Credit Union Financial Services Mortgage Rates, Fees & Info

Suwanee, GA

LEI: 549300VKT6APHQW3YT06

Tax ID: 51-0415301

5 stars - Updated: 11/17/24 - out of 5 stars, based on 11 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Credit Union Financial Services is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Credit Union Financial Services has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Gainesville, Macon, Warner Robins, and Milledgeville among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Credit Union Financial Services 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. Credit Union Financial Services is typically an average 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 relatively high 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.76% 11/17/24
    30 Year Conventional Refi 6.27% 11/17/24
    30 Year Cash-out Refi 6.69% 11/17/24
    30 Year FHA Purchase 7.36% 11/17/24
    30 Year VA Purchase 6.26% 11/17/24
    30 Year USDA Purchase 6.45% 11/17/24
    15 Year Conventional Purchase 6.47% 11/17/24
    15 Year Conventional Refi 5.96% 11/17/24
    15 Year Cash-out Refi 5.96% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Credit Union Financial Services Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Credit Union Financial Services. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    126

    Origination Dollar Volume (All Markets)

    $30,730,000

    Awards

    CREDIT UNION FINANCIAL SERVICES 30 Year Conventional Loans silver CREDIT UNION FINANCIAL SERVICES 30 Year Conventional Loans silver CREDIT UNION FINANCIAL SERVICES 30 Year Conventional Loans bronze
    Show all (3) awards

    Relative Rate

    Credit Union Financial Services's average 30 year fixed mortgage rate was 6.29%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.19%.

    Relative Fees (Closing Costs)

    Credit Union Financial Services's average total fees/closing costs for a 30 year fixed rate mortgage were $7,218.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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) 69 $17,965,000 $260,362 $7,619 6.41%
    Outside of Metro Areas 13 $2,675,000 $205,769 $6,606 6.54%
    GAINESVILLE, GA (FHA|USDA|VA) 7 $2,595,000 $370,714 $7,729 6.54%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 9 $1,845,000 $205,000 $6,570 6.50%
    WARNER ROBINS, GA (FHA|USDA|VA) 7 $1,565,000 $223,571 $5,962 6.07%
    Milledgeville, GA (FHA|USDA|VA) 4 $740,000 $185,000 $6,229 6.41%
    Cornelia, GA (FHA|USDA|VA) 3 $635,000 $211,667 $4,339 7.42%
    Cedartown, GA (FHA|USDA|VA) 2 $420,000 $210,000 $5,485 6.13%
    HINESVILLE, GA (FHA|USDA|VA) 2 $420,000 $210,000 $6,582 6.31%
    ROME, GA (FHA|USDA|VA) 2 $380,000 $190,000 $5,977 6.06%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $355,000 $355,000 $2,647 9.00%
    Seneca, SC (FHA|USDA|VA) 1 $235,000 $235,000 $13,568 6.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $235,000 $235,000 $7,324 6.88%
    SAVANNAH, GA (FHA|USDA|VA) 2 $180,000 $90,000 $5,488 6.63%
    Dublin, GA (FHA|USDA|VA) 1 $165,000 $165,000 $4,963 5.50%
    VALDOSTA, GA (FHA|USDA|VA) 1 $165,000 $165,000 $4,762 5.75%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $155,000 $155,000 $7,487 5.75%
    Credit Union Financial Services's top markets include Atlanta, Gainesville, Macon, Warner Robins, and Milledgeville among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against CREDIT UNION FINANCIAL SERVICES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ROBINS FINANCIAL
    Similarity Rank: 115
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C.
    Similarity Rank: 306
    LGE COMMUNITY
    Similarity Rank: 546
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 900
    East West Bank
    Similarity Rank: 925
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 1076
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1320
    Queensborough National Bank & Trust Company
    Similarity Rank: 1408
    First American Bank and Trust Company
    Similarity Rank: 1608
    PEACH STATE FEDERAL CREDIT UNION
    Similarity Rank: 1656

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 125 $30,415,000 $243,320 $7,099 6.44%
    VA 1 $315,000 $315,000 $7,907 6.13%

    For 2023, Credit Union Financial Services's most frequently originated type of loan was Conventional, with 125 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $17,250,000 $246,429 $8,216 6.41%
    Cash Out Refi 42 $7,890,000 $187,857 $5,620 6.10%
    Home Improvement 7 $2,275,000 $325,000 $5,686 8.89%
    Refi 7 $3,315,000 $473,571 $5,321 6.30%

