Pheple Fcu Mortgage Rates, Fees & Info
Greensburg, PALEI: 5493003IFQ2Y89ZUY019
Tax ID: 25-1006675
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Mortgage Data
Review & Overview
Pheple Fcu is a smaller credit union specializing in Home Improvement, Other, and Refi loans. Pheple Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Indiana, and Somerset among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Pheple 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. Pheple Fcu is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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Originations
82Origination Dollar Volume (All Markets)
$4,740,000Relative Rate
Pheple Fcu's average 30 year fixed mortgage rate was
6.65%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.17%.
Relative Fees (Closing Costs)
Pheple Fcu's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,941.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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) | 78 | $4,590,000 | $58,846 | $924 | 6.82% |
| Indiana, PA (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $743 | 6.07% |
| Somerset, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $960 | 6.99% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 82 | $4,740,000 | $57,805 | $917 | 6.80% |
For 2023, Pheple Fcu's most frequently originated type of loan was Conventional, with 82 originations.
Loan Reason
For 2023, Pheple Fcu's most frequently cited loan purpose was Home Improvement, with 36 originations. The 2nd most popular reason was Other, with 23 originations.
Loan Duration/Length
For 2023, Pheple Fcu's most frequently cited loan duration was 10 Year, with 30 originations. The 2nd most popular length was 15 Year, with 17 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 77 | $4,075,000 | $52,922 |
| $1k-2k | 4 | $620,000 | $155,000 |
Pheple Fcu's average total fees were $3,941, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 77 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 42 | $2,730,000 | $65,000 |
| 7-8% | 22 | $1,160,000 | $52,727 |
| 5-6% | 14 | $580,000 | $41,429 |
| Over 8% | 2 | $140,000 | $70,000 |
| 4-5% | 1 | $85,000 | $85,000 |
During 2023, Pheple Fcu's average interest rate for loans was 6.65%, while their most frequently originated rate bucket for loans was 6-7%, with 42 originations.
Loan Sizing
2023 saw Pheple Fcu place emphasis on $100,000 or less loans with 72 originations, totaling $3,260,000 in origination value.
Applicant Income
Pheple Fcu lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $75k-100k, with 20 originations.
Applicant Debt to Income Ratio
Pheple Fcu lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 21 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 81 | $4,715,000 | $58,210 | $918 | 6.80% |
| Black | 1 | $25,000 | $25,000 | $895 | 6.24% |
Approval Rates
Total approvals of all applications77.87%
Pheple Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination85.37%
Pheple Fcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 82 | $4,740,000 | $57,805 |