Orion Federal Credit Union Mortgage Rates, Fees & Info
Memphis, TNLEI: 254900U2ZPLWQTSD3158
Tax ID: 62-0586328
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Mortgage Data
Review & Overview
Orion Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Orion Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Crestview, San Francisco, San Jose, and Little Rock among others. We have data for 84 markets. (Some data included below & more in-depth data is available with an active subscription.)Orion Federal 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.32% | 4/21/24 |
| 30 Year Conventional Refi | 6.32% | 4/21/24 |
| 30 Year Cash-out Refi | 6.53% | 4/21/24 |
| 30 Year FHA Purchase | 7.30% | 4/21/24 |
| 30 Year FHA Refi | 7.80% | 4/21/24 |
| 30 Year VA Purchase | 6.27% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.35% | 4/21/24 |
| 15 Year Conventional Refi | 6.38% | 4/21/24 |
| 15 Year Cash-out Refi | 6.38% | 4/21/24 |
| 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. | ||
Orion Federal 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
349Origination Dollar Volume (All Markets)
$59,805,000Top 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 |
|---|---|---|---|---|---|
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 170 | $34,120,000 | $200,706 | $0 | 0.00% |
| Outside of Metro Areas | 26 | $3,570,000 | $137,308 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,680,000 | $840,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 7 | $1,485,000 | $212,143 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 10 | $1,460,000 | $146,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 7 | $1,105,000 | $157,857 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $990,000 | $165,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 5 | $655,000 | $131,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $385,000 | $77,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 0.00% |
| Lake City, FL (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
| St. Marys, GA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Altus, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Dayton, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Elk City, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Laurel, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Silver City, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Paris, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Columbus, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| McComb, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| Russellville, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Athens, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Fairmont, WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Orion Federal 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 | 349 | $59,805,000 | $171,361 | $0 | 0.00% |
For 2018, Orion Federal Credit Union's most frequently originated type of loan was Conventional, with 349 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 296 | $49,420,000 | $166,959 | $0 | 0.00% |
| Refi | 30 | $6,710,000 | $223,667 | $0 | 0.00% |
| Cash Out Refi | 23 | $3,675,000 | $159,783 | $0 | 0.00% |
For 2018, Orion Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 296 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 349 | $59,805,000 | $171,361 | $0 | 0.00% |
For 2018, Orion Federal Credit Union's most frequently cited loan duration was Other, with 349 originations.
Loan Sizing
2018 saw Orion Federal Credit Union place emphasis on $100k-200k loans with 168 originations, totaling $24,430,000 in origination value.
Applicant Income
Orion Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 97 originations. The second most popular income band? $100k-150k, with 73 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 349 | $59,805,000 | $171,361 | $0 | 0.00% |
Orion Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 349 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.75%
Orion Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination35.82%
Orion Federal 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 |
|---|---|---|---|
| Exempt | 349 | $59,805,000 | $171,361 |