Owensboro Federal Credit Union Mortgage Rates, Fees & Info
Owensboro, KYLEI: 549300YJTYKNAFNH8708
Tax ID: 61-0561509
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Owensboro Federal Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Owensboro Federal Credit Union has a high proportion of conventional loans. Their top two markets are Owensboro and Madisonville .Owensboro Federal 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)
$895,000Top 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 |
|---|---|---|---|---|---|
| OWENSBORO, KY (FHA|USDA|VA) | 9 | $605,000 | $67,222 | $0 | 0.00% |
| Madisonville, KY (FHA|USDA|VA) | 6 | $290,000 | $48,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 15 | $895,000 | $59,667 | $0 | 0.00% |
For 2024, Owensboro Federal Credit Union's most frequently originated type of loan was Conventional, with 15 originations.
Loan Reason
For 2024, Owensboro Federal Credit Union's most frequently cited loan purpose was Refi, with 8 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 15 | $895,000 | $59,667 | $0 | 0.00% |
For 2024, Owensboro Federal Credit Union's most frequently cited loan duration was Other, with 15 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 15 | $895,000 | $59,667 | $0 | 0.00% |
2024 saw Owensboro Federal Credit Union place emphasis on $100,000 or less loans with 15 originations, totaling $895,000 in origination value.
Applicant Income
Owensboro Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 15 | $895,000 | $59,667 | $0 | 0.00% |
Owensboro Federal 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 | $830,000 | $59,286 | $0 | 0.00% |
| Not applicable | 1 | $65,000 | $65,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.12%
Owensboro Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 15 | $895,000 | $59,667 |