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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Weyco Community Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Weyco Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New Bern, Washington, and Jacksonville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Weyco Community Credit Union has a below 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 4.78% 11/21/24
    30 Year Conventional Refi 6.27% 11/21/24
    30 Year Cash-out Refi 4.40% 11/21/24
    15 Year Conventional Purchase 5.68% 11/21/24
    15 Year Conventional Refi 5.52% 11/21/24
    15 Year Cash-out Refi 5.52% 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.

    Weyco Community Credit Union Mortgage Calculator






    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

    31

    Origination Dollar Volume (All Markets)

    $4,535,000

    Awards

    WEYCO COMMUNITY CREDIT UNION 30 Year Conventional Loans bronze WEYCO COMMUNITY CREDIT UNION 30 Year Conventional Loans gold WEYCO COMMUNITY CREDIT UNION 30 Year Conventional Loans gold
    Show all (3) 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
    Outside of Metro Areas 22 $2,730,000 $124,091 $3,163 3.03%
    NEW BERN, NC (FHA|USDA|VA) 5 $955,000 $191,000 $3,215 2.67%
    Washington, NC (FHA|USDA|VA) 3 $475,000 $158,333 $3,289 3.89%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $375,000 $375,000 $3,084 3.20%
    Weyco Community Credit Union's top markets include New Bern, Washington, and Jacksonville 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 31 $4,535,000 $146,290 $3,181 3.06%

    For 2022, Weyco Community Credit Union's most frequently originated type of loan was Conventional, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $2,015,000 $134,333 $3,172 2.97%
    Cash Out Refi 12 $2,140,000 $178,333 $3,362 3.17%
    Refi 2 $260,000 $130,000 $2,426 3.31%
    Home Improvement 1 $35,000 $35,000 $2,609 3.45%
    Other 1 $85,000 $85,000 $3,238 2.25%

    For 2022, Weyco Community Credit Union's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 18 $3,270,000 $181,667 $3,326 3.04%
    15 Year 4 $380,000 $95,000 $2,780 3.08%
    20 Year 4 $510,000 $127,500 $3,263 3.28%
    Other 3 $205,000 $68,333 $3,009 3.38%
    10 Year 2 $170,000 $85,000 $2,779 2.33%

    For 2022, Weyco Community Credit Union's most frequently cited loan duration was 30 Year, with 18 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 26 $3,750,000 $144,231
    $1k-2k 5 $785,000 $157,000

    Weyco Community Credit Union's average total fees were $3,326, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 26 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 13 $1,855,000 $142,692
    2.5-3% 11 $1,705,000 $155,000
    <2.5% 5 $805,000 $161,000
    4-5% 2 $170,000 $85,000

    During 2022, Weyco Community Credit Union's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 3-4%, with 13 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 14 $2,010,000 $143,571 $3,231 3.09%
    $100,000 or less 11 $715,000 $65,000 $2,882 3.10%
    $200k-400k 5 $1,405,000 $281,000 $3,462 2.98%
    $400k-600k 1 $405,000 $405,000 $4,368 2.60%

    2022 saw Weyco Community Credit Union place emphasis on $100k-200k loans with 14 originations, totaling $2,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 12 $1,120,000 $93,333 $2,961 3.15%
    $100k-150k 7 $1,565,000 $223,571 $3,524 3.23%
    $75k-100k 5 $765,000 $153,000 $3,354 2.67%
    $50k-75k 4 $630,000 $157,500 $3,380 3.18%
    $150k-250k 2 $310,000 $155,000 $2,634 3.16%

    Weyco Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $100k-150k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 10 $1,610,000 $161,000 $3,376 3.15%
    20-30% 7 $1,385,000 $197,857 $3,219 2.81%
    <20% 5 $455,000 $91,000 $2,778 3.10%
    43% 1 $115,000 $115,000 $3,891 4.25%
    50-60% 1 $85,000 $85,000 $3,238 2.25%
    >60% 1 $55,000 $55,000 $3,135 4.55%
    36% 1 $85,000 $85,000 $2,582 3.25%
    40% 1 $125,000 $125,000 $2,808 3.25%

    Weyco Community Credit Union lent most frequently to those with DTI ratios of 30-36%, with 10 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 25 $4,035,000 $161,400 $3,207 3.01%
    Black 6 $500,000 $83,333 $3,074 3.28%

    Approval Rates

    Total approvals of all applications
    66.04%

    Weyco Community Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    96.77%

    Weyco Community 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 31 $4,535,000 $146,290

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    31 $4,535,000 $146,290

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $35,000 $35,000 $2,609 3.45%
    40-60% 3 $425,000 $141,667 $3,256 2.57%
    60-80% 8 $1,250,000 $156,250 $2,914 2.79%
    80-100% 19 $2,825,000 $148,684 $3,312 3.23%