Mercer County Community Fcu Mortgage Rates, Fees & Info

Sharon, PA

LEI: 5493003UEX61E91S2B54

Tax ID: 25-6051699

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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, Other, and Refi loans. Mercer County Community Fcu has a high proportion of conventional loans. Their top two markets are Youngstown and New Castle .

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

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    45

    Origination Dollar Volume (All Markets)

    $1,595,000

    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) 44 $1,490,000 $33,864 $0 0.00%
    New Castle, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Mercer County Community Fcu's top markets include Youngstown and New Castle among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 45 $1,595,000 $35,444 $0 0.00%

    For 2018, Mercer County Community Fcu's most frequently originated type of loan was Conventional, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 21 $595,000 $28,333 $0 0.00%
    Other 16 $550,000 $34,375 $0 0.00%
    Refi 6 $380,000 $63,333 $0 0.00%
    Home Purchase 2 $70,000 $35,000 $0 0.00%

    For 2018, Mercer County Community Fcu's most frequently cited loan purpose was Home Improvement, with 21 originations. The 2nd most popular reason was Other, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 45 $1,595,000 $35,444 $0 0.00%

    For 2018, Mercer County Community Fcu's most frequently cited loan duration was Other, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $1,385,000 $32,209 $0 0.00%
    $100k-200k 2 $210,000 $105,000 $0 0.00%

    2018 saw Mercer County Community Fcu place emphasis on $100,000 or less loans with 43 originations, totaling $1,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $450,000 $32,143 $0 0.00%
    $50k-75k 10 $510,000 $51,000 $0 0.00%
    $50k or less 9 $235,000 $26,111 $0 0.00%
    $75k-100k 7 $235,000 $33,571 $0 0.00%
    $150k-250k 4 $120,000 $30,000 $0 0.00%
    $250k+ 1 $45,000 $45,000 $0 0.00%

    Mercer County Community Fcu lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 45 $1,595,000 $35,444 $0 0.00%

    Mercer County Community Fcu lent most frequently to those with DTI ratios of Exempt%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 44 $1,570,000 $35,682 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.45%

    Mercer County Community Fcu has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.11%

    Mercer County Community Fcu has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 45 $1,595,000 $35,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 45 $1,595,000 $35,444