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, Bainbridge, Atlanta, Thomasville, and Asheville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Envision Credit Union has a below 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 |
|---|---|---|
| 30 Year Conventional Purchase | 7.02% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 7.52% | 4/5/25 |
| 15 Year Conventional Purchase | 6.62% | 4/5/25 |
| 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. | ||
Envision Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
51Origination Dollar Volume (All Markets)
$9,235,000Awards
Envision Credit Union - 2024
Envision Credit Union is a 2024 , due to their low .
For 2024, 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
6.98%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.43%.
Relative Fees (Closing Costs)
Envision Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,488.
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 $8,356.
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) | 30 | $5,840,000 | $194,667 | $4,302 | 6.91% |
| Outside of Metro Areas | 13 | $1,725,000 | $132,692 | $4,138 | 6.79% |
| Bainbridge, GA (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $3,900 | 6.72% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,558 | 6.99% |
| Thomasville, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,403 | 7.68% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,826 | 7.50% |
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 | 51 | $9,235,000 | $181,078 | $4,198 | 6.91% |
For 2024, Envision Credit Union's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2024, Envision Credit Union's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.
Loan Duration/Length
For 2024, Envision Credit Union's most frequently cited loan duration was 30 Year, with 29 originations. The 2nd most popular length was 20 Year, with 15 originations.
Origination Fees/Closing Costs
Envision Credit Union's average total fees were $4,488, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 35 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 26 | $5,420,000 | $208,462 |
| 7-8% | 21 | $3,005,000 | $143,095 |
| 5-6% | 4 | $810,000 | $202,500 |
During 2024, Envision Credit Union's average interest rate for loans was 6.98%, while their most frequently originated rate bucket for loans was 6-7%, with 26 originations.
Loan Sizing
2024 saw Envision Credit Union place emphasis on $100k-200k loans with 20 originations, totaling $2,770,000 in origination value.
Applicant Income
Envision Credit Union lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $75k-100k, with 12 originations.
Applicant Debt to Income Ratio
Envision Credit Union lent most frequently to those with DTI ratios of 30-36%, with 13 originations. The next most common DTI ratio? 20-30%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications67.65%
Envision Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination19.61%
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 |
|---|---|---|---|
| 11420.56 | 1 | $325,000 | $325,000 |
| 4482.15 | 1 | $105,000 | $105,000 |
| 4905.56 | 1 | $155,000 | $155,000 |
| 5004.44 | 1 | $135,000 | $135,000 |
| 5356.06 | 1 | $185,000 | $185,000 |
| 5815.06 | 1 | $265,000 | $265,000 |
| 6173.25 | 1 | $55,000 | $55,000 |
| 6202.81 | 1 | $205,000 | $205,000 |
| 6633.06 | 1 | $255,000 | $255,000 |
| 7148.56 | 1 | $225,000 | $225,000 |
| 7241.06 | 1 | $125,000 | $125,000 |
| 7364.85 | 1 | $215,000 | $215,000 |
| 8712.56 | 1 | $315,000 | $315,000 |
| 8873.86 | 1 | $165,000 | $165,000 |
| 8942.99 | 1 | $135,000 | $135,000 |
| 9790.56 | 1 | $255,000 | $255,000 |
| NA | 35 | $6,115,000 | $174,714 |