C-b-w Schools Federal Credit Union Mortgage Rates, Fees & Info
Sidman, PALEI: 254900YVNHCJ44QMIS36
Tax ID: 25-1102344
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Mortgage Data
Review & Overview
C-b-w Schools Federal Credit Union is a smaller credit union specializing in Cash Out Refi and 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, Altoona, and Indiana among others. We have data for 6 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 an above average pick rate when compared to similar lenders.
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Originations
63Origination Dollar Volume (All Markets)
$5,815,000Top 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 |
|---|---|---|---|---|---|
| JOHNSTOWN, PA (FHA|USDA|VA) | 35 | $3,125,000 | $89,286 | $0 | 2.77% |
| Somerset, PA (FHA|USDA|VA) | 16 | $1,150,000 | $71,875 | $0 | 2.74% |
| Outside of Metro Areas | 5 | $915,000 | $183,000 | $0 | 2.66% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $0 | 2.71% |
| ALTOONA, PA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 2.70% |
| Indiana, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.09% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 63 | $5,815,000 | $92,302 | $0 | 2.75% |
For 2021, C-b-w Schools Federal Credit Union's most frequently originated type of loan was Conventional, with 63 originations.
Loan Reason
For 2021, C-b-w Schools Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 25 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
For 2021, 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 10 Year, with 17 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 63 | $5,815,000 | $92,302 |
C-b-w Schools Federal 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 63 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 43 | $3,885,000 | $90,349 |
| <2.5% | 10 | $810,000 | $81,000 |
| 3-4% | 10 | $1,120,000 | $112,000 |
During 2021, 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 2.5-3%, with 43 originations.
Loan Sizing
2021 saw C-b-w Schools Federal Credit Union place emphasis on $100,000 or less loans with 41 originations, totaling $2,465,000 in origination value.
Applicant Income
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 13 originations.
Applicant Debt to Income Ratio
C-b-w Schools Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? <20%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.06%
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 origination96.83%
C-b-w Schools Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 63 | $5,815,000 | $92,302 |