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 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
28Origination Dollar Volume (All Markets)
$1,660,000Top 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 |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 28 | $1,660,000 | $59,286 | $910 | 4.91% |
Their top states include:
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
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
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
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
Approval Rates
Total approvals of all applications87.80%
Pheple Fcu has an average approval rate.
Pick Rate
Approvals leading to origination71.43%
Pheple Fcu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 28 | $1,660,000 | $59,286 |