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 Refi, Cash Out Refi, and 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, Wapakoneta, Cincinnati, Celina, and Toledo among others. We have data for 83 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.30% | 11/22/24 |
| 30 Year Conventional Purchase | 6.60% | 11/22/24 |
| 30 Year Conventional Refi | 6.52% | 11/22/24 |
| 30 Year Cash-out Refi | 6.39% | 11/22/24 |
| 30 Year FHA Purchase | 6.27% | 11/22/24 |
| 30 Year VA Purchase | 6.27% | 11/22/24 |
| 30 Year USDA Purchase | 6.67% | 11/22/24 |
| 15 Year Conventional Purchase | 5.83% | 11/22/24 |
| 15 Year Conventional Refi | 5.85% | 11/22/24 |
| 15 Year Cash-out Refi | 5.85% | 11/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,227Origination Dollar Volume (All Markets)
$565,285,000Awards
Superior Credit Union - 2020
Superior Credit Union is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| LIMA, OH (FHA|USDA|VA) | 1,475 | $163,865,000 | $111,095 | $2,395 | 3.25% |
| Outside of Metro Areas | 630 | $96,560,000 | $153,270 | $2,178 | 2.97% |
| Wapakoneta, OH (FHA|USDA|VA) | 709 | $95,895,000 | $135,254 | $2,348 | 3.06% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 455 | $69,615,000 | $153,000 | $2,639 | 3.06% |
| Celina, OH (FHA|USDA|VA) | 229 | $33,355,000 | $145,655 | $2,101 | 3.01% |
| TOLEDO, OH (FHA|USDA|VA) | 119 | $14,105,000 | $118,529 | $2,782 | 3.09% |
| Van Wert, OH (FHA|USDA|VA) | 114 | $12,370,000 | $108,509 | $2,734 | 3.10% |
| COLUMBUS, OH (FHA|USDA|VA) | 58 | $11,280,000 | $194,483 | $2,986 | 3.12% |
| Findlay, OH (FHA|USDA|VA) | 74 | $11,000,000 | $148,649 | $2,109 | 3.13% |
| Sidney, OH (FHA|USDA|VA) | 64 | $10,890,000 | $170,156 | $2,484 | 3.01% |
| Bellefontaine, OH (FHA|USDA|VA) | 49 | $7,705,000 | $157,245 | $2,788 | 2.98% |
| Tiffin, OH (FHA|USDA|VA) | 87 | $6,905,000 | $79,368 | $1,992 | 2.97% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 28 | $4,090,000 | $146,071 | $3,337 | 3.01% |
| Defiance, OH (FHA|USDA|VA) | 8 | $1,720,000 | $215,000 | $2,690 | 2.69% |
| Coldwater, MI (FHA|USDA|VA) | 8 | $1,700,000 | $212,500 | $3,271 | 2.77% |
| Angola, IN (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $2,240 | 2.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $14,646 | 2.94% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $4,504 | 2.81% |
| Sandusky, OH (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $3,904 | 2.59% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $2,875 | 2.59% |
| Fremont, OH (FHA|USDA|VA) | 9 | $825,000 | $91,667 | $2,657 | 3.06% |
| MONROE, MI (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $3,252 | 2.88% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $2,762 | 2.69% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,417 | 2.69% |
| Greenville, OH (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,452 | 2.46% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $30,809 | 2.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $4,582 | 2.96% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,440 | 2.94% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $2,897 | 3.06% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,274 | 2.94% |
| AKRON, OH (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $3,008 | 2.94% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 3.00% |
| Wilmington, OH (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,188 | 2.69% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $4,042 | 3.17% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,897 | 2.63% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 2.75% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,191 | 4.06% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,511 | 2.88% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,016 | 2.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $1,768 | 2.44% |
| MANSFIELD, OH (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,753 | 3.94% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,431 | 2.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,448 | 2.75% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,407 | 2.75% |
| Sturgis, MI (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,613 | 2.81% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,431 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,709 | 2.94% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $1,777 | 2.69% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,933 | 2.99% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,841 | 3.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,795 | 2.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,000 | 2.25% |
| Marion, OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,454 | 2.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,839 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,770 | 2.38% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,411 | 2.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.25% |
| Auburn, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,707 | 2.50% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,952 | 2.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,431 | 2.88% |
| Frankfort, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,565 | 2.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,379 | 2.38% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,133 | 3.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,132 | 2.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,249 | 3.25% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,056 | 2.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,232 | 2.63% |
| Urbana, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,196 | 2.38% |
| Athens, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,564 | 2.88% |
| NILES, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,932 | 2.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,898 | 2.25% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,995 | 2.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,605 | 2.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,862 | 2.75% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,109 | 2.75% |
| Somerset, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,808 | 3.00% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,329 | 2.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,824 | 2.50% |
| Ashland, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,695 | 2.50% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,924 | 3.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,529 | 2.99% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.25% |
Similar Lenders
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Product Mix
For 2020, Superior Credit Union's most frequently originated type of loan was Conventional, with 2,913 originations. Their 2nd most popular type was HELOC, with 1,273 originations.
Loan Reason
For 2020, Superior Credit Union's most frequently cited loan purpose was Refi, with 1,574 originations. The 2nd most popular reason was Cash Out Refi, with 975 originations.
Loan Duration/Length
For 2020, Superior Credit Union's most frequently cited loan duration was 15 Year, with 1,470 originations. The 2nd most popular length was 30 Year, with 1,406 originations.
Origination Fees/Closing Costs
Superior Credit Union's average total fees were $2,871, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,684 originations.
Interest Rates
During 2020, Superior Credit Union's average interest rate for loans was 2.94%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,869 originations.
Loan Sizing
2020 saw Superior Credit Union place emphasis on $100,000 or less loans with 1,786 originations, totaling $98,210,000 in origination value.
Applicant Income
Superior Credit Union lent most frequently to those with incomes in the $50k-75k range, with 1,049 originations. The second most popular income band? $100k-150k, with 946 originations.
Applicant Debt to Income Ratio
Superior Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,238 originations. The next most common DTI ratio? <20%, with 1,136 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.38%
Superior Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination74.76%
Superior Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,227 | $565,285,000 | $133,732 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 34 | $3,490,000 | $102,647 |
| Single Family (1-4 Units):Site-Built | 4,193 | $561,795,000 | $133,984 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Superior Settlement Services LLC | Other type of mortgage | Trouble during payment process | 1 | 100.0% |