Guardian Credit Union Mortgage Rates, Fees & Info
Montgomery, ALLEI: 549300GLDL4X3U4RFI74
Tax ID: 63-0421006
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Mortgage Data
Review & Overview
Guardian Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Guardian Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Montgomery, Birmingham, Alexander City, Troy, and Daphne among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Guardian 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. They typically have relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 7.40% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 7.90% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 7.84% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| 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. | ||
Guardian Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Guardian Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
461Origination Dollar Volume (All Markets)
$57,105,000Relative Rate
Guardian Credit Union's average 30 year fixed mortgage rate was
6.94%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.46%.
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 |
|---|---|---|---|---|---|
| MONTGOMERY, AL (FHA|USDA|VA) | 323 | $38,945,000 | $120,573 | $0 | 7.57% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 38 | $5,350,000 | $140,789 | $0 | 7.55% |
| Outside of Metro Areas | 46 | $4,100,000 | $89,130 | $0 | 7.68% |
| Alexander City, AL (FHA|USDA|VA) | 20 | $3,010,000 | $150,500 | $0 | 7.57% |
| Troy, AL (FHA|USDA|VA) | 12 | $1,870,000 | $155,833 | $0 | 7.69% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $0 | 6.42% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 5.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 7.13% |
| Albertville, AL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 8.25% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 7.25% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 6.75% |
| Eufaula, AL-GA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 11.00% |
| Selma, AL (FHA|USDA|VA) | 4 | $190,000 | $47,500 | $0 | 8.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.50% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Ozark, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.50% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Guardian 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 | 259 | $44,655,000 | $172,413 | $0 | 7.89% |
| HELOC | 202 | $12,450,000 | $61,634 | n/a | 7.20% |
For 2023, Guardian Credit Union's most frequently originated type of loan was Conventional, with 259 originations. Their 2nd most popular type was HELOC, with 202 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 328 | $24,910,000 | $75,945 | $0 | 7.71% |
| Home Purchase | 110 | $24,100,000 | $219,091 | $0 | 7.44% |
| Refi | 23 | $8,095,000 | $351,957 | $0 | 6.57% |
For 2023, Guardian Credit Union's most frequently cited loan purpose was Cash Out Refi, with 328 originations. The 2nd most popular reason was Home Purchase, with 110 originations.
Loan Duration/Length
For 2023, Guardian Credit Union's most frequently cited loan duration was 15 Year, with 321 originations. The 2nd most popular length was 30 Year, with 97 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 181 | $26,365,000 | $145,663 |
| Over 8% | 137 | $10,465,000 | $76,387 |
| 7-8% | 127 | $17,065,000 | $134,370 |
| 4-5% | 4 | $1,430,000 | $357,500 |
| 5-6% | 4 | $1,270,000 | $317,500 |
During 2023, Guardian Credit Union's average interest rate for loans was 6.94%, while their most frequently originated rate bucket for loans was 6-7%, with 181 originations.
Loan Sizing
2023 saw Guardian Credit Union place emphasis on $100,000 or less loans with 307 originations, totaling $16,445,000 in origination value.
Applicant Income
Guardian Credit Union lent most frequently to those with incomes in the $100k-150k range, with 104 originations. The second most popular income band? $50k-75k, with 103 originations.
Applicant Debt to Income Ratio
Guardian Credit Union lent most frequently to those with DTI ratios of 20-30%, with 138 originations. The next most common DTI ratio? 30-36%, with 106 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications71.67%
Guardian Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination77.01%
Guardian Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 461 | $57,105,000 | $123,872 |