Pathways Financial Credit Union Mortgage Rates, Fees & Info

Columbus, OH

LEI: 254900YSYHBYDFRVT153

Tax ID: 23-7247091

5 stars - Updated: 11/21/24 - out of 5 stars, based on 13 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Pathways Financial Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Pathways Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Cincinnati, Dayton, Marion, and Bellefontaine among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pathways Financial 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. Pathways Financial Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

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    Originations

    165

    Origination Dollar Volume (All Markets)

    $26,825,000

    Awards

    Pathways Financial Credit Union 30 Year Conventional Loans silver Pathways Financial Credit Union 30 Year Conventional Loans bronze Pathways Financial Credit Union 30 Year Conventional Loans gold Pathways Financial Credit Union 30 Year Conventional Loans gold
    Show all (4) awards

    Relative Rate

    Pathways Financial Credit Union's average 30 year fixed mortgage rate was 5.75%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.73%.

    Relative Fees (Closing Costs)

    Pathways Financial Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,438.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    COLUMBUS, OH (FHA|USDA|VA) 111 $20,885,000 $188,153 $2,667 6.25%
    Outside of Metro Areas 12 $930,000 $77,500 $1,592 6.36%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $815,000 $116,429 $1,546 6.64%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 6 $720,000 $120,000 $2,754 6.71%
    Marion, OH (FHA|USDA|VA) 3 $505,000 $168,333 $3,350 7.13%
    Bellefontaine, OH (FHA|USDA|VA) 2 $500,000 $250,000 $3,832 5.19%
    Maysville, KY (FHA|USDA|VA) 4 $430,000 $107,500 $3,255 6.31%
    Ashland, OH (FHA|USDA|VA) 1 $335,000 $335,000 $2,438 5.00%
    AKRON, OH (FHA|USDA|VA) 2 $320,000 $160,000 $3,004 6.25%
    SPRINGFIELD, OH (FHA|USDA|VA) 4 $300,000 $75,000 $679 7.50%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $265,000 $265,000 $3,086 6.88%
    Chillicothe, OH (FHA|USDA|VA) 3 $215,000 $71,667 $1,510 7.13%
    Zanesville, OH (FHA|USDA|VA) 1 $145,000 $145,000 $2,941 7.00%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $120,000 $60,000 $235 7.75%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $95,000 $95,000 $2,878 2.00%
    Urbana, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.00%
    LIMA, OH (FHA|USDA|VA) 1 $65,000 $65,000 $229 6.50%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $45,000 $45,000 $224 7.25%
    Coshocton, OH (FHA|USDA|VA) 1 $25,000 $25,000 $389 6.50%
    Cambridge, OH (FHA|USDA|VA) 1 $15,000 $15,000 $229 6.50%
    Pathways Financial Credit Union's top markets include Columbus, Cincinnati, Dayton, Marion, and Bellefontaine among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Pathways Financial Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Fidelity Federal Savings and Loan Association
    Similarity Rank: 210
    The Community Bank
    Similarity Rank: 216
    Pathways Financial Credit Union, Inc.
    Similarity Rank: 440
    First Federal Savings and Loan Association
    Similarity Rank: 496
    The Merchants National Bank
    Similarity Rank: 630
    TrueCore Federal Credit Union
    Similarity Rank: 690
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 780
    BMI Federal Credit Union
    Similarity Rank: 783
    CME Federal Credit Union
    Similarity Rank: 990
    THE VINTON COUNTY NATIONAL BANK
    Similarity Rank: 1417

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 165 $26,825,000 $162,576 $2,443 6.34%

    For 2023, Pathways Financial Credit Union's most frequently originated type of loan was Conventional, with 165 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $18,990,000 $256,622 $3,873 5.85%
    Cash Out Refi 71 $6,635,000 $93,451 $1,081 6.84%
    Refi 18 $1,030,000 $57,222 $1,378 6.27%
    Home Improvement 1 $115,000 $115,000 $1,555 8.25%
    Other 1 $55,000 $55,000 $345 6.50%

    For 2023, Pathways Financial Credit Union's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Cash Out Refi, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 86 $20,700,000 $240,698 $3,438 5.75%
    15 Year 43 $2,905,000 $67,558 $846 7.15%
    10 Year 22 $1,000,000 $45,455 $425 7.20%
    5 Year 8 $250,000 $31,250 $385 6.63%
    30+ year 4 $1,560,000 $390,000 $8,301 4.50%
    20 Year 2 $410,000 $205,000 $4,330 7.38%

    For 2023, Pathways Financial Credit Union's most frequently cited loan duration was 30 Year, with 86 originations. The 2nd most popular length was 15 Year, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 140 $22,500,000 $160,714
    $1k-2k 12 $1,230,000 $102,500
    $2k-3k 6 $800,000 $133,333
    $3k-4k 4 $930,000 $232,500
    $5k+ 2 $1,160,000 $580,000
    $4k-5k 1 $205,000 $205,000

    Pathways Financial Credit Union's average total fees were $3,438, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 140 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 45 $12,135,000 $269,667
    7-8% 45 $3,995,000 $88,778
    6-7% 44 $4,960,000 $112,727
    5-6% 21 $4,955,000 $235,952
    Over 8% 9 $685,000 $76,111
    <2.5% 1 $95,000 $95,000

    During 2023, Pathways Financial Credit Union's average interest rate for loans was 5.75%, while their most frequently originated rate bucket for loans was 4-5%, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 78 $4,080,000 $52,308 $978 6.99%
    $200k-400k 46 $12,730,000 $276,739 $3,638 5.68%
    $100k-200k 29 $4,175,000 $143,966 $3,141 6.12%
    $400k-600k 10 $4,530,000 $453,000 $4,581 5.20%
    $600k-1MM 2 $1,310,000 $655,000 $7,469 5.25%

    2023 saw Pathways Financial Credit Union place emphasis on $100,000 or less loans with 78 originations, totaling $4,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 48 $7,990,000 $166,458 $2,162 6.43%
    $50k-75k 32 $3,790,000 $118,438 $2,164 6.24%
    $75k-100k 28 $4,670,000 $166,786 $2,738 6.17%
    $50k or less 25 $1,975,000 $79,000 $2,311 6.57%
    $150k-250k 24 $4,880,000 $203,333 $2,585 6.61%
    $250k+ 6 $3,020,000 $503,333 $5,004 5.17%

    Pathways Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $50k-75k, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 142 $21,410,000 $150,775 $2,388 6.41%
    Asian 10 $3,280,000 $328,000 $3,445 5.73%
    Black 13 $2,135,000 $164,231 $2,222 6.09%

    Approval Rates

    Total approvals of all applications
    77.20%

    Pathways Financial Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.03%

    Pathways Financial Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 165 $26,825,000 $162,576

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    165 $26,825,000 $162,576