Pgmefcu Mortgage Rates, Fees & Info

Tunkhannock, PA

LEI: 549300IL3FQNU6YHBJ72

Tax ID: 23-1887056

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Mortgage Data

Review & Overview

Pgmefcu is a smaller credit union specializing in Refi and Home Improvement loans. Pgmefcu has a high proportion of conventional loans. Their top two markets are Scranton and Sayre .

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

67

Origination Dollar Volume (All Markets)

$6,565,000

Top 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) 51 $4,885,000 $95,784 $0 0.00%
Outside of Metro Areas 11 $1,075,000 $97,727 $0 0.00%
Sayre, PA (FHA|USDA|VA) 5 $605,000 $121,000 $0 0.00%
Pgmefcu's top markets include Scranton and Sayre among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 67 $6,565,000 $97,985 $0 0.00%

    For 2022, Pgmefcu's most frequently originated type of loan was Conventional, with 67 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 29 $3,925,000 $135,345 $0 0.00%
    Home Improvement 28 $1,550,000 $55,357 $0 0.00%
    Home Purchase 6 $770,000 $128,333 $0 0.00%
    Other 3 $245,000 $81,667 $0 0.00%
    Cash Out Refi 1 $75,000 $75,000 $0 0.00%

    For 2022, Pgmefcu's most frequently cited loan purpose was Refi, with 29 originations. The 2nd most popular reason was Home Improvement, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 67 $6,565,000 $97,985 $0 0.00%

    For 2022, Pgmefcu's most frequently cited loan duration was Other, with 67 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $2,050,000 $53,947 $0 0.00%
    $100k-200k 27 $4,035,000 $149,444 $0 0.00%
    $200k-400k 2 $480,000 $240,000 $0 0.00%

    2022 saw Pgmefcu place emphasis on $100,000 or less loans with 38 originations, totaling $2,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 18 $1,660,000 $92,222 $0 0.00%
    $100k-150k 17 $1,955,000 $115,000 $0 0.00%
    $50k-75k 17 $1,675,000 $98,529 $0 0.00%
    $50k or less 8 $670,000 $83,750 $0 0.00%
    $150k-250k 6 $570,000 $95,000 $0 0.00%

    Pgmefcu lent most frequently to those with incomes in the $75k-100k range, with 18 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 67 $6,565,000 $97,985 $0 0.00%

    Pgmefcu lent most frequently to those with DTI ratios of Exempt%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 67 $6,565,000 $97,985 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.44%

    Pgmefcu has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.06%

    Pgmefcu has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 67 $6,565,000 $97,985

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    67 $6,565,000 $97,985