Chrome Federal Credit Union Mortgage Rates, Fees & Info

WASHINGTON, PA

LEI: 5493000VGTLMMLXLP518

Tax ID: 25-6133620

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

Jump to:

Mortgage Data

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 two markets are Pittsburgh and Somerset .

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.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

113

Origination Dollar Volume (All Markets)

$12,645,000

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) 108 $12,220,000 $113,148 $0 0.00%
Outside of Metro Areas 4 $390,000 $97,500 $0 0.00%
Somerset, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Chrome Federal Credit Union's top markets include Pittsburgh and Somerset among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 113 $12,645,000 $111,903 $0 0.00%

    For 2023, Chrome Federal Credit Union's most frequently originated type of loan was Conventional, with 113 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 32 $2,410,000 $75,313 $0 0.00%
    Cash Out Refi 32 $5,960,000 $186,250 $0 0.00%
    Home Improvement 27 $1,435,000 $53,148 $0 0.00%
    Refi 17 $2,245,000 $132,059 $0 0.00%
    Home Purchase 5 $595,000 $119,000 $0 0.00%

    For 2023, Chrome Federal Credit Union's most frequently cited loan purpose was Other, with 32 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 113 $12,645,000 $111,903 $0 0.00%

    For 2023, Chrome Federal Credit Union's most frequently cited loan duration was Other, with 113 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,555,000 $54,692 $0 0.00%
    $100k-200k 31 $4,085,000 $131,774 $0 0.00%
    $200k-400k 15 $3,845,000 $256,333 $0 0.00%
    $400k-600k 1 $515,000 $515,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2023 saw Chrome Federal Credit Union place emphasis on $100,000 or less loans with 65 originations, totaling $3,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $1,720,000 $86,000 $0 0.00%
    $50k-75k 17 $1,195,000 $70,294 $0 0.00%
    $50k or less 12 $590,000 $49,167 $0 0.00%
    $75k-100k 11 $995,000 $90,455 $0 0.00%
    $150k-250k 9 $975,000 $108,333 $0 0.00%
    $250k+ 2 $260,000 $130,000 $0 0.00%

    Chrome Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 42 $6,910,000 $164,524 $0 0.00%
    White 66 $5,340,000 $80,909 $0 0.00%
    Not provided 2 $260,000 $130,000 $0 0.00%
    Black 3 $135,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.54%

    Chrome Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.99%

    Chrome Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 113 $12,645,000 $111,903

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    113 $12,645,000 $111,903