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 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 by origination volume include: Davenport, Chicago, Des Moines, Danville, and Clinton among others. We have data for 76 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% | 12/4/24 |
| 30 Year Conventional Purchase | 6.33% | 12/4/24 |
| 30 Year Conventional Refi | 6.23% | 12/4/24 |
| 30 Year Cash-out Refi | 6.62% | 12/4/24 |
| 15 Year Conventional Purchase | 6.15% | 12/4/24 |
| 15 Year Conventional Refi | 5.91% | 12/4/24 |
| 15 Year Cash-out Refi | 5.91% | 12/4/24 |
| 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
1,066Origination Dollar Volume (All Markets)
$166,440,000Awards
Vibrant Credit Union - 2021
Vibrant Credit Union is a 2021 , due to their low .
For 2021, 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) | 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, KY (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% |
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Product Mix
For 2021, Vibrant Credit Union's most frequently originated type of loan was Conventional, with 1,055 originations. Their 2nd most popular type was FHA, with 8 originations.
Loan Reason
For 2021, Vibrant Credit Union's most frequently cited loan purpose was Cash Out Refi, with 427 originations. The 2nd most popular reason was Home Purchase, with 320 originations.
Loan Duration/Length
For 2021, Vibrant Credit Union's most frequently cited loan duration was 30 Year, with 523 originations. The 2nd most popular length was 10 Year, with 185 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | 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 |
Vibrant Credit Union's average total fees were $2,219, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,057 originations.
Interest Rates
During 2021, Vibrant Credit Union's average interest rate for loans was 2.94%, while their most frequently originated rate bucket for loans was 2.5-3%, with 416 originations.
Loan Sizing
2021 saw Vibrant Credit Union place emphasis on $100k-200k loans with 427 originations, totaling $61,055,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications99.31%
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 origination91.65%
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 |