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 Other, Home Improvement, and Refi loans. West-aircomm Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top two markets are Pittsburgh and New Castle .West-aircomm Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
167Origination Dollar Volume (All Markets)
$14,705,000Top 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) | 164 | $14,580,000 | $88,902 | $470 | 4.44% |
| New Castle, PA (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $509 | 4.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 166 | $14,590,000 | $87,892 | $471 | 4.43% |
| FHA | 1 | $115,000 | $115,000 | $408 | 5.00% |
For 2022, West-aircomm Federal Credit Union's most frequently originated type of loan was Conventional, with 166 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2022, West-aircomm Federal Credit Union's most frequently cited loan purpose was Other, with 82 originations. The 2nd most popular reason was Home Improvement, with 49 originations.
Loan Duration/Length
For 2022, West-aircomm Federal Credit Union's most frequently cited loan duration was 15 Year, with 115 originations. The 2nd most popular length was 10 Year, with 31 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 163 | $14,285,000 | $87,638 |
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 163 originations.
Interest Rates
During 2022, 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 75 originations.
Loan Sizing
2022 saw West-aircomm Federal Credit Union place emphasis on $100,000 or less loans with 115 originations, totaling $5,825,000 in origination value.
Applicant Income
West-aircomm Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $100k-150k, with 38 originations.
Applicant Debt to Income Ratio
West-aircomm Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 50 originations. The next most common DTI ratio? 30-36%, with 31 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.76%
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 origination93.41%
West-aircomm Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 167 | $14,705,000 | $88,054 |