Zeal Credit Union Mortgage Rates, Fees & Info
Livonia, MILEI: 549300DXF2FQC64H6G42
Tax ID: 38-1569911
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Zeal Credit Union is a smaller credit union specializing in Home Improvement loans. Zeal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Detroit, Monroe, Ann Arbor, Flint, and Hillsdale among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Zeal Credit Union 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.
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Originations
271Origination Dollar Volume (All Markets)
$14,665,000Top 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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 248 | $13,260,000 | $53,468 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 8 | $450,000 | $56,250 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $200,000 | $50,000 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 4 | $180,000 | $45,000 | $0 | 0.00% |
| FLINT, MI (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Adrian, MI (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Zeal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 90
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Similarity Rank: 506
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Similarity Rank: 668
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 271 | $14,665,000 | $54,114 | $0 | 0.00% |
For 2024, Zeal Credit Union's most frequently originated type of loan was Conventional, with 271 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 254 | $13,520,000 | $53,228 | $0 | 0.00% |
| Refi | 17 | $1,145,000 | $67,353 | $0 | 0.00% |
For 2024, Zeal Credit Union's most frequently cited loan purpose was Home Improvement, with 254 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 271 | $14,665,000 | $54,114 | $0 | 0.00% |
For 2024, Zeal Credit Union's most frequently cited loan duration was Other, with 271 originations.
Loan Sizing
2024 saw Zeal Credit Union place emphasis on $100,000 or less loans with 243 originations, totaling $10,955,000 in origination value.
Applicant Income
Zeal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 72 originations. The second most popular income band? $75k-100k, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.36%
Zeal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination76.38%
Zeal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 271 | $14,665,000 | $54,114 |