Mercer County Community Fcu Mortgage Rates, Fees & Info
Sharon, PALEI: 5493003UEX61E91S2B54
Tax ID: 25-6051699
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Mercer County Community Fcu is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Mercer County Community Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Youngstown, Meadville, and Pittsburgh among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Mercer County Community Fcu has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
39Origination Dollar Volume (All Markets)
$2,235,000Top 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) | 37 | $2,015,000 | $54,459 | $0 | 0.00% |
| Meadville, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 39 | $2,235,000 | $57,308 | $0 | 0.00% |
For 2022, Mercer County Community Fcu's most frequently originated type of loan was Conventional, with 39 originations.
Loan Reason
For 2022, Mercer County Community Fcu's most frequently cited loan purpose was Home Improvement, with 17 originations. The 2nd most popular reason was Other, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 39 | $2,235,000 | $57,308 | $0 | 0.00% |
For 2022, Mercer County Community Fcu's most frequently cited loan duration was Other, with 39 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 33 | $1,445,000 | $43,788 | $0 | 0.00% |
| $100k-200k | 6 | $790,000 | $131,667 | $0 | 0.00% |
2022 saw Mercer County Community Fcu place emphasis on $100,000 or less loans with 33 originations, totaling $1,445,000 in origination value.
Applicant Income
Mercer County Community Fcu lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 39 | $2,235,000 | $57,308 | $0 | 0.00% |
Mercer County Community Fcu lent most frequently to those with DTI ratios of Exempt%, with 39 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 38 | $2,200,000 | $57,895 | $0 | 0.00% |
| Asian | 1 | $35,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.49%
Mercer County Community Fcu has an average approval rate.
Pick Rate
Approvals leading to origination89.74%
Mercer County Community Fcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 39 | $2,235,000 | $57,308 |