Seven Seventeen Credit Union Mortgage Rates, Fees & Info

Warren, OH

LEI: 549300567BJCXPG9IV35

Tax ID: 34-0825325

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Seven Seventeen Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Seven Seventeen 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: Youngstown, Akron, Cleveland, Canton, and Salem among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Seven Seventeen 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. Seven Seventeen Credit Union is typically a low 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.47% 12/16/24
    30 Year Conventional Refi 6.57% 12/16/24
    30 Year Cash-out Refi 6.92% 12/16/24
    30 Year FHA Purchase 6.97% 12/16/24
    30 Year FHA Refi 7.21% 12/16/24
    30 Year VA Purchase 6.69% 12/16/24
    15 Year Conventional Purchase 5.93% 12/16/24
    15 Year Conventional Refi 6.70% 12/16/24
    15 Year Cash-out Refi 6.70% 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.

    Seven Seventeen Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Seven Seventeen 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

    2,388

    Origination Dollar Volume (All Markets)

    $231,140,000
    Show all (7) awards

    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
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1,820 $165,630,000 $91,005 $2,373 3.76%
    AKRON, OH (FHA|USDA|VA) 336 $34,000,000 $101,190 $2,417 3.82%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 48 $8,790,000 $183,125 $3,193 3.23%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 64 $6,810,000 $106,406 $2,702 3.94%
    Salem, OH (FHA|USDA|VA) 64 $6,640,000 $103,750 $2,665 3.55%
    Ashtabula, OH (FHA|USDA|VA) 14 $1,620,000 $115,714 $2,779 3.67%
    PITTSBURGH, PA (FHA|USDA|VA) 6 $1,520,000 $253,333 $4,077 3.02%
    COLUMBUS, OH (FHA|USDA|VA) 8 $1,440,000 $180,000 $2,995 4.21%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $710,000 $355,000 $3,821 3.13%
    Coshocton, OH (FHA|USDA|VA) 2 $660,000 $330,000 $3,906 3.63%
    New Castle, PA (FHA|USDA|VA) 6 $620,000 $103,333 $3,026 3.22%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $575,000 $191,667 $2,381 3.58%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $575,000 $191,667 $2,654 3.25%
    Ashland, OH (FHA|USDA|VA) 1 $315,000 $315,000 $4,159 3.00%
    TOLEDO, OH (FHA|USDA|VA) 2 $290,000 $145,000 $3,297 3.88%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $265,000 $265,000 $3,726 4.75%
    Outside of Metro Areas 2 $250,000 $125,000 $3,800 2.95%
    Marion, OH (FHA|USDA|VA) 1 $195,000 $195,000 $2,145 2.75%
    Sandusky, OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,761 2.50%
    Wooster, OH (FHA|USDA|VA) 2 $70,000 $35,000 $2,062 6.50%
    Indiana, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.34%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.24%
    Seven Seventeen Credit Union's top markets include Youngstown, Akron, Cleveland, Canton, and Salem among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Seven Seventeen Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 60
    Ohio Catholic Federal Credit Union
    Similarity Rank: 392
    CARDINAL CREDIT UNION, INC.
    Similarity Rank: 1020
    WEST PENN FINANCIAL SERVICE CENTER, INC.
    Similarity Rank: 1584
    THE BANKERS GUARANTEE TITLE & TRUST COMPANY
    Similarity Rank: 2457
    Republic State Mortgage Co.
    Similarity Rank: 2461
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 4140
    YOUR HOME FINANCIAL LLC
    Similarity Rank: 4844
    PULTE MORTGAGE LLC
    Similarity Rank: 4920
    Seven Seventeen Credit Union
    Similarity Rank: 5126

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,369 $187,235,000 $136,768 $2,437 3.35%
    HELOC 999 $41,595,000 $41,637 n/a 4.30%
    VA 18 $2,100,000 $116,667 $2,708 3.64%
    FHA 1 $75,000 $75,000 $1,813 3.75%
    USDA 1 $135,000 $135,000 $3,624 3.00%

    For 2020, Seven Seventeen Credit Union's most frequently originated type of loan was Conventional, with 1,369 originations. Their 2nd most popular type was HELOC, with 999 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,188 $118,330,000 $99,604 $2,174 3.68%
    Home Purchase 437 $60,095,000 $137,517 $2,946 3.17%
    Other 267 $11,515,000 $43,127 $470 4.75%
    Home Improvement 261 $9,505,000 $36,418 $460 4.28%
    Cash Out Refi 235 $31,695,000 $134,872 $2,634 3.48%

    For 2020, Seven Seventeen Credit Union's most frequently cited loan purpose was Refi, with 1,188 originations. The 2nd most popular reason was Home Purchase, with 437 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,012 $43,830,000 $43,310 $360 4.31%
    30 Year 724 $109,130,000 $150,732 $2,815 3.27%
    15 Year 427 $53,425,000 $125,117 $2,194 3.13%
    20 Year 129 $18,915,000 $146,628 $2,353 3.48%
    10 Year 84 $5,050,000 $60,119 $1,063 4.55%
    5 Year 10 $280,000 $28,000 $321 5.76%
    3 Year 1 $5,000 $5,000 $277 5.59%
    30+ year 1 $505,000 $505,000 $4,609 4.00%

