Owensboro Federal Credit Union Mortgage Rates, Fees & Info
Owensboro, KYLEI: 549300YJTYKNAFNH8708
Tax ID: 61-0561509
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Mortgage Data
Review & Overview
Owensboro Federal Credit Union is a smaller credit union specializing in Refi loans. Owensboro Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Owensboro.Owensboro Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
25Origination Dollar Volume (All Markets)
$1,965,000Top 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 | 24 | $1,720,000 | $71,667 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 25 | $1,965,000 | $78,600 | $0 | 0.00% |
For 2019, Owensboro Federal Credit Union's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
For 2019, Owensboro Federal Credit Union's most frequently cited loan purpose was Refi, with 13 originations. The 2nd most popular reason was Other, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 25 | $1,965,000 | $78,600 | $0 | 0.00% |
For 2019, Owensboro Federal Credit Union's most frequently cited loan duration was Other, with 25 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 19 | $935,000 | $49,211 | $0 | 0.00% |
| $100k-200k | 4 | $580,000 | $145,000 | $0 | 0.00% |
| $200k-400k | 2 | $450,000 | $225,000 | $0 | 0.00% |
2019 saw Owensboro Federal Credit Union place emphasis on $100,000 or less loans with 19 originations, totaling $935,000 in origination value.
Applicant Income
Owensboro Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 25 | $1,965,000 | $78,600 | $0 | 0.00% |
Owensboro Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 25 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 24 | $1,910,000 | $79,583 | $0 | 0.00% |
| Black | 1 | $55,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.15%
Owensboro Federal 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 | 25 | $1,965,000 | $78,600 |