Beaver Valley Federal Credit Union Mortgage Rates, Fees & Info
BEAVER FALLS, PALEI: 5493007GY2VTKC08IS96
Tax ID: 25-0970630
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Beaver Valley Federal Credit Union is a smaller credit union specializing in Home Improvement loans. Beaver Valley Federal Credit Union has a high proportion of conventional loans. Their top two markets are Pittsburgh and New Castle .Beaver Valley Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
45Origination Dollar Volume (All Markets)
$2,105,000Top 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 |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 40 | $1,910,000 | $47,750 | $260 | 6.19% |
| New Castle, PA (FHA|USDA|VA) | 5 | $195,000 | $39,000 | $309 | 6.19% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $1,940,000 | $46,190 | $266 | 6.03% |
| HELOC | 3 | $165,000 | $55,000 | n/a | 8.50% |
For 2024, Beaver Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 42 originations. Their 2nd most popular type was HELOC, with 3 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 37 | $1,805,000 | $48,784 | $266 | 6.29% |
| Refi | 7 | $265,000 | $37,857 | $267 | 5.66% |
| Other | 1 | $35,000 | $35,000 | $263 | 6.49% |
For 2024, Beaver Valley Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 37 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
For 2024, Beaver Valley Federal Credit Union's most frequently cited loan duration was 10 Year, with 18 originations. The 2nd most popular length was 5 Year, with 12 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 24 | $940,000 | $39,167 |
| 6-7% | 12 | $600,000 | $50,000 |
| 7-8% | 4 | $340,000 | $85,000 |
| Over 8% | 3 | $165,000 | $55,000 |
| 4-5% | 2 | $60,000 | $30,000 |
During 2024, Beaver Valley Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 24 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 41 | $1,685,000 | $41,098 | $266 | 6.11% |
| $100k-200k | 4 | $420,000 | $105,000 | $268 | 7.02% |
2024 saw Beaver Valley Federal Credit Union place emphasis on $100,000 or less loans with 41 originations, totaling $1,685,000 in origination value.
Applicant Income
Beaver Valley Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
Beaver Valley Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 12 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 43 | $1,985,000 | $46,163 | $266 | 6.18% |
| Black | 2 | $120,000 | $60,000 | $267 | 6.52% |
Approval Rates
Total approvals of all applications93.75%
Beaver Valley Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 45 | $2,105,000 | $46,778 |