Cross Valley Federal Credit Union Mortgage Rates, Fees & Info
Wilkes Barre, PALEI: 254900L0XOVEOJWGQO95
Tax ID: 23-7006496
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Mortgage Data
Review & Overview
Cross Valley Federal Credit Union is a smaller credit union specializing in Home Improvement, Other, and Refi loans. Cross Valley Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Scranton.Cross Valley Federal Credit Union has an average approval rate when compared to the average across all lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.91% | 5/4/24 |
| 30 Year Conventional Purchase | 6.65% | 5/4/24 |
| 30 Year Conventional Refi | 6.02% | 5/4/24 |
| 30 Year Cash-out Refi | 6.87% | 5/4/24 |
| 15 Year Conventional Purchase | 4.86% | 5/4/24 |
| 15 Year Conventional Refi | 5.29% | 5/4/24 |
| 15 Year Cash-out Refi | 5.29% | 5/4/24 |
| 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. | ||
Cross Valley Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
97Origination Dollar Volume (All Markets)
$5,805,000Top 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 |
|---|---|---|---|---|---|
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 97 | $5,805,000 | $59,845 | $0 | 3.60% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against CROSS VALLEY FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 150
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 94 | $5,660,000 | $60,213 | $0 | 3.56% |
| HELOC | 3 | $145,000 | $48,333 | n/a | 4.83% |
For 2018, Cross Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 94 originations. Their 2nd most popular type was HELOC, with 3 originations.
Loan Reason
For 2018, Cross Valley Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 42 originations. The 2nd most popular reason was Other, with 38 originations.
Loan Duration/Length
For 2018, Cross Valley Federal Credit Union's most frequently cited loan duration was 10 Year, with 49 originations. The 2nd most popular length was 15 Year, with 34 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 60 | $3,110,000 | $51,833 |
| 4-5% | 34 | $2,550,000 | $75,000 |
| 5-6% | 2 | $130,000 | $65,000 |
| 2.5-3% | 1 | $15,000 | $15,000 |
During 2018, Cross Valley Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 60 originations.
Loan Sizing
2018 saw Cross Valley Federal Credit Union place emphasis on $100,000 or less loans with 85 originations, totaling $3,725,000 in origination value.
Applicant Income
Cross Valley Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $50k or less, with 23 originations.
Applicant Debt to Income Ratio
Cross Valley Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 30 originations. The next most common DTI ratio? 30-36%, with 28 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.81%
Cross Valley Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 159.0 | 1 | $25,000 | $25,000 |
| 250.75 | 3 | $105,000 | $35,000 |
| 280.75 | 3 | $95,000 | $31,667 |
| 469.0 | 1 | $45,000 | $45,000 |
| 560.75 | 2 | $60,000 | $30,000 |
| 569.0 | 18 | $1,100,000 | $61,111 |
| 580.75 | 1 | $25,000 | $25,000 |
| 660.75 | 41 | $3,055,000 | $74,512 |
| 680.75 | 16 | $680,000 | $42,500 |
| 730.75 | 1 | $45,000 | $45,000 |
| 734.0 | 2 | $110,000 | $55,000 |
| 750.75 | 2 | $100,000 | $50,000 |
| 764.75 | 1 | $75,000 | $75,000 |
| 774.75 | 1 | $25,000 | $25,000 |
| 825.75 | 1 | $85,000 | $85,000 |
| 845.75 | 2 | $100,000 | $50,000 |
| 950.75 | 1 | $75,000 | $75,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 97 | $5,805,000 | $59,845 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Crosspoint Financial Inc. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |