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. 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
147Origination Dollar Volume (All Markets)
$18,965,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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
Approval Rates
Total approvals of all applications97.11%
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 origination86.39%
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 |