Jefferson Parish Employees Fcu Mortgage Rates, Fees & Info
Harahan, LALEI: 25490095CTOC97LRQD90
Tax ID: 72-0541298
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Mortgage Data
Review & Overview
Jefferson Parish Employees Fcu is a smaller credit union specializing in Refi loans. Jefferson Parish Employees Fcu has a high proportion of conventional loans. Their top two markets are New Orleans and Hammond .Jefferson Parish Employees Fcu has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.44% | 11/21/24 |
| 30 Year Conventional Refi | 6.23% | 11/21/24 |
| 30 Year Cash-out Refi | 6.81% | 11/21/24 |
| 15 Year Conventional Purchase | 5.86% | 11/21/24 |
| 15 Year Conventional Refi | 6.42% | 11/21/24 |
| 15 Year Cash-out Refi | 6.42% | 11/21/24 |
| 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. | ||
Jefferson Parish Employees Fcu Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
25Origination Dollar Volume (All Markets)
$3,755,000Top 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 |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 24 | $3,650,000 | $152,083 | $3,466 | 3.73% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,125 | 4.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Jefferson Parish Employees FCU 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 | 25 | $3,755,000 | $150,200 | $3,452 | 3.75% |
For 2019, Jefferson Parish Employees Fcu's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
For 2019, Jefferson Parish Employees Fcu's most frequently cited loan purpose was Refi, with 22 originations. The 2nd most popular reason was Home Purchase, with 1 originations.
Loan Duration/Length
For 2019, Jefferson Parish Employees Fcu's most frequently cited loan duration was 20 Year, with 15 originations. The 2nd most popular length was 15 Year, with 9 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 13 | $1,645,000 | $126,538 |
| $<1k | 6 | $560,000 | $93,333 |
| $2k-3k | 5 | $1,245,000 | $249,000 |
| $3k-4k | 1 | $305,000 | $305,000 |
Jefferson Parish Employees Fcu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 19 | $2,995,000 | $157,632 |
| 4-5% | 5 | $575,000 | $115,000 |
| 6-7% | 1 | $185,000 | $185,000 |
During 2019, Jefferson Parish Employees Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 19 originations.
Loan Sizing
2019 saw Jefferson Parish Employees Fcu place emphasis on $100k-200k loans with 14 originations, totaling $1,830,000 in origination value.
Applicant Income
Jefferson Parish Employees Fcu lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
Jefferson Parish Employees Fcu lent most frequently to those with DTI ratios of <20%, with 6 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.50%
Jefferson Parish Employees Fcu has an average approval rate.
Pick Rate
Approvals leading to origination92.00%
Jefferson Parish Employees Fcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 25 | $3,755,000 | $150,200 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $105,000 | $105,000 |
| Single Family (1-4 Units):Site-Built | 24 | $3,650,000 | $152,083 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Jefferson Title Corporation | Reverse mortgage | Trouble during payment process | 1 | 100.0% |