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 loans. Emory Alliance Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Hilton Head Island, Gainesville, and Milledgeville 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.

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

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    Originations

    197

    Origination Dollar Volume (All Markets)

    $39,745,000

    Awards

    Emory Alliance Credit Union 30 Year Conventional Loans silver Emory Alliance Credit Union 30 Year Conventional Loans gold 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) 191 $37,525,000 $196,466 $2,776 3.59%
    Outside of Metro Areas 3 $1,535,000 $511,667 $3,234 2.75%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $335,000 $335,000 $3,592 2.50%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $325,000 $325,000 $2,803 2.25%
    Milledgeville, GA (FHA|USDA|VA) 1 $25,000 $25,000 $1,100 7.25%
    Emory Alliance Credit Union's top markets include Atlanta, Hilton Head Island, Gainesville, and Milledgeville 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: 305
    Credence Funding Corporation
    Similarity Rank: 707
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 1218
    Queensborough National Bank & Trust Company
    Similarity Rank: 1950
    Aurora Financial, LLC
    Similarity Rank: 2263
    First American Bank and Trust Company
    Similarity Rank: 2288
    POWERCO
    Similarity Rank: 2296
    CDC Federal Credit Union
    Similarity Rank: 2496
    LGE COMMUNITY
    Similarity Rank: 2755
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 3380

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 128 $33,350,000 $260,547 $2,780 2.96%
    HELOC 69 $6,395,000 $92,681 n/a 4.74%

    For 2021, Emory Alliance Credit Union's most frequently originated type of loan was Conventional, with 128 originations. Their 2nd most popular type was HELOC, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 85 $7,735,000 $91,000 $1,483 4.80%
    Refi 75 $22,585,000 $301,133 $2,938 2.47%
    Cash Out Refi 18 $4,870,000 $270,556 $3,130 2.74%
    Home Purchase 15 $4,325,000 $288,333 $3,500 2.75%
    Home Improvement 4 $230,000 $57,500 $1,155 5.63%

    For 2021, Emory Alliance Credit Union's most frequently cited loan purpose was Other, with 85 originations. The 2nd most popular reason was Refi, with 75 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 112 $17,220,000 $153,750 $2,628 3.85%
    30 Year 55 $17,605,000 $320,091 $3,194 2.79%
    20 Year 12 $3,860,000 $321,667 $3,077 2.92%
    10 Year 11 $625,000 $56,818 $1,512 4.67%
    5 Year 4 $140,000 $35,000 $1,103 4.75%
    Other 3 $295,000 $98,333 $0 5.58%

    For 2021, Emory Alliance Credit Union's most frequently cited loan duration was 15 Year, with 112 originations. The 2nd most popular length was 30 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 102 $30,740,000 $301,373
    $1k-2k 6 $1,180,000 $196,667
    $2k-3k 1 $405,000 $405,000

    Emory Alliance Credit Union's average total fees were $3,194, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 102 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 66 $17,300,000 $262,121
    4-5% 54 $5,650,000 $104,630
    2.5-3% 35 $13,165,000 $376,143
    5-6% 18 $1,010,000 $56,111
    3-4% 12 $2,100,000 $175,000
    6-7% 7 $255,000 $36,429
    7-8% 5 $265,000 $53,000

    During 2021, Emory Alliance Credit Union's average interest rate for loans was 2.79%, while their most frequently originated rate bucket for loans was <2.5%, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $2,855,000 $46,803 $1,152 5.01%
    $100k-200k 56 $7,890,000 $140,893 $2,634 3.18%
    $200k-400k 56 $16,230,000 $289,821 $3,091 2.87%
    $400k-600k 20 $9,350,000 $467,500 $3,540 2.52%
    $600k-1MM 3 $2,215,000 $738,333 $3,788 2.83%
    $1MM+ 1 $1,205,000 $1,205,000 $5,235 3.00%

    2021 saw Emory Alliance Credit Union place emphasis on $100,000 or less loans with 61 originations, totaling $2,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 55 $9,295,000 $169,000 $2,614 3.64%
    $150k-250k 45 $10,775,000 $239,444 $2,939 3.70%
    $250k+ 30 $11,130,000 $371,000 $3,439 3.02%
    $50k-75k 30 $4,030,000 $134,333 $2,480 3.59%
    $75k-100k 27 $3,515,000 $130,185 $2,439 3.75%
    $50k or less 9 $895,000 $99,444 $2,711 4.17%

    Emory Alliance Credit Union lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $150k-250k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 43 $13,455,000 $312,907 $2,995 2.63%
    30-36% 25 $6,405,000 $256,200 $2,995 2.56%
    <20% 22 $7,050,000 $320,455 $3,160 2.38%
    38% 5 $1,275,000 $255,000 $3,128 3.15%
    36% 4 $730,000 $182,500 $2,658 2.28%
    37% 3 $925,000 $308,333 $3,045 3.92%
    40% 3 $375,000 $125,000 $3,122 3.79%
    39% 2 $430,000 $215,000 $3,609 2.88%
    41% 2 $640,000 $320,000 $3,006 2.81%
    42% 2 $590,000 $295,000 $2,925 2.44%
    43% 1 $355,000 $355,000 $3,339 2.50%
    44% 1 $265,000 $265,000 $2,640 2.50%
    45% 1 $425,000 $425,000 $3,547 2.25%

    Emory Alliance Credit Union lent most frequently to those with DTI ratios of 20-30%, with 43 originations. The next most common DTI ratio? 30-36%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $20,380,000 $216,809 $2,898 3.49%
    Black 55 $8,265,000 $150,273 $2,509 4.08%
    Not provided 36 $7,530,000 $209,167 $2,833 3.39%
    Asian 12 $3,570,000 $297,500 $2,961 2.68%

    Approval Rates

    Total approvals of all applications
    100.00%

    Emory Alliance Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.34%

    Emory Alliance Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 197 $39,745,000 $201,751

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    197 $39,745,000 $201,751

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $4,770,000 $140,294 $2,438 4.19%
    40-60% 35 $9,875,000 $282,143 $2,942 2.65%
    60-80% 49 $15,355,000 $313,367 $3,099 2.67%
    80-100% 24 $7,040,000 $293,333 $3,201 2.78%
    Under 20% 55 $2,705,000 $49,182 $1,170 4.96%