Moog Employees Federal Credit Union Mortgage Rates, Fees & Info

East Aurora, NY

LEI: 254900DS8F7DYEEO5B60

Tax ID: 16-0870660

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Moog Employees Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Moog Employees Federal Credit Union has a high proportion of conventional loans. Their top two markets are Buffalo and Batavia .

    Moog Employees Federal Credit Union has an above average approval rate when compared to the average across all lenders. Moog Employees Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 11.01% 5/4/24
    30 Year Conventional Refi 10.54% 5/4/24
    15 Year Conventional Purchase 10.37% 5/4/24
    15 Year Conventional Refi 8.20% 5/4/24
    15 Year Cash-out Refi 8.20% 5/4/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Moog Employees Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Moog Employees Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    69

    Origination Dollar Volume (All Markets)

    $10,315,000

    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
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 64 $9,640,000 $150,625 $2,611 4.21%
    Outside of Metro Areas 4 $570,000 $142,500 $2,974 3.94%
    Batavia, NY (FHA|USDA|VA) 1 $105,000 $105,000 $3,056 4.05%
    Moog Employees Federal Credit Union's top markets include Buffalo and Batavia among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Moog Employees Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NIAGARA'S CHOICE
    Similarity Rank: 12
    BUFFALO METROPOLITAN FEDERAL CREDIT UNION
    Similarity Rank: 50
    ONTARIO SHORES
    Similarity Rank: 90
    GREATER WOODLAWN FEDERAL CREDIT UNION
    Similarity Rank: 102
    Bank of Akron
    Similarity Rank: 144
    Moog Employees Federal Credit Union
    Similarity Rank: 153
    THE SUMMIT Federal Credit Union
    Similarity Rank: 364
    Five Star Bank
    Similarity Rank: 390
    SEFCU SERVICES, LLC
    Similarity Rank: 546
    Fairport Savings Bank
    Similarity Rank: 576

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 69 $10,315,000 $149,493 $2,639 4.19%

    For 2019, Moog Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $5,505,000 $189,828 $3,866 4.17%
    Refi 20 $3,860,000 $193,000 $2,654 3.98%
    Home Improvement 18 $580,000 $32,222 $607 4.49%
    Cash Out Refi 2 $370,000 $185,000 $2,985 4.03%

    For 2019, Moog Employees Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 29 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
    30 Year 30 $5,950,000 $198,333 $3,618 4.27%
    15 Year 22 $3,350,000 $152,273 $2,506 3.97%
    5 Year 6 $150,000 $25,000 $514 4.39%
    20 Year 4 $690,000 $172,500 $2,972 4.04%
    Other 4 $120,000 $30,000 $626 4.50%
    10 Year 3 $55,000 $18,333 $317 4.50%

    For 2019, Moog Employees Federal Credit Union's most frequently cited loan duration was 30 Year, with 30 originations. The 2nd most popular length was 15 Year, with 22 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 49 $9,655,000 $197,041

    Moog Employees Federal Credit Union's average total fees were $3,618, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 49 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 40 $5,260,000 $131,500
    3-4% 26 $4,660,000 $179,231
    5-6% 3 $395,000 $131,667

    During 2019, Moog Employees Federal Credit Union's average interest rate for loans was 4.27%, while their most frequently originated rate bucket for loans was 4-5%, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 27 $4,315,000 $159,815 $3,064 4.09%
    $100,000 or less 23 $935,000 $40,652 $790 4.45%
    $200k-400k 17 $4,085,000 $240,294 $4,113 4.03%
    $400k-600k 2 $980,000 $490,000 $5,632 3.98%

    2019 saw Moog Employees Federal Credit Union place emphasis on $100k-200k loans with 27 originations, totaling $4,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 20 $2,650,000 $132,500 $2,469 4.25%
    $100k-150k 17 $2,045,000 $120,294 $2,237 4.27%
    $75k-100k 13 $1,735,000 $133,462 $2,255 4.11%
    $150k-250k 12 $2,390,000 $199,167 $3,473 4.13%
    $50k or less 4 $490,000 $122,500 $2,527 4.18%
    $250k+ 3 $1,005,000 $335,000 $4,527 4.05%

    Moog Employees Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 26 $4,040,000 $155,385 $2,714 4.27%
    30-36% 9 $1,105,000 $122,778 $1,911 4.41%
    <20% 9 $1,225,000 $136,111 $2,586 4.13%
    42% 7 $955,000 $136,429 $2,350 4.11%
    40% 4 $830,000 $207,500 $3,658 3.61%
    43% 3 $275,000 $91,667 $1,458 4.33%
    38% 3 $525,000 $175,000 $3,625 3.83%
    39% 2 $410,000 $205,000 $4,368 4.15%
    36% 2 $180,000 $90,000 $1,500 4.65%
    41% 2 $380,000 $190,000 $3,185 3.96%
    37% 1 $175,000 $175,000 $3,661 5.15%
    44% 1 $215,000 $215,000 $2,945 3.25%

    Moog Employees Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $10,315,000 $149,493 $2,639 4.19%

    Approval Rates

    Total approvals of all applications
    95.83%

    Moog Employees Federal Credit Union 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 69 $10,315,000 $149,493

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 69 $10,315,000 $149,493

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $410,000 $68,333 $1,184 4.53%
    40-60% 5 $905,000 $181,000 $3,101 3.84%
    60-80% 17 $3,355,000 $197,353 $3,405 3.79%
    80-100% 26 $5,240,000 $201,538 $3,586 4.30%
    Under 20% 15 $405,000 $27,000 $556 4.46%