Pima Federal Credit Union Mortgage Rates, Fees & Info

Tucson, AZ

LEI: 549300EZHVOHDWG07M20

Tax ID: 86-0124950

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Mortgage Data

Review & Overview

Pima Federal Credit Union is a smaller credit union specializing in Cash Out 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, Nogales, Show Low, and Yuma 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.33% 3/28/24
30 Year Conventional Refi 6.40% 3/28/24
30 Year Cash-out Refi 6.44% 3/28/24
15 Year Conventional Purchase 5.87% 3/28/24
15 Year Conventional Refi 5.88% 3/28/24
15 Year Cash-out Refi 5.88% 3/28/24
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.

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

479

Origination Dollar Volume (All Markets)

$147,095,000

Awards

PIMA Federal Credit Union 30 Year Conventional Loans gold PIMA Federal Credit Union 30 Year Conventional Loans silver
Show all (2) 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) 429 $131,045,000 $305,466 $2,639 2.98%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 21 $7,775,000 $370,238 $2,941 3.09%
Nogales, AZ (FHA|USDA|VA) 6 $4,330,000 $721,667 $2,540 3.17%
Outside of Metro Areas 14 $2,390,000 $170,714 $2,540 2.94%
Show Low, AZ (FHA|USDA|VA) 3 $605,000 $201,667 $3,287 3.17%
YUMA, AZ (FHA|USDA|VA) 3 $585,000 $195,000 $3,587 3.00%
Payson, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $4,558 3.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $3,335 3.25%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $2,674 2.75%
Pima Federal Credit Union's top markets include Tucson, Phoenix, Nogales, Show Low, and Yuma among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 479 $147,095,000 $307,088 $2,666 2.99%

    For 2021, Pima Federal Credit Union's most frequently originated type of loan was Conventional, with 479 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 166 $52,910,000 $318,735 $2,506 3.03%
    Refi 156 $24,550,000 $157,372 $2,168 2.81%
    Home Purchase 111 $61,865,000 $557,342 $4,145 3.17%
    Home Improvement 41 $7,275,000 $177,439 $2,255 3.05%
    Other 5 $495,000 $99,000 $1,630 2.88%

    For 2021, Pima Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 166 originations. The 2nd most popular reason was Refi, with 156 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 223 $49,485,000 $221,906 $2,994 3.06%
    15 Year 186 $86,850,000 $466,935 $2,272 3.03%
    20 Year 42 $6,740,000 $160,476 $2,437 2.91%
    10 Year 26 $3,910,000 $150,385 $2,280 2.27%
    Other 2 $110,000 $55,000 $0 3.13%

    For 2021, Pima Federal Credit Union's most frequently cited loan duration was 30 Year, with 223 originations. The 2nd most popular length was 15 Year, with 186 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 269 $50,515,000 $187,788
    $1k-2k 131 $23,915,000 $182,557
    $2k-3k 13 $2,645,000 $203,462
    $3k-4k 1 $185,000 $185,000
    $4k-5k 1 $155,000 $155,000

    Pima Federal Credit Union's average total fees were $2,994, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 269 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 202 $41,650,000 $206,188
    3-4% 187 $90,905,000 $486,123
    <2.5% 88 $12,990,000 $147,614
    4-5% 2 $1,550,000 $775,000

    During 2021, Pima Federal Credit Union's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 202 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 208 $30,160,000 $145,000 $2,440 2.83%
    $200k-400k 121 $32,875,000 $271,694 $3,368 3.01%
    $100,000 or less 74 $5,640,000 $76,216 $1,859 2.86%
    $400k-600k 31 $15,185,000 $489,839 $3,885 3.47%
    $600k-1MM 28 $20,410,000 $728,929 $4,156 3.47%
    $1MM+ 17 $42,825,000 $2,519,118 $0 3.71%

    2021 saw Pima Federal Credit Union place emphasis on $100k-200k loans with 208 originations, totaling $30,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 121 $14,645,000 $121,033 $2,452 2.93%
    $50k-75k 97 $15,535,000 $160,155 $2,403 2.83%
    $75k-100k 82 $15,720,000 $191,707 $2,639 2.88%
    $100k-150k 70 $16,710,000 $238,714 $3,136 2.88%
    $150k-250k 37 $11,495,000 $310,676 $2,941 2.83%
    $250k+ 7 $2,935,000 $419,286 $4,276 2.73%

    Pima Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 121 originations. The second most popular income band? $50k-75k, with 97 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 110 $21,020,000 $191,091 $2,813 2.87%
    30-36% 93 $16,705,000 $179,624 $2,613 2.89%
    <20% 52 $7,940,000 $152,692 $2,418 2.78%
    43% 22 $5,080,000 $230,909 $2,857 2.99%
    37% 18 $2,970,000 $165,000 $2,115 2.90%
    42% 16 $3,680,000 $230,000 $2,797 2.95%
    40% 15 $2,445,000 $163,000 $2,749 2.89%
    41% 14 $2,700,000 $192,857 $2,681 2.85%
    44% 14 $3,010,000 $215,000 $2,927 2.88%
    39% 13 $2,685,000 $206,538 $2,745 2.96%
    38% 10 $1,620,000 $162,000 $2,296 2.89%
    36% 9 $1,765,000 $196,111 $3,138 2.72%
    48% 7 $1,095,000 $156,429 $2,386 2.95%
    46% 6 $1,230,000 $205,000 $2,746 2.69%
    47% 6 $1,430,000 $238,333 $2,957 3.17%
    45% 5 $985,000 $197,000 $2,616 2.78%
    49% 4 $690,000 $172,500 $2,342 3.00%
    >60% 1 $365,000 $365,000 $2,568 2.25%

    Pima Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 110 originations. The next most common DTI ratio? 30-36%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 62 $68,860,000 $1,110,645 $0 3.73%
    White 349 $64,325,000 $184,312 $2,691 2.87%
    Not provided 51 $9,605,000 $188,333 $2,279 2.92%
    Asian 5 $1,715,000 $343,000 $3,117 2.55%
    Black 6 $1,280,000 $213,333 $2,536 2.96%
    Native Hawaiian or Islander 2 $580,000 $290,000 $3,987 3.38%
    American Indian 3 $545,000 $181,667 $3,826 3.25%
    Chinese 1 $185,000 $185,000 $5,438 2.00%

    Approval Rates

    Total approvals of all applications
    79.30%

    Pima Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.14%

    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 479 $147,095,000 $307,088

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    479 $147,095,000 $307,088

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 64 $9,110,000 $142,344 $2,055 2.79%
    40-60% 130 $27,000,000 $207,692 $2,325 2.82%
    60-80% 218 $76,820,000 $352,385 $2,742 3.15%
    80-100% 57 $16,765,000 $294,123 $3,903 3.01%
    Over 100% 1 $16,475,000 $16,475,000 $0 3.88%
    Under 20% 9 $925,000 $102,778 $2,071 2.64%