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

Jump to:

  • 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 low ratio of USDA loans. Their top markets by origination volume include: Youngstown, Akron, Canton, Cleveland, and Salem among others. We have data for 25 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% 4/18/24
    30 Year Conventional Refi 6.57% 4/18/24
    30 Year Cash-out Refi 6.92% 4/18/24
    30 Year FHA Purchase 6.97% 4/18/24
    30 Year FHA Refi 7.21% 4/18/24
    30 Year VA Purchase 6.69% 4/18/24
    15 Year Conventional Purchase 5.93% 4/18/24
    15 Year Conventional Refi 6.70% 4/18/24
    15 Year Cash-out Refi 6.70% 4/18/24
    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

    2,384

    Origination Dollar Volume (All Markets)

    $225,530,000
    Show all (6) 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) 1,785 $154,345,000 $86,468 $2,588 3.61%
    AKRON, OH (FHA|USDA|VA) 330 $30,680,000 $92,970 $2,795 3.80%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 92 $8,480,000 $92,174 $2,963 3.61%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 42 $8,120,000 $193,333 $3,462 3.71%
    Salem, OH (FHA|USDA|VA) 71 $8,035,000 $113,169 $3,118 3.59%
    Indiana, PA (FHA|USDA|VA) 1 $4,495,000 $4,495,000 $0 3.85%
    Ashtabula, OH (FHA|USDA|VA) 24 $3,720,000 $155,000 $3,278 3.22%
    ALTOONA, PA (FHA|USDA|VA) 1 $2,605,000 $2,605,000 $0 3.85%
    COLUMBUS, OH (FHA|USDA|VA) 9 $1,795,000 $199,444 $3,278 3.57%
    TOLEDO, OH (FHA|USDA|VA) 5 $1,245,000 $249,000 $3,092 2.53%
    New Castle, PA (FHA|USDA|VA) 5 $475,000 $95,000 $2,958 3.22%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $380,000 $190,000 $3,064 2.25%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 3 $245,000 $81,667 $2,128 4.04%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $225,000 $225,000 $3,098 2.75%
    Zanesville, OH (FHA|USDA|VA) 1 $135,000 $135,000 $3,029 2.25%
    MANSFIELD, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,934 2.88%
    Marion, OH (FHA|USDA|VA) 2 $70,000 $35,000 $0 3.54%
    ERIE, PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,044 2.75%
    DuBois, PA (FHA|USDA|VA) 1 $65,000 $65,000 $2,974 4.00%
    Defiance, OH (FHA|USDA|VA) 2 $60,000 $30,000 $0 3.57%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.38%
    Wooster, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.09%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.09%
    Outside of Metro Areas 1 $25,000 $25,000 $0 7.39%
    Norwalk, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.99%
    Seven Seventeen Credit Union's top markets include Youngstown, Akron, Canton, Cleveland, and Salem among others.

    Their top states include:
  • Ohio (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: 52
    Community Star Credit Union
    Similarity Rank: 792
    First Federal Savings and Loan Association of Lorain
    Similarity Rank: 873
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 874
    CARDINAL CREDIT UNION, INC.
    Similarity Rank: 1672
    AFFORDABLE MORTGAGE ADVISORS, LLC.
    Similarity Rank: 1701
    Ohio Catholic Federal Credit Union
    Similarity Rank: 2520
    PULTE MORTGAGE LLC
    Similarity Rank: 2583
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 3965
    Union Savings Bank
    Similarity Rank: 4785

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,189 $171,215,000 $143,999 $2,650 3.17%
    HELOC 1,173 $50,845,000 $43,346 n/a 4.11%
    VA 20 $3,260,000 $163,000 $4,575 3.28%
    USDA 2 $210,000 $105,000 $4,157 3.19%

    For 2021, Seven Seventeen Credit Union's most frequently originated type of loan was Conventional, with 1,189 originations. Their 2nd most popular type was HELOC, with 1,173 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,029 $92,895,000 $90,277 $2,248 3.59%
    Home Purchase 421 $66,495,000 $157,945 $3,171 3.10%
    Home Improvement 323 $12,345,000 $38,220 $377 4.27%
    Other 320 $13,770,000 $43,031 $465 4.31%
    Cash Out Refi 291 $40,025,000 $137,543 $2,915 3.10%

    For 2021, Seven Seventeen Credit Union's most frequently cited loan purpose was Refi, with 1,029 originations. The 2nd most popular reason was Home Purchase, with 421 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,769 $148,855,000 $84,146 $3,076 3.75%
    15 Year 371 $42,815,000 $115,404 $2,364 2.84%
    Other 89 $3,665,000 $41,180 $322 4.34%
    10 Year 77 $13,475,000 $175,000 $1,248 4.15%
    20 Year 69 $9,485,000 $137,464 $2,323 3.29%
    5 Year 9 $7,235,000 $803,889 $354 5.33%

