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

Jump to:

Mortgage Data

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.

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

95

Origination Dollar Volume (All Markets)

$8,905,000

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) 95 $8,905,000 $93,737 $0 0.00%
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 95 $8,905,000 $93,737 $0 0.00%

    For 2021, Mon Valley Community Federal Credit Union's most frequently originated type of loan was Conventional, with 95 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 70 $6,370,000 $91,000 $0 0.00%
    Home Purchase 14 $1,370,000 $97,857 $0 0.00%
    Refi 11 $1,165,000 $105,909 $0 0.00%

    For 2021, Mon Valley Community Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 70 originations. The 2nd most popular reason was Home Purchase, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 95 $8,905,000 $93,737 $0 0.00%

    For 2021, Mon Valley Community Federal Credit Union's most frequently cited loan duration was Other, with 95 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 60 $3,150,000 $52,500 $0 0.00%
    $100k-200k 27 $3,595,000 $133,148 $0 0.00%
    $200k-400k 8 $2,160,000 $270,000 $0 0.00%

    2021 saw Mon Valley Community Federal Credit Union place emphasis on $100,000 or less loans with 60 originations, totaling $3,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $2,420,000 $71,176 $0 0.00%
    $100k-150k 22 $2,160,000 $98,182 $0 0.00%
    $75k-100k 21 $2,395,000 $114,048 $0 0.00%
    $50k-75k 10 $820,000 $82,000 $0 0.00%
    $150k-250k 7 $1,005,000 $143,571 $0 0.00%
    $250k+ 1 $105,000 $105,000 $0 0.00%

    Mon Valley Community Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $100k-150k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 95 $8,905,000 $93,737 $0 0.00%

    Mon Valley Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $8,385,000 $90,161 $0 0.00%
    Asian 2 $520,000 $260,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.12%

    Mon Valley Community Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    95.79%

    Mon Valley Community 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
    Exempt 95 $8,905,000 $93,737

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    95 $8,905,000 $93,737