Johnsonville Tva Employees Credit Union Mortgage Rates, Fees & Info
CAMDEN, TNLEI: 549300GJXNFP6TD1QN94
Tax ID: 62-0678664
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Mortgage Data
Review & Overview
Johnsonville Tva Employees Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Johnsonville Tva Employees Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Clarksville, Nashville, Martin, and Paris among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Johnsonville Tva Employees Credit Union 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year USDA Purchase | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 6.91% | 11/21/24 |
| 15 Year Conventional Refi | 6.74% | 11/21/24 |
| 15 Year Cash-out Refi | 6.74% | 11/21/24 |
| 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. | ||
Johnsonville Tva Employees Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
27Origination Dollar Volume (All Markets)
$2,195,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 21 | $1,785,000 | $85,000 | $9,044 | 3.99% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,715 | 3.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,575 | 3.95% |
| Martin, TN (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $1,136 | 4.45% |
| Paris, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.30% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $2,195,000 | $81,296 | $7,585 | 4.03% |
For 2020, Johnsonville Tva Employees Credit Union's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
For 2020, Johnsonville Tva Employees Credit Union's most frequently cited loan purpose was Cash Out Refi, with 13 originations. The 2nd most popular reason was Home Purchase, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 26 | $2,150,000 | $82,692 | $7,844 | 4.01% |
| 10 Year | 1 | $45,000 | $45,000 | $1,114 | 4.60% |
For 2020, Johnsonville Tva Employees Credit Union's most frequently cited loan duration was 15 Year, with 26 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 27 | $2,195,000 | $81,296 |
Johnsonville Tva Employees Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 27 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 17 | $1,505,000 | $88,529 |
| 4-5% | 10 | $690,000 | $69,000 |
During 2020, Johnsonville Tva Employees Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 17 originations.
Loan Sizing
2020 saw Johnsonville Tva Employees Credit Union place emphasis on $100,000 or less loans with 20 originations, totaling $1,200,000 in origination value.
Applicant Income
Johnsonville Tva Employees Credit Union lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
Johnsonville Tva Employees Credit Union lent most frequently to those with DTI ratios of 30-36%, with 8 originations. The next most common DTI ratio? <20%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 24 | $2,010,000 | $83,750 | $8,372 | 4.02% |
| Black | 3 | $185,000 | $61,667 | $1,548 | 4.05% |
Approval Rates
Total approvals of all applications82.86%
Johnsonville Tva Employees Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination96.30%
Johnsonville Tva Employees Credit Union 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 | 27 | $2,195,000 | $81,296 |