Gulf Winds Credit Union Mortgage Rates, Fees & Info
Pensacola, FLLEI: 254900N33AYNKI4VCV72
Tax ID: 59-6143861
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
350Origination Dollar Volume (All Markets)
$51,080,000Top 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 | 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% |
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.
Similarity Rank: 84
Similarity Rank: 144
Similarity Rank: 180
Similarity Rank: 260
Similarity Rank: 672
Similarity Rank: 675
Similarity Rank: 675
Similarity Rank: 1150
Similarity Rank: 1425
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
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
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
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
Approval Rates
Total approvals of all applications88.01%
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 |