Leaders Credit Union Mortgage Rates, Fees & Info
Jackson, TNLEI: 254900FJRICL380R4T46
Tax ID: 62-0681671
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Leaders Credit Union is a smaller credit union specializing in Home Purchase loans. Leaders Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Leaders Credit Union has a low ratio of conventional loans. Their top markets by origination volume include: Jackson, Myrtle Beach, Memphis, Nashville, and Union City among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)Leaders Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Leaders 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% | 11/17/24 |
| 30 Year Conventional Purchase | 5.97% | 11/17/24 |
| 30 Year Conventional Refi | 6.82% | 11/17/24 |
| 30 Year Cash-out Refi | 7.01% | 11/17/24 |
| 30 Year FHA Purchase | 7.53% | 11/17/24 |
| 30 Year FHA Refi | 7.32% | 11/17/24 |
| 30 Year VA Purchase | 6.45% | 11/17/24 |
| 30 Year USDA Purchase | 6.95% | 11/17/24 |
| 30 Year USDA Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 6.71% | 11/17/24 |
| 15 Year Conventional Refi | 6.76% | 11/17/24 |
| 15 Year Cash-out Refi | 6.76% | 11/17/24 |
| 15 Year FHA Purchase | 5.68% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| 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. | ||
Leaders Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Leaders 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
436Origination Dollar Volume (All Markets)
$60,790,000Awards
Leaders Credit Union - 2018
Leaders Credit Union is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for Leaders Credit Union?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| JACKSON, TN (FHA|USDA|VA) | 250 | $32,680,000 | $130,720 | $2,881 | 4.97% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 19 | $4,155,000 | $218,684 | $4,177 | 4.53% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 22 | $3,840,000 | $174,545 | $2,129 | 5.31% |
| Outside of Metro Areas | 32 | $3,190,000 | $99,688 | $2,458 | 5.03% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 8 | $1,810,000 | $226,250 | $2,588 | 4.73% |
| Union City, TN (FHA|USDA|VA) | 11 | $1,055,000 | $95,909 | $1,374 | 4.89% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $2,363 | 4.90% |
| Martin, TN (FHA|USDA|VA) | 7 | $725,000 | $103,571 | $2,394 | 4.93% |
| Brownsville, TN (FHA|USDA|VA) | 7 | $625,000 | $89,286 | $11,114 | 4.91% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,749 | 4.83% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $5,161 | 4.69% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $6,301 | 4.38% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,074 | 4.63% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,727 | 5.50% |
| Hilo, HI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $12,365 | 4.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,654 | 4.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,153 | 5.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,668 | 5.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,318 | 4.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,977 | 5.31% |
| Dyersburg, TN (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $1,313 | 5.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,461 | 4.63% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $973 | 4.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,673 | 4.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,769 | 5.25% |
| Hailey, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,972 | 4.88% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,201 | 4.88% |
| Concord, NH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,533 | 5.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,861 | 4.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,538 | 3.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,032 | 4.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,602 | 4.38% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,806 | 4.88% |
| Paris, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,816 | 4.63% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,498 | 4.50% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,830 | 4.88% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,853 | 3.88% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,942 | 4.50% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,873 | 4.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,718 | 4.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,040 | 5.00% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,213 | 4.88% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,455 | 5.38% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,680 | 4.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,962 | 5.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,556 | 5.25% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,007 | 5.13% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,980 | 4.75% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,952 | 4.50% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,717 | 4.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,910 | 4.50% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,829 | 4.63% |
| Meridian, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,226 | 4.88% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,893 | 4.38% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,598 | 4.13% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,590 | 4.88% |
| Kennett, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,427 | 4.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,035 | 4.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,607 | 4.88% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,693 | 4.88% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,644 | 4.88% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,741 | 4.75% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,319 | 4.88% |
| Marion, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,103 | 4.88% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,832 | 5.00% |
| Paragould, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,444 | 5.00% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,571 | 4.13% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,184 | 5.13% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,479 | 4.13% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,078 | 4.38% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.50% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,235 | 4.75% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $468 | 6.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Leaders Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 138
Similarity Rank: 336
Similarity Rank: 412
Similarity Rank: 555
Similarity Rank: 742
Similarity Rank: 750
Similarity Rank: 882
Similarity Rank: 1228
Similarity Rank: 1728
Similarity Rank: 1824
Product Mix
For 2018, Leaders Credit Union's most frequently originated type of loan was Conventional, with 251 originations. Their 2nd most popular type was FHA, with 123 originations.
Loan Reason
For 2018, Leaders Credit Union's most frequently cited loan purpose was Home Purchase, with 345 originations. The 2nd most popular reason was Cash Out Refi, with 76 originations.
Loan Duration/Length
For 2018, Leaders Credit Union's most frequently cited loan duration was 30 Year, with 311 originations. The 2nd most popular length was 15 Year, with 41 originations.
Origination Fees/Closing Costs
Leaders Credit Union's average total fees were $3,647, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 272 originations.
Interest Rates
During 2018, Leaders Credit Union's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 302 originations.
Loan Sizing
2018 saw Leaders Credit Union place emphasis on $100k-200k loans with 182 originations, totaling $26,350,000 in origination value.
Applicant Income
Leaders Credit Union lent most frequently to those with incomes in the $50k or less range, with 152 originations. The second most popular income band? $50k-75k, with 127 originations.
Applicant Debt to Income Ratio
Leaders Credit Union lent most frequently to those with DTI ratios of 20-30%, with 89 originations. The next most common DTI ratio? 30-36%, with 77 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.91%
Leaders Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination70.18%
Leaders Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 2 | $150,000 | $75,000 |
| NA | 434 | $60,640,000 | $139,724 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 13 | $1,165,000 | $89,615 |
| Single Family (1-4 Units):Site-Built | 423 | $59,625,000 | $140,957 |