Superior Credit Union Mortgage Rates, Fees & Info

Lima, OH

LEI: 254900ARL5FDX2OOH702

Tax ID: 34-4455780

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

Jump to:

Mortgage Data

Review & Overview

Superior Credit Union is a smaller credit union specializing in Home Purchase, Refi, 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 71 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.

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) 7.30% 3/28/24
30 Year Conventional Purchase 6.60% 3/28/24
30 Year Conventional Refi 6.52% 3/28/24
30 Year Cash-out Refi 6.39% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
30 Year VA Purchase 6.27% 3/28/24
30 Year USDA Purchase 6.67% 3/28/24
15 Year Conventional Purchase 5.83% 3/28/24
15 Year Conventional Refi 5.85% 3/28/24
15 Year Cash-out Refi 5.85% 3/28/24
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

2,970

Origination Dollar Volume (All Markets)

$389,040,000
Show all (17) 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
LIMA, OH (FHA|USDA|VA) 1,083 $120,925,000 $111,657 $2,530 3.19%
Wapakoneta, OH (FHA|USDA|VA) 459 $60,255,000 $131,275 $2,628 3.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 373 $56,525,000 $151,542 $2,805 2.95%
Outside of Metro Areas 402 $55,190,000 $137,289 $2,432 2.95%
Celina, OH (FHA|USDA|VA) 121 $15,455,000 $127,727 $3,317 3.07%
Van Wert, OH (FHA|USDA|VA) 103 $11,105,000 $107,816 $2,570 2.78%
TOLEDO, OH (FHA|USDA|VA) 78 $10,310,000 $132,179 $3,326 3.33%
COLUMBUS, OH (FHA|USDA|VA) 33 $7,445,000 $225,606 $3,475 3.00%
Findlay, OH (FHA|USDA|VA) 53 $7,445,000 $140,472 $2,942 2.97%
Sidney, OH (FHA|USDA|VA) 40 $6,860,000 $171,500 $2,730 2.90%
Bellefontaine, OH (FHA|USDA|VA) 38 $5,740,000 $151,053 $2,705 2.85%
Tiffin, OH (FHA|USDA|VA) 58 $5,280,000 $91,034 $2,450 3.18%
DAYTON-KETTERING, OH (FHA|USDA|VA) 16 $2,330,000 $145,625 $2,926 2.84%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $2,270,000 $567,500 $22,279 3.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,715,000 $343,000 $4,023 2.80%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,695,000 $565,000 $6,362 2.91%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 7 $1,045,000 $149,286 $6,346 2.84%
Astoria, OR (FHA|USDA|VA) 1 $1,035,000 $1,035,000 $7,572 3.00%
Coldwater, MI (FHA|USDA|VA) 3 $945,000 $315,000 $2,485 2.92%
Sevierville, TN (FHA|USDA|VA) 3 $745,000 $248,333 $3,852 3.46%
Greenville, OH (FHA|USDA|VA) 4 $720,000 $180,000 $3,145 2.63%
Defiance, OH (FHA|USDA|VA) 4 $660,000 $165,000 $2,318 2.69%
AKRON, OH (FHA|USDA|VA) 5 $645,000 $129,000 $3,702 2.88%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $615,000 $205,000 $4,122 3.21%
Angola, IN (FHA|USDA|VA) 2 $610,000 $305,000 $2,153 2.56%
MONROE, MI (FHA|USDA|VA) 4 $580,000 $145,000 $2,087 2.94%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $550,000 $275,000 $8,669 2.81%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $535,000 $178,333 $3,463 2.67%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $490,000 $245,000 $2,530 3.88%
FORT WAYNE, IN (FHA|USDA|VA) 4 $480,000 $120,000 $1,945 2.56%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $450,000 $225,000 $3,925 2.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $385,000 $385,000 $4,801 2.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $375,000 $375,000 $5,201 2.88%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $365,000 $365,000 $0 3.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $355,000 $355,000 $2,860 3.25%
KNOXVILLE, TN (FHA|USDA|VA) 1 $345,000 $345,000 $4,048 3.00%
Wilmington, OH (FHA|USDA|VA) 3 $335,000 $111,667 $2,102 3.13%
MANSFIELD, OH (FHA|USDA|VA) 2 $320,000 $160,000 $2,525 3.63%
ANN ARBOR, MI (FHA|USDA|VA) 1 $305,000 $305,000 $4,338 3.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $300,000 $150,000 $2,384 2.25%
MOBILE, AL (FHA|USDA|VA) 2 $300,000 $150,000 $2,676 2.31%
Fremont, OH (FHA|USDA|VA) 4 $300,000 $75,000 $3,013 2.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $2,784 2.00%
MORRISTOWN, TN (FHA|USDA|VA) 1 $285,000 $285,000 $2,872 3.00%
Coshocton, OH (FHA|USDA|VA) 1 $285,000 $285,000 $2,977 3.13%
Portsmouth, OH (FHA|USDA|VA) 3 $275,000 $91,667 $4,136 2.88%
Marion, OH (FHA|USDA|VA) 2 $260,000 $130,000 $4,444 3.19%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $235,000 $235,000 $4,548 2.88%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,011 2.88%
BATON ROUGE, LA (FHA|USDA|VA) 1 $215,000 $215,000 $6,338 3.00%
Zanesville, OH (FHA|USDA|VA) 1 $215,000 $215,000 $2,571 2.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,023 3.00%
OCALA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $4,184 3.00%
Sandusky, OH (FHA|USDA|VA) 1 $185,000 $185,000 $2,093 3.00%
Jasper, IN (FHA|USDA|VA) 1 $165,000 $165,000 $7,161 2.75%
Somerset, KY (FHA|USDA|VA) 1 $155,000 $155,000 $3,010 2.38%
Ashland, OH (FHA|USDA|VA) 1 $155,000 $155,000 $2,397 2.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,233 2.75%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,155 2.50%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $140,000 $70,000 $2,162 3.13%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,316 2.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,875 2.25%
THE VILLAGES, FL (FHA|USDA|VA) 1 $105,000 $105,000 $1,834 2.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $95,000 $95,000 $5,944 3.13%
Decatur, IN (FHA|USDA|VA) 1 $95,000 $95,000 $2,505 2.50%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.38%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.88%
Norwalk, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.13%
Superior Credit Union's top markets include Lima, Wapakoneta, Cincinnati, Celina, and Van Wert among others.

