Coosa Valley Credit Union Mortgage Rates, Fees & Info
Rome, GALEI: 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% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 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. | ||
Coosa Valley 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
35Origination Dollar Volume (All Markets)
$4,485,000Top 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% |
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
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
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 applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 35 | $4,485,000 | $128,143 |