Nova Ua Fcu Mortgage Rates, Fees & Info
Clifton, NJLEI: 254900UYL8EBX07D4S14
Tax ID: 22-6034942
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Nova Ua Fcu is a smaller credit union specializing in Home Purchase loans. Nova Ua Fcu has a high proportion of conventional loans. Their top markets by origination volume include: New York, Ocean City, Washington, Philadelphia, and Bridgeport among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Nova Ua Fcu 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.
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Originations
40Origination Dollar Volume (All Markets)
$12,430,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 35 | $11,475,000 | $327,857 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $12,430,000 | $310,750 | $0 | 0.00% |
For 2018, Nova Ua Fcu's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
For 2018, Nova Ua Fcu's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $12,430,000 | $310,750 | $0 | 0.00% |
For 2018, Nova Ua Fcu's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2018 saw Nova Ua Fcu place emphasis on $200k-400k loans with 19 originations, totaling $5,075,000 in origination value.
Applicant Income
Nova Ua Fcu lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $12,430,000 | $310,750 | $0 | 0.00% |
Nova Ua Fcu lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.35%
Nova Ua Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.50%
Nova Ua Fcu 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 |
|---|---|---|---|
| Exempt | 40 | $12,430,000 | $310,750 |