Envista Credit Union Mortgage Rates, Fees & Info

Topeka, KS

LEI: 549300FV8093AKDLHQ80

Tax ID: 48-0669498

5 stars - Updated: 9/25/23 - out of 5 stars, based on 28 reviews

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

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Mortgage Data

Review & Overview

Envista Credit Union is a smaller credit union specializing in Home Purchase loans. Envista Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Lawrence, Kansas City, Hutchinson, and Ottawa among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Envista 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. Envista Credit Union 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
Home Equity Line of Credit (HELOC) 6.27% 9/25/23
30 Year Conventional Purchase 6.68% 9/25/23
30 Year Conventional Refi 6.59% 9/25/23
30 Year Cash-out Refi 6.70% 9/25/23
15 Year Conventional Purchase 6.33% 9/25/23
15 Year Conventional Refi 6.28% 9/25/23
15 Year Cash-out Refi 6.28% 9/25/23
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.

Envista Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Envista Credit Union. 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

764

Origination Dollar Volume (All Markets)

$75,010,000

Relative Rate

Envista Credit Union's average 30 year fixed mortgage rate was 4.99%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.23%.

Relative Fees (Closing Costs)

Envista Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,403.

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 $4,750.

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
TOPEKA, KS (FHA|USDA|VA) 654 $63,010,000 $96,346 $1,975 4.82%
LAWRENCE, KS (FHA|USDA|VA) 47 $5,905,000 $125,638 $1,919 5.11%
KANSAS CITY, MO-KS (FHA|USDA|VA) 29 $3,085,000 $106,379 $1,754 4.84%
Hutchinson, KS (FHA|USDA|VA) 15 $1,285,000 $85,667 $2,785 4.74%
Outside of Metro Areas 7 $745,000 $106,429 $3,533 4.07%
Ottawa, KS (FHA|USDA|VA) 2 $380,000 $190,000 $2,080 5.56%
WICHITA, KS (FHA|USDA|VA) 2 $280,000 $140,000 $2,950 5.19%
Emporia, KS (FHA|USDA|VA) 3 $135,000 $45,000 $2,346 4.54%
MANHATTAN, KS (FHA|USDA|VA) 2 $80,000 $40,000 $0 4.38%
Pittsburg, KS (FHA|USDA|VA) 1 $65,000 $65,000 $2,052 2.75%
Great Bend, KS (FHA|USDA|VA) 1 $25,000 $25,000 $65 3.85%
McPherson, KS (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.75%
Envista Credit Union's top markets include Topeka, Lawrence, Kansas City, Hutchinson, and Ottawa among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Envista Credit Union 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 518 $60,110,000 $116,042 $1,995 4.88%
    HELOC 246 $14,900,000 $60,569 n/a 4.73%

    For 2022, Envista Credit Union's most frequently originated type of loan was Conventional, with 518 originations. Their 2nd most popular type was HELOC, with 246 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 226 $36,940,000 $163,451 $3,200 5.01%
    Home Improvement 226 $10,830,000 $47,920 $134 4.79%
    Other 164 $7,710,000 $47,012 $123 4.95%
    Refi 89 $11,385,000 $127,921 $2,271 4.68%
    Cash Out Refi 59 $8,145,000 $138,051 $3,241 4.18%

    For 2022, Envista Credit Union's most frequently cited loan purpose was Home Purchase, with 226 originations. The 2nd most popular reason was Home Improvement, with 226 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 232 $9,760,000 $42,069 $134 4.56%
    30 Year 220 $41,340,000 $187,909 $3,403 4.99%
    15 Year 200 $15,670,000 $78,350 $1,642 4.92%
    10 Year 87 $4,345,000 $49,943 $282 4.98%
    20 Year 10 $1,470,000 $147,000 $4,150 3.91%
    1 Year 9 $2,135,000 $237,222 $0 5.47%
    Other 6 $290,000 $48,333 $65 4.92%

    For 2022, Envista Credit Union's most frequently cited loan duration was 5 Year, with 232 originations. The 2nd most popular length was 30 Year, with 220 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 292 $20,920,000 $71,644
    $1k-2k 108 $18,020,000 $166,852
    $2k-3k 47 $10,445,000 $222,234
    $3k-4k 16 $3,130,000 $195,625
    $4k-5k 11 $2,595,000 $235,909
    $5k+ 7 $1,745,000 $249,286

