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

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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 low ratio of USDA 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

    175

    Origination Dollar Volume (All Markets)

    $30,435,000

    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) 162 $27,280,000 $168,395 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 9 $2,035,000 $226,111 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $305,000 $305,000 $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 174 $30,230,000 $173,736 $0 0.00%
    USDA 1 $205,000 $205,000 $0 0.00%

    For 2021, Wymar Federal Credit Union's most frequently originated type of loan was Conventional, with 174 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 140 $23,580,000 $168,429 $0 0.00%
    Home Purchase 31 $6,285,000 $202,742 $0 0.00%
    Cash Out Refi 4 $570,000 $142,500 $0 0.00%

    For 2021, Wymar Federal Credit Union's most frequently cited loan purpose was Refi, with 140 originations. The 2nd most popular reason was Home Purchase, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 175 $30,435,000 $173,914 $0 0.00%

    For 2021, Wymar Federal Credit Union's most frequently cited loan duration was Other, with 175 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 58 $8,010,000 $138,103 $0 0.00%
    $100,000 or less 54 $2,750,000 $50,926 $0 0.00%
    $200k-400k 53 $14,405,000 $271,792 $0 0.00%
    $400k-600k 9 $4,375,000 $486,111 $0 0.00%
    $600k-1MM 1 $895,000 $895,000 $0 0.00%

    2021 saw Wymar Federal Credit Union place emphasis on $100k-200k loans with 58 originations, totaling $8,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 76 $13,120,000 $172,632 $0 0.00%
    $150k-250k 59 $11,025,000 $186,864 $0 0.00%
    $50k-75k 12 $1,240,000 $103,333 $0 0.00%
    $75k-100k 11 $2,265,000 $205,909 $0 0.00%
    $50k or less 9 $885,000 $98,333 $0 0.00%
    $250k+ 8 $1,900,000 $237,500 $0 0.00%

    Wymar Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 76 originations. The second most popular income band? $150k-250k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 175 $30,435,000 $173,914 $0 0.00%

    Wymar Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 175 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 136 $25,060,000 $184,265 $0 0.00%
    Black 26 $3,600,000 $138,462 $0 0.00%
    Not provided 11 $1,095,000 $99,545 $0 0.00%
    Asian 1 $505,000 $505,000 $0 0.00%
    American Indian 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.09%

    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
    70.29%

    Wymar Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 175 $30,435,000 $173,914

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    175 $30,435,000 $173,914