Wildfire Credit Union Mortgage Rates, Fees & Info
Saginaw, MILEI: 254900TKL128GKFR9C87
Tax ID: 38-0996065
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Mortgage Data
Review & Overview
Wildfire Credit Union is a smaller credit union specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Wildfire Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Saginaw, Midland, Bay City, Detroit, and Flint among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Wildfire 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. Wildfire 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 11/22/24 |
| 30 Year Conventional Refi | 6.31% | 11/22/24 |
| 30 Year Cash-out Refi | 6.45% | 11/22/24 |
| 15 Year Conventional Purchase | 5.84% | 11/22/24 |
| 15 Year Conventional Refi | 5.81% | 11/22/24 |
| 15 Year Cash-out Refi | 5.81% | 11/22/24 |
| 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. | ||
Wildfire Credit Union Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
562Origination Dollar Volume (All Markets)
$60,350,000Awards
Wildfire Credit Union - 2022
Wildfire Credit Union is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| SAGINAW, MI (FHA|USDA|VA) | 198 | $17,900,000 | $90,404 | $1,891 | 4.66% |
| MIDLAND, MI (FHA|USDA|VA) | 112 | $15,450,000 | $137,946 | $2,025 | 4.61% |
| BAY CITY, MI (FHA|USDA|VA) | 139 | $12,955,000 | $93,201 | $1,973 | 4.48% |
| Outside of Metro Areas | 51 | $5,805,000 | $113,824 | $2,131 | 4.41% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 21 | $3,575,000 | $170,238 | $1,870 | 4.58% |
| FLINT, MI (FHA|USDA|VA) | 12 | $1,410,000 | $117,500 | $1,810 | 4.41% |
| Alma, MI (FHA|USDA|VA) | 6 | $790,000 | $131,667 | $2,347 | 5.31% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 6 | $710,000 | $118,333 | $1,819 | 4.60% |
| Ludington, MI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,284 | 4.69% |
| Cadillac, MI (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $1,208 | 5.25% |
| Traverse City, MI (FHA|USDA|VA) | 4 | $280,000 | $70,000 | $2,168 | 3.97% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,706 | 3.38% |
| Big Rapids, MI (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,328 | 5.88% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,425 | 5.50% |
| Adrian, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,215 | 4.88% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 4.75% |
| Alpena, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,012 | 3.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against Wildfire 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 | 395 | $53,095,000 | $134,418 | $1,965 | 4.40% |
| HELOC | 167 | $7,255,000 | $43,443 | n/a | 5.02% |
For 2022, Wildfire Credit Union's most frequently originated type of loan was Conventional, with 395 originations. Their 2nd most popular type was HELOC, with 167 originations.
Loan Reason
For 2022, Wildfire Credit Union's most frequently cited loan purpose was Home Improvement, with 186 originations. The 2nd most popular reason was Cash Out Refi, with 186 originations.
Loan Duration/Length
For 2022, Wildfire Credit Union's most frequently cited loan duration was 30 Year, with 188 originations. The 2nd most popular length was Other, with 165 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 365 | $46,335,000 | $126,945 |
Wildfire Credit Union's average total fees were $2,194, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 365 originations.
Interest Rates
During 2022, Wildfire Credit Union's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 3-4%, with 193 originations.
Loan Sizing
2022 saw Wildfire Credit Union place emphasis on $100,000 or less loans with 329 originations, totaling $16,545,000 in origination value.
Applicant Income
Wildfire Credit Union lent most frequently to those with incomes in the $50k-75k range, with 150 originations. The second most popular income band? $50k or less, with 134 originations.
Applicant Debt to Income Ratio
Wildfire Credit Union lent most frequently to those with DTI ratios of 20-30%, with 139 originations. The next most common DTI ratio? 30-36%, with 116 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.31%
Wildfire Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination87.01%
Wildfire Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 562 | $60,350,000 | $107,384 |