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 Home Improvement, Refi, and Home Purchase loans. Cross Valley Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, Allentown, Ocala, East Stroudsburg, and Bloomsburg among others. We have data for 6 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

    161

    Origination Dollar Volume (All Markets)

    $12,185,000

    Awards

    CROSS VALLEY FEDERAL CREDIT UNION 30 Year Conventional Loans silver
    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) 153 $11,165,000 $72,974 $1,108 3.61%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $530,000 $132,500 $2,505 3.77%
    OCALA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,167 6.48%
    Outside of Metro Areas 1 $115,000 $115,000 $3,259 4.13%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $105,000 $105,000 $668 4.50%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $65,000 $65,000 $751 2.99%
    Cross Valley Federal Credit Union's top markets include Scranton, Allentown, Ocala, East Stroudsburg, and Bloomsburg among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Florida (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: 168
    First Columbia Bank & Trust Co.
    Similarity Rank: 288
    Peoples Security Bank and Trust Company
    Similarity Rank: 440
    The Honesdale National Bank
    Similarity Rank: 450
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 456
    First Keystone Community Bank
    Similarity Rank: 481
    ESSA Bank & Trust
    Similarity Rank: 494
    The Luzerne Bank
    Similarity Rank: 672
    NBT Bank
    Similarity Rank: 748
    FNCB Bank
    Similarity Rank: 820

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 136 $10,630,000 $78,162 $1,154 3.71%
    HELOC 25 $1,555,000 $62,200 n/a 3.27%

    For 2022, Cross Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 136 originations. Their 2nd most popular type was HELOC, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 66 $3,030,000 $45,909 $486 3.48%
    Refi 51 $4,185,000 $82,059 $822 3.57%
    Home Purchase 20 $2,630,000 $131,500 $3,080 4.33%
    Cash Out Refi 17 $1,885,000 $110,882 $2,197 3.87%
    Other 5 $355,000 $71,000 $380 3.19%
    NA 2 $100,000 $50,000 $293 2.99%

    For 2022, Cross Valley Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 66 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 60 $3,670,000 $61,167 $448 3.32%
    15 Year 52 $3,940,000 $75,769 $767 3.90%
    5 Year 25 $855,000 $34,200 $487 3.16%
    30 Year 17 $2,705,000 $159,118 $4,545 4.73%
    Other 4 $430,000 $107,500 $522 3.25%
    20 Year 3 $585,000 $195,000 $4,471 3.81%

    For 2022, Cross Valley Federal Credit Union's most frequently cited loan duration was 10 Year, with 60 originations. The 2nd most popular length was 15 Year, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 126 $9,210,000 $73,095
    $1k-2k 3 $315,000 $105,000
    $2k-3k 2 $200,000 $100,000
    $3k-4k 2 $220,000 $110,000
    $5k+ 2 $520,000 $260,000
    $4k-5k 1 $165,000 $165,000

    Cross Valley Federal Credit Union's average total fees were $4,545, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 126 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 72 $5,590,000 $77,639
    2.5-3% 51 $2,875,000 $56,373
    4-5% 23 $2,285,000 $99,348
    5-6% 9 $815,000 $90,556
    6-7% 5 $465,000 $93,000

    During 2022, Cross Valley Federal Credit Union's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 3-4%, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 121 $5,915,000 $48,884 $681 3.59%
    $100k-200k 31 $4,125,000 $133,065 $1,837 3.76%
    $200k-400k 9 $2,145,000 $238,333 $4,229 3.95%

    2022 saw Cross Valley Federal Credit Union place emphasis on $100,000 or less loans with 121 originations, totaling $5,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $2,835,000 $69,146 $1,474 3.53%
    $100k-150k 36 $3,250,000 $90,278 $1,174 3.71%
    $75k-100k 36 $2,720,000 $75,556 $1,031 3.74%
    $50k or less 26 $1,510,000 $58,077 $977 3.85%
    $150k-250k 18 $1,500,000 $83,333 $920 3.37%
    $250k+ 4 $370,000 $92,500 $751 3.22%

    Cross Valley Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $100k-150k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 44 $3,120,000 $70,909 $869 3.73%
    <20% 30 $1,790,000 $59,667 $578 3.34%
    30-36% 26 $2,070,000 $79,615 $1,290 3.84%
    50-60% 9 $765,000 $85,000 $953 3.73%
    37% 8 $620,000 $77,500 $1,024 3.48%
    40% 6 $620,000 $103,333 $3,076 3.86%
    43% 5 $615,000 $123,000 $2,341 3.54%
    44% 5 $335,000 $67,000 $1,422 3.63%
    41% 4 $300,000 $75,000 $371 3.43%
    36% 4 $280,000 $70,000 $674 3.52%
    45% 4 $480,000 $120,000 $4,144 3.70%
    42% 3 $205,000 $68,333 $539 3.33%
    46% 3 $125,000 $41,667 $763 3.19%
    47% 2 $120,000 $60,000 $807 2.99%
    48% 2 $280,000 $140,000 $1,730 4.73%
    49% 2 $250,000 $125,000 $1,887 3.69%
    39% 2 $60,000 $30,000 $0 3.29%
    >60% 1 $55,000 $55,000 $0 3.29%
    38% 1 $95,000 $95,000 $4,036 6.45%

    Cross Valley Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 44 originations. The next most common DTI ratio? <20%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 157 $11,635,000 $74,108 $1,053 3.63%
    Not provided 3 $485,000 $161,667 $5,742 4.35%
    Black 1 $65,000 $65,000 $663 3.50%

    Approval Rates

    Total approvals of all applications
    95.86%

    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 origination
    99.38%

    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
    0.0 23 $1,435,000 $62,391
    292.75 2 $120,000 $60,000
    NA 136 $10,630,000 $78,162

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    161 $12,185,000 $75,683

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $2,555,000 $59,419 $613 3.61%
    40-60% 29 $2,725,000 $93,966 $956 3.90%
    60-80% 21 $2,955,000 $140,714 $2,174 3.69%
    80-100% 12 $2,010,000 $167,500 $4,024 4.31%
    Under 20% 56 $1,940,000 $34,643 $446 3.37%