Credit Union Mortgage Association Rates, Fees & Info
WILMINGTON, DELEI: 549300DNWSJUNAWUM003
Tax ID: 54-1094297
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Mortgage Data
Review & Overview
Credit Union Mortgage Association is a smaller credit union specializing in Home Purchase and Cash Out Refi 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Baltimore, Fayetteville, Atlanta, and Miami among others. We have data for 79 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 an above average pick rate when compared to similar lenders. Credit Union Mortgage Association 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.04% | 11/17/24 |
| 30 Year Conventional Refi | 5.99% | 11/17/24 |
| 30 Year Cash-out Refi | 6.01% | 11/17/24 |
| 30 Year FHA Purchase | 7.13% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.05% | 11/17/24 |
| 30 Year VA Refi | 6.27% | 11/17/24 |
| 30 Year USDA Purchase | 6.79% | 11/17/24 |
| 15 Year Conventional Purchase | 5.38% | 11/17/24 |
| 15 Year Conventional Refi | 5.46% | 11/17/24 |
| 15 Year Cash-out Refi | 5.46% | 11/17/24 |
| 15 Year FHA Purchase | 7.17% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,118Origination Dollar Volume (All Markets)
$308,330,000Awards
CREDIT UNION MORTGAGE ASSOCIATION - 2018
CREDIT UNION MORTGAGE ASSOCIATION is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 488 | $157,700,000 | $323,156 | $4,697 | 4.15% |
| Outside of Metro Areas | 202 | $48,350,000 | $239,356 | $4,057 | 4.08% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 151 | $43,385,000 | $287,318 | $3,832 | 4.21% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 29 | $5,015,000 | $172,931 | $3,113 | 4.06% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 16 | $4,390,000 | $274,375 | $5,616 | 4.05% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 13 | $3,985,000 | $306,538 | $5,466 | 4.12% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 15 | $3,785,000 | $252,333 | $3,913 | 4.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 10 | $3,130,000 | $313,000 | $3,155 | 4.16% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 12 | $3,040,000 | $253,333 | $3,935 | 4.34% |
| RICHMOND, VA (FHA|USDA|VA) | 10 | $2,450,000 | $245,000 | $3,505 | 3.91% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $2,295,000 | $327,857 | $4,821 | 3.89% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 20 | $2,250,000 | $112,500 | $3,393 | 4.28% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 13 | $1,755,000 | $135,000 | $3,716 | 4.57% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $4,385 | 4.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $1,370,000 | $228,333 | $4,105 | 4.17% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 8 | $1,240,000 | $155,000 | $3,123 | 4.38% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $3,871 | 4.03% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $4,467 | 4.47% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $6,505 | 4.16% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $4,847 | 4.05% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $4,246 | 4.15% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $3,864 | 4.28% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $5,221 | 3.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,069 | 4.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,731 | 4.71% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,378 | 4.06% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $3,210 | 4.41% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $3,558 | 4.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,009 | 4.25% |
| OCALA, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,533 | 4.56% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $3,505 | 4.19% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,731 | 4.06% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,331 | 4.75% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,264 | 4.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $3,408 | 4.25% |
| LYNCHBURG, VA (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $3,512 | 4.17% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,060 | 4.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,854 | 3.94% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,317 | 4.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,953 | 4.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,634 | 4.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,543 | 4.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,537 | 3.50% |
| Easton, MD (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,519 | 3.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,910 | 4.38% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,206 | 3.81% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,528 | 4.38% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,517 | 3.75% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,367 | 5.25% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,326 | 4.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,554 | 4.13% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,327 | 3.88% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,222 | 3.63% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,994 | 4.38% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,777 | 4.50% |
| Craig, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,499 | 4.25% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,666 | 3.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,863 | 3.63% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,097 | 4.63% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,134 | 3.88% |
| Bluefield, WV-VA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $3,165 | 4.13% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,480 | 4.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,423 | 4.25% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,371 | 3.75% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,286 | 4.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,989 | 4.50% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,397 | 3.63% |
| Sanford, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,500 | 3.63% |
| Shelby, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,064 | 4.88% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,972 | 4.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,512 | 4.00% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,969 | 4.63% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,151 | 3.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,534 | 5.25% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,056 | 3.75% |
| Forest City, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.50% |
| Newport, OR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,916 | 4.50% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,384 | 3.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,506 | 5.50% |
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.
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Product Mix
For 2018, Credit Union Mortgage Association's most frequently originated type of loan was Conventional, with 1,027 originations. Their 2nd most popular type was VA, with 53 originations.
Loan Reason
For 2018, Credit Union Mortgage Association's most frequently cited loan purpose was Home Purchase, with 640 originations. The 2nd most popular reason was Cash Out Refi, with 307 originations.
Loan Duration/Length
For 2018, Credit Union Mortgage Association's most frequently cited loan duration was 30 Year, with 868 originations. The 2nd most popular length was 15 Year, with 181 originations.
Origination Fees/Closing Costs
Credit Union Mortgage Association's average total fees were $4,421, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 818 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 571 | $152,775,000 | $267,557 |
| 3-4% | 513 | $146,725,000 | $286,014 |
| 5-6% | 25 | $5,235,000 | $209,400 |
| 2.5-3% | 9 | $3,595,000 | $399,444 |
During 2018, Credit Union Mortgage Association's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 4-5%, with 571 originations.
Loan Sizing
2018 saw Credit Union Mortgage Association place emphasis on $200k-400k loans with 495 originations, totaling $143,575,000 in origination value.
Applicant Income
Credit Union Mortgage Association lent most frequently to those with incomes in the $100k-150k range, with 339 originations. The second most popular income band? $150k-250k, with 249 originations.
Applicant Debt to Income Ratio
Credit Union Mortgage Association lent most frequently to those with DTI ratios of 20-30%, with 227 originations. The next most common DTI ratio? 30-36%, with 210 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.23%
Credit Union Mortgage Association has an average approval rate.
Pick Rate
Approvals leading to origination98.66%
Credit Union Mortgage Association has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,118 | $308,330,000 | $275,787 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $285,000 | $95,000 |
| Single Family (1-4 Units):Site-Built | 1,115 | $308,045,000 | $276,274 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Credit Union Mortgage Association, Inc. | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| Credit Union Mortgage Association, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |