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. Conservation Emp. Credit Union has a low ratio of conventional loans. Their top markets by origination volume include: Jefferson City, Kansas City, Columbia, Springfield, and Maryville among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Conservation Emp. Credit Union has an average approval rate when compared to the average across all lenders. They have an 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 about average rates.
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Originations
46Origination Dollar Volume (All Markets)
$4,790,000Top 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 | 15 | $1,475,000 | $98,333 | $1,100 | 4.27% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 14 | $1,430,000 | $102,143 | $844 | 3.88% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $1,190 | 4.42% |
| COLUMBIA, MO (FHA|USDA|VA) | 4 | $580,000 | $145,000 | $799 | 3.75% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $789 | 3.75% |
| Maryville, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,194 | 3.75% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $986 | 4.50% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $558 | 4.75% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $728 | 3.75% |
| Lebanon, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.50% |
| Moberly, MO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $769 | 3.75% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,096 | 4.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $4,775,000 | $106,111 | $967 | 4.08% |
| Conventional | 1 | $15,000 | $15,000 | $0 | 0.00% |
For 2018, Conservation Emp. Credit Union's most frequently originated type of loan was Conventional, with 45 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2018, Conservation Emp. Credit Union's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
For 2018, Conservation Emp. Credit Union's most frequently cited loan duration was 10 Year, with 33 originations. The 2nd most popular length was 30 Year, with 9 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 37 | $4,155,000 | $112,297 |
Conservation Emp. Credit Union's average total fees were $1,184, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 37 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 29 | $2,945,000 | $101,552 |
| 4-5% | 16 | $1,830,000 | $114,375 |
During 2018, Conservation Emp. Credit Union's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 3-4%, with 29 originations.
Loan Sizing
2018 saw Conservation Emp. Credit Union place emphasis on $100,000 or less loans with 27 originations, totaling $1,665,000 in origination value.
Applicant Income
Conservation Emp. Credit Union lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
Conservation Emp. Credit Union lent most frequently to those with DTI ratios of 30-36%, with 11 originations. The next most common DTI ratio? 20-30%, with 10 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 41 | $4,105,000 | $100,122 | $947 | 4.08% |
| Not provided | 5 | $685,000 | $137,000 | $1,098 | 4.05% |
Approval Rates
Total approvals of all applications89.29%
Conservation Emp. Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination91.30%
Conservation Emp. Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 1 | $15,000 | $15,000 |
| NA | 45 | $4,775,000 | $106,111 |