Credit Union Financial Services Mortgage Rates, Fees & Info
Suwanee, GALEI: 549300VKT6APHQW3YT06
Tax ID: 51-0415301
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Mortgage Data
Review & Overview
Credit Union Financial Services is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Credit Union Financial Services has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Macon, Warner Robins, Savannah, and Milledgeville among others. We have data for 24 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.81% | 11/26/22 |
| 30 Year Conventional Refi | 6.81% | 11/26/22 |
| 30 Year Cash-out Refi | 7.02% | 11/26/22 |
| 30 Year FHA Purchase | 7.72% | 11/26/22 |
| 30 Year FHA Refi | 7.68% | 11/26/22 |
| 30 Year VA Purchase | 6.63% | 11/26/22 |
| 30 Year VA Refi | 6.05% | 11/26/22 |
| 30 Year USDA Purchase | 6.94% | 11/26/22 |
| 30 Year USDA Refi | 6.61% | 11/26/22 |
| 15 Year Conventional Purchase | 6.11% | 11/26/22 |
| 15 Year Conventional Refi | 6.16% | 11/26/22 |
| 15 Year Cash-out Refi | 6.16% | 11/26/22 |
| 15 Year FHA Purchase | 5.90% | 11/26/22 |
| 15 Year FHA Refi | 5.90% | 11/26/22 |
| 15 Year VA Refi | 5.90% | 11/26/22 |
| 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. | ||
Originations
390Origination Dollar Volume (All Markets)
$75,610,000Awards
CREDIT UNION FINANCIAL SERVICES - 2021
CREDIT UNION FINANCIAL SERVICES is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Credit Union Financial Services's average 30 year fixed mortgage rate was
3.05%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.1%.
Relative Fees (Closing Costs)
Credit Union Financial Services's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,247.
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 $4,750.
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) | 212 | $44,370,000 | $209,292 | $5,973 | 2.84% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 34 | $5,620,000 | $165,294 | $4,911 | 2.76% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 30 | $4,340,000 | $144,667 | $4,802 | 2.89% |
| Outside of Metro Areas | 20 | $3,840,000 | $192,000 | $5,766 | 2.70% |
| SAVANNAH, GA (FHA|USDA|VA) | 19 | $3,455,000 | $181,842 | $5,623 | 2.91% |
| Milledgeville, GA (FHA|USDA|VA) | 22 | $3,110,000 | $141,364 | $4,673 | 2.66% |
| GAINESVILLE, GA (FHA|USDA|VA) | 14 | $3,110,000 | $222,143 | $6,351 | 2.65% |
| Jefferson, GA (FHA|USDA|VA) | 8 | $2,110,000 | $263,750 | $8,028 | 3.14% |
| Cornelia, GA (FHA|USDA|VA) | 7 | $1,595,000 | $227,857 | $7,051 | 2.91% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $5,169 | 2.65% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $8,198 | 2.88% |
| Seneca, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,012 | 3.50% |
| HINESVILLE, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $7,173 | 3.19% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,714 | 3.38% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,021 | 2.25% |
| Dublin, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $5,159 | 2.75% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,703 | 2.13% |
| ROME, GA (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $3,707 | 3.21% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,403 | 3.38% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,745 | 3.25% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,422 | 2.25% |
| Jesup, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,750 | 3.13% |
| Vidalia, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,827 | 3.25% |
| Americus, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,464 | 2.38% |
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.
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Product Mix
For 2021, Credit Union Financial Services's most frequently originated type of loan was Conventional, with 370 originations. Their 2nd most popular type was FHA, with 10 originations.
Loan Reason
For 2021, Credit Union Financial Services's most frequently cited loan purpose was Cash Out Refi, with 170 originations. The 2nd most popular reason was Refi, with 133 originations.
Loan Duration/Length
For 2021, Credit Union Financial Services's most frequently cited loan duration was 30 Year, with 222 originations. The 2nd most popular length was 15 Year, with 124 originations.
Origination Fees/Closing Costs
Credit Union Financial Services's average total fees were $6,247, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 198 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 182 | $38,430,000 | $211,154 |
| <2.5% | 107 | $16,805,000 | $157,056 |
| 3-4% | 98 | $19,900,000 | $203,061 |
| 4-5% | 3 | $475,000 | $158,333 |
During 2021, Credit Union Financial Services's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 182 originations.
Loan Sizing
2021 saw Credit Union Financial Services place emphasis on $100k-200k loans with 191 originations, totaling $27,835,000 in origination value.
Applicant Income
Credit Union Financial Services lent most frequently to those with incomes in the $50k-75k range, with 96 originations. The second most popular income band? $75k-100k, with 89 originations.
Applicant Debt to Income Ratio
Credit Union Financial Services lent most frequently to those with DTI ratios of 20-30%, with 104 originations. The next most common DTI ratio? 30-36%, with 70 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.39%
Credit Union Financial Services has an average approval rate.
Pick Rate
Approvals leading to origination61.28%
Credit Union Financial Services has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 390 | $75,610,000 | $193,872 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Credit Union Mortgage Association, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |
