Envision Credit Union Mortgage Rates, Fees & Info

Tallahassee, FL

LEI: 2549006RTCWYNJPDX013

Tax ID: 59-0873652

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Envision Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Envision Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tallahassee, Thomasville, Bainbridge, Orlando, and Panama City among others. We have data for 23 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/17/24
    30 Year Conventional Purchase 7.12% 11/17/24
    30 Year Conventional Refi 6.85% 11/17/24
    30 Year Cash-out Refi 7.15% 11/17/24
    15 Year Conventional Purchase 6.18% 11/17/24
    15 Year Conventional Refi 6.42% 11/17/24
    15 Year Cash-out Refi 6.42% 11/17/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Envision Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    588

    Origination Dollar Volume (All Markets)

    $103,450,000
    Show all (5) awards

    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) 446 $80,110,000 $179,619 $3,814 3.12%
    Outside of Metro Areas 53 $7,055,000 $133,113 $3,835 3.17%
    Thomasville, GA (FHA|USDA|VA) 38 $5,230,000 $137,632 $3,464 3.47%
    Bainbridge, GA (FHA|USDA|VA) 14 $2,090,000 $149,286 $3,716 3.68%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $1,865,000 $266,429 $3,925 2.72%
    PANAMA CITY, FL (FHA|USDA|VA) 4 $930,000 $232,500 $3,823 2.99%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $795,000 $265,000 $4,227 3.29%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $710,000 $355,000 $4,841 3.38%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $670,000 $335,000 $3,369 2.85%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $620,000 $310,000 $3,778 2.75%
    Moultrie, GA (FHA|USDA|VA) 3 $605,000 $201,667 $3,963 2.62%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $515,000 $515,000 $6,110 3.38%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $400,000 $200,000 $3,421 2.75%
    Key West, FL (FHA|USDA|VA) 1 $335,000 $335,000 $5,176 2.38%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,612 2.69%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,110 2.99%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,602 3.38%
    SAVANNAH, GA (FHA|USDA|VA) 1 $185,000 $185,000 $3,684 2.10%
    VALDOSTA, GA (FHA|USDA|VA) 2 $170,000 $85,000 $3,497 3.47%
    OCALA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,084 2.85%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,995 2.50%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,282 3.00%
    Palatka, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,488 3.25%
    Envision Credit Union's top markets include Tallahassee, Thomasville, Bainbridge, Orlando, and Panama City among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • 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.

    Tyndall Federal Credit Union
    Similarity Rank: 216
    Envision Credit Union
    Similarity Rank: 529
    SmartBank
    Similarity Rank: 800
    Capital City Bank
    Similarity Rank: 2072
    BAY CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 4611
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 4716
    Centennial Bank
    Similarity Rank: 6545
    PROVIDENT FUNDING ASSOCIATES, L.P.
    Similarity Rank: 7021
    Hancock Whitney Bank
    Similarity Rank: 7370
    CLEARPATH LENDING
    Similarity Rank: 7504

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 587 $103,205,000 $175,818 $3,804 3.15%
    HELOC 1 $245,000 $245,000 n/a 3.13%

    For 2020, Envision Credit Union's most frequently originated type of loan was Conventional, with 587 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 211 $42,065,000 $199,360 $3,652 2.74%
    Cash Out Refi 192 $35,960,000 $187,292 $3,768 3.02%
    Home Purchase 128 $22,830,000 $178,359 $4,109 3.09%
    Other 47 $2,235,000 $47,553 $0 5.26%
    Home Improvement 10 $360,000 $36,000 $0 4.93%

    For 2020, Envision Credit Union's most frequently cited loan purpose was Refi, with 211 originations. The 2nd most popular reason was Cash Out Refi, with 192 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 359 $73,305,000 $204,192 $3,918 3.09%
    15 Year 128 $19,150,000 $149,609 $3,524 2.91%
    10 Year 49 $3,555,000 $72,551 $3,346 4.15%
    20 Year 39 $7,025,000 $180,128 $3,805 2.91%
    5 Year 12 $370,000 $30,833 $0 4.02%
    Other 1 $45,000 $45,000 $0 4.39%

