Day Air Credit Union Inc Mortgage Rates, Fees & Info
Kettering, OHLEI: 254900JPFVLN18XNDG98
Tax ID: 31-0546041
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Mortgage Data
Review & Overview
Day Air Credit Union Inc is a smaller credit union specializing in Home Purchase loans. Day Air Credit Union Inc has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dayton, Cincinnati, Springfield, Greenville, and Urbana among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Day Air Credit Union Inc has an average approval rate when compared to the average across all lenders. They have a below 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/22/24 |
| 30 Year Conventional Purchase | 6.68% | 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. | ||
Day Air Credit Union Inc Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
536Origination Dollar Volume (All Markets)
$45,430,000Top 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 |
|---|---|---|---|---|---|
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 375 | $28,285,000 | $75,427 | $0 | 0.00% |
| Outside of Metro Areas | 97 | $11,605,000 | $119,639 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 43 | $3,895,000 | $90,581 | $0 | 0.00% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 8 | $610,000 | $76,250 | $0 | 0.00% |
| Greenville, OH (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $0 | 0.00% |
| Urbana, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 0.00% |
| Wilmington, OH (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 0.00% |
| Sidney, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Day Air Credit Union Inc based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 535 | $45,385,000 | $84,832 | $0 | 0.00% |
| FHA | 1 | $45,000 | $45,000 | $0 | 0.00% |
For 2019, Day Air Credit Union Inc's most frequently originated type of loan was Conventional, with 535 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2019, Day Air Credit Union Inc's most frequently cited loan purpose was Home Purchase, with 192 originations. The 2nd most popular reason was Home Improvement, with 138 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 536 | $45,430,000 | $84,757 | $0 | 0.00% |
For 2019, Day Air Credit Union Inc's most frequently cited loan duration was Other, with 536 originations.
Loan Sizing
2019 saw Day Air Credit Union Inc place emphasis on $100,000 or less loans with 352 originations, totaling $15,790,000 in origination value.
Applicant Income
Day Air Credit Union Inc lent most frequently to those with incomes in the $50k-75k range, with 147 originations. The second most popular income band? $50k or less, with 138 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 536 | $45,430,000 | $84,757 | $0 | 0.00% |
Day Air Credit Union Inc lent most frequently to those with DTI ratios of Exempt%, with 536 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.38%
Day Air Credit Union Inc has a below average approval rate.
Pick Rate
Approvals leading to origination76.12%
Day Air Credit Union Inc has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 536 | $45,430,000 | $84,757 |