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 loans. Guardian Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Green Bay, Beaver Dam, and Appleton 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 above average approval rate when compared to the average across all lenders. They have an above 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.
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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
294Origination Dollar Volume (All Markets)
$33,220,000Awards
Guardian Credit Union - 2021
Guardian Credit Union is a 2021 , due to their low .
For 2021, 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) | 251 | $27,575,000 | $109,861 | $1,769 | 3.61% |
| RACINE, WI (FHA|USDA|VA) | 23 | $3,085,000 | $134,130 | $1,733 | 3.36% |
| Outside of Metro Areas | 5 | $675,000 | $135,000 | $2,045 | 3.03% |
| GREEN BAY, WI (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $2,335 | 3.41% |
| Beaver Dam, WI (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $1,645 | 3.61% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,146 | 2.88% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,385 | 2.25% |
| Manitowoc, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,885 | 2.50% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,585 | 2.75% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| FOND DU LAC, WI (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $924 | 1.88% |
| MADISON, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,235 | 2.50% |
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: 670
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 176 | $25,920,000 | $147,273 | $1,768 | 3.13% |
| HELOC | 118 | $7,300,000 | $61,864 | n/a | 4.18% |
For 2021, Guardian Credit Union's most frequently originated type of loan was Conventional, with 176 originations. Their 2nd most popular type was HELOC, with 118 originations.
Loan Reason
For 2021, Guardian Credit Union's most frequently cited loan purpose was Refi, with 99 originations. The 2nd most popular reason was Other, with 85 originations.
Loan Duration/Length
For 2021, Guardian Credit Union's most frequently cited loan duration was Other, with 138 originations. The 2nd most popular length was 30 Year, with 65 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 148 | $24,380,000 | $164,730 |
| $1k-2k | 1 | $305,000 | $305,000 |
| $3k-4k | 1 | $315,000 | $315,000 |
Guardian Credit Union's average total fees were $1,878, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 148 originations.
Interest Rates
During 2021, Guardian Credit Union's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 3-4%, with 148 originations.
Loan Sizing
2021 saw Guardian Credit Union place emphasis on $100,000 or less loans with 150 originations, totaling $6,940,000 in origination value.
Applicant Income
Guardian Credit Union lent most frequently to those with incomes in the $100k-150k range, with 79 originations. The second most popular income band? $75k-100k, with 63 originations.
Applicant Debt to Income Ratio
Guardian Credit Union lent most frequently to those with DTI ratios of 20-30%, with 103 originations. The next most common DTI ratio? 30-36%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.83%
Guardian Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.56%
Guardian Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 294 | $33,220,000 | $112,993 |