Wright-patt Credit Union Mortgage Rates, Fees & Info
BEAVERCREEK, OHLEI: 549300N1YEXP02MHBR47
Tax ID: 31-0278870
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/26/24 |
| 30 Year Conventional Purchase | 6.75% | 4/26/24 |
| 30 Year Conventional Refi | 6.64% | 4/26/24 |
| 30 Year Cash-out Refi | 6.87% | 4/26/24 |
| 30 Year FHA Purchase | 7.23% | 4/26/24 |
| 30 Year FHA Refi | 6.27% | 4/26/24 |
| 30 Year VA Purchase | 6.26% | 4/26/24 |
| 30 Year VA Refi | 6.11% | 4/26/24 |
| 30 Year USDA Purchase | 6.65% | 4/26/24 |
| 15 Year Conventional Purchase | 6.39% | 4/26/24 |
| 15 Year Conventional Refi | 6.28% | 4/26/24 |
| 15 Year Cash-out Refi | 6.28% | 4/26/24 |
| 15 Year FHA Purchase | 6.93% | 4/26/24 |
| 15 Year VA Purchase | 6.31% | 4/26/24 |
| 15 Year VA Refi | 5.68% | 4/26/24 |
| 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
4,594Origination Dollar Volume (All Markets)
$501,580,000Awards
WRIGHT-PATT CREDIT UNION - 2023
WRIGHT-PATT CREDIT UNION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
Similar Lenders
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications70.40%
Wright-patt Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination79.28%
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 |