Cross Valley Federal Credit Union Mortgage Rates, Fees & Info

Wilkes Barre, PA

LEI: 254900L0XOVEOJWGQO95

Tax ID: 23-7006496

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Cross Valley Federal Credit Union is a smaller credit union specializing in Refi loans. Cross Valley Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, Bloomsburg, and East Stroudsburg among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cross Valley 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. Cross Valley Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate 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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Cross Valley Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    119

    Origination Dollar Volume (All Markets)

    $11,035,000

    Awards

    CROSS VALLEY FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (1) awards

    Top 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) 117 $10,945,000 $93,547 $1,273 2.68%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $65,000 $65,000 $785 2.25%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $25,000 $25,000 $281 1.99%
    Cross Valley Federal Credit Union's top markets include Scranton, Bloomsburg, and East Stroudsburg among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • 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.

    CROSS VALLEY FEDERAL CREDIT UNION
    Similarity Rank: 159
    The Honesdale National Bank
    Similarity Rank: 175
    ESSA Bank & Trust
    Similarity Rank: 336
    First Keystone Community Bank
    Similarity Rank: 410
    First Columbia Bank & Trust Co.
    Similarity Rank: 855
    NBT Bank
    Similarity Rank: 882
    Peoples Security Bank and Trust Company
    Similarity Rank: 1152
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 1178
    Jersey Shore State Bank
    Similarity Rank: 1305
    The Luzerne Bank
    Similarity Rank: 1308

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 119 $11,035,000 $92,731 $1,261 2.67%

    For 2021, Cross Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 119 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 66 $6,890,000 $104,394 $1,041 2.67%
    Home Improvement 33 $1,315,000 $39,848 $496 2.52%
    Cash Out Refi 12 $1,510,000 $125,833 $3,007 2.82%
    Home Purchase 8 $1,320,000 $165,000 $3,606 3.04%

    For 2021, Cross Valley Federal Credit Union's most frequently cited loan purpose was Refi, with 66 originations. The 2nd most popular reason was Home Improvement, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 47 $5,205,000 $110,745 $1,281 2.69%
    10 Year 31 $1,875,000 $60,484 $500 2.57%
    30 Year 12 $1,860,000 $155,000 $3,300 3.27%
    5 Year 12 $350,000 $29,167 $470 2.16%
    Other 12 $1,070,000 $89,167 $1,255 2.69%
    20 Year 5 $675,000 $135,000 $2,801 2.83%

    For 2021, Cross Valley Federal Credit Union's most frequently cited loan duration was 15 Year, with 47 originations. The 2nd most popular length was 10 Year, with 31 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 65 $5,765,000 $88,692
    2.5-3% 34 $3,050,000 $89,706
    3-4% 19 $2,125,000 $111,842
    4-5% 1 $95,000 $95,000

    During 2021, Cross Valley Federal Credit Union's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was <2.5%, with 65 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 77 $4,035,000 $52,403 $755 2.66%
    $100k-200k 34 $4,980,000 $146,471 $2,303 2.71%
    $200k-400k 7 $1,615,000 $230,714 $1,281 2.47%
    $400k-600k 1 $405,000 $405,000 $4,610 3.18%

    2021 saw Cross Valley Federal Credit Union place emphasis on $100,000 or less loans with 77 originations, totaling $4,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 42 $3,150,000 $75,000 $1,091 2.59%
    $75k-100k 25 $2,745,000 $109,800 $1,578 2.62%
    $50k or less 23 $1,655,000 $71,957 $1,366 2.98%
    $100k-150k 20 $2,260,000 $113,000 $1,038 2.58%
    $150k-250k 8 $1,190,000 $148,750 $1,480 2.58%
    $250k+ 1 $35,000 $35,000 $751 2.50%

    Cross Valley Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 42 originations. The second most popular income band? $75k-100k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 28 $2,700,000 $96,429 $1,099 2.63%
    <20% 26 $1,410,000 $54,231 $677 2.61%
    30-36% 14 $1,420,000 $101,429 $1,311 2.63%
    36% 8 $910,000 $113,750 $2,012 3.25%
    41% 8 $960,000 $120,000 $1,713 2.43%
    38% 8 $920,000 $115,000 $2,118 2.63%
    44% 6 $600,000 $100,000 $1,742 2.64%
    42% 5 $835,000 $167,000 $2,610 2.75%
    43% 3 $255,000 $85,000 $751 2.50%
    39% 2 $190,000 $95,000 $516 2.38%
    48% 2 $120,000 $60,000 $1,532 2.71%
    49% 2 $130,000 $65,000 $516 3.00%
    50-60% 2 $90,000 $45,000 $466 2.75%
    46% 2 $320,000 $160,000 $1,848 2.79%
    37% 1 $65,000 $65,000 $751 1.99%
    45% 1 $35,000 $35,000 $281 3.50%
    >60% 1 $75,000 $75,000 $0 2.99%

    Cross Valley Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? <20%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 117 $10,745,000 $91,838 $1,238 2.65%
    Not provided 2 $290,000 $145,000 $2,580 3.54%

    Approval Rates

    Total approvals of all applications
    93.02%

    Cross Valley Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    99.16%

    Cross Valley Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 119 $11,035,000 $92,731

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    119 $11,035,000 $92,731

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $1,760,000 $67,692 $489 2.61%
    40-60% 22 $1,830,000 $83,182 $1,246 2.63%
    60-80% 37 $5,415,000 $146,351 $1,943 2.79%
    80-100% 10 $1,350,000 $135,000 $2,750 2.94%
    Under 20% 24 $680,000 $28,333 $436 2.46%