Credit Union Mortgage Association Rates, Fees & Info

WILMINGTON, DE

LEI: 549300DNWSJUNAWUM003

Tax ID: 54-1094297

5 stars - Updated: 7/14/24 - out of 5 stars, based on 32 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Credit Union Mortgage Association is a smaller credit union specializing in Home Purchase loans. Credit Union Mortgage Association has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Washington, Baltimore, New York, Richmond, and Memphis among others. We have data for 166 markets. (Some data included below & more in-depth data is available with an active subscription.)

Credit Union Mortgage Association 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. Credit Union Mortgage Association 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 relatively high 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 6.04% 7/14/24
30 Year Conventional Refi 5.99% 7/14/24
30 Year Cash-out Refi 6.01% 7/14/24
30 Year FHA Purchase 7.13% 7/14/24
30 Year FHA Refi 6.27% 7/14/24
30 Year VA Purchase 6.05% 7/14/24
30 Year VA Refi 6.27% 7/14/24
30 Year USDA Purchase 6.79% 7/14/24
15 Year Conventional Purchase 5.38% 7/14/24
15 Year Conventional Refi 5.46% 7/14/24
15 Year Cash-out Refi 5.46% 7/14/24
15 Year FHA Purchase 7.17% 7/14/24
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.

Credit Union Mortgage Association Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Credit Union Mortgage Association. 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

1,013

Origination Dollar Volume (All Markets)

$345,105,000
Show all (27) awards

Relative Rate

Credit Union Mortgage Association's average 30 year fixed mortgage rate was 5.92%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.56%.

Relative Fees (Closing Costs)

