Wright-patt Credit Union Mortgage Rates, Fees & Info

BEAVERCREEK, OH

LEI: 549300N1YEXP02MHBR47

Tax ID: 31-0278870

5 stars - Updated: 6/16/24 - out of 5 stars, based on 68 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Wright-patt Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Wright-patt Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Dayton, Columbus, Cincinnati, Springfield, and Wilmington among others. We have data for 76 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wright-patt 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. Wright-patt 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 6/16/24
30 Year Conventional Purchase 6.75% 6/16/24
30 Year Conventional Refi 6.64% 6/16/24
30 Year Cash-out Refi 6.87% 6/16/24
30 Year FHA Purchase 7.23% 6/16/24
30 Year FHA Refi 6.27% 6/16/24
30 Year VA Purchase 6.26% 6/16/24
30 Year VA Refi 6.11% 6/16/24
30 Year USDA Purchase 6.65% 6/16/24
15 Year Conventional Purchase 6.39% 6/16/24
15 Year Conventional Refi 6.28% 6/16/24
15 Year Cash-out Refi 6.28% 6/16/24
15 Year FHA Purchase 6.93% 6/16/24
15 Year VA Purchase 6.31% 6/16/24
15 Year VA Refi 5.68% 6/16/24
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.

Wright-patt Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Wright-patt 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

4,594

Origination Dollar Volume (All Markets)

$501,580,000
Show all (11) awards

Relative Rate

Wright-patt Credit Union's average 30 year fixed mortgage rate was 6.63%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.15%.

Relative Fees (Closing Costs)

Wright-patt Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,791.

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 $9,089.

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
DAYTON-KETTERING, OH (FHA|USDA|VA) 2,414 $243,000,000 $100,663 $2,436 8.19%
COLUMBUS, OH (FHA|USDA|VA) 770 $105,290,000 $136,740 $2,785 8.48%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 544 $61,410,000 $112,886 $2,458 8.40%
SPRINGFIELD, OH (FHA|USDA|VA) 368 $32,820,000 $89,185 $2,217 8.33%
Outside of Metro Areas 87 $9,035,000 $103,851 $2,907 8.06%
Wilmington, OH (FHA|USDA|VA) 93 $8,025,000 $86,290 $2,117 8.38%
Urbana, OH (FHA|USDA|VA) 91 $7,735,000 $85,000 $2,419 8.28%
Bellefontaine, OH (FHA|USDA|VA) 18 $3,790,000 $210,556 $3,526 7.82%
Sidney, OH (FHA|USDA|VA) 32 $3,080,000 $96,250 $2,779 8.34%
Greenville, OH (FHA|USDA|VA) 33 $2,445,000 $74,091 $1,683 8.44%
Washington Court House, OH (FHA|USDA|VA) 16 $1,450,000 $90,625 $2,610 8.11%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 8 $1,410,000 $176,250 $3,275 7.25%
Sevierville, TN (FHA|USDA|VA) 3 $1,085,000 $361,667 $4,458 7.33%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $870,000 $145,000 $2,940 8.13%
Mount Vernon, OH (FHA|USDA|VA) 6 $850,000 $141,667 $2,815 8.46%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $830,000 $415,000 $6,904 7.13%
Chillicothe, OH (FHA|USDA|VA) 6 $740,000 $123,333 $2,368 9.14%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $725,000 $241,667 $6,253 7.33%
Somerset, KY (FHA|USDA|VA) 4 $720,000 $180,000 $2,905 7.81%
AKRON, OH (FHA|USDA|VA) 4 $690,000 $172,500 $7,166 7.51%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $635,000 $635,000 $7,269 6.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $600,000 $300,000 $5,774 6.88%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $575,000 $575,000 $4,548 6.75%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $550,000 $275,000 $4,152 5.75%
NILES, MI (FHA|USDA|VA) 1 $525,000 $525,000 $3,610 7.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $495,000 $495,000 $2,952 6.63%
Marion, OH (FHA|USDA|VA) 4 $490,000 $122,500 $4,359 7.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $475,000 $475,000 $12,330 6.63%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $450,000 $225,000 $3,308 5.94%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $445,000 $445,000 $1,136 6.63%
TOLEDO, OH (FHA|USDA|VA) 4 $410,000 $102,500 $2,801 7.69%
Point Pleasant, WV-OH (FHA|USDA|VA) 3 $405,000 $135,000 $3,693 7.83%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $405,000 $405,000 $6,506 7.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,796 7.63%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $385,000 $385,000 $8,738 6.63%
LIMA, OH (FHA|USDA|VA) 3 $385,000 $128,333 $7,373 6.63%
Celina, OH (FHA|USDA|VA) 3 $375,000 $125,000 $4,753 7.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $365,000 $365,000 $4,007 7.63%
Wapakoneta, OH (FHA|USDA|VA) 5 $365,000 $73,000 $1,704 8.45%
KNOXVILLE, TN (FHA|USDA|VA) 1 $355,000 $355,000 $3,307 6.13%
Ashland, OH (FHA|USDA|VA) 3 $345,000 $115,000 $1,736 7.54%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $335,000 $335,000 $4,233 6.50%
FORT WAYNE, IN (FHA|USDA|VA) 3 $305,000 $101,667 $1,119 8.89%
LOUISVILLE, KY (FHA|USDA|VA) 2 $290,000 $145,000 $1,803 7.00%
Helena, MT (FHA|USDA|VA) 1 $285,000 $285,000 $8,348 7.50%
Madison, IN (FHA|USDA|VA) 1 $285,000 $285,000 $3,555 6.75%
BILLINGS, MT (FHA|USDA|VA) 1 $275,000 $275,000 $5,370 5.88%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $265,000 $265,000 $3,331 6.75%
Athens, OH (FHA|USDA|VA) 2 $260,000 $130,000 $4,237 6.63%
New Philadelphia-Dover, OH (FHA|USDA|VA) 2 $250,000 $125,000 $4,885 7.50%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $245,000 $245,000 $3,112 6.75%
ERIE, PA (FHA|USDA|VA) 2 $230,000 $115,000 $3,518 7.31%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,494 5.13%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,451 7.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $205,000 $205,000 $2,826 6.38%
Fairmont, WV (FHA|USDA|VA) 1 $185,000 $185,000 $3,574 6.13%
Sandusky, OH (FHA|USDA|VA) 2 $180,000 $90,000 $4,093 7.81%
Dublin, GA (FHA|USDA|VA) 1 $175,000 $175,000 $3,682 6.75%
Coshocton, OH (FHA|USDA|VA) 1 $175,000 $175,000 $2,485 6.75%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $3,585 6.25%
Laurinburg, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,444 6.50%
Marietta, OH (FHA|USDA|VA) 1 $155,000 $155,000 $3,354 5.88%
ALBANY, GA (FHA|USDA|VA) 1 $145,000 $145,000 $2,878 6.25%
PEORIA, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,515 5.38%
SAVANNAH, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,202 6.88%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $125,000 $125,000 $3,463 6.38%
MANSFIELD, OH (FHA|USDA|VA) 2 $120,000 $60,000 $0 9.00%
Bluffton, IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.25%
Bucyrus-Galion, OH (FHA|USDA|VA) 2 $90,000 $45,000 $1,608 7.19%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $85,000 $85,000 $2,481 6.25%
Jackson, OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,283 9.50%
Tiffin, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.75%
Ludington, MI (FHA|USDA|VA) 1 $55,000 $55,000 $3,437 6.88%
Ashtabula, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.75%
Zanesville, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 10.00%
WHEELING, WV-OH (FHA|USDA|VA) 1 $15,000 $15,000 $0 8.25%
Wright-patt Credit Union's top markets include Dayton, Columbus, Cincinnati, Springfield, and Wilmington among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against WRIGHT-PATT CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Greenville Federal
    Similarity Rank: 16
    The Community Bank
    Similarity Rank: 216
    Minster Bank
    Similarity Rank: 324
    Forcht Bank
    Similarity Rank: 380
    Day Air Credit Union, Inc
    Similarity Rank: 391
    CINFED Federal Credit Union
    Similarity Rank: 483
    Eagle Savings Bank
    Similarity Rank: 484

