Western Division Fcu Mortgage Rates, Fees & Info
Williamsville, NYLEI: 254900FDN5GT0HEKMT95
Tax ID: 16-0717764
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Mortgage Data
Review & Overview
Western Division Fcu is a smaller credit union specializing in Home Improvement, Refi, and Home Purchase loans. Western Division Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Buffalo, Jamestown, and Batavia among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Western Division Fcu has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/22/24 |
| 30 Year Conventional Refi | 6.27% | 11/22/24 |
| 30 Year Cash-out Refi | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 5.68% | 11/22/24 |
| 15 Year Conventional Refi | 5.68% | 11/22/24 |
| 15 Year Cash-out Refi | 5.68% | 11/22/24 |
| 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. | ||
Western Division Fcu Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
99Origination Dollar Volume (All Markets)
$5,845,000Top 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 |
|---|---|---|---|---|---|
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 84 | $4,960,000 | $59,048 | $0 | 0.00% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 12 | $620,000 | $51,667 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $220,000 | $110,000 | $0 | 0.00% |
| Batavia, NY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $3,585,000 | $62,895 | $0 | 0.00% |
| HELOC | 42 | $2,260,000 | $53,810 | n/a | 0.00% |
For 2018, Western Division Fcu's most frequently originated type of loan was Conventional, with 57 originations. Their 2nd most popular type was HELOC, with 42 originations.
Loan Reason
For 2018, Western Division Fcu's most frequently cited loan purpose was Home Improvement, with 56 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 99 | $5,845,000 | $59,040 | $0 | 0.00% |
For 2018, Western Division Fcu's most frequently cited loan duration was Other, with 99 originations.
Loan Sizing
2018 saw Western Division Fcu place emphasis on $100,000 or less loans with 84 originations, totaling $3,650,000 in origination value.
Applicant Income
Western Division Fcu lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $50k-75k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 99 | $5,845,000 | $59,040 | $0 | 0.00% |
Western Division Fcu lent most frequently to those with DTI ratios of Exempt%, with 99 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 96 | $5,730,000 | $59,688 | $0 | 0.00% |
| Black | 2 | $80,000 | $40,000 | $0 | 0.00% |
| Asian | 1 | $35,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.83%
Western Division Fcu has an average approval rate.
Pick Rate
Approvals leading to origination90.91%
Western Division Fcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 99 | $5,845,000 | $59,040 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $45,000 | $45,000 |
| Single Family (1-4 Units):Site-Built | 98 | $5,800,000 | $59,184 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WESTERN UNION COMPANY, THE | Conventional home mortgage | Trouble during payment process | 15 | 65.2% |
| WESTERN UNION COMPANY, THE | FHA mortgage | Trouble during payment process | 1 | 4.3% |
| WESTERN UNION COMPANY, THE | Other type of mortgage | Trouble during payment process | 3 | 13.0% |
| WESTERN UNION COMPANY, THE | VA mortgage | Trouble during payment process | 4 | 17.4% |