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 Home Purchase, Cash Out Refi, and Refi loans. Onpath Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Gulfport, Pensacola, Hammond, and Crestview among others. We have data for 12 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
179Origination Dollar Volume (All Markets)
$53,065,000Top 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) | 155 | $46,175,000 | $297,903 | $0 | 5.48% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 6 | $2,090,000 | $348,333 | $0 | 5.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 6.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 5 | $675,000 | $135,000 | $0 | 5.75% |
| Outside of Metro Areas | 2 | $560,000 | $280,000 | $0 | 4.50% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 175 | $50,225,000 | $287,000 | $0 | 5.44% |
| HELOC | 4 | $2,840,000 | $710,000 | n/a | 5.75% |
For 2022, Onpath Federal Credit Union's most frequently originated type of loan was Conventional, with 175 originations. Their 2nd most popular type was HELOC, with 4 originations.
Loan Reason
For 2022, Onpath Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 176 | $52,480,000 | $298,182 | $0 | 5.50% |
| 5 Year | 3 | $585,000 | $195,000 | $0 | 4.92% |
For 2022, Onpath Federal Credit Union's most frequently cited loan duration was Other, with 176 originations. The 2nd most popular length was 5 Year, with 3 originations.
Interest Rates
During 2022, Onpath Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 23 originations.
Loan Sizing
2022 saw Onpath Federal Credit Union place emphasis on $200k-400k loans with 57 originations, totaling $16,715,000 in origination value.
Applicant Income
Onpath Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $100k-150k, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.27%
Onpath Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.80%
Onpath Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 179 | $53,065,000 | $296,453 |