Deer Valley Credit Union Mortgage Rates, Fees & Info
Phoenix, AZLEI: 549300PF7FXUS77FZ779
Tax ID: 23-7124924
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Mortgage Data
Review & Overview
Deer Valley Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Deer Valley Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Prescott Valley, and Tucson among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Deer Valley 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. Deer Valley 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.
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Originations
161Origination Dollar Volume (All Markets)
$23,855,000Top 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 |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 151 | $22,395,000 | $148,311 | $3,765 | 4.27% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $3,702 | 4.07% |
| Outside of Metro Areas | 3 | $435,000 | $145,000 | $2,147 | 4.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.59% |
Similar Lenders
We use machine learning to identify the top lenders compared against Deer Valley 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 | 161 | $23,855,000 | $148,168 | $3,750 | 4.28% |
For 2019, Deer Valley Credit Union's most frequently originated type of loan was Conventional, with 161 originations.
Loan Reason
For 2019, Deer Valley Credit Union's most frequently cited loan purpose was Cash Out Refi, with 78 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
For 2019, Deer Valley Credit Union's most frequently cited loan duration was 30 Year, with 93 originations. The 2nd most popular length was 15 Year, with 53 originations.
Origination Fees/Closing Costs
Deer Valley Credit Union's average total fees were $3,889, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 59 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 66 | $11,640,000 | $176,364 |
| 4-5% | 54 | $9,520,000 | $176,296 |
| 6-7% | 12 | $640,000 | $53,333 |
| 5-6% | 4 | $490,000 | $122,500 |
| 7-8% | 1 | $35,000 | $35,000 |
During 2019, Deer Valley Credit Union's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 3-4%, with 66 originations.
Loan Sizing
2019 saw Deer Valley Credit Union place emphasis on $100k-200k loans with 62 originations, totaling $9,250,000 in origination value.
Applicant Income
Deer Valley Credit Union lent most frequently to those with incomes in the $50k or less range, with 43 originations. The second most popular income band? $50k-75k, with 38 originations.
Applicant Debt to Income Ratio
Deer Valley Credit Union lent most frequently to those with DTI ratios of <20%, with 52 originations. The next most common DTI ratio? 20-30%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.85%
Deer Valley Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination77.02%
Deer Valley Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 161 | $23,855,000 | $148,168 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 161 | $23,855,000 | $148,168 |