Guardians Credit Union Mortgage Rates, Fees & Info
West Palm Beach, FLLEI: 254900T8NVZTD1Q8U318
Tax ID: 59-0947735
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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 The Villages 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.
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 |
|---|---|---|
| 15 Year Conventional Refi | 3.95% | 11/21/24 |
| 15 Year Cash-out Refi | 3.95% | 11/21/24 |
| 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. | ||
Guardians 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
56Origination Dollar Volume (All Markets)
$5,430,000Top 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) | 48 | $4,450,000 | $92,708 | $727 | 7.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 7 | $525,000 | $75,000 | $985 | 7.43% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 7.75% |
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 | 56 | $5,430,000 | $96,964 | $792 | 7.61% |
For 2023, Guardians Credit Union's most frequently originated type of loan was Conventional, with 56 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 34 | $2,680,000 | $78,824 | $0 | 7.53% |
| Other | 22 | $2,750,000 | $125,000 | $792 | 7.73% |
For 2023, Guardians Credit Union's most frequently cited loan purpose was Home Improvement, with 34 originations. The 2nd most popular reason was Other, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 52 | $5,220,000 | $100,385 | $792 | 7.62% |
| 10 Year | 3 | $185,000 | $61,667 | $0 | 7.42% |
| 5 Year | 1 | $25,000 | $25,000 | $0 | 7.25% |
For 2023, Guardians Credit Union's most frequently cited loan duration was 15 Year, with 52 originations. The 2nd most popular length was 10 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 56 | $5,430,000 | $96,964 |
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 56 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 22 | $1,910,000 | $86,818 |
| 7-8% | 18 | $2,100,000 | $116,667 |
| 6-7% | 9 | $565,000 | $62,778 |
| 5-6% | 7 | $855,000 | $122,143 |
During 2023, 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 22 originations.
Loan Sizing
2023 saw Guardians Credit Union place emphasis on $100,000 or less loans with 44 originations, totaling $2,770,000 in origination value.
Applicant Income
Guardians Credit Union lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
Guardians Credit Union lent most frequently to those with DTI ratios of 48%, with 8 originations. The next most common DTI ratio? 50-60%, with 5 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 45 | $4,335,000 | $96,333 | $727 | 7.62% |
| Black | 11 | $1,095,000 | $99,545 | $985 | 7.55% |
Approval Rates
Total approvals of all applications70.71%
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 | 56 | $5,430,000 | $96,964 |