Vibe Credit Union Mortgage Rates, Fees & Info

Novi, MI

LEI: 5493001XRDEGNB7US825

Tax ID: 38-1497358

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Refi and Cash Out Refi loans. Vibe Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Detroit, Flint, Ann Arbor, Chicago, and Grand Rapids among others. We have data for 27 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.48% 11/23/24
    30 Year Conventional Refi 6.41% 11/23/24
    30 Year Cash-out Refi 6.62% 11/23/24
    15 Year Conventional Purchase 5.36% 11/23/24
    15 Year Conventional Refi 6.05% 11/23/24
    15 Year Cash-out Refi 6.05% 11/23/24
    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

    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

    943

    Origination Dollar Volume (All Markets)

    $137,585,000

    Awards

    VIBE CREDIT UNION 30 Year Conventional Loans gold VIBE CREDIT UNION 30 Year Conventional Loans gold VIBE CREDIT UNION 30 Year Conventional Loans gold VIBE CREDIT UNION 30 Year Conventional Loans gold
    Show all (4) awards

    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) 801 $117,265,000 $146,398 $1,409 3.44%
    Outside of Metro Areas 63 $7,465,000 $118,492 $1,293 3.29%
    FLINT, MI (FHA|USDA|VA) 30 $4,400,000 $146,667 $1,505 3.22%
    ANN ARBOR, MI (FHA|USDA|VA) 13 $1,905,000 $146,538 $1,441 3.30%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,495,000 $299,000 $2,496 2.85%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $1,090,000 $272,500 $1,140 3.54%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 4 $530,000 $132,500 $1,422 2.91%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $415,000 $415,000 $3,907 3.00%
    Adrian, MI (FHA|USDA|VA) 2 $400,000 $200,000 $2,871 3.13%
    BAY CITY, MI (FHA|USDA|VA) 1 $315,000 $315,000 $2,133 3.50%
    MONROE, MI (FHA|USDA|VA) 2 $290,000 $145,000 $2,230 3.44%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $215,000 $215,000 $2,025 2.88%
    Traverse City, MI (FHA|USDA|VA) 2 $210,000 $105,000 $1,133 2.69%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $195,000 $195,000 $4,655 3.00%
    JACKSON, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,170 3.50%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $175,000 $175,000 $2,583 3.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,080 3.25%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,489 3.13%
    Mount Pleasant, MI (FHA|USDA|VA) 1 $135,000 $135,000 $1,742 2.63%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,280 3.00%
    Big Rapids, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,160 2.63%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $85,000 $85,000 $535 3.09%
    MIDLAND, MI (FHA|USDA|VA) 1 $65,000 $65,000 $1,660 3.25%
    Houghton, MI (FHA|USDA|VA) 1 $55,000 $55,000 $535 3.89%
    OCALA, FL (FHA|USDA|VA) 1 $45,000 $45,000 $1,665 2.38%
    Alpena, MI (FHA|USDA|VA) 1 $45,000 $45,000 $499 3.39%
    Arcadia, FL (FHA|USDA|VA) 1 $35,000 $35,000 $1,836 3.75%
    Vibe Credit Union's top markets include Detroit, Flint, Ann Arbor, Chicago, and Grand Rapids among others.

    Their top states include:
  • Michigan (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Minnesota (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.

    ADVANTAGE ONE Credit Union
    Similarity Rank: 287
    St James Mortgage Corporation
    Similarity Rank: 408
    Polish-American Federal Credit Union
    Similarity Rank: 434
    SECURITY CREDIT UNION
    Similarity Rank: 441
    BIRMINGHAM-BLOOMFIELD Credit Union
    Similarity Rank: 472
    PFCU
    Similarity Rank: 588
    T&I Credit union
    Similarity Rank: 660
    Preston Home Loans Inc
    Similarity Rank: 1192
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 1280
    Extra
    Similarity Rank: 1386

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 943 $137,585,000 $145,901 $1,428 3.41%

    For 2020, Vibe Credit Union's most frequently originated type of loan was Conventional, with 943 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 490 $75,760,000 $154,612 $1,355 3.30%
    Cash Out Refi 236 $33,870,000 $143,517 $1,321 3.43%
    Home Purchase 131 $21,315,000 $162,710 $2,286 3.36%
    Home Improvement 80 $6,280,000 $78,500 $848 4.08%
    Other 6 $360,000 $60,000 $522 3.97%

    For 2020, Vibe Credit Union's most frequently cited loan purpose was Refi, with 490 originations. The 2nd most popular reason was Cash Out Refi, with 236 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 305 $58,365,000 $191,361 $2,081 3.33%
    15 Year 256 $37,930,000 $148,164 $1,373 3.14%
    20 Year 220 $27,840,000 $126,545 $980 4.02%
    10 Year 123 $11,795,000 $95,894 $955 3.18%
    5 Year 37 $1,535,000 $41,486 $679 3.15%
    Other 2 $120,000 $60,000 $511 3.29%

