Ussco Federal Credit Union Mortgage Rates, Fees & Info
Johnstown, PALEI: 254900BAP0HWWYV3VU73
Tax ID: 25-1091931
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Ussco Federal Credit Union is a smaller credit union specializing in Refi and Home Improvement loans. Ussco Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Johnstown, Somerset, and Pittsburgh among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Ussco Federal Credit Union has an 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
55Origination Dollar Volume (All Markets)
$2,315,000Top 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 |
|---|---|---|---|---|---|
| JOHNSTOWN, PA (FHA|USDA|VA) | 29 | $1,155,000 | $39,828 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 23 | $1,065,000 | $46,304 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $60,000 | $30,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $2,315,000 | $42,091 | $0 | 0.00% |
For 2023, Ussco Federal Credit Union's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 31 | $1,295,000 | $41,774 | $0 | 0.00% |
| Home Improvement | 21 | $895,000 | $42,619 | $0 | 0.00% |
| Cash Out Refi | 3 | $125,000 | $41,667 | $0 | 0.00% |
For 2023, Ussco Federal Credit Union's most frequently cited loan purpose was Refi, with 31 originations. The 2nd most popular reason was Home Improvement, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 55 | $2,315,000 | $42,091 | $0 | 0.00% |
For 2023, Ussco Federal Credit Union's most frequently cited loan duration was Other, with 55 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 52 | $1,950,000 | $37,500 | $0 | 0.00% |
| $100k-200k | 3 | $365,000 | $121,667 | $0 | 0.00% |
2023 saw Ussco Federal Credit Union place emphasis on $100,000 or less loans with 52 originations, totaling $1,950,000 in origination value.
Applicant Income
Ussco Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 55 | $2,315,000 | $42,091 | $0 | 0.00% |
Ussco Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 55 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 52 | $2,160,000 | $41,538 | $0 | 0.00% |
| Not provided | 2 | $120,000 | $60,000 | $0 | 0.00% |
| Black | 1 | $35,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications82.14%
Ussco Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination76.36%
Ussco Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 55 | $2,315,000 | $42,091 |