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 Home Improvement, Cash Out Refi, and Home Purchase loans. Peach State Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Athens, Cornelia, Summerville, and Jefferson among others. We have data for 14 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.

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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






    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

    258

    Origination Dollar Volume (All Markets)

    $33,610,000

    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) 176 $22,000,000 $125,000 $3,940 5.06%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 11 $2,315,000 $210,455 $6,121 5.03%
    Outside of Metro Areas 16 $1,810,000 $113,125 $3,618 4.81%
    Cornelia, GA (FHA|USDA|VA) 8 $1,180,000 $147,500 $4,089 4.86%
    Summerville, GA (FHA|USDA|VA) 7 $1,175,000 $167,857 $4,799 4.88%
    Jefferson, GA (FHA|USDA|VA) 8 $1,130,000 $141,250 $4,355 5.34%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 7 $1,045,000 $149,286 $5,359 4.00%
    Toccoa, GA (FHA|USDA|VA) 9 $895,000 $99,444 $5,011 4.69%
    GAINESVILLE, GA (FHA|USDA|VA) 7 $835,000 $119,286 $4,812 4.73%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 5 $745,000 $149,000 $4,455 4.53%
    Seneca, SC (FHA|USDA|VA) 1 $225,000 $225,000 $5,461 4.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $105,000 $105,000 $4,643 3.88%
    ALBANY, GA (FHA|USDA|VA) 1 $85,000 $85,000 $2,992 3.25%
    Wilson, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.75%
    Peach State Federal Credit Union's top markets include Atlanta, Athens, Cornelia, Summerville, and Jefferson among others.

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

    LGE COMMUNITY
    Similarity Rank: 594
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 2249
    Opendoor Home Loans LLC
    Similarity Rank: 2300
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 2632
    PEACH STATE FEDERAL CREDIT UNION
    Similarity Rank: 2660
    CDC Federal Credit Union
    Similarity Rank: 2830
    CONSUMERS COOPERATIVE CREDIT UNION
    Similarity Rank: 3264
    IVY MORTGAGE, INC.
    Similarity Rank: 3648
    First American Bank and Trust Company
    Similarity Rank: 3960
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 4212

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 130 $23,820,000 $183,231 $4,243 4.77%
    HELOC 128 $9,790,000 $76,484 n/a 5.17%

    For 2022, Peach State Federal Credit Union's most frequently originated type of loan was Conventional, with 130 originations. Their 2nd most popular type was HELOC, with 128 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 117 $9,015,000 $77,051 $1,237 5.41%
    Other 50 $4,180,000 $83,600 $605 5.08%
    Cash Out Refi 46 $8,410,000 $182,826 $5,081 4.14%
    Home Purchase 34 $9,610,000 $282,647 $6,689 4.70%
    Refi 11 $2,395,000 $217,727 $4,570 4.00%

    For 2022, Peach State Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 117 originations. The 2nd most popular reason was Other, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 128 $9,790,000 $76,484 $0 5.17%
    30 Year 78 $19,040,000 $244,103 $5,989 4.45%
    15 Year 30 $3,220,000 $107,333 $1,683 5.19%
    10 Year 11 $565,000 $51,364 $650 5.78%
    5 Year 7 $485,000 $69,286 $331 5.32%
    20 Year 4 $510,000 $127,500 $4,169 3.91%

    For 2022, Peach State Federal Credit Union's most frequently cited loan duration was Other, with 128 originations. The 2nd most popular length was 30 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 47 $3,885,000 $82,660
    $2k-3k 19 $2,795,000 $147,105
    $1k-2k 18 $3,040,000 $168,889
    $4k-5k 17 $5,025,000 $295,588
    $3k-4k 14 $2,970,000 $212,143
    $5k+ 13 $5,795,000 $445,769

    Peach State Federal Credit Union's average total fees were $5,989, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 47 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 90 $11,510,000 $127,889
    3-4% 66 $8,470,000 $128,333
    5-6% 50 $8,520,000 $170,400
    6-7% 43 $3,305,000 $76,860
    2.5-3% 5 $1,485,000 $297,000
    7-8% 4 $320,000 $80,000

    During 2022, Peach State Federal Credit Union's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 4-5%, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 136 $7,680,000 $56,471 $1,425 5.17%
    $100k-200k 73 $9,895,000 $135,548 $3,924 4.88%
    $200k-400k 41 $11,475,000 $279,878 $6,588 4.55%
    $400k-600k 4 $1,960,000 $490,000 $9,563 4.94%
    $600k-1MM 4 $2,600,000 $650,000 $10,627 3.97%

    2022 saw Peach State Federal Credit Union place emphasis on $100,000 or less loans with 136 originations, totaling $7,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 64 $8,640,000 $135,000 $4,600 5.21%
    $50k-75k 55 $6,335,000 $115,182 $4,414 4.73%
    $75k-100k 53 $7,495,000 $141,415 $3,416 4.85%
    $150k-250k 44 $6,180,000 $140,455 $7,329 5.16%
    $50k or less 25 $2,235,000 $89,400 $3,394 4.67%
    $250k+ 8 $2,000,000 $250,000 $8,049 4.83%

    Peach State Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 64 originations. The second most popular income band? $50k-75k, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 72 $8,350,000 $115,972 $4,413 4.94%
    30-36% 48 $7,180,000 $149,583 $4,714 4.88%
    <20% 43 $5,305,000 $123,372 $5,018 4.87%
    37% 14 $1,750,000 $125,000 $4,663 5.37%
    43% 12 $1,390,000 $115,833 $2,058 5.18%
    38% 11 $1,765,000 $160,455 $5,798 4.49%
    36% 11 $905,000 $82,273 $5,143 5.10%
    42% 10 $1,480,000 $148,000 $5,049 5.44%
    44% 8 $1,040,000 $130,000 $2,184 5.41%
    41% 7 $1,055,000 $150,714 $3,285 5.14%
    40% 6 $610,000 $101,667 $1,903 5.06%
    39% 5 $915,000 $183,000 $7,196 5.23%
    45% 4 $880,000 $220,000 $2,596 4.19%
    46% 2 $330,000 $165,000 $4,727 3.88%
    >60% 2 $150,000 $75,000 $0 5.00%
    49% 1 $195,000 $195,000 $4,969 4.13%

    Peach State Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 72 originations. The next most common DTI ratio? 30-36%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 183 $23,025,000 $125,820 $4,376 4.91%
    Black 45 $4,885,000 $108,556 $2,939 4.94%
    Not provided 22 $4,400,000 $200,000 $5,186 5.19%
    Asian 6 $850,000 $141,667 $6,976 6.02%
    Not applicable 1 $235,000 $235,000 $0 5.75%
    Asian Indian 1 $215,000 $215,000 $3,843 3.38%

    Approval Rates

    Total approvals of all applications
    85.21%

    Peach State Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.71%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 258 $33,610,000 $130,271

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    258 $33,610,000 $130,271

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 59 $5,855,000 $99,237 $2,005 5.15%
    40-60% 34 $6,540,000 $192,353 $4,782 4.40%
    60-80% 35 $7,365,000 $210,429 $5,701 4.32%
    80-100% 25 $8,075,000 $323,000 $7,343 4.63%
    Under 20% 105 $5,775,000 $55,000 $441 5.34%