Wymar Federal Credit Union Mortgage Rates, Fees & Info

Geismar, LA

LEI: 549300ZTLWGMV712KR44

Tax ID: 72-0551662

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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 loans. Wymar Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, New Orleans, Opelousas, Hammond, 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.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    194

    Origination Dollar Volume (All Markets)

    $32,890,000

    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) 183 $31,545,000 $172,377 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 6 $960,000 $160,000 $0 0.00%
    Opelousas, LA (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Wymar Federal Credit Union's top markets include Baton Rouge, New Orleans, Opelousas, Hammond, 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 194 $32,890,000 $169,536 $0 0.00%

    For 2020, Wymar Federal Credit Union's most frequently originated type of loan was Conventional, with 194 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 157 $26,375,000 $167,994 $0 0.00%
    Home Purchase 36 $6,350,000 $176,389 $0 0.00%
    Cash Out Refi 1 $165,000 $165,000 $0 0.00%

    For 2020, Wymar Federal Credit Union's most frequently cited loan purpose was Refi, with 157 originations. The 2nd most popular reason was Home Purchase, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 194 $32,890,000 $169,536 $0 0.00%

    For 2020, Wymar Federal Credit Union's most frequently cited loan duration was Other, with 194 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 66 $9,290,000 $140,758 $0 0.00%
    $200k-400k 63 $17,035,000 $270,397 $0 0.00%
    $100,000 or less 58 $3,240,000 $55,862 $0 0.00%
    $400k-600k 6 $2,570,000 $428,333 $0 0.00%
    $600k-1MM 1 $755,000 $755,000 $0 0.00%

    2020 saw Wymar Federal Credit Union place emphasis on $100k-200k loans with 66 originations, totaling $9,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 70 $11,390,000 $162,714 $0 0.00%
    $150k-250k 57 $11,705,000 $205,351 $0 0.00%
    $75k-100k 32 $5,480,000 $171,250 $0 0.00%
    $50k-75k 19 $2,275,000 $119,737 $0 0.00%
    $50k or less 10 $890,000 $89,000 $0 0.00%
    $250k+ 6 $1,150,000 $191,667 $0 0.00%

    Wymar Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $150k-250k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 194 $32,890,000 $169,536 $0 0.00%

    Wymar Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 194 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 153 $25,665,000 $167,745 $0 0.00%
    Black 21 $3,555,000 $169,286 $0 0.00%
    Not provided 18 $3,300,000 $183,333 $0 0.00%
    American Indian 1 $315,000 $315,000 $0 0.00%
    Asian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.39%

    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
    44.85%

    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 194 $32,890,000 $169,536

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $1,075,000 $97,727
    Single Family (1-4 Units):Site-Built 183 $31,815,000 $173,852