Wright-patt Credit Union Mortgage Rates, Fees & Info

BEAVERCREEK, OH

LEI: 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 Purchase loans. Wright-patt Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dayton, Cincinnati, Columbus, Springfield, and Wilmington among others. We have data for 73 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 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.

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

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
30 Year Conventional Purchase 6.75% 3/28/24
30 Year Conventional Refi 6.64% 3/28/24
30 Year Cash-out Refi 6.87% 3/28/24
30 Year FHA Purchase 7.23% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
30 Year VA Purchase 6.26% 3/28/24
30 Year VA Refi 6.11% 3/28/24
30 Year USDA Purchase 6.65% 3/28/24
15 Year Conventional Purchase 6.39% 3/28/24
15 Year Conventional Refi 6.28% 3/28/24
15 Year Cash-out Refi 6.28% 3/28/24
15 Year FHA Purchase 6.93% 3/28/24
15 Year VA Purchase 6.31% 3/28/24
15 Year VA Refi 5.68% 3/28/24
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

4,078

Origination Dollar Volume (All Markets)

$406,730,000
Show all (19) awards

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) 2,488 $229,090,000 $92,078 $1,927 4.77%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 440 $54,180,000 $123,136 $2,145 4.84%
COLUMBUS, OH (FHA|USDA|VA) 382 $45,660,000 $119,529 $2,227 4.88%
SPRINGFIELD, OH (FHA|USDA|VA) 312 $27,940,000 $89,551 $2,333 4.78%
Wilmington, OH (FHA|USDA|VA) 129 $10,445,000 $80,969 $2,191 4.77%
Outside of Metro Areas 63 $9,465,000 $150,238 $2,221 5.00%
Urbana, OH (FHA|USDA|VA) 95 $7,225,000 $76,053 $1,834 4.87%
Greenville, OH (FHA|USDA|VA) 33 $3,295,000 $99,848 $1,937 4.60%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 8 $1,490,000 $186,250 $2,539 4.59%
Sidney, OH (FHA|USDA|VA) 14 $1,360,000 $97,143 $1,632 5.13%
Bellefontaine, OH (FHA|USDA|VA) 8 $990,000 $123,750 $2,173 4.95%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $870,000 $145,000 $2,913 4.60%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $845,000 $281,667 $3,387 4.46%
Washington Court House, OH (FHA|USDA|VA) 14 $820,000 $58,571 $1,982 5.24%
KNOXVILLE, TN (FHA|USDA|VA) 4 $770,000 $192,500 $2,603 4.16%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $675,000 $225,000 $2,798 4.67%
Traverse City, MI (FHA|USDA|VA) 2 $570,000 $285,000 $3,575 4.75%
PITTSBURGH, PA (FHA|USDA|VA) 2 $520,000 $260,000 $3,759 4.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 3 $485,000 $161,667 $4,817 5.17%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $465,000 $155,000 $3,094 4.79%
BOISE CITY, ID (FHA|USDA|VA) 1 $455,000 $455,000 $4,027 4.25%
Celina, OH (FHA|USDA|VA) 2 $450,000 $225,000 $2,419 4.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,519 4.50%
THE VILLAGES, FL (FHA|USDA|VA) 1 $355,000 $355,000 $4,009 4.13%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $2,090 5.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $345,000 $345,000 $5,149 4.50%
Sevierville, TN (FHA|USDA|VA) 2 $340,000 $170,000 $2,867 4.19%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,019 4.75%
WHEELING, WV-OH (FHA|USDA|VA) 1 $285,000 $285,000 $2,832 3.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $265,000 $265,000 $2,190 4.88%
Maysville, KY (FHA|USDA|VA) 2 $250,000 $125,000 $2,583 4.00%
Mount Vernon, OH (FHA|USDA|VA) 4 $240,000 $60,000 $2,120 3.75%
Pahrump, NV (FHA|USDA|VA) 1 $235,000 $235,000 $420 5.13%
Zanesville, OH (FHA|USDA|VA) 3 $235,000 $78,333 $1,601 4.67%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $235,000 $235,000 $7,610 5.00%
GREELEY, CO (FHA|USDA|VA) 1 $235,000 $235,000 $2,518 4.88%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $215,000 $215,000 $8,397 4.50%
AKRON, OH (FHA|USDA|VA) 3 $215,000 $71,667 $2,540 4.21%
Crossville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.75%
Greeneville, TN (FHA|USDA|VA) 1 $205,000 $205,000 $2,559 4.50%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $205,000 $205,000 $2,381 5.13%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $195,000 $195,000 $2,438 5.00%
Wapakoneta, OH (FHA|USDA|VA) 1 $195,000 $195,000 $2,541 4.63%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $185,000 $185,000 $4,322 5.00%
Quincy, IL-MO (FHA|USDA|VA) 1 $185,000 $185,000 $1,708 3.63%
OCALA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,458 4.75%
LIMA, OH (FHA|USDA|VA) 2 $170,000 $85,000 $2,106 4.75%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $165,000 $165,000 $2,585 4.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,295 5.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,161 4.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,303 4.50%
TOLEDO, OH (FHA|USDA|VA) 2 $150,000 $75,000 $2,803 4.69%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $145,000 $145,000 $2,387 4.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,140 4.63%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $115,000 $115,000 $2,106 4.38%
Chillicothe, OH (FHA|USDA|VA) 2 $110,000 $55,000 $1,019 3.68%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $105,000 $105,000 $2,218 4.38%
BATON ROUGE, LA (FHA|USDA|VA) 1 $95,000 $95,000 $2,741 4.38%
Somerset, KY (FHA|USDA|VA) 1 $95,000 $95,000 $2,279 4.88%
TUCSON, AZ (FHA|USDA|VA) 1 $95,000 $95,000 $2,972 4.63%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,235 4.38%
Marion, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,302 4.75%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,320 5.25%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $75,000 $75,000 $2,015 4.50%
Portsmouth, OH (FHA|USDA|VA) 1 $55,000 $55,000 $2,043 4.75%
Sandusky, OH (FHA|USDA|VA) 1 $55,000 $55,000 $100 5.00%
COLUMBUS, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.25%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $55,000 $55,000 $1,792 5.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $55,000 $55,000 $2,400 4.38%
Athens, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.25%
Mount Sterling, KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.99%
Point Pleasant, WV-OH (FHA|USDA|VA) 1 $35,000 $35,000 $2,738 3.50%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.50%
Wright-patt Credit Union's top markets include Dayton, Cincinnati, Columbus, Springfield, and Wilmington among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,524 $302,440,000 $119,826 $1,867 4.80%
    HELOC 1,279 $62,235,000 $48,659 n/a 4.83%
    VA 201 $33,825,000 $168,284 $3,678 4.52%
    USDA 64 $7,220,000 $112,813 $3,667 4.34%
    FHA 10 $1,010,000 $101,000 $4,545 5.31%

