Ornl Federal Credit Union Mortgage Rates, Fees & Info

Oak Ridge, TN

LEI: 549300K6L4VXCXWN4205

Tax ID: 62-0476738

5 stars - Updated: 4/17/25 - out of 5 stars, based on 37 reviews

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

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Mortgage Data

Review & Overview

Ornl Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Ornl Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Morristown, Sevierville, Kingsport, and Athens among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

Ornl Federal 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. Ornl Federal Credit Union is typically an average 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
30 Year Conventional Purchase 6.75% 4/17/25
30 Year Conventional Refi 6.85% 4/17/25
30 Year Cash-out Refi 6.81% 4/17/25
15 Year Conventional Purchase 5.91% 4/17/25
15 Year Conventional Refi 6.13% 4/17/25
15 Year Cash-out Refi 6.13% 4/17/25
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.

Ornl Federal Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Ornl Federal 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

1,380

Origination Dollar Volume (All Markets)

$315,420,000

Awards

ORNL Federal Credit Union 30 Year Conventional Loans silver ORNL Federal Credit Union 30 Year Conventional Loans silver ORNL Federal Credit Union 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

Ornl Federal Credit Union's average 30 year fixed mortgage rate was 6.54%.

The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

This yields a difference of -0.01%.

Relative Fees (Closing Costs)

Ornl Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $7,415.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

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
KNOXVILLE, TN (FHA|USDA|VA) 1,114 $255,510,000 $229,363 $7,142 8.07%
MORRISTOWN, TN (FHA|USDA|VA) 85 $19,505,000 $229,471 $7,107 7.98%
Outside of Metro Areas 74 $14,380,000 $194,324 $5,785 7.82%
Sevierville, TN (FHA|USDA|VA) 46 $11,210,000 $243,696 $7,261 7.76%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 6 $2,920,000 $486,667 $9,947 7.57%
Athens, TN (FHA|USDA|VA) 12 $2,120,000 $176,667 $5,170 7.92%
Crossville, TN (FHA|USDA|VA) 10 $2,000,000 $200,000 $7,261 8.32%
CLEVELAND, TN (FHA|USDA|VA) 8 $2,000,000 $250,000 $7,714 7.68%
Dayton, TN (FHA|USDA|VA) 3 $1,535,000 $511,667 $10,213 6.58%
Newport, TN (FHA|USDA|VA) 9 $1,125,000 $125,000 $5,132 7.31%
JOHNSON CITY, TN (FHA|USDA|VA) 3 $995,000 $331,667 $6,869 5.92%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $600,000 $300,000 $6,083 8.38%
Cookeville, TN (FHA|USDA|VA) 2 $480,000 $240,000 $8,414 8.50%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $285,000 $285,000 $6,722 6.38%
Richmond-Berea, KY (FHA|USDA|VA) 1 $265,000 $265,000 $5,479 7.00%
Greeneville, TN (FHA|USDA|VA) 2 $210,000 $105,000 $3,482 8.81%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.75%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.50%
Ornl Federal Credit Union's top markets include Knoxville, Morristown, Sevierville, Kingsport, and Athens among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Similar Lenders

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

    ENRICHMENT
    Similarity Rank: 230
    CONSUMER Credit Union
    Similarity Rank: 296
    Home Federal Bank of Tennessee
    Similarity Rank: 510
    Y-12 Federal Credit Union
    Similarity Rank: 602
    Community Trust Bank, Inc.
    Similarity Rank: 672
    Commercial Bank
    Similarity Rank: 912
    SouthEast Bank
    Similarity Rank: 1440
    KNOXVILLE TVA EMPLOYEES CREDIT UNION
    Similarity Rank: 1494
    U. T.
    Similarity Rank: 1807
    ORNL Federal Credit Union
    Similarity Rank: 1836

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 747 $85,355,000 $114,264 n/a 9.34%
    Conventional 633 $230,065,000 $363,452 $7,058 6.47%

