $0 5.50%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $815,000 $116,429 $2,101 6.36%
    $150k-250k 5 $385,000 $77,000 $1,258 7.60%
    $50k-75k 5 $205,000 $41,000 $1,392 7.30%
    $75k-100k 5 $405,000 $81,000 $3,930 7.45%
    $50k or less 2 $110,000 $55,000 $1,322 7.63%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 4 $250,000 $62,500 $1,387 7.00%
    42% 4 $360,000 $90,000 $0 8.06%
    41% 3 $225,000 $75,000 $3,809 6.25%
    30-36% 3 $435,000 $145,000 $2,703 5.33%
    50-60% 2 $120,000 $60,000 $1,488 8.25%
    39% 2 $70,000 $35,000 $1,036 9.13%
    40% 1 $75,000 $75,000 $1,343 6.00%
    38% 1 $35,000 $35,000 $0 8.00%
    44% 1 $205,000 $205,000 $0 5.50%
    48% 1 $55,000 $55,000 $0 8.50%
    49% 1 $35,000 $35,000 $1,498 7.00%
    <20% 1 $55,000 $55,000 $0 6.75%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 7 $885,000 $126,429 $4,703 6.00%
    White 9 $605,000 $67,222 $1,285 7.03%
    Black 4 $230,000 $57,500 $1,397 9.38%
    Not provided 4 $200,000 $50,000 $1,498 7.19%

    Approval Rates

    Total approvals of all applications
    96.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 24 $1,920,000 $80,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 24 $1,920,000 $80,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $755,000 $107,857 $1,328 6.75%
    40-60% 1 $185,000 $185,000 $3,983 3.99%
    60-80% 1 $155,000 $155,000 $8,701 3.50%
    Under 20% 15 $825,000 $55,000 $1,348 7.78%