Panhandle Federal Credit Union Mortgage Rates, Fees & Info
Wellington, KSLEI: 549300KZ01YWJR4OIS58
Tax ID: 48-0644752
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Mortgage Data
Review & Overview
Panhandle Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Panhandle Federal Credit Union has a high proportion of conventional loans. Their top two markets are Wichita and Winfield .Panhandle Federal Credit Union has an above average approval rate when compared to the average across all lenders. Panhandle Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| 15 Year FHA Refi | 5.68% | 12/16/24 |
| 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. | ||
Panhandle 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
30Origination Dollar Volume (All Markets)
$2,380,000Top 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 |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 28 | $2,340,000 | $83,571 | $963 | 3.59% |
| Winfield, KS (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $697 | 5.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against PANHANDLE FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $2,380,000 | $79,333 | $946 | 3.69% |
For 2020, Panhandle Federal Credit Union's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 23 | $1,845,000 | $80,217 | $867 | 3.65% |
| Home Purchase | 7 | $535,000 | $76,429 | $1,203 | 3.80% |
For 2020, Panhandle Federal Credit Union's most frequently cited loan purpose was Refi, with 23 originations. The 2nd most popular reason was Home Purchase, with 7 originations.
Loan Duration/Length
For 2020, Panhandle Federal Credit Union's most frequently cited loan duration was 15 Year, with 14 originations. The 2nd most popular length was 30 Year, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 11 | $645,000 | $58,636 |
| 3-4% | 10 | $920,000 | $92,000 |
| 2.5-3% | 5 | $545,000 | $109,000 |
| <2.5% | 4 | $270,000 | $67,500 |
During 2020, Panhandle Federal Credit Union's average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was 4-5%, with 11 originations.
Loan Sizing
2020 saw Panhandle Federal Credit Union place emphasis on $100,000 or less loans with 21 originations, totaling $885,000 in origination value.
Applicant Income
Panhandle Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 17 | $1,025,000 | $60,294 | $896 | 3.92% |
| 20-30% | 9 | $1,015,000 | $112,778 | $1,056 | 3.19% |
| 30-36% | 4 | $340,000 | $85,000 | $907 | 3.82% |
Panhandle Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 17 originations. The next most common DTI ratio? 20-30%, with 9 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 30 | $2,380,000 | $79,333 | $946 | 3.69% |
Approval Rates
Total approvals of all applications93.75%
Panhandle Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 30 | $2,380,000 | $79,333 |