Gulf Winds Credit Union Mortgage Rates, Fees & Info
Pensacola, FLLEI: 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, 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 Crestview among others. We have data for 8 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. Gulf Winds 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.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
30 Year Conventional Purchase | 6.57% | 12/16/24 |
30 Year Conventional Refi | 6.13% | 12/16/24 |
30 Year Cash-out Refi | 6.59% | 12/16/24 |
30 Year VA Purchase | 6.27% | 12/16/24 |
30 Year VA Refi | 6.27% | 12/16/24 |
30 Year USDA Purchase | 6.27% | 12/16/24 |
30 Year USDA Refi | 6.27% | 12/16/24 |
15 Year Conventional Purchase | 5.85% | 12/16/24 |
15 Year Conventional Refi | 5.96% | 12/16/24 |
15 Year Cash-out Refi | 5.96% | 12/16/24 |
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. |
Gulf Winds Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
420Origination Dollar Volume (All Markets)
$55,020,000Gulf Winds Credit Union - 2020
Gulf Winds Credit Union is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
---|---|---|---|---|---|
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 299 | $40,035,000 | $133,896 | $2,962 | 3.51% |
Outside of Metro Areas | 55 | $8,025,000 | $145,909 | $2,985 | 3.44% |
TALLAHASSEE, FL (FHA|USDA|VA) | 28 | $3,000,000 | $107,143 | $2,816 | 3.46% |
Atmore, AL (FHA|USDA|VA) | 24 | $2,510,000 | $104,583 | $2,416 | 3.40% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 10 | $1,230,000 | $123,000 | $2,346 | 3.66% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $3,180 | 3.25% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,984 | 3.13% |
MOBILE, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.75% |
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.
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 380 | $52,300,000 | $137,632 | $2,912 | 3.36% |
HELOC | 40 | $2,720,000 | $68,000 | n/a | 4.83% |
For 2020, Gulf Winds Credit Union's most frequently originated type of loan was Conventional, with 380 originations. Their 2nd most popular type was HELOC, with 40 originations.
Loan Reason
For 2020, Gulf Winds Credit Union's most frequently cited loan purpose was Cash Out Refi, with 273 originations. The 2nd most popular reason was Refi, with 97 originations.
Loan Duration/Length
For 2020, Gulf Winds Credit Union's most frequently cited loan duration was 30 Year, with 170 originations. The 2nd most popular length was Other, with 102 originations.
Origination Fees/Closing Costs
Gulf Winds Credit Union's average total fees were $3,028, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 344 originations.
Interest Rates
During 2020, Gulf Winds Credit Union's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 3-4%, with 178 originations.
Loan Sizing
2020 saw Gulf Winds Credit Union place emphasis on $100,000 or less loans with 186 originations, totaling $9,530,000 in origination value.
Applicant Income
Gulf Winds Credit Union lent most frequently to those with incomes in the $50k-75k range, with 116 originations. The second most popular income band? $75k-100k, with 95 originations.
Applicant Debt to Income Ratio
Gulf Winds Credit Union lent most frequently to those with DTI ratios of 20-30%, with 126 originations. The next most common DTI ratio? 30-36%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.76%
Gulf Winds Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination21.90%
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 |
---|---|---|---|
NA | 420 | $55,020,000 | $131,000 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Single Family (1-4 Units):Site-Built | 420 | $55,020,000 | $131,000 |