Five Star Credit Union Mortgage Rates, Fees & Info

Dothan, AL

LEI: 549300IOM384RW3HWE57

Tax ID: 58-0960142

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Five Star Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Five Star Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dothan, Brunswick, Ozark, Macon, and Eufaula among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

Five Star 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.

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.


Originations

217

Origination Dollar Volume (All Markets)

$41,915,000

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
DOTHAN, AL (FHA|USDA|VA) 73 $13,075,000 $179,110 $0 0.00%
Outside of Metro Areas 56 $7,980,000 $142,500 $0 0.00%
BRUNSWICK, GA (FHA|USDA|VA) 8 $3,160,000 $395,000 $0 0.00%
Ozark, AL (FHA|USDA|VA) 20 $2,730,000 $136,500 $0 0.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 4 $2,270,000 $567,500 $0 0.00%
Eufaula, AL-GA (FHA|USDA|VA) 10 $1,690,000 $169,000 $0 0.00%
Bainbridge, GA (FHA|USDA|VA) 11 $1,655,000 $150,455 $0 0.00%
Enterprise, AL (FHA|USDA|VA) 9 $1,545,000 $171,667 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 2 $1,340,000 $670,000 $0 0.00%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 5 $1,325,000 $265,000 $0 0.00%
ALBANY, GA (FHA|USDA|VA) 4 $970,000 $242,500 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
MONTGOMERY, AL (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
COLUMBUS, GA-AL (FHA|USDA|VA) 3 $405,000 $135,000 $0 0.00%
SAVANNAH, GA (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
Cordele, GA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Thomasville, GA (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
Troy, AL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Five Star Credit Union's top markets include Dothan, Brunswick, Ozark, Macon, and Eufaula among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Five Star Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Troy Bank and Trust Company
    Similarity Rank: 396
    Tyndall Federal Credit Union
    Similarity Rank: 448
    BankPlus
    Similarity Rank: 553
    River Bank & Trust
    Similarity Rank: 900
    ServisFirst Bank
    Similarity Rank: 1422
    INTERLINC MORTGAGE SERVICES, LLC
    Similarity Rank: 2706
    Renasant Bank
    Similarity Rank: 2925
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 5316
    FREEDOM MORTGAGE CORPORATION
    Similarity Rank: 5370
    UNION HOME MORTGAGE CORP.
    Similarity Rank: 6630

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 217 $41,915,000 $193,157 $0 0.00%

    For 2024, Five Star Credit Union's most frequently originated type of loan was Conventional, with 217 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 140 $28,910,000 $206,500 $0 0.00%
    Refi 76 $12,970,000 $170,658 $0 0.00%
    Cash Out Refi 1 $35,000 $35,000 $0 0.00%

    For 2024, Five Star Credit Union's most frequently cited loan purpose was Home Purchase, with 140 originations. The 2nd most popular reason was Refi, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 217 $41,915,000 $193,157 $0 0.00%

    For 2024, Five Star Credit Union's most frequently cited loan duration was Other, with 217 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 86 $5,310,000 $61,744 $0 0.00%
    $100k-200k 59 $8,315,000 $140,932 $0 0.00%
    $200k-400k 48 $14,210,000 $296,042 $0 0.00%
    $400k-600k 16 $7,570,000 $473,125 $0 0.00%
    $600k-1MM 6 $4,340,000 $723,333 $0 0.00%
    $1MM+ 2 $2,170,000 $1,085,000 $0 0.00%

    2024 saw Five Star Credit Union place emphasis on $100,000 or less loans with 86 originations, totaling $5,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 64 $13,430,000 $209,844 $0 0.00%
    $50k-75k 46 $5,250,000 $114,130 $0 0.00%
    $50k or less 33 $2,845,000 $86,212 $0 0.00%
    $150k-250k 30 $8,090,000 $269,667 $0 0.00%
    $75k-100k 28 $3,240,000 $115,714 $0 0.00%
    $250k+ 16 $9,060,000 $566,250 $0 0.00%

    Five Star Credit Union lent most frequently to those with incomes in the $100k-150k range, with 64 originations. The second most popular income band? $50k-75k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 217 $41,915,000 $193,157 $0 0.00%

    Five Star Credit Union lent most frequently to those with DTI ratios of Exempt%, with 217 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 178 $36,520,000 $205,169 $0 0.00%
    Black 21 $2,735,000 $130,238 $0 0.00%
    Not provided 16 $2,520,000 $157,500 $0 0.00%
    American Indian 2 $140,000 $70,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.12%

    Five Star Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    64.52%

    Five Star 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
    Exempt 217 $41,915,000 $193,157

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    217 $41,915,000 $193,157