Wright Patman Congressional Federal Credit Union Mortgage Rates, Fees & Info
Oakton, VALEI: 549300TTPRGSP8DGY569
Tax ID: 53-0227896
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Mortgage Data
Review & Overview
Wright Patman Congressional Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Wright Patman Congressional Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Los Angeles, Miami, and Austin among others. We have data for 87 markets. (Some data included below & more in-depth data is available with an active subscription.)Wright Patman Congressional 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. Wright Patman Congressional Federal Credit Union is typically an average 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 relatively high 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) | 11.05% | 11/17/24 |
| 30 Year Conventional Purchase | 6.20% | 11/17/24 |
| 30 Year Conventional Refi | 6.12% | 11/17/24 |
| 30 Year Cash-out Refi | 6.04% | 11/17/24 |
| 15 Year Conventional Purchase | 7.46% | 11/17/24 |
| 15 Year Conventional Refi | 5.45% | 11/17/24 |
| 15 Year Cash-out Refi | 5.45% | 11/17/24 |
| 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 Patman Congressional Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
454Origination Dollar Volume (All Markets)
$99,190,000Awards
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION - 2023
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Wright Patman Congressional Federal Credit Union's average 30 year fixed mortgage rate was
5.68%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.8%.
Relative Fees (Closing Costs)
Wright Patman Congressional Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,711.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 260 | $60,200,000 | $231,538 | $2,302 | 6.40% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 19 | $3,245,000 | $170,789 | $1,107 | 6.30% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $2,182 | 5.67% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 10 | $1,680,000 | $168,000 | $2,424 | 6.98% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $7,902 | 6.69% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $3,751 | 5.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,285,000 | $428,333 | $3,942 | 5.74% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $1,230,000 | $153,750 | $1,197 | 6.15% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $2,982 | 6.80% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $911 | 6.74% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $4,616 | 6.19% |
| Outside of Metro Areas | 7 | $1,035,000 | $147,857 | $2,081 | 5.78% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $3,893 | 6.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $5,126 | 7.97% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $3,861 | 6.62% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $8,690 | 5.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $6,086 | 6.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $7,467 | 6.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $2,423 | 5.41% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $7,386 | 5.88% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $4,281 | 5.50% |
| RICHMOND, VA (FHA|USDA|VA) | 7 | $675,000 | $96,429 | $1,010 | 6.19% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,751 | 6.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,687 | 5.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $2,086 | 6.33% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,519 | 6.63% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,430 | 5.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,367 | 6.75% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $723 | 6.62% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $2,674 | 5.29% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $1,002 | 5.99% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,324 | 6.69% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $13,102 | 6.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $9,810 | 4.75% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $1,534 | 5.74% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $1,787 | 6.12% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,389 | 5.13% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,484 | 6.13% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $1,198 | 5.99% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,951 | 5.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,731 | 5.50% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $973 | 5.49% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $1,403 | 6.79% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,731 | 5.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,028 | 7.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,214 | 6.68% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $1,606 | 5.87% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,563 | 7.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $5,735 | 7.92% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $1,173 | 7.50% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,997 | 5.50% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,397 | 6.13% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,793 | 5.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $448 | 4.99% |
| REDDING, CA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $835 | 5.49% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 8.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $448 | 4.99% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,173 | 5.99% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $435 | 4.32% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,173 | 4.99% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $948 | 6.99% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,098 | 5.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.25% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.50% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.25% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,398 | 5.49% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $871 | 5.99% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $448 | 5.99% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $898 | 5.99% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $448 | 3.99% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $448 | 6.12% |
| OCALA, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $448 | 5.49% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $623 | 5.49% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $448 | 4.99% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $448 | 5.99% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $448 | 5.99% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $448 | 5.99% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $598 | 3.99% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $448 | 5.49% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $448 | 3.99% |
| Keene, NH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $938 | 6.49% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $448 | 5.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $448 | 4.99% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $448 | 3.99% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 351 | $84,065,000 | $239,501 | $2,355 | 5.76% |
| HELOC | 103 | $15,125,000 | $146,845 | n/a | 8.23% |
For 2023, Wright Patman Congressional Federal Credit Union's most frequently originated type of loan was Conventional, with 351 originations. Their 2nd most popular type was HELOC, with 103 originations.
Loan Reason
For 2023, Wright Patman Congressional Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 309 originations. The 2nd most popular reason was Home Purchase, with 101 originations.
Loan Duration/Length
For 2023, Wright Patman Congressional Federal Credit Union's most frequently cited loan duration was 20 Year, with 200 originations. The 2nd most popular length was 30 Year, with 111 originations.
Origination Fees/Closing Costs
Wright Patman Congressional Federal Credit Union's average total fees were $5,711, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 234 originations.
Interest Rates
During 2023, Wright Patman Congressional Federal Credit Union's average interest rate for loans was 5.68%, while their most frequently originated rate bucket for loans was 5-6%, with 200 originations.
Loan Sizing
2023 saw Wright Patman Congressional Federal Credit Union place emphasis on $100,000 or less loans with 163 originations, totaling $9,225,000 in origination value.
Applicant Income
Wright Patman Congressional Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 141 originations. The second most popular income band? $150k-250k, with 130 originations.
Applicant Debt to Income Ratio
Wright Patman Congressional Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 105 originations. The next most common DTI ratio? 30-36%, with 94 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.05%
Wright Patman Congressional Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination81.50%
Wright Patman Congressional Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 454 | $99,190,000 | $218,480 |