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
  • Complaints
  • 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 Home Improvement and Cash Out Refi loans. Guardians Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Port St. Lucie, Greensboro, The Villages, and Jacksonville among others. We have data for 5 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.

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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

    66

    Origination Dollar Volume (All Markets)

    $6,750,000

    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) 56 $5,590,000 $99,821 $4,234 4.34%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 7 $845,000 $120,714 $3,005 4.46%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $155,000 $155,000 $2,757 3.13%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.75%
    Guardians Credit Union's top markets include Miami, Port St. Lucie, Greensboro, The Villages, and Jacksonville among others.

    Their top states include:
  • Florida (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.

    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 304
    We Florida Financial
    Similarity Rank: 638
    POWER FINANCIAL
    Similarity Rank: 870
    Florida Home Trust Mortgage, Inc.
    Similarity Rank: 2127
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2268
    MIAMI FIREFIGHTERS FCU
    Similarity Rank: 2646
    Chicago Financial Services, Inc.
    Similarity Rank: 2736
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 2976
    GET A RATE LLC
    Similarity Rank: 3094
    CROSSFIRE FINANCIAL NETWORK, INC.
    Similarity Rank: 3135

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $6,750,000 $102,273 $3,871 4.36%

    For 2020, Guardians Credit Union's most frequently originated type of loan was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 29 $1,945,000 $67,069 $1,174 4.66%
    Other 17 $1,095,000 $64,412 $3,768 4.56%
    Cash Out Refi 11 $2,075,000 $188,636 $4,296 4.00%
    Refi 5 $775,000 $155,000 $4,404 3.38%
    Home Purchase 4 $860,000 $215,000 $2,844 3.56%

    For 2020, Guardians Credit Union's most frequently cited loan purpose was Home Improvement, with 29 originations. The 2nd most popular reason was Other, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 38 $3,260,000 $85,789 $3,462 4.50%
    10 Year 12 $740,000 $61,667 $2,573 4.39%
    30 Year 10 $2,200,000 $220,000 $4,504 4.01%
    20 Year 4 $520,000 $130,000 $3,742 3.94%
    5 Year 2 $30,000 $15,000 $0 4.25%

    For 2020, Guardians Credit Union's most frequently cited loan duration was 15 Year, with 38 originations. The 2nd most popular length was 10 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 56 $5,010,000 $89,464
    $1k-2k 5 $795,000 $159,000
    $2k-3k 1 $105,000 $105,000
    $3k-4k 1 $165,000 $165,000
    $4k-5k 1 $225,000 $225,000
    $5k+ 1 $345,000 $345,000

    Guardians Credit Union's average total fees were $4,504, 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
    4-5% 37 $3,065,000 $82,838
    3-4% 16 $2,210,000 $138,125
    5-6% 8 $770,000 $96,250
    2.5-3% 4 $650,000 $162,500
    6-7% 1 $55,000 $55,000

    During 2020, Guardians Credit Union's average interest rate for loans was 4.01%, while their most frequently originated rate bucket for loans was 4-5%, with 37 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 42 $2,310,000 $55,000 $2,430 4.57%
    $100k-200k 16 $2,250,000 $140,625 $3,561 4.08%
    $200k-400k 8 $2,190,000 $273,750 $4,800 3.83%

    2020 saw Guardians Credit Union place emphasis on $100,000 or less loans with 42 originations, totaling $2,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 18 $1,800,000 $100,000 $3,804 4.30%
    $100k-150k 17 $2,125,000 $125,000 $4,527 4.44%
    $50k or less 15 $1,395,000 $93,000 $3,742 4.08%
    $75k-100k 11 $745,000 $67,727 $2,427 4.65%
    $150k-250k 5 $685,000 $137,000 $4,722 4.51%

    Guardians Credit Union lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 12 $870,000 $72,500 $2,529 4.18%
    30-36% 10 $1,190,000 $119,000 $3,407 4.27%
    49% 6 $670,000 $111,667 $3,112 4.27%
    41% 5 $525,000 $105,000 $4,508 4.95%
    44% 5 $1,075,000 $215,000 $4,904 4.53%
    46% 4 $450,000 $112,500 $4,722 4.31%
    37% 4 $240,000 $60,000 $2,644 4.09%
    39% 4 $440,000 $110,000 $4,479 4.44%
    47% 4 $410,000 $102,500 $6,778 4.03%
    50-60% 3 $195,000 $65,000 $0 4.25%
    48% 3 $295,000 $98,333 $4,544 4.58%
    42% 2 $140,000 $70,000 $0 4.50%
    43% 1 $35,000 $35,000 $0 5.96%
    36% 1 $45,000 $45,000 $0 4.25%
    40% 1 $55,000 $55,000 $0 4.50%
    45% 1 $115,000 $115,000 $0 4.25%

    Guardians Credit Union lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? 30-36%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $4,100,000 $113,889 $3,693 4.28%
    Black 16 $1,860,000 $116,250 $4,635 4.33%
    Not provided 11 $665,000 $60,455 $2,721 4.56%
    Not applicable 2 $70,000 $35,000 $0 4.96%
    American Indian 1 $55,000 $55,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    77.48%

    Guardians Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    25.76%

    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 66 $6,750,000 $102,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 66 $6,750,000 $102,273

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $1,185,000 $79,000 $0 4.75%
    40-60% 8 $1,010,000 $126,250 $3,309 3.97%
    60-80% 15 $2,665,000 $177,667 $4,499 3.90%
    80-100% 6 $920,000 $153,333 $2,755 3.94%
    Under 20% 22 $970,000 $44,091 $2,503 4.67%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    GARDEN STATE HOME LOANS INCORPORATED Conventional home mortgage Closing on a mortgage 1 50.0%
    GARDEN STATE HOME LOANS INCORPORATED FHA mortgage Closing on a mortgage 1 50.0%