Credit Union Of America Mortgage Rates, Fees & Info
Wichita, KSLEI: 549300RRQHIHHM9I4K21
Tax ID: 48-0477295
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Mortgage Data
Review & Overview
Credit Union Of America is a smaller credit union specializing in Home Purchase loans. Credit Union Of America has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Wichita, Great Bend, Hutchinson, Salina, and Winfield among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Credit Union Of America 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. Credit Union Of America 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.10% | 5/10/25 |
| 30 Year Conventional Purchase | 6.63% | 5/10/25 |
| 30 Year Conventional Refi | 6.57% | 5/10/25 |
| 30 Year Cash-out Refi | 7.55% | 5/10/25 |
| 30 Year FHA Purchase | 7.21% | 5/10/25 |
| 30 Year FHA Refi | 6.72% | 5/10/25 |
| 30 Year VA Purchase | 7.68% | 5/10/25 |
| 30 Year VA Refi | 6.72% | 5/10/25 |
| 30 Year USDA Purchase | 9.89% | 5/10/25 |
| 30 Year USDA Refi | 6.72% | 5/10/25 |
| 15 Year Conventional Purchase | 6.59% | 5/10/25 |
| 15 Year Conventional Refi | 6.54% | 5/10/25 |
| 15 Year Cash-out Refi | 6.54% | 5/10/25 |
| 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. | ||
Credit Union Of America Mortgage Calculator
Your Estimates
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This is not an official calculator from Credit Union Of America. 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
1,001Origination Dollar Volume (All Markets)
$107,065,000Awards
CREDIT UNION OF AMERICA - 2024
CREDIT UNION OF AMERICA is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Credit Union Of America's average 30 year fixed mortgage rate was
6.12%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.43%.
Relative Fees (Closing Costs)
Credit Union Of America's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,564.
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 $8,356.
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 |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 804 | $91,450,000 | $113,744 | $5,376 | 7.92% |
| Outside of Metro Areas | 59 | $4,795,000 | $81,271 | $3,668 | 7.89% |
| Great Bend, KS (FHA|USDA|VA) | 62 | $3,670,000 | $59,194 | $4,665 | 8.27% |
| Hutchinson, KS (FHA|USDA|VA) | 35 | $2,825,000 | $80,714 | $3,492 | 7.82% |
| Salina, KS (FHA|USDA|VA) | 10 | $790,000 | $79,000 | $5,202 | 8.00% |
| Winfield, KS (FHA|USDA|VA) | 6 | $660,000 | $110,000 | $2,438 | 7.92% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 7 | $465,000 | $66,429 | $0 | 9.07% |
| Ardmore, OK (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,942 | 5.75% |
| McPherson, KS (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $4,951 | 8.09% |
| MANHATTAN, KS (FHA|USDA|VA) | 5 | $335,000 | $67,000 | $3,900 | 8.13% |
| Woodward, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,769 | 7.63% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,243 | 6.13% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,327 | 8.13% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,062 | 6.63% |
| TULSA, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,764 | 5.50% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.13% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,004 | 5.63% |
| Hays, KS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against CREDIT UNION OF AMERICA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 673 | $34,295,000 | $50,958 | n/a | 8.80% |
| Conventional | 324 | $72,080,000 | $222,469 | $5,109 | 6.18% |
| FHA | 4 | $690,000 | $172,500 | $5,716 | 5.91% |
For 2024, Credit Union Of America's most frequently originated type of loan was HELOC, with 673 originations. Their 2nd most popular type was Conventional, with 324 originations.
Loan Reason
For 2024, Credit Union Of America's most frequently cited loan purpose was Home Purchase, with 296 originations. The 2nd most popular reason was Home Improvement, with 290 originations.
Loan Duration/Length
For 2024, Credit Union Of America's most frequently cited loan duration was Other, with 674 originations. The 2nd most popular length was 30 Year, with 272 originations.
Origination Fees/Closing Costs
Credit Union Of America's average total fees were $5,564, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 112 originations.
Interest Rates
During 2024, Credit Union Of America's average interest rate for loans was 6.12%, while their most frequently originated rate bucket for loans was Over 8%, with 639 originations.
Loan Sizing
2024 saw Credit Union Of America place emphasis on $100,000 or less loans with 673 originations, totaling $30,855,000 in origination value.
Applicant Income
Credit Union Of America lent most frequently to those with incomes in the $100k-150k range, with 285 originations. The second most popular income band? $50k-75k, with 206 originations.
Applicant Debt to Income Ratio
Credit Union Of America lent most frequently to those with DTI ratios of 20-30%, with 255 originations. The next most common DTI ratio? 30-36%, with 200 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.11%
Credit Union Of America has a below average approval rate.
Pick Rate
Approvals leading to origination65.83%
Credit Union Of America 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 |
|---|---|---|---|
| 170.0 | 1 | $15,000 | $15,000 |
| NA | 1,000 | $107,050,000 | $107,050 |