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 Refi and Home Purchase loans. Moog Employees Federal Credit Union has a high proportion of conventional loans. Their top two markets are Buffalo and Olean .

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 11.01% 12/16/24
    30 Year Conventional Refi 10.54% 12/16/24
    15 Year Conventional Purchase 10.37% 12/16/24
    15 Year Conventional Refi 8.20% 12/16/24
    15 Year Cash-out Refi 8.20% 12/16/24
    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

    95

    Origination Dollar Volume (All Markets)

    $17,465,000

    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) 87 $16,465,000 $189,253 $2,954 3.43%
    Outside of Metro Areas 6 $770,000 $128,333 $2,334 3.28%
    Olean, NY (FHA|USDA|VA) 2 $230,000 $115,000 $2,727 3.51%
    Moog Employees Federal Credit Union's top markets include Buffalo and Olean 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.

    ONTARIO SHORES
    Similarity Rank: 111
    Bank of Akron
    Similarity Rank: 114
    RIVERSIDE
    Similarity Rank: 128
    Moog Employees Federal Credit Union
    Similarity Rank: 192
    THE SUMMIT Federal Credit Union
    Similarity Rank: 224
    GREATER WOODLAWN FEDERAL CREDIT UNION
    Similarity Rank: 228
    Fairport Savings Bank
    Similarity Rank: 448
    SEFCU SERVICES, LLC
    Similarity Rank: 540
    Genesee Regional Bank
    Similarity Rank: 957
    Five Star Bank
    Similarity Rank: 1026

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 95 $17,465,000 $183,842 $2,910 3.42%

    For 2020, Moog Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 95 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 60 $10,990,000 $183,167 $2,652 3.18%
    Home Purchase 24 $6,100,000 $254,167 $4,592 3.55%
    Home Improvement 11 $375,000 $34,091 $649 4.47%

    For 2020, Moog Employees Federal Credit Union's most frequently cited loan purpose was Refi, with 60 originations. The 2nd most popular reason was Home Purchase, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 37 $8,285,000 $223,919 $3,675 3.54%
    15 Year 36 $5,930,000 $164,722 $2,585 3.20%
    20 Year 10 $1,840,000 $184,000 $2,829 3.17%
    5 Year 5 $95,000 $19,000 $480 4.17%
    Other 5 $1,135,000 $227,000 $2,811 3.78%
    10 Year 2 $180,000 $90,000 $1,342 3.88%

    For 2020, Moog Employees Federal Credit Union's most frequently cited loan duration was 30 Year, with 37 originations. The 2nd most popular length was 15 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 84 $17,090,000 $203,452

    Moog Employees Federal Credit Union's average total fees were $3,675, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 84 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 56 $11,390,000 $203,393
    2.5-3% 29 $5,445,000 $187,759
    4-5% 10 $630,000 $63,000

    During 2020, Moog Employees Federal Credit Union's average interest rate for loans was 3.54%, while their most frequently originated rate bucket for loans was 3-4%, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 42 $6,230,000 $148,333 $2,643 3.29%
    $200k-400k 25 $6,585,000 $263,400 $3,690 3.24%
    $100,000 or less 23 $1,255,000 $54,565 $1,360 3.86%
    $600k-1MM 3 $2,395,000 $798,333 $10,257 3.61%
    $400k-600k 2 $1,000,000 $500,000 $5,579 3.15%

    2020 saw Moog Employees Federal Credit Union place emphasis on $100k-200k loans with 42 originations, totaling $6,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $4,810,000 $171,786 $2,707 3.46%
    $50k-75k 24 $3,520,000 $146,667 $2,644 3.45%
    $150k-250k 17 $4,225,000 $248,529 $3,431 3.49%
    $75k-100k 14 $1,930,000 $137,857 $2,483 3.34%
    $250k+ 6 $2,420,000 $403,333 $5,420 3.05%
    $50k or less 6 $560,000 $93,333 $1,933 3.53%

    Moog Employees Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 35 $7,115,000 $203,286 $3,056 3.24%
    <20% 21 $2,355,000 $112,143 $2,291 3.47%
    30-36% 16 $3,070,000 $191,875 $2,972 3.38%
    38% 6 $1,600,000 $266,667 $4,020 3.53%
    41% 3 $385,000 $128,333 $2,625 3.68%
    43% 3 $735,000 $245,000 $2,915 4.44%
    37% 3 $935,000 $311,667 $4,514 3.76%
    39% 2 $320,000 $160,000 $2,262 3.80%
    36% 2 $310,000 $155,000 $2,304 3.13%
    42% 1 $255,000 $255,000 $3,303 3.38%
    40% 1 $25,000 $25,000 $340 4.50%
    49% 1 $135,000 $135,000 $2,402 3.23%
    >60% 1 $225,000 $225,000 $4,375 2.88%

    Moog Employees Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 35 originations. The next most common DTI ratio? <20%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $17,300,000 $184,043 $2,900 3.42%
    Asian 1 $165,000 $165,000 $3,812 3.33%

    Approval Rates

    Total approvals of all applications
    95.96%

    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 95 $17,465,000 $183,842

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 95 $17,465,000 $183,842

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $490,000 $61,250 $1,553 3.57%
    40-60% 17 $2,725,000 $160,294 $2,462 3.13%
    60-80% 28 $5,920,000 $211,429 $3,310 3.18%
    80-100% 34 $8,170,000 $240,294 $3,699 3.53%
    Under 20% 8 $160,000 $20,000 $468 4.29%