Wymar Federal Credit Union Mortgage Rates, Fees & Info

Geismar, LA

LEI: 549300ZTLWGMV712KR44

Tax ID: 72-0551662

Latest/2024 | 2023 Data | 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

    Wymar Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Wymar Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Baton Rouge, Hammond, New Orleans, and Alexandria among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Wymar Federal 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.

    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

    66

    Origination Dollar Volume (All Markets)

    $9,570,000

    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
    BATON ROUGE, LA (FHA|USDA|VA) 57 $8,315,000 $145,877 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 4 $660,000 $165,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $390,000 $97,500 $0 0.00%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Wymar Federal Credit Union's top markets include Baton Rouge, Hammond, New Orleans, and Alexandria among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 61 $8,525,000 $139,754 $0 0.00%
    USDA 3 $595,000 $198,333 $0 0.00%
    FHA 1 $195,000 $195,000 $0 0.00%
    VA 1 $255,000 $255,000 $0 0.00%

    For 2024, Wymar Federal Credit Union's most frequently originated type of loan was Conventional, with 61 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 51 $6,375,000 $125,000 $0 0.00%
    Home Purchase 15 $3,195,000 $213,000 $0 0.00%

    For 2024, Wymar Federal Credit Union's most frequently cited loan purpose was Refi, with 51 originations. The 2nd most popular reason was Home Purchase, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 66 $9,570,000 $145,000 $0 0.00%

    For 2024, Wymar Federal Credit Union's most frequently cited loan duration was Other, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 33 $4,055,000 $122,879 $0 0.00%
    $100,000 or less 17 $1,015,000 $59,706 $0 0.00%
    $200k-400k 14 $3,600,000 $257,143 $0 0.00%
    $400k-600k 2 $900,000 $450,000 $0 0.00%

    2024 saw Wymar Federal Credit Union place emphasis on $100k-200k loans with 33 originations, totaling $4,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 27 $3,945,000 $146,111 $0 0.00%
    $100k-150k 17 $2,735,000 $160,882 $0 0.00%
    $50k or less 7 $1,215,000 $173,571 $0 0.00%
    $250k+ 6 $840,000 $140,000 $0 0.00%
    $50k-75k 5 $435,000 $87,000 $0 0.00%
    $75k-100k 4 $400,000 $100,000 $0 0.00%

    Wymar Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 27 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 66 $9,570,000 $145,000 $0 0.00%

    Wymar Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $7,105,000 $145,000 $0 0.00%
    Black 12 $1,680,000 $140,000 $0 0.00%
    Not provided 3 $445,000 $148,333 $0 0.00%
    American Indian 2 $340,000 $170,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.05%

    Wymar Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    27.27%

    Wymar Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 66 $9,570,000 $145,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    66 $9,570,000 $145,000