Atomic Credit Union Mortgage Rates, Fees & Info

Piketon, OH

LEI: 54930038B7D8N5ZCSG62

Tax ID: 31-4415974

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Mortgage Data

Review & Overview

Atomic Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Atomic Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Jackson, Portsmouth, Columbus, Chillicothe, and Point Pleasant among others. We have data for 11 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.

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Originations

256

Origination Dollar Volume (All Markets)

$28,690,000

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
Jackson, OH (FHA|USDA|VA) 83 $10,265,000 $123,675 $0 0.00%
Outside of Metro Areas 70 $8,140,000 $116,286 $0 0.00%
Portsmouth, OH (FHA|USDA|VA) 57 $5,085,000 $89,211 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 14 $1,760,000 $125,714 $0 0.00%
Chillicothe, OH (FHA|USDA|VA) 18 $1,760,000 $97,778 $0 0.00%
Point Pleasant, WV-OH (FHA|USDA|VA) 4 $590,000 $147,500 $0 0.00%
Athens, OH (FHA|USDA|VA) 3 $415,000 $138,333 $0 0.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $255,000 $85,000 $0 0.00%
Wilmington, OH (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
Marietta, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Atomic Credit Union's top markets include Jackson, Portsmouth, Columbus, Chillicothe, and Point Pleasant among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 256 $28,690,000 $112,070 $0 0.00%

    For 2019, Atomic Credit Union's most frequently originated type of loan was Conventional, with 256 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $11,600,000 $123,404 $0 0.00%
    Cash Out Refi 65 $7,905,000 $121,615 $0 0.00%
    Other 62 $4,750,000 $76,613 $0 0.00%
    Refi 19 $2,795,000 $147,105 $0 0.00%
    Home Improvement 10 $530,000 $53,000 $0 0.00%
    NA 6 $1,110,000 $185,000 $0 0.00%

    For 2019, Atomic Credit Union's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Cash Out Refi, with 65 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 256 $28,690,000 $112,070 $0 0.00%

    For 2019, Atomic Credit Union's most frequently cited loan duration was Other, with 256 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 150 $8,160,000 $54,400 $0 0.00%
    $100k-200k 68 $9,620,000 $141,471 $0 0.00%
    $200k-400k 35 $8,975,000 $256,429 $0 0.00%
    $400k-600k 2 $1,080,000 $540,000 $0 0.00%
    $600k-1MM 1 $855,000 $855,000 $0 0.00%

    2019 saw Atomic Credit Union place emphasis on $100,000 or less loans with 150 originations, totaling $8,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 63 $5,475,000 $86,905 $0 0.00%
    $50k or less 61 $4,465,000 $73,197 $0 0.00%
    $100k-150k 53 $7,975,000 $150,472 $0 0.00%
    $75k-100k 43 $4,695,000 $109,186 $0 0.00%
    $150k-250k 26 $4,340,000 $166,923 $0 0.00%
    $250k+ 3 $505,000 $168,333 $0 0.00%

    Atomic Credit Union lent most frequently to those with incomes in the $50k-75k range, with 63 originations. The second most popular income band? $50k or less, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 256 $28,690,000 $112,070 $0 0.00%

    Atomic Credit Union lent most frequently to those with DTI ratios of Exempt%, with 256 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 245 $27,685,000 $113,000 $0 0.00%
    Not provided 9 $875,000 $97,222 $0 0.00%
    Not applicable 2 $130,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.27%

    Atomic Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.81%

    Atomic Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 256 $28,690,000 $112,070

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $205,000 $68,333
    Single Family (1-4 Units):Site-Built 253 $28,485,000 $112,589