Ussco Federal Credit Union Mortgage Rates, Fees & Info
Johnstown, PALEI: 254900BAP0HWWYV3VU73
Tax ID: 25-1091931
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Mortgage Data
Review & Overview
Ussco Federal Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. Ussco Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Somerset, Johnstown, and Indiana 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 an average pick rate when compared to similar lenders.
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Originations
49Origination Dollar Volume (All Markets)
$2,035,000Top 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 |
|---|---|---|---|---|---|
| Somerset, PA (FHA|USDA|VA) | 23 | $1,075,000 | $46,739 | $0 | 0.00% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 23 | $785,000 | $34,130 | $0 | 0.00% |
| Indiana, PA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $2,035,000 | $41,531 | $0 | 0.00% |
For 2019, Ussco Federal Credit Union's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2019, Ussco Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 22 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $2,035,000 | $41,531 | $0 | 0.00% |
For 2019, Ussco Federal Credit Union's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 47 | $1,785,000 | $37,979 | $0 | 0.00% |
| $100k-200k | 2 | $250,000 | $125,000 | $0 | 0.00% |
2019 saw Ussco Federal Credit Union place emphasis on $100,000 or less loans with 47 originations, totaling $1,785,000 in origination value.
Applicant Income
Ussco Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $50k or less, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $2,035,000 | $41,531 | $0 | 0.00% |
Ussco Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 48 | $2,010,000 | $41,875 | $0 | 0.00% |
| Black | 1 | $25,000 | $25,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications88.14%
Ussco Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.88%
Ussco Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $2,035,000 | $41,531 |