Envision Credit Union Mortgage Rates, Fees & Info
Tallahassee, FLLEI: 2549006RTCWYNJPDX013
Tax ID: 59-0873652
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Envision Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Envision Credit Union has a high proportion of conventional loans. Their top markets include Tallahassee, Thomasville, Bainbridge, Orlando, and Panama City among others. Envision Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Envision Credit Union is typically an average fee lendor.Originations
523Origination Dollar Volume (All Markets)
$93,715,000Awards
Envision Credit Union - 2021
Envision Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Envision Credit Union's average 30 year fixed rate mortgage of loans were
3.01%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.14%.
Relative Fees
Envision Credit Union's average total fees for a 30 year fixed rate
mortgage are $4,043.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| TALLAHASSEE, FL (FHA|USDA|VA) | 401 | $73,405,000 | $183,055 | $3,947 | 2.98% |
| Outside of Metro Areas | 43 | $5,695,000 | $132,442 | $3,706 | 3.30% |
| Thomasville, GA (FHA|USDA|VA) | 31 | $4,945,000 | $159,516 | $3,627 | 3.03% |
| Bainbridge, GA (FHA|USDA|VA) | 15 | $3,425,000 | $228,333 | $3,945 | 3.09% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $3,981 | 3.08% |
| PANAMA CITY, FL (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $3,730 | 2.47% |
| VALDOSTA, GA (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $3,688 | 3.64% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $3,132 | 2.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,672 | 3.14% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,652 | 2.80% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,499 | 3.91% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,876 | 2.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,310 | 3.25% |
| Americus, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,743 | 2.05% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,222 | 2.95% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,219 | 2.13% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,091 | 3.35% |
Envision Credit Union's top markets include Tallahassee, Thomasville, Bainbridge, Orlando, and Panama City among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 523 | $93,715,000 | $179,187 | $3,891 | 3.01% |
For the 2021 period, Envision Credit Union's most frequently originated loan type of loans were Conventional, with 523 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 208 | $39,500,000 | $189,904 | $3,898 | 2.88% |
| Refi | 153 | $26,215,000 | $171,340 | $3,531 | 2.68% |
| Home Purchase | 136 | $26,890,000 | $197,721 | $4,285 | 3.30% |
| Other | 16 | $680,000 | $42,500 | $0 | 4.50% |
| Home Improvement | 10 | $430,000 | $43,000 | $0 | 4.70% |
For the 2021, Envision Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 208 originations. The 2nd most popular reason of loans were Refi, with 153 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 273 | $54,705,000 | $200,385 | $4,043 | 3.01% |
| 15 Year | 131 | $21,035,000 | $160,573 | $3,597 | 2.47% |
| 20 Year | 67 | $13,715,000 | $204,701 | $4,140 | 3.69% |
| 10 Year | 43 | $3,555,000 | $82,674 | $3,342 | 3.40% |
| Other | 5 | $585,000 | $117,000 | $2,583 | 3.61% |
| 5 Year | 4 | $120,000 | $30,000 | $655 | 4.36% |
For the 2021, Envision Credit Union's most frequently cited loan length of loans were 30 Year, with 273 originations. The 2nd most popular length of loans were 15 Year, with 131 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 488 | $91,040,000 | $186,557 |
| $<1k | 3 | $255,000 | $85,000 |
| $2k-3k | 2 | $240,000 | $120,000 |
| $3k-4k | 2 | $410,000 | $205,000 |
| $5k+ | 2 | $660,000 | $330,000 |
