Superior Credit Union Mortgage Rates, Fees & Info

Lima, OH

LEI: 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 and Cash Out Refi 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, Wapakoneta, Cincinnati, Celina, and Van Wert among others. We have data for 42 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) 7.30% 3/24/24
30 Year Conventional Purchase 6.60% 3/24/24
30 Year Conventional Refi 6.52% 3/24/24
30 Year Cash-out Refi 6.39% 3/24/24
30 Year FHA Purchase 6.27% 3/24/24
30 Year VA Purchase 6.27% 3/24/24
30 Year USDA Purchase 6.67% 3/24/24
15 Year Conventional Purchase 5.83% 3/24/24
15 Year Conventional Refi 5.85% 3/24/24
15 Year Cash-out Refi 5.85% 3/24/24
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.

Superior Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Superior 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

1,709

Origination Dollar Volume (All Markets)

$167,985,000

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) 748 $63,360,000 $84,706 $2,453 4.75%
Wapakoneta, OH (FHA|USDA|VA) 310 $32,790,000 $105,774 $1,938 4.63%
Outside of Metro Areas 237 $25,295,000 $106,730 $1,184 4.49%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 94 $11,370,000 $120,957 $0 4.77%
Celina, OH (FHA|USDA|VA) 64 $7,060,000 $110,313 $0 4.44%
Van Wert, OH (FHA|USDA|VA) 48 $3,950,000 $82,292 $0 4.56%
Sidney, OH (FHA|USDA|VA) 28 $3,640,000 $130,000 $0 4.45%
Bellefontaine, OH (FHA|USDA|VA) 29 $3,635,000 $125,345 $1,201 4.19%
COLUMBUS, OH (FHA|USDA|VA) 17 $2,945,000 $173,235 $0 4.37%
TOLEDO, OH (FHA|USDA|VA) 27 $2,455,000 $90,926 $0 4.97%
Findlay, OH (FHA|USDA|VA) 26 $2,410,000 $92,692 $0 4.62%
Tiffin, OH (FHA|USDA|VA) 36 $2,210,000 $61,389 $3,375 4.71%
DAYTON-KETTERING, OH (FHA|USDA|VA) 8 $1,250,000 $156,250 $0 3.94%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $950,000 $475,000 $0 3.38%
Defiance, OH (FHA|USDA|VA) 4 $630,000 $157,500 $0 3.72%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $430,000 $215,000 $0 3.69%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $310,000 $155,000 $0 4.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.13%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.63%
Mount Vernon, OH (FHA|USDA|VA) 2 $210,000 $105,000 $0 4.00%
Coldwater, MI (FHA|USDA|VA) 2 $210,000 $105,000 $0 4.50%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.00%
MORRISTOWN, TN (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.00%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.38%
NEW BERN, NC (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.50%
Sevierville, TN (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.63%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.50%
Athens, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.88%
Marion, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.63%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $115,000 $115,000 $0 2.75%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.75%
Cookeville, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.13%
Hillsdale, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.50%
Bluffton, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.88%
Norwalk, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.50%
Greenville, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.25%
Sandusky, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.75%
Urbana, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.99%
Superior Credit Union's top markets include Lima, Wapakoneta, Cincinnati, Celina, and Van Wert among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • 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.

    JEEP COUNTRY
    Similarity Rank: 52
    MIAMI UNIVERSITY COMMUNITY
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    Greenville Federal
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    CINCINNATI OHIO POLICE
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    New Carlisle Federal Savings Bank
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    Firefighters & Company FCU
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    HOME MORTGAGE ASSURED CORPORATION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 943 $131,075,000 $138,998 $2,132 4.14%
    HELOC 729 $33,565,000 $46,043 n/a 5.28%
    USDA 37 $3,345,000 $90,405 $3,304 4.73%

    For 2018, Superior Credit Union's most frequently originated type of loan was Conventional, with 943 originations. Their 2nd most popular type was HELOC, with 729 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 695 $93,885,000 $135,086 $2,252 4.25%
    Home Improvement 426 $17,380,000 $40,798 $0 5.27%
    Cash Out Refi 338 $35,940,000 $106,331 $1,329 4.19%
    Refi 241 $20,435,000 $84,793 $6,007 5.26%
    NA 6 $220,000 $36,667 $0 4.96%
    Other 3 $125,000 $41,667 $0 5.33%

    For 2018, Superior Credit Union's most frequently cited loan purpose was Home Purchase, with 695 originations. The 2nd most popular reason was Home Improvement, with 426 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 639 $95,105,000 $148,834 $2,283 4.24%
    Other 418 $18,210,000 $43,565 $0 5.49%
    20 Year 342 $22,700,000 $66,374 $0 4.80%
    15 Year 246 $27,400,000 $111,382 $2,051 4.05%
    10 Year 51 $3,215,000 $63,039 $0 4.50%
    5 Year 8 $450,000 $56,250 $0 4.06%
    1 Year 4 $830,000 $207,500 $0 5.19%
    3 Year 1 $75,000 $75,000 $0 5.00%

