Us Employees O.c. Federal Credit Union Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 549300552HVITY0L9184

Tax ID: 73-0580255

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Us Employees O.c. Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Us Employees O.c. Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Oklahoma City, Dallas, Tulsa, Aberdeen, and Duncan among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Us Employees O.c. Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Us Employees O.c. Federal Credit Union 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 about average rates.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 11/21/24
    30 Year Cash-out Refi 6.27% 11/21/24
    30 Year FHA Purchase 6.27% 11/21/24
    30 Year FHA Refi 6.27% 11/21/24
    15 Year Conventional Purchase 5.68% 11/21/24
    15 Year Conventional Refi 5.68% 11/21/24
    15 Year Cash-out Refi 5.68% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Us Employees O.c. Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Us Employees O.c. Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    150

    Origination Dollar Volume (All Markets)

    $15,260,000

    Awards

    US Employees O.C. Federal Credit Union 30 Year Conventional Loans bronze
    Show all (1) awards

    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
    OKLAHOMA CITY, OK (FHA|USDA|VA) 130 $13,190,000 $101,462 $2,610 5.20%
    Outside of Metro Areas 8 $720,000 $90,000 $2,650 5.06%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $440,000 $220,000 $4,319 5.00%
    TULSA, OK (FHA|USDA|VA) 4 $350,000 $87,500 $5,283 4.69%
    Aberdeen, SD (FHA|USDA|VA) 1 $215,000 $215,000 $3,848 4.88%
    Duncan, OK (FHA|USDA|VA) 1 $125,000 $125,000 $2,829 4.13%
    Shawnee, OK (FHA|USDA|VA) 1 $85,000 $85,000 $3,174 5.13%
    Ponca City, OK (FHA|USDA|VA) 1 $75,000 $75,000 $2,831 6.49%
    ENID, OK (FHA|USDA|VA) 1 $35,000 $35,000 $2,748 6.49%
    Stillwater, OK (FHA|USDA|VA) 1 $25,000 $25,000 $3,276 6.49%
    Us Employees O.c. Federal Credit Union's top markets include Oklahoma City, Dallas, Tulsa, Aberdeen, and Duncan among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against US Employees O.C. Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 89
    WEOKIE
    Similarity Rank: 120
    First Fidelity Bank
    Similarity Rank: 180
    TRUE SKY
    Similarity Rank: 240
    Washita Mortgage, Inc.
    Similarity Rank: 564
    US Employees O.C. Federal Credit Union
    Similarity Rank: 620
    OKLAHOMA'S
    Similarity Rank: 714
    CWM PARTNERS, L.P.
    Similarity Rank: 918
    COMMUNICATION
    Similarity Rank: 1020
    Republic Bank & Trust
    Similarity Rank: 1177

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 116 $11,940,000 $102,931 $2,555 5.31%
    HELOC 20 $1,080,000 $54,000 n/a 4.86%
    VA 9 $1,605,000 $178,333 $3,483 4.43%
    FHA 5 $635,000 $127,000 $4,736 5.01%

    For 2018, Us Employees O.c. Federal Credit Union's most frequently originated type of loan was Conventional, with 116 originations. Their 2nd most popular type was HELOC, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 78 $9,670,000 $123,974 $2,965 5.52%
    Cash Out Refi 58 $4,440,000 $76,552 $2,262 4.78%
    Refi 13 $1,075,000 $82,692 $2,584 5.10%
    Other 1 $75,000 $75,000 $856 4.50%

    For 2018, Us Employees O.c. Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Cash Out Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 44 $3,550,000 $80,682 $2,301 5.31%
    30 Year 40 $6,250,000 $156,250 $3,459 4.79%
    20 Year 32 $3,430,000 $107,188 $2,561 5.86%
    Other 22 $1,180,000 $53,636 $741 4.78%
    10 Year 9 $685,000 $76,111 $2,824 5.36%
    5 Year 3 $165,000 $55,000 $973 4.08%

