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, Denver, North Port, and New York among others. We have data for 108 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 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
640Origination Dollar Volume (All Markets)
$147,420,000Awards
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION - 2022
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION is a 2022 , due to their low .
For 2022, 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) | 363 | $84,615,000 | $233,099 | $2,940 | 4.41% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 30 | $6,330,000 | $211,000 | $2,518 | 4.70% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,930,000 | $488,333 | $3,834 | 4.29% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $2,905,000 | $968,333 | $6,538 | 4.16% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $2,885,000 | $320,556 | $2,937 | 4.91% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $2,385,000 | $340,714 | $6,522 | 4.68% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $2,175,000 | $241,667 | $3,874 | 3.57% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $2,005,000 | $401,000 | $5,420 | 4.28% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $1,755,000 | $250,714 | $4,415 | 4.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,675,000 | $558,333 | $7,029 | 3.54% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,520,000 | $253,333 | $4,722 | 4.73% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 6 | $1,420,000 | $236,667 | $4,535 | 4.56% |
| Outside of Metro Areas | 7 | $1,415,000 | $202,143 | $3,379 | 4.78% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $2,652 | 4.37% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $1,280,000 | $160,000 | $1,753 | 4.23% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $3,931 | 3.66% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 7 | $1,095,000 | $156,429 | $1,256 | 4.69% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $1,085,000 | $155,000 | $1,415 | 4.42% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $3,076 | 3.54% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $4,266 | 5.06% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $3,841 | 3.78% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $3,381 | 3.87% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $2,381 | 3.98% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $3,710 | 3.65% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $5,370 | 3.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $7,529 | 3.25% |
| Easton, MD (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $6,139 | 6.31% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $2,081 | 4.22% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 4.67% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $1,647 | 5.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $2,490 | 4.33% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,325 | 5.25% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,241 | 5.31% |
| Keene, NH (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $3,890 | 5.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,004 | 3.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $17,170 | 5.50% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,518 | 3.06% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $2,188 | 4.16% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $1,547 | 4.33% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,658 | 4.79% |
| BEND, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.75% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,475 | 3.63% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,076 | 3.88% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $1,582 | 3.56% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $1,720 | 4.37% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,013 | 3.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,423 | 3.13% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,928 | 2.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,218 | 3.81% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $493 | 5.50% |
| TYLER, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,630 | 5.25% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,715 | 3.88% |
| Taos, NM (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,707 | 2.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,138 | 3.13% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,718 | 6.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $438 | 4.75% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 5.50% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,681 | 5.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,214 | 5.25% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $457 | 5.87% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,067 | 2.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,123 | 4.12% |
| Outside of Metro Areas | 1 | $245,000 | $245,000 | $4,754 | 2.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,450 | 2.88% |
| CHARLESTON, WV (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,052 | 4.62% |
| ST. CLOUD, MN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,366 | 2.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,907 | 4.88% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,352 | 3.63% |
| Rutland, VT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,353 | 2.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.25% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,550 | 4.44% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,063 | 3.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,852 | 5.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.50% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $443 | 5.24% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,659 | 5.88% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $2,912 | 5.56% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.25% |
| Alpena, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $998 | 6.49% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.25% |
| RENO, NV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.50% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,647 | 3.13% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.25% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $438 | 4.99% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.25% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $438 | 5.99% |
| Hilo, HI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $448 | 4.99% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $438 | 4.99% |
| Montrose, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,768 | 2.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $438 | 5.49% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,148 | 5.99% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $438 | 4.99% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $438 | 4.99% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $448 | 5.99% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.75% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,323 | 7.25% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.75% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $538 | 4.99% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.50% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 363 | $105,005,000 | $289,270 | $3,063 | 4.31% |
| HELOC | 277 | $42,415,000 | $153,123 | n/a | 4.54% |
For 2022, Wright Patman Congressional Federal Credit Union's most frequently originated type of loan was Conventional, with 363 originations. Their 2nd most popular type was HELOC, with 277 originations.
Loan Reason
For 2022, Wright Patman Congressional Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 405 originations. The 2nd most popular reason was Home Purchase, with 143 originations.
Loan Duration/Length
For 2022, Wright Patman Congressional Federal Credit Union's most frequently cited loan duration was 20 Year, with 337 originations. The 2nd most popular length was 30 Year, with 151 originations.
Origination Fees/Closing Costs
Wright Patman Congressional Federal Credit Union's average total fees were $5,118, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 197 originations.
Interest Rates
During 2022, Wright Patman Congressional Federal Credit Union's average interest rate for loans was 3.97%, while their most frequently originated rate bucket for loans was 3-4%, with 208 originations.
Loan Sizing
2022 saw Wright Patman Congressional Federal Credit Union place emphasis on $100,000 or less loans with 205 originations, totaling $11,845,000 in origination value.
Applicant Income
Wright Patman Congressional Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 219 originations. The second most popular income band? $250k+, with 173 originations.
Applicant Debt to Income Ratio
Wright Patman Congressional Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 169 originations. The next most common DTI ratio? 30-36%, with 105 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.95%
Wright Patman Congressional Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.31%
Wright Patman Congressional Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 640 | $147,420,000 | $230,344 |