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, The Villages, Jacksonville, and Orlando 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.
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
63Origination Dollar Volume (All Markets)
$5,535,000Top 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) | 49 | $3,995,000 | $81,531 | $564 | 4.93% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 10 | $960,000 | $96,000 | $0 | 4.91% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 5.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.75% |
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 | 63 | $5,535,000 | $87,857 | $564 | 4.94% |
For 2022, Guardians Credit Union's most frequently originated type of loan was Conventional, with 63 originations.
Loan Reason
For 2022, Guardians Credit Union's most frequently cited loan purpose was Home Improvement, with 42 originations. The 2nd most popular reason was Other, with 19 originations.
Loan Duration/Length
For 2022, Guardians Credit Union's most frequently cited loan duration was 15 Year, with 57 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 | 62 | $5,420,000 | $87,419 |
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 62 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 39 | $3,455,000 | $88,590 |
| 5-6% | 22 | $1,680,000 | $76,364 |
| 3-4% | 1 | $305,000 | $305,000 |
| 6-7% | 1 | $95,000 | $95,000 |
During 2022, 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 39 originations.
Loan Sizing
2022 saw Guardians Credit Union place emphasis on $100,000 or less loans with 47 originations, totaling $2,915,000 in origination value.
Applicant Income
Guardians Credit Union lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 15 originations.
Applicant Debt to Income Ratio
Guardians Credit Union lent most frequently to those with DTI ratios of 50-60%, with 9 originations. The next most common DTI ratio? 20-30%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.61%
Guardians Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination87.30%
Guardians Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 63 | $5,535,000 | $87,857 |