Northeastern Opearating Engineers Fcu Mortgage Rates, Fees & Info

Whitestone, NY

LEI: 254900CLULPZ13KI0S29

Tax ID: 23-7422687

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Northeastern Opearating Engineers Fcu is a smaller credit union specializing in Home Purchase loans. Northeastern Opearating Engineers Fcu has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, and Poughkeepsie among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Northeastern Opearating Engineers Fcu has an above average approval rate when compared to the average across all lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    22

    Origination Dollar Volume (All Markets)

    $10,000,000

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 19 $8,235,000 $433,421 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,260,000 $630,000 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
    Northeastern Opearating Engineers Fcu's top markets include New York, Miami, and Poughkeepsie among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 22 $10,000,000 $454,545 $0 0.00%

    For 2023, Northeastern Opearating Engineers Fcu's most frequently originated type of loan was Conventional, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 21 $9,575,000 $455,952 $0 0.00%
    Cash Out Refi 1 $425,000 $425,000 $0 0.00%

    For 2023, Northeastern Opearating Engineers Fcu's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 22 $10,000,000 $454,545 $0 0.00%

    For 2023, Northeastern Opearating Engineers Fcu's most frequently cited loan duration was Other, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 9 $4,395,000 $488,333 $0 0.00%
    $200k-400k 6 $1,790,000 $298,333 $0 0.00%
    $600k-1MM 5 $3,435,000 $687,000 $0 0.00%
    $100k-200k 2 $380,000 $190,000 $0 0.00%

    2023 saw Northeastern Opearating Engineers Fcu place emphasis on $400k-600k loans with 9 originations, totaling $4,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 14 $6,410,000 $457,857 $0 0.00%
    $250k+ 3 $1,925,000 $641,667 $0 0.00%
    $100k-150k 2 $680,000 $340,000 $0 0.00%
    $50k-75k 2 $510,000 $255,000 $0 0.00%
    $75k-100k 1 $475,000 $475,000 $0 0.00%

    Northeastern Opearating Engineers Fcu lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $250k+, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 22 $10,000,000 $454,545 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Northeastern Opearating Engineers 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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 22 $10,000,000 $454,545

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    22 $10,000,000 $454,545