Pima Federal Credit Union Mortgage Rates, Fees & Info

Tucson, AZ

LEI: 549300EZHVOHDWG07M20

Tax ID: 86-0124950

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

    Pima Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Pima Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tucson, Phoenix, Flagstaff, Show Low, and Lake Havasu City among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pima Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Pima 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 6.33% 12/16/24
    30 Year Conventional Refi 6.40% 12/16/24
    30 Year Cash-out Refi 6.44% 12/16/24
    15 Year Conventional Purchase 5.87% 12/16/24
    15 Year Conventional Refi 5.88% 12/16/24
    15 Year Cash-out Refi 5.88% 12/16/24
    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.

    Pima 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 Pima 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

    430

    Origination Dollar Volume (All Markets)

    $94,800,000

    Awards

    PIMA Federal Credit Union 30 Year Conventional Loans silver PIMA Federal Credit Union 30 Year Conventional Loans silver PIMA Federal Credit Union 30 Year Conventional Loans silver
    Show all (3) 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
    TUCSON, AZ (FHA|USDA|VA) 384 $84,730,000 $220,651 $2,547 3.95%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 23 $6,185,000 $268,913 $3,213 4.00%
    Outside of Metro Areas 11 $1,615,000 $146,818 $2,720 3.90%
    FLAGSTAFF, AZ (FHA|USDA|VA) 2 $700,000 $350,000 $3,055 3.94%
    Show Low, AZ (FHA|USDA|VA) 4 $650,000 $162,500 $3,072 3.91%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $455,000 $455,000 $2,211 3.75%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 3 $255,000 $85,000 $2,857 4.38%
    Nogales, AZ (FHA|USDA|VA) 2 $210,000 $105,000 $2,009 4.25%
    Pima Federal Credit Union's top markets include Tucson, Phoenix, Flagstaff, Show Low, and Lake Havasu City among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PIMA Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Deer Valley Credit Union
    Similarity Rank: 820
    ARIZONA
    Similarity Rank: 1296
    PIMA Federal Credit Union
    Similarity Rank: 1344
    BELEM SERVICING LLC
    Similarity Rank: 1598
    First Credit Union
    Similarity Rank: 1639
    Canyon State Credit Union
    Similarity Rank: 1710
    CREDIT UNION WEST
    Similarity Rank: 1806
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1850
    ARIZONA CENTRAL
    Similarity Rank: 1992
    OneAZ Credit Union
    Similarity Rank: 2171

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 430 $94,800,000 $220,465 $2,597 3.96%

    For 2019, Pima Federal Credit Union's most frequently originated type of loan was Conventional, with 430 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 163 $45,385,000 $278,436 $3,396 4.14%
    Cash Out Refi 123 $24,895,000 $202,398 $2,272 3.94%
    Other 71 $12,565,000 $176,972 $2,107 3.71%
    Refi 56 $9,790,000 $174,821 $2,008 3.80%
    Home Improvement 17 $2,165,000 $127,353 $2,037 3.87%

    For 2019, Pima Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 163 originations. The 2nd most popular reason was Cash Out Refi, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 226 $44,200,000 $195,575 $2,821 4.01%
    15 Year 135 $40,945,000 $303,296 $2,382 4.05%
    20 Year 46 $7,830,000 $170,217 $2,145 3.68%
    10 Year 18 $1,380,000 $76,667 $2,071 3.35%
    Other 5 $445,000 $89,000 $2,879 3.65%

    For 2019, Pima Federal Credit Union's most frequently cited loan duration was 30 Year, with 226 originations. The 2nd most popular length was 15 Year, with 135 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 338 $59,600,000 $176,331
    $1k-2k 54 $8,870,000 $164,259
    $2k-3k 2 $580,000 $290,000
    $3k-4k 1 $245,000 $245,000

    Pima Federal Credit Union's average total fees were $2,821, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 338 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 243 $45,195,000 $185,988
    4-5% 148 $38,470,000 $259,932
    2.5-3% 22 $3,000,000 $136,364
    5-6% 16 $8,070,000 $504,375
    6-7% 1 $65,000 $65,000

