Coosa Valley Credit Union Mortgage Rates, Fees & Info

Rome, GA

LEI: 549300512TZWD1YUA619

Tax ID: 58-0664019

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Mortgage Data

Review & Overview

Coosa Valley Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Coosa Valley Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Rome, Atlanta, Cedartown, and Chattanooga among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Coosa Valley Credit Union has an above average approval rate when compared to the average across all lenders.

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
30 Year Conventional Purchase 6.27% 3/28/24
30 Year Conventional Refi 6.27% 3/28/24
30 Year Cash-out Refi 6.27% 3/28/24
15 Year Conventional Refi 5.68% 3/28/24
15 Year Cash-out Refi 5.68% 3/28/24
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.

Coosa Valley Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Coosa Valley 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

35

Origination Dollar Volume (All Markets)

$4,485,000

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
ROME, GA (FHA|USDA|VA) 24 $2,770,000 $115,417 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,300,000 $216,667 $0 0.00%
Cedartown, GA (FHA|USDA|VA) 4 $380,000 $95,000 $0 0.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Coosa Valley Credit Union's top markets include Rome, Atlanta, Cedartown, and Chattanooga among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 35 $4,485,000 $128,143 $0 0.00%

    For 2023, Coosa Valley Credit Union's most frequently originated type of loan was Conventional, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 21 $2,445,000 $116,429 $0 0.00%
    Refi 13 $1,915,000 $147,308 $0 0.00%
    Cash Out Refi 1 $125,000 $125,000 $0 0.00%

    For 2023, Coosa Valley Credit Union's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 35 $4,485,000 $128,143 $0 0.00%

    For 2023, Coosa Valley Credit Union's most frequently cited loan duration was Other, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,540,000 $70,000 $0 0.00%
    $100k-200k 9 $1,225,000 $136,111 $0 0.00%
    $200k-400k 2 $500,000 $250,000 $0 0.00%
    $400k-600k 1 $445,000 $445,000 $0 0.00%
    $600k-1MM 1 $775,000 $775,000 $0 0.00%

    2023 saw Coosa Valley Credit Union place emphasis on $100,000 or less loans with 22 originations, totaling $1,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 4 $250,000 $62,500 $0 0.00%
    $50k-75k 3 $335,000 $111,667 $0 0.00%
    $100k-150k 2 $130,000 $65,000 $0 0.00%
    $150k-250k 1 $255,000 $255,000 $0 0.00%
    $250k+ 1 $105,000 $105,000 $0 0.00%
    $75k-100k 1 $85,000 $85,000 $0 0.00%

    Coosa Valley Credit Union lent most frequently to those with incomes in the $50k or less range, with 4 originations. The second most popular income band? $50k-75k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 35 $4,485,000 $128,143 $0 0.00%

    Coosa Valley Credit Union lent most frequently to those with DTI ratios of Exempt%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 23 $3,325,000 $144,565 $0 0.00%
    White 12 $1,160,000 $96,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Coosa Valley Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 35 $4,485,000 $128,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    35 $4,485,000 $128,143