Guardian Credit Union Mortgage Rates, Fees & Info

Oak Creek, WI

LEI: 254900PCEQAPPZS8KL59

Tax ID: 39-0334442

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

    Guardian Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Guardian Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Whitewater, Madison, and Oshkosh among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Guardian 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. Guardian Credit Union is typically a high 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 12/16/24
    30 Year Conventional Purchase 6.66% 12/16/24
    30 Year Conventional Refi 6.65% 12/16/24
    30 Year Cash-out Refi 6.39% 12/16/24
    15 Year Conventional Purchase 6.23% 12/16/24
    15 Year Conventional Refi 6.25% 12/16/24
    15 Year Cash-out Refi 6.25% 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.

    Guardian Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Guardian 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

    319

    Origination Dollar Volume (All Markets)

    $35,225,000

    Awards

    Guardian Credit Union 30 Year Conventional Loans silver Guardian Credit Union 30 Year Conventional Loans silver Guardian 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
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 281 $30,005,000 $106,779 $1,710 4.47%
    RACINE, WI (FHA|USDA|VA) 22 $2,920,000 $132,727 $1,804 4.97%
    Whitewater, WI (FHA|USDA|VA) 8 $1,180,000 $147,500 $432,020 4.48%
    Outside of Metro Areas 3 $625,000 $208,333 $2,590 5.04%
    MADISON, WI (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.00%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.24%
    Marinette, WI-MI (FHA|USDA|VA) 1 $55,000 $55,000 $1,811 5.50%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $25,000 $25,000 $0 2.24%
    Guardian Credit Union's top markets include Milwaukee, Racine, Whitewater, Madison, and Oshkosh among others.

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

    • Similar Lenders

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

    AppleTree Credit Union
    Similarity Rank: 10
    NORTHWESTERN MUTUAL
    Similarity Rank: 12
    Kohler Credit Union
    Similarity Rank: 128
    Empower Credit Union
    Similarity Rank: 135
    HERITAGE CREDIT UNION
    Similarity Rank: 143
    PRIME FINANCIAL CREDIT UNION
    Similarity Rank: 275
    Partnership Bank
    Similarity Rank: 333
    Glacier Hills Credit Union
    Similarity Rank: 357
    Westbury Bank
    Similarity Rank: 416
    Community State Bank
    Similarity Rank: 432

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 319 $35,225,000 $110,423 $12,895 4.50%

    For 2018, Guardian Credit Union's most frequently originated type of loan was Conventional, with 319 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 120 $10,100,000 $84,167 $1,611 4.19%
    Home Purchase 96 $18,450,000 $192,188 $1,743 4.63%
    Other 47 $2,565,000 $54,574 $3,498 5.01%
    Home Improvement 28 $1,140,000 $40,714 $0 4.66%
    Cash Out Refi 21 $2,635,000 $125,476 $116,489 4.68%
    NA 7 $335,000 $47,857 $0 3.42%

    For 2018, Guardian Credit Union's most frequently cited loan purpose was Refi, with 120 originations. The 2nd most popular reason was Home Purchase, with 96 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 142 $6,670,000 $46,972 $0 4.18%
    30 Year 132 $24,540,000 $185,909 $14,779 4.74%
    15 Year 17 $2,515,000 $147,941 $1,712 4.74%
    5 Year 14 $350,000 $25,000 $871 5.02%
    10 Year 9 $725,000 $80,556 $1,715 4.70%
    20 Year 4 $400,000 $100,000 $1,663 4.88%
    3 Year 1 $25,000 $25,000 $0 3.99%

    For 2018, Guardian Credit Union's most frequently cited loan duration was Other, with 142 originations. The 2nd most popular length was 30 Year, with 132 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 149 $26,435,000 $177,416
    $1k-2k 4 $990,000 $247,500
    $2k-3k 1 $185,000 $185,000

    Guardian Credit Union's average total fees were $14,779, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 149 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 126 $19,080,000 $151,429
    5-6% 69 $6,565,000 $95,145
    <2.5% 65 $5,115,000 $78,692
    3-4% 24 $2,510,000 $104,583
    6-7% 20 $950,000 $47,500
    7-8% 9 $475,000 $52,778
    Over 8% 3 $35,000 $11,667
    2.5-3% 2 $490,000 $245,000

    During 2018, Guardian Credit Union's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 4-5%, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 180 $7,450,000 $41,389 $1,632 4.48%
    $100k-200k 81 $11,255,000 $138,951 $26,265 4.57%
    $200k-400k 50 $13,060,000 $261,200 $1,680 4.56%
    $400k-600k 8 $3,460,000 $432,500 $2,616 3.92%

    2018 saw Guardian Credit Union place emphasis on $100,000 or less loans with 180 originations, totaling $7,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 80 $9,430,000 $117,875 $1,651 4.62%
    $50k-75k 80 $8,920,000 $111,500 $1,707 4.51%
    $75k-100k 61 $5,665,000 $92,869 $73,343 4.48%
    $50k or less 50 $3,830,000 $76,600 $1,703 4.77%
    $150k-250k 36 $5,370,000 $149,167 $2,029 3.97%
    $250k+ 7 $1,785,000 $255,000 $2,200 4.50%

    Guardian Credit Union lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $50k-75k, with 80 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 73 $7,605,000 $104,178 $1,807 4.65%
    30-36% 68 $7,550,000 $111,029 $1,736 4.31%
    <20% 38 $3,800,000 $100,000 $1,829 4.42%
    42% 21 $1,965,000 $93,571 $216,641 4.72%
    38% 14 $1,390,000 $99,286 $1,607 4.62%
    36% 14 $1,720,000 $122,857 $1,497 4.09%
    37% 13 $1,615,000 $124,231 $1,605 4.47%
    39% 13 $1,345,000 $103,462 $1,650 4.62%
    40% 13 $1,255,000 $96,538 $1,699 4.43%
    41% 10 $1,230,000 $123,000 $1,652 4.47%
    43% 10 $1,510,000 $151,000 $1,441 4.47%
    44% 8 $1,150,000 $143,750 $1,637 4.61%
    47% 7 $1,085,000 $155,000 $1,841 4.02%
    45% 6 $410,000 $68,333 $2,800 5.60%
    46% 4 $520,000 $130,000 $1,928 4.12%
    48% 4 $560,000 $140,000 $1,643 4.37%
    49% 3 $515,000 $171,667 $1,669 5.38%

    Guardian Credit Union lent most frequently to those with DTI ratios of 20-30%, with 73 originations. The next most common DTI ratio? 30-36%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 297 $34,085,000 $114,764 $13,344 4.56%
    Black 9 $605,000 $67,222 $1,809 4.57%
    Not applicable 9 $335,000 $37,222 $0 3.38%
    Asian 3 $175,000 $58,333 $0 2.57%
    Not provided 1 $25,000 $25,000 $0 2.24%

    Approval Rates

    Total approvals of all applications
    89.95%

    Guardian Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.70%

    Guardian Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 319 $35,225,000 $110,423

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 319 $35,225,000 $110,423

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $3,390,000 $62,778 $1,502 4.44%
    40-60% 25 $3,285,000 $131,400 $1,762 4.05%
    60-80% 67 $11,535,000 $172,164 $29,468 4.68%
    80-100% 75 $14,245,000 $189,933 $1,757 4.59%
    Under 20% 98 $2,770,000 $28,265 $933 4.46%