Guardians Credit Union Mortgage Rates, Fees & Info

West Palm Beach, FL

LEI: 254900T8NVZTD1Q8U318

Tax ID: 59-0947735

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

    Guardians Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Guardians Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Port St. Lucie, Sebastian, Atlanta, and Palm Bay among others. We have data for 6 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. Guardians 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 about average 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Refi 3.95% 4/28/24
    15 Year Cash-out Refi 3.95% 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.

    Guardians Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Guardians 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

    112

    Origination Dollar Volume (All Markets)

    $9,790,000

    Awards

    Guardians Credit Union 30 Year Conventional Loans gold
    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
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 94 $8,040,000 $85,532 $2,966 4.75%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 13 $1,025,000 $78,846 $3,281 4.65%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $305,000 $305,000 $2,743 5.50%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $245,000 $245,000 $3,425 4.50%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $120,000 $60,000 $0 4.88%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $55,000 $55,000 $2,685 4.50%
    Guardians Credit Union's top markets include Miami, Port St. Lucie, Sebastian, Atlanta, and Palm Bay among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • 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.

    We Florida Financial
    Similarity Rank: 312
    Natbank
    Similarity Rank: 392
    POWER FINANCIAL
    Similarity Rank: 432
    SOUTH FLORIDA EDUCATIONAL
    Similarity Rank: 836
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 912
    Guardians Credit Union
    Similarity Rank: 948
    Biscayne Bank
    Similarity Rank: 1014
    TrustCo Bank
    Similarity Rank: 1275
    TROPICAL FINANCIAL CREDIT UNION
    Similarity Rank: 1938
    BRIGHTSTAR
    Similarity Rank: 2275

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 112 $9,790,000 $87,411 $2,977 4.75%

    For 2018, Guardians Credit Union's most frequently originated type of loan was Conventional, with 112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 55 $3,565,000 $64,818 $0 4.80%
    Home Improvement 29 $1,525,000 $52,586 $0 4.59%
    Home Purchase 14 $2,290,000 $163,571 $2,583 4.85%
    Cash Out Refi 11 $1,855,000 $168,636 $3,524 4.77%
    Refi 3 $555,000 $185,000 $3,548 4.71%

    For 2018, Guardians Credit Union's most frequently cited loan purpose was Other, with 55 originations. The 2nd most popular reason was Home Improvement, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 69 $5,055,000 $73,261 $3,280 4.80%
    30 Year 19 $3,585,000 $188,684 $2,956 4.93%
    10 Year 17 $875,000 $51,471 $0 4.50%
    5 Year 6 $120,000 $20,000 $0 4.21%
    20 Year 1 $155,000 $155,000 $2,163 5.00%

    For 2018, Guardians Credit Union's most frequently cited loan duration was 15 Year, with 69 originations. The 2nd most popular length was 30 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 104 $8,310,000 $79,904
    $1k-2k 7 $1,335,000 $190,714

    Guardians Credit Union's average total fees were $2,956, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 104 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 86 $7,590,000 $88,256
    5-6% 18 $1,920,000 $106,667
    3-4% 5 $155,000 $31,000
    6-7% 3 $125,000 $41,667

    During 2018, Guardians Credit Union's average interest rate for loans was 4.93%, while their most frequently originated rate bucket for loans was 4-5%, with 86 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 85 $4,715,000 $55,471 $2,820 4.73%
    $100k-200k 16 $2,290,000 $143,125 $2,727 4.75%
    $200k-400k 11 $2,785,000 $253,182 $3,299 4.90%

    2018 saw Guardians Credit Union place emphasis on $100,000 or less loans with 85 originations, totaling $4,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 44 $3,340,000 $75,909 $2,840 4.68%
    $100k-150k 22 $2,350,000 $106,818 $2,683 4.76%
    $50k or less 22 $1,610,000 $73,182 $2,531 4.87%
    $75k-100k 18 $1,720,000 $95,556 $4,032 4.74%
    $150k-250k 6 $770,000 $128,333 $3,692 4.71%

    Guardians Credit Union lent most frequently to those with incomes in the $50k-75k range, with 44 originations. The second most popular income band? $100k-150k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 21 $1,705,000 $81,190 $2,024 4.64%
    30-36% 19 $1,115,000 $58,684 $3,470 4.53%
    49% 10 $910,000 $91,000 $3,277 5.09%
    42% 8 $910,000 $113,750 $3,144 4.81%
    40% 6 $630,000 $105,000 $3,438 5.10%
    47% 6 $650,000 $108,333 $1,791 4.79%
    39% 6 $630,000 $105,000 $2,163 4.88%
    37% 5 $545,000 $109,000 $3,374 4.63%
    41% 4 $170,000 $42,500 $2,628 4.72%
    <20% 4 $270,000 $67,500 $0 4.38%
    43% 4 $470,000 $117,500 $4,158 4.84%
    45% 4 $600,000 $150,000 $3,998 4.63%
    46% 4 $210,000 $52,500 $0 4.88%
    48% 4 $370,000 $92,500 $3,561 4.88%
    38% 3 $245,000 $81,667 $0 4.42%
    36% 3 $315,000 $105,000 $2,714 4.83%
    44% 1 $45,000 $45,000 $0 6.00%

    Guardians Credit Union lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? 30-36%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 72 $5,730,000 $79,583 $2,532 4.66%
    Black 27 $3,325,000 $123,148 $3,421 5.00%
    Not provided 11 $575,000 $52,273 $0 4.80%
    Asian 1 $145,000 $145,000 $0 4.13%
    Native Hawaiian or Islander 1 $15,000 $15,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    76.14%

    Guardians Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    66.96%

    Guardians 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 112 $9,790,000 $87,411

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 112 $9,790,000 $87,411

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $2,965,000 $72,317 $0 4.81%
    40-60% 9 $785,000 $87,222 $2,096 4.51%
    60-80% 15 $2,535,000 $169,000 $3,388 4.77%
    80-100% 12 $2,090,000 $174,167 $2,726 4.82%
    Under 20% 35 $1,415,000 $40,429 $0 4.69%