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 loans. Johnsonville Tva Employees Credit Union has a high proportion of conventional loans. Their top two markets are Martin and Clarksville .Johnsonville Tva Employees Credit Union has an average approval rate when compared to the average across all lenders. They have an 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
23Origination Dollar Volume (All Markets)
$2,045,000Top 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 | 20 | $1,770,000 | $88,500 | $1,419 | 3.67% |
| Martin, TN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $1,570 | 3.55% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $207,257 | 3.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 23 | $2,045,000 | $88,913 | $11,235 | 3.66% |
For 2021, Johnsonville Tva Employees Credit Union's most frequently originated type of loan was Conventional, with 23 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 17 | $1,455,000 | $85,588 | $15,192 | 3.65% |
| Other | 3 | $235,000 | $78,333 | $995 | 3.78% |
| Refi | 3 | $355,000 | $118,333 | $1,691 | 3.63% |
For 2021, Johnsonville Tva Employees Credit Union's most frequently cited loan purpose was Cash Out Refi, with 17 originations. The 2nd most popular reason was Other, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 22 | $2,020,000 | $91,818 | $11,733 | 3.68% |
| 5 Year | 1 | $25,000 | $25,000 | $1,279 | 3.25% |
For 2021, Johnsonville Tva Employees Credit Union's most frequently cited loan duration was 15 Year, with 22 originations. The 2nd most popular length was 5 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 20 | $1,760,000 | $88,000 |
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 20 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 23 | $2,045,000 | $88,913 |
During 2021, 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 23 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 16 | $1,150,000 | $71,875 | $1,349 | 3.65% |
| $100k-200k | 7 | $895,000 | $127,857 | $31,008 | 3.69% |
2021 saw Johnsonville Tva Employees Credit Union place emphasis on $100,000 or less loans with 16 originations, totaling $1,150,000 in origination value.
Applicant Income
Johnsonville Tva Employees Credit Union lent most frequently to those with incomes in the $50k or less range, with 7 originations. The second most popular income band? $75k-100k, with 6 originations.
Applicant Debt to Income Ratio
Johnsonville Tva Employees Credit Union lent most frequently to those with DTI ratios of <20%, with 9 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 21 | $1,865,000 | $88,810 | $11,724 | 3.65% |
| Black | 2 | $180,000 | $90,000 | $1,455 | 3.78% |
Approval Rates
Total approvals of all applications73.53%
Johnsonville Tva Employees Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination91.30%
Johnsonville Tva Employees Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 23 | $2,045,000 | $88,913 |