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, Home Purchase, and Refi 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 a below 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/17/25 |
| 30 Year Conventional Purchase | 7.48% | 4/17/25 |
| 30 Year Conventional Refi | 6.11% | 4/17/25 |
| 30 Year Cash-out Refi | 8.03% | 4/17/25 |
| 30 Year FHA Purchase | 6.72% | 4/17/25 |
| 30 Year VA Purchase | 6.72% | 4/17/25 |
| 30 Year USDA Purchase | 6.72% | 4/17/25 |
| 15 Year Conventional Purchase | 6.00% | 4/17/25 |
| 15 Year Conventional Refi | 6.00% | 4/17/25 |
| 15 Year Cash-out Refi | 6.00% | 4/17/25 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
370Origination Dollar Volume (All Markets)
$49,140,000Relative Rate
Guardian Credit Union's average 30 year fixed mortgage rate was
6.62%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.07%.
Top Markets
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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) | 269 | $35,125,000 | $130,576 | $0 | 7.43% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 22 | $4,350,000 | $197,727 | $0 | 7.35% |
| Outside of Metro Areas | 37 | $3,855,000 | $104,189 | $0 | 7.75% |
| Alexander City, AL (FHA|USDA|VA) | 8 | $1,570,000 | $196,250 | $0 | 7.41% |
| Troy, AL (FHA|USDA|VA) | 10 | $1,310,000 | $131,000 | $0 | 6.90% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 6 | $1,060,000 | $176,667 | $0 | 6.71% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $0 | 7.25% |
| Eufaula, AL-GA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 7.06% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 6.25% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.25% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.25% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.75% |
| Enterprise, AL (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 6.88% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 9.38% |
| Selma, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.50% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $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 | 212 | $39,330,000 | $185,519 | $0 | 7.73% |
| HELOC | 158 | $9,810,000 | $62,089 | n/a | 7.01% |
For 2024, Guardian Credit Union's most frequently originated type of loan was Conventional, with 212 originations. Their 2nd most popular type was HELOC, with 158 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 230 | $17,140,000 | $74,522 | $0 | 7.59% |
| Home Purchase | 96 | $21,930,000 | $228,438 | $0 | 7.39% |
| Refi | 44 | $10,070,000 | $228,864 | $0 | 6.64% |
For 2024, Guardian Credit Union's most frequently cited loan purpose was Cash Out Refi, with 230 originations. The 2nd most popular reason was Home Purchase, with 96 originations.
Loan Duration/Length
For 2024, Guardian Credit Union's most frequently cited loan duration was 15 Year, with 243 originations. The 2nd most popular length was 30 Year, with 79 originations.
Origination Fees/Closing Costs
Guardian 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 17 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 157 | $21,835,000 | $139,076 |
| 7-8% | 103 | $15,975,000 | $155,097 |
| Over 8% | 98 | $7,790,000 | $79,490 |
| 5-6% | 8 | $2,170,000 | $271,250 |
| 4-5% | 4 | $1,370,000 | $342,500 |
During 2024, Guardian Credit Union's average interest rate for loans was 6.62%, while their most frequently originated rate bucket for loans was 6-7%, with 157 originations.
Loan Sizing
2024 saw Guardian Credit Union place emphasis on $100,000 or less loans with 223 originations, totaling $11,615,000 in origination value.
Applicant Income
Guardian Credit Union lent most frequently to those with incomes in the $100k-150k range, with 100 originations. The second most popular income band? $50k-75k, with 73 originations.
Applicant Debt to Income Ratio
Guardian Credit Union lent most frequently to those with DTI ratios of 20-30%, with 99 originations. The next most common DTI ratio? 30-36%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications52.57%
Guardian Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination75.95%
Guardian Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 370 | $49,140,000 | $132,811 |