Railway Credit Union Mortgage Rates, Fees & Info
Mandan, NDLEI: 549300TSZB60GNONKL22
Tax ID: 45-0240799
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Railway Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Railway Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bismarck, Minot, Grand Forks, Boise City, and Sierra Vista among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Railway Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
77Origination Dollar Volume (All Markets)
$9,225,000Top 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 |
|---|---|---|---|---|---|
| BISMARCK, ND (FHA|USDA|VA) | 56 | $6,410,000 | $114,464 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $860,000 | $107,500 | $0 | 0.00% |
| Minot, ND (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Dickinson, ND (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Gillette, WY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Jamestown, ND (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 77 | $9,225,000 | $119,805 | $0 | 0.00% |
For 2022, Railway Credit Union's most frequently originated type of loan was Conventional, with 77 originations.
Loan Reason
For 2022, Railway Credit Union's most frequently cited loan purpose was Other, with 19 originations. The 2nd most popular reason was Home Purchase, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 77 | $9,225,000 | $119,805 | $0 | 0.00% |
For 2022, Railway Credit Union's most frequently cited loan duration was Other, with 77 originations.
Loan Sizing
2022 saw Railway Credit Union place emphasis on $100,000 or less loans with 44 originations, totaling $2,240,000 in origination value.
Applicant Income
Railway Credit Union lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $75k-100k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 77 | $9,225,000 | $119,805 | $0 | 0.00% |
Railway Credit Union lent most frequently to those with DTI ratios of Exempt%, with 77 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 76 | $9,070,000 | $119,342 | $0 | 0.00% |
| American Indian | 1 | $155,000 | $155,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.38%
Railway Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination81.82%
Railway Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 77 | $9,225,000 | $119,805 |