Conservation Emp. Credit Union Mortgage Rates, Fees & Info
JEFFERSON CITY, MOLEI: 254900L4QQHFA6KR4D05
Tax ID: 44-0595869
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Mortgage Data
Review & Overview
Conservation Emp. Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Conservation Emp. Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Columbia, Jefferson City, Kansas City, and Cape Girardeau among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Conservation Emp. 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. Conservation Emp. 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 relatively high rates.
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Originations
25Origination Dollar Volume (All Markets)
$4,105,000Relative Rate
Conservation Emp. Credit Union's average 30 year fixed mortgage rate was
6.75%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.27%.
Relative Fees (Closing Costs)
Conservation Emp. Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $1,320.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 13 | $1,835,000 | $141,154 | $1,333 | 6.19% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,097 | 5.88% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $1,254 | 5.75% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $1,869 | 7.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $1,275 | 5.88% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 5.92% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,766 | 6.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 25 | $4,105,000 | $164,200 | $1,456 | 6.17% |
For 2023, Conservation Emp. Credit Union's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 16 | $2,800,000 | $175,000 | $1,476 | 6.28% |
| Refi | 9 | $1,305,000 | $145,000 | $1,388 | 5.97% |
For 2023, Conservation Emp. Credit Union's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
For 2023, Conservation Emp. Credit Union's most frequently cited loan duration was 10 Year, with 10 originations. The 2nd most popular length was 15 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 18 | $3,490,000 | $193,889 |
Conservation Emp. Credit Union's average total fees were $1,320, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 18 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 13 | $2,475,000 | $190,385 |
| 6-7% | 5 | $995,000 | $199,000 |
| 4-5% | 3 | $215,000 | $71,667 |
| 7-8% | 2 | $200,000 | $100,000 |
| Over 8% | 2 | $220,000 | $110,000 |
During 2023, Conservation Emp. Credit Union's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 5-6%, with 13 originations.
Loan Sizing
2023 saw Conservation Emp. Credit Union place emphasis on $200k-400k loans with 9 originations, totaling $2,465,000 in origination value.
Applicant Income
Conservation Emp. Credit Union lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $50k or less, with 5 originations.
Applicant Debt to Income Ratio
Conservation Emp. Credit Union lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 25 | $4,105,000 | $164,200 | $1,456 | 6.17% |
Approval Rates
Total approvals of all applications96.88%
Conservation Emp. Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.00%
Conservation Emp. Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 2 | $70,000 | $35,000 |
| NA | 23 | $4,035,000 | $175,435 |