Atomic Credit Union Mortgage Rates, Fees & Info

Piketon, OH

LEI: 54930038B7D8N5ZCSG62

Tax ID: 31-4415974

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Atomic Credit Union is a smaller credit union specializing in Home Purchase loans. Atomic Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Jackson, Portsmouth, Chillicothe, and Point Pleasant among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Atomic 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. Atomic 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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    Originations

    291

    Origination Dollar Volume (All Markets)

    $417,095,000

    Awards

    ATOMIC CREDIT UNION 30 Year Conventional Loans gold
    Show all (1) 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
    COLUMBUS, OH (FHA|USDA|VA) 14 $389,190,000 $27,799,286 $1,710 4.55%
    Jackson, OH (FHA|USDA|VA) 96 $9,110,000 $94,896 $1,948 4.84%
    Portsmouth, OH (FHA|USDA|VA) 62 $7,380,000 $119,032 $2,302 4.69%
    Outside of Metro Areas 78 $7,020,000 $90,000 $1,893 4.74%
    Chillicothe, OH (FHA|USDA|VA) 30 $3,460,000 $115,333 $1,532 4.68%
    Point Pleasant, WV-OH (FHA|USDA|VA) 5 $505,000 $101,000 $1,770 4.75%
    Athens, OH (FHA|USDA|VA) 4 $280,000 $70,000 $4,400 5.12%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
    Washington Court House, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.06%
    Atomic Credit Union's top markets include Columbus, Jackson, Portsmouth, Chillicothe, and Point Pleasant among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 241 $413,905,000 $1,717,448 $1,994 4.68%
    HELOC 50 $3,190,000 $63,800 n/a 5.00%

    For 2018, Atomic Credit Union's most frequently originated type of loan was Conventional, with 241 originations. Their 2nd most popular type was HELOC, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 120 $401,320,000 $3,344,333 $2,077 4.72%
    Other 81 $5,945,000 $73,395 $1,788 4.97%
    Cash Out Refi 56 $6,410,000 $114,464 $2,042 4.57%
    Refi 18 $2,310,000 $128,333 $1,515 4.48%
    Home Improvement 13 $965,000 $74,231 $1,942 4.48%
    NA 3 $145,000 $48,333 $0 4.50%

    For 2018, Atomic Credit Union's most frequently cited loan purpose was Home Purchase, with 120 originations. The 2nd most popular reason was Other, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 95 $12,265,000 $129,105 $1,790 4.93%
    20 Year 89 $6,745,000 $75,787 $2,148 5.05%
    15 Year 55 $392,855,000 $7,142,818 $1,871 4.32%
    10 Year 31 $1,995,000 $64,355 $1,754 4.05%
    Other 12 $1,090,000 $90,833 $3,831 4.24%
    30+ year 9 $2,145,000 $238,333 $4,623 4.70%

    For 2018, Atomic Credit Union's most frequently cited loan duration was 30 Year, with 95 originations. The 2nd most popular length was 20 Year, with 89 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 207 $21,735,000 $105,000
    $1k-2k 8 $790,000 $98,750
    $3k-4k 2 $400,000 $200,000
    $2k-3k 1 $225,000 $225,000

    Atomic Credit Union's average total fees were $1,790, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 207 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 165 $17,195,000 $104,212
    5-6% 63 $5,275,000 $83,730
    3-4% 22 $2,300,000 $104,545
    6-7% 11 $985,000 $89,545
    2.5-3% 5 $645,000 $129,000
    <2.5% 5 $388,305,000 $77,661,000
    7-8% 2 $240,000 $120,000

    During 2018, Atomic Credit Union's average interest rate for loans was 4.93%, while their most frequently originated rate bucket for loans was 4-5%, with 165 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 181 $10,095,000 $55,773 $1,874 4.80%
    $100k-200k 78 $10,660,000 $136,667 $2,082 4.75%
    $200k-400k 30 $7,780,000 $259,333 $2,209 4.47%
    $1MM+ 1 $388,005,000 $388,005,000 $0 0.07%
    $400k-600k 1 $555,000 $555,000 $0 4.50%

    2018 saw Atomic Credit Union place emphasis on $100,000 or less loans with 181 originations, totaling $10,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 80 $7,490,000 $93,625 $1,930 4.75%
    $50k or less 62 $4,340,000 $70,000 $1,793 4.73%
    $100k-150k 61 $6,765,000 $110,902 $2,278 4.71%
    $75k-100k 58 $5,770,000 $99,483 $2,289 4.90%
    $150k-250k 19 $2,555,000 $134,474 $1,691 4.84%
    $250k+ 8 $390,030,000 $48,753,750 $1,536 3.47%

    Atomic Credit Union lent most frequently to those with incomes in the $50k-75k range, with 80 originations. The second most popular income band? $50k or less, with 62 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 72 $6,670,000 $92,639 $1,917 4.83%
    <20% 68 $5,790,000 $85,147 $1,705 4.68%
    30-36% 49 $5,805,000 $118,469 $2,269 4.78%
    38% 10 $1,480,000 $148,000 $2,573 4.81%
    36% 9 $875,000 $97,222 $1,856 4.85%
    39% 8 $670,000 $83,750 $2,574 5.23%
    41% 7 $905,000 $129,286 $2,735 5.10%
    50-60% 7 $555,000 $79,286 $1,640 4.91%
    40% 7 $1,045,000 $149,286 $1,716 4.58%
    42% 6 $410,000 $68,333 $1,593 5.59%
    45% 5 $835,000 $167,000 $2,289 4.29%
    44% 4 $350,000 $87,500 $2,071 5.04%
    37% 4 $340,000 $85,000 $0 5.65%
    >60% 4 $380,000 $95,000 $1,466 5.27%
    47% 3 $285,000 $95,000 $0 4.50%
    43% 3 $325,000 $108,333 $1,787 5.40%
    49% 3 $185,000 $61,667 $0 4.50%
    48% 2 $420,000 $210,000 $1,020 4.70%
    46% 1 $35,000 $35,000 $0 5.25%

    Atomic Credit Union lent most frequently to those with DTI ratios of 20-30%, with 72 originations. The next most common DTI ratio? <20%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 278 $415,840,000 $1,495,827 $2,008 4.72%
    Not provided 8 $670,000 $83,750 $1,395 5.31%
    Asian 1 $335,000 $335,000 $1,395 2.75%
    Not applicable 3 $225,000 $75,000 $0 5.00%
    American Indian 1 $25,000 $25,000 $0 4.47%

    Approval Rates

    Total approvals of all applications
    80.23%

    Atomic Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.41%

    Atomic Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 291 $417,095,000 $1,433,316

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $595,000 $54,091
    Single Family (1-4 Units):Site-Built 280 $416,500,000 $1,487,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $2,140,000 $62,941 $1,665 5.00%
    40-60% 44 $4,380,000 $99,545 $1,858 4.59%
    60-80% 77 $8,515,000 $110,584 $2,035 4.57%
    80-100% 85 $10,225,000 $120,294 $1,964 5.04%
    Over 100% 6 $1,310,000 $218,333 $2,590 4.93%
    Under 20% 25 $925,000 $37,000 $0 4.97%