West Virginia Central Federal Credit Union Mortgage Rates, Fees & Info
Parkersburg, WVLEI: 549300FFFM0IGJLBWH48
Tax ID: 55-0518255
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
West Virginia Central Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. West Virginia Central Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Parkersburg, Marietta, Charleston, Athens, and Columbus among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)West Virginia Central Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
167Origination Dollar Volume (All Markets)
$18,705,000Top 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 |
|---|---|---|---|---|---|
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 134 | $14,790,000 | $110,373 | $0 | 0.00% |
| Marietta, OH (FHA|USDA|VA) | 15 | $1,785,000 | $119,000 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,065,000 | $96,818 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 0.00% |
| Athens, OH (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 167 | $18,705,000 | $112,006 | $0 | 0.00% |
For 2020, West Virginia Central Federal Credit Union's most frequently originated type of loan was Conventional, with 167 originations.
Loan Reason
For 2020, West Virginia Central Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 127 originations. The 2nd most popular reason was Home Purchase, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 167 | $18,705,000 | $112,006 | $0 | 0.00% |
For 2020, West Virginia Central Federal Credit Union's most frequently cited loan duration was Other, with 167 originations.
Loan Sizing
2020 saw West Virginia Central Federal Credit Union place emphasis on $100,000 or less loans with 90 originations, totaling $5,990,000 in origination value.
Applicant Income
West Virginia Central Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $50k or less, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 167 | $18,705,000 | $112,006 | $0 | 0.00% |
West Virginia Central Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 167 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.42%
West Virginia Central Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination83.83%
West Virginia Central Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 167 | $18,705,000 | $112,006 |