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 and Home Purchase 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

    96

    Origination Dollar Volume (All Markets)

    $9,040,000

    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 $8,925,000 $93,947 $0 0.00%
    Outside of Metro Areas 1 $115,000 $115,000 $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 96 $9,040,000 $94,167 $0 0.00%

    For 2022, Mon Valley Community Federal Credit Union's most frequently originated type of loan was Conventional, with 96 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 64 $4,850,000 $75,781 $0 0.00%
    Home Purchase 19 $2,895,000 $152,368 $0 0.00%
    Refi 13 $1,295,000 $99,615 $0 0.00%

    For 2022, Mon Valley Community Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 64 originations. The 2nd most popular reason was Home Purchase, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 96 $9,040,000 $94,167 $0 0.00%

    For 2022, Mon Valley Community Federal Credit Union's most frequently cited loan duration was Other, with 96 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,225,000 $49,615 $0 0.00%
    $100k-200k 19 $2,555,000 $134,474 $0 0.00%
    $200k-400k 12 $3,260,000 $271,667 $0 0.00%

    2022 saw Mon Valley Community Federal Credit Union place emphasis on $100,000 or less loans with 65 originations, totaling $3,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 28 $1,480,000 $52,857 $0 0.00%
    $100k-150k 26 $2,220,000 $85,385 $0 0.00%
    $50k-75k 17 $2,385,000 $140,294 $0 0.00%
    $75k-100k 14 $1,210,000 $86,429 $0 0.00%
    $150k-250k 8 $1,260,000 $157,500 $0 0.00%
    $250k+ 3 $485,000 $161,667 $0 0.00%

    Mon Valley Community Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $100k-150k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 96 $9,040,000 $94,167 $0 0.00%

    Mon Valley Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $9,025,000 $95,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.28%

    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
    94.79%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 96 $9,040,000 $94,167

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    96 $9,040,000 $94,167