    For 2018, Us Employees O.c. Federal Credit Union's most frequently cited loan duration was 15 Year, with 44 originations. The 2nd most popular length was 30 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 113 $11,405,000 $100,929
    $1k-2k 15 $2,375,000 $158,333
    $2k-3k 1 $325,000 $325,000

    Us Employees O.c. Federal Credit Union's average total fees were $3,459, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 113 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 68 $8,770,000 $128,971
    6-7% 43 $2,995,000 $69,651
    3-4% 20 $1,730,000 $86,500
    5-6% 14 $1,450,000 $103,571
    7-8% 5 $315,000 $63,000

    During 2018, Us Employees O.c. Federal Credit Union's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 4-5%, with 68 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $5,060,000 $57,500 $2,328 5.38%
    $100k-200k 50 $6,990,000 $139,800 $3,127 5.01%
    $200k-400k 12 $3,210,000 $267,500 $3,191 4.55%

    2018 saw Us Employees O.c. Federal Credit Union place emphasis on $100,000 or less loans with 88 originations, totaling $5,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 62 $4,790,000 $77,258 $2,751 5.60%
    $50k-75k 51 $5,325,000 $104,412 $2,650 5.10%
    $100k-150k 16 $2,420,000 $151,250 $3,064 4.45%
    $75k-100k 16 $1,560,000 $97,500 $2,267 4.98%
    $150k-250k 4 $840,000 $210,000 $2,786 3.94%
    $250k+ 1 $325,000 $325,000 $3,180 4.25%

    Us Employees O.c. Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 62 originations. The second most popular income band? $50k-75k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 40 $3,880,000 $97,000 $2,524 5.13%
    <20% 17 $1,195,000 $70,294 $2,242 5.02%
    30-36% 17 $1,745,000 $102,647 $3,407 5.15%
    43% 9 $1,085,000 $120,556 $3,039 5.49%
    42% 8 $780,000 $97,500 $2,980 5.81%
    50-60% 6 $500,000 $83,333 $2,918 5.59%
    37% 6 $800,000 $133,333 $2,486 4.50%
    41% 5 $295,000 $59,000 $2,785 6.49%
    36% 5 $745,000 $149,000 $3,261 5.10%
    44% 5 $545,000 $109,000 $2,915 4.63%
    48% 5 $475,000 $95,000 $2,721 5.47%
    40% 5 $635,000 $127,000 $2,545 4.92%
    47% 5 $915,000 $183,000 $2,380 4.35%
    49% 5 $855,000 $171,000 $3,057 5.00%
    46% 4 $190,000 $47,500 $1,390 5.12%
    45% 3 $235,000 $78,333 $2,126 5.66%
    38% 2 $140,000 $70,000 $2,572 6.75%
    39% 2 $200,000 $100,000 $2,763 4.69%
    >60% 1 $45,000 $45,000 $325 4.00%

    Us Employees O.c. Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 40 originations. The next most common DTI ratio? <20%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 133 $12,955,000 $97,406 $2,704 5.27%
    Black 8 $1,010,000 $126,250 $2,767 4.47%
    Not provided 5 $805,000 $161,000 $2,437 4.68%
    American Indian 4 $490,000 $122,500 $2,947 4.69%

    Approval Rates

    Total approvals of all applications
    78.57%

    Us Employees O.c. Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    97.33%

    Us Employees O.c. Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 150 $15,260,000 $101,733

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $150,000 $75,000
    Single Family (1-4 Units):Site-Built 148 $15,110,000 $102,095

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $1,270,000 $52,917 $1,669 4.80%
    40-60% 15 $1,235,000 $82,333 $2,131 4.81%
    60-80% 55 $5,715,000 $103,909 $2,666 5.35%
    80-100% 51 $6,895,000 $135,196 $3,131 5.31%
    Under 20% 5 $145,000 $29,000 $0 5.30%