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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Valley Communities Credit Union is a smaller credit union specializing in Cash Out Refi loans. Valley Communities Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Wisconsin Rapids, Stevens Point, Oshkosh, and Shawano 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Purchase 5.96% 11/21/24
    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

    343

    Origination Dollar Volume (All Markets)

    $33,155,000

    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
    WAUSAU-WESTON, WI (FHA|USDA|VA) 121 $11,645,000 $96,240 $573 3.79%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 120 $10,530,000 $87,750 $602 3.79%
    Stevens Point, WI (FHA|USDA|VA) 57 $6,495,000 $113,947 $552 3.68%
    Outside of Metro Areas 42 $4,080,000 $97,143 $687 3.84%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $185,000 $185,000 $750 3.74%
    Shawano, WI (FHA|USDA|VA) 1 $135,000 $135,000 $259 4.74%
    GREEN BAY, WI (FHA|USDA|VA) 1 $85,000 $85,000 $1,645 3.59%
    Valley Communities Credit Union's top markets include Wausau, Wisconsin Rapids, Stevens Point, Oshkosh, and Shawano among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 343 $33,155,000 $96,662 $596 3.78%

    For 2020, Valley Communities Credit Union's most frequently originated type of loan was Conventional, with 343 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 272 $27,370,000 $100,625 $533 3.71%
    Other 33 $1,855,000 $56,212 $483 4.13%
    Home Purchase 29 $3,495,000 $120,517 $1,362 3.83%
    Refi 8 $400,000 $50,000 $426 4.47%
    Home Improvement 1 $35,000 $35,000 $600 4.59%

    For 2020, Valley Communities Credit Union's most frequently cited loan purpose was Cash Out Refi, with 272 originations. The 2nd most popular reason was Other, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 131 $12,285,000 $93,779 $565 3.67%
    15 Year 111 $12,035,000 $108,423 $621 3.90%
    Other 68 $7,560,000 $111,176 $737 3.88%
    5 Year 32 $1,240,000 $38,750 $358 3.61%
    3 Year 1 $35,000 $35,000 $260 3.59%

    For 2020, Valley Communities Credit Union's most frequently cited loan duration was 10 Year, with 131 originations. The 2nd most popular length was 15 Year, with 111 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 340 $32,920,000 $96,824

    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 340 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 216 $20,940,000 $96,944
    4-5% 101 $8,625,000 $85,396
    2.5-3% 17 $3,135,000 $184,412
    5-6% 9 $455,000 $50,556

    During 2020, 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 216 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 197 $11,635,000 $59,061 $471 3.86%
    $100k-200k 129 $17,535,000 $135,930 $724 3.72%
    $200k-400k 17 $3,985,000 $234,412 $1,090 3.29%

    2020 saw Valley Communities Credit Union place emphasis on $100,000 or less loans with 197 originations, totaling $11,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 95 $8,715,000 $91,737 $560 3.88%
    $50k or less 87 $6,815,000 $78,333 $551 3.84%
    $75k-100k 71 $6,465,000 $91,056 $626 3.74%
    $100k-150k 59 $7,265,000 $123,136 $659 3.62%
    $150k-250k 21 $2,785,000 $132,619 $624 3.58%
    $250k+ 6 $760,000 $126,667 $707 3.79%

    Valley Communities Credit Union lent most frequently to those with incomes in the $50k-75k range, with 95 originations. The second most popular income band? $50k or less, with 87 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 106 $10,270,000 $96,887 $624 3.78%
    <20% 84 $7,190,000 $85,595 $581 3.64%
    30-36% 59 $6,445,000 $109,237 $629 3.85%
    50-60% 17 $1,515,000 $89,118 $559 3.82%
    43% 9 $935,000 $103,889 $428 4.03%
    40% 9 $1,115,000 $123,889 $593 3.67%
    38% 8 $850,000 $106,250 $392 3.87%
    39% 7 $495,000 $70,714 $349 3.90%
    36% 7 $745,000 $106,429 $778 3.66%
    37% 6 $680,000 $113,333 $675 3.65%
    >60% 5 $365,000 $73,000 $643 4.32%
    42% 5 $585,000 $117,000 $440 3.44%
    44% 5 $465,000 $93,000 $356 4.13%
    47% 4 $330,000 $82,500 $651 3.83%
    41% 4 $300,000 $75,000 $535 3.88%
    46% 3 $425,000 $141,667 $880 3.89%
    45% 2 $130,000 $65,000 $682 3.52%
    48% 1 $145,000 $145,000 $1,000 4.68%

    Valley Communities Credit Union lent most frequently to those with DTI ratios of 20-30%, with 106 originations. The next most common DTI ratio? <20%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 331 $32,135,000 $97,085 $594 3.77%
    Asian 7 $535,000 $76,429 $625 3.85%
    Not applicable 4 $450,000 $112,500 $843 4.11%
    Not provided 1 $35,000 $35,000 $275 4.09%

    Approval Rates

    Total approvals of all applications
    93.37%

    Valley Communities Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.29%

    Valley Communities Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 343 $33,155,000 $96,662

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $285,000 $40,714
    Single Family (1-4 Units):Site-Built 336 $32,870,000 $97,827

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $2,220,000 $52,857 $427 3.62%
    40-60% 89 $7,715,000 $86,685 $470 3.61%
    60-80% 149 $16,865,000 $113,188 $655 3.84%
    80-100% 34 $4,820,000 $141,765 $970 3.85%
    Over 100% 6 $980,000 $163,333 $1,037 3.58%
    Under 20% 23 $555,000 $24,130 $351 4.24%