Wnc Community Credit Union Mortgage Rates, Fees & Info

Waynesville, NC

LEI: 549300L5UYS2WUV8D581

Tax ID: 56-6045330

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
  • Similar Lenders
  • 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

    Wnc Community Credit Union is a smaller credit union specializing in Cash Out Refi and Other loans. Wnc Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Asheville, Cullowhee, and Shelby among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Wnc Community Credit Union has an above average approval rate when compared to the average across all lenders. Wnc Community 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 6.35% 11/17/24
    30 Year Cash-out Refi 6.25% 11/17/24
    15 Year Conventional Purchase 5.94% 11/17/24
    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

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

    This is not an official calculator from Wnc Community 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

    63

    Origination Dollar Volume (All Markets)

    $13,545,000

    Awards

    WNC Community Credit Union 30 Year Conventional Loans gold WNC Community Credit Union 30 Year Conventional Loans gold WNC Community Credit Union 30 Year Conventional Loans silver WNC Community Credit Union 30 Year Conventional Loans silver
    Show all (4) awards

    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
    ASHEVILLE, NC (FHA|USDA|VA) 53 $11,445,000 $215,943 $2,010 4.40%
    Cullowhee, NC (FHA|USDA|VA) 9 $1,665,000 $185,000 $2,199 4.95%
    Shelby, NC (FHA|USDA|VA) 1 $435,000 $435,000 $2,466 4.20%
    Wnc Community Credit Union's top markets include Asheville, Cullowhee, and Shelby among others.

    Their top states include:
  • North Carolina (FHA|USDA|VA)

    • 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.

    WNC Community Credit Union
    Similarity Rank: 48
    Telco Community Credit Union
    Similarity Rank: 648
    LOCAL GOVERNMENT FEDERAL CREDIT UNION
    Similarity Rank: 896
    Champion Credit Union
    Similarity Rank: 1053
    STATE EMPLOYEES'
    Similarity Rank: 1248
    Morgan Stanley Private Bank
    Similarity Rank: 2305
    AMERICAN FINANCIAL RESOURCES, INC.
    Similarity Rank: 2590
    First Bank
    Similarity Rank: 3430
    Magnolia Bank
    Similarity Rank: 4122
    HomeTrust Bank
    Similarity Rank: 4320

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 63 $13,545,000 $215,000 $2,044 4.47%

    For 2022, Wnc Community Credit Union's most frequently originated type of loan was Conventional, with 63 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 34 $6,080,000 $178,824 $1,665 4.06%
    Other 18 $5,150,000 $286,111 $2,550 5.52%
    Home Purchase 11 $2,315,000 $210,455 $2,389 4.02%

    For 2022, Wnc Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 34 originations. The 2nd most popular reason was Other, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 28 $6,370,000 $227,500 $1,939 4.23%
    15 Year 19 $2,345,000 $123,421 $1,633 3.92%
    30+ year 11 $4,415,000 $401,364 $3,045 6.00%
    Other 3 $315,000 $105,000 $2,615 5.35%
    10 Year 2 $100,000 $50,000 $1,063 3.38%

    For 2022, Wnc Community Credit Union's most frequently cited loan duration was 30 Year, with 28 originations. The 2nd most popular length was 15 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 63 $13,545,000 $215,000

    Wnc Community Credit Union's average total fees were $1,939, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 63 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 22 $6,010,000 $273,182
    3-4% 20 $3,640,000 $182,000
    4-5% 15 $3,205,000 $213,667
    2.5-3% 6 $690,000 $115,000

    During 2022, Wnc Community Credit Union's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 5-6%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 29 $4,155,000 $143,276 $1,936 4.52%
    $200k-400k 15 $4,135,000 $275,667 $2,245 4.77%
    $100,000 or less 11 $735,000 $66,818 $1,340 3.56%
    $400k-600k 6 $2,890,000 $481,667 $2,946 4.95%
    $1MM+ 1 $1,015,000 $1,015,000 $3,820 6.00%
    $600k-1MM 1 $615,000 $615,000 $2,730 4.20%

    2022 saw Wnc Community Credit Union place emphasis on $100k-200k loans with 29 originations, totaling $4,155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 19 $3,055,000 $160,789 $1,679 4.11%
    $50k or less 14 $1,860,000 $132,857 $1,862 4.36%
    $75k-100k 11 $2,075,000 $188,636 $2,351 4.91%
    $100k-150k 10 $3,630,000 $363,000 $2,610 4.89%
    $150k-250k 6 $2,560,000 $426,667 $2,657 4.68%
    $250k+ 3 $365,000 $121,667 $974 3.85%

    Wnc Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $50k or less, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 18 $2,770,000 $153,889 $1,990 4.32%
    <20% 10 $2,220,000 $222,000 $1,995 4.17%
    30-36% 9 $1,785,000 $198,333 $2,187 4.78%
    39% 4 $890,000 $222,500 $1,891 3.60%
    43% 4 $750,000 $187,500 $1,898 4.84%
    36% 3 $495,000 $165,000 $1,749 4.95%
    38% 3 $1,385,000 $461,667 $2,716 5.40%
    50-60% 2 $230,000 $115,000 $1,333 4.80%
    40% 2 $390,000 $195,000 $2,028 4.20%
    41% 2 $560,000 $280,000 $2,016 3.83%
    42% 1 $345,000 $345,000 $3,107 6.00%
    44% 1 $1,015,000 $1,015,000 $3,820 6.00%
    45% 1 $175,000 $175,000 $1,872 3.75%
    47% 1 $215,000 $215,000 $1,948 3.90%
    48% 1 $175,000 $175,000 $1,680 3.60%
    37% 1 $145,000 $145,000 $1,604 5.55%

    Wnc Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? <20%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 59 $13,095,000 $221,949 $2,035 4.43%
    Not applicable 2 $280,000 $140,000 $2,623 5.33%
    American Indian 1 $125,000 $125,000 $1,659 4.95%
    Other Pacific Islander 1 $45,000 $45,000 $1,790 4.95%

    Approval Rates

    Total approvals of all applications
    91.30%

    Wnc Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 63 $13,545,000 $215,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    63 $13,545,000 $215,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $745,000 $106,429 $1,610 4.33%
    40-60% 19 $2,685,000 $141,316 $1,950 4.46%
    60-80% 19 $4,575,000 $240,789 $2,148 4.37%
    80-100% 18 $5,540,000 $307,778 $2,203 4.65%