White Rose Credit Union Mortgage Rates, Fees & Info
York, PALEI: 549300LQBQA3XIDZPS96
Tax ID: 23-1402813
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Mortgage Data
Review & Overview
White Rose Credit Union is a smaller credit union specializing in Other loans. White Rose Credit Union has a high proportion of conventional loans. Their top (well, only) market is York.White Rose 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. White Rose 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 relatively high 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 | 7.70% | 4/5/25 |
| 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. | ||
White Rose Credit Union Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
38Origination Dollar Volume (All Markets)
$2,340,000Relative Rate
White Rose Credit Union's average 30 year fixed mortgage rate was
7.38%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.83%.
Relative Fees (Closing Costs)
White Rose Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,857.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| YORK-HANOVER, PA (FHA|USDA|VA) | 38 | $2,340,000 | $61,579 | $699 | 7.94% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $2,340,000 | $61,579 | $699 | 7.94% |
For 2024, White Rose Credit Union's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 37 | $2,115,000 | $57,162 | $613 | 7.96% |
| Home Purchase | 1 | $225,000 | $225,000 | $3,857 | 7.38% |
For 2024, White Rose Credit Union's most frequently cited loan purpose was Other, with 37 originations. The 2nd most popular reason was Home Purchase, with 1 originations.
Loan Duration/Length
For 2024, White Rose Credit Union's most frequently cited loan duration was 10 Year, with 16 originations. The 2nd most popular length was 15 Year, with 12 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $225,000 | $225,000 |
White Rose Credit Union's average total fees were $3,857, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 10 | $550,000 | $55,000 |
| 7-8% | 10 | $820,000 | $82,000 |
| Over 8% | 8 | $340,000 | $42,500 |
| 5-6% | 5 | $175,000 | $35,000 |
During 2024, White Rose Credit Union's average interest rate for loans was 7.38%, while their most frequently originated rate bucket for loans was 6-7%, with 10 originations.
Loan Sizing
2024 saw White Rose Credit Union place emphasis on $100,000 or less loans with 34 originations, totaling $1,610,000 in origination value.
Applicant Income
White Rose Credit Union lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
White Rose Credit Union lent most frequently to those with DTI ratios of <20%, with 6 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.21%
White Rose Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination81.58%
White Rose Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 38 | $2,340,000 | $61,579 |