Mon Valley Community Federal Credit Union Mortgage Rates, Fees & Info

Allenport, PA

LEI: 254900VZM7V5ZDUJAQ32

Tax ID: 25-0974253

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Mon Valley Community Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Mon Valley Community Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.

    Mon Valley Community Federal Credit Union 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

    137

    Origination Dollar Volume (All Markets)

    $9,035,000

    Top 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) 137 $9,035,000 $65,949 $0 4.90%
    Mon Valley Community Federal Credit Union's top markets include and Pittsburgh among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $8,550,000 $67,857 $0 4.89%
    HELOC 11 $485,000 $44,091 n/a 5.00%

    For 2018, Mon Valley Community Federal Credit Union's most frequently originated type of loan was Conventional, with 126 originations. Their 2nd most popular type was HELOC, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 101 $5,905,000 $58,465 $0 4.88%
    Refi 20 $1,230,000 $61,500 $0 4.87%
    Home Purchase 15 $1,735,000 $115,667 $0 5.03%
    Other 1 $165,000 $165,000 $0 5.00%

    For 2018, Mon Valley Community Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 101 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 94 $5,360,000 $57,021 $0 4.93%
    20 Year 16 $2,560,000 $160,000 $0 4.95%
    10 Year 13 $515,000 $39,615 $0 4.97%
    5 Year 7 $205,000 $29,286 $0 4.61%
    15 Year 4 $350,000 $87,500 $0 4.50%
    3 Year 3 $45,000 $15,000 $0 4.50%

    For 2018, Mon Valley Community Federal Credit Union's most frequently cited loan duration was Other, with 94 originations. The 2nd most popular length was 20 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 120 $7,940,000 $66,167

    Mon Valley Community 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 120 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 109 $7,865,000 $72,156
    5-6% 19 $885,000 $46,579
    6-7% 8 $170,000 $21,250
    3-4% 1 $115,000 $115,000

    During 2018, Mon Valley Community 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 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 113 $4,545,000 $40,221 $0 4.94%
    $100k-200k 13 $1,815,000 $139,615 $0 4.59%
    $200k-400k 11 $2,675,000 $243,182 $0 4.84%

    2018 saw Mon Valley Community Federal Credit Union place emphasis on $100,000 or less loans with 113 originations, totaling $4,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 35 $2,595,000 $74,143 $0 4.91%
    $50k or less 34 $1,350,000 $39,706 $0 4.76%
    $50k-75k 27 $1,415,000 $52,407 $0 4.96%
    $75k-100k 23 $1,485,000 $64,565 $0 4.83%
    $150k-250k 13 $1,675,000 $128,846 $0 5.22%
    $250k+ 5 $515,000 $103,000 $0 4.85%

    Mon Valley Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $50k or less, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 35 $2,195,000 $62,714 $0 4.83%
    30-36% 24 $1,370,000 $57,083 $0 4.89%
    <20% 21 $865,000 $41,190 $0 4.81%
    >60% 15 $975,000 $65,000 $0 5.26%
    50-60% 9 $845,000 $93,889 $0 4.94%
    45% 5 $435,000 $87,000 $0 4.80%
    44% 4 $310,000 $77,500 $0 4.88%
    39% 4 $220,000 $55,000 $0 4.75%
    48% 3 $155,000 $51,667 $0 4.50%
    42% 3 $95,000 $31,667 $0 5.65%
    47% 3 $355,000 $118,333 $0 4.67%
    40% 3 $235,000 $78,333 $0 4.67%
    38% 2 $110,000 $55,000 $0 5.00%
    36% 1 $255,000 $255,000 $0 5.00%
    41% 1 $205,000 $205,000 $0 5.50%
    43% 1 $225,000 $225,000 $0 5.00%
    46% 1 $25,000 $25,000 $0 4.50%
    49% 1 $105,000 $105,000 $0 4.50%
    37% 1 $55,000 $55,000 $0 5.00%

    Mon Valley Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 35 originations. The next most common DTI ratio? 30-36%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 137 $9,035,000 $65,949 $0 4.90%

    Approval Rates

    Total approvals of all applications
    94.90%

    Mon Valley Community Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.24%

    Mon Valley Community Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 137 $9,035,000 $65,949

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $55,000 $18,333
    Single Family (1-4 Units):Site-Built 134 $8,980,000 $67,015

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $1,115,000 $41,296 $0 5.04%
    40-60% 20 $1,420,000 $71,000 $0 4.76%
    60-80% 32 $2,320,000 $72,500 $0 4.69%
    80-100% 27 $3,065,000 $113,519 $0 4.94%
    Over 100% 1 $245,000 $245,000 $0 4.25%
    Under 20% 30 $870,000 $29,000 $0 5.07%