Vibrant Credit Union Mortgage Rates, Fees & Info
Moline, ILLEI: 5493001YLK9E8PF87B85
Tax ID: 36-6068452
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Mortgage Data
Review & Overview
Vibrant Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, 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 by origination volume include: Davenport, Clinton, Chicago, Danville, and Sterling among others. We have data for 64 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.63% | 4/18/24 |
| 30 Year Conventional Purchase | 6.33% | 4/18/24 |
| 30 Year Conventional Refi | 6.23% | 4/18/24 |
| 30 Year Cash-out Refi | 6.62% | 4/18/24 |
| 15 Year Conventional Purchase | 6.15% | 4/18/24 |
| 15 Year Conventional Refi | 5.91% | 4/18/24 |
| 15 Year Cash-out Refi | 5.91% | 4/18/24 |
| 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. | ||
Vibrant Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,262Origination Dollar Volume (All Markets)
$157,760,000Awards
Vibrant Credit Union - 2019
Vibrant Credit Union is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 960 | $114,480,000 | $119,250 | $1,852 | 4.23% |
| Clinton, IA (FHA|USDA|VA) | 35 | $4,665,000 | $133,286 | $2,384 | 4.28% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 27 | $3,825,000 | $141,667 | $2,347 | 3.75% |
| DANVILLE, IL (FHA|USDA|VA) | 46 | $3,290,000 | $71,522 | $1,624 | 4.39% |
| Outside of Metro Areas | 27 | $3,285,000 | $121,667 | $1,996 | 4.41% |
| Sterling, IL (FHA|USDA|VA) | 27 | $2,875,000 | $106,481 | $1,851 | 4.14% |
| Muscatine, IA (FHA|USDA|VA) | 9 | $2,385,000 | $265,000 | $2,000 | 3.96% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 10 | $1,600,000 | $160,000 | $2,017 | 3.96% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 10 | $1,470,000 | $147,000 | $1,652 | 4.08% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $3,594 | 4.15% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $1,210,000 | $201,667 | $2,693 | 3.46% |
| DUBUQUE, IA (FHA|USDA|VA) | 8 | $1,050,000 | $131,250 | $1,687 | 4.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $1,966 | 3.33% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $3,106 | 3.75% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $2,709 | 4.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $2,101 | 3.31% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $1,758 | 3.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $3,284 | 4.08% |
| MADISON, WI (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $1,910 | 3.08% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,713 | 3.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,737 | 4.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,995 | 3.81% |
| IOWA CITY, IA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $2,189 | 4.21% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,512 | 4.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,581 | 3.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,127 | 3.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $1,901 | 3.25% |
| Ottawa, IL (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $2,805 | 3.69% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,659 | 3.88% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,925 | 4.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,839 | 4.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,331 | 3.13% |
| RENO, NV (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $1,444 | 5.06% |
| PEORIA, IL (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $2,091 | 5.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,915 | 3.25% |
| Burlington, IA-IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,070 | 3.56% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,502 | 3.13% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,103 | 2.88% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,127 | 4.13% |
| Platteville, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,887 | 3.38% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,084 | 4.13% |
| Seneca, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,776 | 3.38% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 4 | $190,000 | $47,500 | $1,148 | 5.28% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,585 | 4.56% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,445 | 4.88% |
| Lake City, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,839 | 3.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,968 | 4.38% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $511 | 5.92% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,036 | 4.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.00% |
| Galesburg, IL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,897 | 4.19% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,805 | 4.75% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,973 | 4.63% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,088 | 4.13% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,496 | 3.25% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $329 | 4.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,568 | 3.38% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $285 | 4.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,824 | 3.88% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,976 | 3.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $318 | 5.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $322 | 5.50% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.50% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $734 | 6.00% |
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Product Mix
For 2019, Vibrant Credit Union's most frequently originated type of loan was Conventional, with 1,189 originations. Their 2nd most popular type was FHA, with 35 originations.
Loan Reason
For 2019, Vibrant Credit Union's most frequently cited loan purpose was Home Purchase, with 389 originations. The 2nd most popular reason was Cash Out Refi, with 381 originations.
Loan Duration/Length
For 2019, Vibrant Credit Union's most frequently cited loan duration was 30 Year, with 642 originations. The 2nd most popular length was 5 Year, with 268 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,021 | $144,155,000 | $141,190 |
| $1k-2k | 12 | $2,200,000 | $183,333 |
| $2k-3k | 3 | $505,000 | $168,333 |
| $3k-4k | 3 | $775,000 | $258,333 |
Vibrant Credit Union's average total fees were $2,272, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,021 originations.
Interest Rates
During 2019, Vibrant Credit Union's average interest rate for loans was 3.87%, while their most frequently originated rate bucket for loans was 3-4%, with 530 originations.
Loan Sizing
2019 saw Vibrant Credit Union place emphasis on $100,000 or less loans with 634 originations, totaling $31,680,000 in origination value.
Applicant Income
Vibrant Credit Union lent most frequently to those with incomes in the $50k-75k range, with 311 originations. The second most popular income band? $50k or less, with 280 originations.
Applicant Debt to Income Ratio
Vibrant Credit Union lent most frequently to those with DTI ratios of 20-30%, with 331 originations. The next most common DTI ratio? 30-36%, with 245 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.94%
Vibrant Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.19%
Vibrant Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,262 | $157,760,000 | $125,008 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,262 | $157,760,000 | $125,008 |