Christian Financial Credit Union Mortgage Rates, Fees & Info
Sterling Heights, MILEI: 254900PE3F2ADLAJRQ97
Tax ID: 38-1418180
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Christian Financial Credit Union is a smaller credit union specializing in Other, Home Improvement, and Home Purchase loans. Christian Financial Credit Union has an average proportion of conventional loans. Their top two markets are Detroit and New York .Christian Financial 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.
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% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 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. | ||
Christian Financial Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Christian Financial 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
96Origination Dollar Volume (All Markets)
$4,210,000Top 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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 95 | $3,535,000 | $37,211 | $0 | 5.31% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 5.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 92 | $2,950,000 | $32,065 | n/a | 5.33% |
| Conventional | 4 | $1,260,000 | $315,000 | $0 | 4.75% |
For 2018, Christian Financial Credit Union's most frequently originated type of loan was HELOC, with 92 originations. Their 2nd most popular type was Conventional, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 53 | $1,845,000 | $34,811 | $0 | 5.30% |
| Home Improvement | 39 | $1,135,000 | $29,103 | $0 | 5.38% |
| Home Purchase | 4 | $1,230,000 | $307,500 | $0 | 4.62% |
For 2018, Christian Financial Credit Union's most frequently cited loan purpose was Other, with 53 originations. The 2nd most popular reason was Home Improvement, with 39 originations.
Loan Duration/Length
For 2018, Christian Financial Credit Union's most frequently cited loan duration was 20 Year, with 84 originations. The 2nd most popular length was Other, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 51 | $1,655,000 | $32,451 |
| 5-6% | 31 | $2,195,000 | $70,806 |
| 6-7% | 6 | $150,000 | $25,000 |
| 7-8% | 6 | $160,000 | $26,667 |
| 3-4% | 1 | $25,000 | $25,000 |
| Over 8% | 1 | $25,000 | $25,000 |
During 2018, Christian Financial Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 51 originations.
Loan Sizing
2018 saw Christian Financial Credit Union place emphasis on $100,000 or less loans with 93 originations, totaling $2,975,000 in origination value.
Applicant Income
Christian Financial Credit Union lent most frequently to those with incomes in the $50k or less range, with 26 originations. The second most popular income band? $75k-100k, with 23 originations.
Applicant Debt to Income Ratio
Christian Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 32 originations. The next most common DTI ratio? <20%, with 17 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications70.43%
Christian Financial Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination31.25%
Christian Financial Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 96 | $4,210,000 | $43,854 |