Peach State Federal Credit Union Mortgage Rates, Fees & Info

Lawrenceville, GA

LEI: 549300BYOVJ9X6PKXV28

Tax ID: 58-6034029

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
  • 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

    Peach State Federal Credit Union is a smaller credit union specializing in Refi loans. Peach State Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Jefferson, Athens, Cornelia, and Toccoa among others. We have data for 21 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 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.

    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 6.60% 4/28/24
    30 Year Conventional Refi 6.43% 4/28/24
    30 Year Cash-out Refi 6.56% 4/28/24
    15 Year Conventional Purchase 6.12% 4/28/24
    15 Year Conventional Refi 5.95% 4/28/24
    15 Year Cash-out Refi 5.95% 4/28/24
    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






    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

    353

    Origination Dollar Volume (All Markets)

    $53,605,000

    Awards

    PEACH STATE FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
    Show all (1) 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
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 234 $37,830,000 $161,667 $3,166 3.36%
    Jefferson, GA (FHA|USDA|VA) 22 $2,480,000 $112,727 $2,950 3.25%
    Outside of Metro Areas 15 $2,275,000 $151,667 $3,267 3.49%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 18 $2,200,000 $122,222 $2,913 3.31%
    Cornelia, GA (FHA|USDA|VA) 11 $1,675,000 $152,273 $3,838 3.45%
    Toccoa, GA (FHA|USDA|VA) 10 $1,340,000 $134,000 $3,315 3.16%
    GAINESVILLE, GA (FHA|USDA|VA) 9 $1,235,000 $137,222 $3,169 3.50%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 8 $1,060,000 $132,500 $3,246 3.33%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $655,000 $218,333 $3,476 2.92%
    Summerville, GA (FHA|USDA|VA) 7 $565,000 $80,714 $3,123 3.09%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $410,000 $102,500 $3,247 3.19%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $375,000 $375,000 $9,966 3.00%
    Greenwood, SC (FHA|USDA|VA) 3 $315,000 $105,000 $4,312 3.88%
    SAVANNAH, GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,418 3.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $2,714 3.13%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,129 3.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $145,000 $145,000 $2,298 3.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $135,000 $135,000 $4,676 3.38%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $95,000 $95,000 $3,934 2.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,439 3.13%
    Seneca, SC (FHA|USDA|VA) 1 $75,000 $75,000 $1,465 5.75%
    Peach State Federal Credit Union's top markets include Atlanta, Jefferson, Athens, Cornelia, and Toccoa among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (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.

    Emory Alliance Credit Union
    Similarity Rank: 305
    Credence Funding Corporation
    Similarity Rank: 707
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 1218
    Queensborough National Bank & Trust Company
    Similarity Rank: 1950
    Aurora Financial, LLC
    Similarity Rank: 2263
    First American Bank and Trust Company
    Similarity Rank: 2288
    POWERCO
    Similarity Rank: 2296
    CDC Federal Credit Union
    Similarity Rank: 2496
    LGE COMMUNITY
    Similarity Rank: 2755
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 3380

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 258 $47,170,000 $182,829 $3,212 3.10%
    HELOC 95 $6,435,000 $67,737 n/a 4.00%

    For 2021, Peach State Federal Credit Union's most frequently originated type of loan was Conventional, with 258 originations. Their 2nd most popular type was HELOC, with 95 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 208 $38,650,000 $185,817 $3,311 2.98%
    Home Improvement 58 $2,880,000 $49,655 $644 4.15%
    Other 47 $3,575,000 $76,064 $424 4.09%
    Home Purchase 40 $8,500,000 $212,500 $3,535 3.19%

    For 2021, Peach State Federal Credit Union's most frequently cited loan purpose was Refi, with 208 originations. The 2nd most popular reason was Home Improvement, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 138 $25,740,000 $186,522 $3,526 3.22%
    Other 95 $6,435,000 $67,737 $0 4.00%
    15 Year 80 $16,280,000 $203,500 $2,873 2.81%
    20 Year 26 $3,910,000 $150,385 $3,348 3.00%
    10 Year 11 $805,000 $73,182 $1,708 3.67%
    5 Year 3 $435,000 $145,000 $285 4.67%

