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 Refi, Home Purchase, and Cash Out Refi loans. Coosa Valley Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Rome, Cedartown, Chattanooga, and Calhoun among others. We have data for 11 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
287Origination Dollar Volume (All Markets)
$51,815,000Top 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) | 112 | $24,500,000 | $218,750 | $0 | 0.00% |
| ROME, GA (FHA|USDA|VA) | 89 | $13,125,000 | $147,472 | $0 | 0.00% |
| Cedartown, GA (FHA|USDA|VA) | 59 | $8,665,000 | $146,864 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $1,660,000 | $207,500 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 9 | $1,305,000 | $145,000 | $0 | 0.00% |
| Calhoun, GA (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $0 | 0.00% |
| Summerville, GA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 285 | $51,285,000 | $179,947 | $0 | 0.00% |
| VA | 1 | $415,000 | $415,000 | $0 | 0.00% |
| USDA | 1 | $115,000 | $115,000 | $0 | 0.00% |
For 2020, Coosa Valley Credit Union's most frequently originated type of loan was Conventional, with 285 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 134 | $24,490,000 | $182,761 | $0 | 0.00% |
| Home Purchase | 90 | $15,960,000 | $177,333 | $0 | 0.00% |
| Cash Out Refi | 63 | $11,365,000 | $180,397 | $0 | 0.00% |
For 2020, Coosa Valley Credit Union's most frequently cited loan purpose was Refi, with 134 originations. The 2nd most popular reason was Home Purchase, with 90 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 287 | $51,815,000 | $180,540 | $0 | 0.00% |
For 2020, Coosa Valley Credit Union's most frequently cited loan duration was Other, with 287 originations.
Loan Sizing
2020 saw Coosa Valley Credit Union place emphasis on $100k-200k loans with 128 originations, totaling $18,590,000 in origination value.
Applicant Income
Coosa Valley Credit Union lent most frequently to those with incomes in the $50k-75k range, with 57 originations. The second most popular income band? $100k-150k, with 56 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 287 | $51,815,000 | $180,540 | $0 | 0.00% |
Coosa Valley Credit Union lent most frequently to those with DTI ratios of Exempt%, with 287 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.87%
Coosa Valley Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination57.49%
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 | 287 | $51,815,000 | $180,540 |