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 Cash Out Refi and Refi loans. Glendale Area Schools Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Diego, San Luis Obispo, and San Francisco among others. We have data for 4 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 0.97% | 11/17/24 |
| 30 Year Conventional Refi | 1.48% | 11/17/24 |
| 30 Year Cash-out Refi | 3.80% | 11/17/24 |
| 15 Year Conventional Refi | 5.79% | 11/17/24 |
| 15 Year Cash-out Refi | 5.79% | 11/17/24 |
| 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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Originations
55Origination Dollar Volume (All Markets)
$11,545,000Top 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) | 51 | $10,375,000 | $203,431 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $11,545,000 | $209,909 | $0 | 0.00% |
For 2020, Glendale Area Schools Credit Union's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
For 2020, Glendale Area Schools Credit Union's most frequently cited loan purpose was Cash Out Refi, with 24 originations. The 2nd most popular reason was Home Improvement, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 55 | $11,545,000 | $209,909 | $0 | 0.00% |
For 2020, Glendale Area Schools Credit Union's most frequently cited loan duration was Other, with 55 originations.
Loan Sizing
2020 saw Glendale Area Schools Credit Union place emphasis on $200k-400k loans with 21 originations, totaling $6,055,000 in origination value.
Applicant Income
Glendale Area Schools Credit Union lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $150k-250k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 55 | $11,545,000 | $209,909 | $0 | 0.00% |
Glendale Area Schools Credit Union lent most frequently to those with DTI ratios of Exempt%, with 55 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 52 | $10,820,000 | $208,077 | $0 | 0.00% |
| Asian | 2 | $700,000 | $350,000 | $0 | 0.00% |
| Black | 1 | $25,000 | $25,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.28%
Glendale Area Schools 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 origination98.18%
Glendale Area Schools Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 55 | $11,545,000 | $209,909 |