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 loans. Cross Valley Federal Credit Union has a high proportion of conventional loans. Their top two markets are Scranton and Allentown .Cross Valley Federal Credit Union has an above 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% | 12/16/24 |
30 Year Conventional Purchase | 6.65% | 12/16/24 |
30 Year Conventional Refi | 6.02% | 12/16/24 |
30 Year Cash-out Refi | 6.87% | 12/16/24 |
15 Year Conventional Purchase | 4.86% | 12/16/24 |
15 Year Conventional Refi | 5.29% | 12/16/24 |
15 Year Cash-out Refi | 5.29% | 12/16/24 |
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
83Origination Dollar Volume (All Markets)
$5,585,000Top 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) | 81 | $5,545,000 | $68,457 | $661 | 3.12% |
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 2.99% |
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.
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 80 | $5,420,000 | $67,750 | $661 | 3.12% |
HELOC | 3 | $165,000 | $55,000 | n/a | 3.05% |
For 2020, Cross Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 80 originations. Their 2nd most popular type was HELOC, with 3 originations.
Loan Reason
For 2020, Cross Valley Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 71 originations. The 2nd most popular reason was Other, with 5 originations.
Loan Duration/Length
For 2020, Cross Valley Federal Credit Union's most frequently cited loan duration was 10 Year, with 55 originations. The 2nd most popular length was 15 Year, with 20 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 60 | $3,610,000 | $60,167 |
3-4% | 20 | $1,730,000 | $86,500 |
4-5% | 2 | $190,000 | $95,000 |
<2.5% | 1 | $55,000 | $55,000 |
During 2020, Cross Valley Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 60 originations.
Loan Sizing
2020 saw Cross Valley Federal Credit Union place emphasis on $100,000 or less loans with 68 originations, totaling $3,330,000 in origination value.
Applicant Income
Cross Valley Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $75k-100k, with 18 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? <20%, with 28 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 82 | $5,530,000 | $67,439 | $661 | 3.12% |
Black | 1 | $55,000 | $55,000 | $0 | 2.99% |
Approval Rates
Total approvals of all applications100.00%
Cross Valley Federal 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 originationPoints and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 83 | $5,585,000 | $67,289 |