Mon Valley Community Federal Credit Union Mortgage Rates, Fees & Info
Allenport, PALEI: 254900VZM7V5ZDUJAQ32
Tax ID: 25-0974253
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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.
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Originations
95Origination Dollar Volume (All Markets)
$8,905,000Top 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) | 95 | $8,905,000 | $93,737 | $0 | 0.00% |
Their top states include:
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
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
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 applications96.12%
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 origination95.79%
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 |