C-b-w Schools Federal Credit Union Mortgage Rates, Fees & Info

Sidman, PA

LEI: 254900YVNHCJ44QMIS36

Tax ID: 25-1102344

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

    C-b-w Schools Federal Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. C-b-w Schools Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Johnstown, Somerset, Pittsburgh, Indiana, and State College among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    C-b-w Schools Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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    Originations

    57

    Origination Dollar Volume (All Markets)

    $5,845,000

    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
    JOHNSTOWN, PA (FHA|USDA|VA) 34 $3,140,000 $92,353 $467 3.16%
    Outside of Metro Areas 9 $1,155,000 $128,333 $447 3.16%
    Somerset, PA (FHA|USDA|VA) 10 $940,000 $94,000 $1,043 3.09%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $405,000 $405,000 $726 3.05%
    Indiana, PA (FHA|USDA|VA) 1 $85,000 $85,000 $217 3.19%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $75,000 $75,000 $592 3.25%
    DuBois, PA (FHA|USDA|VA) 1 $45,000 $45,000 $577 2.75%
    C-b-w Schools Federal Credit Union's top markets include Johnstown, Somerset, Pittsburgh, Indiana, and State College among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 57 $5,845,000 $102,544 $569 3.14%

    For 2020, C-b-w Schools Federal Credit Union's most frequently originated type of loan was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 23 $2,245,000 $97,609 $475 3.16%
    Cash Out Refi 21 $2,845,000 $135,476 $458 3.07%
    Home Improvement 6 $310,000 $51,667 $501 3.20%
    Home Purchase 4 $310,000 $77,500 $1,919 3.16%
    Other 3 $135,000 $45,000 $404 3.38%

    For 2020, C-b-w Schools Federal Credit Union's most frequently cited loan purpose was Refi, with 23 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 19 $2,015,000 $106,053 $611 3.35%
    15 Year 17 $1,855,000 $109,118 $452 3.13%
    10 Year 16 $1,650,000 $103,125 $670 2.94%
    Other 3 $185,000 $61,667 $506 3.13%
    5 Year 2 $140,000 $70,000 $458 2.97%

    For 2020, C-b-w Schools Federal Credit Union's most frequently cited loan duration was 20 Year, with 19 originations. The 2nd most popular length was 15 Year, with 17 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 41 $4,365,000 $106,463
    2.5-3% 16 $1,480,000 $92,500

    During 2020, C-b-w Schools Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 34 $2,030,000 $59,706 $562 3.13%
    $100k-200k 18 $2,360,000 $131,111 $592 3.18%
    $200k-400k 4 $1,050,000 $262,500 $489 3.15%
    $400k-600k 1 $405,000 $405,000 $726 3.05%

    2020 saw C-b-w Schools Federal Credit Union place emphasis on $100,000 or less loans with 34 originations, totaling $2,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 20 $1,560,000 $78,000 $754 3.24%
    $100k-150k 15 $1,835,000 $122,333 $500 3.09%
    $150k-250k 7 $1,005,000 $143,571 $399 3.03%
    $50k or less 7 $475,000 $67,857 $467 3.06%
    $75k-100k 7 $565,000 $80,714 $441 3.20%
    $250k+ 1 $405,000 $405,000 $726 3.05%

    C-b-w Schools Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 24 $2,510,000 $104,583 $565 3.16%
    <20% 21 $1,945,000 $92,619 $456 3.11%
    30-36% 7 $755,000 $107,857 $529 3.16%
    37% 2 $420,000 $210,000 $529 3.45%
    36% 1 $105,000 $105,000 $3,559 3.19%
    39% 1 $75,000 $75,000 $509 3.09%
    43% 1 $35,000 $35,000 $487 2.75%

    C-b-w Schools Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? <20%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 56 $5,700,000 $101,786 $571 3.15%
    Asian 1 $145,000 $145,000 $445 2.75%

    Approval Rates

    Total approvals of all applications
    96.92%

    C-b-w Schools 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
    89.47%

    C-b-w Schools Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 57 $5,845,000 $102,544

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 57 $5,845,000 $102,544

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $705,000 $64,091 $474 3.07%
    40-60% 11 $1,055,000 $95,909 $644 3.36%
    60-80% 17 $2,235,000 $131,471 $501 3.12%
    80-100% 15 $1,775,000 $118,333 $673 3.11%
    Under 20% 3 $75,000 $25,000 $512 2.90%