Gulf Winds Credit Union Mortgage Rates, Fees & Info

Pensacola, FL

LEI: 254900N33AYNKI4VCV72

Tax ID: 59-6143861

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Gulf Winds Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Gulf Winds Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Pensacola, Tallahassee, Atmore, Daphne, and Tampa among others. We have data for 12 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Gulf Winds Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    477

    Origination Dollar Volume (All Markets)

    $72,485,000

    Awards

    Gulf Winds Credit Union 30 Year Conventional Loans silver Gulf Winds Credit Union 30 Year Conventional Loans gold Gulf Winds Credit Union 30 Year Conventional Loans silver
    Show all (3) awards

    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) 368 $57,050,000 $155,027 $3,083 3.19%
    TALLAHASSEE, FL (FHA|USDA|VA) 48 $6,770,000 $141,042 $3,113 3.29%
    Atmore, AL (FHA|USDA|VA) 27 $3,165,000 $117,222 $2,736 3.34%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 16 $2,670,000 $166,875 $2,863 3.09%
    Outside of Metro Areas 7 $675,000 $96,429 $2,025 2.94%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $530,000 $265,000 $3,686 3.16%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $465,000 $155,000 $3,743 3.86%
    DOTHAN, AL (FHA|USDA|VA) 2 $360,000 $180,000 $2,046 3.94%
    MOBILE, AL (FHA|USDA|VA) 1 $345,000 $345,000 $2,378 3.50%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $305,000 $305,000 $1,867 3.13%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,222 2.57%
    Ozark, AL (FHA|USDA|VA) 1 $65,000 $65,000 $2,513 3.25%
    Gulf Winds Credit Union's top markets include Pensacola, Tallahassee, Atmore, Daphne, and Tampa among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Alabama (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.

    HARVESTERS FEDERAL CREDIT UNION
    Similarity Rank: 210
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 228
    Eglin Federal Credit Union
    Similarity Rank: 296
    Pen Air Federal Credit Union
    Similarity Rank: 376
    FIRST COMMERCE CREDIT UNION
    Similarity Rank: 483
    Envision Credit Union
    Similarity Rank: 561
    Gulf Winds Credit Union
    Similarity Rank: 564
    DSLD MORTGAGE, LLC
    Similarity Rank: 1566
    CAMPUS USA
    Similarity Rank: 1920
    FIRST FLORIDA Credit Union
    Similarity Rank: 2448

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 434 $68,430,000 $157,673 $3,015 3.12%
    HELOC 38 $3,090,000 $81,316 n/a 4.31%
    VA 2 $470,000 $235,000 $3,662 2.75%
    USDA 2 $390,000 $195,000 $5,145 2.81%
    FHA 1 $105,000 $105,000 $4,431 3.00%

    For 2021, Gulf Winds Credit Union's most frequently originated type of loan was Conventional, with 434 originations. Their 2nd most popular type was HELOC, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 291 $39,575,000 $135,997 $3,152 3.38%
    Refi 101 $17,275,000 $171,040 $2,880 2.77%
    Home Purchase 69 $13,895,000 $201,377 $3,032 3.10%
    Other 13 $1,495,000 $115,000 $2,865 3.29%
    Home Improvement 3 $245,000 $81,667 $2,544 3.00%

    For 2021, Gulf Winds Credit Union's most frequently cited loan purpose was Cash Out Refi, with 291 originations. The 2nd most popular reason was Refi, with 101 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 235 $48,975,000 $208,404 $3,135 3.11%
    Other 92 $5,010,000 $54,457 $3,118 3.68%
    15 Year 74 $11,580,000 $156,486 $2,829 2.58%
    20 Year 58 $6,150,000 $106,034 $2,711 3.84%
    5 Year 18 $770,000 $42,778 $0 2.60%

    For 2021, Gulf Winds Credit Union's most frequently cited loan duration was 30 Year, with 235 originations. The 2nd most popular length was Other, with 92 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 420 $65,640,000 $156,286
    $1k-2k 12 $1,780,000 $148,333
    $2k-3k 4 $650,000 $162,500
    $5k+ 2 $1,080,000 $540,000
    $3k-4k 1 $245,000 $245,000

