Vibrant Credit Union Mortgage Rates, Fees & Info

Moline, IL

LEI: 5493001YLK9E8PF87B85

Tax ID: 36-6068452

5 stars - Updated: 12/10/23 - out of 5 stars, based on 29 reviews

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

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Mortgage Data

Review & Overview

Vibrant Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Vibrant Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Phoenix, Clinton, Chicago, and Des Moines among others. We have data for 70 markets. (Some data included below & more in-depth data is available with an active subscription.)

Vibrant 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. Vibrant 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) 6.63% 12/10/23
30 Year Conventional Purchase 6.33% 12/10/23
30 Year Conventional Refi 6.23% 12/10/23
30 Year Cash-out Refi 6.62% 12/10/23
15 Year Conventional Purchase 6.15% 12/10/23
15 Year Conventional Refi 5.91% 12/10/23
15 Year Cash-out Refi 5.91% 12/10/23
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.

Vibrant Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Vibrant 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

846

Origination Dollar Volume (All Markets)

$98,690,000
Show all (9) awards

Relative Rate

Vibrant Credit Union's average 30 year fixed mortgage rate was 4.33%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.43%.

Relative Fees (Closing Costs)

Vibrant Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,212.

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 $4,750.

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
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 588 $58,250,000 $99,065 $1,826 4.24%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $5,725,000 $1,145,000 $8,542 3.42%
Outside of Metro Areas 28 $3,570,000 $127,500 $1,840 4.23%
Clinton, IA (FHA|USDA|VA) 38 $3,030,000 $79,737 $1,713 4.51%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 21 $2,905,000 $138,333 $2,924 3.95%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 13 $2,595,000 $199,615 $2,060 4.03%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $1,805,000 $1,805,000 $0 2.25%
Sterling, IL (FHA|USDA|VA) 24 $1,780,000 $74,167 $1,871 4.66%
DANVILLE, IL (FHA|USDA|VA) 27 $1,635,000 $60,556 $1,756 4.24%
IOWA CITY, IA (FHA|USDA|VA) 2 $1,480,000 $740,000 $2,337 3.13%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $1,085,000 $1,085,000 $2,990 3.25%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $965,000 $193,000 $1,436 4.25%
CEDAR RAPIDS, IA (FHA|USDA|VA) 5 $825,000 $165,000 $2,007 3.75%
Muscatine, IA (FHA|USDA|VA) 5 $785,000 $157,000 $1,987 3.33%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $665,000 $665,000 $5,125 4.63%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $545,000 $545,000 $5,686 3.75%
BLOOMINGTON, IL (FHA|USDA|VA) 2 $530,000 $265,000 $2,080 3.81%
AMES, IA (FHA|USDA|VA) 1 $515,000 $515,000 $2,084 3.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $485,000 $485,000 $0 3.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $480,000 $240,000 $2,453 4.06%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $445,000 $445,000 $4,039 2.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $440,000 $110,000 $0 3.75%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 5 $425,000 $85,000 $974 4.70%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $420,000 $210,000 $1,691 3.93%
PEORIA, IL (FHA|USDA|VA) 4 $380,000 $95,000 $2,218 4.91%
TERRE HAUTE, IN (FHA|USDA|VA) 5 $355,000 $71,000 $1,100 4.40%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $335,000 $111,667 $705 4.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $330,000 $165,000 $3,483 4.63%
Ottawa, IL (FHA|USDA|VA) 5 $315,000 $63,000 $1,110 4.05%
KANKAKEE, IL (FHA|USDA|VA) 1 $295,000 $295,000 $2,152 3.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $265,000 $265,000 $2,596 4.63%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.00%
Mason City, IA (FHA|USDA|VA) 1 $245,000 $245,000 $2,140 3.50%
LOUISVILLE, KY (FHA|USDA|VA) 1 $245,000 $245,000 $1,647 3.63%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $235,000 $235,000 $0 4.75%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.88%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,497 6.25%
Dayton, TN (FHA|USDA|VA) 1 $215,000 $215,000 $3,191 4.99%
FARMINGTON, NM (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.75%
Pella, IA (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.75%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.25%
Jefferson, GA (FHA|USDA|VA) 1 $185,000 $185,000 $3,028 3.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.25%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $155,000 $155,000 $2,436 6.75%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $145,000 $145,000 $1,950 3.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.25%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $135,000 $135,000 $1,953 6.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
Platteville, WI (FHA|USDA|VA) 3 $105,000 $35,000 $0 4.00%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $100,000 $50,000 $0 4.13%
ROANOKE, VA (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.50%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $95,000 $95,000 $2,323 4.13%
Whitewater, WI (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.25%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.75%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,612 3.88%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $85,000 $85,000 $1,383 5.25%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.75%
Grenada, MS (FHA|USDA|VA) 1 $75,000 $75,000 $2,412 4.38%
GAINESVILLE, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 2.75%
Freeport, IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,313 8.50%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%
DUBUQUE, IA (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.63%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $45,000 $45,000 $1,717 3.75%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.50%
Macomb, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.75%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.50%
Vidalia, GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.75%
Vibrant Credit Union's top markets include Davenport, Phoenix, Clinton, Chicago, and Des Moines among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Vibrant Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
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    VisionBank of Iowa
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    Longview Bank & Trust
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    Liberty Bank for Savings
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    DuTrac Community Credit Union
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    R.I.A. Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 532 $80,330,000 $150,996 $1,911 4.20%
    HELOC 314 $18,360,000 $58,471 n/a 4.32%

