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 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.) Their top markets by origination volume include: Atlanta, Macon, Warner Robins, Savannah, and Gainesville among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Credit Union Financial Services has an average approval rate when compared to the average across all lenders. They have an 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 | 6.76% | 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
320Origination Dollar Volume (All Markets)
$57,090,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 175 | $33,655,000 | $192,314 | $5,769 | 3.27% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 37 | $5,685,000 | $153,649 | $4,956 | 3.14% |
| Outside of Metro Areas | 25 | $4,865,000 | $194,600 | $5,679 | 3.25% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 18 | $3,060,000 | $170,000 | $4,887 | 3.07% |
| SAVANNAH, GA (FHA|USDA|VA) | 18 | $2,910,000 | $161,667 | $5,258 | 3.15% |
| GAINESVILLE, GA (FHA|USDA|VA) | 9 | $1,875,000 | $208,333 | $5,712 | 3.01% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 7 | $1,245,000 | $177,857 | $4,521 | 3.23% |
| Milledgeville, GA (FHA|USDA|VA) | 10 | $1,040,000 | $104,000 | $4,257 | 3.32% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $6,173 | 3.17% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,574 | 3.06% |
| ALBANY, GA (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $5,280 | 3.13% |
| HINESVILLE, GA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $4,851 | 3.38% |
| ROME, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,623 | 3.88% |
| Cornelia, GA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,419 | 2.75% |
| Dublin, GA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,899 | 3.75% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,559 | 3.38% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,136 | 3.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,453 | 3.38% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,961 | 3.25% |
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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 314 | $55,950,000 | $178,185 | $5,477 | 3.23% |
| FHA | 4 | $480,000 | $120,000 | $4,481 | 3.72% |
| VA | 2 | $660,000 | $330,000 | $4,810 | 2.50% |
For 2020, Credit Union Financial Services's most frequently originated type of loan was Conventional, with 314 originations. Their 2nd most popular type was FHA, with 4 originations.
Loan Reason
For 2020, Credit Union Financial Services's most frequently cited loan purpose was Refi, with 224 originations. The 2nd most popular reason was Home Purchase, with 94 originations.
Loan Duration/Length
For 2020, Credit Union Financial Services's most frequently cited loan duration was 30 Year, with 187 originations. The 2nd most popular length was 15 Year, with 95 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 219 | $29,795,000 | $136,050 |
| $1k-2k | 96 | $25,010,000 | $260,521 |
| $2k-3k | 5 | $2,285,000 | $457,000 |
Credit Union Financial Services's average total fees were $6,104, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 219 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 187 | $33,885,000 | $181,203 |
| 2.5-3% | 110 | $19,330,000 | $175,727 |
| <2.5% | 13 | $2,445,000 | $188,077 |
| 4-5% | 10 | $1,430,000 | $143,000 |
During 2020, Credit Union Financial Services's average interest rate for loans was 3.37%, while their most frequently originated rate bucket for loans was 3-4%, with 187 originations.
Loan Sizing
2020 saw Credit Union Financial Services place emphasis on $100k-200k loans with 153 originations, totaling $22,375,000 in origination value.
Applicant Income
Credit Union Financial Services lent most frequently to those with incomes in the $50k-75k range, with 87 originations. The second most popular income band? $100k-150k, with 75 originations.
Applicant Debt to Income Ratio
Credit Union Financial Services lent most frequently to those with DTI ratios of 20-30%, with 101 originations. The next most common DTI ratio? 30-36%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.58%
Credit Union Financial Services has a below average approval rate.
Pick Rate
Approvals leading to origination94.06%
Credit Union Financial Services has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 320 | $57,090,000 | $178,406 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 320 | $57,090,000 | $178,406 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Credit Bureau Financial Services, Inc. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |