Consumer Credit Union Mortgage Rates, Fees & Info

Greeneville, TN

LEI: 549300R14I3DX6ZMWL07

Tax ID: 62-0962107

5 stars - Updated: 11/17/24 - out of 5 stars, based on 13 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Consumer Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Consumer Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Morristown, Greeneville, Johnson City, Kingsport, and Knoxville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Consumer 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. Consumer Credit Union is typically a low 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.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.16% 11/17/24
    30 Year Conventional Refi 6.40% 11/17/24
    30 Year Cash-out Refi 6.29% 11/17/24
    15 Year Conventional Purchase 5.73% 11/17/24
    15 Year Conventional Refi 6.01% 11/17/24
    15 Year Cash-out Refi 6.01% 11/17/24
    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.

    Consumer Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Consumer 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

    163

    Origination Dollar Volume (All Markets)

    $36,725,000
    Show all (6) awards

    Relative Rate

    Consumer Credit Union's average 30 year fixed mortgage rate was 6.38%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.1%.

    Relative Fees (Closing Costs)

    Consumer Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,641.

    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 $9,089.

    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
    MORRISTOWN, TN (FHA|USDA|VA) 55 $12,505,000 $227,364 $3,206 6.50%
    Greeneville, TN (FHA|USDA|VA) 49 $9,925,000 $202,551 $2,365 6.58%
    JOHNSON CITY, TN (FHA|USDA|VA) 34 $8,470,000 $249,118 $3,430 6.70%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 7 $2,525,000 $360,714 $5,772 6.93%
    KNOXVILLE, TN (FHA|USDA|VA) 12 $2,470,000 $205,833 $3,356 6.47%
    Newport, TN (FHA|USDA|VA) 4 $500,000 $125,000 $1,591 6.65%
    Sevierville, TN (FHA|USDA|VA) 1 $245,000 $245,000 $3,962 6.49%
    Crossville, TN (FHA|USDA|VA) 1 $85,000 $85,000 $1,389 7.75%
    Consumer Credit Union's top markets include Morristown, Greeneville, Johnson City, Kingsport, and Knoxville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

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

    SouthEast Bank
    Similarity Rank: 68
    NORTHEAST COMMUNITY
    Similarity Rank: 69
    CONSUMER Credit Union
    Similarity Rank: 128
    ENRICHMENT
    Similarity Rank: 230
    Home Federal Bank of Tennessee
    Similarity Rank: 282
    ORNL Federal Credit Union
    Similarity Rank: 558
    Countybank
    Similarity Rank: 648
    Community Trust Bank, Inc.
    Similarity Rank: 648
    Y-12 Federal Credit Union
    Similarity Rank: 784
    SmartBank
    Similarity Rank: 1104

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 163 $36,725,000 $225,307 $3,071 6.59%

    For 2023, Consumer Credit Union's most frequently originated type of loan was Conventional, with 163 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 67 $18,695,000 $279,030 $4,283 6.39%
    Cash Out Refi 62 $9,970,000 $160,806 $1,950 6.63%
    Other 21 $6,815,000 $324,524 $0 7.09%
    Home Improvement 9 $755,000 $83,889 $1,756 7.26%
    Refi 3 $245,000 $81,667 $1,074 5.07%
    NA 1 $245,000 $245,000 $0 6.75%

    For 2023, Consumer Credit Union's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Cash Out Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 85 $22,415,000 $263,706 $3,641 6.38%
    20 Year 44 $11,770,000 $267,500 $0 6.91%
    15 Year 29 $2,045,000 $70,517 $1,620 6.89%
    10 Year 3 $125,000 $41,667 $1,610 5.99%
    5 Year 2 $370,000 $185,000 $1,028 5.56%

    For 2023, Consumer Credit Union's most frequently cited loan duration was 30 Year, with 85 originations. The 2nd most popular length was 20 Year, with 44 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 48 $8,960,000 $186,667
    $<1k 46 $3,220,000 $70,000
    $2k-3k 14 $5,170,000 $369,286
    $3k-4k 7 $4,235,000 $605,000
    $5k+ 2 $2,320,000 $1,160,000
    $4k-5k 1 $705,000 $705,000

    Consumer Credit Union's average total fees were $3,641, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 48 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 78 $17,470,000 $223,974
    5-6% 44 $9,350,000 $212,500
    7-8% 38 $9,660,000 $254,211
    Over 8% 2 $90,000 $45,000
    3-4% 1 $155,000 $155,000

    During 2023, Consumer Credit Union's average interest rate for loans was 6.38%, while their most frequently originated rate bucket for loans was 6-7%, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 57 $16,545,000 $290,263 $3,971 6.57%
    $100,000 or less 49 $2,685,000 $54,796 $1,589 6.69%
    $100k-200k 36 $5,100,000 $141,667 $2,569 6.37%
    $400k-600k 14 $6,740,000 $481,429 $5,060 6.92%
    $600k-1MM 5 $3,335,000 $667,000 $6,650 6.69%
    $1MM+ 2 $2,320,000 $1,160,000 $11,609 6.43%

    2023 saw Consumer Credit Union place emphasis on $200k-400k loans with 57 originations, totaling $16,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $3,840,000 $128,000 $2,274 6.53%
    $100k-150k 29 $4,925,000 $169,828 $2,786 6.46%
    $150k-250k 23 $6,245,000 $271,522 $4,123 6.60%
    $75k-100k 22 $3,830,000 $174,091 $2,914 6.63%
    $250k+ 19 $8,415,000 $442,895 $6,613 6.65%
    $50k or less 15 $1,835,000 $122,333 $1,989 6.33%

    Consumer Credit Union lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $100k-150k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $6,890,000 $202,647 $2,958 6.38%
    <20% 30 $4,870,000 $162,333 $2,677 6.41%
    30-36% 23 $4,685,000 $203,696 $3,184 6.70%
    39% 7 $935,000 $133,571 $2,605 6.76%
    37% 7 $1,375,000 $196,429 $2,466 6.19%
    38% 5 $2,105,000 $421,000 $5,296 6.72%
    36% 4 $540,000 $135,000 $2,429 7.03%
    40% 3 $705,000 $235,000 $3,363 6.04%
    43% 1 $675,000 $675,000 $8,434 6.75%
    45% 1 $35,000 $35,000 $990 5.75%
    48% 1 $65,000 $65,000 $2,101 6.49%
    50-60% 1 $1,205,000 $1,205,000 $11,441 5.75%
    >60% 1 $525,000 $525,000 $3,445 7.00%

    Consumer Credit Union lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? <20%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 134 $28,730,000 $214,403 $3,108 6.54%
    Not applicable 25 $7,635,000 $305,400 $0 6.91%
    Black 3 $225,000 $75,000 $1,789 6.38%
    Asian 1 $135,000 $135,000 $2,702 6.75%

    Approval Rates

    Total approvals of all applications
    83.27%

    Consumer Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.33%

    Consumer 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
    NA 163 $36,725,000 $225,307

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    163 $36,725,000 $225,307

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,010,000 $72,143 $1,606 6.51%
    40-60% 27 $3,855,000 $142,778 $2,449 6.52%
    60-80% 70 $19,650,000 $280,714 $3,863 6.42%
    80-100% 30 $10,270,000 $342,333 $4,143 6.74%
    Over 100% 1 $255,000 $255,000 $4,548 7.13%
    Under 20% 20 $1,300,000 $65,000 $1,719 7.17%