Choice One Community Federal Credit Union Mortgage Rates, Fees & Info
Plains Township, PALEI: 549300DA1N0K2LJI0471
Tax ID: 24-0798456
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Choice One Community Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Choice One Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, Pottsville, and Allentown among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Choice One Community Federal Credit Union has an average approval rate when compared to the average across all lenders.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 15 Year Conventional Refi | 5.68% | 4/28/24 |
| 15 Year Cash-out Refi | 5.68% | 4/28/24 |
| 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. | ||
Choice One Community 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 Choice One Community 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
108Origination Dollar Volume (All Markets)
$6,760,000Top 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 |
|---|---|---|---|---|---|
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 103 | $6,245,000 | $60,631 | $1,210 | 3.45% |
| Pottsville, PA (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $1,726 | 3.32% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $1,875 | 3.74% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 107 | $6,705,000 | $62,664 | $1,237 | 3.45% |
| HELOC | 1 | $55,000 | $55,000 | n/a | 2.99% |
For 2021, Choice One Community Federal Credit Union's most frequently originated type of loan was Conventional, with 107 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2021, Choice One Community Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 46 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
For 2021, Choice One Community Federal Credit Union's most frequently cited loan duration was 15 Year, with 58 originations. The 2nd most popular length was 10 Year, with 24 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 62 | $4,760,000 | $76,774 |
| 2.5-3% | 27 | $1,365,000 | $50,556 |
| <2.5% | 9 | $275,000 | $30,556 |
| 5-6% | 5 | $235,000 | $47,000 |
| 4-5% | 3 | $75,000 | $25,000 |
| 6-7% | 2 | $50,000 | $25,000 |
During 2021, Choice One Community 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 62 originations.
Loan Sizing
2021 saw Choice One Community Federal Credit Union place emphasis on $100,000 or less loans with 92 originations, totaling $4,540,000 in origination value.
Applicant Income
Choice One Community Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 37 originations. The second most popular income band? $100k-150k, with 27 originations.
Applicant Debt to Income Ratio
Choice One Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 37 originations. The next most common DTI ratio? 30-36%, with 27 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 107 | $6,665,000 | $62,290 | $1,237 | 3.45% |
| Black | 1 | $95,000 | $95,000 | $0 | 3.24% |
Approval Rates
Total approvals of all applications80.60%
Choice One Community Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 108 | $6,760,000 | $62,593 |