Wnc Community Credit Union Mortgage Rates, Fees & Info
Waynesville, NCLEI: 549300L5UYS2WUV8D581
Tax ID: 56-6045330
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Wnc Community Credit Union is a smaller credit union specializing in Other, Home Purchase, and Cash Out Refi loans. Wnc Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Asheville, Atlanta, and Cullowhee among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Wnc Community Credit Union 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.
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 | 6.35% | 11/21/24 |
| 30 Year Cash-out Refi | 6.25% | 11/21/24 |
| 15 Year Conventional Purchase | 5.94% | 11/21/24 |
| 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. | ||
Wnc Community Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Wnc Community Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
58Origination Dollar Volume (All Markets)
$7,980,000Top 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 |
|---|---|---|---|---|---|
| ASHEVILLE, NC (FHA|USDA|VA) | 50 | $6,620,000 | $132,400 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,090,000 | $181,667 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against WNC Community 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 | 58 | $7,980,000 | $137,586 | $0 | 0.00% |
For 2018, Wnc Community Credit Union's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
For 2018, Wnc Community Credit Union's most frequently cited loan purpose was Other, with 27 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 58 | $7,980,000 | $137,586 | $0 | 0.00% |
For 2018, Wnc Community Credit Union's most frequently cited loan duration was Other, with 58 originations.
Loan Sizing
2018 saw Wnc Community Credit Union place emphasis on $100k-200k loans with 23 originations, totaling $3,065,000 in origination value.
Applicant Income
Wnc Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $50k or less, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 58 | $7,980,000 | $137,586 | $0 | 0.00% |
Wnc Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.53%
Wnc Community Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination84.48%
Wnc Community Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 58 | $7,980,000 | $137,586 |