Green Country Fcu Mortgage Rates, Fees & Info

Sand Springs, OK

LEI: 549300N72MT5I3L0FF81

Tax ID: 73-0794698

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Mortgage Data

Review & Overview

Green Country Fcu is a smaller credit union specializing in Cash Out Refi loans. Green Country Fcu has a high proportion of conventional loans. Their top (well, only) market is Tulsa.

Green Country Fcu has an above average approval rate when compared to the average across all lenders. Green Country Fcu is typically a high 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 relatively high rates.

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Originations

5

Origination Dollar Volume (All Markets)

$995,000

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
TULSA, OK (FHA|USDA|VA) 5 $995,000 $199,000 $3,523 6.21%
Green Country Fcu's top markets include and Tulsa among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5 $995,000 $199,000 $3,523 6.21%

    For 2018, Green Country Fcu's most frequently originated type of loan was Conventional, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 3 $885,000 $295,000 $4,936 6.58%
    Other 1 $55,000 $55,000 $1,175 6.00%
    Refi 1 $55,000 $55,000 $1,631 5.29%

    For 2018, Green Country Fcu's most frequently cited loan purpose was Cash Out Refi, with 3 originations. The 2nd most popular reason was Other, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 3 $165,000 $55,000 $1,254 6.18%
    30 Year 1 $815,000 $815,000 $12,082 5.50%
    Other 1 $15,000 $15,000 $1,769 7.00%

    For 2018, Green Country Fcu's most frequently cited loan duration was 15 Year, with 3 originations. The 2nd most popular length was 30 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4 $180,000 $45,000
    $5k+ 1 $815,000 $815,000

    Green Country Fcu's average total fees were $12,082, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 3 $925,000 $308,333
    6-7% 1 $15,000 $15,000
    7-8% 1 $55,000 $55,000

    During 2018, Green Country Fcu's average interest rate for loans was 5.50%, while their most frequently originated rate bucket for loans was 5-6%, with 3 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4 $180,000 $45,000 $1,383 6.39%
    $600k-1MM 1 $815,000 $815,000 $12,082 5.50%

    2018 saw Green Country Fcu place emphasis on $100,000 or less loans with 4 originations, totaling $180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2 $110,000 $55,000 $1,403 5.65%
    $250k+ 1 $815,000 $815,000 $12,082 5.50%
    $50k-75k 1 $15,000 $15,000 $1,769 7.00%
    $75k-100k 1 $55,000 $55,000 $957 7.25%

    Green Country Fcu lent most frequently to those with incomes in the $100k-150k range, with 2 originations. The second most popular income band? $250k+, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3 $125,000 $41,667 $1,452 6.51%
    30-36% 2 $870,000 $435,000 $6,629 5.75%

    Green Country Fcu lent most frequently to those with DTI ratios of 20-30%, with 3 originations. The next most common DTI ratio? 30-36%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    American Indian 5 $995,000 $199,000 $3,523 6.21%

    Approval Rates

    Total approvals of all applications
    100.00%

    Green Country Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5 $995,000 $199,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 5 $995,000 $199,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $55,000 $55,000 $1,175 6.00%
    40-60% 2 $110,000 $55,000 $1,294 6.27%
    Over 100% 1 $815,000 $815,000 $12,082 5.50%
    Under 20% 1 $15,000 $15,000 $1,769 7.00%