St Joseph's Parish Buffalo Federal Credit Union Mortgage Rates, Fees & Info
Buffalo, NYLEI: 549300MNGQM5SPNHQM24
Tax ID: 16-0750654
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
St Joseph's Parish Buffalo Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. St Joseph's Parish Buffalo Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Buffalo.St Joseph's Parish Buffalo Federal Credit Union has an above average approval rate when compared to the average across all lenders. They typically have about average rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/23/24 |
| 30 Year Conventional Refi | 6.27% | 11/23/24 |
| 30 Year Cash-out Refi | 6.27% | 11/23/24 |
| 15 Year Conventional Purchase | 5.68% | 11/23/24 |
| 15 Year Conventional Refi | 5.68% | 11/23/24 |
| 15 Year Cash-out Refi | 5.68% | 11/23/24 |
| 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. | ||
St Joseph's Parish Buffalo 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
57Origination Dollar Volume (All Markets)
$8,115,000Top 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 |
|---|---|---|---|---|---|
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 53 | $7,935,000 | $149,717 | $0 | 4.10% |
| Outside of Metro Areas | 4 | $180,000 | $45,000 | $0 | 4.43% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $8,115,000 | $142,368 | $0 | 4.12% |
For 2020, St Joseph's Parish Buffalo Federal Credit Union's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2020, St Joseph's Parish Buffalo Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
For 2020, St Joseph's Parish Buffalo Federal Credit Union's most frequently cited loan duration was 15 Year, with 15 originations. The 2nd most popular length was 30 Year, with 14 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 33 | $5,155,000 | $156,212 |
| 4-5% | 21 | $2,755,000 | $131,190 |
| 5-6% | 3 | $205,000 | $68,333 |
During 2020, St Joseph's Parish Buffalo Federal Credit Union's average interest rate for loans was 4.18%, while their most frequently originated rate bucket for loans was 3-4%, with 33 originations.
Loan Sizing
2020 saw St Joseph's Parish Buffalo Federal Credit Union place emphasis on $100k-200k loans with 23 originations, totaling $3,065,000 in origination value.
Applicant Income
St Joseph's Parish Buffalo Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 16 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
St Joseph's Parish Buffalo Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 11 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
St Joseph's Parish Buffalo 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 57 | $8,115,000 | $142,368 |