Valley Communities Credit Union Mortgage Rates, Fees & Info

Mosinee, WI

LEI: 254900XLI9RP3F9A2J72

Tax ID: 39-0744482

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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, and Green Bay among others. We have data for 5 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 an 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.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
15 Year Conventional Purchase	5.96%	4/28/24
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

223

Origination Dollar Volume (All Markets)

$19,075,000

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
Wisconsin Rapids-Marshfield, WI (FHA\|USDA\|VA)	88	$6,440,000	$73,182	$522	4.69%
WAUSAU-WESTON, WI (FHA\|USDA\|VA)	68	$6,140,000	$90,294	$598	4.78%
Stevens Point, WI (FHA\|USDA\|VA)	39	$3,995,000	$102,436	$472	4.60%
Outside of Metro Areas	27	$2,325,000	$86,111	$609	4.84%
GREEN BAY, WI (FHA\|USDA\|VA)	1	$175,000	$175,000	$1,200	4.20%

Valley Communities Credit Union's top markets include Wisconsin Rapids, Wausau, Stevens Point, and Green Bay among others.

Their top states include:

Wisconsin (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	223	$19,075,000	$85,538	$550	4.72%

For 2018, Valley Communities Credit Union's most frequently originated type of loan was Conventional, with 223 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Cash Out Refi	138	$12,190,000	$88,333	$441	4.62%
Home Purchase	43	$4,625,000	$107,558	$1,106	4.73%
Other	34	$1,640,000	$48,235	$360	5.19%
Refi	6	$560,000	$93,333	$230	4.30%
Home Improvement	2	$60,000	$30,000	$280	4.40%

For 2018, Valley Communities Credit Union's most frequently cited loan purpose was Cash Out Refi, with 138 originations. The 2nd most popular reason was Home Purchase, with 43 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	97	$9,605,000	$99,021	$678	4.79%
10 Year	58	$4,290,000	$73,966	$464	4.90%
15 Year	50	$4,670,000	$93,400	$498	4.60%
5 Year	18	$510,000	$28,333	$277	4.09%

For 2018, Valley Communities Credit Union's most frequently cited loan duration was Other, with 97 originations. The 2nd most popular length was 10 Year, with 58 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	223	$19,075,000	$85,538

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 223 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	124	$12,070,000	$97,339
5-6%	65	$4,515,000	$69,462
3-4%	28	$2,400,000	$85,714
6-7%	6	$90,000	$15,000

During 2018, Valley Communities Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 124 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	147	$8,255,000	$56,156	$453	4.82%
$100k-200k	66	$8,500,000	$128,788	$691	4.57%
$200k-400k	10	$2,320,000	$232,000	$1,041	4.14%

2018 saw Valley Communities Credit Union place emphasis on $100,000 or less loans with 147 originations, totaling $8,255,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	67	$4,605,000	$68,731	$494	4.80%
$50k-75k	62	$4,730,000	$76,290	$546	4.77%
$75k-100k	52	$4,940,000	$95,000	$575	4.74%
$100k-150k	36	$4,040,000	$112,222	$620	4.48%
$150k-250k	4	$620,000	$155,000	$629	4.30%
$250k+	2	$140,000	$70,000	$498	4.85%

Valley Communities Credit Union lent most frequently to those with incomes in the $50k or less range, with 67 originations. The second most popular income band? $50k-75k, with 62 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
<20%	150	$12,550,000	$83,667	$560	4.72%
20-30%	48	$4,340,000	$90,417	$527	4.67%
30-36%	12	$1,030,000	$85,833	$423	4.60%
>60%	5	$605,000	$121,000	$761	4.86%
36%	4	$210,000	$52,500	$529	5.30%
46%	2	$100,000	$50,000	$468	4.70%
39%	1	$65,000	$65,000	$270	4.35%
42%	1	$175,000	$175,000	$1,200	4.20%

Valley Communities Credit Union lent most frequently to those with DTI ratios of <20%, with 150 originations. The next most common DTI ratio? 20-30%, with 48 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	217	$18,525,000	$85,369	$543	4.70%
Asian	6	$550,000	$91,667	$798	5.15%

Approval Rates

Total approvals of all applications
82.99%

Valley Communities Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
90.58%

Valley Communities Credit Union has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	223	$19,075,000	$85,538

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	5	$245,000	$49,000
Single Family (1-4 Units):Site-Built	218	$18,830,000	$86,376

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	20	$860,000	$43,000	$304	4.38%
40-60%	44	$3,270,000	$74,318	$340	4.56%
60-80%	105	$10,655,000	$101,476	$621	4.68%
80-100%	29	$3,355,000	$115,690	$908	4.85%
Over 100%	3	$435,000	$145,000	$1,058	4.58%
Under 20%	20	$360,000	$18,000	$207	5.38%