Pgmefcu Mortgage Rates, Fees & Info
Tunkhannock, PALEI: 549300IL3FQNU6YHBJ72
Tax ID: 23-1887056
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Mortgage Data
Review & Overview
Pgmefcu is a smaller credit union specializing in Home Improvement and Refi loans. Pgmefcu has a high proportion of conventional loans. Their top two markets are Scranton and Sayre .Pgmefcu has a below average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
33Origination Dollar Volume (All Markets)
$2,625,000Top Markets
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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 |
|---|---|---|---|---|---|
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 23 | $1,775,000 | $77,174 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $715,000 | $79,444 | $0 | 0.00% |
| Sayre, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $2,625,000 | $79,545 | $0 | 0.00% |
For 2024, Pgmefcu's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
For 2024, Pgmefcu's most frequently cited loan purpose was Home Improvement, with 18 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $2,625,000 | $79,545 | $0 | 0.00% |
For 2024, Pgmefcu's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
2024 saw Pgmefcu place emphasis on $100,000 or less loans with 23 originations, totaling $1,215,000 in origination value.
Applicant Income
Pgmefcu lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $75k-100k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $2,625,000 | $79,545 | $0 | 0.00% |
Pgmefcu lent most frequently to those with DTI ratios of Exempt%, with 33 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 33 | $2,625,000 | $79,545 | $0 | 0.00% |
Approval Rates
Total approvals of all applications67.27%
Pgmefcu has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination90.91%
Pgmefcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 33 | $2,625,000 | $79,545 |