Peach State Federal Credit Union Mortgage Rates, Fees & Info

Lawrenceville, GA

LEI: 549300BYOVJ9X6PKXV28

Tax ID: 58-6034029

5 stars - Updated: 5/20/25 - out of 5 stars, based on 15 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Peach State Federal Credit Union is a smaller credit union specializing in Home Improvement, Home Purchase, and Cash Out Refi loans. Peach State Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Jefferson, Athens, Greenville, and Cornelia among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Peach State Federal 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. Peach State Federal Credit Union is typically an average 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.24% 5/20/25
30 Year Conventional Refi 6.72% 5/20/25
30 Year Cash-out Refi 6.12% 5/20/25
15 Year Conventional Purchase 5.85% 5/20/25
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.

Peach State Federal Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Peach State Federal 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

225

Origination Dollar Volume (All Markets)

$28,195,000

Awards

PEACH STATE FEDERAL CREDIT UNION 30 Year Conventional Loans gold PEACH STATE FEDERAL CREDIT UNION 30 Year Conventional Loans gold
Show all (2) awards

Relative Rate

Peach State Federal Credit Union's average 30 year fixed mortgage rate was 5.81%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of -0.74%.

Relative Fees (Closing Costs)

Peach State Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $7,869.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 136 $13,710,000 $100,809 $3,927 7.72%
Jefferson, GA (FHA|USDA|VA) 13 $3,135,000 $241,154 $10,167 6.86%
Outside of Metro Areas 18 $2,610,000 $145,000 $6,973 7.12%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 11 $1,385,000 $125,909 $5,115 7.43%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 7 $1,335,000 $190,714 $6,047 6.52%
Cornelia, GA (FHA|USDA|VA) 7 $1,115,000 $159,286 $5,886 7.13%
GAINESVILLE, GA (FHA|USDA|VA) 7 $1,055,000 $150,714 $7,336 6.89%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 8 $680,000 $85,000 $6,175 7.13%
Toccoa, GA (FHA|USDA|VA) 5 $625,000 $125,000 $5,195 6.55%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $595,000 $595,000 $14,701 6.00%
Summerville, GA (FHA|USDA|VA) 4 $570,000 $142,500 $6,214 5.97%
PITTSBURGH, PA (FHA|USDA|VA) 1 $425,000 $425,000 $11,176 5.50%
Calhoun, GA (FHA|USDA|VA) 1 $385,000 $385,000 $9,025 5.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $305,000 $101,667 $3,678 7.63%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $205,000 $205,000 $6,063 6.00%
BRUNSWICK, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.25%
Peach State Federal Credit Union's top markets include Atlanta, Jefferson, Athens, Greenville, and Cornelia among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against PEACH STATE FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CRESCENT MORTGAGE COMPANY
    Similarity Rank: 80
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 960
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 960
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 1450
    South Pacific Financial Corporation
    Similarity Rank: 2183
    ROBINS FINANCIAL
    Similarity Rank: 2185
    Credence Funding Corporation
    Similarity Rank: 2448
    PEACH STATE FEDERAL CREDIT UNION
    Similarity Rank: 2788
    COCA-COLA
    Similarity Rank: 3360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 144 $10,010,000 $69,514 n/a 7.80%
    Conventional 81 $18,185,000 $224,506 $5,620 6.73%

    For 2024, Peach State Federal Credit Union's most frequently originated type of loan was HELOC, with 144 originations. Their 2nd most popular type was Conventional, with 81 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 144 $9,610,000 $66,736 $703 7.89%
    Home Purchase 32 $10,870,000 $339,688 $8,644 5.89%
    Other 25 $2,065,000 $82,600 $1,351 8.20%
    Cash Out Refi 24 $5,650,000 $235,417 $6,780 5.73%

    For 2024, Peach State Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 144 originations. The 2nd most popular reason was Home Purchase, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 121 $8,565,000 $70,785 $0 7.58%
    30 Year 52 $15,440,000 $296,923 $7,869 5.81%
    10 Year 30 $2,270,000 $75,667 $1,496 8.65%
    15 Year 20 $1,860,000 $93,000 $1,516 8.65%
    5 Year 2 $60,000 $30,000 $538 7.75%

