Mercer County Community Fcu Mortgage Rates, Fees & Info

Sharon, PA

LEI: 5493003UEX61E91S2B54

Tax ID: 25-6051699

Latest/2024 | 2023 Data | 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

    Mercer County Community Fcu is a smaller credit union specializing in Home Improvement and Refi loans. Mercer County Community Fcu has a high proportion of conventional loans. Their top two markets are Youngstown and Meadville .

    Mercer County Community Fcu has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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    Originations

    21

    Origination Dollar Volume (All Markets)

    $1,205,000

    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
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 20 $1,140,000 $57,000 $0 0.00%
    Meadville, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Mercer County Community Fcu's top markets include Youngstown and Meadville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 21 $1,205,000 $57,381 $0 0.00%

    For 2024, Mercer County Community Fcu's most frequently originated type of loan was Conventional, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 11 $485,000 $44,091 $0 0.00%
    Refi 5 $335,000 $67,000 $0 0.00%
    Home Purchase 2 $200,000 $100,000 $0 0.00%
    Other 2 $120,000 $60,000 $0 0.00%
    Cash Out Refi 1 $65,000 $65,000 $0 0.00%

    For 2024, Mercer County Community Fcu's most frequently cited loan purpose was Home Improvement, with 11 originations. The 2nd most popular reason was Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 21 $1,205,000 $57,381 $0 0.00%

    For 2024, Mercer County Community Fcu's most frequently cited loan duration was Other, with 21 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $810,000 $45,000 $0 0.00%
    $100k-200k 3 $395,000 $131,667 $0 0.00%

    2024 saw Mercer County Community Fcu place emphasis on $100,000 or less loans with 18 originations, totaling $810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 7 $205,000 $29,286 $0 0.00%
    $100k-150k 3 $195,000 $65,000 $0 0.00%
    $150k-250k 3 $325,000 $108,333 $0 0.00%
    $50k-75k 3 $185,000 $61,667 $0 0.00%
    $75k-100k 3 $125,000 $41,667 $0 0.00%
    $250k+ 2 $170,000 $85,000 $0 0.00%

    Mercer County Community Fcu lent most frequently to those with incomes in the $50k or less range, with 7 originations. The second most popular income band? $100k-150k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 21 $1,205,000 $57,381 $0 0.00%

    Mercer County Community Fcu lent most frequently to those with DTI ratios of Exempt%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 20 $1,170,000 $58,500 $0 0.00%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    71.88%

    Mercer County Community Fcu has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.48%

    Mercer County Community Fcu has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 21 $1,205,000 $57,381

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    21 $1,205,000 $57,381