Onpath Federal Credit Union Mortgage Rates, Fees & Info
Harahan, LALEI: 254900ZKVJDEYHV22276
Tax ID: 72-0838126
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Mortgage Data
Review & Overview
Onpath Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Onpath Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Houma, Hammond, Baton Rouge, and Gulfport among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Onpath Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.45% | 4/17/25 |
| 15 Year Conventional Purchase | 7.59% | 4/17/25 |
| 15 Year Conventional Refi | 8.13% | 4/17/25 |
| 15 Year Cash-out Refi | 8.13% | 4/17/25 |
| 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
100Origination Dollar Volume (All Markets)
$22,920,000Top 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 |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 91 | $21,575,000 | $237,088 | $0 | 9.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $0 | 9.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 9.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 100 | $22,920,000 | $229,200 | $0 | 9.00% |
For 2019, Onpath Federal Credit Union's most frequently originated type of loan was Conventional, with 100 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 50 | $14,050,000 | $281,000 | $0 | 9.00% |
| Home Purchase | 45 | $8,185,000 | $181,889 | $0 | 9.00% |
| Cash Out Refi | 5 | $685,000 | $137,000 | $0 | 9.00% |
For 2019, Onpath Federal Credit Union's most frequently cited loan purpose was Refi, with 50 originations. The 2nd most popular reason was Home Purchase, with 45 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 100 | $22,920,000 | $229,200 | $0 | 9.00% |
For 2019, Onpath Federal Credit Union's most frequently cited loan duration was Other, with 100 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 100 | $22,920,000 | $229,200 |
During 2019, Onpath Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 100 originations.
Loan Sizing
2019 saw Onpath Federal Credit Union place emphasis on $100k-200k loans with 30 originations, totaling $3,970,000 in origination value.
Applicant Income
Onpath Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $100k-150k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 100 | $22,920,000 | $229,200 | $0 | 9.00% |
Onpath Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 100 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.54%
Onpath Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination85.00%
Onpath Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 100 | $22,920,000 | $229,200 |