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, and Hammond among others. We have data for 4 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

    138

    Origination Dollar Volume (All Markets)

    $23,410,000

    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) 127 $21,285,000 $167,598 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 6 $950,000 $158,333 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 4 $940,000 $235,000 $0 0.00%
    Outside of Metro Areas 1 $235,000 $235,000 $0 0.00%
    Wymar Federal Credit Union's top markets include Baton Rouge, New Orleans, and Hammond among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 137 $23,175,000 $169,161 $0 0.00%
    USDA 1 $235,000 $235,000 $0 0.00%

    For 2022, Wymar Federal Credit Union's most frequently originated type of loan was Conventional, with 137 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 103 $15,365,000 $149,175 $0 0.00%
    Home Purchase 35 $8,045,000 $229,857 $0 0.00%

    For 2022, Wymar Federal Credit Union's most frequently cited loan purpose was Refi, with 103 originations. The 2nd most popular reason was Home Purchase, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 138 $23,410,000 $169,638 $0 0.00%

    For 2022, Wymar Federal Credit Union's most frequently cited loan duration was Other, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 52 $2,920,000 $56,154 $0 0.00%
    $100k-200k 40 $4,730,000 $118,250 $0 0.00%
    $200k-400k 33 $9,425,000 $285,606 $0 0.00%
    $400k-600k 11 $5,055,000 $459,545 $0 0.00%
    $600k-1MM 2 $1,280,000 $640,000 $0 0.00%

    2022 saw Wymar Federal Credit Union place emphasis on $100,000 or less loans with 52 originations, totaling $2,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 58 $11,460,000 $197,586 $0 0.00%
    $100k-150k 32 $5,690,000 $177,813 $0 0.00%
    $50k-75k 13 $1,275,000 $98,077 $0 0.00%
    $50k or less 12 $1,250,000 $104,167 $0 0.00%
    $75k-100k 12 $1,070,000 $89,167 $0 0.00%
    $250k+ 11 $2,665,000 $242,273 $0 0.00%

    Wymar Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 58 originations. The second most popular income band? $100k-150k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 138 $23,410,000 $169,638 $0 0.00%

    Wymar Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 138 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 100 $17,100,000 $171,000 $0 0.00%
    Black 30 $4,710,000 $157,000 $0 0.00%
    Not provided 7 $1,535,000 $219,286 $0 0.00%
    Asian 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.24%

    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
    57.25%

    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 138 $23,410,000 $169,638

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    138 $23,410,000 $169,638