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 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.
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
30Origination Dollar Volume (All Markets)
$2,400,000Top 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) | 25 | $2,035,000 | $81,400 | $0 | 4.40% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $0 | 4.81% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.77% |
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 | 30 | $2,400,000 | $80,000 | $0 | 4.43% |
For 2021, Guardians Credit Union's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 24 | $1,800,000 | $75,000 | $0 | 4.49% |
| Other | 5 | $355,000 | $71,000 | $0 | 4.30% |
| Refi | 1 | $245,000 | $245,000 | $0 | 3.86% |
For 2021, Guardians Credit Union's most frequently cited loan purpose was Home Improvement, with 24 originations. The 2nd most popular reason was Other, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 25 | $2,125,000 | $85,000 | $0 | 4.47% |
| 10 Year | 4 | $220,000 | $55,000 | $0 | 4.31% |
| 5 Year | 1 | $55,000 | $55,000 | $0 | 4.00% |
For 2021, Guardians Credit Union's most frequently cited loan duration was 15 Year, with 25 originations. The 2nd most popular length was 10 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 30 | $2,400,000 | $80,000 |
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 30 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 16 | $1,190,000 | $74,375 |
| 3-4% | 10 | $1,000,000 | $100,000 |
| 5-6% | 4 | $210,000 | $52,500 |
During 2021, Guardians Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 16 originations.
Loan Sizing
2021 saw Guardians Credit Union place emphasis on $100,000 or less loans with 26 originations, totaling $1,640,000 in origination value.
Applicant Income
Guardians Credit Union lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
Guardians Credit Union lent most frequently to those with DTI ratios of 30-36%, with 5 originations. The next most common DTI ratio? <20%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.34%
Guardians Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination86.67%
Guardians Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 30 | $2,400,000 | $80,000 |