Park View Federal Credit Union Mortgage Rates, Fees & Info
Harrisonburg, VALEI: 549300LTO41UX0MSL179
Tax ID: 23-7089684
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Mortgage Data
Review & Overview
Park View Federal Credit Union is a smaller credit union specializing in Other, Cash Out Refi, and Home Purchase loans. Park View Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Harrisonburg, Staunton, Washington, Richmond, and Charlottesville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Park View Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Park View 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.18% | 11/17/24 |
| 30 Year Conventional Purchase | 7.42% | 11/17/24 |
| 30 Year Conventional Refi | 6.49% | 11/17/24 |
| 30 Year Cash-out Refi | 6.72% | 11/17/24 |
| 15 Year Conventional Purchase | 6.26% | 11/17/24 |
| 15 Year Conventional Refi | 6.55% | 11/17/24 |
| 15 Year Cash-out Refi | 6.55% | 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. | ||
Park View 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
460Origination Dollar Volume (All Markets)
$63,710,000Awards
PARK VIEW FEDERAL CREDIT UNION - 2022
PARK VIEW FEDERAL CREDIT UNION is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| HARRISONBURG, VA (FHA|USDA|VA) | 374 | $53,190,000 | $142,219 | $2,855 | 4.58% |
| STAUNTON, VA (FHA|USDA|VA) | 43 | $4,675,000 | $108,721 | $2,366 | 4.64% |
| Outside of Metro Areas | 21 | $2,675,000 | $127,381 | $2,916 | 5.34% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $1,688 | 4.80% |
| RICHMOND, VA (FHA|USDA|VA) | 6 | $1,120,000 | $186,667 | $0 | 4.54% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 6 | $670,000 | $111,667 | $0 | 4.17% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.25% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against PARK VIEW 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 |
|---|---|---|---|---|---|
| HELOC | 310 | $34,920,000 | $112,645 | n/a | 4.53% |
| Conventional | 150 | $28,790,000 | $191,933 | $2,794 | 4.81% |
For 2022, Park View Federal Credit Union's most frequently originated type of loan was HELOC, with 310 originations. Their 2nd most popular type was Conventional, with 150 originations.
Loan Reason
For 2022, Park View Federal Credit Union's most frequently cited loan purpose was Other, with 173 originations. The 2nd most popular reason was Cash Out Refi, with 139 originations.
Loan Duration/Length
For 2022, Park View Federal Credit Union's most frequently cited loan duration was 30 Year, with 330 originations. The 2nd most popular length was 15 Year, with 56 originations.
Origination Fees/Closing Costs
Park View Federal Credit Union's average total fees were $3,566, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 37 originations.
Interest Rates
During 2022, Park View Federal Credit Union's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 3-4%, with 167 originations.
Loan Sizing
2022 saw Park View Federal Credit Union place emphasis on $100,000 or less loans with 205 originations, totaling $11,545,000 in origination value.
Applicant Income
Park View Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 119 originations. The second most popular income band? $50k-75k, with 95 originations.
Applicant Debt to Income Ratio
Park View Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 123 originations. The next most common DTI ratio? <20%, with 102 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.79%
Park View Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.04%
Park View Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 14 | $1,830,000 | $130,714 |
| 1041.0 | 1 | $115,000 | $115,000 |
| 1050.0 | 1 | $125,000 | $125,000 |
| 1168.6 | 1 | $165,000 | $165,000 |
| 1200.0 | 1 | $155,000 | $155,000 |
| 122.5 | 1 | $145,000 | $145,000 |
| 125.5 | 1 | $45,000 | $45,000 |
| 1521.1 | 1 | $105,000 | $105,000 |
| 1643.5 | 1 | $105,000 | $105,000 |
| 1649.7 | 1 | $115,000 | $115,000 |
| 183.5 | 6 | $440,000 | $73,333 |
| 1838.0 | 1 | $125,000 | $125,000 |
| 2023.1 | 1 | $265,000 | $265,000 |
| 2048.2 | 1 | $105,000 | $105,000 |
| 2056.1 | 1 | $265,000 | $265,000 |
| 2115.1 | 1 | $185,000 | $185,000 |
| 2156.1 | 1 | $105,000 | $105,000 |
| 2179.6 | 1 | $265,000 | $265,000 |
| 2265.1 | 1 | $55,000 | $55,000 |
| 2276.35 | 1 | $125,000 | $125,000 |
| 2283.0 | 1 | $175,000 | $175,000 |
| 2361.05 | 1 | $175,000 | $175,000 |
| 236.35 | 1 | $105,000 | $105,000 |
| 2496.35 | 1 | $405,000 | $405,000 |
| 2498.0 | 1 | $365,000 | $365,000 |
| 2648.0 | 1 | $195,000 | $195,000 |
| 2653.2 | 1 | $345,000 | $345,000 |
| 283.5 | 1 | $55,000 | $55,000 |
| 2943.0 | 1 | $185,000 | $185,000 |
| 3097.0 | 1 | $185,000 | $185,000 |
| 318.7 | 3 | $185,000 | $61,667 |
| 3392.7 | 1 | $285,000 | $285,000 |
| 343.6 | 7 | $555,000 | $79,286 |
| 3461.0 | 1 | $175,000 | $175,000 |
| 346.35 | 1 | $45,000 | $45,000 |
| 3597.0 | 1 | $245,000 | $245,000 |
| 412.35 | 1 | $55,000 | $55,000 |
| 4131.5 | 1 | $345,000 | $345,000 |
| 415.05 | 1 | $105,000 | $105,000 |
| 418.7 | 10 | $850,000 | $85,000 |
| 421.7 | 1 | $155,000 | $155,000 |
| 433.7 | 1 | $65,000 | $65,000 |
| 436.35 | 3 | $615,000 | $205,000 |
| 437.35 | 2 | $120,000 | $60,000 |
| 443.6 | 25 | $2,355,000 | $94,200 |
| 446.6 | 1 | $35,000 | $35,000 |
| 450.1 | 1 | $245,000 | $245,000 |
| 452.6 | 1 | $205,000 | $205,000 |
| 525.0 | 1 | $95,000 | $95,000 |
| 568.6 | 1 | $105,000 | $105,000 |
| 643.7 | 1 | $45,000 | $45,000 |
| 668.7 | 1 | $105,000 | $105,000 |
| 686.35 | 1 | $205,000 | $205,000 |
| 6963.0 | 1 | $805,000 | $805,000 |
| 743.6 | 1 | $175,000 | $175,000 |
| 743.7 | 1 | $105,000 | $105,000 |
| 768.7 | 1 | $75,000 | $75,000 |
| 793.6 | 1 | $55,000 | $55,000 |
| 83.5 | 3 | $235,000 | $78,333 |
| 886.35 | 1 | $55,000 | $55,000 |
| 893.6 | 2 | $170,000 | $85,000 |
| 896.6 | 1 | $65,000 | $65,000 |
| 943.6 | 1 | $75,000 | $75,000 |
| 975.0 | 1 | $255,000 | $255,000 |
| 993.6 | 2 | $230,000 | $115,000 |
| NA | 329 | $47,185,000 | $143,419 |