Chrome Federal Credit Union Mortgage Rates, Fees & Info

WASHINGTON, PA

LEI: 5493000VGTLMMLXLP518

Tax ID: 25-6133620

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Chrome Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Chrome Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.

    Chrome 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

    111

    Origination Dollar Volume (All Markets)

    $11,455,000

    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
    PITTSBURGH, PA (FHA|USDA|VA) 107 $11,285,000 $105,467 $0 0.00%
    Outside of Metro Areas 4 $170,000 $42,500 $0 0.00%
    Chrome Federal Credit Union's top markets include and Pittsburgh among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 111 $11,455,000 $103,198 $0 0.00%

    For 2024, Chrome Federal Credit Union's most frequently originated type of loan was Conventional, with 111 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 39 $5,835,000 $149,615 $0 0.00%
    Other 34 $2,040,000 $60,000 $0 0.00%
    Refi 18 $2,040,000 $113,333 $0 0.00%
    Home Improvement 16 $1,220,000 $76,250 $0 0.00%
    Home Purchase 4 $320,000 $80,000 $0 0.00%

    For 2024, Chrome Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 39 originations. The 2nd most popular reason was Other, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 111 $11,455,000 $103,198 $0 0.00%

    For 2024, Chrome Federal Credit Union's most frequently cited loan duration was Other, with 111 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 58 $3,150,000 $54,310 $0 0.00%
    $100k-200k 43 $5,765,000 $134,070 $0 0.00%
    $200k-400k 9 $2,055,000 $228,333 $0 0.00%
    $400k-600k 1 $485,000 $485,000 $0 0.00%

    2024 saw Chrome Federal Credit Union place emphasis on $100,000 or less loans with 58 originations, totaling $3,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 19 $2,125,000 $111,842 $0 0.00%
    $50k or less 18 $960,000 $53,333 $0 0.00%
    $100k-150k 17 $1,195,000 $70,294 $0 0.00%
    $150k-250k 8 $750,000 $93,750 $0 0.00%
    $50k-75k 7 $305,000 $43,571 $0 0.00%

    Chrome Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 19 originations. The second most popular income band? $50k or less, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 111 $11,455,000 $103,198 $0 0.00%

    Chrome Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 42 $6,120,000 $145,714 $0 0.00%
    White 66 $5,090,000 $77,121 $0 0.00%
    Black 2 $130,000 $65,000 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.62%

    Chrome Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.98%

    Chrome Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 111 $11,455,000 $103,198

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    111 $11,455,000 $103,198