    Gulf Winds Credit Union's average total fees were $3,135, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 420 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 203 $33,305,000 $164,064
    2.5-3% 163 $28,545,000 $175,123
    <2.5% 53 $5,635,000 $106,321
    4-5% 42 $3,740,000 $89,048
    5-6% 10 $670,000 $67,000
    6-7% 3 $175,000 $58,333
    % 3 $415,000 $138,333

    During 2021, Gulf Winds Credit Union's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 3-4%, with 203 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 186 $10,930,000 $58,763 $2,463 3.48%
    $100k-200k 162 $24,110,000 $148,827 $2,861 3.00%
    $200k-400k 111 $28,785,000 $259,324 $3,321 3.10%
    $400k-600k 17 $7,805,000 $459,118 $4,080 2.97%
    $600k-1MM 1 $855,000 $855,000 $11,580 3.13%

    2021 saw Gulf Winds Credit Union place emphasis on $100,000 or less loans with 186 originations, totaling $10,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 119 $15,015,000 $126,176 $2,932 3.30%
    $100k-150k 115 $21,105,000 $183,522 $3,189 3.18%
    $50k or less 97 $9,165,000 $94,485 $2,602 3.07%
    $75k-100k 85 $12,795,000 $150,529 $2,970 3.28%
    $150k-250k 41 $8,995,000 $219,390 $3,494 3.16%
    $250k+ 13 $4,325,000 $332,692 $4,660 3.08%

    Gulf Winds Credit Union lent most frequently to those with incomes in the $50k-75k range, with 119 originations. The second most popular income band? $100k-150k, with 115 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 131 $19,365,000 $147,824 $2,973 3.13%
    30-36% 94 $15,560,000 $165,532 $3,030 3.25%
    <20% 80 $10,220,000 $127,750 $3,040 3.02%
    36% 23 $3,715,000 $161,522 $3,143 3.37%
    42% 18 $2,270,000 $126,111 $2,774 3.48%
    39% 16 $3,180,000 $198,750 $3,098 3.51%
    41% 15 $2,275,000 $151,667 $2,975 3.37%
    44% 13 $2,445,000 $188,077 $3,460 3.44%
    38% 12 $2,650,000 $220,833 $3,588 2.94%
    37% 11 $1,255,000 $114,091 $2,900 3.22%
    46% 11 $2,215,000 $201,364 $3,295 3.18%
    40% 10 $1,410,000 $141,000 $2,883 3.28%
    43% 10 $1,010,000 $101,000 $2,572 3.07%
    47% 7 $745,000 $106,429 $2,767 4.16%
    49% 6 $840,000 $140,000 $2,856 2.88%
    50-60% 4 $490,000 $122,500 $2,999 3.04%
    45% 4 $950,000 $237,500 $3,338 2.86%
    48% 3 $605,000 $201,667 $3,689 3.54%

    Gulf Winds Credit Union lent most frequently to those with DTI ratios of 20-30%, with 131 originations. The next most common DTI ratio? 30-36%, with 94 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 387 $59,615,000 $154,044 $3,031 3.19%
    Not provided 60 $8,780,000 $146,333 $2,983 3.25%
    Black 19 $2,395,000 $126,053 $2,903 3.41%
    Asian 6 $850,000 $141,667 $3,082 3.63%
    American Indian 4 $780,000 $195,000 $4,368 2.83%
    Native Hawaiian or Islander 1 $65,000 $65,000 $0 3.38%

    Approval Rates

    Total approvals of all applications
    86.80%

    Gulf Winds Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    8.60%

    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 477 $72,485,000 $151,960

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    477 $72,485,000 $151,960

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 85 $7,015,000 $82,529 $2,624 3.49%
    40-60% 97 $12,695,000 $130,876 $2,822 2.96%
    60-80% 157 $32,975,000 $210,032 $3,171 3.01%
    80-100% 75 $16,175,000 $215,667 $3,127 3.21%
    Under 20% 55 $2,375,000 $43,182 $3,171 3.73%