Glendale Federal Credit Union Mortgage Rates, Fees & Info
Glendale, CALEI: 549300Y6017C6OJWS030
Tax ID: 95-1744202
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Glendale Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Glendale Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, and Riverside among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Glendale Federal Credit Union has an above average approval rate when compared to the average across all lenders. Glendale Federal Credit Union is typically a high 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
10Origination Dollar Volume (All Markets)
$5,460,000Top 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) | 8 | $4,420,000 | $552,500 | $10,734 | 3.98% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $12,611 | 4.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $11,361 | 4.25% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against GLENDALE FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 203
Similarity Rank: 210
Similarity Rank: 255
Similarity Rank: 321
Similarity Rank: 500
Similarity Rank: 515
Similarity Rank: 612
Similarity Rank: 614
Similarity Rank: 728
Similarity Rank: 732
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 10 | $5,460,000 | $546,000 | $10,985 | 4.03% |
For 2018, Glendale Federal Credit Union's most frequently originated type of loan was Conventional, with 10 originations.
Loan Reason
For 2018, Glendale Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 7 originations. The 2nd most popular reason was Refi, with 2 originations.
Loan Duration/Length
For 2018, Glendale Federal Credit Union's most frequently cited loan duration was 15 Year, with 5 originations. The 2nd most popular length was Other, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 5 | $2,595,000 | $519,000 |
| 4-5% | 5 | $2,865,000 | $573,000 |
During 2018, Glendale Federal Credit Union's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 3-4%, with 5 originations.
Loan Sizing
2018 saw Glendale Federal Credit Union place emphasis on $400k-600k loans with 4 originations, totaling $2,030,000 in origination value.
Applicant Income
Glendale Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
Glendale Federal Credit Union lent most frequently to those with DTI ratios of 39%, with 2 originations. The next most common DTI ratio? 42%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 9 | $5,105,000 | $567,222 | $11,178 | 3.99% |
| Black | 1 | $355,000 | $355,000 | $9,248 | 4.38% |
Approval Rates
Total approvals of all applications100.00%
Glendale Federal Credit Union 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 | 10 | $5,460,000 | $546,000 |