    Envista Credit Union's average total fees were $3,403, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 292 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 225 $27,095,000 $120,422
    4-5% 219 $15,825,000 $72,260
    3-4% 198 $19,750,000 $99,747
    6-7% 86 $8,220,000 $95,581
    2.5-3% 19 $2,615,000 $137,632
    7-8% 11 $705,000 $64,091
    <2.5% 5 $785,000 $157,000
    Over 8% 1 $15,000 $15,000

    During 2022, Envista Credit Union's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 5-6%, with 225 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 504 $22,920,000 $45,476 $785 4.84%
    $100k-200k 164 $23,720,000 $144,634 $3,108 4.81%
    $200k-400k 86 $22,980,000 $267,209 $3,869 4.87%
    $400k-600k 9 $4,195,000 $466,111 $5,320 4.31%
    $1MM+ 1 $1,195,000 $1,195,000 $2,356 5.88%

    2022 saw Envista Credit Union place emphasis on $100,000 or less loans with 504 originations, totaling $22,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 182 $18,930,000 $104,011 $2,294 4.95%
    $50k-75k 163 $14,425,000 $88,497 $2,003 4.76%
    $75k-100k 132 $13,450,000 $101,894 $2,134 4.96%
    $50k or less 125 $8,415,000 $67,320 $1,923 4.60%
    $150k-250k 87 $9,285,000 $106,724 $1,385 4.75%
    $250k+ 26 $5,230,000 $201,154 $2,120 4.97%

    Envista Credit Union lent most frequently to those with incomes in the $100k-150k range, with 182 originations. The second most popular income band? $50k-75k, with 163 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 211 $19,955,000 $94,573 $1,987 4.90%
    30-36% 144 $13,430,000 $93,264 $2,062 4.70%
    <20% 106 $8,930,000 $84,245 $1,261 4.66%
    38% 25 $2,475,000 $99,000 $1,911 5.31%
    36% 25 $2,625,000 $105,000 $2,429 4.96%
    42% 24 $3,040,000 $126,667 $2,795 4.91%
    40% 24 $3,430,000 $142,917 $2,980 4.80%
    39% 23 $2,915,000 $126,739 $2,301 4.94%
    50-60% 22 $1,790,000 $81,364 $1,736 4.98%
    41% 21 $2,345,000 $111,667 $1,996 4.74%
    37% 18 $1,820,000 $101,111 $2,256 4.80%
    43% 14 $1,410,000 $100,714 $2,760 5.20%
    44% 12 $1,150,000 $95,833 $2,253 4.70%
    46% 11 $1,045,000 $95,000 $2,042 4.59%
    48% 11 $845,000 $76,818 $2,062 4.51%
    >60% 9 $595,000 $66,111 $95 4.48%
    45% 7 $625,000 $89,286 $890 5.11%
    49% 7 $595,000 $85,000 $2,360 4.00%
    47% 7 $485,000 $69,286 $614 4.71%

    Envista Credit Union lent most frequently to those with DTI ratios of 20-30%, with 211 originations. The next most common DTI ratio? 30-36%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 644 $63,430,000 $98,494 $2,042 4.82%
    Not applicable 39 $5,055,000 $129,615 $1,257 5.09%
    Not provided 38 $2,310,000 $60,789 $1,240 4.90%
    Black 25 $1,785,000 $71,400 $1,564 4.55%
    Asian 6 $1,120,000 $186,667 $2,476 5.04%
    American Indian 10 $900,000 $90,000 $1,918 5.07%
    Native Hawaiian or Islander 2 $410,000 $205,000 $4,557 5.31%

    Approval Rates

    Total approvals of all applications
    87.88%

    Envista Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.56%

    Envista Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2 $110,000 $55,000
    179.0 1 $45,000 $45,000
    NA 761 $74,855,000 $98,364

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    764 $75,010,000 $98,181

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 178 $10,070,000 $56,573 $546 4.87%
    40-60% 59 $7,015,000 $118,898 $2,001 4.72%
    60-80% 128 $20,690,000 $161,641 $3,443 4.70%
    80-100% 168 $29,020,000 $172,738 $3,152 4.94%
    Under 20% 231 $8,215,000 $35,563 $127 4.82%