Consumer Credit Union Mortgage Rates, Fees & Info

Greeneville, TN

LEI: 549300R14I3DX6ZMWL07

Tax ID: 62-0962107

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Cash Out Refi and Home Purchase loans. Consumer Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Morristown, Greeneville, Johnson City, Knoxville, and Kingsport 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 about average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.16% 4/21/24
    30 Year Conventional Refi 6.40% 4/21/24
    30 Year Cash-out Refi 6.29% 4/21/24
    15 Year Conventional Purchase 5.73% 4/21/24
    15 Year Conventional Refi 6.01% 4/21/24
    15 Year Cash-out Refi 6.01% 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.

    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

    265

    Origination Dollar Volume (All Markets)

    $35,465,000
    Show all (6) awards

    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) 115 $16,995,000 $147,783 $1,984 3.68%
    Greeneville, TN (FHA|USDA|VA) 90 $10,800,000 $120,000 $1,572 3.65%
    JOHNSON CITY, TN (FHA|USDA|VA) 20 $2,210,000 $110,500 $1,525 3.60%
    KNOXVILLE, TN (FHA|USDA|VA) 15 $1,635,000 $109,000 $1,831 3.68%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 9 $1,535,000 $170,556 $1,841 3.62%
    Newport, TN (FHA|USDA|VA) 10 $1,130,000 $113,000 $1,600 3.51%
    Sevierville, TN (FHA|USDA|VA) 4 $1,020,000 $255,000 $3,140 3.50%
    Outside of Metro Areas 2 $140,000 $70,000 $1,441 3.73%
    Consumer Credit Union's top markets include Morristown, Greeneville, Johnson City, Knoxville, and Kingsport 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.

    CONSUMER Credit Union
    Similarity Rank: 32
    Andrew Johnson Bank
    Similarity Rank: 153
    CU COMMUNITY, LLC
    Similarity Rank: 192
    Home Federal Bank of Tennessee
    Similarity Rank: 376
    Appalachian Community Federal Credit Union
    Similarity Rank: 418
    Y-12 Federal Credit Union
    Similarity Rank: 686
    FIRST BANCORP
    Similarity Rank: 756
    U. T.
    Similarity Rank: 910
    Countybank
    Similarity Rank: 1122
    Community Trust Bank, Inc.
    Similarity Rank: 1128

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 265 $35,465,000 $133,830 $1,794 3.65%

    For 2018, Consumer Credit Union's most frequently originated type of loan was Conventional, with 265 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 105 $14,165,000 $134,905 $1,544 3.61%
    Home Purchase 104 $16,000,000 $153,846 $2,370 3.70%
    Other 22 $1,580,000 $71,818 $1,258 3.63%
    Refi 21 $2,955,000 $140,714 $1,291 3.70%
    Home Improvement 13 $765,000 $58,846 $957 3.65%

    For 2018, Consumer Credit Union's most frequently cited loan purpose was Cash Out Refi, with 105 originations. The 2nd most popular reason was Home Purchase, with 104 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 119 $18,415,000 $154,748 $2,013 3.61%
    15 Year 48 $4,890,000 $101,875 $1,488 3.70%
    Other 30 $4,530,000 $151,000 $1,794 4.00%
    20 Year 27 $4,345,000 $160,926 $1,881 3.57%
    10 Year 21 $1,125,000 $53,571 $1,121 3.60%
    5 Year 15 $415,000 $27,667 $862 3.39%
    30+ year 5 $1,745,000 $349,000 $4,647 3.65%

    For 2018, Consumer Credit Union's most frequently cited loan duration was 30 Year, with 119 originations. The 2nd most popular length was 15 Year, with 48 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 129 $8,665,000 $67,171
    $1k-2k 106 $18,370,000 $173,302
    $2k-3k 10 $3,690,000 $369,000
    $3k-4k 2 $1,130,000 $565,000
    $5k+ 1 $995,000 $995,000

    Consumer Credit Union's average total fees were $2,013, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 129 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 242 $33,000,000 $136,364
    4-5% 22 $2,440,000 $110,909
    2.5-3% 1 $25,000 $25,000

    During 2018, Consumer Credit Union's average interest rate for loans was 3.61%, while their most frequently originated rate bucket for loans was 3-4%, with 242 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 113 $6,515,000 $57,655 $1,120 3.66%
    $100k-200k 104 $14,250,000 $137,019 $1,927 3.63%
    $200k-400k 40 $10,470,000 $261,750 $2,681 3.67%
    $400k-600k 7 $3,235,000 $462,143 $4,679 3.69%
    $600k-1MM 1 $995,000 $995,000 $9,004 3.65%

    2018 saw Consumer Credit Union place emphasis on $100,000 or less loans with 113 originations, totaling $6,515,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 74 $7,580,000 $102,432 $1,541 3.63%
    $75k-100k 59 $8,205,000 $139,068 $1,855 3.58%
    $50k or less 55 $4,485,000 $81,545 $1,386 3.58%
    $100k-150k 28 $4,080,000 $145,714 $1,923 3.71%
    $150k-250k 25 $4,935,000 $197,400 $2,468 3.76%
    $250k+ 15 $4,665,000 $311,000 $3,145 3.62%

    Consumer Credit Union lent most frequently to those with incomes in the $50k-75k range, with 74 originations. The second most popular income band? $75k-100k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 93 $11,775,000 $126,613 $1,774 3.61%
    <20% 62 $6,480,000 $104,516 $1,485 3.57%
    30-36% 43 $7,215,000 $167,791 $2,114 3.62%
    36% 12 $2,280,000 $190,000 $2,368 3.72%
    40% 7 $935,000 $133,571 $1,696 3.85%
    38% 7 $685,000 $97,857 $1,610 3.53%
    41% 5 $855,000 $171,000 $2,001 3.52%
    37% 5 $585,000 $117,000 $1,737 3.44%
    39% 4 $790,000 $197,500 $2,484 3.57%
    43% 4 $430,000 $107,500 $1,421 3.69%
    42% 3 $355,000 $118,333 $1,728 3.50%
    50-60% 1 $65,000 $65,000 $1,390 3.65%
    45% 1 $325,000 $325,000 $2,270 3.65%
    47% 1 $75,000 $75,000 $1,661 3.65%

    Consumer Credit Union lent most frequently to those with DTI ratios of 20-30%, with 93 originations. The next most common DTI ratio? <20%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 255 $34,325,000 $134,608 $1,793 3.63%
    Not applicable 8 $980,000 $122,500 $0 4.38%
    Not provided 1 $115,000 $115,000 $1,992 3.65%
    Black 1 $45,000 $45,000 $0 3.74%

    Approval Rates

    Total approvals of all applications
    85.84%

    Consumer Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.36%

    Consumer Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 265 $35,465,000 $133,830

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $840,000 $420,000
    Single Family (1-4 Units):Site-Built 263 $34,625,000 $131,654

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $2,240,000 $62,222 $1,121 3.60%
    40-60% 41 $4,605,000 $112,317 $1,520 3.59%
    60-80% 120 $19,190,000 $159,917 $2,002 3.60%
    80-100% 39 $6,465,000 $165,769 $2,380 3.61%
    Under 20% 11 $265,000 $24,091 $824 3.82%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Consumer Real Estate Finance Co. FHA mortgage Closing on a mortgage 2 66.7%
    Consumer Real Estate Finance Co. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%