    For 2021, Seven Seventeen Credit Union's most frequently cited loan duration was 30 Year, with 1,769 originations. The 2nd most popular length was 15 Year, with 371 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 784 $108,850,000 $138,839
    $<1k 272 $28,780,000 $105,809
    $2k-3k 55 $9,785,000 $177,909
    $3k-4k 15 $2,685,000 $179,000
    $4k-5k 10 $2,540,000 $254,000
    $5k+ 3 $705,000 $235,000

    Seven Seventeen Credit Union's average total fees were $3,076, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 784 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,255 $105,495,000 $84,060
    2.5-3% 466 $67,990,000 $145,901
    <2.5% 242 $30,280,000 $125,124
    4-5% 154 $11,920,000 $77,403
    5-6% 132 $5,460,000 $41,364
    7-8% 59 $1,945,000 $32,966
    6-7% 47 $1,425,000 $30,319
    Over 8% 26 $770,000 $29,615

    During 2021, Seven Seventeen Credit Union's average interest rate for loans was 3.75%, while their most frequently originated rate bucket for loans was 3-4%, with 1,255 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,607 $75,825,000 $47,184 $2,066 3.93%
    $100k-200k 573 $79,855,000 $139,363 $2,859 3.00%
    $200k-400k 181 $46,505,000 $256,934 $3,536 3.01%
    $400k-600k 17 $7,775,000 $457,353 $4,286 2.99%
    $1MM+ 6 $15,570,000 $2,595,000 $0 3.93%

    2021 saw Seven Seventeen Credit Union place emphasis on $100,000 or less loans with 1,607 originations, totaling $75,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 726 $59,140,000 $81,460 $2,676 3.61%
    $50k or less 602 $38,040,000 $63,189 $2,508 3.67%
    $75k-100k 436 $40,260,000 $92,339 $2,681 3.63%
    $100k-150k 397 $38,645,000 $97,343 $2,717 3.65%
    $150k-250k 165 $24,725,000 $149,848 $3,159 3.49%
    $250k+ 31 $7,125,000 $229,839 $3,709 3.29%

    Seven Seventeen Credit Union lent most frequently to those with incomes in the $50k-75k range, with 726 originations. The second most popular income band? $50k or less, with 602 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 620 $49,530,000 $79,887 $2,624 3.57%
    30-36% 464 $41,680,000 $89,828 $2,695 3.67%
    <20% 314 $24,350,000 $77,548 $2,519 3.34%
    40% 90 $9,870,000 $109,667 $2,804 3.67%
    38% 90 $9,530,000 $105,889 $2,825 3.67%
    44% 87 $9,945,000 $114,310 $2,931 3.85%
    36% 80 $7,000,000 $87,500 $2,623 3.72%
    37% 78 $7,130,000 $91,410 $2,734 3.60%
    42% 69 $6,685,000 $96,884 $3,278 3.55%
    41% 65 $6,705,000 $103,154 $2,657 3.69%
    45% 62 $6,220,000 $100,323 $2,818 3.76%
    43% 61 $5,425,000 $88,934 $2,613 3.58%
    39% 60 $5,080,000 $84,667 $2,549 3.92%
    47% 53 $4,215,000 $79,528 $2,651 3.68%
    48% 42 $4,050,000 $96,429 $2,571 3.58%
    49% 41 $4,635,000 $113,049 $2,964 3.35%
    46% 38 $2,690,000 $70,789 $2,406 4.20%
    50-60% 31 $2,345,000 $75,645 $2,734 4.41%
    >60% 3 $115,000 $38,333 $0 3.37%

    Seven Seventeen Credit Union lent most frequently to those with DTI ratios of 20-30%, with 620 originations. The next most common DTI ratio? 30-36%, with 464 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,112 $183,530,000 $86,899 $2,682 3.63%
    Not provided 173 $19,605,000 $113,324 $2,761 3.32%
    Not applicable 25 $17,285,000 $691,400 $280 4.34%
    Black 62 $3,960,000 $63,871 $2,423 4.14%
    Asian 7 $765,000 $109,286 $3,096 3.11%
    American Indian 4 $240,000 $60,000 $0 4.42%
    Other Pacific Islander 1 $145,000 $145,000 $3,230 3.38%

    Approval Rates

    Total approvals of all applications
    84.18%

    Seven Seventeen Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.04%

    Seven Seventeen Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,384 $225,530,000 $94,602

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,384 $225,530,000 $94,602

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 524 $24,440,000 $46,641 $1,458 4.12%
    40-60% 386 $32,430,000 $84,016 $2,407 3.27%
    60-80% 619 $88,505,000 $142,981 $2,725 3.18%
    80-100% 445 $67,635,000 $151,989 $3,047 3.22%
    Over 100% 6 $1,200,000 $200,000 $5,903 3.25%
    Under 20% 403 $11,295,000 $28,027 $273 4.47%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    SFMC L.P. Conventional home mortgage Struggling to pay mortgage 2 50.0%
    SFMC L.P. FHA mortgage Trouble during payment process 2 50.0%