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 Cash Out Refi, Refi, and Home Purchase loans. Credit Union Of Georgia has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Brunswick, Tampa, Savannah, and Warner Robins among others. We have data for 16 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. Credit Union Of Georgia 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% | 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
688Origination Dollar Volume (All Markets)
$111,210,000Top 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) | 659 | $103,965,000 | $157,762 | $84 | 3.36% |
| Outside of Metro Areas | 11 | $2,445,000 | $222,273 | $0 | 3.25% |
| BRUNSWICK, GA (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $0 | 2.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 2.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 2.50% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 2.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 2.50% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 2.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 2.88% |
| VALDOSTA, GA (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $225 | 3.69% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.38% |
| OCALA, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.54% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.29% |
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 | 688 | $111,210,000 | $161,642 | $84 | 3.35% |
For 2021, Credit Union Of Georgia's most frequently originated type of loan was Conventional, with 688 originations.
Loan Reason
For 2021, Credit Union Of Georgia's most frequently cited loan purpose was Cash Out Refi, with 172 originations. The 2nd most popular reason was Home Improvement, with 159 originations.
Loan Duration/Length
For 2021, Credit Union Of Georgia's most frequently cited loan duration was 30 Year, with 237 originations. The 2nd most popular length was 15 Year, with 214 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 338 | $22,470,000 | $66,479 |
Credit Union Of Georgia's average total fees were $4,194, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 338 originations.
Interest Rates
During 2021, Credit Union Of Georgia's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 246 originations.
Loan Sizing
2021 saw Credit Union Of Georgia place emphasis on $100,000 or less loans with 280 originations, totaling $13,170,000 in origination value.
Applicant Income
Credit Union Of Georgia lent most frequently to those with incomes in the $100k-150k range, with 184 originations. The second most popular income band? $50k-75k, with 139 originations.
Applicant Debt to Income Ratio
Credit Union Of Georgia lent most frequently to those with DTI ratios of 20-30%, with 206 originations. The next most common DTI ratio? 30-36%, with 137 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.98%
Credit Union Of Georgia has an average approval rate.
Pick Rate
Approvals leading to origination91.13%
Credit Union Of Georgia has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 688 | $111,210,000 | $161,642 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Credit Union Mortgage Association, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |