Ithink Financial Credit Union Mortgage Rates, Fees & Info
Delray Beach, FLLEI: 5493003BXKRGHQHRJV38
Tax ID: 59-1286880
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Ithink Financial Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Ithink Financial Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Miami, Atlanta, Port St. Lucie, Orlando, and Tampa among others. We have data for 78 markets. (Some data included below & more in-depth data is available with an active subscription.)Ithink Financial 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. Ithink Financial Credit Union is typically a high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 3/19/23 |
| 30 Year Conventional Purchase | 6.61% | 3/19/23 |
| 30 Year Conventional Refi | 6.46% | 3/19/23 |
| 30 Year Cash-out Refi | 6.54% | 3/19/23 |
| 30 Year FHA Purchase | 6.68% | 3/19/23 |
| 30 Year VA Purchase | 7.41% | 3/19/23 |
| 30 Year VA Refi | 6.27% | 3/19/23 |
| 30 Year USDA Purchase | 6.82% | 3/19/23 |
| 30 Year USDA Refi | 6.28% | 3/19/23 |
| 15 Year Conventional Purchase | 6.12% | 3/19/23 |
| 15 Year Conventional Refi | 6.01% | 3/19/23 |
| 15 Year Cash-out Refi | 6.01% | 3/19/23 |
| 15 Year USDA Refi | 5.68% | 3/19/23 |
| 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. | ||
Originations
1,387Origination Dollar Volume (All Markets)
$517,575,000Awards
ITHINK FINANCIAL Credit Union - 2021
ITHINK FINANCIAL Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Ithink Financial Credit Union's average 30 year fixed mortgage rate was
2.98%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.17%.
Relative Fees (Closing Costs)
Ithink Financial Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,192.
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 $4,750.
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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 562 | $271,880,000 | $483,772 | $9,856 | 3.28% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 354 | $63,140,000 | $178,362 | $3,157 | 3.45% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 152 | $54,830,000 | $360,724 | $6,147 | 3.24% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 38 | $22,510,000 | $592,368 | $11,399 | 3.16% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 36 | $10,170,000 | $282,500 | $6,642 | 3.28% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 8 | $9,460,000 | $1,182,500 | $16,118 | 2.95% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 29 | $8,075,000 | $278,448 | $5,238 | 3.08% |
| Key West, FL (FHA|USDA|VA) | 6 | $7,910,000 | $1,318,333 | $16,483 | 2.92% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 18 | $6,370,000 | $353,889 | $8,014 | 3.16% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 13 | $5,375,000 | $413,462 | $7,937 | 2.99% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 19 | $5,035,000 | $265,000 | $2,901 | 3.06% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 15 | $4,805,000 | $320,333 | $7,057 | 3.51% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $4,570,000 | $1,142,500 | $10,247 | 2.56% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 9 | $4,145,000 | $460,556 | $10,881 | 3.10% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $3,495,000 | $1,165,000 | $12,615 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $3,160,000 | $526,667 | $7,433 | 3.31% |
| Outside of Metro Areas | 16 | $2,630,000 | $164,375 | $2,877 | 3.64% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $2,465,000 | $821,667 | $4,330 | 2.79% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $1,890,000 | $945,000 | $12,788 | 2.56% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $16,020 | 2.75% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $2,729 | 3.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $5,631 | 3.79% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $3,008 | 3.30% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $2,465 | 4.19% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $13,712 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $4,160 | 2.83% |
| OCALA, FL (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $6,008 | 2.79% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $14,417 | 2.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $0 | 3.38% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $4,278 | 2.88% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $4,920 | 2.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $9,166 | 2.38% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $2,962 | 2.83% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $10,238 | 2.38% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 3.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,917 | 3.06% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,061 | 2.75% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,415 | 3.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $2,287 | 2.92% |
| GAINESVILLE, GA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $2,964 | 3.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $2,632 | 3.54% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,056 | 2.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,175 | 3.06% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,688 | 2.88% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,489 | 2.63% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,040 | 3.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $1,994 | 2.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $6,417 | 2.69% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $2,429 | 3.54% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,203 | 3.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,706 | 3.25% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,534 | 2.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,666 | 3.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,119 | 2.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,500 | 2.63% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,649 | 2.88% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.50% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,013 | 4.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $2,409 | 3.71% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.00% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,445 | 2.88% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,617 | 3.50% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,183 | 2.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| Palatka, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,945 | 2.75% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,827 | 2.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,109 | 2.50% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,581 | 3.25% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,698 | 4.38% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,667 | 3.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,685 | 3.00% |
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Product Mix
For 2021, Ithink Financial Credit Union's most frequently originated type of loan was Conventional, with 978 originations. Their 2nd most popular type was HELOC, with 388 originations.
Loan Reason
For 2021, Ithink Financial Credit Union's most frequently cited loan purpose was Cash Out Refi, with 766 originations. The 2nd most popular reason was Home Purchase, with 381 originations.
Loan Duration/Length
For 2021, Ithink Financial Credit Union's most frequently cited loan duration was 30 Year, with 726 originations. The 2nd most popular length was 20 Year, with 464 originations.
Origination Fees/Closing Costs
Ithink Financial Credit Union's average total fees were $8,192, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 546 originations.
Interest Rates
During 2021, Ithink Financial Credit Union's average interest rate for loans was 2.98%, while their most frequently originated rate bucket for loans was 2.5-3%, with 589 originations.
Loan Sizing
2021 saw Ithink Financial Credit Union place emphasis on $100k-200k loans with 392 originations, totaling $53,550,000 in origination value.
Applicant Income
Ithink Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 282 originations. The second most popular income band? $150k-250k, with 262 originations.
Applicant Debt to Income Ratio
Ithink Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 323 originations. The next most common DTI ratio? 30-36%, with 249 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.22%
Ithink Financial Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination83.99%
Ithink Financial Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10600.0 | 1 | $1,065,000 | $1,065,000 |
| 1085.63 | 1 | $285,000 | $285,000 |
| 2038.0 | 1 | $205,000 | $205,000 |
| 740.0 | 1 | $145,000 | $145,000 |
| NA | 1,383 | $515,875,000 | $373,012 |