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, Home Purchase, and Refi loans. Guardian Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Montgomery, Birmingham, Alexander City, Troy, and Auburn among others. We have data for 12 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. Guardian Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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.

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

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 10/31/24
30 Year Conventional Purchase 7.40% 10/31/24
30 Year Conventional Refi 6.27% 10/31/24
30 Year Cash-out Refi 7.90% 10/31/24
30 Year FHA Purchase 6.27% 10/31/24
30 Year VA Purchase 6.27% 10/31/24
15 Year Conventional Purchase 7.84% 10/31/24
15 Year Conventional Refi 5.68% 10/31/24
15 Year Cash-out Refi 5.68% 10/31/24
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

398

Origination Dollar Volume (All Markets)

$60,450,000

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) 241 $36,955,000 $153,340 $2,113 4.27%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 48 $7,450,000 $155,208 $0 4.58%
Outside of Metro Areas 52 $6,500,000 $125,000 $1,568 4.63%
Alexander City, AL (FHA|USDA|VA) 21 $3,255,000 $155,000 $0 4.24%
Troy, AL (FHA|USDA|VA) 13 $2,015,000 $155,000 $0 4.48%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 5 $1,435,000 $287,000 $0 3.95%
Selma, AL (FHA|USDA|VA) 7 $935,000 $133,571 $0 4.77%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 5 $715,000 $143,000 $0 3.90%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $610,000 $305,000 $0 3.75%
Enterprise, AL (FHA|USDA|VA) 2 $250,000 $125,000 $0 3.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.50%
PANAMA CITY, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.50%
Guardian Credit Union's top markets include Montgomery, Birmingham, Alexander City, Troy, and Auburn among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 352 $57,940,000 $164,602 $1,579 4.42%
    HELOC 40 $1,560,000 $39,000 n/a 3.85%
    FHA 2 $210,000 $105,000 $0 3.31%
    VA 2 $530,000 $265,000 $0 2.88%
    USDA 2 $210,000 $105,000 $0 4.63%

    For 2021, Guardian Credit Union's most frequently originated type of loan was Conventional, with 352 originations. Their 2nd most popular type was HELOC, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 183 $21,825,000 $119,262 $2,332 4.39%
    Home Purchase 131 $24,515,000 $187,137 $0 4.56%
    Refi 79 $13,905,000 $176,013 $827 3.94%
    Other 5 $205,000 $41,000 $0 3.65%

    For 2021, Guardian Credit Union's most frequently cited loan purpose was Cash Out Refi, with 183 originations. The 2nd most popular reason was Home Purchase, with 131 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 175 $35,565,000 $203,229 $2,113 4.00%
    15 Year 156 $10,960,000 $70,256 $1,045 4.61%
    Other 35 $11,135,000 $318,143 $0 5.02%
    10 Year 16 $770,000 $48,125 $0 4.66%
    20 Year 16 $2,020,000 $126,250 $0 3.88%

    For 2021, Guardian Credit Union's most frequently cited loan duration was 30 Year, with 175 originations. The 2nd most popular length was 15 Year, with 156 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4 $590,000 $147,500
    $1k-2k 1 $65,000 $65,000
    $2k-3k 1 $135,000 $135,000

    Guardian Credit Union's average total fees were $2,113, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 160 $26,620,000 $166,375
    4-5% 112 $16,720,000 $149,286
    5-6% 74 $9,610,000 $129,865
    6-7% 26 $2,420,000 $93,077
    2.5-3% 18 $4,330,000 $240,556
    7-8% 4 $340,000 $85,000
    <2.5% 2 $190,000 $95,000

    During 2021, Guardian Credit Union's average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was 3-4%, with 160 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 175 $9,785,000 $55,914 $1,045 4.60%
    $100k-200k 119 $17,285,000 $145,252 $1,930 4.14%
    $200k-400k 80 $21,650,000 $270,625 $2,480 4.11%
    $400k-600k 23 $10,985,000 $477,609 $0 4.32%
    $600k-1MM 1 $745,000 $745,000 $0 4.50%

    2021 saw Guardian Credit Union place emphasis on $100,000 or less loans with 175 originations, totaling $9,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 104 $12,110,000 $116,442 $1,045 4.36%
    $100k-150k 84 $14,890,000 $177,262 $0 4.19%
    $75k-100k 74 $10,800,000 $145,946 $0 4.39%
    $50k or less 70 $5,860,000 $83,714 $3,860 4.63%
    $150k-250k 50 $11,920,000 $238,400 $2,480 4.21%
    $250k+ 15 $4,725,000 $315,000 $0 4.18%

    Guardian Credit Union lent most frequently to those with incomes in the $50k-75k range, with 104 originations. The second most popular income band? $100k-150k, with 84 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 140 $21,850,000 $156,071 $1,872 4.33%
    <20% 101 $14,145,000 $140,050 $0 4.29%
    30-36% 85 $13,235,000 $155,706 $3,860 4.17%
    39% 17 $2,565,000 $150,882 $0 4.73%
    38% 15 $2,245,000 $149,667 $0 4.98%
    37% 12 $1,260,000 $105,000 $0 4.77%
    36% 8 $1,580,000 $197,500 $0 4.41%
    41% 7 $1,615,000 $230,714 $0 4.20%
    40% 4 $470,000 $117,500 $0 4.34%
    46% 3 $525,000 $175,000 $0 4.67%
    50-60% 3 $585,000 $195,000 $0 5.25%
    43% 2 $180,000 $90,000 $0 3.75%
    42% 1 $195,000 $195,000 $0 5.25%

    Guardian Credit Union lent most frequently to those with DTI ratios of 20-30%, with 140 originations. The next most common DTI ratio? <20%, with 101 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 311 $47,125,000 $151,527 $1,399 4.33%
    Black 79 $12,235,000 $154,873 $2,480 4.46%
    Asian 2 $570,000 $285,000 $0 3.63%
    Not provided 6 $520,000 $86,667 $0 4.10%

    Approval Rates

    Total approvals of all applications
    60.01%

    Guardian Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    54.27%

    Guardian Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 398 $60,450,000 $151,884

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    398 $60,450,000 $151,884

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $2,265,000 $68,636 $0 4.70%
    40-60% 45 $4,325,000 $96,111 $0 4.83%
    60-80% 129 $18,835,000 $146,008 $1,568 4.47%
    80-100% 152 $33,510,000 $220,461 $3,170 4.11%
    Over 100% 1 $55,000 $55,000 $0 6.50%
    Under 20% 38 $1,460,000 $38,421 $0 3.97%