Credit Union Of Georgia Mortgage Rates, Fees & Info
Woodstock, GALEI: 549300STHIK6SGJQIY70
Tax ID: 58-6034116
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Mortgage Data
Review & Overview
Credit Union Of Georgia is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Credit Union Of Georgia has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Tampa, Alexander City, Valdosta, and Palm Bay 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 Georgia has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. 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% | 3/24/23 |
| 30 Year Conventional Purchase | 6.27% | 3/24/23 |
| 30 Year Conventional Refi | 6.27% | 3/24/23 |
| 30 Year Cash-out Refi | 6.27% | 3/24/23 |
| 15 Year Conventional Purchase | 7.43% | 3/24/23 |
| 15 Year Conventional Refi | 8.09% | 3/24/23 |
| 15 Year Cash-out Refi | 8.09% | 3/24/23 |
| 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. | ||
Originations
1,156Origination Dollar Volume (All Markets)
$138,680,000Relative Rate
Credit Union Of Georgia's average 30 year fixed mortgage rate was
4.89%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.13%.
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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1,100 | $129,910,000 | $118,100 | $134 | 5.48% |
| Outside of Metro Areas | 30 | $3,290,000 | $109,667 | $136 | 6.17% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 5.94% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 4.25% |
| VALDOSTA, GA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 6.83% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 4.99% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 6.63% |
| Cedartown, GA (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 4.81% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 5.50% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 5.88% |
| Milledgeville, GA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $465 | 3.52% |
| DALTON, GA (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $258 | 5.71% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.75% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.63% |
| ROME, GA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 4.50% |
| ALBANY, GA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 3.97% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.74% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against CREDIT UNION OF GEORGIA 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 |
|---|---|---|---|---|---|
| Conventional | 835 | $105,675,000 | $126,557 | $134 | 5.56% |
| HELOC | 321 | $33,005,000 | $102,819 | n/a | 5.30% |
For 2022, Credit Union Of Georgia's most frequently originated type of loan was Conventional, with 835 originations. Their 2nd most popular type was HELOC, with 321 originations.
Loan Reason
For 2022, Credit Union Of Georgia's most frequently cited loan purpose was Home Improvement, with 455 originations. The 2nd most popular reason was Other, with 415 originations.
Loan Duration/Length
For 2022, Credit Union Of Georgia's most frequently cited loan duration was 15 Year, with 355 originations. The 2nd most popular length was 20 Year, with 327 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 669 | $49,185,000 | $73,520 |
Credit Union Of Georgia's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 669 originations.
Interest Rates
During 2022, Credit Union Of Georgia's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 4-5%, with 270 originations.
Loan Sizing
2022 saw Credit Union Of Georgia place emphasis on $100,000 or less loans with 736 originations, totaling $38,370,000 in origination value.
Applicant Income
Credit Union Of Georgia lent most frequently to those with incomes in the $100k-150k range, with 329 originations. The second most popular income band? $150k-250k, with 272 originations.
Applicant Debt to Income Ratio
Credit Union Of Georgia lent most frequently to those with DTI ratios of 20-30%, with 323 originations. The next most common DTI ratio? 30-36%, with 192 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.22%
Credit Union Of Georgia has an average approval rate.
Pick Rate
Approvals leading to origination92.30%
Credit Union Of Georgia has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,156 | $138,680,000 | $119,965 |