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

Jump to:

  • 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 Cash Out Refi, 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 17 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.

    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






    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

    523

    Origination Dollar Volume (All Markets)

    $93,715,000

    Awards

    Envision Credit Union 30 Year Conventional Loans bronze Envision Credit Union 30 Year Conventional Loans silver Envision Credit Union 30 Year Conventional Loans silver
    Show all (3) 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) 401 $73,405,000 $183,055 $3,947 2.98%
    Outside of Metro Areas 43 $5,695,000 $132,442 $3,706 3.30%
    Thomasville, GA (FHA|USDA|VA) 31 $4,945,000 $159,516 $3,627 3.03%
    Bainbridge, GA (FHA|USDA|VA) 15 $3,425,000 $228,333 $3,945 3.09%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $1,430,000 $238,333 $3,981 3.08%
    PANAMA CITY, FL (FHA|USDA|VA) 5 $945,000 $189,000 $3,730 2.47%
    VALDOSTA, GA (FHA|USDA|VA) 4 $760,000 $190,000 $3,688 3.64%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $580,000 $145,000 $3,132 2.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $555,000 $185,000 $3,672 3.14%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $410,000 $205,000 $3,652 2.80%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $410,000 $205,000 $3,499 3.91%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $405,000 $405,000 $4,876 2.50%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,310 3.25%
    Americus, GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,743 2.05%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $160,000 $80,000 $3,222 2.95%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,219 2.13%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $75,000 $75,000 $3,091 3.35%
    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.

    Gulf Winds Credit Union
    Similarity Rank: 240
    FIRST COMMERCE CREDIT UNION
    Similarity Rank: 588
    Envision Credit Union
    Similarity Rank: 646
    CAMPUS USA
    Similarity Rank: 1920
    FIRST FLORIDA Credit Union
    Similarity Rank: 2448
    BAY CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 3975
    Lakeview Community Capital, LLC
    Similarity Rank: 5632
    Hancock Whitney Bank
    Similarity Rank: 6816
    GMFS LLC
    Similarity Rank: 7644
    HAMILTON HOME LOANS, INC.
    Similarity Rank: 7872

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 523 $93,715,000 $179,187 $3,891 3.01%

    For 2021, Envision Credit Union's most frequently originated type of loan was Conventional, with 523 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 208 $39,500,000 $189,904 $3,898 2.88%
    Refi 153 $26,215,000 $171,340 $3,531 2.68%
    Home Purchase 136 $26,890,000 $197,721 $4,285 3.30%
    Other 16 $680,000 $42,500 $0 4.50%
    Home Improvement 10 $430,000 $43,000 $0 4.70%

    For 2021, Envision Credit Union's most frequently cited loan purpose was Cash Out Refi, with 208 originations. The 2nd most popular reason was Refi, with 153 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 273 $54,705,000 $200,385 $4,043 3.01%
    15 Year 131 $21,035,000 $160,573 $3,597 2.47%
    20 Year 67 $13,715,000 $204,701 $4,140 3.69%
    10 Year 43 $3,555,000 $82,674 $3,342 3.40%
    Other 5 $585,000 $117,000 $2,583 3.61%
    5 Year 4 $120,000 $30,000 $655 4.36%

    For 2021, Envision Credit Union's most frequently cited loan duration was 30 Year, with 273 originations. The 2nd most popular length was 15 Year, with 131 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 488 $91,040,000 $186,557
    $<1k 3 $255,000 $85,000
    $2k-3k 2 $240,000 $120,000
    $4k-5k 2 $410,000 $205,000
    $5k+ 2 $660,000 $330,000

    Envision Credit Union's average total fees were $4,043, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 488 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 176 $33,920,000 $192,727
    <2.5% 158 $26,420,000 $167,215
    3-4% 132 $24,840,000 $188,182
    4-5% 51 $8,255,000 $161,863
    5-6% 5 $255,000 $51,000
    6-7% 1 $25,000 $25,000

    During 2021, Envision Credit Union's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 2.5-3%, with 176 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 264 $39,380,000 $149,167 $3,660 2.92%
    $200k-400k 137 $37,255,000 $271,934 $4,460 2.99%
    $100,000 or less 103 $7,045,000 $68,398 $3,257 3.30%
    $400k-600k 16 $7,380,000 $461,250 $5,311 2.76%
    $600k-1MM 2 $1,250,000 $625,000 $6,546 3.58%
    $1MM+ 1 $1,405,000 $1,405,000 $8,601 4.75%

    2021 saw Envision Credit Union place emphasis on $100k-200k loans with 264 originations, totaling $39,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 156 $25,450,000 $163,141 $3,959 3.08%
    $100k-150k 124 $24,470,000 $197,339 $4,028 2.92%
    $50k or less 92 $10,410,000 $113,152 $3,586 3.14%
    $75k-100k 86 $15,850,000 $184,302 $3,714 2.99%
    $150k-250k 49 $11,925,000 $243,367 $4,005 2.86%
    $250k+ 16 $5,610,000 $350,625 $4,513 2.92%

    Envision Credit Union lent most frequently to those with incomes in the $50k-75k range, with 156 originations. The second most popular income band? $100k-150k, with 124 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 136 $24,700,000 $181,618 $3,795 2.83%
    30-36% 119 $21,465,000 $180,378 $4,134 3.11%
    <20% 60 $10,110,000 $168,500 $3,603 2.61%
    40% 29 $5,885,000 $202,931 $4,118 3.29%
    38% 23 $3,525,000 $153,261 $4,339 3.24%
    41% 18 $2,580,000 $143,333 $3,720 3.31%
    36% 18 $3,220,000 $178,889 $3,821 3.18%
    43% 18 $3,830,000 $212,778 $4,002 3.11%
    39% 16 $3,290,000 $205,625 $4,099 3.17%
    42% 15 $2,325,000 $155,000 $4,019 3.31%
    37% 12 $1,970,000 $164,167 $3,692 2.94%
    44% 12 $2,650,000 $220,833 $3,774 2.98%
    >60% 9 $1,475,000 $163,889 $3,539 3.99%
    46% 8 $1,290,000 $161,250 $3,539 3.01%
    49% 8 $1,200,000 $150,000 $3,686 2.91%
    50-60% 8 $1,900,000 $237,500 $3,973 3.46%
    45% 7 $1,105,000 $157,857 $3,528 2.65%
    47% 4 $710,000 $177,500 $3,578 3.09%
    48% 3 $485,000 $161,667 $3,585 2.60%

    Envision Credit Union lent most frequently to those with DTI ratios of 20-30%, with 136 originations. The next most common DTI ratio? 30-36%, with 119 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 393 $72,315,000 $184,008 $3,887 2.91%
    Black 117 $20,005,000 $170,983 $3,914 3.33%
    Asian 4 $650,000 $162,500 $3,952 2.50%
    American Indian 4 $440,000 $110,000 $3,567 2.58%
    Native Hawaiian or Islander 1 $155,000 $155,000 $3,727 2.20%
    Not provided 4 $150,000 $37,500 $0 4.68%

    Approval Rates

    Total approvals of all applications
    90.86%

    Envision Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.75%

    Envision Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 523 $93,715,000 $179,187

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    523 $93,715,000 $179,187

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $3,500,000 $97,222 $3,650 3.25%
    40-60% 120 $19,630,000 $163,583 $3,575 2.62%
    60-80% 207 $39,855,000 $192,536 $3,841 2.92%
    80-100% 149 $30,335,000 $203,591 $4,263 3.35%
    Under 20% 11 $395,000 $35,909 $2,949 3.71%