Fairwinds Credit Union Mortgage Rates, Fees & Info

Orlando, FL

LEI: 54930030S6J5KOL5LJ73

Tax ID: 11-1644012

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Fairwinds Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Fairwinds Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Deltona, Lakeland, Tampa, and Palm Bay among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fairwinds 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. Fairwinds 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.

    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
    30 Year Conventional Purchase 6.47% 4/18/24
    30 Year Conventional Refi 6.41% 4/18/24
    30 Year Cash-out Refi 6.61% 4/18/24
    15 Year Conventional Purchase 5.68% 4/18/24
    15 Year Conventional Refi 5.79% 4/18/24
    15 Year Cash-out Refi 5.79% 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.

    Fairwinds Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Fairwinds 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

    3,121

    Origination Dollar Volume (All Markets)

    $611,905,000

    Awards

    FAIRWINDS CREDIT UNION 30 Year Conventional Loans silver FAIRWINDS CREDIT UNION 30 Year Conventional Loans silver FAIRWINDS CREDIT UNION 30 Year Conventional Loans silver FAIRWINDS CREDIT UNION 30 Year Conventional Loans gold
    Show all (4) awards

    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
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2,365 $464,505,000 $196,408 $3,818 3.15%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 459 $78,215,000 $170,403 $3,493 3.16%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 52 $10,420,000 $200,385 $3,682 3.02%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 52 $10,370,000 $199,423 $3,714 3.03%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 34 $8,170,000 $240,294 $3,663 2.90%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 26 $7,840,000 $301,538 $5,380 2.86%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 9 $3,575,000 $397,222 $3,127 2.68%
    OCALA, FL (FHA|USDA|VA) 20 $3,230,000 $161,500 $3,418 3.11%
    JACKSONVILLE, FL (FHA|USDA|VA) 11 $2,715,000 $246,818 $3,728 2.74%
    Outside of Metro Areas 11 $2,465,000 $224,091 $3,785 3.05%
    THE VILLAGES, FL (FHA|USDA|VA) 14 $2,440,000 $174,286 $3,104 3.33%
    Key West, FL (FHA|USDA|VA) 2 $1,990,000 $995,000 $0 2.50%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 6 $1,900,000 $316,667 $3,608 2.75%
    GAINESVILLE, FL (FHA|USDA|VA) 9 $1,715,000 $190,556 $2,129 3.07%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,555,000 $311,000 $4,253 2.64%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $1,075,000 $358,333 $3,389 3.25%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $965,000 $321,667 $0 2.67%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $950,000 $237,500 $3,173 2.72%
    TALLAHASSEE, FL (FHA|USDA|VA) 6 $940,000 $156,667 $2,403 2.77%
    PUNTA GORDA, FL (FHA|USDA|VA) 5 $855,000 $171,000 $3,843 2.55%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $745,000 $745,000 $0 2.00%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $485,000 $485,000 $10,955 2.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $485,000 $161,667 $2,876 2.71%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $465,000 $465,000 $4,324 2.13%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $385,000 $385,000 $0 2.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $345,000 $345,000 $4,973 3.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $335,000 $335,000 $6,982 2.75%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $335,000 $335,000 $7,394 2.00%
    COLUMBIA, SC (FHA|USDA|VA) 1 $325,000 $325,000 $3,267 1.88%
    Palatka, FL (FHA|USDA|VA) 2 $280,000 $140,000 $0 2.56%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $275,000 $275,000 $0 2.88%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $265,000 $88,333 $1,915 3.19%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,544 3.25%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 2.13%
    Boone, NC (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.50%
    NEW BERN, NC (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.25%
    Calhoun, GA (FHA|USDA|VA) 1 $155,000 $155,000 $3,337 3.50%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,997 3.13%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.13%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 2.00%
    Fairwinds Credit Union's top markets include Orlando, Deltona, Lakeland, Tampa, and Palm Bay among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Similar Lenders

