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 Refi, Cash Out Refi, and Home Purchase loans. Emory Alliance Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Jefferson, Hilton Head Island, and Gainesville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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

    222

    Origination Dollar Volume (All Markets)

    $47,410,000

    Awards

    Emory Alliance Credit Union 30 Year Conventional Loans bronze
    Show all (1) 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) 214 $45,490,000 $212,570 $2,915 3.79%
    Outside of Metro Areas 3 $1,125,000 $375,000 $3,263 3.04%
    Jefferson, GA (FHA|USDA|VA) 3 $525,000 $175,000 $3,105 4.25%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $255,000 $255,000 $2,328 2.25%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Emory Alliance Credit Union's top markets include Atlanta, Jefferson, Hilton Head Island, and Gainesville among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (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: 855
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 932
    Credence Funding Corporation
    Similarity Rank: 1560
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 1792
    COCA-COLA
    Similarity Rank: 2496
    Kwik Mortgage Corporation
    Similarity Rank: 3026
    Queensborough National Bank & Trust Company
    Similarity Rank: 3266
    LOANSNAP, INC.
    Similarity Rank: 3318
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 3348
    Opendoor Home Loans LLC
    Similarity Rank: 3616

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 170 $43,540,000 $256,118 $2,920 3.39%
    HELOC 52 $3,870,000 $74,423 n/a 5.10%

    For 2020, Emory Alliance Credit Union's most frequently originated type of loan was Conventional, with 170 originations. Their 2nd most popular type was HELOC, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 60 $4,060,000 $67,667 $1,094 5.60%
    Refi 57 $15,675,000 $275,000 $2,917 2.89%
    Cash Out Refi 54 $12,580,000 $232,963 $2,926 3.07%
    Home Purchase 48 $14,700,000 $306,250 $3,386 3.32%
    Home Improvement 3 $395,000 $131,667 $0 5.25%

    For 2020, Emory Alliance Credit Union's most frequently cited loan purpose was Other, with 60 originations. The 2nd most popular reason was Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 96 $29,690,000 $309,271 $3,204 3.17%
    15 Year 94 $12,360,000 $131,489 $2,684 4.30%
    10 Year 16 $2,080,000 $130,000 $2,061 4.30%
    20 Year 11 $3,065,000 $278,636 $2,888 3.00%
    5 Year 3 $115,000 $38,333 $1,100 6.33%
    Other 2 $100,000 $50,000 $0 4.75%

    For 2020, Emory Alliance Credit Union's most frequently cited loan duration was 30 Year, with 96 originations. The 2nd most popular length was 15 Year, with 94 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 144 $40,970,000 $284,514
    $1k-2k 10 $1,520,000 $152,000
    $3k-4k 1 $275,000 $275,000

    Emory Alliance Credit Union's average total fees were $3,204, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 144 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 66 $19,160,000 $290,303
    2.5-3% 63 $17,775,000 $282,143
    4-5% 30 $2,770,000 $92,333
    5-6% 23 $1,575,000 $68,478
    <2.5% 22 $5,290,000 $240,455
    6-7% 8 $490,000 $61,250
    7-8% 4 $140,000 $35,000
    Over 8% 4 $140,000 $35,000

    During 2020, Emory Alliance Credit Union's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 3-4%, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 70 $19,530,000 $279,000 $3,095 3.06%
    $100,000 or less 62 $3,130,000 $50,484 $1,697 5.23%
    $100k-200k 62 $9,330,000 $150,484 $2,714 3.50%
    $400k-600k 23 $10,945,000 $475,870 $3,598 3.03%
    $600k-1MM 3 $2,115,000 $705,000 $4,198 3.04%
    $1MM+ 2 $2,360,000 $1,180,000 $4,942 3.38%

    2020 saw Emory Alliance Credit Union place emphasis on $200k-400k loans with 70 originations, totaling $19,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 51 $9,055,000 $177,549 $2,871 3.76%
    $150k-250k 48 $12,150,000 $253,125 $2,942 3.56%
    $100k-150k 47 $9,865,000 $209,894 $2,901 3.98%
    $250k+ 32 $11,090,000 $346,563 $3,432 3.81%
    $50k-75k 30 $4,090,000 $136,333 $2,689 3.58%
    $50k or less 12 $860,000 $71,667 $2,556 4.34%

    Emory Alliance Credit Union lent most frequently to those with incomes in the $75k-100k range, with 51 originations. The second most popular income band? $150k-250k, with 48 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 54 $12,380,000 $229,259 $2,998 3.40%
    <20% 36 $10,690,000 $296,944 $3,024 3.35%
    30-36% 33 $8,785,000 $266,212 $3,121 3.34%
    39% 7 $1,615,000 $230,714 $3,218 3.11%
    40% 7 $1,255,000 $179,286 $2,647 4.20%
    42% 6 $1,740,000 $290,000 $3,240 3.58%
    36% 5 $1,275,000 $255,000 $2,718 2.58%
    37% 4 $1,020,000 $255,000 $2,867 3.19%
    46% 3 $895,000 $298,333 $3,195 3.04%
    38% 3 $575,000 $191,667 $2,687 3.29%
    41% 3 $615,000 $205,000 $2,944 3.21%
    47% 3 $1,295,000 $431,667 $3,439 3.00%
    48% 2 $360,000 $180,000 $2,806 3.25%
    44% 2 $590,000 $295,000 $3,123 3.56%
    >60% 1 $35,000 $35,000 $0 5.75%
    43% 1 $285,000 $285,000 $3,171 2.88%
    45% 1 $55,000 $55,000 $0 7.75%
    50-60% 1 $245,000 $245,000 $3,017 3.38%

    Emory Alliance Credit Union lent most frequently to those with DTI ratios of 20-30%, with 54 originations. The next most common DTI ratio? <20%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $28,095,000 $217,791 $2,918 3.63%
    Black 43 $7,115,000 $165,465 $2,754 4.21%
    Not provided 35 $6,855,000 $195,857 $2,942 3.98%
    Asian 13 $5,215,000 $401,154 $3,419 2.96%
    American Indian 1 $85,000 $85,000 $0 4.25%
    Korean 1 $45,000 $45,000 $1,100 7.00%

    Approval Rates

    Total approvals of all applications
    93.38%

    Emory Alliance Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.59%

    Emory Alliance Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 222 $47,410,000 $213,559

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 222 $47,410,000 $213,559

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $4,095,000 $132,097 $2,326 4.32%
    40-60% 44 $9,660,000 $219,545 $2,826 3.30%
    60-80% 64 $17,920,000 $280,000 $3,063 3.09%
    80-100% 37 $13,105,000 $354,189 $3,411 3.10%
    Under 20% 44 $2,110,000 $47,955 $1,040 5.54%