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 Refi, 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, Denver, Atlanta, and Chicago among others. We have data for 102 markets. (Some data included below & more in-depth data is available with an active subscription.)Wright Patman Congressional Federal 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. Wright Patman Congressional 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.
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% | 4/28/24 |
| 30 Year Conventional Purchase | 6.20% | 4/28/24 |
| 30 Year Conventional Refi | 6.12% | 4/28/24 |
| 30 Year Cash-out Refi | 6.04% | 4/28/24 |
| 15 Year Conventional Purchase | 7.46% | 4/28/24 |
| 15 Year Conventional Refi | 5.45% | 4/28/24 |
| 15 Year Cash-out Refi | 5.45% | 4/28/24 |
| 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
589Origination Dollar Volume (All Markets)
$211,485,000Awards
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION - 2021
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION is a 2021 , due to their low .
For 2021, 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 356 | $135,560,000 | $380,787 | $3,721 | 3.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 29 | $10,005,000 | $345,000 | $3,322 | 3.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $3,840,000 | $640,000 | $5,307 | 2.56% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $3,400,000 | $283,333 | $3,669 | 2.85% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $2,710,000 | $451,667 | $4,123 | 3.17% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 6 | $2,680,000 | $446,667 | $4,661 | 3.02% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $2,290,000 | $381,667 | $4,504 | 2.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $2,255,000 | $451,000 | $5,446 | 2.73% |
| Outside of Metro Areas | 8 | $2,170,000 | $271,250 | $3,572 | 2.98% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,785,000 | $357,000 | $4,641 | 2.60% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,680,000 | $840,000 | $7,563 | 3.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $1,645,000 | $329,000 | $3,154 | 3.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $1,635,000 | $327,000 | $3,086 | 2.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $5,814 | 2.69% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $4,042 | 2.83% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $1,350,000 | $225,000 | $3,480 | 2.98% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $4,471 | 2.47% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $2,530 | 3.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $4,149 | 3.06% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $3,613 | 2.79% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $2,558 | 3.15% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $5,517 | 2.46% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $4,058 | 2.67% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $4,000 | 3.31% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $4,283 | 2.78% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $3,429 | 2.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $6,920 | 2.63% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $5,159 | 2.88% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $3,383 | 2.81% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $3,448 | 3.06% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,321 | 2.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $3,253 | 2.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $3,337 | 2.46% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,910 | 3.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,747 | 2.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,738 | 3.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,418 | 2.88% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,855 | 2.69% |
| Angola, IN (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,672 | 2.13% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,852 | 3.25% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $2,336 | 4.16% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,119 | 3.19% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,526 | 2.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,327 | 2.75% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,992 | 2.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,690 | 2.38% |
| TULSA, OK (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,573 | 3.13% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,243 | 2.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,118 | 2.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,639 | 3.13% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,148 | 2.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,578 | 3.38% |
| Española, NM (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,811 | 2.63% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,596 | 2.88% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,458 | 2.81% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,733 | 3.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,385 | 2.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,665 | 2.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,208 | 2.38% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,428 | 2.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,235 | 2.88% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,142 | 2.63% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,460 | 2.88% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,340 | 3.25% |
| RENO, NV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,550 | 2.88% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,267 | 2.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,667 | 2.63% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,022 | 2.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,418 | 2.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,309 | 3.13% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,008 | 2.88% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,341 | 2.88% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,711 | 2.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,887 | 3.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,960 | 2.88% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,363 | 3.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,110 | 3.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,982 | 2.63% |
| Wilson, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,785 | 2.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,319 | 3.13% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,724 | 2.88% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,573 | 3.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,449 | 2.25% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,297 | 2.63% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,424 | 2.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,358 | 2.38% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $438 | 5.49% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,363 | 3.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,141 | 2.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,370 | 2.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,878 | 3.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,001 | 2.63% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,136 | 3.00% |
| Holland, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,969 | 2.25% |
| Americus, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,082 | 2.63% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,601 | 2.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,380 | 2.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,833 | 2.38% |
| Corning, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $6,953 | 2.88% |
| ERIE, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,135 | 3.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,163 | 5.49% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $408 | 4.99% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 589 | $211,485,000 | $359,058 | $3,768 | 2.97% |
For 2021, Wright Patman Congressional Federal Credit Union's most frequently originated type of loan was Conventional, with 589 originations.
Loan Reason
For 2021, Wright Patman Congressional Federal Credit Union's most frequently cited loan purpose was Refi, with 208 originations. The 2nd most popular reason was Cash Out Refi, with 198 originations.
Loan Duration/Length
For 2021, Wright Patman Congressional Federal Credit Union's most frequently cited loan duration was 30 Year, with 358 originations. The 2nd most popular length was 15 Year, with 126 originations.
Origination Fees/Closing Costs
Wright Patman Congressional Federal Credit Union's average total fees were $4,285, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 473 originations.
Interest Rates
During 2021, Wright Patman Congressional Federal Credit Union's average interest rate for loans was 2.88%, while their most frequently originated rate bucket for loans was 2.5-3%, with 308 originations.
Loan Sizing
2021 saw Wright Patman Congressional Federal Credit Union place emphasis on $200k-400k loans with 249 originations, totaling $73,575,000 in origination value.
Applicant Income
Wright Patman Congressional Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 183 originations. The second most popular income band? $100k-150k, with 137 originations.
Applicant Debt to Income Ratio
Wright Patman Congressional Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 182 originations. The next most common DTI ratio? <20%, with 123 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.27%
Wright Patman Congressional Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.65%
Wright Patman Congressional Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 589 | $211,485,000 | $359,058 |