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 Purchase and Cash Out Refi loans. Credit Union Of Georgia has a high proportion of conventional loans. Credit Union Of Georgia has an average 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: Atlanta, Crestview, Harrisonburg, Port St. Lucie, and Seneca among others. We have data for 14 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.
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% | 12/4/24 |
| 30 Year Conventional Purchase | 6.27% | 12/4/24 |
| 30 Year Conventional Refi | 6.27% | 12/4/24 |
| 30 Year Cash-out Refi | 6.27% | 12/4/24 |
| 15 Year Conventional Purchase | 7.43% | 12/4/24 |
| 15 Year Conventional Refi | 8.09% | 12/4/24 |
| 15 Year Cash-out Refi | 8.09% | 12/4/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
307Origination Dollar Volume (All Markets)
$51,085,000Top 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) | 285 | $46,505,000 | $163,175 | $186 | 5.78% |
| Outside of Metro Areas | 10 | $1,410,000 | $141,000 | $175 | 6.04% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $350 | 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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 180 | $45,170,000 | $250,944 | $0 | 0.00% |
| Conventional | 125 | $5,335,000 | $42,680 | $187 | 5.79% |
| FHA | 2 | $580,000 | $290,000 | $0 | 0.00% |
For 2019, Credit Union Of Georgia's most frequently originated type of loan was Conventional, with 180 originations. Their 2nd most popular type was Conventional, with 125 originations.
Loan Reason
For 2019, Credit Union Of Georgia's most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Cash Out Refi, with 75 originations.
Loan Duration/Length
For 2019, Credit Union Of Georgia's most frequently cited loan duration was Other, with 183 originations. The 2nd most popular length was 15 Year, with 47 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 123 | $5,295,000 | $43,049 |
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 123 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 56 | $2,680,000 | $47,857 |
| 4-5% | 30 | $1,150,000 | $38,333 |
| 6-7% | 27 | $1,025,000 | $37,963 |
| 7-8% | 12 | $480,000 | $40,000 |
During 2019, Credit Union Of Georgia's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 56 originations.
Loan Sizing
2019 saw Credit Union Of Georgia place emphasis on $100,000 or less loans with 128 originations, totaling $5,500,000 in origination value.
Applicant Income
Credit Union Of Georgia lent most frequently to those with incomes in the $100k-150k range, with 93 originations. The second most popular income band? $150k-250k, with 59 originations.
Applicant Debt to Income Ratio
Credit Union Of Georgia lent most frequently to those with DTI ratios of Exempt%, with 182 originations. The next most common DTI ratio? 20-30%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.94%
Credit Union Of Georgia has a below average approval rate.
Pick Rate
Approvals leading to origination81.76%
Credit Union Of Georgia has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 182 | $45,750,000 | $251,374 |
| NA | 125 | $5,335,000 | $42,680 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 307 | $51,085,000 | $166,401 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Credit Plus Inc | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 66.7% |
| Credit Plus Inc | Conventional home mortgage | Improper use of your report | 1 | 33.3% |