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 Home Improvement and Refi loans. Penn East Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Scranton.Penn East Federal Credit Union has an 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
217Origination Dollar Volume (All Markets)
$17,895,000Top 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) | 207 | $17,115,000 | $82,681 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $780,000 | $78,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 217 | $17,895,000 | $82,465 | $0 | 0.00% |
For 2022, Penn East Federal Credit Union's most frequently originated type of loan was Conventional, with 217 originations.
Loan Reason
For 2022, Penn East Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 80 originations. The 2nd most popular reason was Refi, with 79 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 217 | $17,895,000 | $82,465 | $0 | 0.00% |
For 2022, Penn East Federal Credit Union's most frequently cited loan duration was Other, with 217 originations.
Loan Sizing
2022 saw Penn East Federal Credit Union place emphasis on $100,000 or less loans with 165 originations, totaling $6,985,000 in origination value.
Applicant Income
Penn East Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $50k-75k, with 54 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 217 | $17,895,000 | $82,465 | $0 | 0.00% |
Penn East Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 217 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.24%
Penn East Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination86.64%
Penn East Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 217 | $17,895,000 | $82,465 |