West-aircomm Federal Credit Union Mortgage Rates, Fees & Info

Beaver, PA

LEI: 549300JUU7PS6Y4KM909

Tax ID: 25-0997697

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    West-aircomm Federal Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. West-aircomm Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Jacksonville, and Morgantown among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    West-aircomm Federal Credit Union has an above average approval rate when compared to the average across all lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Purchase 5.68% 12/4/24
    15 Year Conventional Refi 5.95% 12/4/24
    15 Year Cash-out Refi 5.95% 12/4/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    West-aircomm Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from West-aircomm Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    83

    Origination Dollar Volume (All Markets)

    $5,225,000

    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
    PITTSBURGH, PA (FHA|USDA|VA) 81 $5,055,000 $62,407 $495 4.61%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $838 3.89%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $25,000 $25,000 $688 3.89%
    West-aircomm Federal Credit Union's top markets include Pittsburgh, Jacksonville, and Morgantown among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 83 $5,225,000 $62,952 $501 4.60%

    For 2018, West-aircomm Federal Credit Union's most frequently originated type of loan was Conventional, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 43 $2,055,000 $47,791 $519 4.50%
    Refi 35 $2,725,000 $77,857 $485 4.70%
    Home Purchase 5 $445,000 $89,000 $464 4.66%

    For 2018, West-aircomm Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 43 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 67 $4,235,000 $63,209 $512 4.64%
    10 Year 6 $320,000 $53,333 $481 4.45%
    5 Year 5 $195,000 $39,000 $442 3.61%
    15 Year 4 $390,000 $97,500 $445 5.05%
    20 Year 1 $85,000 $85,000 $416 5.46%

    For 2018, West-aircomm Federal Credit Union's most frequently cited loan duration was Other, with 67 originations. The 2nd most popular length was 10 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 83 $5,225,000 $62,952

    West-aircomm Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 83 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 31 $2,105,000 $67,903
    3-4% 29 $1,425,000 $49,138
    5-6% 18 $1,430,000 $79,444
    6-7% 2 $180,000 $90,000
    7-8% 2 $70,000 $35,000
    2.5-3% 1 $15,000 $15,000

    During 2018, West-aircomm Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 66 $3,200,000 $48,485 $499 4.55%
    $100k-200k 17 $2,025,000 $119,118 $513 4.78%

    2018 saw West-aircomm Federal Credit Union place emphasis on $100,000 or less loans with 66 originations, totaling $3,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 26 $1,570,000 $60,385 $513 4.76%
    $50k or less 16 $830,000 $51,875 $481 4.65%
    $50k-75k 15 $875,000 $58,333 $481 4.43%
    $75k-100k 13 $915,000 $70,385 $500 4.79%
    $150k-250k 12 $1,000,000 $83,333 $540 4.23%
    $250k+ 1 $35,000 $35,000 $415 3.70%

    West-aircomm Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $50k or less, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 27 $1,645,000 $60,926 $509 4.45%
    <20% 17 $975,000 $57,353 $530 4.37%
    30-36% 15 $1,105,000 $73,667 $450 4.56%
    50-60% 6 $310,000 $51,667 $479 4.49%
    39% 4 $210,000 $52,500 $496 4.66%
    36% 4 $380,000 $95,000 $547 4.97%
    41% 3 $235,000 $78,333 $536 5.13%
    38% 1 $45,000 $45,000 $405 7.48%
    46% 1 $75,000 $75,000 $536 5.00%
    47% 1 $115,000 $115,000 $416 3.89%
    48% 1 $25,000 $25,000 $540 4.45%
    43% 1 $25,000 $25,000 $625 7.31%
    40% 1 $45,000 $45,000 $416 5.00%
    42% 1 $35,000 $35,000 $525 4.50%

    West-aircomm Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 27 originations. The next most common DTI ratio? <20%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 67 $4,295,000 $64,104 $515 4.55%
    Not provided 15 $905,000 $60,333 $433 4.75%
    Black 1 $25,000 $25,000 $625 5.47%

    Approval Rates

    Total approvals of all applications
    96.51%

    West-aircomm Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 83 $5,225,000 $62,952

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 83 $5,225,000 $62,952

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $1,050,000 $47,727 $509 4.43%
    40-60% 16 $1,010,000 $63,125 $486 4.96%
    60-80% 22 $1,890,000 $85,909 $491 4.82%
    80-100% 8 $860,000 $107,500 $554 4.62%
    Under 20% 15 $415,000 $27,667 $494 4.11%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    WESTERN UNION COMPANY, THE Conventional home mortgage Trouble during payment process 15 65.2%
    WESTERN UNION COMPANY, THE FHA mortgage Trouble during payment process 1 4.3%
    WESTERN UNION COMPANY, THE Other type of mortgage Trouble during payment process 3 13.0%
    WESTERN UNION COMPANY, THE VA mortgage Trouble during payment process 4 17.4%