New Alliance Federal Credit Union Mortgage Rates, Fees & Info
Ambridge, PALEI: 254900PW1USAMXJ2SQ82
Tax ID: 25-0971818
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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. They have a below average pick rate when compared to similar lenders.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
43Origination Dollar Volume (All Markets)
$2,505,000Top 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) | 43 | $2,505,000 | $58,256 | $347 | 4.72% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 43 | $2,505,000 | $58,256 | $347 | 4.72% |
For 2019, New Alliance Federal Credit Union's most frequently originated type of loan was Conventional, with 43 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 42 | $2,390,000 | $56,905 | $287 | 4.74% |
| Refi | 1 | $115,000 | $115,000 | $2,854 | 3.75% |
For 2019, New Alliance Federal Credit Union's most frequently cited loan purpose was Other, with 42 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
For 2019, New Alliance Federal Credit Union's most frequently cited loan duration was 10 Year, with 18 originations. The 2nd most popular length was 15 Year, with 12 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $115,000 | $115,000 |
New Alliance 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 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 20 | $1,400,000 | $70,000 |
| 3-4% | 12 | $720,000 | $60,000 |
| 5-6% | 5 | $185,000 | $37,000 |
| 6-7% | 5 | $155,000 | $31,000 |
| 7-8% | 1 | $45,000 | $45,000 |
During 2019, New Alliance 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 20 originations.
Loan Sizing
2019 saw New Alliance Federal Credit Union place emphasis on $100,000 or less loans with 37 originations, totaling $1,565,000 in origination value.
Applicant Income
New Alliance Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $50k or less, with 11 originations.
Applicant Debt to Income Ratio
New Alliance Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? 30-36%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.61%
New Alliance Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination81.40%
New Alliance Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 43 | $2,505,000 | $58,256 |