Credit Union Mortgage Association's average total fees/closing costs for a 30 year fixed rate mortgage were $5,238.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 242 $115,640,000 $477,851 $5,719 5.76%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 96 $37,210,000 $387,604 $4,770 5.58%
Outside of Metro Areas 43 $11,135,000 $258,953 $4,318 5.86%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 28 $9,990,000 $356,786 $6,958 6.13%
RICHMOND, VA (FHA|USDA|VA) 32 $9,570,000 $299,063 $3,976 6.01%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 33 $8,995,000 $272,576 $5,969 5.67%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 27 $7,925,000 $293,519 $4,299 5.87%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 27 $7,755,000 $287,222 $5,217 5.85%
PORT ST. LUCIE, FL (FHA|USDA|VA) 14 $5,510,000 $393,571 $5,746 5.79%
WINSTON-SALEM, NC (FHA|USDA|VA) 18 $5,250,000 $291,667 $4,691 6.18%
EAST STROUDSBURG, PA (FHA|USDA|VA) 24 $5,090,000 $212,083 $4,761 6.08%
SALISBURY, MD-DE (FHA|USDA|VA) 14 $4,660,000 $332,857 $5,703 5.45%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $4,505,000 $500,556 $6,050 6.35%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 14 $4,200,000 $300,000 $4,978 6.27%
RALEIGH-CARY, NC (FHA|USDA|VA) 12 $4,150,000 $345,833 $4,692 5.75%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $3,145,000 $349,444 $5,162 5.71%
FAYETTEVILLE, NC (FHA|USDA|VA) 14 $2,790,000 $199,286 $4,801 6.15%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 9 $2,695,000 $299,444 $5,583 6.56%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 8 $2,450,000 $306,250 $4,122 5.83%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 11 $2,425,000 $220,455 $5,729 5.93%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $2,390,000 $597,500 $5,530 5.50%
LOUISVILLE, KY (FHA|USDA|VA) 13 $2,265,000 $174,231 $3,149 5.91%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $2,170,000 $542,500 $8,429 6.19%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 8 $2,150,000 $268,750 $4,878 5.86%
YORK-HANOVER, PA (FHA|USDA|VA) 8 $2,140,000 $267,500 $6,865 5.41%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $2,080,000 $346,667 $7,311 5.44%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,765,000 $588,333 $6,224 6.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,720,000 $430,000 $8,468 6.03%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,675,000 $335,000 $4,603 5.53%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 6 $1,640,000 $273,333 $6,290 5.44%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 9 $1,625,000 $180,556 $4,940 6.83%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 8 $1,580,000 $197,500 $4,150 5.95%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $1,555,000 $518,333 $4,711 5.96%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $1,380,000 $345,000 $6,615 5.75%
ROCHESTER, NY (FHA|USDA|VA) 9 $1,335,000 $148,333 $4,461 6.31%
KNOXVILLE, TN (FHA|USDA|VA) 6 $1,300,000 $216,667 $3,904 5.96%
Sayre, PA (FHA|USDA|VA) 9 $1,295,000 $143,889 $4,533 6.08%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $1,290,000 $215,000 $4,659 6.19%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,245,000 $415,000 $7,490 6.17%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $1,230,000 $615,000 $4,495 6.06%
Easton, MD (FHA|USDA|VA) 2 $1,130,000 $565,000 $4,679 5.56%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $1,115,000 $371,667 $5,604 5.79%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $1,080,000 $270,000 $3,861 6.31%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $1,070,000 $535,000 $5,924 5.94%
Boone, NC (FHA|USDA|VA) 3 $1,035,000 $345,000 $3,930 6.21%
PITTSBURGH, PA (FHA|USDA|VA) 6 $970,000 $161,667 $5,385 6.27%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 4 $960,000 $240,000 $3,773 5.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $960,000 $480,000 $8,093 5.81%
CUMBERLAND, MD-WV (FHA|USDA|VA) 6 $950,000 $158,333 $4,507 5.79%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $940,000 $470,000 $9,951 5.63%
ASHEVILLE, NC (FHA|USDA|VA) 2 $910,000 $455,000 $6,669 5.69%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $885,000 $295,000 $6,513 5.13%
ANCHORAGE, AK (FHA|USDA|VA) 2 $850,000 $425,000 $4,086 5.94%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $785,000 $785,000 $12,505 6.63%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $770,000 $385,000 $4,101 5.19%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $750,000 $375,000 $4,248 5.13%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $735,000 $245,000 $4,531 6.71%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $730,000 $365,000 $5,469 6.25%
WINCHESTER, VA-WV (FHA|USDA|VA) 3 $725,000 $241,667 $4,655 6.42%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $720,000 $360,000 $4,096 5.81%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $720,000 $360,000 $4,703 5.63%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $705,000 $235,000 $3,863 6.96%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $700,000 $350,000 $4,219 6.00%
COLUMBIA, SC (FHA|USDA|VA) 3 $695,000 $231,667 $3,567 5.63%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $675,000 $675,000 $11,290 6.63%
READING, PA (FHA|USDA|VA) 2 $670,000 $335,000 $6,625 5.75%
TUCSON, AZ (FHA|USDA|VA) 1 $665,000 $665,000 $7,064 6.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $660,000 $330,000 $6,549 5.50%
BINGHAMTON, NY (FHA|USDA|VA) 5 $655,000 $131,000 $4,425 6.18%
HARRISONBURG, VA (FHA|USDA|VA) 3 $655,000 $218,333 $4,018 5.75%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $650,000 $162,500 $7,020 6.22%
GREENVILLE, NC (FHA|USDA|VA) 1 $645,000 $645,000 $3,945 5.38%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $640,000 $320,000 $3,845 5.63%
DOVER, DE (FHA|USDA|VA) 4 $640,000 $160,000 $3,876 5.31%
Kalispell, MT (FHA|USDA|VA) 1 $635,000 $635,000 $5,018 6.00%
BOWLING GREEN, KY (FHA|USDA|VA) 3 $615,000 $205,000 $3,615 5.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $615,000 $205,000 $4,487 6.04%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $610,000 $305,000 $5,698 5.69%
Tupelo, MS (FHA|USDA|VA) 3 $605,000 $201,667 $4,066 6.13%
SPARTANBURG, SC (FHA|USDA|VA) 1 $605,000 $605,000 $4,693 6.63%
ANN ARBOR, MI (FHA|USDA|VA) 2 $590,000 $295,000 $4,666 6.38%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $545,000 $545,000 $4,405 5.25%
ROANOKE, VA (FHA|USDA|VA) 4 $540,000 $135,000 $4,090 6.28%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $530,000 $265,000 $3,749 5.81%
