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. Their top markets by origination volume include: Miami, Atlanta, Port St. Lucie, Orlando, and Tampa 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 above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Ithink Financial Credit Union is typically an average 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% | 12/16/24 |
| 30 Year Conventional Purchase | 6.33% | 12/16/24 |
| 30 Year Conventional Refi | 6.09% | 12/16/24 |
| 30 Year Cash-out Refi | 5.97% | 12/16/24 |
| 30 Year USDA Purchase | 6.66% | 12/16/24 |
| 15 Year Conventional Purchase | 5.85% | 12/16/24 |
| 15 Year Conventional Refi | 4.56% | 12/16/24 |
| 15 Year Cash-out Refi | 4.56% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,418Origination Dollar Volume (All Markets)
$401,160,000Awards
ITHINK FINANCIAL Credit Union - 2020
ITHINK FINANCIAL Credit Union is a 2020 , due to their low .
For 2020, 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) | 616 | $211,410,000 | $343,198 | $8,791 | 3.65% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 380 | $60,810,000 | $160,026 | $2,727 | 3.66% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 120 | $26,700,000 | $222,500 | $6,456 | 3.68% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 43 | $20,465,000 | $475,930 | $8,235 | 3.57% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 29 | $11,445,000 | $394,655 | $6,681 | 3.42% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 11 | $9,345,000 | $849,545 | $10,525 | 3.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 14 | $7,770,000 | $555,000 | $34,136 | 3.44% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 31 | $6,605,000 | $213,065 | $7,509 | 3.73% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 15 | $5,155,000 | $343,667 | $8,131 | 3.04% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 8 | $3,310,000 | $413,750 | $5,813 | 4.01% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $3,170,000 | $1,585,000 | $16,895 | 3.12% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 12 | $3,010,000 | $250,833 | $2,629 | 3.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 8 | $2,930,000 | $366,250 | $6,210 | 3.13% |
| Outside of Metro Areas | 12 | $2,670,000 | $222,500 | $3,260 | 3.50% |
| Key West, FL (FHA|USDA|VA) | 3 | $2,415,000 | $805,000 | $11,991 | 3.33% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $2,415,000 | $805,000 | $25,164 | 4.13% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $4,667 | 3.83% |
| GAINESVILLE, GA (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $3,115 | 3.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $8,987 | 3.38% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $2,189 | 3.17% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $2,840 | 3.93% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $7,812 | 3.56% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $3,342 | 3.58% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $830,000 | $138,333 | $2,925 | 3.92% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $16,534 | 2.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $5,138 | 3.72% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $3,686 | 3.28% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $1,990 | 3.44% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 3.69% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,540 | 2.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,569 | 3.06% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,790 | 3.69% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,950 | 3.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,155 | 3.63% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,285 | 2.99% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 4.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,834 | 3.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,674 | 3.69% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,233 | 3.38% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,786 | 3.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,999 | 3.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 3.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 4.44% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 4.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,617 | 3.69% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,566 | 3.13% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,998 | 2.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,677 | 3.88% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.13% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,301 | 3.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,446 | 2.50% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,392 | 3.13% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,440 | 2.75% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.00% |
| DALTON, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,898 | 2.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 4.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.75% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,875 | 3.25% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,496 | 3.38% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,830 | 3.38% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,723 | 3.63% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,827 | 2.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.00% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,487 | 3.25% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,869 | 2.75% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $2,678 | 4.38% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,586 | 3.38% |
| Alpena, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,149 | 3.50% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,895 | 2.13% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.50% |
| Murray, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.00% |
| Concord, NH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.25% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against ITHINK FINANCIAL Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 933 | $353,295,000 | $378,666 | $6,266 | 3.36% |
| HELOC | 485 | $47,865,000 | $98,691 | n/a | 4.13% |
For 2020, Ithink Financial Credit Union's most frequently originated type of loan was Conventional, with 933 originations. Their 2nd most popular type was HELOC, with 485 originations.
Loan Reason
For 2020, Ithink Financial Credit Union's most frequently cited loan purpose was Cash Out Refi, with 815 originations. The 2nd most popular reason was Home Purchase, with 355 originations.
Loan Duration/Length
For 2020, Ithink Financial Credit Union's most frequently cited loan duration was 30 Year, with 619 originations. The 2nd most popular length was 20 Year, with 549 originations.
Origination Fees/Closing Costs
Ithink Financial Credit Union's average total fees were $6,620, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 396 originations.
Interest Rates
During 2020, Ithink Financial Credit Union's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 887 originations.
Loan Sizing
2020 saw Ithink Financial Credit Union place emphasis on $100k-200k loans with 423 originations, totaling $58,225,000 in origination value.
Applicant Income
Ithink Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 314 originations. The second most popular income band? $150k-250k, with 292 originations.
Applicant Debt to Income Ratio
Ithink Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 341 originations. The next most common DTI ratio? 30-36%, with 262 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.91%
Ithink Financial Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination94.92%
Ithink Financial Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 2 | $1,120,000 | $560,000 |
| NA | 1,416 | $400,040,000 | $282,514 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $125,000 | $125,000 |
| Single Family (1-4 Units):Site-Built | 1,417 | $401,035,000 | $283,017 |