Ithink Financial Credit Union Mortgage Rates, Fees & Info
Delray Beach, FLLEI: 5493003BXKRGHQHRJV38
Tax ID: 59-1286880
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Mortgage Data
Review & Overview
Ithink Financial Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Ithink Financial Credit Union has a high proportion of conventional 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 low ratio of USDA loans. Their top markets by origination volume include: Miami, Atlanta, Port St. Lucie, Orlando, and Baltimore among others. We have data for 80 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 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) | 6.54% | 11/17/24 |
| 30 Year Conventional Purchase | 6.33% | 11/17/24 |
| 30 Year Conventional Refi | 6.09% | 11/17/24 |
| 30 Year Cash-out Refi | 5.97% | 11/17/24 |
| 30 Year USDA Purchase | 6.66% | 11/17/24 |
| 15 Year Conventional Purchase | 5.85% | 11/17/24 |
| 15 Year Conventional Refi | 4.56% | 11/17/24 |
| 15 Year Cash-out Refi | 4.56% | 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. | ||
Ithink Financial Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Ithink Financial 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
870Origination Dollar Volume (All Markets)
$209,080,000Relative Rate
Ithink Financial Credit Union's average 30 year fixed mortgage rate was
7.4%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.92%.
Relative Fees (Closing Costs)
Ithink Financial Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,393.
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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 346 | $90,000,000 | $260,116 | $11,191 | 8.20% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 205 | $27,445,000 | $133,878 | $4,632 | 8.42% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 75 | $15,535,000 | $207,133 | $12,209 | 8.22% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 28 | $12,280,000 | $438,571 | $14,948 | 7.79% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $5,740,000 | $956,667 | $17,003 | 7.17% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 31 | $5,685,000 | $183,387 | $8,754 | 7.85% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $4,395,000 | $627,857 | $7,418 | 7.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 30 | $4,200,000 | $140,000 | $9,519 | 8.32% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 7 | $3,225,000 | $460,714 | $14,972 | 7.75% |
| Outside of Metro Areas | 13 | $3,195,000 | $245,769 | $5,865 | 7.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 9 | $3,125,000 | $347,222 | $9,877 | 7.64% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $2,880,000 | $720,000 | $29,196 | 8.56% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $58,960 | 7.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 7 | $2,315,000 | $330,714 | $11,400 | 7.66% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $2,165,000 | $721,667 | $11,099 | 7.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $6,195 | 8.15% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,385,000 | $1,385,000 | $15,219 | 7.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 7 | $1,385,000 | $197,857 | $7,321 | 7.63% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $6,149 | 7.59% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $9,151 | 7.44% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $16,968 | 8.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $24,468 | 6.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $9,871 | 7.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $11,816 | 8.50% |
| Outside of Metro Areas | 1 | $735,000 | $735,000 | $5,234 | 7.25% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 9.13% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $15,314 | 7.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 8.69% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $8,403 | 7.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,329 | 7.75% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $9,829 | 7.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,502 | 7.75% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 8.63% |
| OCALA, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $7,476 | 7.13% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $10,652 | 7.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $12,631 | 6.75% |
| Summerville, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,953 | 7.63% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,840 | 8.75% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,095 | 7.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,071 | 7.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 8.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $5,533 | 7.31% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,562 | 8.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $15,393 | 7.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,146 | 7.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 9.06% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,989 | 7.25% |
| ROME, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,494 | 7.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,139 | 7.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,762 | 7.13% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,139 | 7.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 8.38% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,764 | 7.63% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 8.13% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,508 | 7.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 9.06% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 8.69% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,414 | 6.88% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.13% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.25% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.25% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.75% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.25% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,412 | 9.25% |
| Torrington, CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.50% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.50% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,710 | 7.88% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 8.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.75% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $811 | 8.88% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.63% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.75% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.50% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $984 | 8.63% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.13% |
| Atmore, AL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 8.25% |
Similar Lenders
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Product Mix
For 2023, Ithink Financial Credit Union's most frequently originated type of loan was HELOC, with 494 originations. Their 2nd most popular type was Conventional, with 372 originations.
Loan Reason
For 2023, Ithink Financial Credit Union's most frequently cited loan purpose was Cash Out Refi, with 545 originations. The 2nd most popular reason was Home Purchase, with 240 originations.
Loan Duration/Length
For 2023, Ithink Financial Credit Union's most frequently cited loan duration was 20 Year, with 552 originations. The 2nd most popular length was 30 Year, with 251 originations.
Origination Fees/Closing Costs
Ithink Financial Credit Union's average total fees were $10,393, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 137 originations.
Interest Rates
During 2023, Ithink Financial Credit Union's average interest rate for loans was 7.40%, while their most frequently originated rate bucket for loans was Over 8%, with 465 originations.
Loan Sizing
2023 saw Ithink Financial Credit Union place emphasis on $100,000 or less loans with 295 originations, totaling $17,695,000 in origination value.
Applicant Income
Ithink Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 211 originations. The second most popular income band? $150k-250k, with 206 originations.
Applicant Debt to Income Ratio
Ithink Financial Credit Union lent most frequently to those with DTI ratios of 30-36%, with 163 originations. The next most common DTI ratio? 20-30%, with 143 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.15%
Ithink Financial Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.45%
Ithink Financial Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 870 | $209,080,000 | $240,322 |