Emory Alliance Credit Union Mortgage Rates, Fees & Info

Decatur, GA

LEI: 549300U620B2MZKUUZ24

Tax ID: 23-7089505

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Emory Alliance Credit Union is a smaller credit union specializing in Home Improvement loans. Emory Alliance Credit Union has a high proportion of conventional loans. Their top two markets are Atlanta and Gainesville .

    Emory Alliance Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Emory Alliance Credit Union 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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    Originations

    76

    Origination Dollar Volume (All Markets)

    $8,500,000

    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) 74 $8,280,000 $111,892 $1,551 5.28%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $115,000 $115,000 $3,834 4.00%
    Outside of Metro Areas 1 $105,000 $105,000 $0 5.75%
    Emory Alliance Credit Union's top markets include Atlanta and Gainesville among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Emory Alliance Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First National Bank of Griffin
    Similarity Rank: 592
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    Hamilton State Bank
    Similarity Rank: 1194
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1495
    LGE COMMUNITY
    Similarity Rank: 1960
    Victory Community Bank
    Similarity Rank: 2030
    CREDIT UNION OF GEORGIA
    Similarity Rank: 2366
    East West Bank
    Similarity Rank: 3192
    CharterBank
    Similarity Rank: 3374
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 3450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 39 $3,145,000 $80,641 n/a 5.10%
    Conventional 37 $5,355,000 $144,730 $1,615 5.45%

    For 2018, Emory Alliance Credit Union's most frequently originated type of loan was HELOC, with 39 originations. Their 2nd most popular type was Conventional, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 43 $4,525,000 $105,233 $1,121 5.59%
    Other 23 $1,435,000 $62,391 $1,123 4.87%
    Cash Out Refi 6 $1,490,000 $248,333 $2,906 4.10%
    Home Purchase 3 $845,000 $281,667 $3,273 6.54%
    Refi 1 $205,000 $205,000 $1,709 4.38%

    For 2018, Emory Alliance Credit Union's most frequently cited loan purpose was Home Improvement, with 43 originations. The 2nd most popular reason was Other, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 38 $3,340,000 $87,895 $1,888 5.10%
    Other 15 $1,015,000 $67,667 $1,055 5.20%
    10 Year 9 $625,000 $69,444 $1,282 6.74%
    5 Year 9 $1,735,000 $192,778 $1,066 5.00%
    30 Year 3 $1,215,000 $405,000 $3,768 4.46%
    20 Year 2 $570,000 $285,000 $2,239 5.00%

    For 2018, Emory Alliance Credit Union's most frequently cited loan duration was 15 Year, with 38 originations. The 2nd most popular length was Other, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 6 $1,700,000 $283,333
    $1k-2k 1 $115,000 $115,000
    $3k-4k 1 $495,000 $495,000

    Emory Alliance Credit Union's average total fees were $3,768, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 21 $1,465,000 $69,762
    2.5-3% 17 $1,825,000 $107,353
    4-5% 15 $3,415,000 $227,667
    6-7% 9 $475,000 $52,778
    7-8% 6 $270,000 $45,000
    3-4% 4 $880,000 $220,000
    Over 8% 4 $170,000 $42,500

    During 2018, Emory Alliance Credit Union's average interest rate for loans was 4.46%, while their most frequently originated rate bucket for loans was 5-6%, with 21 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 53 $2,445,000 $46,132 $1,088 5.81%
    $100k-200k 12 $1,410,000 $117,500 $2,458 3.98%
    $200k-400k 8 $2,130,000 $266,250 $2,293 3.90%
    $400k-600k 2 $1,010,000 $505,000 $4,798 4.50%
    $1MM+ 1 $1,505,000 $1,505,000 $1,125 4.50%

    2018 saw Emory Alliance Credit Union place emphasis on $100,000 or less loans with 53 originations, totaling $2,445,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 24 $2,310,000 $96,250 $1,771 5.31%
    $150k-250k 17 $1,255,000 $73,824 $1,353 5.42%
    $50k-75k 10 $530,000 $53,000 $1,653 6.15%
    $75k-100k 10 $2,320,000 $232,000 $1,590 4.33%
    $250k+ 9 $1,805,000 $200,556 $2,590 3.80%
    $50k or less 6 $280,000 $46,667 $1,100 7.00%

    Emory Alliance Credit Union lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $150k-250k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 23 $2,245,000 $97,609 $1,779 5.36%
    30-36% 14 $640,000 $45,714 $1,104 6.07%
    <20% 12 $2,620,000 $218,333 $1,428 4.64%
    40% 5 $565,000 $113,000 $1,141 4.70%
    38% 3 $165,000 $55,000 $1,088 4.50%
    42% 3 $155,000 $51,667 $1,167 6.16%
    41% 2 $620,000 $310,000 $3,451 5.13%
    43% 2 $410,000 $205,000 $2,624 5.19%
    39% 2 $80,000 $40,000 $0 5.50%
    37% 1 $495,000 $495,000 $6,145 4.50%
    >60% 1 $25,000 $25,000 $0 2.99%
    44% 1 $85,000 $85,000 $0 6.25%

    Emory Alliance Credit Union lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 42 $6,210,000 $147,857 $1,996 5.23%
    Black 20 $940,000 $47,000 $1,100 6.04%
    Not provided 10 $740,000 $74,000 $1,099 4.42%
    Asian 3 $405,000 $135,000 $0 3.91%
    Other Asian 1 $205,000 $205,000 $1,709 4.38%

    Approval Rates

    Total approvals of all applications
    90.43%

    Emory Alliance Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.26%

    Emory Alliance Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 76 $8,500,000 $111,842

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 76 $8,500,000 $111,842

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $1,630,000 $90,556 $1,651 5.45%
    40-60% 2 $220,000 $110,000 $0 5.50%
    60-80% 7 $2,215,000 $316,429 $3,423 4.09%
    80-100% 1 $325,000 $325,000 $2,624 3.63%
    Under 20% 48 $4,110,000 $85,625 $1,113 5.40%