Ussco Federal Credit Union Mortgage Rates, Fees & Info

Johnstown, PA

LEI: 254900BAP0HWWYV3VU73

Tax ID: 25-1091931

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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

55

Origination Dollar Volume (All Markets)

$2,315,000

Top 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%
Ussco Federal Credit Union's top markets include Johnstown, Somerset, and Pittsburgh among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • 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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 17 $565,000 $33,235 $0 0.00%
    $50k or less 12 $360,000 $30,000 $0 0.00%
    $100k-150k 10 $420,000 $42,000 $0 0.00%
    $75k-100k 7 $345,000 $49,286 $0 0.00%
    $150k-250k 4 $230,000 $57,500 $0 0.00%
    $250k+ 1 $155,000 $155,000 $0 0.00%

    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 applications
    82.14%

    Ussco Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.36%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    55 $2,315,000 $42,091