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 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 Cape Coral among others. We have data for 45 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.

    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

    1,330

    Origination Dollar Volume (All Markets)

    $207,170,000

    Awards

    Associated Credit Union 30 Year Conventional Loans gold
    Show all (1) 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) 1,103 $165,315,000 $149,878 $4,180 3.32%
    Outside of Metro Areas 48 $10,260,000 $213,750 $4,984 2.96%
    GAINESVILLE, GA (FHA|USDA|VA) 41 $7,725,000 $188,415 $4,477 3.35%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 59 $7,135,000 $120,932 $3,673 3.24%
    Jefferson, GA (FHA|USDA|VA) 16 $2,350,000 $146,875 $4,091 3.61%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,510,000 $755,000 $12,658 2.75%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $970,000 $485,000 $12,184 3.38%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $940,000 $470,000 $9,136 2.88%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $805,000 $805,000 $10,832 2.88%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $680,000 $170,000 $3,670 3.28%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $650,000 $325,000 $6,140 3.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $595,000 $198,333 $3,738 2.67%
    Georgetown, SC (FHA|USDA|VA) 1 $555,000 $555,000 $13,926 2.88%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 6 $520,000 $86,667 $4,263 4.08%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $485,000 $485,000 $6,621 4.25%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $485,000 $485,000 $9,174 3.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $455,000 $151,667 $3,989 2.92%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $435,000 $435,000 $7,142 3.25%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $370,000 $185,000 $4,897 3.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $345,000 $345,000 $8,106 3.25%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $335,000 $111,667 $3,478 3.13%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $305,000 $305,000 $8,479 3.38%
    Fort Payne, AL (FHA|USDA|VA) 1 $305,000 $305,000 $4,308 2.63%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $300,000 $150,000 $4,049 3.25%
    Seneca, SC (FHA|USDA|VA) 1 $295,000 $295,000 $7,585 3.00%
    COLUMBUS, GA-AL (FHA|USDA|VA) 2 $280,000 $140,000 $3,809 3.44%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $275,000 $275,000 $7,645 3.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $260,000 $130,000 $4,878 2.81%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $205,000 $205,000 $5,192 2.75%
    Cornelia, GA (FHA|USDA|VA) 1 $195,000 $195,000 $3,221 2.38%
    Statesboro, GA (FHA|USDA|VA) 1 $195,000 $195,000 $3,277 2.25%
    Calhoun, GA (FHA|USDA|VA) 1 $175,000 $175,000 $5,203 2.50%
    Dublin, GA (FHA|USDA|VA) 1 $165,000 $165,000 $2,923 2.88%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $165,000 $165,000 $5,879 2.88%
    FLORENCE, SC (FHA|USDA|VA) 2 $160,000 $80,000 $2,391 3.19%
    Albemarle, NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,710 2.88%
    VALDOSTA, GA (FHA|USDA|VA) 1 $125,000 $125,000 $3,618 2.25%
    ALBANY, GA (FHA|USDA|VA) 1 $115,000 $115,000 $3,483 3.75%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $105,000 $105,000 $3,781 2.63%
    Cedartown, GA (FHA|USDA|VA) 1 $105,000 $105,000 $2,962 3.25%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $105,000 $105,000 $1,825 2.75%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $75,000 $75,000 $3,135 4.25%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $65,000 $65,000 $2,436 2.50%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $65,000 $65,000 $2,851 4.25%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $55,000 $55,000 $1,775 3.00%
    Associated Credit Union's top markets include Atlanta, Gainesville, Augusta, Jefferson, and Cape Coral among others.

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

    Emory Alliance Credit Union
    Similarity Rank: 305
    Coastal Carolina National Bank
    Similarity Rank: 675
    Credence Funding Corporation
    Similarity Rank: 707
    First Community Bank
    Similarity Rank: 1170
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 1218
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 1395
    First Palmetto Bank
    Similarity Rank: 2100
    Aurora Financial, LLC
    Similarity Rank: 2263
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 2280
    POWERCO
    Similarity Rank: 2296

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,013 $188,835,000 $186,412 $4,263 2.92%
    HELOC 317 $18,335,000 $57,839 n/a 4.53%

    For 2021, Associated Credit Union's most frequently originated type of loan was Conventional, with 1,013 originations. Their 2nd most popular type was HELOC, with 317 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 812 $141,940,000 $174,803 $4,014 2.84%
    Home Improvement 315 $17,505,000 $55,571 $592 4.57%
    Home Purchase 178 $46,290,000 $260,056 $5,625 3.02%
    Other 25 $1,435,000 $57,400 $608 4.37%

    For 2021, Associated Credit Union's most frequently cited loan purpose was Refi, with 812 originations. The 2nd most popular reason was Home Improvement, with 315 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 458 $100,230,000 $218,843 $5,151 3.11%
    15 Year 322 $54,190,000 $168,292 $3,547 2.65%
    10 Year 240 $20,310,000 $84,625 $2,765 3.52%
    5 Year 188 $9,680,000 $51,489 $592 4.92%
    20 Year 84 $17,660,000 $210,238 $4,459 2.85%
    Other 38 $5,100,000 $134,211 $2,658 2.76%

