New Cumberland Federal Credit Union Mortgage Rates, Fees & Info
New Cumberland, PALEI: 254900JU5OLW9ZB5C595
Tax ID: 23-1413187
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Mortgage Data
Review & Overview
New Cumberland Federal Credit Union is a smaller credit union specializing in Refi and Home Improvement loans. New Cumberland Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: York, Harrisburg, Lebanon, Lancaster, and Pottsville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)New Cumberland Federal Credit Union 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 |
|---|---|---|
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 15 Year Conventional Refi | 5.68% | 4/28/24 |
| 15 Year Cash-out Refi | 5.68% | 4/28/24 |
| 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. | ||
New Cumberland Federal Credit Union Mortgage Calculator
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This is not an official calculator from New Cumberland Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
166Origination Dollar Volume (All Markets)
$10,050,000Top 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 |
|---|---|---|---|---|---|
| YORK-HANOVER, PA (FHA|USDA|VA) | 69 | $4,295,000 | $62,246 | $0 | 4.36% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 65 | $4,195,000 | $64,538 | $0 | 4.43% |
| LEBANON, PA (FHA|USDA|VA) | 18 | $1,100,000 | $61,111 | $0 | 4.20% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 4.15% |
| Pottsville, PA (FHA|USDA|VA) | 5 | $125,000 | $25,000 | $0 | 4.36% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 4.65% |
| Outside of Metro Areas | 1 | $45,000 | $45,000 | $0 | 4.65% |
| READING, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.00% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.80% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.40% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 148 | $9,090,000 | $61,419 | $0 | 4.32% |
| HELOC | 18 | $960,000 | $53,333 | n/a | 4.77% |
For 2018, New Cumberland Federal Credit Union's most frequently originated type of loan was Conventional, with 148 originations. Their 2nd most popular type was HELOC, with 18 originations.
Loan Reason
For 2018, New Cumberland Federal Credit Union's most frequently cited loan purpose was Refi, with 78 originations. The 2nd most popular reason was Home Improvement, with 51 originations.
Loan Duration/Length
For 2018, New Cumberland Federal Credit Union's most frequently cited loan duration was 15 Year, with 82 originations. The 2nd most popular length was 10 Year, with 39 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 113 | $6,905,000 | $61,106 |
| 3-4% | 39 | $2,365,000 | $60,641 |
| 5-6% | 3 | $175,000 | $58,333 |
| 2.5-3% | 2 | $270,000 | $135,000 |
| <2.5% | 1 | $45,000 | $45,000 |
During 2018, New Cumberland Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 113 originations.
Loan Sizing
2018 saw New Cumberland Federal Credit Union place emphasis on $100,000 or less loans with 137 originations, totaling $5,715,000 in origination value.
Applicant Income
New Cumberland Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $50k-75k, with 35 originations.
Applicant Debt to Income Ratio
New Cumberland Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? <20%, with 32 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.31%
New Cumberland Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.98%
New Cumberland Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 166 | $10,050,000 | $60,542 |