Clark County Credit Union Mortgage Rates, Fees & Info
LAS VEGAS, NVLEI: 5493002HQBP2ODIIFH94
Tax ID: 88-0065951
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 5.76% | 11/17/24 |
| 30 Year Conventional Refi | 6.47% | 11/17/24 |
| 30 Year Cash-out Refi | 6.52% | 11/17/24 |
| 30 Year FHA Purchase | 7.12% | 11/17/24 |
| 30 Year VA Purchase | 6.16% | 11/17/24 |
| 15 Year Conventional Purchase | 7.45% | 11/17/24 |
| 15 Year Conventional Refi | 6.48% | 11/17/24 |
| 15 Year Cash-out Refi | 6.48% | 11/17/24 |
| 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
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This is not an official calculator from Clark County Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
706Origination Dollar Volume (All Markets)
$80,080,000Awards
CLARK COUNTY CREDIT UNION - 2023
CLARK COUNTY CREDIT UNION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
Similarity Rank: 184
Similarity Rank: 330
Similarity Rank: 333
Similarity Rank: 356
Similarity Rank: 735
Similarity Rank: 780
Similarity Rank: 1442
Similarity Rank: 1730
Similarity Rank: 1746
Similarity Rank: 1892
Product Mix
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications74.10%
Clark County Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.57%
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 |