Va Desert Pacific Fcu Mortgage Rates, Fees & Info

Signal Hill, CA

LEI: 549300Y1BH01D1B61H27

Tax ID: 95-1658156

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Va Desert Pacific Fcu is a smaller credit union specializing in Other, Cash Out Refi, and Home Purchase loans. Va Desert Pacific Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Dallas, Oxnard, Las Vegas, and Riverside 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 above 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    47

    Origination Dollar Volume (All Markets)

    $7,255,000

    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) 32 $4,960,000 $155,000 $3,453 4.33%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $535,000 $535,000 $4,157 3.50%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $475,000 $475,000 $11,680 3.85%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 5 $375,000 $75,000 $1,923 6.80%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $290,000 $72,500 $1,637 5.94%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $245,000 $245,000 $7,641 3.50%
    EL PASO, TX (FHA|USDA|VA) 1 $195,000 $195,000 $5,419 3.38%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.25%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.75%
    Va Desert Pacific Fcu's top markets include Los Angeles, Dallas, Oxnard, Las Vegas, and Riverside among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 24 $3,240,000 $135,000 n/a 4.47%
    Conventional 23 $4,015,000 $174,565 $3,739 4.88%

    For 2021, Va Desert Pacific Fcu's most frequently originated type of loan was HELOC, with 24 originations. Their 2nd most popular type was Conventional, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 20 $2,510,000 $125,500 $0 4.54%
    Cash Out Refi 18 $2,140,000 $118,889 $2,440 5.47%
    Home Purchase 5 $1,805,000 $361,000 $7,490 3.47%
    Home Improvement 2 $430,000 $215,000 $0 3.75%
    Refi 2 $370,000 $185,000 $4,753 2.81%

    For 2021, Va Desert Pacific Fcu's most frequently cited loan purpose was Other, with 20 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 24 $3,240,000 $135,000 $0 4.47%
    15 Year 16 $2,310,000 $144,375 $2,816 5.57%
    20 Year 4 $1,190,000 $297,500 $6,682 3.49%
    10 Year 2 $270,000 $135,000 $3,283 2.88%
    30 Year 1 $245,000 $245,000 $7,641 3.50%

    For 2021, Va Desert Pacific Fcu's most frequently cited loan duration was Other, with 24 originations. The 2nd most popular length was 15 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 8 $930,000 $116,250
    $1k-2k 5 $575,000 $115,000
    $2k-3k 4 $690,000 $172,500
    $3k-4k 3 $705,000 $235,000
    $4k-5k 2 $640,000 $320,000
    $5k+ 1 $475,000 $475,000

    Va Desert Pacific Fcu's average total fees were $7,641, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 8 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 18 $4,220,000 $234,444
    4-5% 9 $915,000 $101,667
    5-6% 7 $555,000 $79,286
    7-8% 4 $270,000 $67,500
    6-7% 4 $340,000 $85,000
    2.5-3% 3 $745,000 $248,333
    Over 8% 1 $35,000 $35,000
    <2.5% 1 $175,000 $175,000

    During 2021, Va Desert Pacific Fcu's average interest rate for loans was 3.50%, while their most frequently originated rate bucket for loans was 3-4%, with 18 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $1,070,000 $59,444 $1,549 5.97%
    $100k-200k 15 $2,125,000 $141,667 $3,093 4.23%
    $200k-400k 12 $3,050,000 $254,167 $6,606 3.44%
    $400k-600k 2 $1,010,000 $505,000 $7,919 3.68%

    2021 saw Va Desert Pacific Fcu place emphasis on $100,000 or less loans with 18 originations, totaling $1,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $2,205,000 $169,615 $5,717 4.41%
    $150k-250k 13 $2,285,000 $175,769 $2,509 4.13%
    $50k-75k 9 $1,145,000 $127,222 $3,923 5.08%
    $75k-100k 7 $1,155,000 $165,000 $2,944 5.05%
    $250k+ 4 $300,000 $75,000 $1,356 6.19%
    $50k or less 1 $165,000 $165,000 $3,632 2.63%

    Va Desert Pacific Fcu lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $150k-250k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 10 $1,990,000 $199,000 $4,369 4.43%
    30-36% 8 $1,090,000 $136,250 $2,796 4.13%
    <20% 5 $495,000 $99,000 $1,329 4.50%
    45% 5 $965,000 $193,000 $5,210 5.17%
    36% 3 $435,000 $145,000 $1,314 3.67%
    42% 2 $70,000 $35,000 $1,366 8.13%
    38% 2 $450,000 $225,000 $5,419 3.31%
    40% 2 $280,000 $140,000 $2,676 4.06%
    41% 2 $300,000 $150,000 $5,762 5.12%
    44% 2 $230,000 $115,000 $2,350 6.13%
    >60% 1 $245,000 $245,000 $7,641 3.50%
    37% 1 $75,000 $75,000 $1,311 5.50%
    46% 1 $235,000 $235,000 $0 4.25%
    49% 1 $45,000 $45,000 $0 5.75%
    50-60% 1 $245,000 $245,000 $0 3.25%
    43% 1 $105,000 $105,000 $0 7.25%

    Va Desert Pacific Fcu lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? 30-36%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 20 $3,830,000 $191,500 $5,316 4.15%
    Not provided 10 $1,150,000 $115,000 $2,261 5.25%
    Black 10 $1,110,000 $111,000 $2,769 5.63%
    Asian 3 $565,000 $188,333 $0 3.75%
    Chinese 1 $255,000 $255,000 $0 3.25%
    Filipino 2 $220,000 $110,000 $0 4.00%
    Korean 1 $125,000 $125,000 $1,639 5.25%

    Approval Rates

    Total approvals of all applications
    92.16%

    Va Desert Pacific Fcu has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 47 $7,255,000 $154,362

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    47 $7,255,000 $154,362

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $1,995,000 $181,364 $3,551 3.60%
    40-60% 1 $235,000 $235,000 $0 4.25%
    60-80% 3 $1,055,000 $351,667 $8,763 3.45%
    80-100% 4 $1,280,000 $320,000 $5,887 3.34%
    Under 20% 28 $2,690,000 $96,071 $1,673 5.43%