Associated Credit Union Mortgage Rates, Fees & Info

Norcross, GA

LEI: 254900132A3VX6LLZU43

Tax ID: 58-0240950

5 stars - Updated: 12/9/24 - out of 5 stars, based on 28 reviews

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

Jump to:

Mortgage Data

Review & Overview

Associated Credit Union is a smaller credit union specializing in Home Purchase loans. Associated Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Augusta, Gainesville, Jefferson, and Brunswick among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

Associated Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Associated Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.54% 12/9/24
30 Year Conventional Refi 6.61% 12/9/24
30 Year Cash-out Refi 6.27% 12/9/24
15 Year Conventional Purchase 5.99% 12/9/24
15 Year Conventional Refi 6.23% 12/9/24
15 Year Cash-out Refi 6.23% 12/9/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Associated Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Associated Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

757

Origination Dollar Volume (All Markets)

$128,585,000

Awards

Associated Credit Union 30 Year Conventional Loans gold Associated Credit Union 30 Year Conventional Loans gold Associated Credit Union 30 Year Conventional Loans gold Associated Credit Union 30 Year Conventional Loans gold
Show all (4) awards

Relative Rate

Associated Credit Union's average 30 year fixed mortgage rate was 5.76%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.72%.

Relative Fees (Closing Costs)

Associated Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,337.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 612 $97,440,000 $159,216 $5,183 7.62%
Outside of Metro Areas 25 $6,665,000 $266,600 $5,808 6.71%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 42 $5,310,000 $126,429 $5,026 7.82%
GAINESVILLE, GA (FHA|USDA|VA) 17 $3,275,000 $192,647 $7,358 7.49%
Jefferson, GA (FHA|USDA|VA) 12 $1,810,000 $150,833 $4,249 7.52%
BRUNSWICK, GA (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $12,117 7.00%
SAVANNAH, GA (FHA|USDA|VA) 5 $1,475,000 $295,000 $6,239 7.25%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 5 $1,395,000 $279,000 $7,033 6.15%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $965,000 $321,667 $5,365 5.75%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $760,000 $380,000 $6,888 6.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $715,000 $715,000 $7,112 5.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $650,000 $325,000 $0 6.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $630,000 $315,000 $7,422 5.94%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $590,000 $295,000 $5,212 5.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $560,000 $280,000 $5,660 5.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $555,000 $555,000 $10,092 6.25%
Milledgeville, GA (FHA|USDA|VA) 2 $490,000 $245,000 $4,818 5.75%
Fort Payne, AL (FHA|USDA|VA) 2 $460,000 $230,000 $4,212 5.56%
LaGrange, GA-AL (FHA|USDA|VA) 1 $445,000 $445,000 $7,703 6.13%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $410,000 $205,000 $3,937 5.44%
ROME, GA (FHA|USDA|VA) 2 $400,000 $200,000 $3,924 5.81%
Toccoa, GA (FHA|USDA|VA) 1 $325,000 $325,000 $10,748 6.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $285,000 $285,000 $5,672 5.38%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $225,000 $225,000 $4,324 5.13%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $220,000 $110,000 $3,821 5.69%
Cedartown, GA (FHA|USDA|VA) 1 $165,000 $165,000 $4,645 6.13%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $165,000 $165,000 $4,369 5.50%
Seneca, SC (FHA|USDA|VA) 1 $155,000 $155,000 $4,042 5.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $115,000 $115,000 $4,123 6.38%
FLORENCE, SC (FHA|USDA|VA) 1 $115,000 $115,000 $3,408 5.13%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $75,000 $75,000 $2,639 5.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.25%
Associated Credit Union's top markets include Atlanta, Augusta, Gainesville, Jefferson, and Brunswick among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Associated Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SRP Federal Credit Union
    Similarity Rank: 190
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 464
    LGE COMMUNITY
    Similarity Rank: 546
    Security Federal Bank
    Similarity Rank: 630
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 900
    East West Bank
    Similarity Rank: 925
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 940
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 1076
    First Community Bank
    Similarity Rank: 1150

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 399 $28,355,000 $71,065 n/a 8.51%
    Conventional 358 $100,230,000 $279,972 $5,295 6.36%

    For 2023, Associated Credit Union's most frequently originated type of loan was HELOC, with 399 originations. Their 2nd most popular type was Conventional, with 358 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 297 $20,195,000 $67,997 $586 8.59%
    Home Purchase 209 $77,885,000 $372,656 $6,434 5.78%
    Other 128 $7,700,000 $60,156 $624 8.74%
    Refi 123 $22,805,000 $185,407 $5,194 6.47%

    For 2023, Associated Credit Union's most frequently cited loan purpose was Home Improvement, with 297 originations. The 2nd most popular reason was Home Purchase, with 209 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 266 $92,500,000 $347,744 $6,337 5.76%
    10 Year 231 $18,555,000 $80,325 $941 8.16%
    Other 217 $12,685,000 $58,456 $1,047 8.89%
    15 Year 29 $3,465,000 $119,483 $2,329 7.68%
    5 Year 9 $335,000 $37,222 $628 8.47%
    20 Year 5 $1,045,000 $209,000 $5,925 6.10%

