Associated Credit Union Mortgage Rates, Fees & Info

Norcross, GA

LEI: 254900132A3VX6LLZU43

Tax ID: 58-0240950

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

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Mortgage Data

Review & Overview

Associated Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Associated Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Gainesville, Augusta, Jefferson, and Tampa among others. We have data for 33 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 about average 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.54% 3/24/24
30 Year Conventional Refi 6.61% 3/24/24
30 Year Cash-out Refi 6.27% 3/24/24
15 Year Conventional Purchase 5.99% 3/24/24
15 Year Conventional Refi 6.23% 3/24/24
15 Year Cash-out Refi 6.23% 3/24/24
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

1,139

Origination Dollar Volume (All Markets)

$152,955,000

Awards

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

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) 928 $125,680,000 $135,431 $4,044 4.49%
Outside of Metro Areas 69 $7,895,000 $114,420 $4,129 4.63%
GAINESVILLE, GA (FHA|USDA|VA) 33 $5,005,000 $151,667 $4,463 4.32%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 44 $4,440,000 $100,909 $3,308 4.60%
Jefferson, GA (FHA|USDA|VA) 23 $3,115,000 $135,435 $3,722 4.11%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $675,000 $225,000 $5,175 3.21%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $670,000 $335,000 $5,918 3.63%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $560,000 $280,000 $6,742 3.25%
Seneca, SC (FHA|USDA|VA) 2 $530,000 $265,000 $5,430 3.75%
Dublin, GA (FHA|USDA|VA) 3 $495,000 $165,000 $4,598 4.13%
Cornelia, GA (FHA|USDA|VA) 4 $460,000 $115,000 $3,120 4.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $415,000 $138,333 $4,864 5.08%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $295,000 $295,000 $8,402 3.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $275,000 $275,000 $8,217 3.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $7,780 3.88%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $5,889 3.38%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $195,000 $195,000 $5,502 3.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $195,000 $195,000 $8,489 5.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $185,000 $185,000 $5,253 4.13%
St. Marys, GA (FHA|USDA|VA) 1 $155,000 $155,000 $4,059 4.38%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,607 3.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $125,000 $125,000 $3,196 2.88%
COLUMBIA, SC (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.50%
SPARTANBURG, SC (FHA|USDA|VA) 1 $125,000 $125,000 $3,585 5.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 3 $115,000 $38,333 $640 6.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $105,000 $105,000 $1,385 5.50%
SAVANNAH, GA (FHA|USDA|VA) 1 $105,000 $105,000 $5,235 4.38%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $75,000 $75,000 $3,042 2.99%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $65,000 $65,000 $2,630 3.63%
Albertville, AL (FHA|USDA|VA) 1 $55,000 $55,000 $2,182 3.63%
Vidalia, GA (FHA|USDA|VA) 1 $55,000 $55,000 $3,362 3.13%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.50%
Associated Credit Union's top markets include Atlanta, Gainesville, Augusta, Jefferson, and Tampa among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Tennessee (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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 772 $133,580,000 $173,031 $4,056 3.85%
    HELOC 367 $19,375,000 $52,793 n/a 5.82%

    For 2019, Associated Credit Union's most frequently originated type of loan was Conventional, with 772 originations. Their 2nd most popular type was HELOC, with 367 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 488 $86,470,000 $177,193 $4,308 3.56%
    Home Improvement 233 $11,415,000 $48,991 $628 5.90%
    Other 213 $10,805,000 $50,728 $601 5.74%
    Home Purchase 204 $44,060,000 $215,980 $5,162 3.76%
    Cash Out Refi 1 $205,000 $205,000 $4,982 3.25%

    For 2019, Associated Credit Union's most frequently cited loan purpose was Refi, with 488 originations. The 2nd most popular reason was Home Improvement, with 233 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 307 $64,805,000 $211,091 $5,230 3.89%
    15 Year 249 $40,965,000 $164,518 $3,614 3.42%
    10 Year 244 $15,440,000 $63,279 $2,046 5.21%
    5 Year 211 $9,045,000 $42,867 $599 6.21%
    20 Year 95 $20,545,000 $216,263 $4,916 3.42%
    Other 33 $2,155,000 $65,303 $1,494 4.67%

    For 2019, Associated Credit Union's most frequently cited loan duration was 30 Year, with 307 originations. The 2nd most popular length was 15 Year, with 249 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 216 $30,500,000 $141,204
    $<1k 178 $11,930,000 $67,022
    $2k-3k 158 $32,060,000 $202,911
    $3k-4k 91 $20,045,000 $220,275
    $5k+ 71 $22,815,000 $321,338
    $4k-5k 58 $16,230,000 $279,828

