Western Sun Fcu Mortgage Rates, Fees & Info

Broken Arrow, OK

LEI: 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

96

Origination Dollar Volume (All Markets)

$7,470,000

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) 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%
Western Sun Fcu's top markets include Tulsa, Fayetteville, Wichita, Muskogee, and Oklahoma City among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 49 $2,355,000 $48,061 $0 0.00%
    Cash Out Refi 24 $1,650,000 $68,750 $0 0.00%
    Home Purchase 20 $3,280,000 $164,000 $0 0.00%
    Other 2 $50,000 $25,000 $0 0.00%
    Refi 1 $135,000 $135,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $3,010,000 $41,806 $0 0.00%
    $100k-200k 15 $2,165,000 $144,333 $0 0.00%
    $200k-400k 9 $2,295,000 $255,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 33 $1,875,000 $56,818 $0 0.00%
    $100k-150k 21 $2,395,000 $114,048 $0 0.00%
    $50k or less 20 $1,410,000 $70,500 $0 0.00%
    $75k-100k 15 $1,455,000 $97,000 $0 0.00%
    $150k-250k 7 $335,000 $47,857 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $6,310,000 $76,951 $0 0.00%
    American Indian 7 $475,000 $67,857 $0 0.00%
    Black 5 $415,000 $83,000 $0 0.00%
    Not provided 2 $270,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.74%

    Western Sun Fcu has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    64.58%

    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%