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 and Home Purchase loans. West Virginia Central Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Parkersburg, Marietta, Charleston, and Athens among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)West Virginia Central 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.
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Originations
87Origination Dollar Volume (All Markets)
$7,915,000Top 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) | 62 | $5,110,000 | $82,419 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,555,000 | $141,364 | $0 | 0.00% |
| Marietta, OH (FHA|USDA|VA) | 11 | $905,000 | $82,273 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| Athens, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 87 | $7,915,000 | $90,977 | $0 | 0.00% |
For 2022, West Virginia Central Federal Credit Union's most frequently originated type of loan was Conventional, with 87 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 64 | $5,510,000 | $86,094 | $0 | 0.00% |
| Home Purchase | 22 | $2,120,000 | $96,364 | $0 | 0.00% |
| Refi | 1 | $285,000 | $285,000 | $0 | 0.00% |
For 2022, West Virginia Central Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 64 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 | 87 | $7,915,000 | $90,977 | $0 | 0.00% |
For 2022, West Virginia Central Federal Credit Union's most frequently cited loan duration was Other, with 87 originations.
Loan Sizing
2022 saw West Virginia Central Federal Credit Union place emphasis on $100,000 or less loans with 64 originations, totaling $3,940,000 in origination value.
Applicant Income
West Virginia Central Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $50k or less, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 87 | $7,915,000 | $90,977 | $0 | 0.00% |
West Virginia Central Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 87 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 85 | $7,655,000 | $90,059 | $0 | 0.00% |
| Black | 1 | $205,000 | $205,000 | $0 | 0.00% |
| American Indian | 1 | $55,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications89.60%
West Virginia Central Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination74.71%
West Virginia Central Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 87 | $7,915,000 | $90,977 |