Orlando Credit Union Mortgage Rates, Fees & Info
Orlando, FLLEI: 549300ULZJK0NFBI8J68
Tax ID: 59-1517872
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Orlando Credit Union is a smaller credit union specializing in Other, Cash Out Refi, and Home Purchase loans. Orlando Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Palm Bay, Lakeland, and Deltona among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Orlando 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.
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Originations
130Origination Dollar Volume (All Markets)
$11,480,000Top 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 |
|---|---|---|---|---|---|
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 125 | $10,775,000 | $86,200 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against ORLANDO CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 130 | $11,480,000 | $88,308 | $0 | 0.00% |
For 2018, Orlando Credit Union's most frequently originated type of loan was Conventional, with 130 originations.
Loan Reason
For 2018, Orlando Credit Union's most frequently cited loan purpose was Other, with 57 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 130 | $11,480,000 | $88,308 | $0 | 0.00% |
For 2018, Orlando Credit Union's most frequently cited loan duration was Other, with 130 originations.
Loan Sizing
2018 saw Orlando Credit Union place emphasis on $100,000 or less loans with 90 originations, totaling $4,450,000 in origination value.
Applicant Income
Orlando Credit Union lent most frequently to those with incomes in the $50k-75k range, with 45 originations. The second most popular income band? $100k-150k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 130 | $11,480,000 | $88,308 | $0 | 0.00% |
Orlando Credit Union lent most frequently to those with DTI ratios of Exempt%, with 130 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 93 | $7,465,000 | $80,269 | $0 | 0.00% |
| White | 28 | $3,350,000 | $119,643 | $0 | 0.00% |
| Black | 9 | $665,000 | $73,889 | $0 | 0.00% |
Approval Rates
Total approvals of all applications80.93%
Orlando Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.08%
Orlando Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 130 | $11,480,000 | $88,308 |