Glendale Federal Credit Union Mortgage Rates, Fees & Info
Glendale, CALEI: 549300Y6017C6OJWS030
Tax ID: 95-1744202
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Mortgage Data
Review & Overview
Glendale Federal Credit Union is a smaller credit union specializing in Refi loans. Glendale Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, and San Francisco 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 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.
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Originations
22Origination Dollar Volume (All Markets)
$9,630,000Top 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) | 18 | $8,420,000 | $467,778 | $7,398 | 3.51% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $4,133 | 3.26% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,522 | 4.50% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 22 | $9,630,000 | $437,727 | $6,822 | 3.52% |
For 2020, Glendale Federal Credit Union's most frequently originated type of loan was Conventional, with 22 originations.
Loan Reason
For 2020, Glendale Federal Credit Union's most frequently cited loan purpose was Refi, with 17 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
For 2020, Glendale Federal Credit Union's most frequently cited loan duration was 30 Year, with 15 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 8 | $4,170,000 | $521,250 |
| $<1k | 7 | $1,915,000 | $273,571 |
| $5k+ | 6 | $3,340,000 | $556,667 |
| $3k-4k | 1 | $205,000 | $205,000 |
Glendale Federal Credit Union's average total fees were $5,735, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 9 | $3,555,000 | $395,000 |
| 3-4% | 8 | $3,900,000 | $487,500 |
| 4-5% | 5 | $2,175,000 | $435,000 |
During 2020, Glendale Federal Credit Union's average interest rate for loans was 3.71%, while their most frequently originated rate bucket for loans was 2.5-3%, with 9 originations.
Loan Sizing
2020 saw Glendale Federal Credit Union place emphasis on $200k-400k loans with 7 originations, totaling $2,035,000 in origination value.
Applicant Income
Glendale Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
Glendale Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 5 originations. The next most common DTI ratio? 20-30%, with 4 originations.
Ethnicity Mix
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 | 22 | $9,630,000 | $437,727 |