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 Home Improvement, Refi, and Home Purchase loans. Orlando Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Orlando, Deltona, Lakeland, Palm Bay, and Jacksonville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Orlando Credit Union has a below average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
249Origination Dollar Volume (All Markets)
$30,795,000Top 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) | 219 | $25,115,000 | $114,680 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 12 | $2,220,000 | $185,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 6 | $1,480,000 | $246,667 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $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 | 249 | $30,795,000 | $123,675 | $0 | 0.00% |
For 2022, Orlando Credit Union's most frequently originated type of loan was Conventional, with 249 originations.
Loan Reason
For 2022, Orlando Credit Union's most frequently cited loan purpose was Home Improvement, with 115 originations. The 2nd most popular reason was Other, with 60 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 249 | $30,795,000 | $123,675 | $0 | 0.00% |
For 2022, Orlando Credit Union's most frequently cited loan duration was Other, with 249 originations.
Loan Sizing
2022 saw Orlando Credit Union place emphasis on $100,000 or less loans with 139 originations, totaling $7,705,000 in origination value.
Applicant Income
Orlando Credit Union lent most frequently to those with incomes in the $50k-75k range, with 59 originations. The second most popular income band? $100k-150k, with 57 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 249 | $30,795,000 | $123,675 | $0 | 0.00% |
Orlando Credit Union lent most frequently to those with DTI ratios of Exempt%, with 249 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications63.13%
Orlando Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination95.18%
Orlando Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 249 | $30,795,000 | $123,675 |