West-aircomm Federal Credit Union Mortgage Rates, Fees & Info
Beaver, PALEI: 549300JUU7PS6Y4KM909
Tax ID: 25-0997697
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Mortgage Data
Review & Overview
West-aircomm Federal Credit Union is a smaller credit union specializing in Refi and Home Improvement loans. West-aircomm Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.West-aircomm Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Purchase | 5.68% | 5/5/24 |
| 15 Year Conventional Refi | 5.95% | 5/5/24 |
| 15 Year Cash-out Refi | 5.95% | 5/5/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
61Origination Dollar Volume (All Markets)
$4,725,000Top 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 |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 61 | $4,725,000 | $77,459 | $0 | 3.84% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $4,725,000 | $77,459 | $0 | 3.84% |
For 2020, West-aircomm Federal Credit Union's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 33 | $3,485,000 | $105,606 | $0 | 3.55% |
| Home Improvement | 26 | $1,090,000 | $41,923 | $0 | 4.26% |
| Home Purchase | 2 | $150,000 | $75,000 | $0 | 3.25% |
For 2020, West-aircomm Federal Credit Union's most frequently cited loan purpose was Refi, with 33 originations. The 2nd most popular reason was Home Improvement, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $4,725,000 | $77,459 | $0 | 3.84% |
For 2020, West-aircomm Federal Credit Union's most frequently cited loan duration was Other, with 61 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 41 | $3,515,000 | $85,732 |
| 4-5% | 15 | $995,000 | $66,333 |
| 5-6% | 5 | $215,000 | $43,000 |
During 2020, West-aircomm Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 41 originations.
Loan Sizing
2020 saw West-aircomm Federal Credit Union place emphasis on $100,000 or less loans with 41 originations, totaling $1,855,000 in origination value.
Applicant Income
West-aircomm Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $75k-100k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 43% | 61 | $4,725,000 | $77,459 | $0 | 3.84% |
West-aircomm Federal Credit Union lent most frequently to those with DTI ratios of 43%, with 61 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 50 | $3,630,000 | $72,600 | $0 | 3.79% |
| Not provided | 10 | $1,030,000 | $103,000 | $0 | 3.92% |
| Black | 1 | $65,000 | $65,000 | $0 | 5.52% |
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 61 | $4,725,000 | $77,459 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 61 | $4,725,000 | $77,459 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WESTERN UNION COMPANY, THE | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| WESTERN UNION COMPANY, THE | Other type of mortgage | Trouble during payment process | 1 | 50.0% |