Consumer Credit Union Mortgage Rates, Fees & Info
Greeneville, TNLEI: 549300R14I3DX6ZMWL07
Tax ID: 62-0962107
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
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: Johnson City, Morristown, Greeneville, Knoxville, and Kingsport among others. We have data for 10 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% | 11/21/24 |
| 30 Year Conventional Refi | 6.40% | 11/21/24 |
| 30 Year Cash-out Refi | 6.29% | 11/21/24 |
| 15 Year Conventional Purchase | 5.73% | 11/21/24 |
| 15 Year Conventional Refi | 6.01% | 11/21/24 |
| 15 Year Cash-out Refi | 6.01% | 11/21/24 |
| 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
454Origination Dollar Volume (All Markets)
$115,470,000Awards
CONSUMER Credit Union - 2022
CONSUMER Credit Union is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for CONSUMER Credit Union?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| JOHNSON CITY, TN (FHA|USDA|VA) | 67 | $31,045,000 | $463,358 | $4,390 | 4.42% |
| MORRISTOWN, TN (FHA|USDA|VA) | 132 | $30,460,000 | $230,758 | $2,915 | 3.67% |
| Greeneville, TN (FHA|USDA|VA) | 115 | $18,695,000 | $162,565 | $2,432 | 4.11% |
| KNOXVILLE, TN (FHA|USDA|VA) | 55 | $15,535,000 | $282,455 | $3,848 | 4.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 54 | $10,750,000 | $199,074 | $2,367 | 4.20% |
| Sevierville, TN (FHA|USDA|VA) | 13 | $3,945,000 | $303,462 | $3,975 | 3.62% |
| Outside of Metro Areas | 7 | $2,605,000 | $372,143 | $4,066 | 4.36% |
| Newport, TN (FHA|USDA|VA) | 7 | $1,705,000 | $243,571 | $2,772 | 4.45% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,973 | 3.29% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,962 | 3.31% |
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.
Similarity Rank: 27
Similarity Rank: 170
Similarity Rank: 290
Similarity Rank: 429
Similarity Rank: 440
Similarity Rank: 630
Similarity Rank: 896
Similarity Rank: 1394
Similarity Rank: 1435
Similarity Rank: 1530
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 433 | $113,705,000 | $262,598 | $3,086 | 3.90% |
| HELOC | 21 | $1,765,000 | $84,048 | n/a | 6.36% |
For 2022, Consumer Credit Union's most frequently originated type of loan was Conventional, with 433 originations. Their 2nd most popular type was HELOC, with 21 originations.
Loan Reason
For 2022, Consumer Credit Union's most frequently cited loan purpose was Cash Out Refi, with 178 originations. The 2nd most popular reason was Home Purchase, with 119 originations.
Loan Duration/Length
For 2022, Consumer Credit Union's most frequently cited loan duration was 30 Year, with 222 originations. The 2nd most popular length was Other, with 114 originations.
Origination Fees/Closing Costs
Consumer Credit Union's average total fees were $3,441, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 158 originations.
Interest Rates
During 2022, Consumer Credit Union's average interest rate for loans was 3.63%, while their most frequently originated rate bucket for loans was 3-4%, with 183 originations.
Loan Sizing
2022 saw Consumer Credit Union place emphasis on $100k-200k loans with 152 originations, totaling $22,130,000 in origination value.
Applicant Income
Consumer Credit Union lent most frequently to those with incomes in the $50k or less range, with 73 originations. The second most popular income band? $50k-75k, with 71 originations.
Applicant Debt to Income Ratio
Consumer Credit Union lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.65%
Consumer Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination82.16%
Consumer Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1131.1 | 1 | $35,000 | $35,000 |
| 1152.95 | 1 | $25,000 | $25,000 |
| 1163.2 | 1 | $55,000 | $55,000 |
| 1187.95 | 1 | $45,000 | $45,000 |
| 1188.2 | 1 | $255,000 | $255,000 |
| 1227.95 | 2 | $200,000 | $100,000 |
| 1243.45 | 1 | $105,000 | $105,000 |
| 1262.95 | 1 | $75,000 | $75,000 |
| 1288.2 | 3 | $325,000 | $108,333 |
| 700.3 | 1 | $105,000 | $105,000 |
| 713.2 | 1 | $35,000 | $35,000 |
| 750.3 | 1 | $85,000 | $85,000 |
| 753.2 | 2 | $140,000 | $70,000 |
| 756.1 | 1 | $45,000 | $45,000 |
| 785.3 | 1 | $35,000 | $35,000 |
| 874.0 | 1 | $95,000 | $95,000 |
| 962.95 | 1 | $105,000 | $105,000 |
| NA | 433 | $113,705,000 | $262,598 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CMG MORTGAGE, INC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| CMG MORTGAGE, INC | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |