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 Other, Home Purchase, and 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 Watertown among others. We have data for 10 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 relatively high 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

    241

    Origination Dollar Volume (All Markets)

    $24,085,000

    Awards

    Guardian Credit Union 30 Year Conventional Loans silver
    Show all (1) 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) 209 $19,655,000 $94,043 $3,161 5.19%
    RACINE, WI (FHA|USDA|VA) 17 $2,085,000 $122,647 $1,802 4.90%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $835,000 $278,333 $2,264 5.44%
    Beaver Dam, WI (FHA|USDA|VA) 2 $590,000 $295,000 $2,137 4.94%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $320,000 $160,000 $1,659 4.75%
    APPLETON, WI (FHA|USDA|VA) 1 $165,000 $165,000 $6,585 6.50%
    SHEBOYGAN, WI (FHA|USDA|VA) 2 $160,000 $80,000 $0 6.13%
    Whitewater, WI (FHA|USDA|VA) 3 $125,000 $41,667 $0 4.23%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $95,000 $95,000 $1,942 5.13%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.75%
    Guardian Credit Union's top markets include Milwaukee, Racine, Chicago, Beaver Dam, and Watertown 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.

    NORTHWESTERN MUTUAL
    Similarity Rank: 70
    Empower Credit Union
    Similarity Rank: 81
    Glacier Hills Credit Union
    Similarity Rank: 200
    Blackhawk Community Credit Union
    Similarity Rank: 330
    Community State Bank
    Similarity Rank: 360
    VERVE, A CREDIT UNION
    Similarity Rank: 418
    EDUCATORS CREDIT UNION
    Similarity Rank: 425
    Hometown Bank
    Similarity Rank: 544
    Horicon Bank
    Similarity Rank: 686
    Citizens Bank
    Similarity Rank: 792

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 127 $7,725,000 $60,827 n/a 5.19%
    Conventional 114 $16,360,000 $143,509 $3,008 5.14%

    For 2022, Guardian Credit Union's most frequently originated type of loan was HELOC, with 127 originations. Their 2nd most popular type was Conventional, with 114 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 102 $5,880,000 $57,647 $0 5.15%
    Home Improvement 68 $3,050,000 $44,853 $0 5.41%
    Home Purchase 34 $8,020,000 $235,882 $2,316 5.25%
    Refi 29 $6,015,000 $207,414 $2,538 4.63%
    Cash Out Refi 8 $1,120,000 $140,000 $7,952 5.00%

    For 2022, Guardian Credit Union's most frequently cited loan purpose was Other, with 102 originations. The 2nd most popular reason was Home Improvement, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 132 $7,880,000 $59,697 $0 5.18%
    30 Year 47 $11,535,000 $245,426 $2,581 5.29%
    5 Year 20 $640,000 $32,000 $0 4.72%
    10 Year 18 $1,250,000 $69,444 $7,381 4.57%
    15 Year 18 $1,380,000 $76,667 $3,270 6.12%
    20 Year 5 $1,245,000 $249,000 $1,862 4.25%
    3 Year 1 $155,000 $155,000 $1,013 5.25%

    For 2022, Guardian Credit Union's most frequently cited loan duration was Other, with 132 originations. The 2nd most popular length was 30 Year, with 47 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 57 $13,385,000 $234,825
    $1k-2k 2 $210,000 $105,000
    $2k-3k 2 $390,000 $195,000
    $3k-4k 2 $310,000 $155,000
    $4k-5k 1 $165,000 $165,000
    $5k+ 1 $135,000 $135,000

    Guardian Credit Union's average total fees were $2,581, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 57 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 64 $7,410,000 $115,781
    3-4% 63 $6,765,000 $107,381
    4-5% 45 $2,585,000 $57,444
    6-7% 38 $4,070,000 $107,105
    7-8% 10 $500,000 $50,000
    Over 8% 6 $360,000 $60,000
    <2.5% 4 $1,400,000 $350,000
    2.5-3% 3 $445,000 $148,333

    During 2022, Guardian Credit Union's average interest rate for loans was 5.29%, while their most frequently originated rate bucket for loans was 5-6%, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 163 $6,935,000 $42,546 $1,860 5.22%
    $100k-200k 42 $5,680,000 $135,238 $3,788 5.16%
    $200k-400k 30 $7,980,000 $266,000 $2,160 5.29%
    $400k-600k 4 $2,090,000 $522,500 $3,151 3.34%
    $600k-1MM 2 $1,400,000 $700,000 $4,225 3.38%

    2022 saw Guardian Credit Union place emphasis on $100,000 or less loans with 163 originations, totaling $6,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 77 $7,105,000 $92,273 $4,712 5.00%
    $75k-100k 49 $4,955,000 $101,122 $2,433 5.35%
    $150k-250k 42 $4,400,000 $104,762 $2,994 5.08%
    $50k-75k 39 $3,995,000 $102,436 $2,003 5.27%
    $50k or less 16 $930,000 $58,125 $2,655 5.07%
    $250k+ 10 $2,080,000 $208,000 $4,675 5.67%

    Guardian Credit Union lent most frequently to those with incomes in the $100k-150k range, with 77 originations. The second most popular income band? $75k-100k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 68 $5,850,000 $86,029 $2,435 4.91%
    30-36% 53 $4,945,000 $93,302 $2,221 5.35%
    <20% 30 $3,680,000 $122,667 $2,368 5.12%
    41% 12 $2,180,000 $181,667 $2,872 4.95%
    42% 10 $480,000 $48,000 $0 5.57%
    37% 8 $790,000 $98,750 $4,159 5.88%
    38% 8 $830,000 $103,750 $1,522 5.19%
    40% 7 $365,000 $52,143 $1,590 5.07%
    39% 7 $885,000 $126,429 $1,500 5.78%
    36% 7 $665,000 $95,000 $10,500 5.22%
    44% 6 $710,000 $118,333 $3,680 5.19%
    43% 4 $750,000 $187,500 $3,832 4.22%
    49% 3 $235,000 $78,333 $4,183 6.29%
    46% 2 $160,000 $80,000 $2,010 4.81%
    47% 2 $430,000 $215,000 $1,911 5.56%
    50-60% 2 $360,000 $180,000 $1,659 4.00%
    45% 1 $35,000 $35,000 $0 3.94%

    Guardian Credit Union lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? 30-36%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 212 $21,870,000 $103,160 $3,069 5.19%
    Not applicable 15 $925,000 $61,667 $0 4.78%
    Asian 5 $715,000 $143,000 $2,311 5.73%
    Black 4 $420,000 $105,000 $2,017 5.22%
    Not provided 5 $155,000 $31,000 $0 4.48%

    Approval Rates

    Total approvals of all applications
    94.04%

    Guardian Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.97%

    Guardian Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 241 $24,085,000 $99,938

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    241 $24,085,000 $99,938

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 59 $4,605,000 $78,051 $2,498 5.25%
    40-60% 20 $3,230,000 $161,500 $4,794 5.08%
    60-80% 30 $5,570,000 $185,667 $2,506 5.29%
    80-100% 22 $6,700,000 $304,545 $2,756 4.95%
    Under 20% 100 $3,350,000 $33,500 $0 5.17%