Vibe Credit Union Mortgage Rates, Fees & Info
Novi, MILEI: 5493001XRDEGNB7US825
Tax ID: 38-1497358
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Mortgage Data
Review & Overview
Vibe Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Vibe Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Detroit, Flint, Ann Arbor, Traverse City, and Monroe among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Vibe Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Vibe 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 relatively high 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 | 6.48% | 12/4/24 |
30 Year Conventional Refi | 6.41% | 12/4/24 |
30 Year Cash-out Refi | 6.62% | 12/4/24 |
15 Year Conventional Purchase | 5.36% | 12/4/24 |
15 Year Conventional Refi | 6.05% | 12/4/24 |
15 Year Cash-out Refi | 6.05% | 12/4/24 |
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. |
Vibe Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Vibe 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
730Origination Dollar Volume (All Markets)
$59,300,000VIBE CREDIT UNION - 2023
VIBE CREDIT UNION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Vibe Credit Union's average 30 year fixed mortgage rate was
6.22%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.26%.
Relative Fees (Closing Costs)
Vibe Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,113.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
---|---|---|---|---|---|
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 656 | $50,460,000 | $76,921 | $968 | 6.73% |
FLINT, MI (FHA|USDA|VA) | 20 | $2,220,000 | $111,000 | $2,265 | 6.63% |
ANN ARBOR, MI (FHA|USDA|VA) | 14 | $2,160,000 | $154,286 | $2,665 | 6.47% |
Outside of Metro Areas | 13 | $1,355,000 | $104,231 | $699 | 6.38% |
Traverse City, MI (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,448 | 5.75% |
MONROE, MI (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $2,796 | 7.18% |
PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,650 | 5.75% |
SAGINAW, MI (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $2,429 | 6.50% |
JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,047 | 7.13% |
NILES, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,559 | 7.00% |
CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,736 | 6.63% |
BATTLE CREEK, MI (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,477 | 6.81% |
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $433 | 6.59% |
MIDLAND, MI (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $300 | 7.49% |
JACKSON, MI (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $300 | 6.37% |
Hillsdale, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,074 | 5.38% |
LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,821 | 6.38% |
Adrian, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $455 | 7.49% |
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $425 | 6.74% |
Ludington, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $970 | 6.49% |
Similar Lenders
We use machine learning to identify the top lenders compared against VIBE CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 15
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Similarity Rank: 483
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 730 | $59,300,000 | $81,233 | $1,100 | 6.72% |
For 2023, Vibe Credit Union's most frequently originated type of loan was Conventional, with 730 originations.
Loan Reason
For 2023, Vibe Credit Union's most frequently cited loan purpose was Cash Out Refi, with 586 originations. The 2nd most popular reason was Home Purchase, with 65 originations.
Loan Duration/Length
For 2023, Vibe Credit Union's most frequently cited loan duration was 20 Year, with 352 originations. The 2nd most popular length was 10 Year, with 130 originations.
Origination Fees/Closing Costs
Vibe Credit Union's average total fees were $4,113, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 334 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 236 | $17,430,000 | $73,856 |
5-6% | 219 | $23,405,000 | $106,872 |
7-8% | 210 | $13,940,000 | $66,381 |
Over 8% | 56 | $3,610,000 | $64,464 |
4-5% | 9 | $915,000 | $101,667 |
During 2023, Vibe Credit Union's average interest rate for loans was 6.22%, while their most frequently originated rate bucket for loans was 6-7%, with 236 originations.
Loan Sizing
2023 saw Vibe Credit Union place emphasis on $100,000 or less loans with 558 originations, totaling $26,370,000 in origination value.
Applicant Income
Vibe Credit Union lent most frequently to those with incomes in the $50k-75k range, with 173 originations. The second most popular income band? $100k-150k, with 171 originations.
Applicant Debt to Income Ratio
Vibe Credit Union lent most frequently to those with DTI ratios of 20-30%, with 151 originations. The next most common DTI ratio? 30-36%, with 151 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.88%
Vibe Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination77.12%
Vibe Credit Union has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 730 | $59,300,000 | $81,233 |