Park City Credit Union Mortgage Rates, Fees & Info
,LEI: 25490083W7Y4A2H1H078
Tax ID: 39-0905063
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Mortgage Data
Review & Overview
Park City Credit Union is a smaller credit union specializing in Cash Out Refi loans. Park City Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Sheboygan, Shawano, and Eau Claire among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Park City Credit Union 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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Originations
261Origination Dollar Volume (All Markets)
$30,525,000Top 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 |
|---|---|---|---|---|---|
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 151 | $16,715,000 | $110,695 | $0 | 0.00% |
| Outside of Metro Areas | 106 | $13,200,000 | $124,528 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Shawano, WI (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 261 | $30,525,000 | $116,954 | $0 | 0.00% |
For 2020, Park City Credit Union's most frequently originated type of loan was Conventional, with 261 originations.
Loan Reason
For 2020, Park City Credit Union's most frequently cited loan purpose was Cash Out Refi, with 197 originations. The 2nd most popular reason was Home Purchase, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 261 | $30,525,000 | $116,954 | $0 | 0.00% |
For 2020, Park City Credit Union's most frequently cited loan duration was Other, with 261 originations.
Loan Sizing
2020 saw Park City Credit Union place emphasis on $100,000 or less loans with 139 originations, totaling $8,365,000 in origination value.
Applicant Income
Park City Credit Union lent most frequently to those with incomes in the $50k or less range, with 67 originations. The second most popular income band? $50k-75k, with 56 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 261 | $30,525,000 | $116,954 | $0 | 0.00% |
Park City Credit Union lent most frequently to those with DTI ratios of Exempt%, with 261 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.22%
Park City Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination96.93%
Park City Credit Union 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 |
|---|---|---|---|
| Exempt | 261 | $30,525,000 | $116,954 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 12 | $1,050,000 | $87,500 |
| Single Family (1-4 Units):Site-Built | 249 | $29,475,000 | $118,373 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Park Company Realtors | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |