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 Home Purchase loans. Aurgroup Financial Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Cincinnati, Wilmington, Dayton, and Indianapolis among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Aurgroup Financial 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.00% | 11/21/24 |
| 30 Year Conventional Refi | 6.42% | 11/21/24 |
| 30 Year Cash-out Refi | 7.01% | 11/21/24 |
| 30 Year FHA Purchase | 6.27% | 11/21/24 |
| 30 Year FHA Refi | 6.27% | 11/21/24 |
| 15 Year Conventional Refi | 6.16% | 11/21/24 |
| 15 Year Cash-out Refi | 6.16% | 11/21/24 |
| 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
160Origination Dollar Volume (All Markets)
$17,850,000Top 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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 153 | $17,075,000 | $111,601 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $320,000 | $160,000 | $0 | 0.00% |
| Wilmington, OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $16,205,000 | $107,318 | $0 | 0.00% |
| VA | 6 | $1,330,000 | $221,667 | $0 | 0.00% |
| USDA | 3 | $315,000 | $105,000 | $0 | 0.00% |
For 2018, Aurgroup Financial Credit Union's most frequently originated type of loan was Conventional, with 151 originations. Their 2nd most popular type was VA, with 6 originations.
Loan Reason
For 2018, Aurgroup Financial Credit Union's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Other, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 160 | $17,850,000 | $111,563 | $0 | 0.00% |
For 2018, Aurgroup Financial Credit Union's most frequently cited loan duration was Other, with 160 originations.
Loan Sizing
2018 saw Aurgroup Financial Credit Union place emphasis on $100,000 or less loans with 81 originations, totaling $4,005,000 in origination value.
Applicant Income
Aurgroup Financial Credit Union lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $50k or less, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 160 | $17,850,000 | $111,563 | $0 | 0.00% |
Aurgroup Financial Credit Union lent most frequently to those with DTI ratios of Exempt%, with 160 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.96%
Aurgroup Financial Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination67.50%
Aurgroup Financial 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 | 160 | $17,850,000 | $111,563 |