    For 2024, Peach State Federal Credit Union's most frequently cited loan duration was Other, with 121 originations. The 2nd most popular length was 30 Year, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 25 $1,665,000 $66,600
    $5k+ 21 $9,225,000 $439,286
    $4k-5k 15 $4,235,000 $282,333
    $2k-3k 11 $1,355,000 $123,182
    $3k-4k 6 $1,190,000 $198,333
    $1k-2k 2 $140,000 $70,000

    Peach State Federal Credit Union's average total fees were $7,869, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 25 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 110 $7,320,000 $66,545
    5-6% 45 $13,905,000 $309,000
    Over 8% 43 $3,245,000 $75,465
    6-7% 24 $3,150,000 $131,250
    4-5% 3 $575,000 $191,667

    During 2024, Peach State Federal Credit Union's average interest rate for loans was 5.81%, while their most frequently originated rate bucket for loans was 7-8%, with 110 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 139 $7,895,000 $56,799 $1,451 7.87%
    $100k-200k 46 $5,810,000 $126,304 $4,266 7.39%
    $200k-400k 28 $8,560,000 $305,714 $7,906 5.88%
    $400k-600k 11 $5,325,000 $484,091 $11,108 5.84%
    $600k-1MM 1 $605,000 $605,000 $12,206 6.00%

    2024 saw Peach State Federal Credit Union place emphasis on $100,000 or less loans with 139 originations, totaling $7,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 68 $8,060,000 $118,529 $4,861 7.50%
    $75k-100k 49 $5,505,000 $112,347 $4,977 7.48%
    $150k-250k 46 $8,130,000 $176,739 $7,332 7.19%
    $50k-75k 35 $3,295,000 $94,143 $4,627 7.50%
    $50k or less 14 $1,040,000 $74,286 $5,272 7.39%
    $250k+ 7 $1,795,000 $256,429 $10,186 6.93%

    Peach State Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 68 originations. The second most popular income band? $75k-100k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 56 $5,790,000 $103,393 $5,277 7.31%
    30-36% 50 $6,630,000 $132,600 $5,777 7.39%
    <20% 24 $2,610,000 $108,750 $6,578 7.12%
    37% 17 $1,975,000 $116,176 $7,710 7.26%
    43% 12 $1,450,000 $120,833 $3,974 8.06%
    38% 11 $1,455,000 $132,273 $4,522 7.81%
    39% 11 $1,695,000 $154,091 $7,816 7.24%
    36% 11 $935,000 $85,000 $3,236 7.74%
    40% 8 $1,630,000 $203,750 $7,575 7.03%
    44% 8 $1,170,000 $146,250 $3,032 8.61%
    41% 7 $1,055,000 $150,714 $7,502 7.21%
    42% 6 $820,000 $136,667 $4,118 7.48%
    >60% 1 $65,000 $65,000 $0 7.50%
    46% 1 $25,000 $25,000 $0 7.75%
    50-60% 1 $515,000 $515,000 $11,457 6.00%

    Peach State Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 56 originations. The next most common DTI ratio? 30-36%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 147 $18,395,000 $125,136 $5,610 7.26%
    Not provided 32 $4,780,000 $149,375 $8,143 7.32%
    Black 41 $4,155,000 $101,341 $3,181 8.04%
    Asian 3 $665,000 $221,667 $10,191 7.21%
    Asian Indian 1 $155,000 $155,000 $0 7.75%
    American Indian 1 $45,000 $45,000 $0 7.75%

    Approval Rates

    Total approvals of all applications
    76.72%

    Peach State Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.33%

    Peach State Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 225 $28,195,000 $125,311

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    225 $28,195,000 $125,311

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 59 $6,915,000 $117,203 $4,125 7.59%
    40-60% 9 $1,515,000 $168,333 $6,668 6.53%
    60-80% 20 $5,910,000 $295,500 $8,020 5.88%
    80-100% 19 $6,885,000 $362,368 $8,977 5.95%
    Under 20% 118 $6,970,000 $59,068 $1,157 7.89%