    During 2019, Pima Federal Credit Union's average interest rate for loans was 4.01%, while their most frequently originated rate bucket for loans was 3-4%, with 243 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 203 $29,035,000 $143,030 $2,357 3.89%
    $200k-400k 107 $28,905,000 $270,140 $2,919 3.99%
    $100,000 or less 79 $5,525,000 $69,937 $2,617 3.84%
    $400k-600k 21 $9,745,000 $464,048 $3,514 4.21%
    $600k-1MM 12 $8,780,000 $731,667 $3,398 4.55%
    $1MM+ 8 $12,810,000 $1,601,250 $0 4.69%

    2019 saw Pima Federal Credit Union place emphasis on $100k-200k loans with 203 originations, totaling $29,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 116 $12,700,000 $109,483 $2,504 3.87%
    $50k-75k 100 $16,140,000 $161,400 $2,353 3.92%
    $100k-150k 76 $17,860,000 $235,000 $2,946 3.90%
    $75k-100k 70 $12,550,000 $179,286 $2,570 3.79%
    $150k-250k 18 $6,190,000 $343,889 $2,976 3.60%
    $250k+ 15 $3,855,000 $257,000 $2,854 4.01%

    Pima Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 116 originations. The second most popular income band? $50k-75k, with 100 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 78 $13,240,000 $169,744 $2,400 3.75%
    30-36% 68 $12,540,000 $184,412 $2,773 3.96%
    <20% 47 $5,825,000 $123,936 $2,483 3.90%
    44% 26 $4,710,000 $181,154 $2,393 3.82%
    40% 24 $4,680,000 $195,000 $2,861 3.82%
    41% 24 $4,180,000 $174,167 $2,601 3.95%
    38% 20 $2,830,000 $141,500 $2,496 4.00%
    36% 16 $3,130,000 $195,625 $2,507 3.89%
    39% 16 $3,330,000 $208,125 $4,347 3.80%
    42% 15 $3,055,000 $203,667 $2,387 3.86%
    43% 15 $2,345,000 $156,333 $2,247 3.76%
    37% 12 $2,010,000 $167,500 $2,047 3.74%
    47% 10 $2,480,000 $248,000 $2,910 4.03%
    45% 9 $1,665,000 $185,000 $2,083 3.71%
    46% 6 $1,380,000 $230,000 $2,389 4.00%
    48% 4 $780,000 $195,000 $2,498 3.97%
    49% 3 $515,000 $171,667 $2,429 4.21%
    50-60% 1 $245,000 $245,000 $3,474 4.13%
    >60% 1 $355,000 $355,000 $3,509 3.75%

    Pima Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 78 originations. The next most common DTI ratio? 30-36%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 362 $63,580,000 $175,635 $2,613 3.88%
    Not applicable 31 $23,095,000 $745,000 $0 4.96%
    Not provided 27 $5,775,000 $213,889 $2,534 3.84%
    Black 4 $1,160,000 $290,000 $2,794 4.31%
    Asian 4 $850,000 $212,500 $1,896 3.47%
    Asian Indian 1 $225,000 $225,000 $1,821 3.00%
    Native Hawaiian or Islander 1 $115,000 $115,000 $1,780 4.00%

    Approval Rates

    Total approvals of all applications
    79.18%

    Pima Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.42%

    Pima Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 430 $94,800,000 $220,465

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 34 $25,330,000 $745,000
    Single Family (1-4 Units):Manufactured 26 $2,600,000 $100,000
    Single Family (1-4 Units):Site-Built 370 $66,870,000 $180,730

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $3,820,000 $119,375 $2,145 3.74%
    40-60% 76 $13,500,000 $177,632 $2,623 3.76%
    60-80% 191 $49,435,000 $258,822 $2,382 4.05%
    80-100% 124 $27,450,000 $221,371 $2,989 4.00%
    Under 20% 7 $595,000 $85,000 $2,372 3.84%