Penn East Federal Credit Union Mortgage Rates, Fees & Info
Scranton, PALEI: 549300754PTUH541X764
Tax ID: 24-0796007
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Penn East Federal Credit Union is a smaller credit union specializing in Refi and Other loans. Penn East Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, Punta Gorda, Palm Bay, East Stroudsburg, and York among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Penn East Federal Credit Union 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
261Origination Dollar Volume (All Markets)
$13,425,000Top 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 |
|---|---|---|---|---|---|
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 248 | $12,260,000 | $49,435 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $435,000 | $62,143 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 261 | $13,425,000 | $51,437 | $0 | 0.00% |
For 2018, Penn East Federal Credit Union's most frequently originated type of loan was Conventional, with 261 originations.
Loan Reason
For 2018, Penn East Federal Credit Union's most frequently cited loan purpose was Refi, with 100 originations. The 2nd most popular reason was Other, with 79 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 261 | $13,425,000 | $51,437 | $0 | 0.00% |
For 2018, Penn East Federal Credit Union's most frequently cited loan duration was Other, with 261 originations.
Loan Sizing
2018 saw Penn East Federal Credit Union place emphasis on $100,000 or less loans with 234 originations, totaling $9,550,000 in origination value.
Applicant Income
Penn East Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 66 originations. The second most popular income band? $50k-75k, with 55 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 261 | $13,425,000 | $51,437 | $0 | 0.00% |
Penn East Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 261 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.63%
Penn East Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination77.78%
Penn East Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 261 | $13,425,000 | $51,437 |