Leaders Credit Union Mortgage Rates, Fees & Info
Jackson, TNLEI: 254900FJRICL380R4T46
Tax ID: 62-0681671
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 5.97% | 4/21/24 |
| 30 Year Conventional Refi | 6.82% | 4/21/24 |
| 30 Year Cash-out Refi | 7.01% | 4/21/24 |
| 30 Year FHA Purchase | 7.53% | 4/21/24 |
| 30 Year FHA Refi | 7.32% | 4/21/24 |
| 30 Year VA Purchase | 6.45% | 4/21/24 |
| 30 Year USDA Purchase | 6.95% | 4/21/24 |
| 30 Year USDA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.71% | 4/21/24 |
| 15 Year Conventional Refi | 6.76% | 4/21/24 |
| 15 Year Cash-out Refi | 6.76% | 4/21/24 |
| 15 Year FHA Purchase | 5.68% | 4/21/24 |
| 15 Year FHA Refi | 5.68% | 4/21/24 |
| 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
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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.
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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 |
|---|---|---|---|---|---|
| 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% |
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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 |