GETTYSBURG, PA (FHA|USDA|VA) 2 $510,000 $255,000 $4,700 5.13%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $500,000 $250,000 $4,481 7.19%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $495,000 $495,000 $4,761 5.88%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $490,000 $245,000 $4,650 6.44%
Sevierville, TN (FHA|USDA|VA) 1 $485,000 $485,000 $2,776 6.00%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $475,000 $475,000 $5,760 5.50%
Lebanon, NH-VT (FHA|USDA|VA) 1 $475,000 $475,000 $9,634 5.38%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $465,000 $465,000 $6,311 6.50%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $460,000 $230,000 $4,662 6.19%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $460,000 $230,000 $4,975 6.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $435,000 $435,000 $4,349 5.75%
Pottsville, PA (FHA|USDA|VA) 2 $430,000 $215,000 $7,632 6.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $425,000 $425,000 $13,639 6.88%
Bardstown, KY (FHA|USDA|VA) 1 $425,000 $425,000 $11,781 7.25%
MORGANTOWN, WV (FHA|USDA|VA) 2 $420,000 $210,000 $4,335 6.44%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $420,000 $210,000 $6,743 5.75%
BATON ROUGE, LA (FHA|USDA|VA) 2 $420,000 $210,000 $6,056 5.69%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $410,000 $205,000 $3,764 6.25%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $405,000 $405,000 $5,093 5.88%
BILLINGS, MT (FHA|USDA|VA) 1 $405,000 $405,000 $3,046 5.63%
ST. GEORGE, UT (FHA|USDA|VA) 1 $385,000 $385,000 $7,613 6.25%
VALLEJO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $3,869 7.25%
OCALA, FL (FHA|USDA|VA) 2 $380,000 $190,000 $4,150 6.06%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $365,000 $365,000 $3,928 6.75%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $365,000 $365,000 $8,213 6.88%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $345,000 $345,000 $4,153 6.00%
Columbus, MS (FHA|USDA|VA) 1 $335,000 $335,000 $12,513 7.50%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $335,000 $335,000 $4,339 5.63%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $330,000 $165,000 $3,214 6.19%
COLUMBIA, MO (FHA|USDA|VA) 1 $325,000 $325,000 $2,500 6.50%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $315,000 $315,000 $7,000 5.50%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $315,000 $315,000 $3,024 7.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,741 6.13%
MANHATTAN, KS (FHA|USDA|VA) 1 $305,000 $305,000 $2,712 5.88%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $305,000 $305,000 $3,613 6.38%
PUEBLO, CO (FHA|USDA|VA) 1 $305,000 $305,000 $3,434 6.38%
ELMIRA, NY (FHA|USDA|VA) 2 $300,000 $150,000 $5,006 5.63%
JACKSON, MS (FHA|USDA|VA) 1 $295,000 $295,000 $7,038 5.63%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $295,000 $295,000 $4,087 6.88%
BOISE CITY, ID (FHA|USDA|VA) 1 $295,000 $295,000 $3,975 5.63%
COLUMBUS, OH (FHA|USDA|VA) 1 $285,000 $285,000 $8,893 7.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $265,000 $265,000 $4,056 5.25%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $265,000 $265,000 $4,077 6.75%
SAVANNAH, GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,739 4.75%
STAUNTON, VA (FHA|USDA|VA) 1 $255,000 $255,000 $7,596 6.00%
Elizabeth City, NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,678 6.88%
Laramie, WY (FHA|USDA|VA) 1 $245,000 $245,000 $3,535 5.38%
Central City, KY (FHA|USDA|VA) 1 $245,000 $245,000 $3,327 6.88%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $235,000 $235,000 $4,652 6.00%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $235,000 $235,000 $3,359 5.63%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $225,000 $225,000 $4,563 5.13%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $225,000 $225,000 $3,532 5.38%
Oxford, MS (FHA|USDA|VA) 1 $225,000 $225,000 $5,744 6.88%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $205,000 $205,000 $5,861 5.63%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $205,000 $205,000 $2,903 5.75%
LYNCHBURG, VA (FHA|USDA|VA) 1 $195,000 $195,000 $5,600 7.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $185,000 $185,000 $3,687 5.50%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $175,000 $175,000 $2,878 5.38%
Traverse City, MI (FHA|USDA|VA) 1 $175,000 $175,000 $3,241 6.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $3,956 5.50%
MADISON, WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,844 5.25%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $155,000 $155,000 $4,481 5.75%
MORRISTOWN, TN (FHA|USDA|VA) 1 $155,000 $155,000 $4,036 5.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,178 4.88%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,476 5.38%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $155,000 $155,000 $3,540 5.63%
Sunbury, PA (FHA|USDA|VA) 1 $155,000 $155,000 $5,349 5.75%
Grenada, MS (FHA|USDA|VA) 1 $145,000 $145,000 $5,059 5.25%
Martinsville, VA (FHA|USDA|VA) 2 $140,000 $70,000 $4,013 6.75%
Red Bluff, CA (FHA|USDA|VA) 1 $135,000 $135,000 $4,433 5.63%
AKRON, OH (FHA|USDA|VA) 1 $135,000 $135,000 $6,983 7.00%
MOBILE, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,460 5.88%
LAFAYETTE, LA (FHA|USDA|VA) 1 $125,000 $125,000 $3,964 5.38%
Waycross, GA (FHA|USDA|VA) 1 $125,000 $125,000 $2,932 7.25%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $125,000 $125,000 $2,373 4.63%
Crossville, TN (FHA|USDA|VA) 1 $115,000 $115,000 $3,529 7.00%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $95,000 $95,000 $2,930 6.13%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $85,000 $85,000 $4,410 6.88%
FARMINGTON, NM (FHA|USDA|VA) 1 $75,000 $75,000 $4,360 5.13%
Bluefield, WV-VA (FHA|USDA|VA) 1 $75,000 $75,000 $3,357 5.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $65,000 $65,000 $4,261 5.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $65,000 $65,000 $3,758 6.25%
Credit Union Mortgage Association's top markets include Washington, Baltimore, New York, Richmond, and Memphis among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against CREDIT UNION MORTGAGE ASSOCIATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Michigan Legacy Credit Union
    Similarity Rank: 15
    Republic Bank
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    Los Angeles Federal Credit Union
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    CHESSIE
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    Total Community Credit Union
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    St James Mortgage Corporation
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 979 $335,865,000 $343,069 $5,078 5.86%
    FHA 24 $6,040,000 $251,667 $9,006 6.56%
    VA 10 $3,200,000 $320,000 $7,208 6.30%

