Green Country Fcu Mortgage Rates, Fees & Info
Sand Springs, OKLEI: 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
5Origination Dollar Volume (All Markets)
$995,000Top 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 |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $3,523 | 6.21% |
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
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 applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5 | $995,000 | $199,000 |