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, Scranton, New York, and Barnstable Town among others. We have data for 19 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
135Origination Dollar Volume (All Markets)
$19,565,000Top 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) | 103 | $13,305,000 | $129,175 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $950,000 | $237,500 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $195,000 | $195,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 135 | $19,565,000 | $144,926 | $0 | 0.00% |
For 2021, Gold Credit Union's most frequently originated type of loan was Conventional, with 135 originations.
Loan Reason
For 2021, Gold Credit Union's most frequently cited loan purpose was Cash Out Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 135 | $19,565,000 | $144,926 | $0 | 0.00% |
For 2021, Gold Credit Union's most frequently cited loan duration was Other, with 135 originations.
Loan Sizing
2021 saw Gold Credit Union place emphasis on $100,000 or less loans with 59 originations, totaling $2,995,000 in origination value.
Applicant Income
Gold Credit Union lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $75k-100k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 135 | $19,565,000 | $144,926 | $0 | 0.00% |
Gold Credit Union lent most frequently to those with DTI ratios of Exempt%, with 135 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 73 | $14,855,000 | $203,493 | $0 | 0.00% |
| White | 61 | $4,645,000 | $76,148 | $0 | 0.00% |
| Asian | 1 | $65,000 | $65,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.38%
Gold Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination66.67%
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 | 135 | $19,565,000 | $144,926 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GOLD STAR MORTGAGE FINANCIAL | FHA mortgage | Trouble during payment process | 1 | 100.0% |