Vibrant Credit Union Mortgage Rates, Fees & Info

Moline, IL

LEI: 5493001YLK9E8PF87B85

Tax ID: 36-6068452

5 stars - out of 5 stars, based on 33 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Vibrant Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Vibrant Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Davenport, Chicago, Des Moines, Danville, and Clinton among others. Vibrant Credit Union has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Vibrant Credit Union is typically a low fee lendor.


Originations

1,066

Origination Dollar Volume (All Markets)

$166,440,000
Show all (9) awards

Relative Rate

Vibrant Credit Union's average 30 year fixed rate mortgage of loans were 2.94%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.21%.

Relative Fees

Vibrant Credit Union's average total fees for a 30 year fixed rate mortgage are $2,219.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 764 $106,360,000 $139,215 $1,716 2.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 36 $9,460,000 $262,778 $1,845 3.79%
Outside of Metro Areas 33 $5,765,000 $174,697 $2,050 2.75%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 16 $3,570,000 $223,125 $1,781 2.69%
DANVILLE, IL (FHA|USDA|VA) 39 $3,035,000 $77,821 $1,498 2.90%
Clinton, IA (FHA|USDA|VA) 26 $2,890,000 $111,154 $1,704 2.77%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $2,510,000 $627,500 $3,356 2.94%
CEDAR RAPIDS, IA (FHA|USDA|VA) 11 $2,065,000 $187,727 $2,086 2.72%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $1,705,000 $243,571 $2,888 2.73%
IOWA CITY, IA (FHA|USDA|VA) 8 $1,650,000 $206,250 $1,693 2.75%
Sterling, IL (FHA|USDA|VA) 14 $1,640,000 $117,143 $1,539 2.96%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,480,000 $370,000 $3,671 2.72%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,265,000 $1,265,000 $3,262 2.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $8,423 2.13%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $955,000 $318,333 $3,937 3.41%
KNOXVILLE, TN (FHA|USDA|VA) 3 $905,000 $301,667 $2,200 2.38%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $830,000 $415,000 $3,194 2.13%
PEORIA, IL (FHA|USDA|VA) 4 $800,000 $200,000 $2,256 2.50%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $750,000 $375,000 $2,510 2.81%
Ottumwa, IA (FHA|USDA|VA) 1 $725,000 $725,000 $1,689 3.50%
Sandusky, OH (FHA|USDA|VA) 2 $690,000 $345,000 $3,445 3.38%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 3 $655,000 $218,333 $1,409 2.17%
AMES, IA (FHA|USDA|VA) 3 $595,000 $198,333 $1,216 3.17%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $580,000 $290,000 $2,491 2.63%
Galesburg, IL (FHA|USDA|VA) 5 $555,000 $111,000 $1,654 2.90%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $530,000 $265,000 $2,449 2.44%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $530,000 $265,000 $3,402 2.88%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $495,000 $495,000 $4,393 2.63%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 6 $490,000 $81,667 $1,461 3.31%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $480,000 $240,000 $3,202 3.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $465,000 $155,000 $2,532 2.46%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $445,000 $445,000 $2,361 2.49%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $405,000 $405,000 $2,448 2.38%
DUBUQUE, IA (FHA|USDA|VA) 3 $405,000 $135,000 $1,834 3.04%
Ottawa, IL (FHA|USDA|VA) 4 $400,000 $100,000 $1,278 3.56%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $395,000 $395,000 $2,721 2.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $395,000 $395,000 $4,254 2.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $390,000 $195,000 $1,321 2.50%
AMARILLO, TX (FHA|USDA|VA) 1 $375,000 $375,000 $4,031 2.13%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $375,000 $375,000 $4,649 2.00%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $365,000 $365,000 $4,017 2.63%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $355,000 $355,000 $2,337 2.13%
FORT COLLINS, CO (FHA|USDA|VA) 1 $355,000 $355,000 $1,851 2.63%
Muscatine, IA (FHA|USDA|VA) 4 $340,000 $85,000 $2,681 3.38%
Malone, NY (FHA|USDA|VA) 1 $325,000 $325,000 $2,814 2.38%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $305,000 $305,000 $3,555 2.50%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $295,000 $295,000 $2,768 2.63%
Sault Ste. Marie, MI (FHA|USDA|VA) 1 $295,000 $295,000 $2,770 2.38%
SPRINGFIELD, IL (FHA|USDA|VA) 2 $280,000 $140,000 $1,075 3.12%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,332 2.63%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $255,000 $255,000 $3,452 2.38%
ROANOKE, VA (FHA|USDA|VA) 1 $245,000 $245,000 $3,178 2.25%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,207 2.99%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $235,000 $235,000 $2,499 2.50%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $230,000 $115,000 $1,121 3.94%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $215,000 $215,000 $2,744 2.99%
DOTHAN, AL (FHA|USDA|VA) 1 $205,000 $205,000 $2,426 3.25%
Pella, IA (FHA|USDA|VA) 1 $205,000 $205,000 $2,130 2.63%
Platteville, WI (FHA|USDA|VA) 1 $205,000 $205,000 $2,520 2.99%
Rockingham, NC (FHA|USDA|VA) 1 $205,000 $205,000 $445 2.50%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $185,000 $185,000 $2,503 2.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $175,000 $175,000 $1,836 2.25%
TOLEDO, OH (FHA|USDA|VA) 1 $175,000 $175,000 $469 2.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $175,000 $175,000 $324 2.25%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $165,000 $165,000 $364 3.99%
NILES, MI (FHA|USDA|VA) 1 $145,000 $145,000 $1,864 2.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $145,000 $145,000 $2,676 2.75%
ROCHESTER, NY (FHA|USDA|VA) 1 $125,000 $125,000 $2,714 3.13%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $125,000 $125,000 $2,290 2.38%
ALBANY, GA (FHA|USDA|VA) 1 $105,000 $105,000 $2,632 3.13%
Palatka, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,014 2.38%
Hannibal, MO (FHA|USDA|VA) 1 $75,000 $75,000 $1,614 3.13%
ROCKFORD, IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,923 4.00%
Burlington, IA-IL (FHA|USDA|VA) 1 $55,000 $55,000 $412 4.50%
JACKSON, TN (FHA|USDA|VA) 1 $55,000 $55,000 $448 2.25%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $25,000 $25,000 $339 4.49%

