Mercer County Community Fcu Mortgage Rates, Fees & Info
Sharon, PALEI: 5493003UEX61E91S2B54
Tax ID: 25-6051699
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Mortgage Data
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 markets by origination volume include: Youngstown, New Castle, Meadville, and Pittsburgh among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)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
38Origination Dollar Volume (All Markets)
$1,500,000Top 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 |
|---|---|---|---|---|---|
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 35 | $1,375,000 | $39,286 | $0 | 0.00% |
| New Castle, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Meadville, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $1,500,000 | $39,474 | $0 | 0.00% |
For 2019, Mercer County Community Fcu's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
For 2019, Mercer County Community Fcu's most frequently cited loan purpose was Home Improvement, with 17 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 |
|---|---|---|---|---|---|
| Other | 38 | $1,500,000 | $39,474 | $0 | 0.00% |
For 2019, Mercer County Community Fcu's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 37 | $1,385,000 | $37,432 | $0 | 0.00% |
| $100k-200k | 1 | $115,000 | $115,000 | $0 | 0.00% |
2019 saw Mercer County Community Fcu place emphasis on $100,000 or less loans with 37 originations, totaling $1,385,000 in origination value.
Applicant Income
Mercer County Community 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 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $1,500,000 | $39,474 | $0 | 0.00% |
Mercer County Community Fcu lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 36 | $1,450,000 | $40,278 | $0 | 0.00% |
| Black | 2 | $50,000 | $25,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.23%
Mercer County Community Fcu has an average approval rate.
Pick Rate
Approvals leading to origination92.11%
Mercer County Community Fcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 38 | $1,500,000 | $39,474 |