    For 2018, Wright-patt Credit Union's most frequently originated type of loan was Conventional, with 2,524 originations. Their 2nd most popular type was HELOC, with 1,279 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,803 $266,255,000 $147,673 $2,710 4.59%
    Home Improvement 893 $36,565,000 $40,946 $408 4.99%
    Other 848 $41,680,000 $49,151 $598 5.09%
    Refi 327 $30,635,000 $93,685 $882 4.59%
    Cash Out Refi 204 $27,500,000 $134,804 $1,614 4.77%
    NA 3 $4,095,000 $1,365,000 $0 5.98%

    For 2018, Wright-patt Credit Union's most frequently cited loan purpose was Home Purchase, with 1,803 originations. The 2nd most popular reason was Home Improvement, with 893 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,918 $276,340,000 $144,077 $2,509 4.63%
    Other 1,294 $63,340,000 $48,949 $943 4.83%
    15 Year 390 $34,210,000 $87,718 $1,301 4.95%
    10 Year 256 $10,900,000 $42,578 $443 5.56%
    5 Year 131 $3,745,000 $28,588 $247 4.93%
    20 Year 49 $5,725,000 $116,837 $1,528 4.73%
    30+ year 38 $12,390,000 $326,053 $4,107 4.40%
    3 Year 2 $80,000 $40,000 $650 5.13%

    For 2018, Wright-patt Credit Union's most frequently cited loan duration was 30 Year, with 1,918 originations. The 2nd most popular length was Other, with 1,294 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,654 $324,320,000 $122,200
    $1k-2k 102 $13,070,000 $128,137
    $2k-3k 20 $3,770,000 $188,500
    $3k-4k 7 $1,315,000 $187,857
    $4k-5k 2 $290,000 $145,000
    $5k+ 1 $285,000 $285,000

    Wright-patt Credit Union's average total fees were $2,509, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,654 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,321 $261,125,000 $112,505
    5-6% 754 $60,110,000 $79,721
    3-4% 327 $53,555,000 $163,777
    2.5-3% 300 $16,030,000 $53,433
    6-7% 296 $13,240,000 $44,730
    7-8% 54 $1,870,000 $34,630
    Over 8% 26 $800,000 $30,769

