Pheple Fcu Mortgage Rates, Fees & Info

Greensburg, PA

LEI: 5493003IFQ2Y89ZUY019

Tax ID: 25-1006675

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Mortgage Data

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 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

28

Origination Dollar Volume (All Markets)

$1,660,000

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) 28 $1,660,000 $59,286 $910 4.91%
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 28 $1,660,000 $59,286 $910 4.91%

    For 2019, Pheple Fcu's most frequently originated type of loan was Conventional, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 21 $1,225,000 $58,333 $811 4.93%
    Other 6 $370,000 $61,667 $807 4.78%
    Home Purchase 1 $65,000 $65,000 $3,495 5.25%

    For 2019, Pheple Fcu's most frequently cited loan purpose was Home Improvement, with 21 originations. The 2nd most popular reason was Other, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 9 $725,000 $80,556 $774 5.03%
    10 Year 8 $380,000 $47,500 $807 5.03%
    15 Year 5 $375,000 $75,000 $852 4.86%
    5 Year 5 $115,000 $23,000 $849 4.49%
    30 Year 1 $65,000 $65,000 $3,495 5.25%

    For 2019, Pheple Fcu's most frequently cited loan duration was 20 Year, with 9 originations. The 2nd most popular length was 10 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 26 $1,580,000 $60,769
    $1k-2k 1 $65,000 $65,000

    Pheple Fcu's average total fees were $3,495, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 26 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 19 $1,105,000 $58,158
    5-6% 8 $510,000 $63,750
    6-7% 1 $45,000 $45,000

    During 2019, Pheple Fcu's average interest rate for loans was 5.25%, while their most frequently originated rate bucket for loans was 4-5%, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 24 $1,140,000 $47,500 $921 4.94%
    $100k-200k 4 $520,000 $130,000 $849 4.75%

    2019 saw Pheple Fcu place emphasis on $100,000 or less loans with 24 originations, totaling $1,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 10 $750,000 $75,000 $787 4.68%
    $50k or less 9 $445,000 $49,444 $1,159 5.01%
    $75k-100k 7 $335,000 $47,857 $816 5.12%
    $100k-150k 2 $130,000 $65,000 $859 4.85%

    Pheple Fcu lent most frequently to those with incomes in the $50k-75k range, with 10 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% 9 $485,000 $53,889 $802 4.86%
    <20% 6 $310,000 $51,667 $761 5.16%
    30-36% 5 $215,000 $43,000 $844 4.73%
    43% 2 $150,000 $75,000 $901 4.65%
    45% 2 $150,000 $75,000 $849 4.87%
    48% 1 $75,000 $75,000 $839 5.50%
    36% 1 $65,000 $65,000 $3,495 5.25%
    38% 1 $165,000 $165,000 $839 4.55%
    40% 1 $45,000 $45,000 $739 4.74%

    Pheple Fcu lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? <20%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 23 $1,385,000 $60,217 $929 4.89%
    Not provided 4 $240,000 $60,000 $824 4.83%
    Black 1 $35,000 $35,000 $839 5.60%

    Approval Rates

    Total approvals of all applications
    87.80%

    Pheple Fcu has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.43%

    Pheple Fcu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 28 $1,660,000 $59,286

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 28 $1,660,000 $59,286

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $450,000 $45,000 $768 5.21%
    40-60% 3 $135,000 $45,000 $774 4.70%
    60-80% 9 $855,000 $95,000 $862 4.82%
    80-100% 2 $120,000 $60,000 $2,177 4.93%
    Under 20% 4 $100,000 $25,000 $819 4.52%