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 Purchase and Refi loans. Emory Alliance Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Gainesville, Athens, Savannah, and Valdosta among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Emory Alliance Credit Union 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. 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

    124

    Origination Dollar Volume (All Markets)

    $20,290,000

    Awards

    Emory Alliance Credit Union 30 Year Conventional Loans bronze Emory Alliance Credit Union 30 Year Conventional Loans silver Emory Alliance Credit Union 30 Year Conventional Loans gold
    Show all (3) awards

    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) 115 $18,735,000 $162,913 $2,802 5.30%
    Outside of Metro Areas 5 $495,000 $99,000 $3,067 5.63%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $335,000 $335,000 $3,304 3.63%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $325,000 $325,000 $3,422 4.00%
    SAVANNAH, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,556 3.38%
    VALDOSTA, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,280 4.25%
    Emory Alliance Credit Union's top markets include Atlanta, Gainesville, Athens, Savannah, and Valdosta 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.

    Emory Alliance Credit Union
    Similarity Rank: 516
    LGE COMMUNITY
    Similarity Rank: 1503
    FLAT BRANCH MORTGAGE, INC.
    Similarity Rank: 3174
    Colony Bank
    Similarity Rank: 3220
    Capital City Bank
    Similarity Rank: 3344
    Aurora Financial, LLC
    Similarity Rank: 3869
    ROBINS FINANCIAL
    Similarity Rank: 3894
    IVY MORTGAGE, INC.
    Similarity Rank: 4212
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 4576
    RBC Bank, (Georgia)
    Similarity Rank: 4710

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $17,730,000 $211,071 $2,837 4.58%
    HELOC 40 $2,560,000 $64,000 n/a 6.94%

    For 2019, Emory Alliance Credit Union's most frequently originated type of loan was Conventional, with 84 originations. Their 2nd most popular type was HELOC, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 37 $2,255,000 $60,946 $1,051 7.43%
    Home Purchase 30 $8,540,000 $284,667 $3,386 3.90%
    Home Improvement 21 $935,000 $44,524 $1,062 7.00%
    Refi 18 $4,630,000 $257,222 $3,170 3.67%
    Cash Out Refi 18 $3,930,000 $218,333 $3,270 3.76%

    For 2019, Emory Alliance Credit Union's most frequently cited loan purpose was Other, with 37 originations. The 2nd most popular reason was Home Purchase, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 52 $5,190,000 $99,808 $2,913 6.21%
    30 Year 49 $13,505,000 $275,612 $3,372 3.86%
    10 Year 12 $710,000 $59,167 $1,461 6.99%
    5 Year 7 $185,000 $26,429 $1,065 7.83%
    20 Year 4 $700,000 $175,000 $2,941 3.56%

    For 2019, Emory Alliance Credit Union's most frequently cited loan duration was 15 Year, with 52 originations. The 2nd most popular length was 30 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 55 $14,655,000 $266,455
    $1k-2k 6 $1,110,000 $185,000
    $2k-3k 2 $680,000 $340,000
    $3k-4k 1 $285,000 $285,000
    $4k-5k 1 $355,000 $355,000

    Emory Alliance Credit Union's average total fees were $3,372, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 55 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 51 $13,035,000 $255,588
    7-8% 17 $975,000 $57,353
    6-7% 16 $1,050,000 $65,625
    4-5% 12 $3,320,000 $276,667
    Over 8% 12 $460,000 $38,333
    5-6% 4 $350,000 $87,500
    2.5-3% 2 $630,000 $315,000

    During 2019, Emory Alliance Credit Union's average interest rate for loans was 3.86%, while their most frequently originated rate bucket for loans was 3-4%, with 51 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 55 $2,585,000 $47,000 $1,291 7.16%
    $200k-400k 35 $9,805,000 $280,143 $3,419 3.90%
    $100k-200k 26 $3,660,000 $140,769 $3,025 4.31%
    $400k-600k 6 $2,710,000 $451,667 $3,789 3.50%
    $600k-1MM 2 $1,530,000 $765,000 $4,428 4.06%

    2019 saw Emory Alliance Credit Union place emphasis on $100,000 or less loans with 55 originations, totaling $2,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 43 $4,435,000 $103,140 $2,350 6.02%
    $50k or less 30 $1,600,000 $53,333 $1,433 6.98%
    $100k-150k 20 $5,210,000 $260,500 $3,579 3.69%
    $150k-250k 14 $4,550,000 $325,000 $3,526 3.70%
    $75k-100k 12 $2,080,000 $173,333 $2,986 4.22%
    $250k+ 5 $2,415,000 $483,000 $3,644 3.93%

    Emory Alliance Credit Union lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $50k or less, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 40 $7,540,000 $188,500 $2,816 5.05%
    <20% 18 $3,410,000 $189,444 $3,422 4.55%
    30-36% 15 $2,055,000 $137,000 $3,097 5.84%
    43% 6 $960,000 $160,000 $2,945 5.50%
    36% 5 $1,025,000 $205,000 $2,536 4.18%
    38% 5 $285,000 $57,000 $1,133 7.58%
    44% 4 $710,000 $177,500 $2,967 3.75%
    45% 2 $650,000 $325,000 $3,448 3.88%
    48% 2 $460,000 $230,000 $3,232 3.81%
    49% 2 $540,000 $270,000 $3,315 4.50%
    37% 2 $590,000 $295,000 $3,977 5.13%
    39% 2 $80,000 $40,000 $0 7.50%
    40% 2 $300,000 $150,000 $2,977 4.94%
    >60% 1 $235,000 $235,000 $3,556 3.38%
    41% 1 $145,000 $145,000 $2,794 3.63%
    42% 1 $435,000 $435,000 $4,591 3.75%
    47% 1 $105,000 $105,000 $0 6.50%

    Emory Alliance Credit Union lent most frequently to those with DTI ratios of 20-30%, with 40 originations. The next most common DTI ratio? <20%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 50 $9,400,000 $188,000 $3,055 4.33%
    White 47 $6,455,000 $137,340 $2,496 5.98%
    Black 23 $3,615,000 $157,174 $2,747 5.74%
    Asian 4 $820,000 $205,000 $2,967 5.71%

    Approval Rates

    Total approvals of all applications
    78.31%

    Emory Alliance Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.68%

    Emory Alliance Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 124 $20,290,000 $163,629

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 124 $20,290,000 $163,629

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $1,385,000 $72,895 $1,751 6.59%
    40-60% 13 $2,025,000 $155,769 $3,266 3.84%
    60-80% 27 $7,315,000 $270,926 $3,443 3.79%
    80-100% 26 $7,770,000 $298,846 $3,291 3.97%
    Under 20% 39 $1,795,000 $46,026 $1,046 7.36%