    For 2024, Ornl Federal Credit Union's most frequently originated type of loan was HELOC, with 747 originations. Their 2nd most popular type was Conventional, with 633 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 571 $71,765,000 $125,683 $4,916 9.09%
    Home Purchase 476 $195,910,000 $411,576 $7,766 6.48%
    Cash Out Refi 306 $40,380,000 $131,961 $4,684 8.59%
    Refi 26 $7,120,000 $273,846 $5,494 6.43%
    Other 1 $245,000 $245,000 $0 7.00%

    For 2024, Ornl Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 571 originations. The 2nd most popular reason was Home Purchase, with 476 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 797 $97,705,000 $122,591 $5,602 9.14%
    30 Year 517 $198,165,000 $383,298 $7,415 6.54%
    15 Year 38 $6,890,000 $181,316 $4,717 6.06%
    10 Year 12 $2,520,000 $210,000 $5,461 5.60%
    5 Year 10 $6,660,000 $666,000 $0 7.28%
    1 Year 3 $2,935,000 $978,333 $0 7.35%
    Other 3 $545,000 $181,667 $5,029 6.96%

    For 2024, Ornl Federal Credit Union's most frequently cited loan duration was 20 Year, with 797 originations. The 2nd most popular length was 30 Year, with 517 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 156 $103,270,000 $661,987
    $2k-3k 130 $25,090,000 $193,000
    $3k-4k 128 $34,970,000 $273,203
    $4k-5k 114 $41,150,000 $360,965
    $1k-2k 87 $15,245,000 $175,230
    $<1k 4 $590,000 $147,500

    Ornl Federal Credit Union's average total fees were $7,415, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 156 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 638 $72,410,000 $113,495
    6-7% 458 $166,720,000 $364,017
    7-8% 183 $46,485,000 $254,016
    5-6% 98 $29,330,000 $299,286
    4-5% 3 $475,000 $158,333

    During 2024, Ornl Federal Credit Union's average interest rate for loans was 6.54%, while their most frequently originated rate bucket for loans was Over 8%, with 638 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 422 $26,580,000 $62,986 $3,450 9.25%
    $200k-400k 398 $110,340,000 $277,236 $6,323 7.21%
    $100k-200k 375 $52,555,000 $140,147 $4,394 8.26%
    $400k-600k 96 $45,870,000 $477,813 $8,856 6.42%
    $600k-1MM 70 $51,900,000 $741,429 $12,288 6.51%
    $1MM+ 19 $28,175,000 $1,482,895 $15,727 6.96%

    2024 saw Ornl Federal Credit Union place emphasis on $100,000 or less loans with 422 originations, totaling $26,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 370 $77,070,000 $208,297 $7,149 8.24%
    $150k-250k 276 $82,910,000 $300,399 $8,915 7.87%
    $75k-100k 252 $41,890,000 $166,230 $6,061 8.23%
    $50k-75k 208 $29,100,000 $139,904 $5,186 8.13%
    $50k or less 136 $16,130,000 $118,603 $4,351 7.87%
    $250k+ 97 $52,385,000 $540,052 $11,422 7.51%

    Ornl Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 370 originations. The second most popular income band? $150k-250k, with 276 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 290 $55,570,000 $191,621 $6,537 8.07%
    30-36% 261 $55,555,000 $212,854 $6,575 7.97%
    44% 135 $23,605,000 $174,852 $7,948 8.87%
    <20% 102 $17,310,000 $169,706 $5,886 8.14%
    42% 69 $12,425,000 $180,072 $6,454 8.27%
    43% 69 $14,115,000 $204,565 $6,545 8.10%
    40% 58 $12,850,000 $221,552 $6,565 7.95%
    41% 56 $12,770,000 $228,036 $6,553 8.12%
    36% 51 $11,555,000 $226,569 $6,713 8.04%
    37% 51 $12,105,000 $237,353 $8,110 8.26%
    39% 44 $11,490,000 $261,136 $8,991 8.32%
    38% 41 $8,865,000 $216,220 $6,830 8.22%
    >60% 24 $5,790,000 $241,250 $4,438 7.34%
    48% 23 $9,445,000 $410,652 $8,423 6.43%
    49% 23 $11,635,000 $505,870 $9,347 6.50%
    45% 21 $8,925,000 $425,000 $8,549 6.94%
    47% 20 $7,660,000 $383,000 $7,996 6.63%
    46% 19 $9,115,000 $479,737 $10,341 7.01%
    50-60% 9 $4,885,000 $542,778 $8,280 6.85%

