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, San Francisco, Los Angeles, and Raleigh among others. We have data for 66 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 11.05% | 4/21/24 |
| 30 Year Conventional Purchase | 6.20% | 4/21/24 |
| 30 Year Conventional Refi | 6.12% | 4/21/24 |
| 30 Year Cash-out Refi | 6.04% | 4/21/24 |
| 15 Year Conventional Purchase | 7.46% | 4/21/24 |
| 15 Year Conventional Refi | 5.45% | 4/21/24 |
| 15 Year Cash-out Refi | 5.45% | 4/21/24 |
| 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
346Origination Dollar Volume (All Markets)
$93,750,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 221 | $65,315,000 | $295,543 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 22 | $4,770,000 | $216,818 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $2,160,000 | $540,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $1,260,000 | $315,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 0.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $15,000 | $15,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 346 | $93,750,000 | $270,954 | $0 | 0.00% |
For 2018, Wright Patman Congressional Federal Credit Union's most frequently originated type of loan was Conventional, with 346 originations.
Loan Reason
For 2018, Wright Patman Congressional Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 154 originations. The 2nd most popular reason was Home Purchase, with 134 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 346 | $93,750,000 | $270,954 | $0 | 0.00% |
For 2018, Wright Patman Congressional Federal Credit Union's most frequently cited loan duration was Other, with 346 originations.
Loan Sizing
2018 saw Wright Patman Congressional Federal Credit Union place emphasis on $200k-400k loans with 100 originations, totaling $28,550,000 in origination value.
Applicant Income
Wright Patman Congressional Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 67 originations. The second most popular income band? $100k-150k, with 59 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 346 | $93,750,000 | $270,954 | $0 | 0.00% |
Wright Patman Congressional Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 346 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.72%
Wright Patman Congressional Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination73.99%
Wright Patman Congressional Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 346 | $93,750,000 | $270,954 |