Glendale Area Schools Credit Union Mortgage Rates, Fees & Info

GLENDALE, CA

LEI: 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

  • 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 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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    Originations

    19

    Origination Dollar Volume (All Markets)

    $2,555,000

    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) 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%
    Glendale Area Schools Credit Union's top markets include Los Angeles, Bakersfield, and San Diego among others.

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

    • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 9 $1,005,000 $111,667 $1,376 8.14%
    $100,000 or less 5 $335,000 $67,000 $1,944 7.96%
    $200k-400k 5 $1,215,000 $243,000 $1,270 7.98%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 10 $1,240,000 $124,000 $1,509 8.03%
    $75k-100k 3 $385,000 $128,333 $1,368 7.67%
    $250k+ 2 $410,000 $205,000 $1,699 8.06%
    $50k-75k 2 $170,000 $85,000 $1,428 8.44%
    $100k-150k 1 $245,000 $245,000 $1,542 8.38%
    $50k or less 1 $105,000 $105,000 $1,466 8.25%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 4 $710,000 $177,500 $1,516 8.41%
    20-30% 3 $435,000 $145,000 $1,494 7.88%
    <20% 2 $210,000 $105,000 $1,757 7.70%
    30-36% 2 $310,000 $155,000 $836 7.75%
    >60% 2 $220,000 $110,000 $1,324 8.38%
    41% 1 $105,000 $105,000 $1,964 7.63%
    46% 1 $75,000 $75,000 $1,639 8.38%
    48% 1 $55,000 $55,000 $1,655 8.50%
    49% 1 $105,000 $105,000 $1,466 8.25%
    36% 1 $75,000 $75,000 $1,824 7.63%
    37% 1 $255,000 $255,000 $1,519 7.63%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 13 $1,835,000 $141,154 $1,471 7.94%
    Asian 1 $245,000 $245,000 $1,542 8.38%
    Black 2 $190,000 $95,000 $1,512 8.00%
    Other Asian 1 $105,000 $105,000 $1,448 8.38%
    Native Hawaiian or Islander 1 $105,000 $105,000 $1,672 8.50%
    Other Pacific Islander 1 $75,000 $75,000 $1,639 8.38%

    Approval Rates

    Total approvals of all applications
    92.00%

    Glendale Area Schools Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.21%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    19 $2,555,000 $134,474

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $970,000 $242,500 $1,202 7.88%
    40-60% 1 $245,000 $245,000 $1,542 8.38%
    Under 20% 14 $1,340,000 $95,714 $1,579 8.07%