Glendale Area Schools Credit Union Mortgage Rates, Fees & Info

GLENDALE, CA

LEI: 549300YU5FXUC05UXI34

Tax ID: 95-1652351

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Glendale Area Schools Credit Union is a smaller credit union specializing in Cash Out Refi loans. Glendale Area Schools Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Bakersfield, Phoenix, and Fresno among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Glendale Area Schools Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Glendale Area Schools Credit Union is typically a low 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.

    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% 11/22/24
    30 Year Conventional Refi 1.48% 11/22/24
    30 Year Cash-out Refi 3.80% 11/22/24
    15 Year Conventional Refi 5.79% 11/22/24
    15 Year Cash-out Refi 5.79% 11/22/24
    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






    Your Estimates

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    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    45

    Origination Dollar Volume (All Markets)

    $10,645,000

    Awards

    GLENDALE AREA SCHOOLS CREDIT UNION 30 Year Conventional Loans silver
    Show all (1) awards

    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) 39 $9,575,000 $245,513 $1,849 4.18%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $425,000 $425,000 $1,858 3.50%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $400,000 $200,000 $2,520 5.19%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $795 1.99%
    FRESNO, CA (FHA|USDA|VA) 1 $55,000 $55,000 $1,045 3.50%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $55,000 $55,000 $1,045 6.00%
    Glendale Area Schools Credit Union's top markets include Los Angeles, Riverside, Bakersfield, Phoenix, and Fresno among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 45 $10,645,000 $236,556 $1,816 4.18%

    For 2022, Glendale Area Schools Credit Union's most frequently originated type of loan was Conventional, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 33 $7,905,000 $239,545 $1,853 3.99%
    Home Improvement 5 $515,000 $103,000 $1,332 5.68%
    Home Purchase 3 $1,675,000 $558,333 $2,979 4.63%
    Refi 3 $515,000 $171,667 $1,200 3.63%
    Other 1 $35,000 $35,000 $1,045 3.50%

    For 2022, Glendale Area Schools Credit Union's most frequently cited loan purpose was Cash Out Refi, with 33 originations. The 2nd most popular reason was Home Improvement, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 30 $3,790,000 $126,333 $1,112 4.49%
    30 Year 15 $6,855,000 $457,000 $3,126 3.57%

    For 2022, Glendale Area Schools Credit Union's most frequently cited loan duration was 15 Year, with 30 originations. The 2nd most popular length was 30 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 28 $4,250,000 $151,786
    $1k-2k 11 $3,895,000 $354,091
    $3k-4k 2 $1,260,000 $630,000
    $5k+ 1 $1,055,000 $1,055,000

    Glendale Area Schools Credit Union's average total fees were $3,126, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 28 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 19 $5,045,000 $265,526
    4-5% 11 $2,105,000 $191,364
    5-6% 7 $2,125,000 $303,571
    <2.5% 5 $1,085,000 $217,000
    7-8% 3 $285,000 $95,000

    During 2022, Glendale Area Schools Credit Union's average interest rate for loans was 3.57%, while their most frequently originated rate bucket for loans was 3-4%, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 14 $840,000 $60,000 $981 4.34%
    $100k-200k 13 $1,775,000 $136,538 $1,133 4.37%
    $200k-400k 10 $2,620,000 $262,000 $1,502 4.07%
    $600k-1MM 5 $3,525,000 $705,000 $4,051 3.85%
    $400k-600k 2 $830,000 $415,000 $1,858 2.75%
    $1MM+ 1 $1,055,000 $1,055,000 $11,295 5.13%

    2022 saw Glendale Area Schools Credit Union place emphasis on $100,000 or less loans with 14 originations, totaling $840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 13 $2,765,000 $212,692 $1,497 4.34%
    $75k-100k 13 $2,415,000 $185,769 $1,277 4.16%
    $100k-150k 8 $1,320,000 $165,000 $1,070 4.37%
    $250k+ 6 $3,090,000 $515,000 $5,304 4.02%
    $50k or less 3 $295,000 $98,333 $979 4.46%
    $50k-75k 2 $760,000 $380,000 $1,743 2.62%

    Glendale Area Schools Credit Union lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $75k-100k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 11 $2,475,000 $225,000 $1,446 3.71%
    50-60% 8 $2,250,000 $281,250 $3,212 5.47%
    30-36% 8 $2,090,000 $261,250 $2,394 3.92%
    49% 2 $660,000 $330,000 $1,868 3.38%
    41% 2 $740,000 $370,000 $1,689 4.06%
    46% 2 $210,000 $105,000 $1,016 4.63%
    38% 2 $480,000 $240,000 $1,277 3.69%
    48% 1 $255,000 $255,000 $1,045 5.13%
    <20% 1 $55,000 $55,000 $931 4.63%
    >60% 1 $225,000 $225,000 $1,045 4.63%
    36% 1 $105,000 $105,000 $1,045 4.63%
    37% 1 $115,000 $115,000 $0 3.50%
    39% 1 $255,000 $255,000 $875 2.13%
    42% 1 $55,000 $55,000 $1,045 6.00%
    43% 1 $85,000 $85,000 $1,045 3.50%
    44% 1 $185,000 $185,000 $1,045 4.63%

    Glendale Area Schools Credit Union lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 50-60%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $9,930,000 $275,833 $2,009 4.12%
    Not provided 5 $365,000 $73,000 $1,017 4.18%
    Filipino 2 $160,000 $80,000 $1,045 6.56%
    Black 1 $135,000 $135,000 $1,138 3.88%
    American Indian 1 $55,000 $55,000 $125 1.99%

    Approval Rates

    Total approvals of all applications
    86.21%

    Glendale Area Schools Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.11%

    Glendale Area Schools Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 45 $10,645,000 $236,556

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    45 $10,645,000 $236,556

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $2,015,000 $287,857 $1,255 3.62%
    40-60% 1 $745,000 $745,000 $2,645 4.75%
    60-80% 5 $3,555,000 $711,000 $6,121 4.20%
    80-100% 1 $605,000 $605,000 $2,297 3.88%
    Under 20% 31 $3,725,000 $120,161 $1,096 4.30%