Guardians Credit Union Mortgage Rates, Fees & Info
West Palm Beach, FLLEI: 254900T8NVZTD1Q8U318
Tax ID: 59-0947735
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Guardians Credit Union is a smaller credit union specializing in Home Improvement and Other loans. Guardians Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Port St. Lucie, and Sebastian among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Guardians 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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Originations
36Origination Dollar Volume (All Markets)
$3,240,000Top 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 28 | $2,540,000 | $90,714 | $0 | 8.82% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $545,000 | $77,857 | $0 | 8.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.70% |
Similar Lenders
We use machine learning to identify the top lenders compared against Guardians 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 | 36 | $3,240,000 | $90,000 | $0 | 8.86% |
For 2024, Guardians Credit Union's most frequently originated type of loan was Conventional, with 36 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 23 | $2,025,000 | $88,043 | $0 | 8.93% |
| Other | 12 | $910,000 | $75,833 | $0 | 8.65% |
| Cash Out Refi | 1 | $305,000 | $305,000 | $0 | 9.65% |
For 2024, Guardians Credit Union's most frequently cited loan purpose was Home Improvement, with 23 originations. The 2nd most popular reason was Other, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 35 | $3,185,000 | $91,000 | $0 | 8.85% |
| 10 Year | 1 | $55,000 | $55,000 | $0 | 9.00% |
For 2024, Guardians Credit Union's most frequently cited loan duration was 15 Year, with 35 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 36 | $3,240,000 | $90,000 |
Guardians 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 36 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 26 | $2,180,000 | $83,846 |
| 7-8% | 9 | $835,000 | $92,778 |
| 6-7% | 1 | $225,000 | $225,000 |
During 2024, Guardians Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 26 originations.
Loan Sizing
2024 saw Guardians Credit Union place emphasis on $100,000 or less loans with 30 originations, totaling $2,090,000 in origination value.
Applicant Income
Guardians Credit Union lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
Guardians Credit Union lent most frequently to those with DTI ratios of 49%, with 7 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 26 | $2,260,000 | $86,923 | $0 | 8.91% |
| Black | 10 | $980,000 | $98,000 | $0 | 8.74% |
Approval Rates
Total approvals of all applications78.33%
Guardians Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination75.00%
Guardians Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 36 | $3,240,000 | $90,000 |