Associated Credit Union Mortgage Rates, Fees & Info

Norcross, GA

LEI: 254900132A3VX6LLZU43

Tax ID: 58-0240950

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Associated Credit Union is a smaller credit union specializing in Refi loans. Associated Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Gainesville, Augusta, Jefferson, and Athens among others. We have data for 43 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 an 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.

    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% 4/18/24
    30 Year Conventional Refi 6.61% 4/18/24
    30 Year Cash-out Refi 6.27% 4/18/24
    15 Year Conventional Purchase 5.99% 4/18/24
    15 Year Conventional Refi 6.23% 4/18/24
    15 Year Cash-out Refi 6.23% 4/18/24
    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

    1,751

    Origination Dollar Volume (All Markets)

    $289,275,000
    Show all (5) 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) 1,446 $241,950,000 $167,324 $4,181 3.24%
    GAINESVILLE, GA (FHA|USDA|VA) 62 $11,130,000 $179,516 $4,416 3.28%
    Outside of Metro Areas 77 $9,325,000 $121,104 $3,435 3.61%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 55 $7,275,000 $132,273 $3,909 3.36%
    Jefferson, GA (FHA|USDA|VA) 32 $5,390,000 $168,438 $4,098 3.18%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 13 $2,145,000 $165,000 $3,532 3.18%
    BRUNSWICK, GA (FHA|USDA|VA) 4 $910,000 $227,500 $4,244 2.78%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $860,000 $430,000 $8,845 2.69%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $825,000 $165,000 $4,761 2.85%
    Toccoa, GA (FHA|USDA|VA) 5 $815,000 $163,000 $5,263 3.23%
    SAVANNAH, GA (FHA|USDA|VA) 4 $750,000 $187,500 $4,407 2.78%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $695,000 $139,000 $4,885 3.50%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $655,000 $218,333 $4,939 2.88%
    Seneca, SC (FHA|USDA|VA) 2 $550,000 $275,000 $5,800 3.31%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 3 $495,000 $165,000 $4,331 2.63%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $495,000 $165,000 $4,247 3.42%
    Milledgeville, GA (FHA|USDA|VA) 2 $490,000 $245,000 $4,456 2.75%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $405,000 $405,000 $11,228 3.88%
    WARNER ROBINS, GA (FHA|USDA|VA) 2 $300,000 $150,000 $3,685 3.25%
    St. Marys, GA (FHA|USDA|VA) 1 $285,000 $285,000 $5,338 3.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $275,000 $275,000 $5,124 2.50%
    GREENVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $5,097 2.88%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $5,169 2.75%
    WILMINGTON, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,520 2.50%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,992 2.88%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $205,000 $205,000 $5,604 2.88%
    DALTON, GA (FHA|USDA|VA) 1 $185,000 $185,000 $4,696 2.50%
    Boone, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,616 2.75%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $175,000 $175,000 $5,900 3.25%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $175,000 $175,000 $4,218 2.88%
    Cullowhee, NC (FHA|USDA|VA) 1 $165,000 $165,000 $4,361 3.13%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $150,000 $75,000 $2,640 4.13%
    Cornelia, GA (FHA|USDA|VA) 1 $145,000 $145,000 $4,085 3.13%
    SUMTER, SC (FHA|USDA|VA) 1 $145,000 $145,000 $3,138 3.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $145,000 $145,000 $4,175 3.13%
    Cordele, GA (FHA|USDA|VA) 1 $125,000 $125,000 $2,451 3.50%
    COLUMBIA, SC (FHA|USDA|VA) 1 $125,000 $125,000 $3,968 3.13%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $115,000 $115,000 $2,371 2.38%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,854 2.63%
    HINESVILLE, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.00%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $55,000 $55,000 $2,323 3.88%
    Calhoun, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.75%
    OCALA, FL (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.00%
    Associated Credit Union's top markets include Atlanta, Gainesville, Augusta, Jefferson, and Athens among others.

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

    Coastal Carolina National Bank
    Similarity Rank: 500
    Emory Alliance Credit Union
    Similarity Rank: 855
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 932
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 1176
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 1404
    Credence Funding Corporation
    Similarity Rank: 1560
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 1792
    COCA-COLA
    Similarity Rank: 2496
    First Community Bank
    Similarity Rank: 2920
    Kwik Mortgage Corporation
    Similarity Rank: 3026

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,466 $274,370,000 $187,156 $4,166 3.01%
    HELOC 285 $14,905,000 $52,298 n/a 4.56%

    For 2020, Associated Credit Union's most frequently originated type of loan was Conventional, with 1,466 originations. Their 2nd most popular type was HELOC, with 285 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,242 $234,190,000 $188,559 $4,133 2.92%
    Home Improvement 281 $13,365,000 $47,562 $600 4.65%
    Home Purchase 186 $39,930,000 $214,677 $4,907 3.04%
    Other 42 $1,790,000 $42,619 $508 4.83%

