Five Star Credit Union Mortgage Rates, Fees & Info
Dothan, ALLEI: 549300IOM384RW3HWE57
Tax ID: 58-0960142
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Mortgage Data
Review & Overview
Five Star Credit Union is a smaller credit union specializing in Home Purchase loans. Five Star Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dothan, Brunswick, Eufaula, Atlanta, and Enterprise among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Five Star 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. Five Star 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.
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Originations
195Origination Dollar Volume (All Markets)
$32,015,000Top 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 |
|---|---|---|---|---|---|
| DOTHAN, AL (FHA|USDA|VA) | 70 | $10,980,000 | $156,857 | $3,580 | 7.27% |
| Outside of Metro Areas | 40 | $5,600,000 | $140,000 | $4,039 | 7.43% |
| BRUNSWICK, GA (FHA|USDA|VA) | 11 | $3,005,000 | $273,182 | $5,110 | 7.10% |
| Eufaula, AL-GA (FHA|USDA|VA) | 20 | $2,890,000 | $144,500 | $3,978 | 7.18% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,960,000 | $490,000 | $14,975 | 7.35% |
| Enterprise, AL (FHA|USDA|VA) | 10 | $1,900,000 | $190,000 | $4,604 | 7.45% |
| Ozark, AL (FHA|USDA|VA) | 11 | $925,000 | $84,091 | $3,045 | 7.53% |
| Bainbridge, GA (FHA|USDA|VA) | 7 | $745,000 | $106,429 | $3,098 | 7.09% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $5,510 | 6.19% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $4,210 | 6.84% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $6,548 | 7.28% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,573 | 5.30% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,025 | 6.42% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,100 | 5.88% |
| Troy, AL (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 7.70% |
| Thomasville, GA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,461 | 9.34% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,642 | 6.52% |
| Moultrie, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.21% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.75% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,575 | 7.69% |
| Jesup, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $5,071 | 7.57% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 195 | $32,015,000 | $164,179 | $4,189 | 7.30% |
For 2023, Five Star Credit Union's most frequently originated type of loan was Conventional, with 195 originations.
Loan Reason
For 2023, Five Star Credit Union's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.
Loan Duration/Length
For 2023, Five Star Credit Union's most frequently cited loan duration was 30 Year, with 73 originations. The 2nd most popular length was 15 Year, with 59 originations.
Origination Fees/Closing Costs
Five Star Credit Union's average total fees were $4,436, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 88 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 71 | $14,605,000 | $205,704 |
| Over 8% | 57 | $4,085,000 | $71,667 |
| 7-8% | 39 | $5,105,000 | $130,897 |
| 5-6% | 28 | $8,220,000 | $293,571 |
During 2023, Five Star Credit Union's average interest rate for loans was 6.65%, while their most frequently originated rate bucket for loans was 6-7%, with 71 originations.
Loan Sizing
2023 saw Five Star Credit Union place emphasis on $100,000 or less loans with 89 originations, totaling $5,405,000 in origination value.
Applicant Income
Five Star Credit Union lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $50k-75k, with 46 originations.
Applicant Debt to Income Ratio
Five Star Credit Union lent most frequently to those with DTI ratios of 20-30%, with 54 originations. The next most common DTI ratio? 30-36%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications67.43%
Five Star Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination89.74%
Five Star Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1116.18 | 1 | $55,000 | $55,000 |
| 1205.0 | 1 | $115,000 | $115,000 |
| 1302.18 | 1 | $25,000 | $25,000 |
| 1369.0 | 1 | $25,000 | $25,000 |
| 1504.0 | 1 | $35,000 | $35,000 |
| 1704.0 | 1 | $45,000 | $45,000 |
| 1710.18 | 1 | $45,000 | $45,000 |
| 1863.0 | 1 | $55,000 | $55,000 |
| 1864.0 | 1 | $75,000 | $75,000 |
| 2038.69 | 1 | $85,000 | $85,000 |
| 2039.0 | 1 | $55,000 | $55,000 |
| 2055.0 | 1 | $75,000 | $75,000 |
| 2075.58 | 1 | $55,000 | $55,000 |
| 2196.03 | 1 | $45,000 | $45,000 |
| 2396.0 | 1 | $55,000 | $55,000 |
| 2426.67 | 1 | $55,000 | $55,000 |
| 2439.0 | 1 | $65,000 | $65,000 |
| 2492.09 | 1 | $75,000 | $75,000 |
| 2751.58 | 1 | $85,000 | $85,000 |
| 2794.0 | 1 | $85,000 | $85,000 |
| 2804.0 | 1 | $95,000 | $95,000 |
| 2873.13 | 1 | $95,000 | $95,000 |
| 2932.0 | 1 | $95,000 | $95,000 |
| 2978.68 | 1 | $105,000 | $105,000 |
| 2994.0 | 1 | $95,000 | $95,000 |
| 3087.46 | 1 | $95,000 | $95,000 |
| 3168.09 | 1 | $95,000 | $95,000 |
| 3188.53 | 1 | $125,000 | $125,000 |
| 3364.18 | 1 | $165,000 | $165,000 |
| 3656.38 | 1 | $125,000 | $125,000 |
| 3766.58 | 1 | $135,000 | $135,000 |
| NA | 164 | $29,580,000 | $180,366 |