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 Chicago among others. We have data for 12 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 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.

    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% 4/28/24
    30 Year Conventional Purchase 6.66% 4/28/24
    30 Year Conventional Refi 6.65% 4/28/24
    30 Year Cash-out Refi 6.39% 4/28/24
    15 Year Conventional Purchase 6.23% 4/28/24
    15 Year Conventional Refi 6.25% 4/28/24
    15 Year Cash-out Refi 6.25% 4/28/24
    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

    338

    Origination Dollar Volume (All Markets)

    $40,920,000

    Awards

    Guardian Credit Union 30 Year Conventional Loans silver Guardian Credit Union 30 Year Conventional Loans gold
    Show all (2) 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) 298 $34,770,000 $116,678 $1,718 4.77%
    RACINE, WI (FHA|USDA|VA) 16 $2,360,000 $147,500 $1,735 4.47%
    Whitewater, WI (FHA|USDA|VA) 4 $980,000 $245,000 $1,632 4.25%
    Outside of Metro Areas 6 $930,000 $155,000 $1,791 3.93%
    MADISON, WI (FHA|USDA|VA) 3 $435,000 $145,000 $1,794 4.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $410,000 $205,000 $1,730 4.88%
    SHEBOYGAN, WI (FHA|USDA|VA) 2 $270,000 $135,000 $1,642 3.94%
    APPLETON, WI (FHA|USDA|VA) 1 $245,000 $245,000 $4,486 3.63%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $225,000 $225,000 $1,872 4.00%
    FOND DU LAC, WI (FHA|USDA|VA) 3 $145,000 $48,333 $1,182 4.33%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $95,000 $95,000 $1,839 5.50%
    Beaver Dam, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.75%
    Guardian Credit Union's top markets include Milwaukee, Racine, Whitewater, Madison, and Chicago 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: 8
    NORTHWESTERN MUTUAL
    Similarity Rank: 117
    Empower Credit Union
    Similarity Rank: 144
    EDUCATORS CREDIT UNION
    Similarity Rank: 286
    The Greenwood's State Bank
    Similarity Rank: 336
    Community State Bank
    Similarity Rank: 352
    Kohler Credit Union
    Similarity Rank: 418
    Westbury Bank
    Similarity Rank: 437
    Commerce State Bank
    Similarity Rank: 735
    Horicon Bank
    Similarity Rank: 752

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 232 $34,600,000 $149,138 $1,731 4.31%
    HELOC 106 $6,320,000 $59,623 n/a 5.62%

    For 2019, Guardian Credit Union's most frequently originated type of loan was Conventional, with 232 originations. Their 2nd most popular type was HELOC, with 106 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 96 $5,180,000 $53,958 $0 5.52%
    Refi 89 $16,315,000 $183,315 $1,663 3.96%
    Home Purchase 78 $13,260,000 $170,000 $1,838 4.35%
    Home Improvement 42 $1,880,000 $44,762 $0 5.32%
    Cash Out Refi 23 $3,585,000 $155,870 $1,628 4.20%
    NA 10 $700,000 $70,000 $0 5.29%

    For 2019, Guardian Credit Union's most frequently cited loan purpose was Other, with 96 originations. The 2nd most popular reason was Refi, with 89 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 136 $25,000,000 $183,824 $1,768 4.33%
    Other 114 $6,680,000 $58,596 $1,224 5.59%
    15 Year 34 $4,610,000 $135,588 $1,591 3.95%
    10 Year 24 $1,960,000 $81,667 $2,061 4.92%
    5 Year 20 $630,000 $31,500 $759 3.91%
    20 Year 10 $2,040,000 $204,000 $1,441 3.79%

    For 2019, Guardian Credit Union's most frequently cited loan duration was 30 Year, with 136 originations. The 2nd most popular length was Other, with 114 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 176 $31,280,000 $177,727
    $1k-2k 6 $940,000 $156,667
    $2k-3k 2 $270,000 $135,000
    $3k-4k 1 $245,000 $245,000
    $4k-5k 1 $135,000 $135,000

    Guardian Credit Union's average total fees were $1,768, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 176 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 115 $19,525,000 $169,783
    4-5% 104 $13,070,000 $125,673
    5-6% 85 $5,745,000 $67,588
    6-7% 12 $1,000,000 $83,333
    7-8% 10 $330,000 $33,000
    Over 8% 6 $120,000 $20,000
    2.5-3% 3 $325,000 $108,333
    <2.5% 3 $805,000 $268,333

    During 2019, Guardian Credit Union's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 3-4%, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 159 $6,975,000 $43,868 $1,671 5.32%
    $100k-200k 114 $16,240,000 $142,456 $1,731 4.35%
    $200k-400k 61 $15,825,000 $259,426 $1,718 3.90%
    $400k-600k 4 $1,880,000 $470,000 $2,365 4.09%

    2019 saw Guardian Credit Union place emphasis on $100,000 or less loans with 159 originations, totaling $6,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 96 $10,680,000 $111,250 $1,726 4.79%
    $100k-150k 93 $11,825,000 $127,151 $1,800 4.75%
    $75k-100k 62 $6,890,000 $111,129 $1,783 4.45%
    $150k-250k 40 $5,810,000 $145,250 $1,594 5.10%
    $50k or less 27 $2,935,000 $108,704 $1,638 4.32%
    $250k+ 10 $2,080,000 $208,000 $1,653 4.39%

    Guardian Credit Union lent most frequently to those with incomes in the $50k-75k range, with 96 originations. The second most popular income band? $100k-150k, with 93 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 107 $12,695,000 $118,645 $1,755 4.68%
    30-36% 71 $9,265,000 $130,493 $1,636 4.79%
    <20% 38 $3,960,000 $104,211 $1,632 4.50%
    42% 21 $1,855,000 $88,333 $1,524 5.10%
    37% 18 $1,990,000 $110,556 $1,753 4.69%
    36% 17 $1,565,000 $92,059 $1,657 4.93%
    41% 13 $2,175,000 $167,308 $1,917 4.22%
    40% 13 $1,245,000 $95,769 $2,137 5.11%
    39% 9 $1,315,000 $146,111 $2,118 5.18%
    43% 8 $1,320,000 $165,000 $1,693 4.64%
    38% 7 $1,015,000 $145,000 $1,649 4.36%
    46% 4 $800,000 $200,000 $1,658 4.28%
    44% 4 $770,000 $192,500 $1,637 4.39%
    45% 3 $445,000 $148,333 $1,997 4.42%
    48% 2 $240,000 $120,000 $1,737 3.69%
    47% 1 $115,000 $115,000 $1,860 5.13%
    50-60% 1 $95,000 $95,000 $1,839 5.50%

    Guardian Credit Union lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 314 $38,700,000 $123,248 $1,734 4.69%
    Black 11 $1,105,000 $100,455 $1,622 4.89%
    Not applicable 10 $800,000 $80,000 $0 5.19%
    Asian 2 $290,000 $145,000 $1,970 4.56%
    Chinese 1 $25,000 $25,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    89.98%

    Guardian Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.74%

    Guardian Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 338 $40,920,000 $121,065

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 338 $40,920,000 $121,065

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $3,660,000 $76,250 $2,156 5.00%
    40-60% 41 $5,155,000 $125,732 $1,623 4.52%
    60-80% 100 $16,720,000 $167,200 $1,644 4.26%
    80-100% 60 $12,130,000 $202,167 $1,818 4.31%
    Over 100% 2 $670,000 $335,000 $2,997 2.25%
    Under 20% 87 $2,585,000 $29,713 $0 5.52%