Wymar Federal Credit Union Mortgage Rates, Fees & Info

Geismar, LA

LEI: 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. Their top markets by origination volume include: Baton Rouge, New Orleans, Hammond, Lafayette, and Houma among others. We have data for 5 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

147

Origination Dollar Volume (All Markets)

$18,965,000

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) 135 $17,505,000 $129,667 $0 0.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 8 $960,000 $120,000 $0 0.00%
HAMMOND, LA (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
LAFAYETTE, LA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Wymar Federal Credit Union's top markets include Baton Rouge, New Orleans, Hammond, Lafayette, and Houma among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 147 $18,965,000 $129,014 $0 0.00%

    For 2019, Wymar Federal Credit Union's most frequently originated type of loan was Conventional, with 147 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 108 $13,570,000 $125,648 $0 0.00%
    Home Purchase 30 $4,760,000 $158,667 $0 0.00%
    Home Improvement 5 $285,000 $57,000 $0 0.00%
    Cash Out Refi 4 $350,000 $87,500 $0 0.00%

    For 2019, Wymar Federal Credit Union's most frequently cited loan purpose was Refi, with 108 originations. The 2nd most popular reason was Home Purchase, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 147 $18,965,000 $129,014 $0 0.00%

    For 2019, Wymar Federal Credit Union's most frequently cited loan duration was Other, with 147 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 71 $3,555,000 $50,070 $0 0.00%
    $100k-200k 41 $5,545,000 $135,244 $0 0.00%
    $200k-400k 34 $9,420,000 $277,059 $0 0.00%
    $400k-600k 1 $445,000 $445,000 $0 0.00%

    2019 saw Wymar Federal Credit Union place emphasis on $100,000 or less loans with 71 originations, totaling $3,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 50 $6,410,000 $128,200 $0 0.00%
    $150k-250k 44 $6,930,000 $157,500 $0 0.00%
    $75k-100k 27 $2,915,000 $107,963 $0 0.00%
    $50k-75k 18 $1,800,000 $100,000 $0 0.00%
    $250k+ 4 $730,000 $182,500 $0 0.00%
    $50k or less 4 $180,000 $45,000 $0 0.00%

    Wymar Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $150k-250k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 147 $18,965,000 $129,014 $0 0.00%

    Wymar Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 147 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 125 $16,625,000 $133,000 $0 0.00%
    Black 16 $1,470,000 $91,875 $0 0.00%
    American Indian 3 $585,000 $195,000 $0 0.00%
    Not provided 2 $180,000 $90,000 $0 0.00%
    Other Asian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.11%

    Wymar 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 origination
    86.39%

    Wymar Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 147 $18,965,000 $129,014

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $955,000 $136,429
    Single Family (1-4 Units):Site-Built 140 $18,010,000 $128,643