Weld Schools Credit Union Mortgage Rates, Fees & Info
Greeley, COLEI: 254900KLRON8YJD2EN33
Tax ID: 84-0526937
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Weld Schools Credit Union is a smaller credit union specializing in Home Improvement and Cash Out Refi loans. Weld Schools Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Greeley, Fort Collins, Denver, and Fort Morgan among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Weld Schools Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
88Origination Dollar Volume (All Markets)
$7,350,000Top 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 |
---|---|---|---|---|---|
GREELEY, CO (FHA|USDA|VA) | 76 | $6,080,000 | $80,000 | $0 | 0.00% |
FORT COLLINS, CO (FHA|USDA|VA) | 8 | $920,000 | $115,000 | $0 | 0.00% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 0.00% |
Fort Morgan, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 88 | $7,350,000 | $83,523 | $0 | 0.00% |
For 2024, Weld Schools Credit Union's most frequently originated type of loan was Conventional, with 88 originations.
Loan Reason
For 2024, Weld Schools Credit Union's most frequently cited loan purpose was Home Improvement, with 49 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 88 | $7,350,000 | $83,523 | $0 | 0.00% |
For 2024, Weld Schools Credit Union's most frequently cited loan duration was Other, with 88 originations.
Loan Sizing
2024 saw Weld Schools Credit Union place emphasis on $100,000 or less loans with 68 originations, totaling $3,810,000 in origination value.
Applicant Income
Weld Schools Credit Union lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 88 | $7,350,000 | $83,523 | $0 | 0.00% |
Weld Schools Credit Union lent most frequently to those with DTI ratios of Exempt%, with 88 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 85 | $7,205,000 | $84,765 | $0 | 0.00% |
Black | 2 | $80,000 | $40,000 | $0 | 0.00% |
Asian | 1 | $65,000 | $65,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.18%
Weld Schools Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination85.23%
Weld Schools Credit Union has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 88 | $7,350,000 | $83,523 |