Weyco Community Credit Union Mortgage Rates, Fees & Info

Plymouth, NC

LEI: 5493007ATUOSGE6PR745

Tax ID: 56-0709417

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

Review & Overview

Weyco Community Credit Union is a smaller credit union specializing in Other loans. Weyco Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Greenville, New Bern, and Winston among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Weyco Community Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Weyco Community 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	4.78%	11/22/24
30 Year Conventional Refi	6.27%	11/22/24
30 Year Cash-out Refi	4.40%	11/22/24
15 Year Conventional Purchase	5.68%	11/22/24
15 Year Conventional Refi	5.52%	11/22/24
15 Year Cash-out Refi	5.52%	11/22/24
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.

Weyco Community Credit Union Mortgage Calculator

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

Your Estimates

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

This is not an official calculator from Weyco Community 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

Origination Dollar Volume (All Markets)

$2,920,000

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
Outside of Metro Areas	19	$1,755,000	$92,368	$2,249	3.72%
Washington, NC (FHA\|USDA\|VA)	4	$430,000	$107,500	$2,089	3.56%
GREENVILLE, NC (FHA\|USDA\|VA)	2	$420,000	$210,000	$3,265	3.37%
NEW BERN, NC (FHA\|USDA\|VA)	2	$160,000	$80,000	$2,356	3.87%
WINSTON-SALEM, NC (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,105	4.25%

Weyco Community Credit Union's top markets include Washington, Greenville, New Bern, and Winston among others.

Their top states include:

North Carolina (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	28	$2,920,000	$104,286	$2,301	3.70%

For 2018, Weyco Community Credit Union's most frequently originated type of loan was Conventional, with 28 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Other	28	$2,920,000	$104,286	$2,301	3.70%

For 2018, Weyco Community Credit Union's most frequently cited loan purpose was Other, with 28 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	10	$1,280,000	$128,000	$2,307	4.87%
20 Year	9	$875,000	$97,222	$2,132	3.69%
10 Year	4	$350,000	$87,500	$2,622	2.50%
Other	3	$255,000	$85,000	$2,415	1.75%
15 Year	2	$160,000	$80,000	$2,221	3.25%

For 2018, Weyco Community Credit Union's most frequently cited loan duration was 30 Year, with 10 originations. The 2nd most popular length was 20 Year, with 9 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	28	$2,920,000	$104,286

Weyco Community Credit Union's average total fees were $2,307, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 28 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	10	$920,000	$92,000
<2.5%	6	$560,000	$93,333
4-5%	6	$940,000	$156,667
5-6%	5	$455,000	$91,000
2.5-3%	1	$45,000	$45,000

During 2018, Weyco Community Credit Union's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 3-4%, with 10 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	16	$1,010,000	$63,125	$2,219	3.51%
$100k-200k	9	$1,195,000	$132,778	$2,455	3.88%
$200k-400k	3	$715,000	$238,333	$2,281	4.16%

2018 saw Weyco Community Credit Union place emphasis on $100,000 or less loans with 16 originations, totaling $1,010,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	8	$1,000,000	$125,000	$2,284	4.59%
$50k or less	7	$555,000	$79,286	$2,346	3.78%
$75k-100k	6	$490,000	$81,667	$2,293	2.46%
$100k-150k	5	$675,000	$135,000	$1,946	3.95%
$150k-250k	2	$200,000	$100,000	$3,128	3.00%

Weyco Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $50k or less, with 7 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
<20%	9	$945,000	$105,000	$2,230	3.58%
20-30%	7	$665,000	$95,000	$2,307	3.68%
30-36%	6	$640,000	$106,667	$2,350	3.75%
37%	1	$85,000	$85,000	$2,834	5.25%
40%	1	$55,000	$55,000	$1,974	4.49%
46%	1	$45,000	$45,000	$2,014	3.00%
47%	1	$115,000	$115,000	$2,602	4.49%
48%	1	$115,000	$115,000	$2,264	1.75%
49%	1	$255,000	$255,000	$2,434	4.25%

Weyco Community Credit Union lent most frequently to those with DTI ratios of <20%, with 9 originations. The next most common DTI ratio? 20-30%, with 7 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	27	$2,805,000	$103,889	$2,294	3.67%
Black	1	$115,000	$115,000	$2,506	4.50%

Approval Rates

Total approvals of all applications
91.43%

Weyco Community Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
92.86%

Weyco Community Credit Union has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	28	$2,920,000	$104,286

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Manufactured	4	$300,000	$75,000
Single Family (1-4 Units):Site-Built	24	$2,620,000	$109,167

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	2	$160,000	$80,000	$2,400	2.63%
40-60%	3	$275,000	$91,667	$2,053	3.50%
60-80%	10	$1,040,000	$104,000	$2,268	3.05%
80-100%	13	$1,445,000	$111,154	$2,370	4.42%