Northeastern Opearating Engineers Fcu Mortgage Rates, Fees & Info
Whitestone, NYLEI: 254900CLULPZ13KI0S29
Tax ID: 23-7422687
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Mortgage Data
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.
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Originations
22Origination Dollar Volume (All Markets)
$10,000,000Top 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 |
---|---|---|---|---|---|
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% |
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
2023 saw Northeastern Opearating Engineers Fcu place emphasis on $400k-600k loans with 9 originations, totaling $4,395,000 in origination value.
Applicant Income
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 applications100.00%
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 originationPoints and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 22 | $10,000,000 | $454,545 |