Credit Union Of Georgia Mortgage Rates, Fees & Info

Woodstock, GA

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 7.10% 4/14/24
30 Year Conventional Purchase 6.27% 4/14/24
30 Year Conventional Refi 6.27% 4/14/24
30 Year Cash-out Refi 6.27% 4/14/24
15 Year Conventional Purchase 7.43% 4/14/24
15 Year Conventional Refi 8.09% 4/14/24
15 Year Cash-out Refi 8.09% 4/14/24
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

688

Origination Dollar Volume (All Markets)

$111,210,000

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) 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%
Credit Union Of Georgia's top markets include Atlanta, Brunswick, Tampa, Savannah, and Warner Robins among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • 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.

    Emory Alliance Credit Union
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 172 $42,830,000 $249,012 $4,194 2.93%
    Home Improvement 159 $9,535,000 $59,969 $69 3.57%
    Refi 135 $24,885,000 $184,333 $93 3.08%
    Other 128 $8,330,000 $65,078 $66 4.15%
    Home Purchase 94 $25,630,000 $272,660 $88 3.03%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 237 $65,195,000 $275,084 $4,194 3.03%
    15 Year 214 $25,710,000 $120,140 $81 3.80%
    10 Year 122 $9,480,000 $77,705 $66 3.58%
    5 Year 76 $3,110,000 $40,921 $60 3.00%
    20 Year 34 $7,050,000 $207,353 $0 2.75%
    Other 5 $665,000 $133,000 $93 2.87%

    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

    Loan Rate Originations Total Value Average Loan
    2.5-3% 246 $52,580,000 $213,740
    3-4% 223 $30,615,000 $137,287
    4-5% 104 $8,730,000 $83,942
    <2.5% 76 $17,030,000 $224,079
    5-6% 23 $1,285,000 $55,870
    6-7% 8 $590,000 $73,750
    7-8% 7 $355,000 $50,714
    Over 8% 1 $25,000 $25,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 280 $13,170,000 $47,036 $58 3.81%
    $200k-400k 186 $50,470,000 $271,344 $640 2.96%
    $100k-200k 182 $27,510,000 $151,154 $103 3.13%
    $400k-600k 35 $16,465,000 $470,429 $0 2.90%
    $600k-1MM 5 $3,595,000 $719,000 $0 3.40%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 184 $28,930,000 $157,228 $56 3.38%
    $50k-75k 139 $18,655,000 $134,209 $114 3.40%
    $75k-100k 136 $21,220,000 $156,029 $74 3.32%
    $150k-250k 132 $27,160,000 $205,758 $87 3.34%
    $50k or less 75 $8,475,000 $113,000 $100 3.20%
    $250k+ 21 $6,685,000 $318,333 $171 3.38%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 206 $33,480,000 $162,524 $86 3.31%
    30-36% 137 $22,165,000 $161,788 $52 3.37%
    <20% 112 $16,330,000 $145,804 $99 3.19%
    38% 25 $3,395,000 $135,800 $49 3.68%
    43% 21 $3,595,000 $171,190 $59 3.27%
    45% 21 $4,335,000 $206,429 $0 3.11%
    40% 21 $4,245,000 $202,143 $0 3.40%
    44% 21 $4,045,000 $192,619 $61 3.66%
    36% 18 $2,350,000 $130,556 $44 3.65%
    37% 17 $3,485,000 $205,000 $157 3.22%
    42% 16 $2,590,000 $161,875 $66 3.58%
    50-60% 15 $965,000 $64,333 $43 3.87%
    41% 14 $3,070,000 $219,286 $2,272 3.22%
    39% 13 $2,015,000 $155,000 $0 3.29%
    46% 11 $2,265,000 $205,909 $58 3.34%
    48% 7 $1,035,000 $147,857 $0 3.47%
    49% 7 $1,105,000 $157,857 $0 3.17%
    47% 5 $725,000 $145,000 $259 3.51%
    >60% 1 $15,000 $15,000 $0 3.29%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 546 $93,130,000 $170,568 $70 3.28%
    Black 73 $11,295,000 $154,726 $195 3.50%
    Not provided 54 $3,970,000 $73,519 $63 3.92%
    Asian 10 $1,960,000 $196,000 $0 2.97%
    American Indian 3 $575,000 $191,667 $175 2.93%
    Asian Indian 2 $280,000 $140,000 $350 3.71%

    Approval Rates

    Total approvals of all applications
    91.98%

    Credit Union Of Georgia has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.13%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    688 $111,210,000 $161,642

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 102 $11,870,000 $116,373 $101 3.56%
    40-60% 115 $21,575,000 $187,609 $85 2.95%
    60-80% 167 $46,115,000 $276,138 $583 3.00%
    80-100% 70 $21,310,000 $304,429 $915 3.02%
    Under 20% 234 $10,340,000 $44,188 $55 3.80%

    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%