    For 2023, Credit Union Financial Services's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 114 $28,000,000 $245,614 $7,218 6.29%
    1 Year 7 $2,275,000 $325,000 $5,686 8.89%
    15 Year 3 $275,000 $91,667 $5,702 6.29%
    20 Year 2 $180,000 $90,000 $4,224 6.44%

    For 2023, Credit Union Financial Services's most frequently cited loan duration was 30 Year, with 114 originations. The 2nd most popular length was 1 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 58 $8,940,000 $154,138
    $1k-2k 47 $13,075,000 $278,191
    $2k-3k 14 $6,460,000 $461,429
    $4k-5k 2 $510,000 $255,000
    $3k-4k 1 $505,000 $505,000
    $5k+ 1 $475,000 $475,000

    Credit Union Financial Services's average total fees were $7,218, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 58 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 58 $16,180,000 $278,966
    6-7% 41 $7,875,000 $192,073
    7-8% 19 $4,025,000 $211,842
    Over 8% 8 $2,650,000 $331,250

    During 2023, Credit Union Financial Services's average interest rate for loans was 6.29%, while their most frequently originated rate bucket for loans was 5-6%, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 52 $14,370,000 $276,346 $7,660 6.56%
    $100k-200k 42 $6,500,000 $154,762 $6,361 6.36%
    $100,000 or less 16 $1,290,000 $80,625 $5,176 6.45%
    $400k-600k 13 $6,465,000 $497,308 $10,649 6.31%
    $600k-1MM 3 $2,105,000 $701,667 $5,348 5.92%

    2023 saw Credit Union Financial Services place emphasis on $200k-400k loans with 52 originations, totaling $14,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 34 $8,810,000 $259,118 $7,445 6.46%
    $50k-75k 33 $5,325,000 $161,364 $6,401 6.44%
    $150k-250k 21 $8,465,000 $403,095 $7,571 6.35%
    $75k-100k 20 $4,010,000 $200,500 $6,487 6.54%
    $50k or less 9 $915,000 $101,667 $5,989 6.64%
    $250k+ 8 $3,010,000 $376,250 $10,839 6.22%

    Credit Union Financial Services lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 31 $7,685,000 $247,903 $6,637 6.54%
    20-30% 29 $7,025,000 $242,241 $7,332 6.22%
    <20% 11 $2,015,000 $183,182 $7,475 6.17%
    43% 6 $1,290,000 $215,000 $7,529 6.33%
    46% 6 $1,690,000 $281,667 $7,013 6.58%
    38% 5 $1,115,000 $223,000 $7,878 6.30%
    47% 5 $1,145,000 $229,000 $6,763 7.10%
    48% 5 $1,385,000 $277,000 $8,539 6.78%
    36% 5 $1,015,000 $203,000 $6,889 5.88%
    37% 4 $1,030,000 $257,500 $4,756 6.50%
    42% 3 $525,000 $175,000 $6,271 6.42%
    39% 3 $695,000 $231,667 $6,668 5.92%
    40% 3 $1,265,000 $421,667 $10,793 6.46%
    44% 3 $1,315,000 $438,333 $6,273 6.13%
    45% 2 $300,000 $150,000 $5,710 6.63%
    41% 2 $430,000 $215,000 $6,991 7.88%
    49% 1 $375,000 $375,000 $7,022 8.63%
    50-60% 1 $235,000 $235,000 $0 8.50%
    >60% 1 $195,000 $195,000 $4,937 5.50%

    Credit Union Financial Services lent most frequently to those with DTI ratios of 30-36%, with 31 originations. The next most common DTI ratio? 20-30%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $19,980,000 $256,154 $6,990 6.39%
    Black 31 $6,605,000 $213,065 $6,778 6.64%
    Not provided 11 $1,905,000 $173,182 $7,570 6.42%
    Asian 4 $1,380,000 $345,000 $9,221 6.13%
    American Indian 1 $545,000 $545,000 $10,889 5.75%
    Korean 1 $315,000 $315,000 $7,907 6.13%

    Approval Rates

    Total approvals of all applications
    97.44%

    Credit Union Financial Services 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
    79.37%

    Credit Union Financial Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 126 $30,730,000 $243,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    126 $30,730,000 $243,889

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $1,745,000 $134,231 $5,275 6.04%
    40-60% 20 $3,570,000 $178,500 $6,578 6.42%
    60-80% 45 $11,075,000 $246,111 $7,258 6.57%
    80-100% 48 $14,340,000 $298,750 $7,689 6.42%