Day Air Credit Union Inc Mortgage Rates, Fees & Info

Kettering, OH

LEI: 254900JPFVLN18XNDG98

Tax ID: 31-0546041

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

    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. Their top markets by origination volume include: Dayton, Cincinnati, Springfield, Columbus, and Urbana among others. We have data for 9 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. Day Air Credit Union Inc 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
    Home Equity Line of Credit (HELOC) 6.27% 11/21/24
    30 Year Conventional Purchase 6.68% 11/21/24
    30 Year Conventional Refi 6.27% 11/21/24
    30 Year Cash-out Refi 6.27% 11/21/24
    15 Year Conventional Purchase 5.68% 11/21/24
    15 Year Conventional Refi 5.68% 11/21/24
    15 Year Cash-out Refi 5.68% 11/21/24
    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

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

    This is not an official calculator from Day Air Credit Union Inc. 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

    639

    Origination Dollar Volume (All Markets)

    $63,435,000

    Awards

    Day Air Credit Union Inc 30 Year Conventional Loans silver Day Air Credit Union Inc 30 Year Conventional Loans bronze
    Show all (2) awards

    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
    DAYTON-KETTERING, OH (FHA|USDA|VA) 551 $52,485,000 $95,254 $1,983 3.88%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 54 $7,270,000 $134,630 $2,682 3.89%
    SPRINGFIELD, OH (FHA|USDA|VA) 14 $1,350,000 $96,429 $2,287 4.62%
    COLUMBUS, OH (FHA|USDA|VA) 7 $1,315,000 $187,857 $2,946 3.27%
    Urbana, OH (FHA|USDA|VA) 4 $400,000 $100,000 $2,443 3.59%
    Outside of Metro Areas 5 $255,000 $51,000 $750 4.60%
    Findlay, OH (FHA|USDA|VA) 1 $155,000 $155,000 $750 2.75%
    Bellefontaine, OH (FHA|USDA|VA) 1 $105,000 $105,000 $500 2.75%
    Greenville, OH (FHA|USDA|VA) 2 $100,000 $50,000 $0 4.00%
    Day Air Credit Union Inc's top markets include Dayton, Cincinnati, Springfield, Columbus, and Urbana among others.

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

    • 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.

    Greenville Federal
    Similarity Rank: 396
    Day Air Credit Union, Inc
    Similarity Rank: 432
    GENERAL ELECTRIC CREDIT UNION
    Similarity Rank: 432
    SIBCY CLINE MORTGAGE SERVICES, INC.
    Similarity Rank: 504
    LCNB National Bank
    Similarity Rank: 624
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 642
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 945
    1st National Bank
    Similarity Rank: 1044
    KH NETWORK CREDIT UNION
    Similarity Rank: 1344
    Western Ohio Mortgage Corporation
    Similarity Rank: 1512

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 413 $48,685,000 $117,881 $2,041 3.74%
    HELOC 226 $14,750,000 $65,265 n/a 4.16%

    For 2021, Day Air Credit Union Inc's most frequently originated type of loan was Conventional, with 413 originations. Their 2nd most popular type was HELOC, with 226 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 202 $11,930,000 $59,059 $967 4.58%
    Home Purchase 144 $21,630,000 $150,208 $2,551 3.41%
    Cash Out Refi 132 $11,650,000 $88,258 $1,740 4.08%
    Refi 95 $11,525,000 $121,316 $1,723 3.07%
    Other 66 $6,700,000 $101,515 $1,746 3.59%

    For 2021, Day Air Credit Union Inc's most frequently cited loan purpose was Home Improvement, with 202 originations. The 2nd most popular reason was Home Purchase, with 144 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 256 $17,510,000 $68,398 $1,773 4.23%
    15 Year 139 $16,635,000 $119,676 $1,532 3.22%
    30 Year 108 $16,330,000 $151,204 $2,665 3.13%
    20 Year 66 $8,610,000 $130,455 $2,247 3.37%
    10 Year 50 $3,400,000 $68,000 $1,147 5.22%
    5 Year 19 $405,000 $21,316 $0 6.75%
    30+ year 1 $545,000 $545,000 $5,642 3.25%

    For 2021, Day Air Credit Union Inc's most frequently cited loan duration was Other, with 256 originations. The 2nd most popular length was 15 Year, with 139 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 281 $36,635,000 $130,374
    $1k-2k 2 $350,000 $175,000

