Clearview Federal Credit Union Mortgage Rates, Fees & Info

Moon Township, PA

LEI: 549300BHPLBG0CXKTL06

Tax ID: 52-6051818

5 stars - out of 5 stars, based on 39 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

1,559

Origination Dollar Volume (All Markets)

$154,375,000

Relative 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 applications
76.37%

Clearview Federal Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
88.51%

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%