Western Sun Fcu Mortgage Rates, Fees & Info
Broken Arrow, OKLEI: 54930037ZQUSJHCXY666
Tax ID: 73-0669017
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Mortgage Data
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, Fayetteville, Wichita, Muskogee, and Oklahoma City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Western Sun Fcu 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
96Origination Dollar Volume (All Markets)
$7,470,000Top 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 |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 86 | $6,200,000 | $72,093 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $485,000 | $97,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 91 | $6,515,000 | $71,593 | $0 | 0.00% |
| VA | 5 | $955,000 | $191,000 | $0 | 0.00% |
For 2019, Western Sun Fcu's most frequently originated type of loan was Conventional, with 91 originations. Their 2nd most popular type was VA, with 5 originations.
Loan Reason
For 2019, Western Sun Fcu's most frequently cited loan purpose was Home Improvement, with 49 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 96 | $7,470,000 | $77,813 | $0 | 0.00% |
For 2019, Western Sun Fcu's most frequently cited loan duration was Other, with 96 originations.
Loan Sizing
2019 saw Western Sun Fcu place emphasis on $100,000 or less loans with 72 originations, totaling $3,010,000 in origination value.
Applicant Income
Western Sun Fcu lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $100k-150k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 96 | $7,470,000 | $77,813 | $0 | 0.00% |
Western Sun Fcu lent most frequently to those with DTI ratios of Exempt%, with 96 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.74%
Western Sun Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination64.58%
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 |
|---|---|---|---|
| Exempt | 96 | $7,470,000 | $77,813 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $55,000 | $55,000 |
| Single Family (1-4 Units):Site-Built | 95 | $7,415,000 | $78,053 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WESTERN UNION COMPANY, THE | Conventional home mortgage | Trouble during payment process | 7 | 70.0% |
| WESTERN UNION COMPANY, THE | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 10.0% |
| WESTERN UNION COMPANY, THE | Other type of mortgage | Trouble during payment process | 2 | 20.0% |