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

    Bay Area Credit Union, Inc.
    Similarity Rank: 12
    CINFED Federal Credit Union
    Similarity Rank: 288
    The Henry County Bank
    Similarity Rank: 333
    First Bank of Berne
    Similarity Rank: 340
    SUPERIOR FINANCIAL SOLUTIONS, LLC
    Similarity Rank: 352
    Greenville Federal
    Similarity Rank: 396
    Day Air Credit Union, Inc
    Similarity Rank: 432
    Sharefax Credit Union
    Similarity Rank: 505

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,886 $307,130,000 $162,847 $2,734 2.80%
    HELOC 1,054 $78,410,000 $74,393 n/a 3.51%
    USDA 30 $3,500,000 $116,667 $3,407 3.19%

    For 2021, Superior Credit Union's most frequently originated type of loan was Conventional, with 1,886 originations. Their 2nd most popular type was HELOC, with 1,054 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 814 $134,480,000 $165,209 $3,097 2.99%
    Refi 766 $111,920,000 $146,110 $2,133 2.75%
    Cash Out Refi 636 $96,010,000 $150,959 $2,948 2.72%
    Other 418 $31,380,000 $75,072 $1,332 3.64%
    Home Improvement 336 $15,250,000 $45,387 $0 3.84%

    For 2021, Superior Credit Union's most frequently cited loan purpose was Home Purchase, with 814 originations. The 2nd most popular reason was Refi, with 766 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,070 $192,150,000 $179,579 $3,187 2.95%
    Other 741 $58,125,000 $78,441 $2,296 3.53%
    15 Year 584 $79,970,000 $136,935 $2,094 2.61%
    20 Year 469 $48,105,000 $102,569 $2,426 3.14%
    10 Year 92 $9,650,000 $104,891 $1,906 2.69%
    5 Year 10 $430,000 $43,000 $1,135 3.76%
    1 Year 4 $610,000 $152,500 $2,399 4.50%

    For 2021, Superior Credit Union's most frequently cited loan duration was 30 Year, with 1,070 originations. The 2nd most popular length was Other, with 741 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,069 $162,245,000 $151,773
    $1k-2k 455 $80,715,000 $177,396
    $2k-3k 165 $25,715,000 $155,848
    $3k-4k 77 $12,975,000 $168,506
    $5k+ 57 $13,975,000 $245,175
    $4k-5k 45 $9,415,000 $209,222

