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 Refi and Home Purchase loans. Pima Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tucson, Phoenix, Sierra Vista, Show Low, and Payson among others. We have data for 9 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.

    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
    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

    504

    Origination Dollar Volume (All Markets)

    $143,750,000

    Awards

    PIMA Federal Credit Union 30 Year Conventional Loans silver
    Show all (1) 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) 467 $132,285,000 $283,266 $2,450 3.20%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 17 $6,905,000 $406,176 $3,476 3.09%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 3.75%
    Outside of Metro Areas 7 $1,125,000 $160,714 $2,358 3.07%
    Show Low, AZ (FHA|USDA|VA) 5 $765,000 $153,000 $2,937 3.03%
    Payson, AZ (FHA|USDA|VA) 1 $545,000 $545,000 $2,168 3.25%
    Nogales, AZ (FHA|USDA|VA) 4 $350,000 $87,500 $2,160 3.44%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $1,981 3.75%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $2,239 3.75%
    Pima Federal Credit Union's top markets include Tucson, Phoenix, Sierra Vista, Show Low, and Payson 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.

    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 825
    TRI-EMERALD FINANCIAL GROUP, INC.
    Similarity Rank: 1054
    Armed Forces Bank
    Similarity Rank: 1136
    PIMA Federal Credit Union
    Similarity Rank: 1152
    ARIZONA CENTRAL
    Similarity Rank: 1360
    First Credit Union
    Similarity Rank: 1573
    ALTITUDE FINANCIAL CORPORATION
    Similarity Rank: 1988
    Canyon State Credit Union
    Similarity Rank: 2387
    Western State Bank
    Similarity Rank: 2900
    Bank of Whittier
    Similarity Rank: 3105

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 504 $143,750,000 $285,218 $2,485 3.20%

    For 2020, Pima Federal Credit Union's most frequently originated type of loan was Conventional, with 504 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 190 $33,490,000 $176,263 $2,238 2.94%
    Home Purchase 136 $82,190,000 $604,338 $3,680 3.61%
    Home Improvement 95 $15,095,000 $158,895 $2,125 3.16%
    Cash Out Refi 83 $12,975,000 $156,325 $2,179 3.17%

    For 2020, Pima Federal Credit Union's most frequently cited loan purpose was Refi, with 190 originations. The 2nd most popular reason was Home Purchase, with 136 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 192 $84,130,000 $438,177 $2,345 3.10%
    30 Year 173 $36,625,000 $211,705 $2,748 3.50%
    20 Year 91 $15,515,000 $170,495 $2,195 3.14%
    10 Year 44 $6,390,000 $145,227 $2,351 2.47%
    Other 3 $685,000 $228,333 $2,960 4.04%
    30+ year 1 $405,000 $405,000 $8,157 4.50%

    For 2020, Pima Federal Credit Union's most frequently cited loan duration was 15 Year, with 192 originations. The 2nd most popular length was 30 Year, with 173 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 372 $63,790,000 $171,478
    $1k-2k 67 $11,825,000 $176,493
    $2k-3k 14 $4,150,000 $296,429
    $3k-4k 2 $580,000 $290,000
    $4k-5k 2 $1,050,000 $525,000

    Pima Federal Credit Union's average total fees were $2,748, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 372 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 258 $85,380,000 $330,930
    2.5-3% 120 $22,710,000 $189,250
    <2.5% 97 $14,915,000 $153,763
    4-5% 27 $19,995,000 $740,556
    5-6% 2 $750,000 $375,000

    During 2020, Pima Federal Credit Union's average interest rate for loans was 3.50%, while their most frequently originated rate bucket for loans was 3-4%, with 258 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 236 $33,880,000 $143,559 $2,320 3.14%
    $200k-400k 108 $27,660,000 $256,111 $2,800 3.20%
    $100,000 or less 91 $6,985,000 $76,758 $2,170 2.97%
    $400k-600k 26 $12,770,000 $491,154 $3,535 3.55%
    $1MM+ 24 $47,920,000 $1,996,667 $0 3.92%
    $600k-1MM 19 $14,535,000 $765,000 $4,748 3.64%

    2020 saw Pima Federal Credit Union place emphasis on $100k-200k loans with 236 originations, totaling $33,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 120 $13,450,000 $112,083 $2,233 3.24%
    $50k-75k 108 $16,730,000 $154,907 $2,435 3.14%
    $75k-100k 87 $13,405,000 $154,080 $2,295 3.05%
    $100k-150k 84 $16,880,000 $200,952 $2,685 3.02%
    $150k-250k 40 $11,370,000 $284,250 $2,697 3.03%
    $250k+ 18 $9,560,000 $531,111 $3,972 3.02%

    Pima Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 120 originations. The second most popular income band? $50k-75k, with 108 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 136 $25,310,000 $186,103 $2,440 3.06%
    30-36% 92 $16,130,000 $175,326 $2,433 3.10%
    <20% 74 $12,490,000 $168,784 $2,559 2.89%
    36% 22 $4,260,000 $193,636 $2,748 3.21%
    37% 19 $2,985,000 $157,105 $2,264 3.16%
    42% 18 $4,010,000 $222,778 $2,735 3.42%
    39% 17 $3,075,000 $180,882 $2,268 3.38%
    40% 16 $3,110,000 $194,375 $2,638 3.41%
    38% 15 $2,485,000 $165,667 $2,733 3.23%
    41% 12 $1,890,000 $157,500 $2,207 3.34%
    43% 12 $1,970,000 $164,167 $2,626 3.19%
    44% 7 $1,255,000 $179,286 $2,163 3.07%
    45% 6 $830,000 $138,333 $2,721 3.06%
    47% 6 $910,000 $151,667 $2,580 3.19%
    46% 2 $220,000 $110,000 $2,445 3.06%
    48% 2 $370,000 $185,000 $2,182 3.56%
    49% 1 $95,000 $95,000 $1,906 3.75%

    Pima Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 136 originations. The next most common DTI ratio? 30-36%, with 92 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 410 $71,700,000 $174,878 $2,491 3.12%
    Not applicable 47 $62,355,000 $1,326,702 $0 4.04%
    Not provided 34 $6,160,000 $181,176 $2,414 3.00%
    Asian 5 $1,745,000 $349,000 $3,026 2.83%
    Black 5 $1,145,000 $229,000 $2,004 3.40%
    Asian Indian 1 $385,000 $385,000 $2,193 2.25%
    American Indian 1 $145,000 $145,000 $2,840 3.63%
    Japanese 1 $115,000 $115,000 $1,978 2.63%

    Approval Rates

    Total approvals of all applications
    79.93%

    Pima Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    66.07%

    Pima Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 504 $143,750,000 $285,218

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 47 $62,355,000 $1,326,702
    Single Family (1-4 Units):Manufactured 22 $2,790,000 $126,818
    Single Family (1-4 Units):Site-Built 435 $78,605,000 $180,701

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $8,235,000 $144,474 $2,303 2.85%
    40-60% 120 $27,670,000 $230,583 $2,201 2.94%
    60-80% 231 $87,815,000 $380,152 $2,487 3.33%
    80-100% 90 $19,590,000 $217,667 $2,916 3.46%
    Under 20% 6 $440,000 $73,333 $2,769 2.71%