Century Heritage Fcu Mortgage Rates, Fees & Info
Pittsburgh, PALEI: 2549006MS554K1PP0026
Tax ID: 25-0979329
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Mortgage Data
Review & Overview
Century Heritage Fcu is a smaller credit union specializing in Home Improvement, Refi, and Cash Out Refi loans. Century Heritage Fcu has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.Century Heritage Fcu has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Refi | 5.68% | 12/30/24 |
| 15 Year Cash-out Refi | 5.68% | 12/30/24 |
| 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. | ||
Century Heritage Fcu Mortgage Calculator
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Originations
50Origination Dollar Volume (All Markets)
$3,180,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 50 | $3,180,000 | $63,600 | $0 | 4.50% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 50 | $3,180,000 | $63,600 | $0 | 4.50% |
For 2019, Century Heritage Fcu's most frequently originated type of loan was Conventional, with 50 originations.
Loan Reason
For 2019, Century Heritage Fcu's most frequently cited loan purpose was Home Improvement, with 26 originations. The 2nd most popular reason was Refi, with 19 originations.
Loan Duration/Length
For 2019, Century Heritage Fcu's most frequently cited loan duration was Other, with 15 originations. The 2nd most popular length was 5 Year, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 46 | $2,270,000 | $49,348 |
Century Heritage Fcu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 46 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 26 | $2,060,000 | $79,231 |
| 3-4% | 12 | $580,000 | $48,333 |
| 5-6% | 11 | $485,000 | $44,091 |
| 6-7% | 1 | $55,000 | $55,000 |
During 2019, Century Heritage Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 26 originations.
Loan Sizing
2019 saw Century Heritage Fcu place emphasis on $100,000 or less loans with 40 originations, totaling $1,360,000 in origination value.
Applicant Income
Century Heritage Fcu lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $75k-100k, with 11 originations.
Applicant Debt to Income Ratio
Century Heritage Fcu lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? <20%, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 47 | $2,725,000 | $57,979 | $0 | 4.43% |
| Not applicable | 3 | $455,000 | $151,667 | $0 | 5.58% |
Approval Rates
Total approvals of all applications96.23%
Century Heritage Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.00%
Century Heritage Fcu has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 50 | $3,180,000 | $63,600 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $455,000 | $455,000 |
| Single Family (1-4 Units):Site-Built | 49 | $2,725,000 | $55,612 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTERSTATE BANK CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| CENTERSTATE BANK CORPORATION | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |