Clark County Credit Union Mortgage Rates, Fees & Info

LAS VEGAS, NV

LEI: 5493002HQBP2ODIIFH94

Tax ID: 88-0065951

5 stars - Updated: 6/17/24 - out of 5 stars, based on 27 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Clark County Credit Union is a smaller credit union specializing in Other, Home Improvement, and Home Purchase loans. Clark County Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Clark County Credit Union has a low ratio of conventional loans. Their top markets by origination volume include: Las Vegas, Pahrump, and Reno among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Clark County Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Clark County Credit Union is typically an average 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 relatively high 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 6/17/24
30 Year Conventional Purchase 5.76% 6/17/24
30 Year Conventional Refi 6.47% 6/17/24
30 Year Cash-out Refi 6.52% 6/17/24
30 Year FHA Purchase 7.12% 6/17/24
30 Year VA Purchase 6.16% 6/17/24
15 Year Conventional Purchase 7.45% 6/17/24
15 Year Conventional Refi 6.48% 6/17/24
15 Year Cash-out Refi 6.48% 6/17/24
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.

Clark County Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Clark County 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

706

Origination Dollar Volume (All Markets)

$80,080,000

Awards

CLARK COUNTY CREDIT UNION 30 Year Conventional Loans gold CLARK COUNTY CREDIT UNION 30 Year Conventional Loans silver CLARK COUNTY CREDIT UNION FHA Loans gold
Show all (3) awards

Relative Rate

Clark County Credit Union's average 30 year fixed mortgage rate was 6.09%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.39%.

Relative Fees (Closing Costs)

Clark County Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $8,093.

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 $9,089.

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
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 701 $79,445,000 $113,331 $7,077 8.55%
Pahrump, NV (FHA|USDA|VA) 4 $530,000 $132,500 $9,995 7.41%
RENO, NV (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.25%
Clark County Credit Union's top markets include Las Vegas, Pahrump, and Reno among others.

Their top states include:
  • Nevada (FHA|USDA|VA)
  • Similar Lenders

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

    Cathay Bank
    Similarity Rank: 184
    CLARK COUNTY CREDIT UNION
    Similarity Rank: 330
    East West Bank
    Similarity Rank: 333
    SIMPLIFI MORTGAGE, LLC
    Similarity Rank: 735
    GREATER NEVADA LLC
    Similarity Rank: 780
    ONE NEVADA CREDIT UNION
    Similarity Rank: 1442
    RMS & Associates
    Similarity Rank: 1730
    RBC Bank, (Georgia)
    Similarity Rank: 1746
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1892

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 567 $42,895,000 $75,653 n/a 9.01%
    Conventional 120 $30,340,000 $252,833 $5,745 6.67%
    FHA 15 $5,135,000 $342,333 $14,670 6.13%
    VA 2 $1,400,000 $700,000 $29,623 6.19%
    HELOC 1 $155,000 $155,000 n/a 9.00%
    Conventional 1 $155,000 $155,000 $0 9.50%

    For 2023, Clark County Credit Union's most frequently originated type of loan was HELOC, with 567 originations. Their 2nd most popular type was Conventional, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 288 $21,530,000 $74,757 $0 9.19%
    Home Improvement 285 $21,945,000 $77,000 $0 8.84%
    Home Purchase 86 $30,050,000 $349,419 $8,849 5.98%
    Cash Out Refi 42 $4,630,000 $110,238 $3,495 7.65%
    Refi 5 $1,925,000 $385,000 $7,131 6.48%

    For 2023, Clark County Credit Union's most frequently cited loan purpose was Other, with 288 originations. The 2nd most popular reason was Home Improvement, with 285 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 597 $45,675,000 $76,508 $2,992 8.99%
    30 Year 107 $34,255,000 $320,140 $8,093 6.09%
    10 Year 1 $95,000 $95,000 $2,615 6.00%
    Other 1 $55,000 $55,000 $2,551 7.75%

    For 2023, Clark County Credit Union's most frequently cited loan duration was 15 Year, with 597 originations. The 2nd most popular length was 30 Year, with 107 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 90 $20,530,000 $228,111
    $5k+ 21 $9,795,000 $466,429
    $2k-3k 13 $3,405,000 $261,923
    $3k-4k 7 $2,125,000 $303,571
    $<1k 1 $335,000 $335,000
    $4k-5k 1 $415,000 $415,000

