Greenville Heritage Federal Credit Union Mortgage Rates, Fees & Info
Greenville, SCLEI: 254900SYM73UN2V4KP10
Tax ID: 57-0314492
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Mortgage Data
Review & Overview
Greenville Heritage Federal Credit Union is a smaller credit union specializing in Refi loans. Greenville Heritage Federal Credit Union has a high proportion of conventional loans. Their top two markets are Greenville and Spartanburg .Greenville Heritage Federal 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.92% | 4/28/24 |
| 30 Year Conventional Refi | 6.01% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 15 Year Conventional Refi | 5.87% | 4/28/24 |
| 15 Year Cash-out Refi | 5.87% | 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. | ||
Greenville Heritage Federal Credit Union Mortgage Calculator
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Originations
54Origination Dollar Volume (All Markets)
$6,730,000Top 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 |
|---|---|---|---|---|---|
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 53 | $6,595,000 | $124,434 | $2,263 | 4.44% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,092 | 3.51% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Greenville Heritage Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $6,730,000 | $124,630 | $2,260 | 4.43% |
For 2018, Greenville Heritage Federal Credit Union's most frequently originated type of loan was Conventional, with 54 originations.
Loan Reason
For 2018, Greenville Heritage Federal Credit Union's most frequently cited loan purpose was Refi, with 29 originations. The 2nd most popular reason was Home Improvement, with 13 originations.
Loan Duration/Length
For 2018, Greenville Heritage Federal Credit Union's most frequently cited loan duration was 20 Year, with 21 originations. The 2nd most popular length was 15 Year, with 20 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 47 | $5,535,000 | $117,766 |
| $1k-2k | 7 | $1,195,000 | $170,714 |
Greenville Heritage Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 47 originations.
Interest Rates
During 2018, Greenville Heritage Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 23 originations.
Loan Sizing
2018 saw Greenville Heritage Federal Credit Union place emphasis on $100,000 or less loans with 26 originations, totaling $1,610,000 in origination value.
Applicant Income
Greenville Heritage Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 18 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
Greenville Heritage Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? <20%, with 17 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 44 | $5,460,000 | $124,091 | $2,257 | 4.26% |
| Black | 10 | $1,270,000 | $127,000 | $2,275 | 5.12% |
Approval Rates
Total approvals of all applications75.53%
Greenville Heritage Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination72.22%
Greenville Heritage Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 54 | $6,730,000 | $124,630 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $35,000 | $35,000 |
| Single Family (1-4 Units):Site-Built | 53 | $6,695,000 | $126,321 |