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 Improvement loans. Day Air Credit Union Inc has an average proportion of conventional loans. Their top markets by origination volume include: Dayton, Cincinnati, Springfield, Columbus, and Greenville 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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.68% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
476Origination Dollar Volume (All Markets)
$32,830,000Top 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) | 383 | $23,375,000 | $61,031 | $427 | 5.43% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 60 | $6,980,000 | $116,333 | $176 | 5.26% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 9 | $1,135,000 | $126,111 | $4,215 | 4.86% |
| Outside of Metro Areas | 9 | $595,000 | $66,111 | $211 | 5.91% |
| COLUMBUS, OH (FHA|USDA|VA) | 6 | $340,000 | $56,667 | $211 | 5.70% |
| Greenville, OH (FHA|USDA|VA) | 5 | $205,000 | $41,000 | $0 | 5.40% |
| Findlay, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.50% |
| Urbana, OH (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 4.62% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.49% |
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 |
|---|---|---|---|---|---|
| HELOC | 284 | $24,060,000 | $84,718 | n/a | 4.92% |
| Conventional | 192 | $8,770,000 | $45,677 | $615 | 6.15% |
For 2022, Day Air Credit Union Inc's most frequently originated type of loan was HELOC, with 284 originations. Their 2nd most popular type was Conventional, with 192 originations.
Loan Reason
For 2022, Day Air Credit Union Inc's most frequently cited loan purpose was Home Improvement, with 354 originations. The 2nd most popular reason was Other, with 61 originations.
Loan Duration/Length
For 2022, Day Air Credit Union Inc's most frequently cited loan duration was Other, with 307 originations. The 2nd most popular length was 10 Year, with 69 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 151 | $6,355,000 | $42,086 |
| $5k+ | 1 | $55,000 | $55,000 |
Day Air Credit Union Inc's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 151 originations.
Interest Rates
During 2022, Day Air Credit Union Inc's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 4-5%, with 124 originations.
Loan Sizing
2022 saw Day Air Credit Union Inc place emphasis on $100,000 or less loans with 381 originations, totaling $16,195,000 in origination value.
Applicant Income
Day Air Credit Union Inc lent most frequently to those with incomes in the $100k-150k range, with 123 originations. The second most popular income band? $50k-75k, with 107 originations.
Applicant Debt to Income Ratio
Day Air Credit Union Inc lent most frequently to those with DTI ratios of 20-30%, with 95 originations. The next most common DTI ratio? <20%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.22%
Day Air Credit Union Inc has a below average approval rate.
Pick Rate
Approvals leading to origination54.62%
Day Air Credit Union Inc has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 476 | $32,830,000 | $68,971 |