Valley Credit Union Mortgage Rates, Fees & Info
TUSCUMBIA, ALLEI: 549300V96JRMDZEWYB09
Tax ID: 63-0421601
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Valley Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Valley Credit Union has a high proportion of conventional loans.Valley Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
15Origination Dollar Volume (All Markets)
$2,505,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 15 | $2,505,000 | $167,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 15 | $2,505,000 | $167,000 | $0 | 0.00% |
For 2024, Valley Credit Union's most frequently originated type of loan was Conventional, with 15 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 8 | $710,000 | $88,750 | $0 | 0.00% |
| Refi | 4 | $690,000 | $172,500 | $0 | 0.00% |
| Home Purchase | 3 | $1,105,000 | $368,333 | $0 | 0.00% |
For 2024, Valley Credit Union's most frequently cited loan purpose was Cash Out Refi, with 8 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 15 | $2,505,000 | $167,000 | $0 | 0.00% |
For 2024, Valley Credit Union's most frequently cited loan duration was Other, with 15 originations.
Loan Sizing
2024 saw Valley Credit Union place emphasis on $100,000 or less loans with 8 originations, totaling $400,000 in origination value.
Applicant Income
Valley Credit Union lent most frequently to those with incomes in the $75k-100k range, with 6 originations. The second most popular income band? $50k-75k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 15 | $2,505,000 | $167,000 | $0 | 0.00% |
Valley Credit Union lent most frequently to those with DTI ratios of Exempt%, with 15 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 14 | $2,340,000 | $167,143 | $0 | 0.00% |
| Black | 1 | $165,000 | $165,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Valley Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 15 | $2,505,000 | $167,000 |