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 Cash Out Refi and Home Purchase loans. Valley Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Birmingham, Decatur, and Nashville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Valley Credit Union has an above average approval rate when compared to the average across all 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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    Originations

    28

    Origination Dollar Volume (All Markets)

    $3,350,000

    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) 21 $2,585,000 $123,095 $0 0.00%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    Outside of Metro Areas 4 $250,000 $62,500 $0 0.00%
    DECATUR, AL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Valley Credit Union's top markets include Florence, Birmingham, Decatur, and Nashville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 28 $3,350,000 $119,643 $0 0.00%

    For 2022, Valley Credit Union's most frequently originated type of loan was Conventional, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 13 $1,355,000 $104,231 $0 0.00%
    Home Purchase 12 $1,600,000 $133,333 $0 0.00%
    Refi 2 $330,000 $165,000 $0 0.00%
    Home Improvement 1 $65,000 $65,000 $0 0.00%

    For 2022, Valley Credit Union's most frequently cited loan purpose was Cash Out Refi, with 13 originations. The 2nd most popular reason was Home Purchase, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 28 $3,350,000 $119,643 $0 0.00%

    For 2022, Valley Credit Union's most frequently cited loan duration was Other, with 28 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 15 $915,000 $61,000 $0 0.00%
    $100k-200k 8 $1,140,000 $142,500 $0 0.00%
    $200k-400k 5 $1,295,000 $259,000 $0 0.00%

    2022 saw Valley Credit Union place emphasis on $100,000 or less loans with 15 originations, totaling $915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 8 $690,000 $86,250 $0 0.00%
    $75k-100k 8 $1,030,000 $128,750 $0 0.00%
    $50k or less 6 $490,000 $81,667 $0 0.00%
    $100k-150k 5 $855,000 $171,000 $0 0.00%
    $150k-250k 1 $285,000 $285,000 $0 0.00%

    Valley Credit Union lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $75k-100k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 28 $3,350,000 $119,643 $0 0.00%

    Valley Credit Union lent most frequently to those with DTI ratios of Exempt%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 21 $2,825,000 $134,524 $0 0.00%
    Black 7 $525,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 28 $3,350,000 $119,643

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    28 $3,350,000 $119,643