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 Home Purchase and Refi loans. Credit Union Financial Services has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Gainesville, Macon, Jefferson, and Savannah 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 a high 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 | 6.76% | 4/14/24 |
| 30 Year Conventional Refi | 6.27% | 4/14/24 |
| 30 Year Cash-out Refi | 6.69% | 4/14/24 |
| 30 Year FHA Purchase | 7.36% | 4/14/24 |
| 30 Year VA Purchase | 6.26% | 4/14/24 |
| 30 Year USDA Purchase | 6.45% | 4/14/24 |
| 15 Year Conventional Purchase | 6.47% | 4/14/24 |
| 15 Year Conventional Refi | 5.96% | 4/14/24 |
| 15 Year Cash-out Refi | 5.96% | 4/14/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
214Origination Dollar Volume (All Markets)
$40,440,000Awards
CREDIT UNION FINANCIAL SERVICES - 2018
CREDIT UNION FINANCIAL SERVICES is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 135 | $26,875,000 | $199,074 | $213,284 | 4.42% |
| Outside of Metro Areas | 16 | $2,770,000 | $173,125 | $198,424 | 4.36% |
| GAINESVILLE, GA (FHA|USDA|VA) | 11 | $1,815,000 | $165,000 | $189,947 | 4.33% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 8 | $1,460,000 | $182,500 | $178,173 | 4.23% |
| Jefferson, GA (FHA|USDA|VA) | 6 | $1,360,000 | $226,667 | $250,105 | 4.33% |
| SAVANNAH, GA (FHA|USDA|VA) | 10 | $1,350,000 | $135,000 | $138,389 | 4.65% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $288,547 | 3.79% |
| Milledgeville, GA (FHA|USDA|VA) | 5 | $525,000 | $105,000 | $137,191 | 4.28% |
| Cornelia, GA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $292,506 | 4.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $546,359 | 3.75% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $190,075 | 4.38% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $401,553 | 4.63% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $171,010 | 4.44% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $322,116 | 4.50% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $198,830 | 4.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $126,065 | 4.63% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $230,524 | 4.38% |
| Waycross, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $206,792 | 4.50% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $172,947 | 3.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $70,773 | 4.25% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $94,400 | 4.50% |
| ROME, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $85,820 | 4.75% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $130,342 | 3.25% |
| Summerville, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $62,223 | 3.88% |
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 2018, Credit Union Financial Services's most frequently originated type of loan was Conventional, with 147 originations. Their 2nd most popular type was FHA, with 55 originations.
Loan Reason
For 2018, Credit Union Financial Services's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Refi, with 81 originations.
Loan Duration/Length
For 2018, Credit Union Financial Services's most frequently cited loan duration was Other, with 173 originations. The 2nd most popular length was 30 Year, with 37 originations.
Origination Fees/Closing Costs
Credit Union Financial Services's average total fees were $332,407, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 70 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 146 | $26,850,000 | $183,904 |
| 3-4% | 53 | $10,735,000 | $202,547 |
| 5-6% | 14 | $2,600,000 | $185,714 |
| 2.5-3% | 1 | $255,000 | $255,000 |
During 2018, Credit Union Financial Services's average interest rate for loans was 3.93%, while their most frequently originated rate bucket for loans was 4-5%, with 146 originations.
Loan Sizing
2018 saw Credit Union Financial Services place emphasis on $100k-200k loans with 105 originations, totaling $15,385,000 in origination value.
Applicant Income
Credit Union Financial Services lent most frequently to those with incomes in the $50k-75k range, with 70 originations. The second most popular income band? $50k or less, with 40 originations.
Applicant Debt to Income Ratio
Credit Union Financial Services lent most frequently to those with DTI ratios of 20-30%, with 52 originations. The next most common DTI ratio? 30-36%, with 42 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.68%
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 origination68.69%
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 | 214 | $40,440,000 | $188,972 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 214 | $40,440,000 | $188,972 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Credit Union Mortgage Association, Inc. | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| Credit Union Mortgage Association, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |