Clearview Federal Credit Union Mortgage Rates, Fees & Info
Moon Township, PALEI: 549300BHPLBG0CXKTL06
Tax ID: 52-6051818
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Clearview Federal Credit Union is a smaller credit union specializing in Refi and Home Improvement loans. Clearview Federal Credit Union has a high proportion of conventional loans. Their top markets include Pittsburgh, Philadelphia, Salem, Baltimore, and Washington among others. Clearview Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Clearview Federal Credit Union is typically an average fee lendor.Originations
1,559Origination Dollar Volume (All Markets)
$154,375,000Relative Rate
Clearview Federal Credit Union's average 30 year fixed rate mortgage of loans were
3.38%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.23%.
Relative Fees
Clearview Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $3,316.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 1,369 | $133,535,000 | $97,542 | $348 | 3.40% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 20 | $1,970,000 | $98,500 | $297 | 3.01% |
| Salem, OH (FHA|USDA|VA) | 22 | $1,160,000 | $52,727 | $444 | 3.22% |
| Outside of Metro Areas | 10 | $1,120,000 | $112,000 | $270 | 2.85% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 8 | $1,100,000 | $137,500 | $268 | 3.36% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $860,000 | $143,333 | $744 | 3.23% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $1,925 | 3.36% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $755,000 | $107,857 | $280 | 3.17% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $1,176 | 3.36% |
| New Castle, PA (FHA|USDA|VA) | 9 | $675,000 | $75,000 | $321 | 3.62% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,780 | 3.12% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 10 | $630,000 | $63,000 | $615 | 3.07% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $521 | 3.08% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 2.81% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $964 | 3.69% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $610 | 3.19% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $491 | 3.72% |
| ERIE, PA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $571 | 3.30% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 2.99% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $724 | 3.36% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 2.99% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $291 | 3.33% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $478 | 3.43% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $609 | 3.30% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $308 | 3.48% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 2.75% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 2.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 2.99% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $300 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $591 | 3.00% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $231 | 3.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.99% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $228 | 3.40% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 2.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $716 | 3.30% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 2.99% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $721 | 3.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $246 | 3.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.99% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.75% |
| Somerset, PA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $201 | 3.12% |
| Indiana, PA (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $294 | 3.20% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $474 | 3.53% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.50% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $261 | 3.75% |
| Seneca, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $611 | 3.50% |
| Oil City, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.25% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $136 | 5.45% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $331 | 4.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $201 | 3.50% |
| Fairmont, WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.99% |
| Lock Haven, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $231 | 3.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.00% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $201 | 2.95% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $646 | 3.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $686 | 6.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,112 | 2.80% |
| Greenville, MS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $876 | 5.75% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $199 | 5.00% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 2.99% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $291 | 3.50% |
Clearview Federal Credit Union's top markets include Pittsburgh, Philadelphia, Salem, Baltimore, and Washington among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,559 | $154,375,000 | $99,022 | $378 | 3.38% |
For the 2021 period, Clearview Federal Credit Union's most frequently originated loan type of loans were Conventional, with 1,559 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 491 | $66,505,000 | $135,448 | $355 | 3.25% |
| Home Improvement | 468 | $31,360,000 | $67,009 | $277 | 3.33% |
| Other | 346 | $27,740,000 | $80,173 | $354 | 3.50% |
| Cash Out Refi | 164 | $16,780,000 | $102,317 | $587 | 3.43% |
| Home Purchase | 90 | $11,990,000 | $133,222 | $1,320 | 3.81% |
For the 2021, Clearview Federal Credit Union's most frequently cited loan purpose of loans were Refi, with 491 originations. The 2nd most popular reason of loans were Home Improvement, with 468 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 1,129 | $122,025,000 | $108,082 | $467 | 3.31% |
| 15 Year | 205 | $19,645,000 | $95,829 | $310 | 3.58% |
| 10 Year | 135 | $8,825,000 | $65,370 | $307 | 3.72% |
| 5 Year | 71 | $2,605,000 | $36,690 | $284 | 3.38% |
| Other | 17 | $735,000 | $43,235 | $251 | 3.11% |
| 30 Year | 2 | $540,000 | $270,000 | $3,316 | 3.38% |
For the 2021, Clearview Federal Credit Union's most frequently cited loan length of loans were 20 Year, with 1,129 originations. The 2nd most popular length of loans were 15 Year, with 205 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 674 | $67,300,000 | $99,852 |
$3,316 of loans were Clearview Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 674 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 711 | $76,185,000 | $107,152 |
| 3-4% | 567 | $55,835,000 | $98,474 |
| 4-5% | 150 | $13,750,000 | $91,667 |
| <2.5% | 70 | $5,350,000 | $76,429 |
| 5-6% | 45 | $2,425,000 | $53,889 |
| 6-7% | 11 | $615,000 | $55,909 |
| 7-8% | 4 | $190,000 | $47,500 |
| Over 8% | 1 | $25,000 | $25,000 |
During 2021, Clearview Federal Credit Union's average interest rate of loans were 3.38%, while their most frequently originated rate bucket of loans were 2.5-3%, with 711 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 978 | $47,840,000 | $48,916 | $290 | 3.44% |
| $100k-200k | 393 | $54,235,000 | $138,003 | $359 | 3.32% |
| $200k-400k | 177 | $47,145,000 | $266,356 | $754 | 3.20% |
| $400k-600k | 11 | $5,155,000 | $468,636 | $3,019 | 3.36% |
2021 saw Clearview Federal Credit Union place emphasis on $100,000 or less loans with 978 originations, totaling $47,840,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 368 | $36,170,000 | $98,288 | $326 | 3.41% |
| $50k-75k | 307 | $22,685,000 | $73,893 | $362 | 3.30% |
| $150k-250k | 282 | $36,020,000 | $127,730 | $533 | 3.45% |
| $75k-100k | 276 | $24,210,000 | $87,717 | $341 | 3.43% |
| $50k or less | 170 | $9,960,000 | $58,588 | $320 | 3.19% |
| $250k+ | 128 | $22,160,000 | $173,125 | $951 | 3.52% |
Clearview Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 368 originations. The second most popular income band? $50k-75k, with 307 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 395 | $40,675,000 | $102,975 | $318 | 3.29% |
| 30-36% | 309 | $30,415,000 | $98,430 | $365 | 3.40% |
| <20% | 221 | $23,645,000 | $106,991 | $258 | 3.16% |
| 42% | 87 | $7,965,000 | $91,552 | $344 | 3.46% |
| 40% | 73 | $5,915,000 | $81,027 | $299 | 3.56% |
| 41% | 69 | $6,545,000 | $94,855 | $401 | 3.58% |
| 39% | 63 | $5,795,000 | $91,984 | $279 | 3.38% |
| 36% | 62 | $4,960,000 | $80,000 | $393 | 3.37% |
| 37% | 55 | $4,645,000 | $84,455 | $375 | 3.69% |
| 43% | 53 | $5,095,000 | $96,132 | $433 | 3.49% |
| 38% | 42 | $4,070,000 | $96,905 | $374 | 3.46% |
| 44% | 34 | $2,730,000 | $80,294 | $325 | 3.34% |
| 45% | 15 | $745,000 | $49,667 | $579 | 3.04% |
| >60% | 14 | $1,820,000 | $130,000 | $591 | 3.44% |
| 46% | 8 | $800,000 | $100,000 | $149 | 3.01% |
| 47% | 6 | $830,000 | $138,333 | $114 | 3.68% |
| 48% | 5 | $585,000 | $117,000 | $244 | 3.46% |
| 50-60% | 4 | $530,000 | $132,500 | $141 | 3.48% |
| 49% | 2 | $120,000 | $60,000 | $0 | 2.75% |
Clearview Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 395 originations. The next most common DTI ratio? 30-36%, with 309 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,355 | $133,915,000 | $98,830 | $377 | 3.37% |
| Not provided | 136 | $13,090,000 | $96,250 | $368 | 3.46% |
| Black | 41 | $3,725,000 | $90,854 | $481 | 3.43% |
| Asian | 18 | $2,610,000 | $145,000 | $236 | 3.44% |
| Asian Indian | 2 | $600,000 | $300,000 | $170 | 2.92% |
| American Indian | 4 | $320,000 | $80,000 | $706 | 4.01% |
| Other Asian | 1 | $55,000 | $55,000 | $0 | 3.00% |
| Native Hawaiian | 1 | $35,000 | $35,000 | $0 | 4.00% |
| Not applicable | 1 | $25,000 | $25,000 | $0 | 2.99% |
Approval Rates
Total approvals of all applications76.37%
Clearview Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination88.51%
Clearview Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,559 | $154,375,000 | $99,022 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,559 | $154,375,000 | $99,022 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 448 | $41,770,000 | $93,237 | $269 | 3.40% |
| 40-60% | 192 | $22,740,000 | $118,438 | $319 | 3.26% |
| 60-80% | 273 | $45,565,000 | $166,905 | $417 | 3.29% |
| 80-100% | 85 | $18,085,000 | $212,765 | $707 | 3.34% |
| Under 20% | 553 | $24,825,000 | $44,892 | $268 | 3.47% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ClearPath Lending | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| ClearPath Lending | Conventional home mortgage | Trouble during payment process | 1 | 6.7% |
| ClearPath Lending | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 11 | 73.3% |
| ClearPath Lending | VA mortgage | Improper use of your report | 1 | 6.7% |
| ClearPath Lending | VA mortgage | Trouble during payment process | 1 | 6.7% |
