Vibe Credit Union Mortgage Rates, Fees & Info

Novi, MI

LEI: 5493001XRDEGNB7US825

Tax ID: 38-1497358

5 stars - Updated: 4/5/25 - out of 5 stars, based on 31 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Grand Rapids, and Monroe among others. We have data for 21 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 an above 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 12.38% 4/5/25
    30 Year Conventional Purchase 6.69% 4/5/25
    30 Year Conventional Refi 6.49% 4/5/25
    30 Year Cash-out Refi 6.48% 4/5/25
    15 Year Conventional Purchase 9.02% 4/5/25
    15 Year Conventional Refi 6.00% 4/5/25
    15 Year Cash-out Refi 6.00% 4/5/25
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    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

    935

    Origination Dollar Volume (All Markets)

    $78,115,000

    Awards

    VIBE CREDIT UNION 30 Year Conventional Loans gold VIBE CREDIT UNION 30 Year Conventional Loans silver VIBE CREDIT UNION 30 Year Conventional Loans bronze
    Show all (3) awards

    Relative Rate

    Vibe Credit Union's average 30 year fixed mortgage rate was 6.49%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.06%.

    Relative Fees (Closing Costs)

    Vibe Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,127.

    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 $8,356.

    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) 846 $70,010,000 $82,754 $553 6.87%
    FLINT, MI (FHA|USDA|VA) 25 $1,635,000 $65,400 $725 7.04%
    Outside of Metro Areas 19 $1,545,000 $81,316 $888 6.44%
    ANN ARBOR, MI (FHA|USDA|VA) 14 $1,250,000 $89,286 $631 6.39%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 5 $815,000 $163,000 $1,659 6.67%
    MONROE, MI (FHA|USDA|VA) 3 $445,000 $148,333 $1,795 6.41%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $5,675 6.38%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $300,000 $150,000 $2,056 7.62%
    Danville, KY (FHA|USDA|VA) 1 $295,000 $295,000 $3,608 7.38%
    Alpena, MI (FHA|USDA|VA) 3 $255,000 $85,000 $455 6.29%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $245,000 $245,000 $2,950 6.50%
    Holland, MI (FHA|USDA|VA) 1 $245,000 $245,000 $3,318 7.63%
    JACKSON, MI (FHA|USDA|VA) 3 $155,000 $51,667 $352 7.58%
    NILES, MI (FHA|USDA|VA) 1 $135,000 $135,000 $300 6.50%
    Cadillac, MI (FHA|USDA|VA) 2 $120,000 $60,000 $373 6.50%
    Marquette, MI (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.00%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $70,000 $35,000 $425 6.37%
    Traverse City, MI (FHA|USDA|VA) 1 $65,000 $65,000 $455 7.00%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $60,000 $30,000 $378 8.24%
    Adrian, MI (FHA|USDA|VA) 1 $45,000 $45,000 $455 9.49%
    MUSKEGON, MI (FHA|USDA|VA) 1 $25,000 $25,000 $540 6.00%
    Vibe Credit Union's top markets include Detroit, Flint, Ann Arbor, Grand Rapids, and Monroe among others.

    Their top states include:
  • Michigan (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • 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.

    Polish-American Federal Credit Union
    Similarity Rank: 90
    Dearborn Federal Savings Bank
    Similarity Rank: 100
    MEMBERFOCUS COMMUNITY
    Similarity Rank: 120
    Michigan Legacy Credit Union
    Similarity Rank: 405
    Frankenmuth Credit Union
    Similarity Rank: 432
    Public Service Credit Union
    Similarity Rank: 432
    Extra
    Similarity Rank: 668
    MICHIGAN SCHOOLS AND GOVERNMENT
    Similarity Rank: 704
    SECURITY CREDIT UNION
    Similarity Rank: 768
    VIBE CREDIT UNION
    Similarity Rank: 903

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 704 $56,770,000 $80,639 $596 7.21%
    HELOC 231 $21,345,000 $92,403 n/a 5.80%

    For 2024, Vibe Credit Union's most frequently originated type of loan was Conventional, with 704 originations. Their 2nd most popular type was HELOC, with 231 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 560 $41,180,000 $73,536 $366 6.91%
    Home Improvement 189 $13,805,000 $73,042 $331 6.70%
    Other 94 $6,200,000 $65,957 $307 7.11%
    Home Purchase 87 $16,505,000 $189,713 $2,649 6.61%
    Refi 5 $425,000 $85,000 $1,693 6.70%

