Gold Credit Union Mortgage Rates, Fees & Info
Allentown, PALEI: 549300DJES4HXFQRN790
Tax ID: 23-0937747
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Gold Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Gold Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Philadelphia, Pottsville, Scranton, and New York among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Gold Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
161Origination Dollar Volume (All Markets)
$28,725,000Top 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 |
|---|---|---|---|---|---|
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 105 | $15,725,000 | $149,762 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 13 | $4,265,000 | $328,077 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 8 | $1,380,000 | $172,500 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 7 | $1,365,000 | $195,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $255,000 | $255,000 | $0 | 0.00% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Bradford, PA (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 161 | $28,725,000 | $178,416 | $0 | 0.00% |
For 2020, Gold Credit Union's most frequently originated type of loan was Conventional, with 161 originations.
Loan Reason
For 2020, Gold Credit Union's most frequently cited loan purpose was Cash Out Refi, with 66 originations. The 2nd most popular reason was Home Purchase, with 36 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 161 | $28,725,000 | $178,416 | $0 | 0.00% |
For 2020, Gold Credit Union's most frequently cited loan duration was Other, with 161 originations.
Loan Sizing
2020 saw Gold Credit Union place emphasis on $100,000 or less loans with 55 originations, totaling $2,765,000 in origination value.
Applicant Income
Gold Credit Union lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $150k-250k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 161 | $28,725,000 | $178,416 | $0 | 0.00% |
Gold Credit Union lent most frequently to those with DTI ratios of Exempt%, with 161 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.21%
Gold Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination65.84%
Gold 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 |
|---|---|---|---|
| Exempt | 161 | $28,725,000 | $178,416 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $55,000 | $55,000 |
| Single Family (1-4 Units):Site-Built | 160 | $28,670,000 | $179,188 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GOLD STAR MORTGAGE FINANCIAL | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| GOLD STAR MORTGAGE FINANCIAL | FHA mortgage | Closing on a mortgage | 1 | 50.0% |