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, Daphne, and Troy among others. We have data for 11 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 an above 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 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% | 5/19/24 |
| 30 Year Conventional Purchase | 7.40% | 5/19/24 |
| 30 Year Conventional Refi | 6.27% | 5/19/24 |
| 30 Year Cash-out Refi | 7.90% | 5/19/24 |
| 30 Year FHA Purchase | 6.27% | 5/19/24 |
| 30 Year VA Purchase | 6.27% | 5/19/24 |
| 15 Year Conventional Purchase | 7.84% | 5/19/24 |
| 15 Year Conventional Refi | 5.68% | 5/19/24 |
| 15 Year Cash-out Refi | 5.68% | 5/19/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
152Origination Dollar Volume (All Markets)
$16,880,000Top 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 |
|---|---|---|---|---|---|
| MONTGOMERY, AL (FHA|USDA|VA) | 101 | $11,435,000 | $113,218 | $3,550 | 7.18% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 17 | $2,805,000 | $165,000 | $4,108 | 6.81% |
| Outside of Metro Areas | 15 | $1,225,000 | $81,667 | $3,485 | 7.13% |
| Alexander City, AL (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $3,265 | 7.13% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,810 | 5.25% |
| Troy, AL (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $3,233 | 7.33% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,300 | 6.75% |
| Selma, AL (FHA|USDA|VA) | 4 | $190,000 | $47,500 | $2,936 | 7.56% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $3,242 | 6.67% |
| Ozark, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,731 | 7.50% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,956 | 7.50% |
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 | 152 | $16,880,000 | $111,053 | $3,576 | 7.11% |
For 2019, Guardian Credit Union's most frequently originated type of loan was Conventional, with 152 originations.
Loan Reason
For 2019, Guardian Credit Union's most frequently cited loan purpose was Cash Out Refi, with 74 originations. The 2nd most popular reason was Home Purchase, with 73 originations.
Loan Duration/Length
For 2019, Guardian Credit Union's most frequently cited loan duration was 15 Year, with 94 originations. The 2nd most popular length was 30 Year, with 32 originations.
Origination Fees/Closing Costs
Guardian Credit Union's average total fees were $3,786, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 101 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 50 | $5,710,000 | $114,200 |
| Over 8% | 39 | $3,115,000 | $79,872 |
| 7-8% | 34 | $4,820,000 | $141,765 |
| 5-6% | 26 | $2,490,000 | $95,769 |
| 4-5% | 3 | $745,000 | $248,333 |
During 2019, Guardian Credit Union's average interest rate for loans was 6.55%, while their most frequently originated rate bucket for loans was 6-7%, with 50 originations.
Loan Sizing
2019 saw Guardian Credit Union place emphasis on $100,000 or less loans with 97 originations, totaling $5,045,000 in origination value.
Applicant Income
Guardian Credit Union lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $50k or less, with 36 originations.
Applicant Debt to Income Ratio
Guardian Credit Union lent most frequently to those with DTI ratios of 20-30%, with 45 originations. The next most common DTI ratio? 30-36%, with 34 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 118 | $13,850,000 | $117,373 | $3,640 | 7.11% |
| Black | 34 | $3,030,000 | $89,118 | $3,354 | 7.11% |
Approval Rates
Total approvals of all applications42.78%
Guardian Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination98.68%
Guardian Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 152 | $16,880,000 | $111,053 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 14 | $740,000 | $52,857 |
| Single Family (1-4 Units):Site-Built | 138 | $16,140,000 | $116,957 |