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 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Miami, Atlanta, Port St. Lucie, Worcester, and Tampa among others. We have data for 76 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.54% | 4/21/24 |
| 30 Year Conventional Purchase | 6.33% | 4/21/24 |
| 30 Year Conventional Refi | 6.09% | 4/21/24 |
| 30 Year Cash-out Refi | 5.97% | 4/21/24 |
| 30 Year USDA Purchase | 6.66% | 4/21/24 |
| 15 Year Conventional Purchase | 5.85% | 4/21/24 |
| 15 Year Conventional Refi | 4.56% | 4/21/24 |
| 15 Year Cash-out Refi | 4.56% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,244Origination Dollar Volume (All Markets)
$150,880,000Awards
ITHINK FINANCIAL Credit Union - 2019
ITHINK FINANCIAL Credit Union is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 516 | $63,180,000 | $122,442 | $3,096 | 4.74% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 420 | $46,730,000 | $111,262 | $2,295 | 4.78% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 88 | $10,050,000 | $114,205 | $2,590 | 4.67% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 23 | $4,745,000 | $206,304 | $2,908 | 4.55% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 41 | $4,575,000 | $111,585 | $1,996 | 4.86% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 10 | $1,520,000 | $152,000 | $2,381 | 4.90% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $3,176 | 3.67% |
| Outside of Metro Areas | 9 | $1,055,000 | $117,222 | $2,650 | 4.60% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $4,921 | 4.53% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 11 | $995,000 | $90,455 | $2,026 | 4.63% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $2,825 | 4.35% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $2,338 | 4.48% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $3,233 | 4.44% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $2,970 | 4.58% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,663 | 4.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 4.29% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $0 | 3.63% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $0 | 3.67% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $1,699 | 4.59% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $490,000 | $81,667 | $2,020 | 4.17% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $2,025 | 4.79% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,637 | 4.13% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,196 | 3.75% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,166 | 3.81% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,868 | 3.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $3,438 | 3.96% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 4.00% |
| ALBANY, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,680 | 4.19% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 4.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $1,501 | 3.96% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,603 | 4.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,273 | 3.81% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,630 | 4.75% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,737 | 4.44% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,582 | 3.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.38% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,815 | 3.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,168 | 4.94% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,859 | 3.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,064 | 3.63% |
| Lake City, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,580 | 4.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 4.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 3.81% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $646 | 5.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 4.58% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,805 | 4.00% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $525 | 5.75% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,941 | 3.38% |
| ERIE, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,395 | 4.13% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,684 | 3.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 5.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,881 | 2.88% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $600 | 6.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $250 | 6.25% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.75% |
| Columbus, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,598 | 5.50% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.50% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.75% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $392 | 6.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.50% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.00% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $550 | 6.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.50% |
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Product Mix
For 2019, Ithink Financial Credit Union's most frequently originated type of loan was HELOC, with 655 originations. Their 2nd most popular type was Conventional, with 585 originations.
Loan Reason
For 2019, Ithink Financial Credit Union's most frequently cited loan purpose was Cash Out Refi, with 966 originations. The 2nd most popular reason was Home Purchase, with 224 originations.
Loan Duration/Length
For 2019, Ithink Financial Credit Union's most frequently cited loan duration was 20 Year, with 759 originations. The 2nd most popular length was 30 Year, with 324 originations.
Origination Fees/Closing Costs
Ithink Financial Credit Union's average total fees were $3,280, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 256 originations.
Interest Rates
During 2019, Ithink Financial Credit Union's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 3-4%, with 579 originations.
Loan Sizing
2019 saw Ithink Financial Credit Union place emphasis on $100,000 or less loans with 678 originations, totaling $34,580,000 in origination value.
Applicant Income
Ithink Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 318 originations. The second most popular income band? $50k-75k, with 271 originations.
Applicant Debt to Income Ratio
Ithink Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 285 originations. The next most common DTI ratio? 30-36%, with 225 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.67%
Ithink Financial Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.04%
Ithink Financial Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,244 | $150,880,000 | $121,286 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,244 | $150,880,000 | $121,286 |