Western Sun Fcu Mortgage Rates, Fees & Info

Broken Arrow, OK

LEI: 54930037ZQUSJHCXY666

Tax ID: 73-0669017

Latest/2023 | 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
  • Complaints
  • 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

    Western Sun Fcu is a smaller credit union specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Western Sun Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Houston, and Ada among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Western Sun Fcu 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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    Originations

    54

    Origination Dollar Volume (All Markets)

    $3,810,000

    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
    TULSA, OK (FHA|USDA|VA) 52 $3,550,000 $68,269 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Ada, OK (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Western Sun Fcu's top markets include Tulsa, Houston, and Ada among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 51 $3,335,000 $65,392 $0 0.00%
    VA 3 $475,000 $158,333 $0 0.00%

    For 2018, Western Sun Fcu's most frequently originated type of loan was Conventional, with 51 originations. Their 2nd most popular type was VA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 30 $1,010,000 $33,667 $0 0.00%
    Cash Out Refi 10 $1,050,000 $105,000 $0 0.00%
    Home Purchase 7 $1,255,000 $179,286 $0 0.00%
    Refi 7 $495,000 $70,714 $0 0.00%

    For 2018, Western Sun Fcu's most frequently cited loan purpose was Home Improvement, with 30 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $3,810,000 $70,556 $0 0.00%

    For 2018, Western Sun Fcu's most frequently cited loan duration was Other, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $1,560,000 $39,000 $0 0.00%
    $100k-200k 12 $1,750,000 $145,833 $0 0.00%
    $200k-400k 2 $500,000 $250,000 $0 0.00%

    2018 saw Western Sun Fcu place emphasis on $100,000 or less loans with 40 originations, totaling $1,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $1,545,000 $90,882 $0 0.00%
    $50k or less 13 $725,000 $55,769 $0 0.00%
    $50k-75k 12 $670,000 $55,833 $0 0.00%
    $75k-100k 10 $800,000 $80,000 $0 0.00%
    $150k-250k 2 $70,000 $35,000 $0 0.00%

    Western Sun Fcu lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k or less, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 48 $3,360,000 $70,000 $0 0.00%
    Not provided 3 $365,000 $121,667 $0 0.00%
    American Indian 2 $50,000 $25,000 $0 0.00%
    Black 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    68.10%

    Western Sun Fcu has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    68.52%

    Western Sun Fcu has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 54 $3,810,000 $70,556

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 54 $3,810,000 $70,556

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    WESTERN OHIO MORTGAGE Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%