Pittsburgh Firefighters' Federal Credit Union Mortgage Rates, Fees & Info
Pittsburgh, PALEI: 254900MC3K81XOEBSM60
Tax ID: 25-0974245
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Mortgage Data
Review & Overview
Pittsburgh Firefighters' Federal Credit Union is a smaller credit union specializing in Refi loans. Pittsburgh Firefighters' Federal Credit Union has a high proportion of conventional loans. Their top two markets are Pittsburgh and Oil City .Pittsburgh Firefighters' Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
46Origination Dollar Volume (All Markets)
$3,220,000Top 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 |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 45 | $3,125,000 | $69,444 | $626 | 4.30% |
| Oil City, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $633 | 4.25% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $3,220,000 | $70,000 | $626 | 4.30% |
For 2018, Pittsburgh Firefighters' Federal Credit Union's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 35 | $2,675,000 | $76,429 | $623 | 4.19% |
| Home Improvement | 11 | $545,000 | $49,545 | $633 | 4.64% |
For 2018, Pittsburgh Firefighters' Federal Credit Union's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Home Improvement, with 11 originations.
Loan Duration/Length
For 2018, Pittsburgh Firefighters' Federal Credit Union's most frequently cited loan duration was 15 Year, with 20 originations. The 2nd most popular length was Other, with 12 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 17 | $965,000 | $56,765 |
| 4-5% | 17 | $1,495,000 | $87,941 |
| 5-6% | 9 | $645,000 | $71,667 |
| 2.5-3% | 2 | $30,000 | $15,000 |
| 6-7% | 1 | $85,000 | $85,000 |
During 2018, Pittsburgh Firefighters' 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 17 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 37 | $1,975,000 | $53,378 | $624 | 4.25% |
| $100k-200k | 9 | $1,245,000 | $138,333 | $633 | 4.50% |
2018 saw Pittsburgh Firefighters' Federal Credit Union place emphasis on $100,000 or less loans with 37 originations, totaling $1,975,000 in origination value.
Applicant Income
Pittsburgh Firefighters' Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
Pittsburgh Firefighters' Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 10 originations. The next most common DTI ratio? 20-30%, with 10 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 45 | $3,095,000 | $68,778 | $626 | 4.28% |
| Black | 1 | $125,000 | $125,000 | $633 | 5.01% |
Approval Rates
Total approvals of all applications100.00%
Pittsburgh Firefighters' 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 | 46 | $3,220,000 | $70,000 |