Envision Credit Union Mortgage Rates, Fees & InfoTallahassee, FL
Tax ID: 59-0873652
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewEnvision 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.
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.
|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.|
Origination Dollar Volume (All Markets)$40,860,000
Envision Credit Union's average 30 year fixed mortgage rate was
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.
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%|
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.
Similarity Rank: 240
Similarity Rank: 494
Similarity Rank: 532
Similarity Rank: 2088
Similarity Rank: 2160
Similarity Rank: 3600
Similarity Rank: 5440
Similarity Rank: 5609
Similarity Rank: 6080
Similarity Rank: 6084
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Envision Credit Union's most frequently originated type of loan was Conventional, with 224 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||78||$13,120,000||$168,205||$3,756||4.52%|
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.
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
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
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.
|Loan Rate||Originations||Total Value||Average Loan|
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.
2022 saw Envision Credit Union place emphasis on $100k-200k loans with 98 originations, totaling $14,590,000 in origination value.
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.
Approval RatesTotal approvals of all applications
Envision Credit Union has an average approval rate.
Pick RateApprovals leading to origination
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|