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 Cash Out Refi loans. Coosa Valley 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 low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Rome, Cedartown, Daphne, and Summerville among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Coosa Valley 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.
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% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 15 Year Conventional Refi | 5.68% | 11/21/24 |
| 15 Year Cash-out Refi | 5.68% | 11/21/24 |
| 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. | ||
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
160Origination Dollar Volume (All Markets)
$29,790,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 75 | $16,975,000 | $226,333 | $0 | 0.00% |
| ROME, GA (FHA|USDA|VA) | 46 | $6,000,000 | $130,435 | $0 | 0.00% |
| Cedartown, GA (FHA|USDA|VA) | 24 | $3,430,000 | $142,917 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $425,000 | $141,667 | $0 | 0.00% |
| Summerville, GA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Calhoun, GA (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 155 | $29,055,000 | $187,452 | $0 | 0.00% |
| FHA | 4 | $590,000 | $147,500 | $0 | 0.00% |
| USDA | 1 | $145,000 | $145,000 | $0 | 0.00% |
For 2019, Coosa Valley Credit Union's most frequently originated type of loan was Conventional, with 155 originations. Their 2nd most popular type was FHA, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 75 | $14,805,000 | $197,400 | $0 | 0.00% |
| Cash Out Refi | 58 | $9,650,000 | $166,379 | $0 | 0.00% |
| Refi | 27 | $5,335,000 | $197,593 | $0 | 0.00% |
For 2019, Coosa Valley Credit Union's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Cash Out Refi, with 58 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 160 | $29,790,000 | $186,188 | $0 | 0.00% |
For 2019, Coosa Valley Credit Union's most frequently cited loan duration was Other, with 160 originations.
Loan Sizing
2019 saw Coosa Valley Credit Union place emphasis on $100k-200k loans with 68 originations, totaling $9,620,000 in origination value.
Applicant Income
Coosa Valley Credit Union lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $100k-150k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 160 | $29,790,000 | $186,188 | $0 | 0.00% |
Coosa Valley Credit Union lent most frequently to those with DTI ratios of Exempt%, with 160 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.67%
Coosa Valley Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination65.63%
Coosa Valley Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 160 | $29,790,000 | $186,188 |