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, Refi, and Home Purchase loans. Pgmefcu has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, Sayre, and East Stroudsburg among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Pgmefcu 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
29Origination Dollar Volume (All Markets)
$1,855,000Top 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 |
|---|---|---|---|---|---|
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 20 | $1,150,000 | $57,500 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $430,000 | $71,667 | $0 | 0.00% |
| Sayre, PA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $1,855,000 | $63,966 | $0 | 0.00% |
For 2023, Pgmefcu's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
For 2023, Pgmefcu's most frequently cited loan purpose was Home Improvement, with 15 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 29 | $1,855,000 | $63,966 | $0 | 0.00% |
For 2023, Pgmefcu's most frequently cited loan duration was Other, with 29 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 24 | $1,150,000 | $47,917 | $0 | 0.00% |
| $100k-200k | 5 | $705,000 | $141,000 | $0 | 0.00% |
2023 saw Pgmefcu place emphasis on $100,000 or less loans with 24 originations, totaling $1,150,000 in origination value.
Applicant Income
Pgmefcu lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 29 | $1,855,000 | $63,966 | $0 | 0.00% |
Pgmefcu lent most frequently to those with DTI ratios of Exempt%, with 29 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 28 | $1,830,000 | $65,357 | $0 | 0.00% |
| Black | 1 | $25,000 | $25,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications75.51%
Pgmefcu has a below average approval rate.
Pick Rate
Approvals leading to origination82.76%
Pgmefcu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 29 | $1,855,000 | $63,966 |