New Alliance Federal Credit Union Mortgage Rates, Fees & Info
Ambridge, PALEI: 254900PW1USAMXJ2SQ82
Tax ID: 25-0971818
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Mortgage Data
Review & Overview
New Alliance Federal Credit Union is a smaller credit union specializing in Other loans. New Alliance Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.New Alliance Federal Credit Union has an average approval rate when compared to the average across all lenders.
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Originations
68Origination Dollar Volume (All Markets)
$4,150,000Top 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) | 68 | $4,150,000 | $61,029 | $276 | 7.69% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 68 | $4,150,000 | $61,029 | $276 | 7.69% |
For 2024, New Alliance Federal Credit Union's most frequently originated type of loan was Conventional, with 68 originations.
Loan Reason
For 2024, New Alliance Federal Credit Union's most frequently cited loan purpose was Other, with 61 originations. The 2nd most popular reason was Home Improvement, with 3 originations.
Loan Duration/Length
For 2024, New Alliance Federal Credit Union's most frequently cited loan duration was 15 Year, with 36 originations. The 2nd most popular length was 10 Year, with 20 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 27 | $1,345,000 | $49,815 |
| 7-8% | 21 | $1,595,000 | $75,952 |
| 6-7% | 18 | $1,170,000 | $65,000 |
| 5-6% | 2 | $40,000 | $20,000 |
During 2024, New Alliance Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 27 originations.
Loan Sizing
2024 saw New Alliance Federal Credit Union place emphasis on $100,000 or less loans with 57 originations, totaling $2,525,000 in origination value.
Applicant Income
New Alliance Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
New Alliance 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 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.47%
New Alliance Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 68 | $4,150,000 | $61,029 |