    Associated Credit Union's average total fees were $5,230, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 216 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 418 $85,500,000 $204,545
    5-6% 208 $11,420,000 $54,904
    6-7% 193 $9,165,000 $47,487
    4-5% 172 $21,630,000 $125,756
    2.5-3% 143 $24,785,000 $173,322
    <2.5% 4 $420,000 $105,000
    7-8% 1 $35,000 $35,000

    During 2019, Associated Credit Union's average interest rate for loans was 3.89%, while their most frequently originated rate bucket for loans was 3-4%, with 418 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 495 $23,235,000 $46,939 $1,482 5.45%
    $100k-200k 400 $57,510,000 $143,775 $3,828 3.85%
    $200k-400k 205 $53,885,000 $262,854 $5,944 3.57%
    $400k-600k 38 $17,370,000 $457,105 $8,064 3.58%
    $600k-1MM 1 $955,000 $955,000 $6,801 3.25%

    2019 saw Associated Credit Union place emphasis on $100,000 or less loans with 495 originations, totaling $23,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 292 $42,970,000 $147,158 $4,325 4.46%
    $50k-75k 272 $31,100,000 $114,338 $3,827 4.44%
    $75k-100k 201 $24,665,000 $122,711 $3,855 4.58%
    $50k or less 172 $14,750,000 $85,756 $2,938 4.49%
    $150k-250k 164 $30,980,000 $188,902 $5,269 4.43%
    $250k+ 33 $8,225,000 $249,242 $4,752 4.65%

    Associated Credit Union lent most frequently to those with incomes in the $100k-150k range, with 292 originations. The second most popular income band? $50k-75k, with 272 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 342 $48,320,000 $141,287 $4,313 4.47%
    30-36% 236 $29,870,000 $126,568 $3,910 4.46%
    <20% 196 $23,270,000 $118,724 $3,865 4.65%
    36% 44 $6,350,000 $144,318 $3,995 4.32%
    38% 41 $4,895,000 $119,390 $3,716 4.46%
    43% 40 $5,210,000 $130,250 $3,637 4.57%
    39% 36 $4,760,000 $132,222 $4,315 4.61%
    37% 35 $6,325,000 $180,714 $4,794 4.12%
    42% 34 $4,470,000 $131,471 $3,894 4.53%
    41% 30 $4,220,000 $140,667 $3,475 4.60%
    40% 28 $4,060,000 $145,000 $3,746 4.16%
    44% 22 $3,000,000 $136,364 $4,125 4.51%
    45% 12 $1,730,000 $144,167 $3,396 4.53%
    47% 10 $1,950,000 $195,000 $5,244 3.78%
    48% 8 $1,670,000 $208,750 $5,184 4.27%
    49% 8 $1,220,000 $152,500 $4,541 4.39%
    46% 7 $835,000 $119,286 $4,154 5.00%
    50-60% 6 $600,000 $100,000 $3,528 4.06%
    >60% 4 $200,000 $50,000 $635 5.13%

    Associated Credit Union lent most frequently to those with DTI ratios of 20-30%, with 342 originations. The next most common DTI ratio? 30-36%, with 236 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 670 $92,770,000 $138,463 $4,121 4.52%
    Black 234 $29,970,000 $128,077 $3,898 4.33%
    Not provided 190 $22,660,000 $119,263 $4,051 4.67%
    Asian 25 $4,585,000 $183,400 $4,280 3.98%
    Asian Indian 8 $1,200,000 $150,000 $3,787 3.84%
    American Indian 6 $1,090,000 $181,667 $4,084 3.77%
    Native Hawaiian or Islander 5 $535,000 $107,000 $3,350 4.05%
    Other Asian 1 $145,000 $145,000 $4,462 3.13%

    Approval Rates

    Total approvals of all applications
    83.69%

    Associated Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.58%

    Associated Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,139 $152,955,000 $134,289

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,139 $152,955,000 $134,289

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 183 $13,905,000 $75,984 $1,889 5.19%
    40-60% 194 $30,790,000 $158,711 $3,464 3.72%
    60-80% 294 $60,660,000 $206,327 $5,065 3.59%
    80-100% 164 $36,120,000 $220,244 $5,471 3.80%
    Under 20% 304 $11,480,000 $37,763 $662 5.78%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 11.8%
    ASSOCIATED BANC-CORP Conventional home mortgage Closing on a mortgage 1 5.9%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 7 41.2%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Trouble during payment process 1 5.9%
    ASSOCIATED BANC-CORP Other type of mortgage Closing on a mortgage 2 11.8%
    ASSOCIATED BANC-CORP Other type of mortgage Trouble during payment process 4 23.5%