    For 2023, Associated Credit Union's most frequently cited loan duration was 30 Year, with 266 originations. The 2nd most popular length was 10 Year, with 231 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 71 $39,825,000 $560,915
    $<1k 69 $6,395,000 $92,681
    $2k-3k 67 $14,825,000 $221,269
    $3k-4k 61 $19,695,000 $322,869
    $4k-5k 38 $13,980,000 $367,895
    $1k-2k 37 $4,735,000 $127,973

    Associated Credit Union's average total fees were $6,337, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 71 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 353 $23,975,000 $67,918
    5-6% 178 $57,890,000 $325,225
    7-8% 113 $9,055,000 $80,133
    6-7% 69 $24,435,000 $354,130
    4-5% 43 $13,125,000 $305,233
    3-4% 1 $105,000 $105,000

    During 2023, Associated Credit Union's average interest rate for loans was 5.76%, while their most frequently originated rate bucket for loans was Over 8%, with 353 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 383 $19,265,000 $50,300 $1,222 8.50%
    $200k-400k 153 $43,805,000 $286,307 $6,046 5.93%
    $100k-200k 142 $18,920,000 $133,239 $3,985 7.45%
    $400k-600k 53 $25,605,000 $483,113 $7,886 5.74%
    $600k-1MM 21 $15,325,000 $729,762 $9,498 5.70%
    $1MM+ 5 $5,665,000 $1,133,000 $10,672 5.95%

    2023 saw Associated Credit Union place emphasis on $100,000 or less loans with 383 originations, totaling $19,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 218 $35,500,000 $162,844 $5,378 7.55%
    $150k-250k 179 $37,305,000 $208,408 $5,907 7.47%
    $50k-75k 127 $12,645,000 $99,567 $3,821 7.46%
    $75k-100k 121 $15,355,000 $126,901 $4,908 7.56%
    $250k+ 61 $24,555,000 $402,541 $7,175 7.00%
    $50k or less 44 $2,720,000 $61,818 $3,036 7.85%

    Associated Credit Union lent most frequently to those with incomes in the $100k-150k range, with 218 originations. The second most popular income band? $150k-250k, with 179 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 186 $32,100,000 $172,581 $5,836 7.48%
    30-36% 151 $25,935,000 $171,755 $5,542 7.51%
    <20% 102 $14,150,000 $138,725 $4,818 7.54%
    39% 36 $6,610,000 $183,611 $5,075 7.72%
    44% 36 $5,900,000 $163,889 $4,342 7.47%
    43% 34 $5,430,000 $159,706 $4,050 8.16%
    38% 29 $4,985,000 $171,897 $4,525 6.96%
    40% 28 $4,670,000 $166,786 $5,689 7.49%
    37% 27 $5,015,000 $185,741 $5,198 7.23%
    36% 27 $4,135,000 $153,148 $6,495 7.50%
    41% 26 $5,730,000 $220,385 $7,115 7.09%
    42% 22 $3,840,000 $174,545 $4,941 7.78%
    45% 21 $3,485,000 $165,952 $4,801 7.79%
    46% 14 $2,390,000 $170,714 $3,801 7.26%
    >60% 8 $820,000 $102,500 $0 7.72%
    50-60% 5 $2,035,000 $407,000 $5,602 6.98%
    47% 2 $660,000 $330,000 $5,596 5.25%
    49% 2 $450,000 $225,000 $5,848 5.63%
    48% 1 $245,000 $245,000 $4,558 6.75%

    Associated Credit Union lent most frequently to those with DTI ratios of 20-30%, with 186 originations. The next most common DTI ratio? 30-36%, with 151 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 357 $61,115,000 $171,190 $5,253 7.41%
    Black 194 $24,850,000 $128,093 $4,530 7.67%
    Not provided 162 $23,440,000 $144,691 $5,254 7.78%
    Asian 25 $11,095,000 $443,800 $7,707 6.28%
    Asian Indian 15 $7,755,000 $517,000 $7,247 5.98%
    Other Asian 1 $205,000 $205,000 $0 8.25%
    Other Pacific Islander 1 $65,000 $65,000 $0 9.75%
    American Indian 2 $60,000 $30,000 $0 7.88%

    Approval Rates

    Total approvals of all applications
    77.32%

    Associated Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    48.35%

    Associated 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
    NA 757 $128,585,000 $169,861

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    757 $128,585,000 $169,861

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 120 $14,090,000 $117,417 $3,502 7.80%
    40-60% 51 $11,655,000 $228,529 $4,905 6.16%
    60-80% 111 $40,075,000 $361,036 $6,811 5.83%
    80-100% 104 $41,820,000 $402,115 $6,784 5.75%
    Over 100% 1 $85,000 $85,000 $2,294 5.38%
    Under 20% 367 $20,285,000 $55,272 $712 8.60%