Valley Credit Union Mortgage Rates, Fees & Info

TUSCUMBIA, AL

LEI: 549300V96JRMDZEWYB09

Tax ID: 63-0421601

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Valley Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. Valley Credit Union has a high proportion of conventional loans. Their top (well, only) market is Florence.

    Valley 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.

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    Originations

    26

    Origination Dollar Volume (All Markets)

    $2,060,000

    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
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 25 $2,035,000 $81,400 $0 0.00%
    Outside of Metro Areas 1 $25,000 $25,000 $0 0.00%
    Valley Credit Union's top markets include and Florence among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 26 $2,060,000 $79,231 $0 0.00%

    For 2018, Valley Credit Union's most frequently originated type of loan was Conventional, with 26 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 12 $1,090,000 $90,833 $0 0.00%
    Home Purchase 7 $445,000 $63,571 $0 0.00%
    Cash Out Refi 7 $525,000 $75,000 $0 0.00%

    For 2018, Valley Credit Union's most frequently cited loan purpose was Refi, with 12 originations. The 2nd most popular reason was Home Purchase, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 26 $2,060,000 $79,231 $0 0.00%

    For 2018, Valley Credit Union's most frequently cited loan duration was Other, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 20 $1,050,000 $52,500 $0 0.00%
    $100k-200k 5 $685,000 $137,000 $0 0.00%
    $200k-400k 1 $325,000 $325,000 $0 0.00%

    2018 saw Valley Credit Union place emphasis on $100,000 or less loans with 20 originations, totaling $1,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 10 $440,000 $44,000 $0 0.00%
    $50k-75k 8 $600,000 $75,000 $0 0.00%
    $100k-150k 4 $650,000 $162,500 $0 0.00%
    $75k-100k 4 $370,000 $92,500 $0 0.00%

    Valley Credit Union lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 26 $2,060,000 $79,231 $0 0.00%

    Valley Credit Union lent most frequently to those with DTI ratios of Exempt%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 22 $1,900,000 $86,364 $0 0.00%
    Black 4 $160,000 $40,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.97%

    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 origination
    76.92%

    Valley Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 26 $2,060,000 $79,231

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 26 $2,060,000 $79,231