    For 2024, Vibe Credit Union's most frequently cited loan purpose was Cash Out Refi, with 560 originations. The 2nd most popular reason was Home Improvement, with 189 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 339 $27,805,000 $82,021 $346 6.32%
    20 Year 329 $26,695,000 $81,140 $326 7.55%
    10 Year 139 $6,295,000 $45,288 $332 6.85%
    30 Year 74 $15,210,000 $205,541 $3,127 6.49%
    5 Year 53 $2,045,000 $38,585 $325 6.45%
    Other 1 $65,000 $65,000 $0 9.50%

    For 2024, Vibe Credit Union's most frequently cited loan duration was 15 Year, with 339 originations. The 2nd most popular length was 20 Year, with 329 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 691 $54,655,000 $79,096
    $1k-2k 2 $450,000 $225,000
    $2k-3k 1 $215,000 $215,000
    $5k+ 1 $455,000 $455,000

    Vibe Credit Union's average total fees were $3,127, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 691 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 348 $32,760,000 $94,138
    7-8% 236 $16,460,000 $69,746
    5-6% 187 $16,495,000 $88,209
    Over 8% 121 $7,735,000 $63,926
    4-5% 43 $4,665,000 $108,488

    During 2024, Vibe Credit Union's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was 6-7%, with 348 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 669 $32,065,000 $47,930 $362 6.95%
    $100k-200k 190 $25,840,000 $136,000 $873 6.75%
    $200k-400k 69 $16,945,000 $245,580 $2,027 6.27%
    $400k-600k 7 $3,265,000 $466,429 $4,095 6.50%

    2024 saw Vibe Credit Union place emphasis on $100,000 or less loans with 669 originations, totaling $32,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 211 $13,825,000 $65,521 $548 6.88%
    $100k-150k 202 $19,740,000 $97,723 $719 6.86%
    $75k-100k 194 $14,950,000 $77,062 $619 7.06%
    $150k-250k 154 $16,960,000 $110,130 $494 6.73%
    $50k or less 133 $6,095,000 $45,827 $480 6.64%
    $250k+ 38 $6,280,000 $165,263 $1,073 6.87%

    Vibe Credit Union lent most frequently to those with incomes in the $50k-75k range, with 211 originations. The second most popular income band? $100k-150k, with 202 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 169 $15,235,000 $90,148 $698 6.64%
    30-36% 161 $12,665,000 $78,665 $669 6.85%
    49% 62 $6,060,000 $97,742 $559 7.34%
    <20% 56 $3,480,000 $62,143 $527 6.01%
    50-60% 50 $3,610,000 $72,200 $330 7.13%
    47% 48 $3,330,000 $69,375 $598 7.33%
    48% 47 $3,685,000 $78,404 $339 7.11%
    44% 40 $4,230,000 $105,750 $781 6.92%
    46% 40 $3,310,000 $82,750 $498 6.87%
    39% 33 $2,995,000 $90,758 $669 6.82%
    43% 33 $3,285,000 $99,545 $678 6.88%
    42% 30 $2,810,000 $93,667 $670 7.00%
    37% 30 $3,110,000 $103,667 $826 6.50%
    38% 29 $2,045,000 $70,517 $302 7.03%
    41% 27 $1,895,000 $70,185 $609 6.96%
    40% 25 $1,805,000 $72,200 $670 6.80%
    36% 25 $2,005,000 $80,200 $321 6.75%
    45% 23 $2,225,000 $96,739 $577 7.23%
    >60% 5 $245,000 $49,000 $308 7.39%

    Vibe Credit Union lent most frequently to those with DTI ratios of 20-30%, with 169 originations. The next most common DTI ratio? 30-36%, with 161 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 681 $58,935,000 $86,542 $623 6.79%
    Black 177 $12,055,000 $68,107 $527 7.07%
    Not provided 53 $4,845,000 $91,415 $568 6.88%
    Asian 9 $1,025,000 $113,889 $319 6.91%
    Asian Indian 4 $510,000 $127,500 $1,256 7.15%
    American Indian 7 $375,000 $53,571 $305 6.89%
    Korean 1 $175,000 $175,000 $815 8.49%
    Filipino 1 $105,000 $105,000 $0 5.49%
    Other Pacific Islander 1 $65,000 $65,000 $300 7.25%
    Other Asian 1 $25,000 $25,000 $300 7.74%

    Approval Rates

    Total approvals of all applications
    91.70%

    Vibe Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.91%

    Vibe Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 935 $78,115,000 $83,545

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    935 $78,115,000 $83,545

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 281 $26,115,000 $92,936 $360 6.94%
    40-60% 72 $8,510,000 $118,194 $457 6.86%
    60-80% 64 $12,050,000 $188,281 $1,637 6.29%
    80-100% 57 $11,215,000 $196,754 $2,637 6.53%
    Over 100% 1 $25,000 $25,000 $330 5.75%
    Under 20% 460 $20,200,000 $43,913 $322 6.93%