    Day Air Credit Union Inc's average total fees were $2,665, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 281 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 344 $31,960,000 $92,907
    2.5-3% 139 $19,955,000 $143,561
    <2.5% 45 $6,855,000 $152,333
    4-5% 32 $1,670,000 $52,188
    5-6% 25 $1,005,000 $40,200
    6-7% 23 $1,065,000 $46,304
    Over 8% 19 $585,000 $30,789
    7-8% 12 $340,000 $28,333

    During 2021, Day Air Credit Union Inc's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 3-4%, with 344 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 385 $19,065,000 $49,519 $1,417 4.31%
    $100k-200k 190 $26,010,000 $136,895 $2,212 3.32%
    $200k-400k 56 $14,000,000 $250,000 $2,703 3.02%
    $400k-600k 7 $3,355,000 $479,286 $3,285 2.98%
    $1MM+ 1 $1,005,000 $1,005,000 $6,685 2.75%

    2021 saw Day Air Credit Union Inc place emphasis on $100,000 or less loans with 385 originations, totaling $19,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 141 $11,345,000 $80,461 $2,150 4.05%
    $100k-150k 132 $14,450,000 $109,470 $2,108 3.84%
    $50k or less 114 $8,600,000 $75,439 $1,905 3.70%
    $75k-100k 111 $9,865,000 $88,874 $1,812 4.10%
    $150k-250k 94 $12,220,000 $130,000 $2,103 3.85%
    $250k+ 45 $6,725,000 $149,444 $2,809 3.57%

    Day Air Credit Union Inc lent most frequently to those with incomes in the $50k-75k range, with 141 originations. The second most popular income band? $100k-150k, with 132 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 91 $11,845,000 $130,165 $2,153 3.45%
    <20% 83 $8,625,000 $103,916 $1,625 3.59%
    30-36% 61 $7,825,000 $128,279 $2,321 3.41%
    36% 13 $1,815,000 $139,615 $2,530 3.57%
    45% 11 $1,275,000 $115,909 $2,043 3.24%
    37% 10 $1,390,000 $139,000 $1,994 3.31%
    39% 9 $965,000 $107,222 $1,958 3.32%
    42% 8 $1,260,000 $157,500 $2,270 3.39%
    38% 8 $1,050,000 $131,250 $2,159 3.45%
    40% 8 $550,000 $68,750 $1,644 4.06%
    41% 8 $840,000 $105,000 $2,737 3.95%
    44% 8 $1,050,000 $131,250 $1,721 3.42%
    46% 8 $1,110,000 $138,750 $1,393 2.81%
    50-60% 8 $1,610,000 $201,250 $2,143 3.11%
    43% 7 $665,000 $95,000 $2,041 3.29%
    48% 5 $605,000 $121,000 $2,126 2.80%
    47% 4 $450,000 $112,500 $2,459 3.31%
    49% 1 $45,000 $45,000 $2,051 3.88%
    >60% 1 $145,000 $145,000 $2,603 2.75%

    Day Air Credit Union Inc lent most frequently to those with DTI ratios of 20-30%, with 91 originations. The next most common DTI ratio? <20%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 485 $46,685,000 $96,258 $2,096 3.97%
    Not provided 102 $12,620,000 $123,725 $1,900 3.43%
    Black 40 $2,750,000 $68,750 $1,863 4.26%
    Asian 6 $690,000 $115,000 $2,222 3.08%
    Asian Indian 2 $290,000 $145,000 $0 4.00%
    Other Asian 2 $200,000 $100,000 $0 4.00%
    American Indian 2 $200,000 $100,000 $1,806 2.81%

    Approval Rates

    Total approvals of all applications
    84.78%

    Day Air Credit Union Inc has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.78%

    Day Air Credit Union Inc has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 639 $63,435,000 $99,272

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    639 $63,435,000 $99,272

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 125 $8,255,000 $66,040 $929 4.45%
    40-60% 87 $9,555,000 $109,828 $1,492 3.52%
    60-80% 130 $19,410,000 $149,308 $2,148 3.16%
    80-100% 90 $12,860,000 $142,889 $2,518 3.40%
    Under 20% 148 $5,400,000 $36,486 $850 4.76%