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 Cash Out Refi loans. Onpath Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, Houma, Hammond, and Daphne among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Onpath Federal 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.
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Originations
237Origination Dollar Volume (All Markets)
$73,505,000Top 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) | 215 | $67,485,000 | $313,884 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $1,720,000 | $860,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 9 | $1,505,000 | $167,222 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 7 | $1,395,000 | $199,286 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Picayune, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 224 | $67,480,000 | $301,250 | $0 | 0.00% |
| HELOC | 13 | $6,025,000 | $463,462 | n/a | 0.00% |
For 2020, Onpath Federal Credit Union's most frequently originated type of loan was Conventional, with 224 originations. Their 2nd most popular type was HELOC, with 13 originations.
Loan Reason
For 2020, Onpath Federal Credit Union's most frequently cited loan purpose was Refi, with 117 originations. The 2nd most popular reason was Cash Out Refi, with 65 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 237 | $73,505,000 | $310,148 | $0 | 0.00% |
For 2020, Onpath Federal Credit Union's most frequently cited loan duration was Other, with 237 originations.
Loan Sizing
2020 saw Onpath Federal Credit Union place emphasis on $100k-200k loans with 69 originations, totaling $10,185,000 in origination value.
Applicant Income
Onpath Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 47 originations. The second most popular income band? $150k-250k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 237 | $73,505,000 | $310,148 | $0 | 0.00% |
Onpath Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 237 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.24%
Onpath Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination87.34%
Onpath Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 237 | $73,505,000 | $310,148 |