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,314 $158,160,000 $68,349 n/a 9.02%
    Conventional 2,112 $310,910,000 $147,211 $2,226 7.55%
    FHA 116 $19,960,000 $172,069 $6,423 6.75%
    VA 40 $10,570,000 $264,250 $4,771 6.52%
    USDA 12 $1,980,000 $165,000 $5,762 6.47%

    For 2023, Wright-patt Credit Union's most frequently originated type of loan was HELOC, with 2,314 originations. Their 2nd most popular type was Conventional, with 2,112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,767 $104,455,000 $59,114 $276 8.85%
    Home Purchase 1,274 $268,190,000 $210,510 $3,928 6.81%
    Other 881 $50,655,000 $57,497 $498 9.11%
    Refi 543 $61,335,000 $112,956 $586 8.68%
    Cash Out Refi 129 $16,945,000 $131,357 $2,468 6.85%

    For 2023, Wright-patt Credit Union's most frequently cited loan purpose was Home Improvement, with 1,767 originations. The 2nd most popular reason was Home Purchase, with 1,274 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 2,315 $170,265,000 $73,549 $0 9.02%
    30 Year 1,274 $272,490,000 $213,885 $3,791 6.63%
    15 Year 439 $29,735,000 $67,733 $568 8.57%
    10 Year 394 $20,660,000 $52,437 $246 8.90%
    5 Year 153 $5,415,000 $35,392 $164 7.90%
    20 Year 8 $950,000 $118,750 $1,361 6.80%
    3 Year 7 $395,000 $56,429 $2,136 8.79%
    30+ year 4 $1,670,000 $417,500 $6,243 5.75%