    For 2020, Vibe Credit Union's most frequently cited loan duration was 30 Year, with 305 originations. The 2nd most popular length was 15 Year, with 256 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 897 $130,455,000 $145,435
    $1k-2k 14 $1,950,000 $139,286
    $2k-3k 8 $1,050,000 $131,250
    $3k-4k 5 $915,000 $183,000
    $4k-5k 5 $925,000 $185,000
    $5k+ 1 $95,000 $95,000

    Vibe Credit Union's average total fees were $2,081, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 897 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 437 $68,455,000 $156,648
    2.5-3% 322 $52,850,000 $164,130
    4-5% 82 $6,710,000 $81,829
    <2.5% 47 $6,815,000 $145,000
    5-6% 36 $1,840,000 $51,111
    6-7% 19 $915,000 $48,158

    During 2020, Vibe Credit Union's average interest rate for loans was 3.33%, while their most frequently originated rate bucket for loans was 3-4%, with 437 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 385 $57,035,000 $148,143 $1,578 3.17%
    $100,000 or less 332 $18,410,000 $55,452 $912 3.86%
    $200k-400k 210 $53,930,000 $256,810 $1,879 3.16%
    $400k-600k 12 $5,520,000 $460,000 $2,422 3.10%
    $600k-1MM 4 $2,690,000 $672,500 $2,904 3.69%

    2020 saw Vibe Credit Union place emphasis on $100k-200k loans with 385 originations, totaling $57,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 242 $28,620,000 $118,264 $1,354 3.52%
    $100k-150k 234 $39,210,000 $167,564 $1,467 3.35%
    $75k-100k 179 $24,405,000 $136,341 $1,423 3.42%
    $150k-250k 129 $25,805,000 $200,039 $1,571 3.32%
    $50k or less 129 $11,225,000 $87,016 $1,237 3.43%
    $250k+ 25 $7,505,000 $300,200 $2,061 3.19%

    Vibe Credit Union lent most frequently to those with incomes in the $50k-75k range, with 242 originations. The second most popular income band? $100k-150k, with 234 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 191 $30,675,000 $160,602 $1,503 3.28%
    30-36% 138 $20,980,000 $152,029 $1,644 3.40%
    <20% 82 $12,110,000 $147,683 $1,358 3.11%
    37% 17 $2,465,000 $145,000 $1,363 3.82%
    41% 16 $2,780,000 $173,750 $1,453 3.57%
    42% 16 $2,410,000 $150,625 $1,183 3.52%
    36% 16 $2,580,000 $161,250 $1,427 3.34%
    39% 16 $2,240,000 $140,000 $1,290 3.44%
    40% 16 $1,750,000 $109,375 $1,038 3.52%
    43% 16 $2,740,000 $171,250 $1,353 3.51%
    38% 15 $2,005,000 $133,667 $1,794 3.68%
    44% 15 $2,425,000 $161,667 $1,647 3.49%
    49% 14 $1,680,000 $120,000 $1,099 3.85%
    45% 14 $1,920,000 $137,143 $1,090 3.40%
    47% 11 $1,515,000 $137,727 $1,298 3.96%
    46% 11 $955,000 $86,818 $1,368 3.64%
    48% 10 $1,490,000 $149,000 $1,295 3.61%
    50-60% 2 $280,000 $140,000 $1,989 2.81%
    >60% 1 $65,000 $65,000 $810 5.79%

    Vibe Credit Union lent most frequently to those with DTI ratios of 20-30%, with 191 originations. The next most common DTI ratio? 30-36%, with 138 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 818 $119,700,000 $146,333 $1,412 3.41%
    Black 91 $12,185,000 $133,901 $1,557 3.55%
    Not provided 20 $3,280,000 $164,000 $1,265 3.23%
    Asian 6 $1,090,000 $181,667 $1,687 3.48%
    American Indian 5 $845,000 $169,000 $1,987 3.03%
    Asian Indian 2 $330,000 $165,000 $1,505 2.64%
    Vietnamese 1 $155,000 $155,000 $1,380 2.63%

    Approval Rates

    Total approvals of all applications
    94.93%

    Vibe Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.99%

    Vibe Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 943 $137,585,000 $145,901

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 942 $137,520,000 $145,987

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 86 $6,910,000 $80,349 $996 3.72%
    40-60% 125 $18,615,000 $148,920 $1,426 3.08%
    60-80% 231 $44,455,000 $192,446 $1,653 3.21%
    80-100% 116 $20,920,000 $180,345 $1,900 3.40%
    Under 20% 61 $2,295,000 $37,623 $615 4.18%