Glendale Federal Credit Union Mortgage Rates, Fees & Info

Glendale, CA

LEI: 549300Y6017C6OJWS030

Tax ID: 95-1744202

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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.

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Originations

10

Origination Dollar Volume (All Markets)

$5,460,000

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) 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%
Glendale Federal Credit Union's top markets include Los Angeles, San Diego, and Riverside among others.

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

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    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 7 $4,205,000 $600,714 $11,247 4.00%
    Refi 2 $910,000 $455,000 $10,930 4.25%
    Home Improvement 1 $345,000 $345,000 $9,261 3.75%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 5 $2,595,000 $519,000 $11,694 3.55%
    Other 3 $1,395,000 $465,000 $11,073 4.25%
    20 Year 1 $805,000 $805,000 $3,961 4.75%
    30 Year 1 $665,000 $665,000 $14,196 5.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 4 $2,030,000 $507,500 $11,575 3.78%
    $600k-1MM 4 $2,730,000 $682,500 $11,260 4.25%
    $200k-400k 2 $700,000 $350,000 $9,255 4.06%

    2018 saw Glendale Federal Credit Union place emphasis on $400k-600k loans with 4 originations, totaling $2,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 5 $2,435,000 $487,000 $11,319 3.88%
    $100k-150k 4 $2,390,000 $597,500 $9,942 4.34%
    $250k+ 1 $635,000 $635,000 $13,486 3.50%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    39% 2 $1,190,000 $595,000 $12,879 3.50%
    42% 2 $1,120,000 $560,000 $12,424 3.88%
    30-36% 1 $555,000 $555,000 $12,611 4.13%
    36% 1 $425,000 $425,000 $9,966 3.50%
    44% 1 $665,000 $665,000 $14,196 5.00%
    <20% 1 $345,000 $345,000 $9,261 3.75%
    48% 1 $805,000 $805,000 $3,961 4.75%
    20-30% 1 $355,000 $355,000 $9,248 4.38%

    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 applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 10 $5,460,000 $546,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 10 $5,460,000 $546,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 5 $2,765,000 $553,000 $9,857 3.93%
    60-80% 4 $2,210,000 $552,500 $12,300 4.09%
    80-100% 1 $485,000 $485,000 $11,361 4.25%