    For 2022, Vibrant Credit Union's most frequently originated type of loan was Conventional, with 532 originations. Their 2nd most popular type was HELOC, with 314 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 236 $45,980,000 $194,831 $2,312 4.44%
    Cash Out Refi 214 $22,370,000 $104,533 $1,664 4.08%
    Refi 210 $18,390,000 $87,571 $1,700 4.23%
    Home Improvement 182 $11,730,000 $64,451 $1,160 4.21%
    Other 4 $220,000 $55,000 $950 3.91%

    For 2022, Vibrant Credit Union's most frequently cited loan purpose was Home Purchase, with 236 originations. The 2nd most popular reason was Cash Out Refi, with 214 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 340 $62,270,000 $183,147 $2,212 4.33%
    15 Year 192 $14,190,000 $73,906 $2,089 4.93%
    5 Year 186 $11,150,000 $59,946 $341 3.54%
    10 Year 85 $5,865,000 $69,000 $585 3.99%
    20 Year 38 $4,940,000 $130,000 $2,032 3.83%
    Other 4 $240,000 $60,000 $2,160 5.50%
    1 Year 1 $35,000 $35,000 $0 5.00%

    For 2022, Vibrant Credit Union's most frequently cited loan duration was 30 Year, with 340 originations. The 2nd most popular length was 15 Year, with 192 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 511 $77,655,000 $151,967
    $1k-2k 2 $300,000 $150,000
    $5k+ 2 $530,000 $265,000
    $2k-3k 1 $225,000 $225,000

    Vibrant Credit Union's average total fees were $2,212, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 511 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 274 $40,740,000 $148,686
    4-5% 230 $21,020,000 $91,391
    2.5-3% 149 $14,915,000 $100,101
    5-6% 90 $8,750,000 $97,222
    6-7% 68 $5,520,000 $81,176
    <2.5% 19 $6,015,000 $316,579
    7-8% 10 $1,230,000 $123,000
    Over 8% 6 $500,000 $83,333

    During 2022, Vibrant Credit Union's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 3-4%, with 274 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 515 $26,615,000 $51,680 $1,559 4.32%
    $100k-200k 219 $30,335,000 $138,516 $1,963 4.27%
    $200k-400k 92 $23,280,000 $253,043 $2,423 3.96%
    $400k-600k 10 $4,940,000 $494,000 $3,288 3.59%
    $1MM+ 5 $9,625,000 $1,925,000 $5,923 3.15%
    $600k-1MM 5 $3,895,000 $779,000 $3,135 3.28%

    2022 saw Vibrant Credit Union place emphasis on $100,000 or less loans with 515 originations, totaling $26,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 222 $19,090,000 $85,991 $1,794 4.36%
    $100k-150k 177 $22,905,000 $129,407 $2,059 4.35%
    $50k or less 167 $10,755,000 $64,401 $1,677 4.15%
    $75k-100k 149 $15,295,000 $102,651 $2,015 4.23%
    $150k-250k 75 $11,525,000 $153,667 $1,949 3.96%
    $250k+ 30 $16,020,000 $534,000 $3,166 3.95%

    Vibrant Credit Union lent most frequently to those with incomes in the $50k-75k range, with 222 originations. The second most popular income band? $100k-150k, with 177 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 224 $22,750,000 $101,563 $1,851 4.14%
    30-36% 140 $15,560,000 $111,143 $1,813 4.22%
    <20% 80 $8,410,000 $105,125 $1,923 3.93%
    50-60% 42 $12,700,000 $302,381 $2,498 4.22%
    39% 35 $3,635,000 $103,857 $2,081 4.37%
    43% 32 $3,600,000 $112,500 $2,145 4.42%
    36% 29 $2,955,000 $101,897 $2,024 4.43%
    44% 29 $2,405,000 $82,931 $1,763 4.56%
    45% 27 $2,355,000 $87,222 $1,799 4.42%
    40% 26 $2,980,000 $114,615 $2,535 3.87%
    41% 25 $4,545,000 $181,800 $1,919 4.36%
    37% 25 $2,775,000 $111,000 $1,732 4.07%
    38% 25 $2,685,000 $107,400 $1,843 4.70%
    42% 20 $1,510,000 $75,500 $1,587 4.36%
    49% 19 $1,995,000 $105,000 $1,883 3.87%
    46% 16 $1,600,000 $100,000 $1,975 5.10%
    48% 12 $1,660,000 $138,333 $1,540 3.65%
    47% 10 $1,660,000 $166,000 $2,027 4.19%
    >60% 10 $860,000 $86,000 $2,215 4.80%

    Vibrant Credit Union lent most frequently to those with DTI ratios of 20-30%, with 224 originations. The next most common DTI ratio? 30-36%, with 140 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 708 $83,450,000 $117,867 $1,933 4.19%
    Not provided 76 $8,200,000 $107,895 $1,653 4.62%
    Black 24 $2,220,000 $92,500 $1,748 4.38%
    Asian 11 $1,515,000 $137,727 $1,949 3.66%
    American Indian 11 $1,475,000 $134,091 $1,999 4.18%
    Not applicable 13 $1,325,000 $101,923 $0 4.96%
    Asian Indian 1 $205,000 $205,000 $4,933 3.25%
    Native Hawaiian or Islander 1 $155,000 $155,000 $2,025 6.75%
    Other Asian 1 $145,000 $145,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    99.15%

    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
    90.31%

    Vibrant Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 846 $98,690,000 $116,655

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    846 $98,690,000 $116,655

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 167 $11,595,000 $69,431 $1,146 4.46%
    40-60% 111 $12,095,000 $108,964 $1,733 4.24%
    60-80% 204 $28,540,000 $139,902 $2,000 4.07%
    80-100% 195 $39,875,000 $204,487 $2,270 4.30%
    Under 20% 168 $6,460,000 $38,452 $461 4.17%