Glendale Area Schools Credit Union Mortgage Rates, Fees & Info
GLENDALE, CALEI: 549300YU5FXUC05UXI34
Tax ID: 95-1652351
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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. They have an average proportion of FHA loans. Their top markets by origination volume include: Los Angeles, Bakersfield, 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 Area Schools Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
18Origination Dollar Volume (All Markets)
$3,120,000Top Markets
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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) | 16 | $2,810,000 | $175,625 | $1,660 | 7.52% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 7.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,537 | 8.13% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 17 | $2,865,000 | $168,529 | $1,541 | 7.59% |
| FHA | 1 | $255,000 | $255,000 | $1,902 | 6.88% |
For 2024, Glendale Area Schools Credit Union's most frequently originated type of loan was Conventional, with 17 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 15 | $2,685,000 | $179,000 | $1,553 | 7.62% |
| Other | 3 | $435,000 | $145,000 | $1,601 | 7.21% |
For 2024, Glendale Area Schools Credit Union's most frequently cited loan purpose was Home Improvement, with 15 originations. The 2nd most popular reason was Other, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 17 | $2,885,000 | $169,706 | $1,653 | 7.55% |
| 20 Year | 1 | $235,000 | $235,000 | $0 | 7.50% |
For 2024, Glendale Area Schools Credit Union's most frequently cited loan duration was 15 Year, with 17 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 | 17 | $2,885,000 | $169,706 |
| $<1k | 1 | $235,000 | $235,000 |
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 17 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 8 | $1,300,000 | $162,500 |
| 6-7% | 5 | $925,000 | $185,000 |
| Over 8% | 5 | $895,000 | $179,000 |
During 2024, Glendale Area Schools Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 8 originations.
Loan Sizing
2024 saw Glendale Area Schools Credit Union place emphasis on $200k-400k loans with 8 originations, totaling $2,020,000 in origination value.
Applicant Income
Glendale Area Schools Credit Union lent most frequently to those with incomes in the $150k-250k range, with 9 originations. The second most popular income band? $250k+, with 5 originations.
Applicant Debt to Income Ratio
Glendale Area Schools Credit Union lent most frequently to those with DTI ratios of 30-36%, with 4 originations. The next most common DTI ratio? 20-30%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.91%
Glendale Area Schools Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination94.44%
Glendale Area Schools Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 18 | $3,120,000 | $173,333 |