Aurgroup Financial Credit Union Mortgage Rates, Fees & Info
FAIRFIELD, OHLEI: 549300KCWMM5PJHWO653
Tax ID: 31-6040371
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Mortgage Data
Review & Overview
Aurgroup Financial Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Aurgroup Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Dayton, Toledo, Lexington, and Louisville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Aurgroup Financial 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. 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 |
|---|---|---|
| 30 Year Conventional Purchase | 7.00% | 4/21/24 |
| 30 Year Conventional Refi | 6.42% | 4/21/24 |
| 30 Year Cash-out Refi | 7.01% | 4/21/24 |
| 30 Year FHA Purchase | 6.27% | 4/21/24 |
| 30 Year FHA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Refi | 6.16% | 4/21/24 |
| 15 Year Cash-out Refi | 6.16% | 4/21/24 |
| 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. | ||
Aurgroup Financial Credit Union Mortgage Calculator
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This is not an official calculator from Aurgroup Financial Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
189Origination Dollar Volume (All Markets)
$15,265,000Relative Rate
Aurgroup Financial Credit Union's average 30 year fixed mortgage rate was
6.49%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.01%.
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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 181 | $14,085,000 | $77,818 | $0 | 6.58% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 7.19% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 5.75% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.49% |
| Outside of Metro Areas | 3 | $205,000 | $68,333 | $0 | 6.57% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 189 | $15,265,000 | $80,767 | $0 | 6.58% |
For 2023, Aurgroup Financial Credit Union's most frequently originated type of loan was Conventional, with 189 originations.
Loan Reason
For 2023, Aurgroup Financial Credit Union's most frequently cited loan purpose was Other, with 60 originations. The 2nd most popular reason was Home Improvement, with 55 originations.
Loan Duration/Length
For 2023, Aurgroup Financial Credit Union's most frequently cited loan duration was 10 Year, with 84 originations. The 2nd most popular length was 15 Year, with 37 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 31 | $6,935,000 | $223,710 |
Aurgroup Financial Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 77 | $6,265,000 | $81,364 |
| 6-7% | 67 | $4,845,000 | $72,313 |
| 7-8% | 32 | $2,740,000 | $85,625 |
| Over 8% | 13 | $1,415,000 | $108,846 |
During 2023, Aurgroup Financial Credit Union's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was 5-6%, with 77 originations.
Loan Sizing
2023 saw Aurgroup Financial Credit Union place emphasis on $100,000 or less loans with 148 originations, totaling $6,550,000 in origination value.
Applicant Income
Aurgroup Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $75k-100k, with 43 originations.
Applicant Debt to Income Ratio
Aurgroup Financial Credit Union lent most frequently to those with DTI ratios of 30-36%, with 50 originations. The next most common DTI ratio? 20-30%, with 47 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.77%
Aurgroup Financial Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination87.83%
Aurgroup Financial Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 125.0 | 1 | $25,000 | $25,000 |
| 2487.09 | 1 | $85,000 | $85,000 |
| 2871.85 | 1 | $145,000 | $145,000 |
| 2897.35 | 1 | $195,000 | $195,000 |
| 2928.85 | 1 | $175,000 | $175,000 |
| 2945.85 | 1 | $165,000 | $165,000 |
| 2960.35 | 1 | $165,000 | $165,000 |
| 2973.35 | 1 | $145,000 | $145,000 |
| 2976.04 | 1 | $245,000 | $245,000 |
| 2980.85 | 1 | $205,000 | $205,000 |
| 3008.85 | 1 | $135,000 | $135,000 |
| 3047.85 | 1 | $145,000 | $145,000 |
| 3052.35 | 1 | $225,000 | $225,000 |
| 3062.35 | 1 | $435,000 | $435,000 |
| 3082.35 | 1 | $275,000 | $275,000 |
| 3233.41 | 1 | $145,000 | $145,000 |
| 324.0 | 1 | $35,000 | $35,000 |
| 325.0 | 9 | $435,000 | $48,333 |
| 3262.85 | 1 | $305,000 | $305,000 |
| 3306.85 | 1 | $225,000 | $225,000 |
| 3334.64 | 1 | $135,000 | $135,000 |
| 3354.85 | 1 | $235,000 | $235,000 |
| 3374.35 | 1 | $135,000 | $135,000 |
| 3433.6 | 1 | $205,000 | $205,000 |
| 3501.85 | 1 | $285,000 | $285,000 |
| 3505.35 | 1 | $205,000 | $205,000 |
| 3609.6 | 1 | $245,000 | $245,000 |
| 3767.35 | 1 | $355,000 | $355,000 |
| 3803.85 | 1 | $235,000 | $235,000 |
| 3889.85 | 1 | $445,000 | $445,000 |
| 3918.15 | 1 | $525,000 | $525,000 |
| 3947.35 | 1 | $295,000 | $295,000 |
| 461.6 | 28 | $1,640,000 | $58,571 |
| 5676.6 | 1 | $75,000 | $75,000 |
| 5882.22 | 1 | $95,000 | $95,000 |
| 6376.1 | 1 | $255,000 | $255,000 |
| NA | 118 | $5,990,000 | $50,763 |