    Ornl Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 290 originations. The next most common DTI ratio? 30-36%, with 261 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,092 $237,600,000 $217,582 $6,986 8.05%
    Not provided 210 $55,170,000 $262,714 $7,370 7.81%
    Not applicable 10 $8,880,000 $888,000 $0 7.26%
    Asian 22 $6,770,000 $307,727 $7,898 7.36%
    Black 39 $5,675,000 $145,513 $6,314 9.15%
    American Indian 4 $550,000 $137,500 $2,856 8.32%
    Asian Indian 1 $465,000 $465,000 $0 7.50%
    Other Asian 1 $165,000 $165,000 $0 7.25%
    Native Hawaiian or Islander 1 $145,000 $145,000 $4,569 6.63%

    Approval Rates

    Total approvals of all applications
    91.98%

    Ornl Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.91%

    Ornl Federal 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
    0.0 1 $55,000 $55,000
    1016.4 1 $95,000 $95,000
    1036.4 1 $225,000 $225,000
    1066.4 1 $125,000 $125,000
    164.0 1 $255,000 $255,000
    175.2 1 $125,000 $125,000
    180.2 4 $340,000 $85,000
    188.92 1 $95,000 $95,000
    191.4 2 $430,000 $215,000
    196.4 1 $55,000 $55,000
    355.2 1 $125,000 $125,000
    454.0 2 $170,000 $85,000
    455.2 1 $195,000 $195,000
    459.4 1 $85,000 $85,000
    466.46 1 $175,000 $175,000
    467.2 1 $85,000 $85,000
    470.2 83 $8,055,000 $97,048
    470.25 1 $35,000 $35,000
    471.46 12 $1,700,000 $141,667
    475.2 176 $18,260,000 $103,750
    478.92 1 $105,000 $105,000
    483.92 12 $1,210,000 $100,833
    486.4 97 $11,425,000 $117,784
    487.66 1 $245,000 $245,000
    491.4 190 $21,970,000 $115,632
    496.4 1 $155,000 $155,000
    502.6 1 $185,000 $185,000
    507.6 1 $105,000 $105,000
    525.2 1 $205,000 $205,000
    541.4 1 $105,000 $105,000
    546.4 1 $75,000 $75,000
    555.2 1 $175,000 $175,000
    570.2 2 $220,000 $110,000
    575.2 4 $380,000 $95,000
    579.0 1 $105,000 $105,000
    586.4 1 $95,000 $95,000
    591.4 1 $65,000 $65,000
    689.0 1 $105,000 $105,000
    700.2 18 $2,030,000 $112,778
    701.46 5 $535,000 $107,000
    705.2 29 $4,155,000 $143,276
    708.92 2 $220,000 $110,000
    713.92 8 $1,140,000 $142,500
    713.96 1 $25,000 $25,000
    716.4 25 $3,335,000 $133,400
    721.4 40 $5,570,000 $139,250
    775.2 1 $125,000 $125,000
    791.4 2 $210,000 $105,000
    805.2 1 $25,000 $25,000
    821.4 1 $105,000 $105,000
    845.2 1 $65,000 $65,000
    875.2 1 $75,000 $75,000
    NA 634 $230,190,000 $363,076

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,380 $315,420,000 $228,565

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 400 $51,600,000 $129,000 $4,483 8.89%
    40-60% 192 $45,360,000 $236,250 $6,358 7.67%
    60-80% 219 $94,055,000 $429,475 $7,846 6.78%
    80-100% 270 $104,310,000 $386,333 $7,536 6.61%
    Under 20% 299 $20,095,000 $67,207 $3,313 9.30%