    For 2023, Wright-patt Credit Union's most frequently cited loan duration was Other, with 2,315 originations. The 2nd most popular length was 30 Year, with 1,274 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,812 $265,780,000 $146,678
    $1k-2k 129 $27,025,000 $209,496
    $2k-3k 39 $9,235,000 $236,795
    $3k-4k 25 $6,285,000 $251,400
    $5k+ 18 $6,590,000 $366,111
    $4k-5k 9 $2,465,000 $273,889

    Wright-patt Credit Union's average total fees were $3,791, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,812 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 2,404 $152,420,000 $63,403
    7-8% 1,104 $106,290,000 $96,277
    6-7% 817 $173,955,000 $212,919
    5-6% 261 $67,355,000 $258,065
    4-5% 8 $1,560,000 $195,000

    During 2023, Wright-patt Credit Union's average interest rate for loans was 6.63%, while their most frequently originated rate bucket for loans was Over 8%, with 2,404 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,957 $145,775,000 $49,298 $829 8.82%
    $100k-200k 979 $137,005,000 $139,944 $3,244 7.59%
    $200k-400k 544 $145,110,000 $266,746 $4,139 6.82%
    $400k-600k 89 $42,225,000 $474,438 $5,395 6.42%
    $600k-1MM 21 $15,425,000 $734,524 $5,447 6.26%
    $1MM+ 4 $16,040,000 $4,010,000 $10,175 5.67%

    2023 saw Wright-patt Credit Union place emphasis on $100,000 or less loans with 2,957 originations, totaling $145,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,262 $143,470,000 $113,685 $2,592 8.27%
    $50k-75k 978 $81,400,000 $83,231 $2,509 8.30%
    $75k-100k 912 $82,230,000 $90,164 $2,362 8.31%
    $150k-250k 752 $107,970,000 $143,577 $2,657 8.26%
    $50k or less 532 $34,380,000 $64,624 $2,382 8.15%
    $250k+ 156 $38,340,000 $245,769 $3,290 7.96%

    Wright-patt Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,262 originations. The second most popular income band? $50k-75k, with 978 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,351 $124,595,000 $92,224 $2,053 8.32%
    30-36% 1,014 $103,750,000 $102,318 $2,206 8.45%
    <20% 547 $42,895,000 $78,419 $1,904 8.27%
    37% 184 $19,120,000 $103,913 $2,279 8.20%
    39% 178 $20,290,000 $113,989 $2,547 8.34%
    40% 172 $19,350,000 $112,500 $2,761 8.38%
    38% 166 $18,890,000 $113,795 $2,995 8.37%
    36% 165 $18,965,000 $114,939 $2,430 8.35%
    41% 155 $18,015,000 $116,226 $2,775 8.25%
    42% 137 $20,215,000 $147,555 $2,957 8.21%
    43% 121 $15,625,000 $129,132 $2,716 7.87%
    44% 112 $18,770,000 $167,589 $3,656 7.59%
    50-60% 69 $11,055,000 $160,217 $5,010 7.46%
    45% 67 $9,605,000 $143,358 $3,140 7.74%
    46% 54 $6,700,000 $124,074 $3,384 7.65%
    47% 38 $6,090,000 $160,263 $3,645 7.55%
    48% 26 $4,890,000 $188,077 $3,608 7.51%
    49% 21 $4,825,000 $229,762 $5,456 7.04%
    >60% 11 $3,765,000 $342,273 $5,159 6.92%

    Wright-patt Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,351 originations. The next most common DTI ratio? 30-36%, with 1,014 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,586 $363,710,000 $101,425 $2,342 8.30%
    Not provided 540 $81,710,000 $151,315 $3,240 7.52%
    Black 368 $28,940,000 $78,641 $2,791 8.95%
    Not applicable 2 $13,790,000 $6,895,000 $0 5.96%
    Asian 54 $9,500,000 $175,926 $3,086 7.79%
    American Indian 25 $2,545,000 $101,800 $1,496 8.75%
    Native Hawaiian or Islander 11 $755,000 $68,636 $273 8.95%
    Other Asian 3 $265,000 $88,333 $110 9.34%
    Asian Indian 2 $210,000 $105,000 $0 7.75%
    Filipino 2 $130,000 $65,000 $0 8.13%
    Japanese 1 $25,000 $25,000 $110 9.75%

    Approval Rates

    Total approvals of all applications
    70.40%

    Wright-patt Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    79.28%

    Wright-patt Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,594 $501,580,000 $109,182

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,594 $501,580,000 $109,182

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,353 $101,905,000 $75,318 $498 8.88%
    40-60% 407 $50,805,000 $124,828 $2,190 8.17%
    60-80% 470 $109,330,000 $232,617 $3,567 7.03%
    80-100% 779 $173,185,000 $222,317 $4,069 6.69%
    Over 100% 12 $3,440,000 $286,667 $8,416 6.66%
    Under 20% 1,573 $62,915,000 $39,997 $212 8.91%