Pheple Fcu Mortgage Rates, Fees & Info

Greensburg, PA

LEI: 5493003IFQ2Y89ZUY019

Tax ID: 25-1006675

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
  • 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

    Pheple Fcu is a smaller credit union specializing in Home Improvement and Other loans. Pheple Fcu has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.

    Pheple Fcu has an above 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.

    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

    39

    Origination Dollar Volume (All Markets)

    $3,405,000

    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) 39 $3,405,000 $87,308 $876 4.65%
    Pheple Fcu's top markets include and Pittsburgh among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 39 $3,405,000 $87,308 $876 4.65%

    For 2018, Pheple Fcu's most frequently originated type of loan was Conventional, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 23 $2,025,000 $88,043 $828 4.52%
    Other 14 $1,190,000 $85,000 $800 4.87%
    Home Purchase 1 $115,000 $115,000 $2,920 5.63%
    Refi 1 $75,000 $75,000 $839 3.49%

    For 2018, Pheple Fcu's most frequently cited loan purpose was Home Improvement, with 23 originations. The 2nd most popular reason was Other, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 13 $1,445,000 $111,154 $765 4.74%
    15 Year 12 $1,240,000 $103,333 $846 4.91%
    5 Year 8 $380,000 $47,500 $858 3.87%
    10 Year 5 $225,000 $45,000 $847 4.84%
    30 Year 1 $115,000 $115,000 $2,920 5.63%

    For 2018, Pheple Fcu's most frequently cited loan duration was 20 Year, with 13 originations. The 2nd most popular length was 15 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 36 $3,330,000 $92,500

    Pheple Fcu's average total fees were $2,920, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 36 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 25 $2,555,000 $102,200
    3-4% 7 $345,000 $49,286
    5-6% 7 $505,000 $72,143

    During 2018, Pheple Fcu's average interest rate for loans was 5.63%, while their most frequently originated rate bucket for loans was 4-5%, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,470,000 $52,500 $847 4.62%
    $100k-200k 8 $1,200,000 $150,000 $972 4.82%
    $200k-400k 3 $735,000 $245,000 $859 4.49%

    2018 saw Pheple Fcu place emphasis on $100,000 or less loans with 28 originations, totaling $1,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 12 $900,000 $75,000 $1,019 4.83%
    $50k or less 9 $425,000 $47,222 $866 4.38%
    $75k-100k 9 $825,000 $91,667 $739 4.66%
    $100k-150k 7 $775,000 $110,714 $842 4.70%
    $150k-250k 2 $480,000 $240,000 $859 4.49%

    Pheple Fcu lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $50k or less, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 12 $1,040,000 $86,667 $766 4.76%
    <20% 8 $870,000 $108,750 $814 4.43%
    30-36% 8 $910,000 $113,750 $1,123 4.51%
    42% 2 $40,000 $20,000 $0 3.99%
    43% 2 $80,000 $40,000 $849 5.49%
    41% 1 $135,000 $135,000 $840 4.49%
    38% 1 $55,000 $55,000 $859 4.99%
    50-60% 1 $25,000 $25,000 $859 5.74%
    44% 1 $75,000 $75,000 $859 4.99%
    46% 1 $25,000 $25,000 $859 4.49%
    49% 1 $95,000 $95,000 $839 4.49%
    40% 1 $55,000 $55,000 $859 4.49%

    Pheple Fcu lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? <20%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $3,165,000 $90,429 $897 4.61%
    Not provided 4 $240,000 $60,000 $712 4.99%

    Approval Rates

    Total approvals of all applications
    92.00%

    Pheple Fcu has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.05%

    Pheple Fcu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 39 $3,405,000 $87,308

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 39 $3,405,000 $87,308

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $130,000 $32,500 $826 4.24%
    40-60% 8 $830,000 $103,750 $772 4.62%
    60-80% 14 $1,690,000 $120,714 $851 4.56%
    80-100% 4 $420,000 $105,000 $1,252 4.90%
    Over 100% 1 $95,000 $95,000 $739 5.74%
    Under 20% 8 $240,000 $30,000 $872 4.77%