Onpath Federal Credit Union Mortgage Rates, Fees & Info
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Tax ID: 72-0838126
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Mortgage Data
Review & Overview
Onpath Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Onpath Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Hammond, Gulfport, and Cookeville among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Onpath 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. Onpath Federal 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.45% | 4/5/25 |
| 15 Year Conventional Purchase | 7.59% | 4/5/25 |
| 15 Year Conventional Refi | 8.13% | 4/5/25 |
| 15 Year Cash-out Refi | 8.13% | 4/5/25 |
| 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. | ||
Onpath Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
179Origination Dollar Volume (All Markets)
$37,345,000Awards
Onpath Federal Credit Union - 2024
Onpath Federal Credit Union is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Onpath Federal Credit Union's average 30 year fixed mortgage rate was
6.36%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.19%.
Relative Fees (Closing Costs)
Onpath Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,052.
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 $8,356.
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 |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 111 | $24,175,000 | $217,793 | $4,384 | 7.18% |
| BATON ROUGE, LA (FHA|USDA|VA) | 35 | $7,715,000 | $220,429 | $5,389 | 6.72% |
| HAMMOND, LA (FHA|USDA|VA) | 19 | $2,525,000 | $132,895 | $3,348 | 7.13% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $3,109 | 10.29% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,557 | 6.00% |
| Bogalusa, LA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $2,880 | 6.43% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Onpath Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 12
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 177 | $37,135,000 | $209,802 | $4,477 | 7.04% |
| HELOC | 2 | $210,000 | $105,000 | n/a | 7.50% |
For 2024, Onpath Federal Credit Union's most frequently originated type of loan was Conventional, with 177 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
For 2024, Onpath Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.
Loan Duration/Length
For 2024, Onpath Federal Credit Union's most frequently cited loan duration was Other, with 67 originations. The 2nd most popular length was 20 Year, with 37 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 112 | $19,850,000 | $177,232 |
Onpath Federal Credit Union's average total fees were $5,052, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 112 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 47 | $10,835,000 | $230,532 |
| 6-7% | 41 | $6,885,000 | $167,927 |
| Over 8% | 22 | $2,970,000 | $135,000 |
| 7-8% | 17 | $2,055,000 | $120,882 |
During 2024, Onpath Federal Credit Union's average interest rate for loans was 6.36%, while their most frequently originated rate bucket for loans was 5-6%, with 47 originations.
Loan Sizing
2024 saw Onpath Federal Credit Union place emphasis on $200k-400k loans with 71 originations, totaling $19,515,000 in origination value.
Applicant Income
Onpath Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 45 originations. The second most popular income band? $100k-150k, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.16%
Onpath Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination82.12%
Onpath Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 179 | $37,345,000 | $208,631 |