Ne Pa Community Federal Credit Union Mortgage Rates, Fees & Info
Stroudsburg, PALEI: 549300S2NT4OWWF56T24
Tax ID: 24-6023308
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Mortgage Data
Review & Overview
Ne Pa Community Federal Credit Union is a smaller credit union specializing in Refi, Cash Out 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, New York, Allentown, 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
47Origination Dollar Volume (All Markets)
$4,935,000Awards
NE PA COMMUNITY FEDERAL CREDIT UNION - 2019
NE PA COMMUNITY FEDERAL CREDIT UNION is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 41 | $4,325,000 | $105,488 | $1,169 | 4.37% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $1,380 | 4.10% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,466 | 4.03% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,379 | 3.50% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 47 | $4,935,000 | $105,000 | $1,197 | 4.32% |
For 2019, Ne Pa Community Federal Credit Union's most frequently originated type of loan was Conventional, with 47 originations.
Loan Reason
For 2019, Ne Pa Community Federal Credit Union's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
For 2019, Ne Pa Community Federal Credit Union's most frequently cited loan duration was 30 Year, with 15 originations. The 2nd most popular length was 15 Year, with 12 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 47 | $4,935,000 | $105,000 |
Ne Pa Community Federal Credit Union's average total fees were $1,589, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 47 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 23 | $2,955,000 | $128,478 |
| 4-5% | 14 | $1,350,000 | $96,429 |
| 5-6% | 7 | $375,000 | $53,571 |
| 2.5-3% | 1 | $65,000 | $65,000 |
| 6-7% | 1 | $115,000 | $115,000 |
| 7-8% | 1 | $75,000 | $75,000 |
During 2019, Ne Pa Community Federal Credit Union's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 3-4%, with 23 originations.
Loan Sizing
2019 saw Ne Pa Community Federal Credit Union place emphasis on $100,000 or less loans with 28 originations, totaling $1,770,000 in origination value.
Applicant Income
Ne Pa Community Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
Ne Pa Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? <20%, with 11 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.29%
Ne Pa Community Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination38.30%
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 | 47 | $4,935,000 | $105,000 |