Valley Communities Credit Union Mortgage Rates, Fees & Info
Mosinee, WILEI: 254900XLI9RP3F9A2J72
Tax ID: 39-0744482
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Valley Communities Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Valley Communities Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Wisconsin Rapids, Wausau, Stevens Point, Madison, and Fond Du Lac among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Valley Communities Credit Union has an average approval rate when compared to the average across all lenders. They have a below 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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
15 Year Conventional Purchase | 5.96% | 10/31/24 |
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. |
Valley Communities Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Valley Communities Credit Union. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
174Origination Dollar Volume (All Markets)
$19,400,000Top 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 |
---|---|---|---|---|---|
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 67 | $6,885,000 | $102,761 | $1,150 | 4.74% |
WAUSAU-WESTON, WI (FHA|USDA|VA) | 54 | $6,500,000 | $120,370 | $1,274 | 5.03% |
Stevens Point, WI (FHA|USDA|VA) | 25 | $2,675,000 | $107,000 | $1,050 | 4.79% |
Outside of Metro Areas | 25 | $2,645,000 | $105,800 | $1,191 | 5.20% |
MADISON, WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,895 | 2.79% |
FOND DU LAC, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,240 | 3.04% |
Shawano, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,900 | 4.40% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 174 | $19,400,000 | $111,494 | $1,201 | 4.88% |
For 2022, Valley Communities Credit Union's most frequently originated type of loan was Conventional, with 174 originations.
Loan Reason
For 2022, Valley Communities Credit Union's most frequently cited loan purpose was Cash Out Refi, with 110 originations. The 2nd most popular reason was Other, with 35 originations.
Loan Duration/Length
For 2022, Valley Communities Credit Union's most frequently cited loan duration was 15 Year, with 71 originations. The 2nd most popular length was Other, with 50 originations.
Origination Fees/Closing Costs
Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
---|---|---|---|
$<1k | 171 | $19,335,000 | $113,070 |
Valley Communities 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 171 originations.
Interest Rates
During 2022, Valley Communities Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 47 originations.
Loan Sizing
2022 saw Valley Communities Credit Union place emphasis on $100,000 or less loans with 84 originations, totaling $4,790,000 in origination value.
Applicant Income
Valley Communities Credit Union lent most frequently to those with incomes in the $50k or less range, with 48 originations. The second most popular income band? $50k-75k, with 44 originations.
Applicant Debt to Income Ratio
Valley Communities Credit Union lent most frequently to those with DTI ratios of 20-30%, with 67 originations. The next most common DTI ratio? <20%, with 34 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.13%
Valley Communities Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination82.18%
Valley Communities Credit Union has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 174 | $19,400,000 | $111,494 |