    Clark County Credit Union's average total fees were $8,093, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 90 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 534 $40,710,000 $76,236
    7-8% 79 $10,645,000 $134,747
    6-7% 43 $13,675,000 $318,023
    5-6% 32 $9,370,000 $292,813
    4-5% 18 $5,680,000 $315,556

    During 2023, Clark County Credit Union's average interest rate for loans was 6.09%, while their most frequently originated rate bucket for loans was Over 8%, with 534 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 451 $24,035,000 $53,293 $2,880 8.97%
    $100k-200k 142 $18,230,000 $128,380 $4,734 8.61%
    $200k-400k 93 $26,535,000 $285,323 $7,800 6.82%
    $400k-600k 15 $6,745,000 $449,667 $12,341 6.42%
    $600k-1MM 4 $3,320,000 $830,000 $15,926 6.94%
    $1MM+ 1 $1,215,000 $1,215,000 $12,871 6.13%

    2023 saw Clark County Credit Union place emphasis on $100,000 or less loans with 451 originations, totaling $24,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 205 $20,825,000 $101,585 $7,593 8.88%
    $150k-250k 160 $17,190,000 $107,438 $6,141 8.87%
    $75k-100k 148 $15,860,000 $107,162 $9,222 8.45%
    $50k-75k 112 $13,190,000 $117,768 $5,423 7.89%
    $250k+ 51 $9,985,000 $195,784 $11,006 8.54%
    $50k or less 30 $3,030,000 $101,000 $5,094 7.47%

    Clark County Credit Union lent most frequently to those with incomes in the $100k-150k range, with 205 originations. The second most popular income band? $150k-250k, with 160 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 141 $13,515,000 $95,851 $5,396 8.78%
    20-30% 129 $10,545,000 $81,744 $5,319 8.80%
    50-60% 50 $5,390,000 $107,800 $8,410 8.46%
    <20% 35 $2,335,000 $66,714 $3,385 8.49%
    40% 33 $4,755,000 $144,091 $8,362 8.61%
    36% 30 $3,630,000 $121,000 $7,961 8.58%
    44% 30 $4,120,000 $137,333 $5,399 8.40%
    45% 29 $4,665,000 $160,862 $8,311 8.23%
    39% 26 $2,780,000 $106,923 $5,826 8.58%
    41% 25 $5,025,000 $201,000 $12,977 7.77%
    46% 25 $2,625,000 $105,000 $5,734 8.61%
    49% 24 $4,740,000 $197,500 $8,795 8.23%
    37% 24 $2,040,000 $85,000 $5,567 8.90%
    43% 22 $3,020,000 $137,273 $4,641 8.05%
    38% 21 $2,415,000 $115,000 $4,757 8.36%
    47% 21 $3,055,000 $145,476 $11,271 8.33%
    42% 21 $2,365,000 $112,619 $6,055 8.54%
    48% 20 $3,060,000 $153,000 $5,632 7.89%

    Clark County Credit Union lent most frequently to those with DTI ratios of 30-36%, with 141 originations. The next most common DTI ratio? 20-30%, with 129 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 513 $50,585,000 $98,606 $6,597 8.72%
    Not provided 41 $10,645,000 $259,634 $7,855 6.65%
    Black 77 $9,885,000 $128,377 $6,651 8.42%
    Asian 71 $8,195,000 $115,423 $8,134 8.59%
    American Indian 3 $695,000 $231,667 $5,351 6.88%
    Native Hawaiian or Islander 1 $75,000 $75,000 $0 9.50%

    Approval Rates

    Total approvals of all applications
    74.10%

    Clark County Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.57%

    Clark County Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 706 $80,080,000 $113,428

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    706 $80,080,000 $113,428

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 134 $17,730,000 $132,313 $3,311 8.81%
    40-60% 15 $4,445,000 $296,333 $6,887 7.51%
    60-80% 26 $7,620,000 $293,077 $6,218 6.39%
    80-100% 59 $20,775,000 $352,119 $9,357 5.88%
    Over 100% 2 $1,400,000 $700,000 $29,623 6.19%
    Under 20% 470 $28,110,000 $59,809 $2,945 8.97%