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

    COMMUNITY CREDIT UNION OF FLORIDA
    Similarity Rank: 1590
    Citizens First Bank
    Similarity Rank: 1696
    SAN ANTONIO CITIZENS
    Similarity Rank: 1792
    RAILROAD & INDUSTRIAL
    Similarity Rank: 1974
    LAUNCH FEDERAL CREDIT UNION
    Similarity Rank: 2224
    Brannen Bank
    Similarity Rank: 2802
    DYBN FINANCIAL CORP.
    Similarity Rank: 3248
    Patriot Lending Services, Inc.
    Similarity Rank: 3294
    INSIGHT
    Similarity Rank: 3809
    Beach Community Mortgage Services, Inc.
    Similarity Rank: 4085

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,604 $575,020,000 $220,822 $3,760 2.83%
    HELOC 517 $36,885,000 $71,344 n/a 4.66%

    For 2021, Fairwinds Credit Union's most frequently originated type of loan was Conventional, with 2,604 originations. Their 2nd most popular type was HELOC, with 517 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,054 $207,550,000 $196,917 $3,162 2.66%
    Cash Out Refi 1,007 $204,305,000 $202,885 $3,765 2.97%
    Home Purchase 529 $153,575,000 $290,312 $4,322 3.06%
    Other 295 $28,805,000 $97,644 $3,279 4.41%
    Home Improvement 236 $17,670,000 $74,873 $3,404 4.51%

    For 2021, Fairwinds Credit Union's most frequently cited loan purpose was Refi, with 1,054 originations. The 2nd most popular reason was Cash Out Refi, with 1,007 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,369 $292,625,000 $213,751 $3,830 3.35%
    15 Year 988 $198,240,000 $200,648 $3,644 2.57%
    20 Year 477 $92,005,000 $192,883 $3,525 3.14%
    10 Year 239 $24,865,000 $104,038 $3,413 3.81%
    5 Year 42 $2,150,000 $51,190 $0 5.18%
    Other 6 $2,020,000 $336,667 $0 3.90%

    For 2021, Fairwinds Credit Union's most frequently cited loan duration was 30 Year, with 1,369 originations. The 2nd most popular length was 15 Year, with 988 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,678 $361,830,000 $215,632
    $1k-2k 533 $112,905,000 $211,829
    $2k-3k 186 $40,270,000 $216,505
    $3k-4k 99 $22,315,000 $225,404
    $4k-5k 54 $14,240,000 $263,704
    $5k+ 44 $20,680,000 $470,000

    Fairwinds Credit Union's average total fees were $3,830, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,678 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,008 $211,770,000 $210,089
    2.5-3% 944 $206,880,000 $219,153
    <2.5% 842 $168,710,000 $200,368
    4-5% 150 $14,340,000 $95,600
    5-6% 97 $5,475,000 $56,443
    6-7% 56 $3,320,000 $59,286
    7-8% 24 $1,410,000 $58,750

    During 2021, Fairwinds Credit Union's average interest rate for loans was 3.35%, while their most frequently originated rate bucket for loans was 3-4%, with 1,008 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,183 $173,975,000 $147,063 $3,082 2.87%
    $200k-400k 1,066 $282,760,000 $265,253 $4,058 2.96%
    $100,000 or less 679 $41,905,000 $61,716 $2,641 3.93%
    $400k-600k 138 $65,620,000 $475,507 $5,330 2.92%
    $600k-1MM 44 $31,500,000 $715,909 $0 2.85%
    $1MM+ 11 $16,145,000 $1,467,727 $0 2.55%

    2021 saw Fairwinds Credit Union place emphasis on $100k-200k loans with 1,183 originations, totaling $173,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 749 $118,595,000 $158,338 $3,487 3.10%
    $100k-150k 687 $141,325,000 $205,713 $3,973 3.19%
    $75k-100k 603 $109,225,000 $181,136 $3,676 3.13%
    $50k or less 501 $59,615,000 $118,992 $3,181 3.13%
    $150k-250k 415 $105,655,000 $254,590 $4,680 3.16%
    $250k+ 156 $74,710,000 $478,910 $4,721 2.92%

    Fairwinds Credit Union lent most frequently to those with incomes in the $50k-75k range, with 749 originations. The second most popular income band? $100k-150k, with 687 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 767 $147,125,000 $191,819 $3,715 3.04%
    30-36% 628 $132,920,000 $211,656 $3,773 3.13%
    <20% 356 $59,640,000 $167,528 $4,024 3.19%
    44% 112 $21,050,000 $187,946 $3,504 3.30%
    43% 109 $21,655,000 $198,670 $3,625 3.14%
    39% 107 $21,025,000 $196,495 $3,963 3.15%
    38% 106 $20,070,000 $189,340 $3,746 3.09%
    36% 105 $20,375,000 $194,048 $3,519 3.07%
    42% 101 $20,195,000 $199,950 $3,909 3.25%
    41% 97 $17,895,000 $184,485 $3,952 3.32%
    37% 97 $19,635,000 $202,423 $3,617 3.23%
    49% 87 $20,325,000 $233,621 $3,934 3.16%
    40% 83 $16,745,000 $201,747 $3,739 3.12%
    45% 82 $15,580,000 $190,000 $4,152 3.10%
    47% 79 $15,395,000 $194,873 $3,561 3.22%
    46% 76 $13,940,000 $183,421 $3,521 3.20%
    48% 69 $13,505,000 $195,725 $3,947 3.08%
    50-60% 48 $11,610,000 $241,875 $3,416 2.87%
    >60% 2 $440,000 $220,000 $0 2.75%

    Fairwinds Credit Union lent most frequently to those with DTI ratios of 20-30%, with 767 originations. The next most common DTI ratio? 30-36%, with 628 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,070 $396,010,000 $191,309 $3,735 3.19%
    Not provided 686 $144,010,000 $209,927 $3,774 2.95%
    Black 205 $35,015,000 $170,805 $3,699 3.21%
    Asian 115 $27,125,000 $235,870 $4,024 2.85%
    American Indian 24 $4,610,000 $192,083 $5,244 3.45%
    Not applicable 10 $2,780,000 $278,000 $0 3.91%
    Native Hawaiian or Islander 11 $2,355,000 $214,091 $3,814 3.10%

    Approval Rates

    Total approvals of all applications
    81.00%

    Fairwinds Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    56.97%

    Fairwinds Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,121 $611,905,000 $196,061

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,121 $611,905,000 $196,061

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 493 $54,895,000 $111,349 $2,929 3.06%
    40-60% 704 $130,650,000 $185,582 $3,351 2.70%
    60-80% 1,151 $285,695,000 $248,215 $3,760 2.95%
    80-100% 413 $121,705,000 $294,685 $4,170 3.10%
    Under 20% 360 $18,960,000 $52,667 $2,595 4.71%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Fairway Independent Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 11 22.9%
    Fairway Independent Mortgage Corporation Conventional home mortgage Closing on a mortgage 3 6.3%
    Fairway Independent Mortgage Corporation Conventional home mortgage Struggling to pay mortgage 3 6.3%
    Fairway Independent Mortgage Corporation Conventional home mortgage Trouble during payment process 11 22.9%
    Fairway Independent Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 4.2%
    Fairway Independent Mortgage Corporation FHA mortgage Closing on a mortgage 3 6.3%
    Fairway Independent Mortgage Corporation FHA mortgage Struggling to pay mortgage 1 2.1%
    Fairway Independent Mortgage Corporation FHA mortgage Trouble during payment process 2 4.2%
    Fairway Independent Mortgage Corporation Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.1%
    Fairway Independent Mortgage Corporation Other type of mortgage Closing on a mortgage 3 6.3%
    Fairway Independent Mortgage Corporation Other type of mortgage Struggling to pay mortgage 1 2.1%
    Fairway Independent Mortgage Corporation Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.1%
    Fairway Independent Mortgage Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 4.2%
    Fairway Independent Mortgage Corporation VA mortgage Closing on a mortgage 1 2.1%
    Fairway Independent Mortgage Corporation VA mortgage Trouble during payment process 3 6.3%