Conservation Emp. Credit Union Mortgage Rates, Fees & Info

JEFFERSON CITY, MO

LEI: 254900L4QQHFA6KR4D05

Tax ID: 44-0595869

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: Jefferson City, Columbia, Hannibal, and Kirksville among others. We have data for 5 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 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

    20

    Origination Dollar Volume (All Markets)

    $1,800,000

    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
    JEFFERSON CITY, MO (FHA|USDA|VA) 11 $1,125,000 $102,273 $1,122 4.59%
    Outside of Metro Areas 6 $560,000 $93,333 $1,388 4.71%
    COLUMBIA, MO (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.50%
    Hannibal, MO (FHA|USDA|VA) 1 $25,000 $25,000 $809 5.50%
    Kirksville, MO (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.25%
    Conservation Emp. Credit Union's top markets include Jefferson City, Columbia, Hannibal, and Kirksville among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 20 $1,800,000 $90,000 $1,182 4.65%

    For 2019, Conservation Emp. Credit Union's most frequently originated type of loan was Conventional, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14 $1,320,000 $94,286 $1,289 4.80%
    Refi 6 $480,000 $80,000 $986 4.29%

    For 2019, Conservation Emp. Credit Union's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 12 $1,030,000 $85,833 $1,029 4.48%
    30 Year 4 $580,000 $145,000 $1,824 5.50%
    15 Year 2 $150,000 $75,000 $1,135 5.38%
    5 Year 1 $15,000 $15,000 $0 3.25%
    Other 1 $25,000 $25,000 $0 3.25%

    For 2019, Conservation Emp. Credit Union's most frequently cited loan duration was 10 Year, with 12 originations. The 2nd most popular length was 30 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 17 $1,695,000 $99,706

    Conservation Emp. Credit Union's average total fees were $1,824, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 17 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 10 $1,140,000 $114,000
    3-4% 8 $450,000 $56,250
    4-5% 2 $210,000 $105,000

    During 2019, Conservation Emp. Credit Union's average interest rate for loans was 5.50%, while their most frequently originated rate bucket for loans was 5-6%, with 10 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 12 $650,000 $54,167 $867 4.35%
    $100k-200k 7 $865,000 $123,571 $1,321 5.04%
    $200k-400k 1 $285,000 $285,000 $3,042 5.50%

    2019 saw Conservation Emp. Credit Union place emphasis on $100,000 or less loans with 12 originations, totaling $650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 6 $380,000 $63,333 $1,024 4.71%
    $75k-100k 5 $675,000 $135,000 $1,530 4.75%
    $100k-150k 4 $340,000 $85,000 $1,177 4.88%
    $50k-75k 4 $250,000 $62,500 $866 4.00%
    $150k-250k 1 $155,000 $155,000 $1,195 5.50%

    Conservation Emp. Credit Union lent most frequently to those with incomes in the $50k or less range, with 6 originations. The second most popular income band? $75k-100k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 8 $550,000 $68,750 $1,017 4.59%
    30-36% 3 $325,000 $108,333 $1,334 4.25%
    <20% 2 $130,000 $65,000 $592 4.38%
    >60% 2 $170,000 $85,000 $1,245 4.63%
    40% 1 $75,000 $75,000 $792 5.25%
    45% 1 $285,000 $285,000 $3,042 5.50%
    48% 1 $65,000 $65,000 $842 3.75%
    50-60% 1 $135,000 $135,000 $1,638 5.50%
    36% 1 $65,000 $65,000 $0 5.50%

    Conservation Emp. Credit Union lent most frequently to those with DTI ratios of 20-30%, with 8 originations. The next most common DTI ratio? 30-36%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 17 $1,565,000 $92,059 $1,148 4.63%
    Not provided 3 $235,000 $78,333 $1,437 4.75%

    Approval Rates

    Total approvals of all applications
    88.89%

    Conservation Emp. Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.00%

    Conservation Emp. Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2 $40,000 $20,000
    NA 18 $1,760,000 $97,778

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $115,000 $38,333
    Single Family (1-4 Units):Site-Built 17 $1,685,000 $99,118

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $25,000 $25,000 $809 5.50%
    40-60% 2 $310,000 $155,000 $1,932 4.63%
    60-80% 10 $800,000 $80,000 $988 4.53%
    80-100% 7 $665,000 $95,000 $1,253 4.71%