    For 2020, Envision Credit Union's most frequently cited loan duration was 30 Year, with 359 originations. The 2nd most popular length was 15 Year, with 128 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 519 $98,105,000 $189,027
    $3k-4k 6 $1,430,000 $238,333
    $4k-5k 2 $390,000 $195,000
    $<1k 1 $375,000 $375,000
    $2k-3k 1 $115,000 $115,000
    $5k+ 1 $195,000 $195,000

    Envision Credit Union's average total fees were $3,918, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 519 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 223 $44,975,000 $201,682
    <2.5% 147 $27,265,000 $185,476
    3-4% 146 $25,210,000 $172,671
    4-5% 47 $4,765,000 $101,383
    6-7% 15 $585,000 $39,000
    5-6% 8 $570,000 $71,250
    7-8% 2 $80,000 $40,000

    During 2020, Envision Credit Union's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 223 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 232 $34,050,000 $146,767 $3,594 2.91%
    $200k-400k 194 $52,280,000 $269,485 $4,156 2.90%
    $100,000 or less 145 $9,165,000 $63,207 $3,395 3.89%
    $400k-600k 17 $7,955,000 $467,941 $4,881 2.79%

    2020 saw Envision Credit Union place emphasis on $100k-200k loans with 232 originations, totaling $34,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 149 $30,195,000 $202,651 $3,920 3.17%
    $75k-100k 132 $22,810,000 $172,803 $3,773 3.04%
    $50k-75k 130 $18,730,000 $144,077 $3,704 3.33%
    $50k or less 94 $9,920,000 $105,532 $3,533 3.14%
    $150k-250k 56 $15,060,000 $268,929 $4,059 2.99%
    $250k+ 27 $6,735,000 $249,444 $4,203 2.94%

    Envision Credit Union lent most frequently to those with incomes in the $100k-150k range, with 149 originations. The second most popular income band? $75k-100k, with 132 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 185 $33,425,000 $180,676 $3,802 2.97%
    30-36% 123 $20,765,000 $168,821 $3,764 3.20%
    <20% 61 $9,955,000 $163,197 $3,666 2.97%
    44% 22 $3,600,000 $163,636 $3,893 3.07%
    36% 22 $4,170,000 $189,545 $3,708 3.20%
    37% 20 $3,480,000 $174,000 $3,932 3.31%
    42% 19 $3,325,000 $175,000 $4,084 3.97%
    38% 19 $3,475,000 $182,895 $3,742 3.12%
    40% 17 $3,625,000 $213,235 $4,064 3.24%
    39% 17 $2,835,000 $166,765 $4,261 3.86%
    43% 15 $3,255,000 $217,000 $4,049 3.20%
    45% 15 $2,745,000 $183,000 $3,906 3.10%
    41% 15 $2,195,000 $146,333 $3,531 3.52%
    48% 13 $2,215,000 $170,385 $3,585 3.29%
    46% 9 $1,855,000 $206,111 $4,012 3.12%
    47% 8 $1,160,000 $145,000 $3,588 2.93%
    49% 5 $765,000 $153,000 $3,561 2.58%
    50-60% 2 $360,000 $180,000 $4,032 3.50%
    >60% 1 $245,000 $245,000 $4,190 3.75%

    Envision Credit Union lent most frequently to those with DTI ratios of 20-30%, with 185 originations. The next most common DTI ratio? 30-36%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 462 $83,400,000 $180,519 $3,817 3.07%
    Black 98 $15,160,000 $154,694 $3,760 3.40%
    Asian 16 $3,680,000 $230,000 $3,684 2.88%
    American Indian 5 $965,000 $193,000 $3,846 3.22%
    Not provided 7 $245,000 $35,000 $0 5.21%

    Approval Rates

    Total approvals of all applications
    84.04%

    Envision Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.09%

    Envision Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 588 $103,450,000 $175,935

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $320,000 $80,000
    Single Family (1-4 Units):Site-Built 584 $103,130,000 $176,592

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 56 $5,510,000 $98,393 $3,439 3.46%
    40-60% 86 $13,770,000 $160,116 $3,591 2.86%
    60-80% 240 $47,860,000 $199,417 $3,826 2.98%
    80-100% 178 $35,320,000 $198,427 $3,957 3.09%
    Under 20% 28 $990,000 $35,357 $0 5.16%