Envision Credit Union Mortgage Rates, Fees & Info
Tallahassee, FLLEI: 2549006RTCWYNJPDX013
Tax ID: 59-0873652
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Mortgage Data
Review & Overview
Envision Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Envision Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tallahassee, Thomasville, Bainbridge, Orlando, and Moultrie among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Envision Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Envision Credit Union is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 3/31/23 |
| 30 Year Conventional Purchase | 7.12% | 3/31/23 |
| 30 Year Conventional Refi | 6.85% | 3/31/23 |
| 30 Year Cash-out Refi | 7.15% | 3/31/23 |
| 15 Year Conventional Purchase | 6.18% | 3/31/23 |
| 15 Year Conventional Refi | 6.42% | 3/31/23 |
| 15 Year Cash-out Refi | 6.42% | 3/31/23 |
| 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. | ||
Originations
224Origination Dollar Volume (All Markets)
$40,860,000Awards
Envision Credit Union - 2022
Envision Credit Union is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Envision Credit Union's average 30 year fixed mortgage rate was
4.35%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.41%.
Relative Fees (Closing Costs)
Envision Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,268.
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 $4,750.
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 |
|---|---|---|---|---|---|
| TALLAHASSEE, FL (FHA|USDA|VA) | 158 | $29,460,000 | $186,456 | $4,070 | 4.57% |
| Outside of Metro Areas | 32 | $5,310,000 | $165,938 | $3,854 | 4.95% |
| Thomasville, GA (FHA|USDA|VA) | 18 | $2,800,000 | $155,556 | $3,620 | 4.61% |
| Bainbridge, GA (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $4,090 | 4.98% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,521 | 5.33% |
| Moultrie, GA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,000 | 5.45% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,209 | 4.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,655 | 4.95% |
| OCALA, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,605 | 3.59% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,810 | 4.95% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,033 | 5.75% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,053 | 4.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $358 | 5.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Envision 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 | 224 | $40,860,000 | $182,411 | $3,987 | 4.66% |
For 2022, Envision Credit Union's most frequently originated type of loan was Conventional, with 224 originations.
Loan Reason
For 2022, Envision Credit Union's most frequently cited loan purpose was Home Purchase, with 116 originations. The 2nd most popular reason was Cash Out Refi, with 78 originations.
Loan Duration/Length
For 2022, Envision Credit Union's most frequently cited loan duration was 20 Year, with 84 originations. The 2nd most popular length was 30 Year, with 72 originations.
Origination Fees/Closing Costs
Envision Credit Union's average total fees were $4,268, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 207 originations.
Interest Rates
During 2022, Envision Credit Union's average interest rate for loans was 4.35%, while their most frequently originated rate bucket for loans was 4-5%, with 85 originations.
Loan Sizing
2022 saw Envision Credit Union place emphasis on $100k-200k loans with 98 originations, totaling $14,590,000 in origination value.
Applicant Income
Envision Credit Union lent most frequently to those with incomes in the $50k-75k range, with 57 originations. The second most popular income band? $75k-100k, with 53 originations.
Applicant Debt to Income Ratio
Envision Credit Union lent most frequently to those with DTI ratios of 20-30%, with 55 originations. The next most common DTI ratio? 30-36%, with 36 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.54%
Envision Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination61.61%
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 | 224 | $40,860,000 | $182,411 |