Guardian Credit Union Mortgage Rates, Fees & Info

Montgomery, AL

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 10/29/24
30 Year Conventional Purchase 7.40% 10/29/24
30 Year Conventional Refi 6.27% 10/29/24
30 Year Cash-out Refi 7.90% 10/29/24
30 Year FHA Purchase 6.27% 10/29/24
30 Year VA Purchase 6.27% 10/29/24
15 Year Conventional Purchase 7.84% 10/29/24
15 Year Conventional Refi 5.68% 10/29/24
15 Year Cash-out Refi 5.68% 10/29/24
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

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

This is not an official calculator from Guardian 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

461

Origination Dollar Volume (All Markets)

$57,105,000

Relative 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%
Guardian Credit Union's top markets include Montgomery, Birmingham, Alexander City, Troy, and Daphne among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • 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.

    MAX Credit Union
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    CHERRY CREEK MORTGAGE, LLC
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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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 321 $21,215,000 $66,090 $0 7.73%
    30 Year 97 $25,225,000 $260,052 $0 6.94%
    Other 24 $8,930,000 $372,083 $0 7.90%
    20 Year 17 $1,655,000 $97,353 $0 8.09%
    10 Year 2 $80,000 $40,000 $0 7.88%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 307 $16,445,000 $53,567 $0 7.84%
    $100k-200k 70 $9,470,000 $135,286 $0 7.32%
    $200k-400k 55 $15,185,000 $276,091 $0 6.89%
    $400k-600k 20 $9,300,000 $465,000 $0 7.21%
    $600k-1MM 9 $6,705,000 $745,000 $0 6.46%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 104 $13,880,000 $133,462 $0 7.41%
    $50k-75k 103 $7,895,000 $76,650 $0 7.99%
    $75k-100k 88 $7,110,000 $80,795 $0 7.49%
    $150k-250k 78 $15,460,000 $198,205 $0 7.15%
    $50k or less 63 $3,305,000 $52,460 $0 8.22%
    $250k+ 25 $9,455,000 $378,200 $0 6.88%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 138 $16,340,000 $118,406 $0 7.53%
    30-36% 106 $15,490,000 $146,132 $0 7.60%
    <20% 57 $6,725,000 $117,982 $0 7.30%
    39% 46 $5,080,000 $110,435 $0 7.42%
    36% 27 $3,015,000 $111,667 $0 8.15%
    37% 26 $2,860,000 $110,000 $0 7.47%
    38% 24 $2,600,000 $108,333 $0 8.17%
    40% 11 $1,565,000 $142,273 $0 7.59%
    41% 8 $850,000 $106,250 $0 7.96%
    42% 7 $785,000 $112,143 $0 7.82%
    43% 6 $970,000 $161,667 $0 7.02%
    44% 3 $735,000 $245,000 $0 7.50%
    45% 1 $35,000 $35,000 $0 9.50%
    50-60% 1 $55,000 $55,000 $0 8.50%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 324 $39,990,000 $123,426 $0 7.52%
    Black 93 $11,835,000 $127,258 $0 7.90%
    Not provided 39 $3,515,000 $90,128 $0 7.44%
    Asian 4 $1,590,000 $397,500 $0 7.16%
    American Indian 1 $175,000 $175,000 $0 7.50%

    Approval Rates

    Total approvals of all applications
    71.67%

    Guardian Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.01%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    461 $57,105,000 $123,872

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 143 $11,035,000 $77,168 $0 7.70%
    40-60% 52 $6,110,000 $117,500 $0 7.56%
    60-80% 74 $13,310,000 $179,865 $0 7.95%
    80-100% 78 $20,580,000 $263,846 $0 7.33%
    Under 20% 114 $6,070,000 $53,246 $0 7.40%