    For 2021, Associated Credit Union's most frequently cited loan duration was 30 Year, with 458 originations. The 2nd most popular length was 15 Year, with 322 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 325 $43,805,000 $134,785
    $2k-3k 183 $35,995,000 $196,694
    $<1k 164 $13,750,000 $83,841
    $5k+ 126 $46,910,000 $372,302
    $3k-4k 111 $27,915,000 $251,486
    $4k-5k 68 $18,810,000 $276,618

    Associated Credit Union's average total fees were $5,151, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 325 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 413 $90,145,000 $218,269
    3-4% 386 $54,920,000 $142,280
    <2.5% 310 $49,500,000 $159,677
    4-5% 208 $11,940,000 $57,404
    5-6% 12 $630,000 $52,500
    6-7% 1 $35,000 $35,000

    During 2021, Associated Credit Union's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 2.5-3%, with 413 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 500 $27,890,000 $55,780 $2,106 3.89%
    $100k-200k 484 $69,440,000 $143,471 $3,513 2.98%
    $200k-400k 292 $77,430,000 $265,171 $5,884 2.89%
    $400k-600k 37 $17,485,000 $472,568 $8,797 2.99%
    $600k-1MM 13 $10,075,000 $775,000 $10,079 2.75%
    $1MM+ 4 $4,850,000 $1,212,500 $16,180 2.97%

    2021 saw Associated Credit Union place emphasis on $100,000 or less loans with 500 originations, totaling $27,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 311 $39,075,000 $125,643 $3,768 3.19%
    $100k-150k 292 $51,000,000 $174,658 $4,740 3.29%
    $75k-100k 266 $36,390,000 $136,805 $4,010 3.39%
    $50k or less 214 $23,120,000 $108,037 $3,132 3.13%
    $150k-250k 196 $41,320,000 $210,816 $5,820 3.51%
    $250k+ 48 $15,880,000 $330,833 $6,975 3.48%

    Associated Credit Union lent most frequently to those with incomes in the $50k-75k range, with 311 originations. The second most popular income band? $100k-150k, with 292 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 364 $55,930,000 $153,654 $3,973 3.25%
    <20% 257 $31,785,000 $123,677 $3,533 3.53%
    30-36% 253 $40,505,000 $160,099 $4,586 3.36%
    41% 46 $7,530,000 $163,696 $4,936 3.23%
    43% 44 $6,980,000 $158,636 $4,653 3.30%
    42% 43 $6,565,000 $152,674 $4,532 3.38%
    38% 42 $6,340,000 $150,952 $4,318 3.24%
    40% 41 $6,365,000 $155,244 $5,442 3.47%
    39% 37 $5,675,000 $153,378 $4,117 3.06%
    44% 34 $7,060,000 $207,647 $4,576 3.05%
    37% 33 $4,975,000 $150,758 $4,965 3.37%
    36% 32 $3,940,000 $123,125 $3,504 3.16%
    48% 24 $5,240,000 $218,333 $4,541 2.93%
    49% 21 $4,355,000 $207,381 $4,551 2.85%
    47% 19 $3,655,000 $192,368 $4,247 3.07%
    46% 17 $4,155,000 $244,412 $4,583 3.00%
    45% 13 $3,835,000 $295,000 $6,154 2.70%
    50-60% 6 $1,690,000 $281,667 $5,617 3.10%
    >60% 3 $465,000 $155,000 $3,270 3.29%

    Associated Credit Union lent most frequently to those with DTI ratios of 20-30%, with 364 originations. The next most common DTI ratio? <20%, with 257 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 621 $103,385,000 $166,481 $4,302 3.29%
    Black 401 $60,925,000 $151,933 $4,181 3.16%
    Not provided 258 $34,100,000 $132,171 $4,281 3.55%
    Asian 31 $5,305,000 $171,129 $4,063 3.37%
    Asian Indian 5 $1,135,000 $227,000 $6,934 3.20%
    Native Hawaiian or Islander 4 $780,000 $195,000 $5,000 2.78%
    American Indian 4 $670,000 $167,500 $3,844 3.25%
    Not applicable 2 $350,000 $175,000 $3,450 3.63%
    Japanese 2 $230,000 $115,000 $1,938 3.69%
    Other Asian 1 $225,000 $225,000 $7,136 3.38%
    Chinese 1 $65,000 $65,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    85.53%

    Associated Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.89%

    Associated Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,330 $207,170,000 $155,767

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,330 $207,170,000 $155,767

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 232 $22,780,000 $98,190 $2,380 3.36%
    40-60% 307 $52,905,000 $172,329 $3,403 2.82%
    60-80% 366 $82,310,000 $224,891 $5,247 2.90%
    80-100% 136 $34,990,000 $257,279 $6,108 3.02%
    Over 100% 1 $115,000 $115,000 $2,391 2.38%
    Under 20% 277 $12,155,000 $43,881 $1,400 4.48%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 16.7%
    ASSOCIATED BANC-CORP Conventional home mortgage Incorrect information on your report 1 8.3%
    ASSOCIATED BANC-CORP Conventional home mortgage Struggling to pay mortgage 2 16.7%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 3 25.0%
    ASSOCIATED BANC-CORP FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 8.3%
    ASSOCIATED BANC-CORP FHA mortgage Struggling to pay mortgage 1 8.3%
    ASSOCIATED BANC-CORP FHA mortgage Trouble during payment process 1 8.3%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 8.3%