Mccoy Federal Credit Union Mortgage Rates, Fees & Info
Orlando, FLLEI: 2549005T4NUXGTZTUE50
Tax ID: 59-0772729
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Tampa, Lakeland, Homosassa Springs, and Deltona among others. We have data for 5 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
145Origination Dollar Volume (All Markets)
$14,205,000Top 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) | 139 | $13,535,000 | $97,374 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, 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.
Similarity Rank: 459
Similarity Rank: 570
Similarity Rank: 660
Similarity Rank: 672
Similarity Rank: 804
Similarity Rank: 845
Similarity Rank: 1040
Similarity Rank: 1122
Similarity Rank: 1176
Similarity Rank: 1364
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 145 | $14,205,000 | $97,966 | $0 | 0.00% |
For 2023, Mccoy Federal Credit Union's most frequently originated type of loan was Conventional, with 145 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 138 | $11,920,000 | $86,377 | $0 | 0.00% |
| Home Purchase | 7 | $2,285,000 | $326,429 | $0 | 0.00% |
For 2023, Mccoy Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 138 originations. The 2nd most popular reason was Home Purchase, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 145 | $14,205,000 | $97,966 | $0 | 0.00% |
For 2023, Mccoy Federal Credit Union's most frequently cited loan duration was Other, with 145 originations.
Loan Sizing
2023 saw Mccoy Federal Credit Union place emphasis on $100,000 or less loans with 94 originations, totaling $5,140,000 in origination value.
Applicant Income
Mccoy Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $75k-100k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 145 | $14,205,000 | $97,966 | $0 | 0.00% |
Mccoy Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 145 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications59.76%
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-4.14%
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 | 145 | $14,205,000 | $97,966 |