Credit Union Mortgage Association Rates, Fees & Info

WILMINGTON, DE

LEI: 549300DNWSJUNAWUM003

Tax ID: 54-1094297

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 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.

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% 3/28/24
30 Year Conventional Refi 5.99% 3/28/24
30 Year Cash-out Refi 6.01% 3/28/24
30 Year FHA Purchase 7.13% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
30 Year VA Purchase 6.05% 3/28/24
30 Year VA Refi 6.27% 3/28/24
30 Year USDA Purchase 6.79% 3/28/24
15 Year Conventional Purchase 5.38% 3/28/24
15 Year Conventional Refi 5.46% 3/28/24
15 Year Cash-out Refi 5.46% 3/28/24
15 Year FHA Purchase 7.17% 3/28/24
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

1,118

Origination Dollar Volume (All Markets)

$308,330,000
Show all (10) 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
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%
Credit Union Mortgage Association's top markets include Washington, Baltimore, Fayetteville, Atlanta, and Miami among others.

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

    CHESSIE
    Similarity Rank: 30
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    N C P D Federal Credit Union
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    Iron Workers Savings Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,027 $283,915,000 $276,451 $4,050 4.14%
    VA 53 $14,225,000 $268,396 $5,743 4.19%
    FHA 37 $9,995,000 $270,135 $8,575 4.39%
    USDA 1 $195,000 $195,000 $5,380 4.88%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 640 $181,050,000 $282,891 $4,676 4.23%
    Cash Out Refi 307 $79,885,000 $260,212 $3,814 4.08%
    Refi 134 $38,360,000 $286,269 $3,747 3.93%
    Home Improvement 19 $4,905,000 $258,158 $3,254 4.04%
    Other 18 $4,130,000 $229,444 $3,139 4.28%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 868 $256,860,000 $295,922 $4,421 4.23%
    15 Year 181 $37,525,000 $207,320 $3,822 3.80%
    20 Year 37 $8,925,000 $241,216 $3,736 4.20%
    10 Year 25 $4,045,000 $161,800 $3,492 3.88%
    Other 7 $975,000 $139,286 $4,204 4.27%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 818 $213,470,000 $260,966
    $<1k 116 $33,310,000 $287,155
    $2k-3k 52 $10,830,000 $208,269
    $3k-4k 47 $12,705,000 $270,319
    $5k+ 43 $20,575,000 $478,488
    $4k-5k 41 $17,115,000 $417,439

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 495 $143,575,000 $290,051 $4,429 4.15%
    $100k-200k 324 $48,280,000 $149,012 $3,463 4.21%
    $400k-600k 167 $79,245,000 $474,521 $5,568 4.11%
    $100,000 or less 85 $6,415,000 $75,471 $3,033 4.13%
    $600k-1MM 47 $30,815,000 $655,638 $6,010 3.95%

    2018 saw Credit Union Mortgage Association place emphasis on $200k-400k loans with 495 originations, totaling $143,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 339 $101,715,000 $300,044 $4,543 4.15%
    $150k-250k 249 $90,985,000 $365,402 $4,654 4.05%
    $75k-100k 209 $49,555,000 $237,105 $4,149 4.21%
    $50k-75k 172 $30,660,000 $178,256 $3,729 4.23%
    $50k or less 86 $11,130,000 $129,419 $3,430 4.33%
    $250k+ 46 $20,330,000 $441,957 $4,774 3.94%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 227 $59,275,000 $261,123 $3,971 4.12%
    30-36% 210 $61,130,000 $291,095 $4,463 4.21%
    <20% 194 $45,400,000 $234,021 $3,821 4.02%
    36% 43 $11,435,000 $265,930 $4,409 4.24%
    41% 40 $11,350,000 $283,750 $4,789 4.32%
    50-60% 39 $12,475,000 $319,872 $5,992 4.16%
    38% 38 $11,840,000 $311,579 $4,564 4.26%
    42% 34 $10,110,000 $297,353 $4,053 4.33%
    39% 34 $10,540,000 $310,000 $4,045 4.14%
    40% 31 $9,215,000 $297,258 $4,393 4.15%
    37% 28 $7,110,000 $253,929 $4,014 4.23%
    43% 27 $9,205,000 $340,926 $5,102 4.14%
    44% 20 $6,370,000 $318,500 $4,400 4.29%
    45% 20 $6,330,000 $316,500 $4,482 4.38%
    46% 20 $5,120,000 $256,000 $4,688 4.29%
    47% 16 $5,000,000 $312,500 $5,409 4.31%
    49% 16 $4,580,000 $286,250 $4,214 4.17%
    48% 14 $3,920,000 $280,000 $3,704 4.50%
    >60% 14 $3,810,000 $272,143 $4,873 4.13%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 490 $131,410,000 $268,184 $4,109 4.11%
    Not provided 391 $106,975,000 $273,593 $4,335 4.19%
    Black 152 $38,110,000 $250,724 $4,348 4.26%
    Asian 67 $26,535,000 $396,045 $5,094 4.05%
    Asian Indian 7 $2,875,000 $410,714 $5,163 4.05%
    American Indian 7 $1,605,000 $229,286 $3,740 4.07%
    Native Hawaiian or Islander 2 $440,000 $220,000 $3,539 3.81%
    1 $225,000 $225,000 $3,406 3.75%
    Chinese 1 $155,000 $155,000 $3,050 4.00%

    Approval Rates

    Total approvals of all applications
    85.23%

    Credit Union Mortgage Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.66%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 56 $8,950,000 $159,821 $3,363 3.95%
    40-60% 133 $31,085,000 $233,722 $3,786 4.02%
    60-80% 394 $109,550,000 $278,046 $4,064 4.17%
    80-100% 485 $146,055,000 $301,144 $4,567 4.23%
    Over 100% 10 $3,470,000 $347,000 $12,263 4.23%
    Under 20% 7 $785,000 $112,143 $3,709 3.86%

    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%