Vibrant Credit Union's top markets include Davenport, Chicago, Des Moines, Danville, and Clinton among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,055 $164,585,000 $156,005 $1,772 2.90%
FHA 8 $1,330,000 $166,250 $5,201 2.77%
VA 2 $400,000 $200,000 $4,429 2.63%
USDA 1 $125,000 $125,000 $3,313 2.75%

For the 2021 period, Vibrant Credit Union's most frequently originated loan type of loans were Conventional, with 1,055 originations. Their 2nd most popular type is FHA, with 8 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 427 $59,865,000 $140,199 $1,473 2.97%
Home Purchase 320 $58,750,000 $183,594 $2,325 2.93%
Refi 301 $45,445,000 $150,980 $1,765 2.72%
Home Improvement 11 $1,955,000 $177,727 $1,727 2.83%
Other 7 $425,000 $60,714 $337 4.03%

For the 2021, Vibrant Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 427 originations. The 2nd most popular reason of loans were Home Purchase, with 320 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 523 $97,995,000 $187,371 $2,219 2.94%
10 Year 185 $15,195,000 $82,135 $495 2.95%
15 Year 180 $26,970,000 $149,833 $2,007 2.49%
20 Year 152 $24,280,000 $159,737 $1,906 2.99%
5 Year 20 $1,260,000 $63,000 $389 3.93%
Other 4 $420,000 $105,000 $1,210 3.31%
1 Year 2 $320,000 $160,000 $326 3.50%

For the 2021, Vibrant Credit Union's most frequently cited loan length of loans were 30 Year, with 523 originations. The 2nd most popular length of loans were 10 Year, with 185 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,057 $164,405,000 $155,539
$1k-2k 3 $695,000 $231,667
$2k-3k 1 $365,000 $365,000

$2,219 of loans were Vibrant Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,057 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 416 $70,000,000 $168,269
<2.5% 345 $63,915,000 $185,261
3-4% 246 $27,730,000 $112,724
4-5% 33 $2,255,000 $68,333
5-6% 25 $2,465,000 $98,600
6-7% 1 $75,000 $75,000

