Rails West Federal Credit Union Mortgage Rates, Fees & Info
Chubbuck, IDLEI: 2549003ODK1CMS9CMW53
Tax ID: 82-0197267
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Mortgage Data
Review & Overview
Rails West Federal Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Rails West Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Pocatello, Blackfoot, and Logan among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Rails West Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
15 Year Conventional Refi | 5.68% | 12/4/24 |
15 Year Cash-out Refi | 5.68% | 12/4/24 |
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. |
Rails West Federal 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
56Origination Dollar Volume (All Markets)
$4,960,000Top 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 |
---|---|---|---|---|---|
POCATELLO, ID (FHA|USDA|VA) | 48 | $3,970,000 | $82,708 | $1,881 | 4.13% |
Blackfoot, ID (FHA|USDA|VA) | 7 | $965,000 | $137,857 | $3,022 | 4.38% |
LOGAN, UT-ID (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,265 | 4.74% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 56 | $4,960,000 | $88,571 | $2,013 | 4.17% |
For 2022, Rails West Federal Credit Union's most frequently originated type of loan was Conventional, with 56 originations.
Loan Reason
For 2022, Rails West Federal Credit Union's most frequently cited loan purpose was Refi, with 34 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.
Loan Duration/Length
For 2022, Rails West Federal Credit Union's most frequently cited loan duration was 10 Year, with 27 originations. The 2nd most popular length was Other, with 12 originations.
Origination Fees/Closing Costs
Rails West Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 32 originations.
Interest Rates
During 2022, Rails West Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 17 originations.
Loan Sizing
2022 saw Rails West Federal Credit Union place emphasis on $100,000 or less loans with 39 originations, totaling $1,765,000 in origination value.
Applicant Income
Rails West Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 17 originations. The second most popular income band? $50k-75k, with 15 originations.
Applicant Debt to Income Ratio
Rails West Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? 30-36%, with 14 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 55 | $4,775,000 | $86,818 | $1,981 | 4.19% |
Black | 1 | $185,000 | $185,000 | $3,784 | 2.99% |
Approval Rates
Total approvals of all applications94.92%
Rails West Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 56 | $4,960,000 | $88,571 |