    For 2020, Seven Seventeen Credit Union's most frequently cited loan duration was Other, with 1,012 originations. The 2nd most popular length was 30 Year, with 724 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 868 $124,860,000 $143,848
    $<1k 411 $43,395,000 $105,584
    $2k-3k 72 $12,540,000 $174,167
    $3k-4k 16 $3,350,000 $209,375
    $4k-5k 7 $1,495,000 $213,571
    $5k+ 6 $1,750,000 $291,667

    Seven Seventeen Credit Union's average total fees were $2,815, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 868 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,079 $89,245,000 $82,711
    2.5-3% 551 $83,975,000 $152,405
    4-5% 252 $15,630,000 $62,024
    <2.5% 195 $28,635,000 $146,846
    5-6% 162 $6,730,000 $41,543
    7-8% 56 $1,800,000 $32,143
    6-7% 43 $1,335,000 $31,047
    Over 8% 42 $1,380,000 $32,857

    During 2020, Seven Seventeen Credit Union's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 3-4%, with 1,079 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,486 $70,310,000 $47,315 $1,849 4.16%
    $100k-200k 650 $91,020,000 $140,031 $2,594 3.11%
    $200k-400k 241 $63,465,000 $263,340 $3,232 3.00%
    $400k-600k 10 $4,700,000 $470,000 $4,478 2.91%
    $1MM+ 1 $1,645,000 $1,645,000 $0 0.00%

    2020 saw Seven Seventeen Credit Union place emphasis on $100,000 or less loans with 1,486 originations, totaling $70,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 706 $58,030,000 $82,195 $2,362 3.74%
    $50k or less 581 $34,655,000 $59,647 $2,174 4.00%
    $100k-150k 439 $55,225,000 $125,797 $2,646 3.55%
    $75k-100k 428 $41,990,000 $98,107 $2,369 3.80%
    $150k-250k 192 $31,810,000 $165,677 $2,885 3.45%
    $250k+ 30 $6,790,000 $226,333 $3,214 3.50%

    Seven Seventeen Credit Union lent most frequently to those with incomes in the $50k-75k range, with 706 originations. The second most popular income band? $50k or less, with 581 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 737 $74,635,000 $101,269 $2,510 3.60%
    30-36% 458 $45,640,000 $99,651 $2,400 3.76%
    <20% 355 $32,155,000 $90,577 $2,369 3.46%
    36% 76 $7,290,000 $95,921 $2,519 3.88%
    43% 69 $7,275,000 $105,435 $2,430 3.94%
    44% 68 $8,000,000 $117,647 $2,621 4.11%
    39% 68 $5,870,000 $86,324 $2,574 4.04%
    37% 67 $5,895,000 $87,985 $2,778 4.03%
    40% 65 $5,615,000 $86,385 $2,394 3.94%
    42% 61 $5,525,000 $90,574 $2,342 4.04%
    41% 58 $5,460,000 $94,138 $2,511 3.85%
    38% 57 $4,775,000 $83,772 $2,337 3.84%
    45% 45 $4,335,000 $96,333 $2,565 3.96%
    47% 42 $3,850,000 $91,667 $2,195 4.01%
    49% 37 $3,855,000 $104,189 $2,334 3.78%
    48% 36 $3,770,000 $104,722 $2,564 3.80%
    50-60% 36 $1,740,000 $48,333 $1,205 4.60%
    46% 34 $2,540,000 $74,706 $1,984 4.42%
    >60% 4 $320,000 $80,000 $916 4.05%

    Seven Seventeen Credit Union lent most frequently to those with DTI ratios of 20-30%, with 737 originations. The next most common DTI ratio? 30-36%, with 458 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,032 $187,500,000 $92,274 $2,417 3.78%
    Not provided 279 $35,245,000 $126,326 $2,551 3.46%
    Black 62 $4,510,000 $72,742 $2,249 4.35%
    Not applicable 4 $1,950,000 $487,500 $0 0.00%
    Asian 8 $1,440,000 $180,000 $2,906 3.05%
    American Indian 2 $260,000 $130,000 $4,114 3.37%
    Asian Indian 1 $235,000 $235,000 $2,466 2.38%

    Approval Rates

    Total approvals of all applications
    84.14%

    Seven Seventeen Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    87.19%

    Seven Seventeen Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,388 $231,140,000 $96,792

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,790,000 $895,000
    Single Family (1-4 Units):Site-Built 2,386 $229,350,000 $96,123

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 496 $20,560,000 $41,452 $1,198 4.34%
    40-60% 350 $30,830,000 $88,086 $2,130 3.54%
    60-80% 728 $95,520,000 $131,209 $2,533 3.37%
    80-100% 507 $73,455,000 $144,882 $2,792 3.28%
    Over 100% 1 $25,000 $25,000 $0 3.59%
    Under 20% 298 $8,430,000 $28,289 $637 4.75%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    SFMC L.P. FHA mortgage Trouble during payment process 3 100.0%