    During 2018, Wright-patt Credit Union's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 2,321 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,548 $123,760,000 $48,571 $1,381 4.93%
    $100k-200k 1,107 $158,425,000 $143,112 $2,394 4.60%
    $200k-400k 385 $102,015,000 $264,974 $3,276 4.48%
    $400k-600k 32 $14,680,000 $458,750 $3,891 4.34%
    $600k-1MM 5 $3,845,000 $769,000 $4,842 3.93%
    $1MM+ 1 $4,005,000 $4,005,000 $0 5.25%

    2018 saw Wright-patt Credit Union place emphasis on $100,000 or less loans with 2,548 originations, totaling $123,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,031 $94,945,000 $92,090 $2,094 4.78%
    $50k or less 961 $69,295,000 $72,107 $1,951 4.71%
    $100k-150k 823 $97,285,000 $118,208 $2,126 4.80%
    $75k-100k 762 $74,770,000 $98,123 $2,044 4.86%
    $150k-250k 408 $51,700,000 $126,716 $1,983 4.85%
    $250k+ 79 $13,125,000 $166,139 $2,162 4.75%

    Wright-patt Credit Union lent most frequently to those with incomes in the $50k-75k range, with 1,031 originations. The second most popular income band? $50k or less, with 961 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,245 $104,235,000 $83,723 $1,838 4.81%
    30-36% 768 $73,380,000 $95,547 $2,000 4.84%
    <20% 640 $46,450,000 $72,578 $1,724 4.61%
    37% 143 $15,565,000 $108,846 $2,225 4.86%
    38% 141 $15,905,000 $112,801 $2,158 4.91%
    36% 140 $15,710,000 $112,214 $1,978 4.95%
    40% 137 $16,295,000 $118,942 $2,270 4.88%
    42% 135 $17,905,000 $132,630 $2,124 4.67%
    39% 106 $12,410,000 $117,075 $2,385 4.74%
    44% 104 $14,510,000 $139,519 $2,529 4.87%
    41% 98 $11,690,000 $119,286 $1,891 4.80%
    43% 80 $10,390,000 $129,875 $2,269 4.71%
    46% 78 $11,170,000 $143,205 $2,583 4.73%
    47% 59 $8,675,000 $147,034 $2,549 4.76%
    48% 52 $7,250,000 $139,423 $2,481 4.90%
    49% 50 $7,230,000 $144,600 $2,561 4.74%
    45% 48 $6,500,000 $135,417 $2,544 4.75%
    50-60% 27 $4,255,000 $157,593 $2,923 4.58%
    >60% 18 $2,270,000 $126,111 $1,380 5.26%

    Wright-patt Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,245 originations. The next most common DTI ratio? 30-36%, with 768 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,267 $315,725,000 $96,641 $2,021 4.78%
    Not provided 518 $62,980,000 $121,583 $2,157 4.71%
    Black 211 $15,885,000 $75,284 $2,096 5.02%
    Not applicable 10 $4,960,000 $496,000 $323 5.69%
    Asian 42 $4,210,000 $100,238 $1,961 4.74%
    American Indian 16 $1,160,000 $72,500 $2,208 5.31%
    2 $630,000 $315,000 $2,057 4.44%
    Native Hawaiian or Islander 5 $515,000 $103,000 $1,725 4.95%
    Vietnamese 1 $255,000 $255,000 $2,833 4.75%
    Asian Indian 3 $215,000 $71,667 $2,297 5.75%
    Korean 1 $95,000 $95,000 $2,367 3.88%
    Other Pacific Islander 1 $65,000 $65,000 $2,367 4.00%
    Other Asian 1 $35,000 $35,000 $448 6.50%

    Approval Rates

    Total approvals of all applications
    77.87%

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

    Pick Rate

    Approvals leading to origination
    85.73%

    Wright-patt Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,078 $406,730,000 $99,738

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $4,410,000 $2,205,000
    Single Family (1-4 Units):Manufactured 21 $1,485,000 $70,714
    Single Family (1-4 Units):Site-Built 4,055 $400,835,000 $98,850

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 759 $38,225,000 $50,362 $627 4.97%
    40-60% 307 $26,615,000 $86,694 $1,552 4.72%
    60-80% 852 $114,170,000 $134,002 $2,083 4.71%
    80-100% 1,315 $198,295,000 $150,795 $2,647 4.56%
    Over 100% 26 $5,310,000 $204,231 $7,336 4.48%
    Under 20% 819 $24,115,000 $29,444 $290 5.11%