$4,043 of loans were Envision Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 488 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 176 | $33,920,000 | $192,727 |
| <2.5% | 158 | $26,420,000 | $167,215 |
| 3-4% | 132 | $24,840,000 | $188,182 |
| 4-5% | 51 | $8,255,000 | $161,863 |
| 5-6% | 5 | $255,000 | $51,000 |
| 6-7% | 1 | $25,000 | $25,000 |
During 2021, Envision Credit Union's average interest rate of loans were 3.01%, while their most frequently originated rate bucket of loans were 2.5-3%, with 176 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 264 | $39,380,000 | $149,167 | $3,660 | 2.92% |
| $200k-400k | 137 | $37,255,000 | $271,934 | $4,460 | 2.99% |
| $100,000 or less | 103 | $7,045,000 | $68,398 | $3,257 | 3.30% |
| $400k-600k | 16 | $7,380,000 | $461,250 | $5,311 | 2.76% |
| $600k-1MM | 2 | $1,250,000 | $625,000 | $6,546 | 3.58% |
| $1MM+ | 1 | $1,405,000 | $1,405,000 | $8,601 | 4.75% |
2021 saw Envision Credit Union place emphasis on $100k-200k loans with 264 originations, totaling $39,380,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 156 | $25,450,000 | $163,141 | $3,959 | 3.08% |
| $100k-150k | 124 | $24,470,000 | $197,339 | $4,028 | 2.92% |
| $50k or less | 92 | $10,410,000 | $113,152 | $3,586 | 3.14% |
| $75k-100k | 86 | $15,850,000 | $184,302 | $3,714 | 2.99% |
| $150k-250k | 49 | $11,925,000 | $243,367 | $4,005 | 2.86% |
| $250k+ | 16 | $5,610,000 | $350,625 | $4,513 | 2.92% |
Envision Credit Union lent most frequently to those with incomes in the $50k-75k range, with 156 originations. The second most popular income band? $100k-150k, with 124 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 136 | $24,700,000 | $181,618 | $3,795 | 2.83% |
| 30-36% | 119 | $21,465,000 | $180,378 | $4,134 | 3.11% |
| <20% | 60 | $10,110,000 | $168,500 | $3,603 | 2.61% |
| 40% | 29 | $5,885,000 | $202,931 | $4,118 | 3.29% |
| 38% | 23 | $3,525,000 | $153,261 | $4,339 | 3.24% |
| 41% | 18 | $2,580,000 | $143,333 | $3,720 | 3.31% |
| 36% | 18 | $3,220,000 | $178,889 | $3,821 | 3.18% |
| 43% | 18 | $3,830,000 | $212,778 | $4,002 | 3.11% |
| 39% | 16 | $3,290,000 | $205,625 | $4,099 | 3.17% |
| 42% | 15 | $2,325,000 | $155,000 | $4,019 | 3.31% |
| 37% | 12 | $1,970,000 | $164,167 | $3,692 | 2.94% |
| 44% | 12 | $2,650,000 | $220,833 | $3,774 | 2.98% |
| >60% | 9 | $1,475,000 | $163,889 | $3,539 | 3.99% |
| 46% | 8 | $1,290,000 | $161,250 | $3,539 | 3.01% |
| 49% | 8 | $1,200,000 | $150,000 | $3,686 | 2.91% |
| 50-60% | 8 | $1,900,000 | $237,500 | $3,973 | 3.46% |
| 45% | 7 | $1,105,000 | $157,857 | $3,528 | 2.65% |
| 47% | 4 | $710,000 | $177,500 | $3,578 | 3.09% |
| 48% | 3 | $485,000 | $161,667 | $3,585 | 2.60% |
Envision Credit Union lent most frequently to those with DTI ratios of 20-30%, with 136 originations. The next most common DTI ratio? 30-36%, with 119 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 393 | $72,315,000 | $184,008 | $3,887 | 2.91% |
| Black | 117 | $20,005,000 | $170,983 | $3,914 | 3.33% |
| Asian | 4 | $650,000 | $162,500 | $3,952 | 2.50% |
| American Indian | 4 | $440,000 | $110,000 | $3,567 | 2.58% |
| Native Hawaiian | 1 | $155,000 | $155,000 | $3,727 | 2.20% |
| Not provided | 4 | $150,000 | $37,500 | $0 | 4.68% |
Approval Rates
Total approvals of all applications85.09%
Envision Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination68.39%
Envision 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 | 523 | $93,715,000 | $179,187 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 523 | $93,715,000 | $179,187 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 36 | $3,500,000 | $97,222 | $3,650 | 3.25% |
| 40-60% | 120 | $19,630,000 | $163,583 | $3,575 | 2.62% |
| 60-80% | 207 | $39,855,000 | $192,536 | $3,841 | 2.92% |
| 80-100% | 149 | $30,335,000 | $203,591 | $4,263 | 3.35% |
| Under 20% | 11 | $395,000 | $35,909 | $2,949 | 3.71% |
