Beaver Valley Federal Credit Union Mortgage Rates, Fees & Info
BEAVER FALLS, PALEI: 5493007GY2VTKC08IS96
Tax ID: 25-0970630
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Mortgage Data
Review & Overview
Beaver Valley Federal Credit Union is a smaller credit union specializing in Home Improvement and Refi 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 a below average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
34Origination Dollar Volume (All Markets)
$1,260,000Top 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) | 33 | $1,245,000 | $37,727 | $0 | 4.35% |
| New Castle, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.99% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $1,260,000 | $37,059 | $0 | 4.34% |
For 2018, Beaver Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 34 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 26 | $810,000 | $31,154 | $0 | 4.25% |
| Refi | 7 | $325,000 | $46,429 | $0 | 4.38% |
| Home Purchase | 1 | $125,000 | $125,000 | $0 | 6.25% |
For 2018, Beaver Valley Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 26 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
For 2018, Beaver Valley Federal Credit Union's most frequently cited loan duration was 5 Year, with 17 originations. The 2nd most popular length was 10 Year, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 20 | $470,000 | $23,500 |
| 4-5% | 11 | $555,000 | $50,455 |
| 6-7% | 3 | $235,000 | $78,333 |
During 2018, Beaver Valley Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 20 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 33 | $1,135,000 | $34,394 | $0 | 4.28% |
| $100k-200k | 1 | $125,000 | $125,000 | $0 | 6.25% |
2018 saw Beaver Valley Federal Credit Union place emphasis on $100,000 or less loans with 33 originations, totaling $1,135,000 in origination value.
Applicant Income
Beaver Valley Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $50k-75k, 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 18 originations. The next most common DTI ratio? <20%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 33 | $1,245,000 | $37,727 | $0 | 4.35% |
| Black | 1 | $15,000 | $15,000 | $0 | 3.99% |
Approval Rates
Total approvals of all applications67.92%
Beaver Valley Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination94.12%
Beaver Valley Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 34 | $1,260,000 | $37,059 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 34 | $1,260,000 | $37,059 |