    For 2020, Associated Credit Union's most frequently cited loan purpose was Refi, with 1,242 originations. The 2nd most popular reason was Home Improvement, with 281 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 680 $142,490,000 $209,544 $4,839 3.10%
    15 Year 482 $89,080,000 $184,813 $3,637 2.78%
    10 Year 259 $22,295,000 $86,081 $3,040 3.68%
    5 Year 160 $6,280,000 $39,250 $513 5.00%
    20 Year 136 $25,570,000 $188,015 $4,150 2.95%
    Other 34 $3,560,000 $104,706 $2,555 3.08%

    For 2020, Associated Credit Union's most frequently cited loan duration was 30 Year, with 680 originations. The 2nd most popular length was 15 Year, with 482 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 459 $65,375,000 $142,429
    $2k-3k 317 $62,715,000 $197,839
    $<1k 197 $16,705,000 $84,797
    $3k-4k 197 $52,035,000 $264,137
    $5k+ 145 $45,975,000 $317,069
    $4k-5k 109 $29,825,000 $273,624

    Associated Credit Union's average total fees were $4,839, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 459 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 809 $159,895,000 $197,645
    3-4% 485 $77,335,000 $159,454
    <2.5% 231 $41,105,000 $177,944
    4-5% 186 $9,150,000 $49,194
    5-6% 35 $1,525,000 $43,571
    6-7% 5 $265,000 $53,000

    During 2020, Associated Credit Union's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 809 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 730 $108,740,000 $148,959 $3,527 2.97%
    $100,000 or less 505 $27,385,000 $54,228 $2,013 4.00%
    $200k-400k 446 $118,570,000 $265,852 $5,641 2.94%
    $400k-600k 60 $27,760,000 $462,667 $7,467 2.88%
    $600k-1MM 10 $6,820,000 $682,000 $10,271 3.00%

    2020 saw Associated Credit Union place emphasis on $100k-200k loans with 730 originations, totaling $108,740,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 428 $73,140,000 $170,888 $4,347 3.26%
    $75k-100k 383 $58,285,000 $152,180 $4,119 3.29%
    $50k-75k 374 $49,970,000 $133,610 $3,654 3.22%
    $150k-250k 269 $58,155,000 $216,190 $5,022 3.33%
    $50k or less 221 $24,975,000 $113,009 $3,208 3.21%
    $250k+ 76 $24,750,000 $325,658 $6,030 3.16%

    Associated Credit Union lent most frequently to those with incomes in the $100k-150k range, with 428 originations. The second most popular income band? $75k-100k, with 383 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 572 $92,420,000 $161,573 $4,088 3.24%
    <20% 346 $53,210,000 $153,786 $3,580 3.23%
    30-36% 288 $51,360,000 $178,333 $4,513 3.30%
    38% 65 $11,185,000 $172,077 $4,619 3.35%
    36% 55 $8,805,000 $160,091 $4,382 3.23%
    37% 49 $7,445,000 $151,939 $4,000 3.43%
    39% 48 $7,330,000 $152,708 $4,450 3.35%
    44% 47 $8,675,000 $184,574 $4,681 3.04%
    43% 46 $7,890,000 $171,522 $4,683 3.20%
    40% 45 $8,715,000 $193,667 $4,399 3.26%
    42% 40 $6,260,000 $156,500 $4,358 3.41%
    41% 40 $7,400,000 $185,000 $4,652 3.21%
    45% 28 $4,160,000 $148,571 $3,960 3.60%
    49% 25 $4,315,000 $172,600 $4,297 3.01%
    47% 20 $3,770,000 $188,500 $4,515 3.22%
    48% 20 $3,490,000 $174,500 $3,884 3.17%
    46% 14 $2,450,000 $175,000 $4,763 3.22%
    50-60% 3 $395,000 $131,667 $3,102 2.75%

    Associated Credit Union lent most frequently to those with DTI ratios of 20-30%, with 572 originations. The next most common DTI ratio? <20%, with 346 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 999 $171,055,000 $171,226 $4,226 3.26%
    Black 399 $61,135,000 $153,221 $4,069 3.22%
    Not provided 279 $41,055,000 $147,151 $3,992 3.41%
    Asian 43 $9,785,000 $227,558 $4,490 2.94%
    Asian Indian 12 $2,680,000 $223,333 $4,693 2.82%
    American Indian 8 $1,840,000 $230,000 $5,911 3.14%
    Other Asian 4 $780,000 $195,000 $3,998 2.72%
    Native Hawaiian or Islander 6 $770,000 $128,333 $2,582 2.98%
    Vietnamese 1 $175,000 $175,000 $3,389 2.75%

    Approval Rates

    Total approvals of all applications
    83.57%

    Associated Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.12%

    Associated Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,751 $289,275,000 $165,206

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,751 $289,275,000 $165,206

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 218 $22,310,000 $102,339 $2,516 3.47%
    40-60% 451 $73,685,000 $163,381 $3,234 2.89%
    60-80% 590 $130,380,000 $220,983 $4,894 2.94%
    80-100% 225 $52,115,000 $231,622 $5,553 3.05%
    Under 20% 266 $10,550,000 $39,662 $1,096 4.59%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Closing on a mortgage 2 18.2%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 6 54.5%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Trouble during payment process 1 9.1%
    ASSOCIATED BANC-CORP Other type of mortgage Trouble during payment process 1 9.1%