Gulf Winds Credit Union Mortgage Rates, Fees & Info

Pensacola, FL

LEI: 254900N33AYNKI4VCV72

Tax ID: 59-6143861

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Mortgage Data

Review & Overview

Gulf Winds Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Gulf Winds Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Pensacola, Tallahassee, Atmore, Daphne, and Panama City among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Gulf Winds 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.

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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Originations

350

Origination Dollar Volume (All Markets)

$51,080,000

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
Outside of Metro Areas 290 $34,120,000 $117,655 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 39 $11,265,000 $288,846 $0 0.00%
TALLAHASSEE, FL (FHA|USDA|VA) 7 $2,025,000 $289,286 $0 0.00%
Atmore, AL (FHA|USDA|VA) 5 $905,000 $181,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $795,000 $265,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $675,000 $675,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
OCALA, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
DOTHAN, AL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Gulf Winds Credit Union's top markets include Pensacola, Tallahassee, Atmore, Daphne, and Panama City among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Gulf Winds Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 84
    FIRST COMMERCE CREDIT UNION
    Similarity Rank: 144
    Envision Credit Union
    Similarity Rank: 180
    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 260
    DSLD MORTGAGE, LLC
    Similarity Rank: 672
    FIRST FLORIDA Credit Union
    Similarity Rank: 675
    Pen Air Federal Credit Union
    Similarity Rank: 675
    MSA MORTGAGE, LLC
    Similarity Rank: 1150
    City National Bank of Florida
    Similarity Rank: 1425
    BAY CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 2040

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 350 $51,080,000 $145,943 $0 0.00%

    For 2024, Gulf Winds Credit Union's most frequently originated type of loan was Conventional, with 350 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 217 $20,835,000 $96,014 $0 0.00%
    Home Purchase 90 $24,000,000 $266,667 $0 0.00%
    Home Improvement 33 $2,775,000 $84,091 $0 0.00%
    Refi 10 $3,470,000 $347,000 $0 0.00%

    For 2024, Gulf Winds Credit Union's most frequently cited loan purpose was Cash Out Refi, with 217 originations. The 2nd most popular reason was Home Purchase, with 90 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 350 $51,080,000 $145,943 $0 0.00%

    For 2024, Gulf Winds Credit Union's most frequently cited loan duration was Other, with 350 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 185 $9,785,000 $52,892 $0 0.00%
    $100k-200k 75 $10,925,000 $145,667 $0 0.00%
    $200k-400k 75 $20,985,000 $279,800 $0 0.00%
    $400k-600k 8 $3,620,000 $452,500 $0 0.00%
    $600k-1MM 6 $4,380,000 $730,000 $0 0.00%
    $1MM+ 1 $1,385,000 $1,385,000 $0 0.00%

    2024 saw Gulf Winds Credit Union place emphasis on $100,000 or less loans with 185 originations, totaling $9,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 96 $15,370,000 $160,104 $0 0.00%
    $75k-100k 71 $8,125,000 $114,437 $0 0.00%
    $50k-75k 69 $8,785,000 $127,319 $0 0.00%
    $150k-250k 46 $6,890,000 $149,783 $0 0.00%
    $50k or less 43 $3,165,000 $73,605 $0 0.00%
    $250k+ 20 $8,070,000 $403,500 $0 0.00%

    Gulf Winds Credit Union lent most frequently to those with incomes in the $100k-150k range, with 96 originations. The second most popular income band? $75k-100k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 350 $51,080,000 $145,943 $0 0.00%

    Gulf Winds Credit Union lent most frequently to those with DTI ratios of Exempt%, with 350 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 289 $41,715,000 $144,343 $0 0.00%
    Not provided 34 $6,060,000 $178,235 $0 0.00%
    Black 18 $2,330,000 $129,444 $0 0.00%
    Asian 2 $550,000 $275,000 $0 0.00%
    American Indian 6 $340,000 $56,667 $0 0.00%
    Other Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.01%

    Gulf Winds Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -1.14%

    Gulf Winds Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 350 $51,080,000 $145,943

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    350 $51,080,000 $145,943