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 Refi loans. Envision Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tallahassee, Thomasville, Bainbridge, Orlando, and Atlanta among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Envision 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. 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% | 4/21/24 |
| 30 Year Conventional Purchase | 7.12% | 4/21/24 |
| 30 Year Conventional Refi | 6.85% | 4/21/24 |
| 30 Year Cash-out Refi | 7.15% | 4/21/24 |
| 15 Year Conventional Purchase | 6.18% | 4/21/24 |
| 15 Year Conventional Refi | 6.42% | 4/21/24 |
| 15 Year Cash-out Refi | 6.42% | 4/21/24 |
| 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. | ||
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
306Origination Dollar Volume (All Markets)
$43,610,000Awards
Envision Credit Union - 2019
Envision Credit Union is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 204 | $29,230,000 | $143,284 | $3,868 | 4.95% |
| Outside of Metro Areas | 36 | $5,180,000 | $143,889 | $3,786 | 4.88% |
| Thomasville, GA (FHA|USDA|VA) | 29 | $3,295,000 | $113,621 | $3,534 | 5.56% |
| Bainbridge, GA (FHA|USDA|VA) | 13 | $1,625,000 | $125,000 | $3,510 | 5.44% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $4,177 | 4.91% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,626 | 5.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,128 | 4.44% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,997 | 5.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,636 | 4.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $3,432 | 4.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,285 | 4.00% |
| Moultrie, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,597 | 4.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,753 | 5.35% |
| Americus, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,685 | 3.45% |
| Jesup, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,484 | 3.69% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,302 | 4.63% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $3,556 | 3.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.25% |
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 | 305 | $43,515,000 | $142,672 | $3,813 | 4.99% |
| HELOC | 1 | $95,000 | $95,000 | n/a | 4.75% |
For 2019, Envision Credit Union's most frequently originated type of loan was Conventional, with 305 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2019, Envision Credit Union's most frequently cited loan purpose was Home Purchase, with 147 originations. The 2nd most popular reason was Refi, with 99 originations.
Loan Duration/Length
For 2019, Envision Credit Union's most frequently cited loan duration was 30 Year, with 173 originations. The 2nd most popular length was 15 Year, with 52 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 218 | $35,310,000 | $161,972 |
| $2k-3k | 21 | $3,395,000 | $161,667 |
| $<1k | 8 | $1,670,000 | $208,750 |
| $5k+ | 1 | $335,000 | $335,000 |
Envision Credit Union's average total fees were $3,940, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 218 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 128 | $21,080,000 | $164,688 |
| 3-4% | 66 | $9,860,000 | $149,394 |
| 5-6% | 52 | $7,490,000 | $144,038 |
| 6-7% | 41 | $4,345,000 | $105,976 |
| 7-8% | 19 | $835,000 | $43,947 |
During 2019, Envision Credit Union's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 4-5%, with 128 originations.
Loan Sizing
2019 saw Envision Credit Union place emphasis on $100,000 or less loans with 117 originations, totaling $7,095,000 in origination value.
Applicant Income
Envision Credit Union lent most frequently to those with incomes in the $50k-75k range, with 79 originations. The second most popular income band? $50k or less, with 74 originations.
Applicant Debt to Income Ratio
Envision Credit Union lent most frequently to those with DTI ratios of 30-36%, with 73 originations. The next most common DTI ratio? 20-30%, with 55 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.64%
Envision Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination63.07%
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 |
|---|---|---|---|
| 79.0 | 1 | $25,000 | $25,000 |
| NA | 305 | $43,585,000 | $142,902 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 7 | $525,000 | $75,000 |
| Single Family (1-4 Units):Site-Built | 299 | $43,085,000 | $144,097 |