    For 2018, Superior Credit Union's most frequently cited loan duration was 30 Year, with 639 originations. The 2nd most popular length was Other, with 418 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 649 $77,395,000 $119,253
    $1k-2k 235 $42,955,000 $182,787
    $2k-3k 57 $7,485,000 $131,316
    $3k-4k 23 $3,465,000 $150,652
    $4k-5k 8 $1,420,000 $177,500
    $5k+ 6 $1,340,000 $223,333

    Superior Credit Union's average total fees were $2,283, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 649 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 885 $86,645,000 $97,904
    3-4% 382 $41,580,000 $108,848
    5-6% 187 $9,125,000 $48,797
    2.5-3% 81 $15,805,000 $195,123
    6-7% 64 $2,320,000 $36,250
    <2.5% 39 $10,135,000 $259,872
    7-8% 39 $1,385,000 $35,513
    Over 8% 32 $990,000 $30,938

    During 2018, Superior Credit Union's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 4-5%, with 885 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,078 $51,080,000 $47,384 $2,287 4.97%
    $100k-200k 430 $59,360,000 $138,047 $2,302 4.21%
    $200k-400k 182 $47,870,000 $263,022 $1,484 3.84%
    $400k-600k 15 $7,055,000 $470,333 $2,286 3.40%
    $600k-1MM 4 $2,620,000 $655,000 $0 3.75%

    2018 saw Superior Credit Union place emphasis on $100,000 or less loans with 1,078 originations, totaling $51,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 514 $33,630,000 $65,428 $1,968 4.97%
    $50k-75k 470 $39,710,000 $84,489 $2,409 4.59%
    $75k-100k 313 $32,275,000 $103,115 $1,937 4.53%
    $100k-150k 244 $33,030,000 $135,369 $1,451 4.43%
    $150k-250k 112 $20,060,000 $179,107 $4,146 4.10%
    $250k+ 21 $5,615,000 $267,381 $0 4.12%

    Superior Credit Union lent most frequently to those with incomes in the $50k or less range, with 514 originations. The second most popular income band? $50k-75k, with 470 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 493 $50,515,000 $102,465 $2,103 4.49%
    30-36% 308 $29,420,000 $95,519 $3,166 4.68%
    <20% 260 $26,850,000 $103,269 $1,897 4.50%
    38% 64 $6,540,000 $102,188 $1,637 4.82%
    50-60% 59 $3,545,000 $60,085 $0 5.25%
    43% 52 $4,810,000 $92,500 $0 4.60%
    37% 46 $4,480,000 $97,391 $0 4.71%
    39% 46 $5,190,000 $112,826 $0 4.53%
    36% 46 $5,510,000 $119,783 $0 4.48%
    40% 44 $3,960,000 $90,000 $0 4.69%
    42% 43 $3,375,000 $78,488 $0 4.68%
    44% 41 $4,045,000 $98,659 $0 4.72%
    41% 37 $3,065,000 $82,838 $1,371 4.73%
    >60% 29 $2,545,000 $87,759 $0 5.52%
    48% 26 $3,130,000 $120,385 $0 4.61%
    45% 24 $3,050,000 $127,083 $1,746 4.35%
    46% 23 $1,345,000 $58,478 $0 4.85%
    47% 19 $1,645,000 $86,579 $0 5.06%
    49% 18 $1,680,000 $93,333 $0 5.39%

    Superior Credit Union lent most frequently to those with DTI ratios of 20-30%, with 493 originations. The next most common DTI ratio? 30-36%, with 308 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,626 $159,830,000 $98,296 $2,201 4.62%
    Not applicable 33 $3,365,000 $101,970 $0 4.97%
    Black 29 $2,065,000 $71,207 $0 5.51%
    Not provided 11 $1,455,000 $132,273 $0 4.48%
    Asian 7 $745,000 $106,429 $0 4.43%
    American Indian 3 $525,000 $175,000 $0 4.13%

    Approval Rates

    Total approvals of all applications
    91.08%

    Superior Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.54%

    Superior Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,709 $167,985,000 $98,294

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $605,000 $86,429
    Single Family (1-4 Units):Site-Built 1,702 $167,380,000 $98,343

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 306 $14,610,000 $47,745 $0 5.13%
    40-60% 219 $21,485,000 $98,105 $1,428 4.69%
    60-80% 379 $51,035,000 $134,657 $2,309 4.17%
    80-100% 508 $72,180,000 $142,087 $2,302 4.32%
    Over 100% 6 $1,100,000 $183,333 $0 4.06%
    Under 20% 291 $7,575,000 $26,031 $0 5.26%