Valley 1st Community Fcu Mortgage Rates, Fees & Info

Monessen, PA

LEI: 254900C93QPBEWPGBI16

Tax ID: 25-0974254

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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

76

Origination Dollar Volume (All Markets)

$4,940,000

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
PITTSBURGH, PA (FHA|USDA|VA) 76 $4,940,000 $65,000 $0 0.00%
Valley 1st Community Fcu's top markets include and Pittsburgh among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 76 $4,940,000 $65,000 $0 0.00%

    For 2023, Valley 1st Community Fcu's most frequently originated type of loan was Conventional, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 65 $3,545,000 $54,538 $0 0.00%
    Home Purchase 11 $1,395,000 $126,818 $0 0.00%

    For 2023, Valley 1st Community Fcu's most frequently cited loan purpose was Refi, with 65 originations. The 2nd most popular reason was Home Purchase, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 76 $4,940,000 $65,000 $0 0.00%

    For 2023, Valley 1st Community Fcu's most frequently cited loan duration was Other, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $2,830,000 $44,219 $0 0.00%
    $100k-200k 8 $1,070,000 $133,750 $0 0.00%
    $200k-400k 4 $1,040,000 $260,000 $0 0.00%

    2023 saw Valley 1st Community Fcu place emphasis on $100,000 or less loans with 64 originations, totaling $2,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 21 $875,000 $41,667 $0 0.00%
    $50k-75k 19 $1,105,000 $58,158 $0 0.00%
    $100k-150k 16 $1,000,000 $62,500 $0 0.00%
    $75k-100k 12 $980,000 $81,667 $0 0.00%
    $150k-250k 8 $980,000 $122,500 $0 0.00%

    Valley 1st Community Fcu lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $50k-75k, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $4,370,000 $66,212 $0 0.00%
    Black 8 $470,000 $58,750 $0 0.00%
    Not provided 2 $100,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.68%

    Valley 1st Community Fcu has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 76 $4,940,000 $65,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    76 $4,940,000 $65,000