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

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  • 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: Greeneville, Morristown, Knoxville, Johnson City, and Kingsport among others. We have data for 11 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.16% 12/2/24
    30 Year Conventional Refi 6.40% 12/2/24
    30 Year Cash-out Refi 6.29% 12/2/24
    15 Year Conventional Purchase 5.73% 12/2/24
    15 Year Conventional Refi 6.01% 12/2/24
    15 Year Cash-out Refi 6.01% 12/2/24
    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

    378

    Origination Dollar Volume (All Markets)

    $79,020,000
    Show all (10) 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
    Greeneville, TN (FHA|USDA|VA) 135 $35,395,000 $262,185 $1,702 2.91%
    MORRISTOWN, TN (FHA|USDA|VA) 150 $26,400,000 $176,000 $2,122 2.85%
    KNOXVILLE, TN (FHA|USDA|VA) 29 $6,725,000 $231,897 $2,861 2.80%
    JOHNSON CITY, TN (FHA|USDA|VA) 36 $5,790,000 $160,833 $1,835 2.81%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 14 $2,420,000 $172,857 $1,889 2.84%
    Sevierville, TN (FHA|USDA|VA) 4 $960,000 $240,000 $3,158 2.62%
    Newport, TN (FHA|USDA|VA) 4 $640,000 $160,000 $1,666 2.93%
    Outside of Metro Areas 3 $415,000 $138,333 $2,156 2.58%
    Athens, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,163 3.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $55,000 $55,000 $1,068 2.99%
    Crossville, TN (FHA|USDA|VA) 1 $55,000 $55,000 $1,494 2.63%
    Consumer Credit Union's top markets include Greeneville, Morristown, Knoxville, Johnson City, 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.

    NORTHEAST COMMUNITY
    Similarity Rank: 82
    CONSUMER Credit Union
    Similarity Rank: 330
    First Community Bank
    Similarity Rank: 462
    FIRST BANCORP
    Similarity Rank: 646
    Home Federal Bank of Tennessee
    Similarity Rank: 688
    ENRICHMENT
    Similarity Rank: 1378
    F&M Bank
    Similarity Rank: 1560
    LENDERFI, INC.
    Similarity Rank: 1659
    Y-12 Federal Credit Union
    Similarity Rank: 1875
    CU COMMUNITY, LLC
    Similarity Rank: 1890

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 378 $79,020,000 $209,048 $2,003 2.86%

    For 2020, Consumer Credit Union's most frequently originated type of loan was Conventional, with 378 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 201 $45,975,000 $228,731 $1,772 2.80%
    Home Purchase 95 $18,215,000 $191,737 $2,665 2.93%
    Refi 59 $12,275,000 $208,051 $2,048 2.95%
    Other 14 $1,850,000 $132,143 $1,590 2.79%
    Home Improvement 9 $705,000 $78,333 $1,261 2.93%

    For 2020, Consumer Credit Union's most frequently cited loan purpose was Cash Out Refi, with 201 originations. The 2nd most popular reason was Home Purchase, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 182 $35,430,000 $194,670 $2,243 2.86%
    15 Year 105 $15,255,000 $145,286 $1,887 2.83%
    Other 40 $22,000,000 $550,000 $1,360 3.28%
    10 Year 20 $2,130,000 $106,500 $1,332 2.63%
    20 Year 18 $2,590,000 $143,889 $1,766 2.64%
    5 Year 12 $1,440,000 $120,000 $1,591 2.54%
    30+ year 1 $175,000 $175,000 $3,480 2.49%

    For 2020, Consumer Credit Union's most frequently cited loan duration was 30 Year, with 182 originations. The 2nd most popular length was 15 Year, with 105 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 188 $34,240,000 $182,128
    $<1k 137 $10,185,000 $74,343
    $2k-3k 20 $7,330,000 $366,500
    $3k-4k 7 $4,425,000 $632,143
    $4k-5k 1 $835,000 $835,000
    $5k+ 1 $1,925,000 $1,925,000

    Consumer Credit Union's average total fees were $2,243, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 188 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 194 $32,020,000 $165,052
    <2.5% 102 $14,800,000 $145,098
    3-4% 82 $32,200,000 $392,683

    During 2020, Consumer Credit Union's average interest rate for loans was 2.86%, while their most frequently originated rate bucket for loans was 2.5-3%, with 194 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 144 $20,760,000 $144,167 $1,806 2.86%
    $100,000 or less 122 $7,650,000 $62,705 $1,305 2.81%
    $200k-400k 95 $25,035,000 $263,526 $2,615 2.91%
    $400k-600k 9 $4,535,000 $503,889 $4,770 3.05%
    $600k-1MM 5 $3,505,000 $701,000 $6,522 2.71%
    $1MM+ 3 $17,535,000 $5,845,000 $16,336 3.31%

    2020 saw Consumer Credit Union place emphasis on $100k-200k loans with 144 originations, totaling $20,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 87 $12,365,000 $142,126 $1,691 2.77%
    $50k or less 81 $7,585,000 $93,642 $1,442 2.84%
    $100k-150k 78 $14,890,000 $190,897 $2,162 2.84%
    $75k-100k 60 $9,170,000 $152,833 $1,881 2.84%
    $150k-250k 32 $7,700,000 $240,625 $2,500 2.84%
    $250k+ 26 $25,100,000 $965,385 $4,292 2.92%

    Consumer Credit Union lent most frequently to those with incomes in the $50k-75k range, with 87 originations. The second most popular income band? $50k or less, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 116 $19,180,000 $165,345 $2,011 2.83%
    <20% 98 $13,970,000 $142,551 $1,804 2.76%
    30-36% 79 $15,105,000 $191,203 $2,156 2.82%
    40% 12 $2,260,000 $188,333 $2,113 3.00%
    38% 11 $1,645,000 $149,545 $2,017 2.70%
    39% 10 $1,670,000 $167,000 $1,873 2.86%
    41% 8 $1,250,000 $156,250 $1,832 2.80%
    37% 7 $1,295,000 $185,000 $2,380 2.79%
    36% 5 $405,000 $81,000 $1,465 2.85%
    42% 2 $460,000 $230,000 $2,805 2.94%
    49% 2 $1,170,000 $585,000 $6,022 2.62%
    44% 1 $195,000 $195,000 $2,233 2.88%
    48% 1 $55,000 $55,000 $968 2.49%
    >60% 1 $225,000 $225,000 $885 2.75%
    43% 1 $55,000 $55,000 $2,110 2.50%

    Consumer Credit Union lent most frequently to those with DTI ratios of 20-30%, with 116 originations. The next most common DTI ratio? <20%, with 98 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 342 $72,280,000 $211,345 $1,966 2.83%
    Not provided 17 $3,665,000 $215,588 $2,687 2.76%
    Not applicable 14 $2,210,000 $157,857 $0 3.66%
    Asian 4 $830,000 $207,500 $2,444 3.00%
    Black 1 $35,000 $35,000 $1,165 3.13%

    Approval Rates

    Total approvals of all applications
    87.36%

    Consumer Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    Consumer Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 378 $79,020,000 $209,048

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $205,000 $205,000
    Single Family (1-4 Units):Site-Built 377 $78,815,000 $209,058

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $3,565,000 $79,222 $1,290 2.70%
    40-60% 79 $12,705,000 $160,823 $1,994 2.79%
    60-80% 180 $31,340,000 $174,111 $1,981 2.83%
    80-100% 40 $10,650,000 $266,250 $3,112 2.89%
    Under 20% 10 $680,000 $68,000 $1,268 2.58%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Consumer Counseling Centers LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%