Wymar Federal Credit Union Mortgage Rates, Fees & Info
Geismar, LALEI: 549300ZTLWGMV712KR44
Tax ID: 72-0551662
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Mortgage Data
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 low ratio of USDA loans. Their top markets by origination volume include: Baton Rouge, New Orleans, Houma, Hammond, and Lafayette among others. We have data for 9 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.
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Originations
104Origination Dollar Volume (All Markets)
$16,560,000Top 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 |
|---|---|---|---|---|---|
| BATON ROUGE, LA (FHA|USDA|VA) | 87 | $13,615,000 | $156,494 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 6 | $1,030,000 | $171,667 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $520,000 | $260,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 0.00% |
| Crossville, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 102 | $16,040,000 | $157,255 | $0 | 0.00% |
| VA | 1 | $305,000 | $305,000 | $0 | 0.00% |
| USDA | 1 | $215,000 | $215,000 | $0 | 0.00% |
For 2023, Wymar Federal Credit Union's most frequently originated type of loan was Conventional, with 102 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 71 | $9,565,000 | $134,718 | $0 | 0.00% |
| Home Purchase | 33 | $6,995,000 | $211,970 | $0 | 0.00% |
For 2023, Wymar Federal Credit Union's most frequently cited loan purpose was Refi, with 71 originations. The 2nd most popular reason was Home Purchase, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 104 | $16,560,000 | $159,231 | $0 | 0.00% |
For 2023, Wymar Federal Credit Union's most frequently cited loan duration was Other, with 104 originations.
Loan Sizing
2023 saw Wymar Federal Credit Union place emphasis on $100k-200k loans with 40 originations, totaling $4,920,000 in origination value.
Applicant Income
Wymar Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 38 originations. The second most popular income band? $100k-150k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 104 | $16,560,000 | $159,231 | $0 | 0.00% |
Wymar Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 104 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.15%
Wymar Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination54.81%
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 | 104 | $16,560,000 | $159,231 |