Valley 1st Community Fcu Mortgage Rates, Fees & Info
Monessen, PALEI: 254900C93QPBEWPGBI16
Tax ID: 25-0974254
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Valley 1st Community Fcu is a smaller credit union specializing in Refi and Home Purchase loans. Valley 1st Community Fcu has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.Valley 1st Community Fcu has an above average approval rate when compared to the average across all lenders.
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Originations
121Origination Dollar Volume (All Markets)
$8,105,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 121 | $8,105,000 | $66,983 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 121 | $8,105,000 | $66,983 | $0 | 0.00% |
For 2024, Valley 1st Community Fcu's most frequently originated type of loan was Conventional, with 121 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 107 | $6,375,000 | $59,579 | $0 | 0.00% |
| Home Purchase | 14 | $1,730,000 | $123,571 | $0 | 0.00% |
For 2024, Valley 1st Community Fcu's most frequently cited loan purpose was Refi, with 107 originations. The 2nd most popular reason was Home Purchase, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 121 | $8,105,000 | $66,983 | $0 | 0.00% |
For 2024, Valley 1st Community Fcu's most frequently cited loan duration was Other, with 121 originations.
Loan Sizing
2024 saw Valley 1st Community Fcu place emphasis on $100,000 or less loans with 96 originations, totaling $4,280,000 in origination value.
Applicant Income
Valley 1st Community Fcu lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 32 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 109 | $7,725,000 | $70,872 | $0 | 0.00% |
| Black | 12 | $380,000 | $31,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications99.18%
Valley 1st Community Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 121 | $8,105,000 | $66,983 |