During 2021, Vibrant Credit Union's average interest rate of loans were 2.94%, while their most frequently originated rate bucket of loans were 2.5-3%, with 416 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 427 $61,055,000 $142,986 $1,876 2.81%
$100,000 or less 394 $24,290,000 $61,650 $1,369 3.15%
$200k-400k 207 $57,095,000 $275,821 $2,226 2.64%
$400k-600k 27 $12,475,000 $462,037 $2,552 2.56%
$600k-1MM 7 $5,295,000 $756,429 $4,393 3.02%
$1MM+ 4 $6,230,000 $1,557,500 $5,998 2.13%

2021 saw Vibrant Credit Union place emphasis on $100k-200k loans with 427 originations, totaling $61,055,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 249 $28,125,000 $112,952 $1,778 2.84%
$50k or less 225 $19,105,000 $84,911 $1,732 3.00%
$75k-100k 211 $30,465,000 $144,384 $1,703 2.88%
$100k-150k 209 $37,565,000 $179,737 $1,795 2.85%
$150k-250k 124 $31,370,000 $252,984 $1,972 2.87%
$250k+ 35 $16,585,000 $473,857 $2,561 2.93%

Vibrant Credit Union lent most frequently to those with incomes in the $50k-75k range, with 249 originations. The second most popular income band? $50k or less, with 225 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 279 $44,175,000 $158,333 $1,747 2.82%
30-36% 207 $31,235,000 $150,894 $1,694 2.88%
<20% 118 $18,790,000 $159,237 $1,750 2.73%
42% 57 $7,725,000 $135,526 $1,606 2.99%
39% 46 $7,780,000 $169,130 $1,754 2.86%
36% 42 $6,180,000 $147,143 $2,142 3.11%
38% 40 $6,200,000 $155,000 $1,765 2.96%
37% 40 $5,860,000 $146,500 $1,873 2.95%
43% 36 $6,070,000 $168,611 $1,903 2.85%
40% 36 $5,720,000 $158,889 $1,985 2.94%
44% 28 $3,910,000 $139,643 $1,823 3.18%
41% 27 $2,755,000 $102,037 $1,734 3.14%
45% 24 $3,740,000 $155,833 $1,676 3.02%
46% 20 $5,400,000 $270,000 $2,548 2.80%
49% 20 $3,100,000 $155,000 $2,176 2.86%
48% 17 $2,625,000 $154,412 $2,413 2.62%
47% 12 $2,350,000 $195,833 $1,981 2.88%
50-60% 7 $1,295,000 $185,000 $2,409 3.54%
>60% 4 $350,000 $87,500 $1,521 3.44%

Vibrant Credit Union lent most frequently to those with DTI ratios of 20-30%, with 279 originations. The next most common DTI ratio? 30-36%, with 207 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 889 $135,975,000 $152,953 $1,787 2.90%
Not provided 108 $20,100,000 $186,111 $1,899 2.72%
Black 31 $3,175,000 $102,419 $1,811 3.21%
Asian 14 $2,610,000 $186,429 $1,987 2.59%
Asian Indian 7 $1,675,000 $239,286 $1,830 2.73%
American Indian 7 $1,065,000 $152,143 $1,884 2.82%
Not applicable 4 $910,000 $227,500 $0 4.41%
Other Asian 3 $345,000 $115,000 $1,914 2.96%
Chinese 1 $325,000 $325,000 $2,814 2.38%
Native Hawaiian 1 $155,000 $155,000 $2,104 4.75%
Filipino 1 $105,000 $105,000 $2,190 2.38%

Approval Rates

Total approvals of all applications
96.73%

Vibrant Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
92.10%

Vibrant Credit Union has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,066 $166,440,000 $156,135

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,066 $166,440,000 $156,135

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 81 $6,545,000 $80,802 $925 3.23%
40-60% 142 $16,600,000 $116,901 $1,447 2.67%
60-80% 412 $68,620,000 $166,553 $1,913 2.78%
80-100% 373 $72,585,000 $194,598 $2,227 2.82%
Under 20% 57 $1,885,000 $33,070 $416 4.28%