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, Athens, Charleston, and Point Pleasant among others. We have data for 8 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
188Origination Dollar Volume (All Markets)
$20,610,000Top 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) | 139 | $14,775,000 | $106,295 | $0 | 0.00% |
| Marietta, OH (FHA|USDA|VA) | 17 | $2,565,000 | $150,882 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $1,780,000 | $80,909 | $0 | 0.00% |
| Athens, OH (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 0.00% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 188 | $20,610,000 | $109,628 | $0 | 0.00% |
For 2021, West Virginia Central Federal Credit Union's most frequently originated type of loan was Conventional, with 188 originations.
Loan Reason
For 2021, West Virginia Central Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 142 originations. The 2nd most popular reason was Home Purchase, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 188 | $20,610,000 | $109,628 | $0 | 0.00% |
For 2021, West Virginia Central Federal Credit Union's most frequently cited loan duration was Other, with 188 originations.
Loan Sizing
2021 saw West Virginia Central Federal Credit Union place emphasis on $100,000 or less loans with 101 originations, totaling $6,675,000 in origination value.
Applicant Income
West Virginia Central Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 54 originations. The second most popular income band? $50k-75k, with 48 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 188 | $20,610,000 | $109,628 | $0 | 0.00% |
West Virginia Central Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 188 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.56%
West Virginia Central Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination85.64%
West Virginia Central Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 188 | $20,610,000 | $109,628 |