    For 2023, Credit Union Mortgage Association's most frequently originated type of loan was Conventional, with 979 originations. Their 2nd most popular type was FHA, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 795 $291,195,000 $366,283 $5,441 5.90%
    Cash Out Refi 170 $41,800,000 $245,882 $4,344 5.82%
    Refi 34 $9,970,000 $293,235 $4,082 5.58%
    Home Improvement 14 $2,140,000 $152,857 $3,965 6.05%

    For 2023, Credit Union Mortgage Association's most frequently cited loan purpose was Home Purchase, with 795 originations. The 2nd most popular reason was Cash Out Refi, with 170 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 897 $318,275,000 $354,822 $5,238 5.92%
    15 Year 61 $14,445,000 $236,803 $4,543 5.38%
    20 Year 52 $11,530,000 $221,731 $5,176 5.76%
    Other 3 $855,000 $285,000 $4,963 6.58%

    For 2023, Credit Union Mortgage Association's most frequently cited loan duration was 30 Year, with 897 originations. The 2nd most popular length was 15 Year, with 61 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 762 $257,150,000 $337,467
    $4k-5k 59 $20,685,000 $350,593
    $5k+ 59 $32,515,000 $551,102
    $2k-3k 54 $8,580,000 $158,889
    $3k-4k 50 $13,150,000 $263,000
    $<1k 28 $12,830,000 $458,214

    Credit Union Mortgage Association's average total fees were $5,238, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 762 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 523 $179,575,000 $343,356
    6-7% 308 $101,670,000 $330,097
    4-5% 129 $48,405,000 $375,233
    7-8% 45 $12,955,000 $287,889
    Over 8% 4 $800,000 $200,000
    3-4% 3 $1,275,000 $425,000
    2.5-3% 1 $425,000 $425,000

