Peach State Federal Credit Union Mortgage Rates, Fees & Info
Lawrenceville, GALEI: 549300BYOVJ9X6PKXV28
Tax ID: 58-6034029
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Mortgage Data
Review & Overview
Peach State Federal Credit Union is a smaller credit union specializing in Home Improvement and Other loans. Peach State Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Cornelia, Athens, Summerville, and Jefferson among others. We have data for 13 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.
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 | 6.60% | 12/16/24 |
| 30 Year Conventional Refi | 6.43% | 12/16/24 |
| 30 Year Cash-out Refi | 6.56% | 12/16/24 |
| 15 Year Conventional Purchase | 6.12% | 12/16/24 |
| 15 Year Conventional Refi | 5.95% | 12/16/24 |
| 15 Year Cash-out Refi | 5.95% | 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. | ||
Peach State Federal 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
129Origination Dollar Volume (All Markets)
$6,665,000Top 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) | 90 | $4,620,000 | $51,333 | $257 | 5.52% |
| Cornelia, GA (FHA|USDA|VA) | 7 | $435,000 | $62,143 | $0 | 4.93% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 8 | $350,000 | $43,750 | $110 | 5.25% |
| Summerville, GA (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 4.50% |
| Jefferson, GA (FHA|USDA|VA) | 6 | $250,000 | $41,667 | $323 | 5.92% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $0 | 5.00% |
| Outside of Metro Areas | 4 | $170,000 | $42,500 | $485 | 6.00% |
| Toccoa, GA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 5.25% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $858 | 6.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.50% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 86 | $4,140,000 | $48,140 | n/a | 5.29% |
| Conventional | 43 | $2,525,000 | $58,721 | $277 | 5.78% |
For 2018, Peach State Federal Credit Union's most frequently originated type of loan was HELOC, with 86 originations. Their 2nd most popular type was Conventional, with 43 originations.
Loan Reason
For 2018, Peach State Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 65 originations. The 2nd most popular reason was Other, with 52 originations.
Loan Duration/Length
For 2018, Peach State Federal Credit Union's most frequently cited loan duration was Other, with 87 originations. The 2nd most popular length was 15 Year, with 19 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 34 | $1,410,000 | $41,471 |
Peach State Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 34 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 87 | $4,305,000 | $49,483 |
| 4-5% | 19 | $1,145,000 | $60,263 |
| 6-7% | 12 | $530,000 | $44,167 |
| 3-4% | 8 | $540,000 | $67,500 |
| 7-8% | 3 | $145,000 | $48,333 |
During 2018, Peach State Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 87 originations.
Loan Sizing
2018 saw Peach State Federal Credit Union place emphasis on $100,000 or less loans with 120 originations, totaling $5,160,000 in origination value.
Applicant Income
Peach State Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 31 originations. The second most popular income band? $100k-150k, with 30 originations.
Applicant Debt to Income Ratio
Peach State Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? <20%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.64%
Peach State Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination48.84%
Peach State Federal 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 |
|---|---|---|---|
| NA | 129 | $6,665,000 | $51,667 |