Mccoy Federal Credit Union Mortgage Rates, Fees & Info
Orlando, FLLEI: 2549005T4NUXGTZTUE50
Tax ID: 59-0772729
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Mccoy Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Mccoy Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Lakeland, Deltona, and Tampa among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Mccoy Federal Credit Union has a below 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
139Origination Dollar Volume (All Markets)
$13,765,000Top 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 |
|---|---|---|---|---|---|
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 130 | $13,100,000 | $100,769 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against McCoy Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 139 | $13,765,000 | $99,029 | $0 | 0.00% |
For 2024, Mccoy Federal Credit Union's most frequently originated type of loan was Conventional, with 139 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 128 | $11,120,000 | $86,875 | $0 | 0.00% |
| Home Purchase | 6 | $1,800,000 | $300,000 | $0 | 0.00% |
| Refi | 5 | $845,000 | $169,000 | $0 | 0.00% |
For 2024, Mccoy Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 128 originations. The 2nd most popular reason was Home Purchase, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 139 | $13,765,000 | $99,029 | $0 | 0.00% |
For 2024, Mccoy Federal Credit Union's most frequently cited loan duration was Other, with 139 originations.
Loan Sizing
2024 saw Mccoy Federal Credit Union place emphasis on $100,000 or less loans with 88 originations, totaling $5,000,000 in origination value.
Applicant Income
Mccoy Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $150k-250k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 139 | $13,765,000 | $99,029 | $0 | 0.00% |
Mccoy Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 139 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.35%
Mccoy Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-58.99%
Mccoy Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 139 | $13,765,000 | $99,029 |