    For 2021, Peach State Federal Credit Union's most frequently cited loan duration was 30 Year, with 138 originations. The 2nd most popular length was Other, with 95 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 147 $23,525,000 $160,034
    $1k-2k 72 $11,760,000 $163,333
    $2k-3k 18 $3,300,000 $183,333
    $3k-4k 6 $1,120,000 $186,667
    $5k+ 5 $1,345,000 $269,000
    $4k-5k 3 $755,000 $251,667

    Peach State Federal Credit Union's average total fees were $3,526, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 147 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 179 $25,755,000 $143,883
    2.5-3% 112 $20,270,000 $180,982
    <2.5% 38 $4,960,000 $130,526
    4-5% 20 $2,040,000 $102,000
    5-6% 1 $75,000 $75,000

    During 2021, Peach State Federal Credit Union's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 3-4%, with 179 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 152 $21,270,000 $139,934 $3,120 3.11%
    $100,000 or less 119 $6,625,000 $55,672 $2,270 3.80%
    $200k-400k 79 $20,445,000 $258,797 $3,873 3.09%
    $400k-600k 2 $910,000 $455,000 $0 4.00%
    $1MM+ 1 $4,355,000 $4,355,000 $0 3.88%

    2021 saw Peach State Federal Credit Union place emphasis on $100k-200k loans with 152 originations, totaling $21,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 94 $11,810,000 $125,638 $3,379 3.31%
    $75k-100k 80 $12,520,000 $156,500 $3,312 3.32%
    $100k-150k 66 $9,550,000 $144,697 $2,884 3.35%
    $50k or less 62 $7,220,000 $116,452 $3,105 3.15%
    $150k-250k 40 $6,790,000 $169,750 $3,355 3.60%
    $250k+ 5 $905,000 $181,000 $4,122 3.68%

    Peach State Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 94 originations. The second most popular income band? $75k-100k, with 80 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 108 $14,430,000 $133,611 $3,150 3.33%
    30-36% 70 $9,280,000 $132,571 $3,050 3.36%
    <20% 58 $7,710,000 $132,931 $3,076 3.40%
    44% 12 $1,700,000 $141,667 $2,812 3.36%
    42% 10 $1,320,000 $132,000 $3,131 3.36%
    36% 10 $1,270,000 $127,000 $3,562 3.55%
    39% 10 $1,650,000 $165,000 $3,568 3.34%
    40% 10 $1,370,000 $137,000 $3,361 3.30%
    45% 9 $1,805,000 $200,556 $4,246 3.11%
    43% 9 $1,355,000 $150,556 $3,196 3.21%
    41% 7 $1,195,000 $170,714 $4,319 3.55%
    47% 6 $1,150,000 $191,667 $3,695 2.88%
    49% 5 $895,000 $179,000 $3,728 3.05%
    38% 5 $685,000 $137,000 $3,623 3.43%
    37% 5 $915,000 $183,000 $3,383 3.38%
    48% 5 $715,000 $143,000 $2,671 2.90%
    50-60% 4 $370,000 $92,500 $2,522 3.28%
    46% 3 $425,000 $141,667 $2,423 3.71%
    >60% 1 $105,000 $105,000 $3,647 3.38%

    Peach State Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 108 originations. The next most common DTI ratio? 30-36%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 236 $31,530,000 $133,602 $3,105 3.38%
    Black 71 $9,935,000 $139,930 $3,443 3.43%
    Not provided 42 $7,270,000 $173,095 $3,319 3.01%
    Not applicable 2 $4,620,000 $2,310,000 $0 4.19%
    Asian 1 $125,000 $125,000 $2,891 3.00%
    Other Pacific Islander 1 $125,000 $125,000 $4,244 3.38%

    Approval Rates

    Total approvals of all applications
    87.85%

    Peach State Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.56%

    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 353 $53,605,000 $151,856

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    353 $53,605,000 $151,856

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 63 $6,265,000 $99,444 $2,657 3.42%
    40-60% 95 $15,235,000 $160,368 $3,093 2.92%
    60-80% 94 $21,860,000 $232,553 $3,633 3.22%
    80-100% 33 $7,055,000 $213,788 $3,693 3.27%
    Under 20% 65 $2,685,000 $41,308 $462 4.12%