Usx Federal Credit Union Mortgage Rates, Fees & Info
Cranberry Twp., PALEI: 254900PQN88DET52I724
Tax ID: 25-0970756
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Usx Federal Credit Union is a smaller credit union specializing in Refi loans. Usx Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, New Castle, Findlay, Toledo, and Youngstown among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Usx Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
159Origination Dollar Volume (All Markets)
$15,615,000Top 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) | 135 | $12,955,000 | $95,963 | $0 | 4.45% |
| Outside of Metro Areas | 6 | $730,000 | $121,667 | $0 | 3.78% |
| New Castle, PA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 0.00% |
| Findlay, OH (FHA|USDA|VA) | 5 | $455,000 | $91,000 | $0 | 4.90% |
| TOLEDO, OH (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| Oil City, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Indiana, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Somerset, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
| LIMA, OH (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 159 | $15,615,000 | $98,208 | $0 | 4.36% |
For 2022, Usx Federal Credit Union's most frequently originated type of loan was Conventional, with 159 originations.
Loan Reason
For 2022, Usx Federal Credit Union's most frequently cited loan purpose was Refi, with 100 originations. The 2nd most popular reason was Home Improvement, with 32 originations.
Loan Duration/Length
For 2022, Usx Federal Credit Union's most frequently cited loan duration was Other, with 152 originations. The 2nd most popular length was 20 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 27 | $2,025,000 | $75,000 |
Usx Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 27 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 6 | $810,000 | $135,000 |
| 3-4% | 3 | $195,000 | $65,000 |
| 5-6% | 1 | $65,000 | $65,000 |
During 2022, Usx Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 6 originations.
Loan Sizing
2022 saw Usx Federal Credit Union place emphasis on $100,000 or less loans with 90 originations, totaling $4,680,000 in origination value.
Applicant Income
Usx Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k-75k, with 38 originations.
Applicant Debt to Income Ratio
Usx Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 27 originations. The next most common DTI ratio? 20-30%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.42%
Usx Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination96.86%
Usx 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 | 159 | $15,615,000 | $98,208 |