    During 2023, Credit Union Mortgage Association's average interest rate for loans was 5.92%, while their most frequently originated rate bucket for loans was 5-6%, with 523 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 410 $120,470,000 $293,829 $5,056 5.91%
    $100k-200k 222 $33,740,000 $151,982 $4,192 5.94%
    $400k-600k 212 $102,450,000 $483,255 $6,016 5.77%
    $600k-1MM 104 $73,340,000 $705,192 $6,712 5.76%
    $100,000 or less 56 $4,420,000 $78,929 $3,656 6.01%
    $1MM+ 9 $10,685,000 $1,187,222 $8,528 5.89%

    2023 saw Credit Union Mortgage Association place emphasis on $200k-400k loans with 410 originations, totaling $120,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 288 $129,210,000 $448,646 $5,752 5.77%
    $100k-150k 250 $79,210,000 $316,840 $5,224 5.93%
    $50k-75k 151 $27,165,000 $179,901 $4,330 5.90%
    $75k-100k 138 $33,590,000 $243,406 $4,882 5.97%
    $250k+ 117 $67,135,000 $573,803 $5,982 5.83%
    $50k or less 68 $8,370,000 $123,088 $3,907 6.01%

    Credit Union Mortgage Association lent most frequently to those with incomes in the $150k-250k range, with 288 originations. The second most popular income band? $100k-150k, with 250 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 230 $73,640,000 $320,174 $5,109 5.80%
    30-36% 211 $76,225,000 $361,256 $5,111 5.86%
    <20% 82 $23,300,000 $284,146 $4,369 5.72%
    38% 42 $15,200,000 $361,905 $5,412 5.72%
    42% 41 $14,685,000 $358,171 $5,239 5.85%
    36% 41 $14,935,000 $364,268 $5,030 5.84%
    37% 41 $14,915,000 $363,780 $5,785 6.11%
    41% 41 $13,685,000 $333,780 $5,040 5.85%
    40% 39 $13,835,000 $354,744 $5,149 5.76%
    39% 35 $14,055,000 $401,571 $6,240 6.20%
    43% 34 $12,660,000 $372,353 $5,137 6.01%
    44% 34 $13,140,000 $386,471 $5,583 6.03%
    45% 27 $9,405,000 $348,333 $5,270 5.85%
    48% 23 $6,955,000 $302,391 $5,555 6.08%
    47% 23 $8,575,000 $372,826 $5,155 6.13%
    50-60% 22 $5,800,000 $263,636 $6,979 6.35%
    46% 20 $6,760,000 $338,000 $5,289 5.76%
    49% 17 $5,015,000 $295,000 $4,834 6.04%
    >60% 5 $1,085,000 $217,000 $3,955 6.03%

    Credit Union Mortgage Association lent most frequently to those with DTI ratios of 20-30%, with 230 originations. The next most common DTI ratio? 30-36%, with 211 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 500 $173,010,000 $346,020 $5,129 5.85%
    Not provided 349 $111,695,000 $320,043 $5,174 5.94%
    Black 88 $26,900,000 $305,682 $5,051 5.95%
    Asian 56 $25,340,000 $452,500 $5,829 5.63%
    Asian Indian 6 $2,870,000 $478,333 $5,888 5.56%
    American Indian 7 $2,055,000 $293,571 $5,075 5.88%
    Other Asian 3 $1,665,000 $555,000 $6,601 5.08%
    Korean 2 $740,000 $370,000 $4,514 6.56%
    Chinese 1 $505,000 $505,000 $14,719 7.00%
    Japanese 1 $325,000 $325,000 $3,755 7.50%

    Approval Rates

    Total approvals of all applications
    89.49%

    Credit Union Mortgage Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.24%

    Credit Union Mortgage Association 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 1,013 $345,105,000 $340,676

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,013 $345,105,000 $340,676

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 64 $12,140,000 $189,688 $4,433 5.86%
    40-60% 139 $35,915,000 $258,381 $4,481 5.79%
    60-80% 391 $138,455,000 $354,105 $5,168 5.85%
    80-100% 403 $155,395,000 $385,596 $5,602 5.94%
    Over 100% 3 $955,000 $318,333 $7,763 5.99%
    Under 20% 7 $795,000 $113,571 $3,308 5.63%