Weld Schools Credit Union Mortgage Rates, Fees & Info
Greeley, COLEI: 254900KLRON8YJD2EN33
Tax ID: 84-0526937
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Mortgage Data
Review & Overview
Weld Schools Credit Union is a smaller credit union specializing in Refi and Home Improvement loans. Weld Schools Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Greeley, Denver, and Fort Collins among others. We have data for 3 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
34Origination Dollar Volume (All Markets)
$2,160,000Top 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) | 28 | $1,630,000 | $58,214 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $2,160,000 | $63,529 | $0 | 0.00% |
For 2018, Weld Schools Credit Union's most frequently originated type of loan was Conventional, with 34 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 20 | $1,600,000 | $80,000 | $0 | 0.00% |
| Home Improvement | 14 | $560,000 | $40,000 | $0 | 0.00% |
For 2018, Weld Schools Credit Union's most frequently cited loan purpose was Refi, with 20 originations. The 2nd most popular reason was Home Improvement, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 34 | $2,160,000 | $63,529 | $0 | 0.00% |
For 2018, Weld Schools Credit Union's most frequently cited loan duration was Other, with 34 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 25 | $965,000 | $38,600 | $0 | 0.00% |
| $100k-200k | 8 | $980,000 | $122,500 | $0 | 0.00% |
| $200k-400k | 1 | $215,000 | $215,000 | $0 | 0.00% |
2018 saw Weld Schools Credit Union place emphasis on $100,000 or less loans with 25 originations, totaling $965,000 in origination value.
Applicant Income
Weld Schools Credit Union lent most frequently to those with incomes in the $75k-100k range, with 12 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 34 | $2,160,000 | $63,529 | $0 | 0.00% |
Weld Schools Credit Union lent most frequently to those with DTI ratios of Exempt%, with 34 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 34 | $2,160,000 | $63,529 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.78%
Weld Schools Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination70.59%
Weld Schools Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 34 | $2,160,000 | $63,529 |