Ne Pa Community Federal Credit Union Mortgage Rates, Fees & Info
Stroudsburg, PALEI: 549300S2NT4OWWF56T24
Tax ID: 24-6023308
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Ne Pa Community Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Ne Pa Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: East Stroudsburg, Allentown, New York, and Scranton among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Ne Pa Community Federal 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. Ne Pa Community Federal 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
29Origination Dollar Volume (All Markets)
$2,775,000Top 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 |
|---|---|---|---|---|---|
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 24 | $2,320,000 | $96,667 | $1,156 | 4.59% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,403 | 4.53% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $1,044 | 3.97% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,658 | 4.50% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against NE PA COMMUNITY FEDERAL 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 | 29 | $2,775,000 | $95,690 | $1,183 | 4.54% |
For 2018, Ne Pa Community Federal Credit Union's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
For 2018, Ne Pa Community Federal Credit Union's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 8 originations.
Loan Duration/Length
For 2018, Ne Pa Community Federal Credit Union's most frequently cited loan duration was 15 Year, with 11 originations. The 2nd most popular length was 30 Year, with 9 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 29 | $2,775,000 | $95,690 |
Ne Pa Community Federal Credit Union's average total fees were $1,593, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 29 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 14 | $1,400,000 | $100,000 |
| 3-4% | 9 | $805,000 | $89,444 |
| 5-6% | 4 | $300,000 | $75,000 |
| 6-7% | 2 | $270,000 | $135,000 |
During 2018, Ne Pa Community Federal Credit Union's average interest rate for loans was 5.10%, while their most frequently originated rate bucket for loans was 4-5%, with 14 originations.
Loan Sizing
2018 saw Ne Pa Community Federal Credit Union place emphasis on $100,000 or less loans with 17 originations, totaling $1,005,000 in origination value.
Applicant Income
Ne Pa Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
Ne Pa Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? <20%, with 7 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 28 | $2,710,000 | $96,786 | $1,188 | 4.56% |
| Black | 1 | $65,000 | $65,000 | $1,035 | 4.08% |
Approval Rates
Total approvals of all applications85.42%
Ne Pa Community Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination65.52%
Ne Pa Community Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 29 | $2,775,000 | $95,690 |