Glendale Area Schools Credit Union Mortgage Rates, Fees & Info
GLENDALE, CALEI: 549300YU5FXUC05UXI34
Tax ID: 95-1652351
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Mortgage Data
Review & Overview
Glendale Area Schools Credit Union is a smaller credit union specializing in Home Improvement loans. Glendale Area Schools Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Bakersfield, and San Diego among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Glendale Area Schools Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 0.97% | 4/14/24 |
| 30 Year Conventional Refi | 1.48% | 4/14/24 |
| 30 Year Cash-out Refi | 3.80% | 4/14/24 |
| 15 Year Conventional Refi | 5.79% | 4/14/24 |
| 15 Year Cash-out Refi | 5.79% | 4/14/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Glendale Area Schools Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
19Origination Dollar Volume (All Markets)
$2,555,000Top 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) | 17 | $2,155,000 | $126,765 | $1,490 | 8.05% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,542 | 8.38% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,569 | 7.75% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 19 | $2,555,000 | $134,474 | $1,497 | 8.05% |
For 2023, Glendale Area Schools Credit Union's most frequently originated type of loan was Conventional, with 19 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 18 | $2,350,000 | $130,556 | $1,581 | 8.11% |
| Cash Out Refi | 1 | $205,000 | $205,000 | $0 | 7.00% |
For 2023, Glendale Area Schools Credit Union's most frequently cited loan purpose was Home Improvement, with 18 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 18 | $2,350,000 | $130,556 | $1,581 | 8.11% |
| 20 Year | 1 | $205,000 | $205,000 | $0 | 7.00% |
For 2023, Glendale Area Schools Credit Union's most frequently cited loan duration was 15 Year, with 18 originations. The 2nd most popular length was 20 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 14 | $1,820,000 | $130,000 |
| $<1k | 4 | $630,000 | $157,500 |
Glendale Area Schools Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 14 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 11 | $1,525,000 | $138,636 |
| 7-8% | 7 | $825,000 | $117,857 |
| 6-7% | 1 | $205,000 | $205,000 |
During 2023, Glendale Area Schools Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 11 originations.
Loan Sizing
2023 saw Glendale Area Schools Credit Union place emphasis on $100k-200k loans with 9 originations, totaling $1,005,000 in origination value.
Applicant Income
Glendale Area Schools Credit Union lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $75k-100k, with 3 originations.
Applicant Debt to Income Ratio
Glendale Area Schools Credit Union lent most frequently to those with DTI ratios of 50-60%, with 4 originations. The next most common DTI ratio? 20-30%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.00%
Glendale Area Schools Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination84.21%
Glendale Area Schools Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 19 | $2,555,000 | $134,474 |