Auburn University Credit Union Mortgage Rates, Fees & Info

Auburn, AL

LEI: 549300GMZQGVLZ5KCW51

Tax ID: 63-0422553

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Auburn University Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Auburn University Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Auburn, Eufaula, Dothan, Lagrange, and Alexander City among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Auburn University Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Auburn University 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Cash-out Refi 6.40% 11/22/24
    15 Year Conventional Purchase 6.19% 11/22/24
    15 Year Conventional Refi 5.65% 11/22/24
    15 Year Cash-out Refi 5.65% 11/22/24
    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.

    Auburn University Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Auburn University 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

    75

    Origination Dollar Volume (All Markets)

    $8,295,000

    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
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 60 $7,420,000 $123,667 $1,775 4.88%
    Eufaula, AL-GA (FHA|USDA|VA) 1 $245,000 $245,000 $1,995 4.50%
    Outside of Metro Areas 5 $175,000 $35,000 $1,507 4.60%
    DOTHAN, AL (FHA|USDA|VA) 1 $115,000 $115,000 $2,027 4.50%
    LaGrange, GA-AL (FHA|USDA|VA) 2 $110,000 $55,000 $1,489 4.68%
    Alexander City, AL (FHA|USDA|VA) 3 $105,000 $35,000 $1,611 4.46%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $80,000 $40,000 $1,242 5.06%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $45,000 $45,000 $1,067 4.63%
    Auburn University Credit Union's top markets include Auburn, Eufaula, Dothan, Lagrange, and Alexander City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 55 $7,475,000 $135,909 $1,719 4.51%
    HELOC 20 $820,000 $41,000 n/a 5.71%

    For 2019, Auburn University Credit Union's most frequently originated type of loan was Conventional, with 55 originations. Their 2nd most popular type was HELOC, with 20 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 32 $4,530,000 $141,563 $2,018 4.65%
    Cash Out Refi 27 $2,135,000 $79,074 $1,404 4.78%
    Other 7 $405,000 $57,857 $0 5.43%
    Refi 7 $1,145,000 $163,571 $1,503 4.80%
    Home Improvement 2 $80,000 $40,000 $1,252 6.38%

    For 2019, Auburn University Credit Union's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 22 $840,000 $38,182 $1,403 5.26%
    20 Year 22 $4,120,000 $187,273 $1,758 4.46%
    15 Year 16 $2,400,000 $150,000 $2,105 4.47%
    Other 7 $345,000 $49,286 $1,442 4.41%
    5 Year 6 $300,000 $50,000 $1,278 6.21%
    30 Year 2 $290,000 $145,000 $1,995 4.25%

    For 2019, Auburn University Credit Union's most frequently cited loan duration was 10 Year, with 22 originations. The 2nd most popular length was 20 Year, with 22 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 34 $4,780,000 $140,588
    5-6% 23 $1,645,000 $71,522
    3-4% 13 $1,535,000 $118,077
    7-8% 4 $250,000 $62,500
    6-7% 1 $85,000 $85,000

    During 2019, Auburn University Credit Union's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 4-5%, with 34 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 41 $1,865,000 $45,488 $1,469 5.03%
    $100k-200k 21 $2,905,000 $138,333 $1,554 4.65%
    $200k-400k 12 $3,120,000 $260,000 $2,341 4.47%
    $400k-600k 1 $405,000 $405,000 $2,469 4.38%

    2019 saw Auburn University Credit Union place emphasis on $100,000 or less loans with 41 originations, totaling $1,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 17 $1,515,000 $89,118 $1,626 4.83%
    $100k-150k 14 $2,210,000 $157,857 $2,178 4.79%
    $50k or less 14 $1,010,000 $72,143 $1,466 4.54%
    $75k-100k 14 $1,120,000 $80,000 $1,588 4.80%
    $150k-250k 5 $925,000 $185,000 $1,720 5.48%
    $250k+ 2 $460,000 $230,000 $2,469 5.94%

    Auburn University Credit Union lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $100k-150k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 17 $2,575,000 $151,471 $1,755 4.78%
    20-30% 16 $1,830,000 $114,375 $1,548 4.31%
    30-36% 11 $765,000 $69,545 $1,497 5.17%
    38% 4 $290,000 $72,500 $1,953 5.31%
    37% 3 $385,000 $128,333 $2,742 4.75%
    36% 3 $325,000 $108,333 $2,653 5.00%
    39% 2 $150,000 $75,000 $2,027 4.88%
    42% 2 $50,000 $25,000 $1,243 4.94%
    >60% 1 $145,000 $145,000 $2,528 4.50%
    40% 1 $35,000 $35,000 $0 5.50%
    41% 1 $115,000 $115,000 $1,269 5.12%
    43% 1 $85,000 $85,000 $1,314 4.74%
    44% 1 $25,000 $25,000 $0 5.25%
    45% 1 $15,000 $15,000 $1,358 5.00%
    46% 1 $105,000 $105,000 $0 5.25%
    50-60% 1 $315,000 $315,000 $1,859 4.50%

    Auburn University Credit Union lent most frequently to those with DTI ratios of <20%, with 17 originations. The next most common DTI ratio? 20-30%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 53 $6,045,000 $114,057 $1,763 4.79%
    Not applicable 8 $1,030,000 $128,750 $0 4.90%
    Black 11 $735,000 $66,818 $1,314 5.00%
    Asian 1 $245,000 $245,000 $2,529 4.50%
    American Indian 1 $215,000 $215,000 $2,170 4.00%
    Asian Indian 1 $25,000 $25,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    90.10%

    Auburn University Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.33%

    Auburn University Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 75 $8,295,000 $110,600

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $270,000 $45,000
    Single Family (1-4 Units):Site-Built 69 $8,025,000 $116,304

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $430,000 $43,000 $1,334 5.11%
    40-60% 12 $1,110,000 $92,500 $1,396 4.32%
    60-80% 27 $4,925,000 $182,407 $2,022 4.54%
    80-100% 9 $935,000 $103,889 $1,535 4.55%
    Under 20% 14 $560,000 $40,000 $1,252 5.89%