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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.63% | 4/28/24 |
| 30 Year Conventional Purchase | 6.33% | 4/28/24 |
| 30 Year Conventional Refi | 6.23% | 4/28/24 |
| 30 Year Cash-out Refi | 6.62% | 4/28/24 |
| 15 Year Conventional Purchase | 6.15% | 4/28/24 |
| 15 Year Conventional Refi | 5.91% | 4/28/24 |
| 15 Year Cash-out Refi | 5.91% | 4/28/24 |
| 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
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
846Origination Dollar Volume (All Markets)
$98,690,000Awards
Vibrant Credit Union - 2022
Vibrant Credit Union is a 2022 , due to their low .
For 2022, 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) | 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% |
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.
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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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications99.15%
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 origination90.31%
Vibrant Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 846 | $98,690,000 | $116,655 |