Guardian Credit Union Mortgage Rates, Fees & Info
Oak Creek, WILEI: 254900PCEQAPPZS8KL59
Tax ID: 39-0334442
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Mortgage Data
Review & Overview
Guardian Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Guardian Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Chicago, Beaver Dam, and Fond Du Lac 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 above 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
400Origination Dollar Volume (All Markets)
$55,160,000Awards
Guardian Credit Union - 2020
Guardian 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 |
|---|---|---|---|---|---|
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 359 | $48,665,000 | $135,557 | $1,513 | 3.76% |
| RACINE, WI (FHA|USDA|VA) | 23 | $3,695,000 | $160,652 | $1,624 | 3.49% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $970,000 | $161,667 | $1,618 | 3.72% |
| Beaver Dam, WI (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $1,999 | 3.11% |
| FOND DU LAC, WI (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $1,262 | 2.56% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,610 | 3.50% |
| MADISON, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,060 | 3.00% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $0 | 4.69% |
| Shawano, WI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.94% |
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.
Similarity Rank: 144
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 268 | $47,090,000 | $175,709 | $1,528 | 3.43% |
| HELOC | 132 | $8,070,000 | $61,136 | n/a | 4.35% |
For 2020, Guardian Credit Union's most frequently originated type of loan was Conventional, with 268 originations. Their 2nd most popular type was HELOC, with 132 originations.
Loan Reason
For 2020, Guardian Credit Union's most frequently cited loan purpose was Refi, with 129 originations. The 2nd most popular reason was Other, with 115 originations.
Loan Duration/Length
For 2020, Guardian Credit Union's most frequently cited loan duration was Other, with 147 originations. The 2nd most popular length was 30 Year, with 102 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 222 | $44,700,000 | $201,351 |
Guardian Credit Union's average total fees were $1,585, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 222 originations.
Interest Rates
During 2020, Guardian Credit Union's average interest rate for loans was 3.31%, while their most frequently originated rate bucket for loans was 3-4%, with 174 originations.
Loan Sizing
2020 saw Guardian Credit Union place emphasis on $100,000 or less loans with 163 originations, totaling $7,375,000 in origination value.
Applicant Income
Guardian Credit Union lent most frequently to those with incomes in the $100k-150k range, with 119 originations. The second most popular income band? $50k-75k, with 88 originations.
Applicant Debt to Income Ratio
Guardian Credit Union lent most frequently to those with DTI ratios of 20-30%, with 139 originations. The next most common DTI ratio? 30-36%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.72%
Guardian Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination86.50%
Guardian Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 400 | $55,160,000 | $137,900 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 400 | $55,160,000 | $137,900 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Great Northern Mortgage Corp. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |