Superior Credit Union Mortgage Rates, Fees & Info
Lima, OHLEI: 254900ARL5FDX2OOH702
Tax ID: 34-4455780
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Mortgage Data
Review & Overview
Superior Credit Union is a smaller credit union specializing in Home Purchase loans. Superior Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Lima, Cincinnati, Wapakoneta, Toledo, and Celina among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)Superior 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. Superior 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Conventional Purchase | 6.96% | 4/5/25 |
| 30 Year Conventional Refi | 6.92% | 4/5/25 |
| 30 Year Cash-out Refi | 6.74% | 4/5/25 |
| 30 Year FHA Purchase | 6.72% | 4/5/25 |
| 30 Year VA Purchase | 6.72% | 4/5/25 |
| 30 Year USDA Purchase | 7.16% | 4/5/25 |
| 15 Year Conventional Purchase | 6.38% | 4/5/25 |
| 15 Year Conventional Refi | 8.02% | 4/5/25 |
| 15 Year Cash-out Refi | 8.02% | 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. | ||
Superior Credit Union Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,731Origination Dollar Volume (All Markets)
$264,115,000Awards
Superior Credit Union - 2024
Superior 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
Superior Credit Union's average 30 year fixed mortgage rate was
6.68%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.13%.
Relative Fees (Closing Costs)
Superior Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,735.
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 |
|---|---|---|---|---|---|
| LIMA, OH (FHA|USDA|VA) | 590 | $71,420,000 | $121,051 | $1,092 | 7.64% |
| Outside of Metro Areas | 246 | $39,310,000 | $159,797 | $1,700 | 7.35% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 207 | $37,175,000 | $179,589 | $1,643 | 7.58% |
| Wapakoneta, OH (FHA|USDA|VA) | 267 | $36,905,000 | $138,221 | $1,103 | 7.65% |
| TOLEDO, OH (FHA|USDA|VA) | 54 | $13,860,000 | $256,667 | $1,323 | 7.77% |
| Celina, OH (FHA|USDA|VA) | 82 | $10,410,000 | $126,951 | $1,552 | 7.43% |
| COLUMBUS, OH (FHA|USDA|VA) | 16 | $10,140,000 | $633,750 | $2,598 | 7.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 24 | $7,490,000 | $312,083 | $1,472 | 8.00% |
| Tiffin, OH (FHA|USDA|VA) | 38 | $6,720,000 | $176,842 | $855 | 7.78% |
| Van Wert, OH (FHA|USDA|VA) | 55 | $5,775,000 | $105,000 | $1,618 | 7.33% |
| Sidney, OH (FHA|USDA|VA) | 30 | $4,100,000 | $136,667 | $1,878 | 7.01% |
| Bellefontaine, OH (FHA|USDA|VA) | 23 | $3,345,000 | $145,435 | $481 | 7.75% |
| Findlay, OH (FHA|USDA|VA) | 22 | $2,940,000 | $133,636 | $1,519 | 7.58% |
| Defiance, OH (FHA|USDA|VA) | 16 | $2,390,000 | $149,375 | $1,640 | 7.63% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $1,659 | 7.19% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 7.50% |
| Greenville, OH (FHA|USDA|VA) | 6 | $800,000 | $133,333 | $1,381 | 7.81% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $5,878 | 6.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 6 | $790,000 | $131,667 | $4,228 | 7.23% |
| Adrian, MI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,772 | 5.75% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,350 | 6.50% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,578 | 7.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,460 | 6.50% |
| FORT WAYNE, IN (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $2,321 | 6.67% |
| Marion, OH (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,160 | 6.75% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,303 | 6.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,159 | 6.25% |
| Jackson, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,696 | 6.50% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,184 | 5.75% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,367 | 6.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,537 | 6.13% |
| Angola, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,156 | 5.75% |
| MONROE, MI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,666 | 6.56% |
| OCALA, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,542 | 6.50% |
| Zanesville, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 7.69% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,927 | 6.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,055 | 6.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,514 | 6.75% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,193 | 5.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $1,614 | 7.02% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.25% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,500 | 7.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,334 | 6.38% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,790 | 7.75% |
| AKRON, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| Fremont, OH (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 10.09% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.59% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.99% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.00% |
| Ashland, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,030 | 6.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.25% |
| Decatur, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.59% |
Similar Lenders
We use machine learning to identify the top lenders compared against Superior 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 | 1,727 | $263,505,000 | $152,580 | $1,369 | 7.56% |
| USDA | 4 | $610,000 | $152,500 | $4,112 | 6.44% |
For 2024, Superior Credit Union's most frequently originated type of loan was Conventional, with 1,727 originations. Their 2nd most popular type was USDA, with 4 originations.
Loan Reason
For 2024, Superior Credit Union's most frequently cited loan purpose was Home Purchase, with 660 originations. The 2nd most popular reason was Other, with 466 originations.
Loan Duration/Length
For 2024, Superior Credit Union's most frequently cited loan duration was 15 Year, with 531 originations. The 2nd most popular length was 30 Year, with 531 originations.
Origination Fees/Closing Costs
Superior Credit Union's average total fees were $3,735, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,325 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 700 | $114,920,000 | $164,171 |
| 7-8% | 547 | $104,995,000 | $191,947 |
| Over 8% | 390 | $23,910,000 | $61,308 |
| 5-6% | 94 | $20,290,000 | $215,851 |
During 2024, Superior Credit Union's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 6-7%, with 700 originations.
Loan Sizing
2024 saw Superior Credit Union place emphasis on $100,000 or less loans with 948 originations, totaling $45,020,000 in origination value.
Applicant Income
Superior Credit Union lent most frequently to those with incomes in the $100k-150k range, with 422 originations. The second most popular income band? $50k-75k, with 390 originations.
Applicant Debt to Income Ratio
Superior Credit Union lent most frequently to those with DTI ratios of 20-30%, with 519 originations. The next most common DTI ratio? <20%, with 312 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.76%
Superior Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination43.73%
Superior 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 |
|---|---|---|---|
| NA | 1,731 | $264,115,000 | $152,579 |