White Rose Credit Union Mortgage Rates, Fees & Info

York, PA

LEI: 549300LQBQA3XIDZPS96

Tax ID: 23-1402813

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
  • Complaints
  • 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

    White Rose Credit Union is a smaller credit union specializing in Refi loans. White Rose Credit Union has a high proportion of conventional loans. Their top two markets are York and State College .

    White Rose Credit Union has an above 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 7.42% 11/21/24
    30 Year Conventional Refi 6.56% 11/21/24
    30 Year Cash-out Refi 6.73% 11/21/24
    15 Year Conventional Refi 5.65% 11/21/24
    15 Year Cash-out Refi 5.65% 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.

    White Rose Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from White Rose 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

    30

    Origination Dollar Volume (All Markets)

    $2,010,000

    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) 29 $1,855,000 $63,966 $19,147 5.44%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $155,000 $155,000 $6,281 4.25%
    White Rose Credit Union's top markets include York and State College among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 30 $2,010,000 $67,000 $18,704 5.40%

    For 2019, White Rose 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 28 $1,770,000 $63,214 $19,761 5.49%
    Home Purchase 1 $85,000 $85,000 $2,586 4.13%
    Cash Out Refi 1 $155,000 $155,000 $6,281 4.25%

    For 2019, White Rose Credit Union's most frequently cited loan purpose was Refi, with 28 originations. The 2nd most popular reason was Home Purchase, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 19 $1,315,000 $69,211 $27,971 5.37%
    10 Year 8 $490,000 $61,250 $519 5.71%
    Other 2 $180,000 $90,000 $6,281 4.25%
    5 Year 1 $25,000 $25,000 $521 4.74%

    For 2019, White Rose Credit Union's most frequently cited loan duration was 15 Year, with 19 originations. The 2nd most popular length was 10 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1 $85,000 $85,000
    $3k-4k 1 $155,000 $155,000

    White Rose 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 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 15 $965,000 $64,333
    5-6% 5 $215,000 $43,000
    3-4% 4 $390,000 $97,500
    Over 8% 4 $300,000 $75,000
    6-7% 1 $115,000 $115,000

    During 2019, White Rose Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 15 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 26 $1,440,000 $55,385 $588 5.50%
    $100k-200k 4 $570,000 $142,500 $131,929 4.81%

    2019 saw White Rose Credit Union place emphasis on $100,000 or less loans with 26 originations, totaling $1,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $675,000 $61,364 $726 6.03%
    $50k or less 8 $600,000 $75,000 $65,502 4.93%
    $100k-150k 5 $355,000 $71,000 $520 4.44%
    $150k-250k 3 $95,000 $31,667 $521 4.91%
    $75k-100k 3 $285,000 $95,000 $2,323 6.66%

    White Rose Credit Union lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 11 $715,000 $65,000 $488 5.54%
    40% 3 $145,000 $48,333 $518 8.49%
    30-36% 3 $235,000 $78,333 $519 5.32%
    50-60% 2 $100,000 $50,000 $518 4.49%
    45% 2 $120,000 $60,000 $516 4.24%
    39% 1 $65,000 $65,000 $516 4.74%
    37% 1 $55,000 $55,000 $521 4.24%
    43% 1 $155,000 $155,000 $6,281 4.25%
    44% 1 $45,000 $45,000 $521 5.49%
    <20% 1 $85,000 $85,000 $2,586 4.13%
    48% 1 $175,000 $175,000 $520,396 4.24%
    49% 1 $45,000 $45,000 $516 4.49%
    38% 1 $45,000 $45,000 $521 5.24%

    White Rose Credit Union lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 40%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 27 $1,935,000 $71,667 $20,051 5.41%
    Black 2 $50,000 $25,000 $516 4.74%
    Not applicable 1 $25,000 $25,000 $516 5.74%

    Approval Rates

    Total approvals of all applications
    93.33%

    White Rose Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.33%

    White Rose Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 30 $2,010,000 $67,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $85,000 $85,000
    Single Family (1-4 Units):Site-Built 29 $1,925,000 $66,379

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $500,000 $50,000 $519 4.79%
    40-60% 7 $575,000 $82,143 $470 5.67%
    60-80% 3 $335,000 $111,667 $2,439 5.33%
    80-100% 4 $430,000 $107,500 $131,005 5.52%
    Under 20% 5 $145,000 $29,000 $519 6.19%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    WATERSTONE MORTGAGE CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    WATERSTONE MORTGAGE CORPORATION FHA mortgage Closing on a mortgage 2 40.0%
    WATERSTONE MORTGAGE CORPORATION Other type of mortgage Closing on a mortgage 1 20.0%
    WATERSTONE MORTGAGE CORPORATION VA mortgage Closing on a mortgage 1 20.0%