    Superior Credit Union's average total fees were $3,187, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,069 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,070 $160,170,000 $149,692
    <2.5% 915 $135,555,000 $148,148
    3-4% 637 $73,985,000 $116,146
    4-5% 263 $15,025,000 $57,129
    5-6% 53 $2,775,000 $52,358
    Over 8% 14 $600,000 $42,857
    7-8% 11 $565,000 $51,364
    6-7% 7 $365,000 $52,143

    During 2021, Superior Credit Union's average interest rate for loans was 2.95%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,070 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,308 $70,290,000 $53,739 $2,098 3.40%
    $100k-200k 1,109 $157,325,000 $141,862 $2,759 2.80%
    $200k-400k 501 $131,925,000 $263,323 $3,177 2.74%
    $400k-600k 40 $19,190,000 $479,750 $4,817 2.68%
    $600k-1MM 9 $6,485,000 $720,556 $6,286 2.97%
    $1MM+ 3 $3,825,000 $1,275,000 $6,576 2.83%

    2021 saw Superior Credit Union place emphasis on $100,000 or less loans with 1,308 originations, totaling $70,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 827 $74,125,000 $89,631 $2,483 3.17%
    $50k-75k 727 $84,365,000 $116,045 $2,729 2.98%
    $100k-150k 572 $89,620,000 $156,678 $2,813 2.98%
    $75k-100k 519 $70,615,000 $136,060 $2,845 3.06%
    $150k-250k 247 $48,605,000 $196,781 $3,088 2.96%
    $250k+ 55 $19,595,000 $356,273 $3,416 2.87%

    Superior Credit Union lent most frequently to those with incomes in the $50k or less range, with 827 originations. The second most popular income band? $50k-75k, with 727 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 842 $113,490,000 $134,786 $2,574 3.05%
    <20% 805 $90,665,000 $112,627 $2,109 2.92%
    30-36% 434 $56,840,000 $130,968 $2,813 3.06%
    36% 79 $11,165,000 $141,329 $3,174 3.13%
    41% 77 $10,115,000 $131,364 $2,991 2.97%
    38% 76 $10,580,000 $139,211 $2,914 2.99%
    37% 72 $11,000,000 $152,778 $4,082 3.04%
    44% 70 $10,020,000 $143,143 $2,985 2.95%
    40% 68 $9,860,000 $145,000 $3,139 3.16%
    42% 59 $8,635,000 $146,356 $3,397 3.21%
    43% 54 $8,490,000 $157,222 $3,251 3.09%
    39% 52 $8,940,000 $171,923 $2,876 2.87%
    45% 51 $7,305,000 $143,235 $3,225 3.02%
    46% 45 $6,445,000 $143,222 $2,863 3.26%
    48% 41 $6,295,000 $153,537 $2,766 3.05%
    47% 40 $5,550,000 $138,750 $3,358 3.25%
    50-60% 32 $1,940,000 $60,625 $2,412 4.31%
    49% 26 $4,490,000 $172,692 $3,901 3.48%
    >60% 18 $3,100,000 $172,222 $3,590 3.81%

    Superior Credit Union lent most frequently to those with DTI ratios of 20-30%, with 842 originations. The next most common DTI ratio? <20%, with 805 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,601 $337,335,000 $129,694 $2,744 3.05%
    Not provided 237 $36,885,000 $155,633 $2,671 2.87%
    Black 89 $9,645,000 $108,371 $3,023 3.31%
    Asian 18 $2,920,000 $162,222 $2,960 3.18%
    Not applicable 23 $2,115,000 $91,957 $0 4.50%
    American Indian 2 $140,000 $70,000 $1,403 2.75%

    Approval Rates

    Total approvals of all applications
    93.71%

    Superior Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.96%

    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 2,970 $389,040,000 $130,990

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,970 $389,040,000 $130,990

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 345 $23,455,000 $67,986 $1,996 3.51%
    40-60% 527 $64,045,000 $121,528 $2,105 2.77%
    60-80% 1,018 $171,600,000 $168,566 $2,758 2.81%
    80-100% 715 $118,015,000 $165,056 $3,167 2.95%
    Under 20% 365 $11,925,000 $32,671 $3,565 3.91%