Matanuska Valley Federal Credit Union Mortgage Rates, Fees & Info

Palmer, AK

LEI: 5493007W0I8SLLDP5N98

Tax ID: 92-0021381

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
  • Similar Lenders
  • 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

    Matanuska Valley Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Matanuska Valley Federal Credit Union has a high proportion of conventional loans. Their top two markets are Anchorage and Hilo .

    Matanuska Valley Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Matanuska Valley Federal 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 6.29% 5/4/24
    30 Year Conventional Refi 5.72% 5/4/24
    30 Year Cash-out Refi 6.36% 5/4/24
    30 Year VA Purchase 6.24% 5/4/24
    15 Year Conventional Purchase 8.20% 5/4/24
    15 Year Conventional Refi 5.90% 5/4/24
    15 Year Cash-out Refi 5.90% 5/4/24
    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.

    Matanuska Valley Federal Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Matanuska Valley Federal 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

    134

    Origination Dollar Volume (All Markets)

    $23,480,000

    Awards

    MATANUSKA VALLEY FEDERAL CREDIT UNION 30 Year Conventional Loans gold MATANUSKA VALLEY FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (2) 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
    ANCHORAGE, AK (FHA|USDA|VA) 130 $21,960,000 $168,923 $1,907 4.25%
    Hilo, HI (FHA|USDA|VA) 4 $1,520,000 $380,000 $2,991 4.00%
    Matanuska Valley Federal Credit Union's top markets include Anchorage and Hilo among others.

    Their top states include:
  • Alaska (FHA|USDA|VA)
  • Hawaii (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against MATANUSKA VALLEY FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MATANUSKA VALLEY FEDERAL CREDIT UNION
    Similarity Rank: 48
    CREDIT UNION 1
    Similarity Rank: 95
    First National Bank Alaska
    Similarity Rank: 320
    GUARANTY MORTGAGE SERVICE, INC.
    Similarity Rank: 456
    Alaska USA Mortgage Company LLC
    Similarity Rank: 1334
    RESIDENTIAL MORTGAGE, LLC
    Similarity Rank: 1596
    BAY-VALLEY MORTGAGE GROUP
    Similarity Rank: 2256
    Chickasaw Community Bank
    Similarity Rank: 2380
    NuVision Federal Credit Union
    Similarity Rank: 3157
    FirstBank
    Similarity Rank: 4328

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 134 $23,480,000 $175,224 $1,940 4.24%

    For 2019, Matanuska Valley Federal Credit Union's most frequently originated type of loan was Conventional, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 52 $8,430,000 $162,115 $2,055 4.32%
    Refi 43 $8,615,000 $200,349 $2,050 4.04%
    Home Purchase 31 $5,385,000 $173,710 $1,631 4.46%
    Home Improvement 8 $1,050,000 $131,250 $1,795 3.92%

    For 2019, Matanuska Valley Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 52 originations. The 2nd most popular reason was Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 68 $14,720,000 $216,471 $2,105 4.23%
    15 Year 43 $5,975,000 $138,953 $1,785 4.33%
    10 Year 10 $1,220,000 $122,000 $1,790 3.12%
    20 Year 9 $1,255,000 $139,444 $1,660 3.79%
    Other 4 $310,000 $77,500 $1,801 7.26%

    For 2019, Matanuska Valley Federal Credit Union's most frequently cited loan duration was 30 Year, with 68 originations. The 2nd most popular length was 15 Year, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 130 $22,870,000 $175,923
    $1k-2k 2 $220,000 $110,000
    $2k-3k 2 $390,000 $195,000

    Matanuska Valley Federal Credit Union's average total fees were $2,105, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 130 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 67 $12,425,000 $185,448
    4-5% 37 $6,995,000 $189,054
    6-7% 12 $840,000 $70,000
    5-6% 8 $1,930,000 $241,250
    2.5-3% 7 $985,000 $140,714
    7-8% 2 $280,000 $140,000
    Over 8% 1 $25,000 $25,000

    During 2019, Matanuska Valley Federal Credit Union's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 3-4%, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 64 $9,840,000 $153,750 $1,869 4.04%
    $200k-400k 34 $9,130,000 $268,529 $2,278 4.08%
    $100,000 or less 32 $2,210,000 $69,063 $1,589 4.79%
    $400k-600k 3 $1,345,000 $448,333 $2,597 4.46%
    $600k-1MM 1 $955,000 $955,000 $4,214 3.88%

    2019 saw Matanuska Valley Federal Credit Union place emphasis on $100k-200k loans with 64 originations, totaling $9,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $6,250,000 $195,313 $1,936 4.07%
    $75k-100k 31 $4,925,000 $158,871 $2,010 4.25%
    $50k-75k 27 $3,615,000 $133,889 $1,811 4.46%
    $50k or less 18 $1,810,000 $100,556 $1,727 4.35%
    $150k-250k 16 $4,040,000 $252,500 $2,147 3.91%
    $250k+ 10 $2,840,000 $284,000 $2,131 4.51%

    Matanuska Valley Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $75k-100k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 54 $9,710,000 $179,815 $1,930 4.09%
    <20% 32 $5,540,000 $173,125 $1,876 4.03%
    30-36% 16 $3,130,000 $195,625 $2,229 4.06%
    37% 7 $1,115,000 $159,286 $1,678 4.59%
    43% 6 $1,260,000 $210,000 $2,073 4.65%
    36% 4 $680,000 $170,000 $1,978 3.81%
    48% 3 $525,000 $175,000 $2,165 5.29%
    41% 2 $300,000 $150,000 $736 3.56%
    39% 2 $60,000 $30,000 $1,488 7.43%
    40% 2 $550,000 $275,000 $2,407 4.50%
    45% 2 $230,000 $115,000 $2,320 5.06%
    47% 1 $105,000 $105,000 $1,493 4.00%
    42% 1 $95,000 $95,000 $2,099 5.38%
    50-60% 1 $115,000 $115,000 $1,532 4.75%
    >60% 1 $65,000 $65,000 $2,368 7.00%

    Matanuska Valley Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 54 originations. The next most common DTI ratio? <20%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 124 $22,210,000 $179,113 $1,957 4.23%
    Not provided 4 $660,000 $165,000 $1,967 3.81%
    American Indian 4 $420,000 $105,000 $1,817 4.53%
    Asian 1 $145,000 $145,000 $667 3.25%
    Black 1 $45,000 $45,000 $1,420 6.50%

    Approval Rates

    Total approvals of all applications
    93.96%

    Matanuska Valley Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.60%

    Matanuska Valley Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 134 $23,480,000 $175,224

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $25,000 $25,000
    Single Family (1-4 Units):Site-Built 133 $23,455,000 $176,353

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $2,155,000 $102,619 $1,725 3.87%
    40-60% 28 $4,030,000 $143,929 $1,980 4.31%
    60-80% 57 $12,025,000 $210,965 $1,931 4.48%
    80-100% 26 $5,100,000 $196,154 $2,057 3.85%
    Over 100% 1 $135,000 $135,000 $3,625 4.13%
    Under 20% 1 $35,000 $35,000 $1,098 6.75%