Credit Union Of Georgia Mortgage Rates, Fees & Info
Woodstock, GALEI: 549300STHIK6SGJQIY70
Tax ID: 58-6034116
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Credit Union Of Georgia is a smaller credit union specializing in Other, Home Improvement, and Home Purchase loans. Credit Union Of Georgia has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Miami, Pensacola, Savannah, and Crestview 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 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 Georgia is typically a high 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 relatively high 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.10% | 12/2/24 |
| 30 Year Conventional Purchase | 6.27% | 12/2/24 |
| 30 Year Conventional Refi | 6.27% | 12/2/24 |
| 30 Year Cash-out Refi | 6.27% | 12/2/24 |
| 15 Year Conventional Purchase | 7.43% | 12/2/24 |
| 15 Year Conventional Refi | 8.09% | 12/2/24 |
| 15 Year Cash-out Refi | 8.09% | 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. | ||
Credit Union Of Georgia Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Credit Union Of Georgia. 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
942Origination Dollar Volume (All Markets)
$99,610,000Relative Rate
Credit Union Of Georgia's average 30 year fixed mortgage rate was
6.52%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.04%.
Relative Fees (Closing Costs)
Credit Union Of Georgia's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,872.
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 $9,089.
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) | 913 | $94,105,000 | $103,072 | $63 | 8.43% |
| Outside of Metro Areas | 7 | $1,405,000 | $200,714 | $0 | 7.28% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 5.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 6.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 7.44% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 6.63% |
| Calhoun, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 7.31% |
| BRUNSWICK, GA (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 8.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 5.99% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 10.69% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.88% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 8.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.25% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.74% |
| DALTON, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.25% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.74% |
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.
Similarity Rank: 546
Similarity Rank: 900
Similarity Rank: 925
Similarity Rank: 1076
Similarity Rank: 1320
Similarity Rank: 1608
Similarity Rank: 1656
Similarity Rank: 1700
Similarity Rank: 2847
Similarity Rank: 2904
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 593 | $68,325,000 | $115,219 | $62 | 8.28% |
| HELOC | 349 | $31,285,000 | $89,642 | n/a | 8.61% |
For 2023, Credit Union Of Georgia's most frequently originated type of loan was Conventional, with 593 originations. Their 2nd most popular type was HELOC, with 349 originations.
Loan Reason
For 2023, Credit Union Of Georgia's most frequently cited loan purpose was Other, with 393 originations. The 2nd most popular reason was Home Improvement, with 339 originations.
Loan Duration/Length
For 2023, Credit Union Of Georgia's most frequently cited loan duration was 20 Year, with 349 originations. The 2nd most popular length was 15 Year, with 209 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 481 | $29,945,000 | $62,256 |
| $5k+ | 2 | $450,000 | $225,000 |
| $4k-5k | 1 | $285,000 | $285,000 |
Credit Union Of Georgia's average total fees were $8,872, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 481 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 481 | $36,805,000 | $76,518 |
| 6-7% | 197 | $33,995,000 | $172,563 |
| 7-8% | 184 | $17,510,000 | $95,163 |
| 5-6% | 79 | $11,215,000 | $141,962 |
| 4-5% | 1 | $85,000 | $85,000 |
During 2023, Credit Union Of Georgia's average interest rate for loans was 6.52%, while their most frequently originated rate bucket for loans was Over 8%, with 481 originations.
Loan Sizing
2023 saw Credit Union Of Georgia place emphasis on $100,000 or less loans with 644 originations, totaling $31,720,000 in origination value.
Applicant Income
Credit Union Of Georgia lent most frequently to those with incomes in the $100k-150k range, with 288 originations. The second most popular income band? $150k-250k, with 249 originations.
Applicant Debt to Income Ratio
Credit Union Of Georgia lent most frequently to those with DTI ratios of 20-30%, with 242 originations. The next most common DTI ratio? 30-36%, with 180 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.55%
Credit Union Of Georgia has an average approval rate.
Pick Rate
Approvals leading to origination87.47%
Credit Union Of Georgia has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 942 | $99,610,000 | $105,743 |