Credit Union Financial Services Mortgage Rates, Fees & Info

Suwanee, GA

LEI: 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 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, Gainesville, Warner Robins, Savannah, and Macon among others. We have data for 25 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 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.76% 4/28/24
30 Year Conventional Refi 6.27% 4/28/24
30 Year Cash-out Refi 6.69% 4/28/24
30 Year FHA Purchase 7.36% 4/28/24
30 Year VA Purchase 6.26% 4/28/24
30 Year USDA Purchase 6.45% 4/28/24
15 Year Conventional Purchase 6.47% 4/28/24
15 Year Conventional Refi 5.96% 4/28/24
15 Year Cash-out Refi 5.96% 4/28/24
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

160

Origination Dollar Volume (All Markets)

$34,680,000

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) 77 $18,415,000 $239,156 $6,796 4.43%
Outside of Metro Areas 13 $3,535,000 $271,923 $6,840 4.27%
GAINESVILLE, GA (FHA|USDA|VA) 12 $2,930,000 $244,167 $6,261 4.55%
WARNER ROBINS, GA (FHA|USDA|VA) 13 $2,345,000 $180,385 $5,610 4.42%
SAVANNAH, GA (FHA|USDA|VA) 8 $1,510,000 $188,750 $6,988 5.26%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 8 $1,230,000 $153,750 $5,639 4.95%
Milledgeville, GA (FHA|USDA|VA) 10 $1,070,000 $107,000 $4,503 3.96%
BRUNSWICK, GA (FHA|USDA|VA) 1 $695,000 $695,000 $11,668 6.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $465,000 $465,000 $14,915 4.99%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $380,000 $190,000 $4,970 2.63%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $235,000 $235,000 $7,472 3.25%
VALDOSTA, GA (FHA|USDA|VA) 1 $215,000 $215,000 $7,854 4.99%
Thomasville, GA (FHA|USDA|VA) 1 $215,000 $215,000 $5,181 4.13%
Jefferson, GA (FHA|USDA|VA) 1 $185,000 $185,000 $5,185 6.00%
Statesboro, GA (FHA|USDA|VA) 1 $185,000 $185,000 $7,731 6.49%
DALTON, GA (FHA|USDA|VA) 1 $165,000 $165,000 $5,755 4.00%
ROME, GA (FHA|USDA|VA) 1 $155,000 $155,000 $4,397 2.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $155,000 $155,000 $6,989 5.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $6,864 3.00%
Toccoa, GA (FHA|USDA|VA) 1 $105,000 $105,000 $4,923 5.50%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $105,000 $105,000 $7,137 4.88%
Cornelia, GA (FHA|USDA|VA) 1 $75,000 $75,000 $4,913 5.75%
Jesup, GA (FHA|USDA|VA) 1 $65,000 $65,000 $4,623 5.00%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $65,000 $65,000 $5,521 4.63%
Cedartown, GA (FHA|USDA|VA) 1 $45,000 $45,000 $3,393 4.50%
Credit Union Financial Services's top markets include Atlanta, Gainesville, Warner Robins, Savannah, and Macon among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 154 $33,130,000 $215,130 $6,421 4.46%
    VA 4 $1,250,000 $312,500 $7,660 4.87%
    FHA 2 $300,000 $150,000 $5,640 5.25%

    For 2022, Credit Union Financial Services's most frequently originated type of loan was Conventional, with 154 originations. Their 2nd most popular type was VA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 85 $15,185,000 $178,647 $5,584 4.27%
    Home Purchase 51 $14,235,000 $279,118 $8,314 4.88%
    Refi 22 $4,490,000 $204,091 $5,157 4.43%
    Home Improvement 2 $770,000 $385,000 $9,305 4.00%

    For 2022, Credit Union Financial Services's most frequently cited loan purpose was Cash Out Refi, with 85 originations. The 2nd most popular reason was Home Purchase, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 114 $27,980,000 $245,439 $6,892 4.73%
    15 Year 30 $3,500,000 $116,667 $4,679 3.56%
    20 Year 8 $1,060,000 $132,500 $5,878 4.64%
    10 Year 4 $350,000 $87,500 $4,143 3.59%
    1 Year 4 $1,790,000 $447,500 $10,263 5.00%

    For 2022, Credit Union Financial Services's most frequently cited loan duration was 30 Year, with 114 originations. The 2nd most popular length was 15 Year, with 30 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 96 $12,180,000 $126,875
    $1k-2k 41 $10,855,000 $264,756
    $2k-3k 17 $8,315,000 $489,118
    $3k-4k 2 $1,720,000 $860,000
    $4k-5k 1 $595,000 $595,000
    $5k+ 1 $715,000 $715,000

    Credit Union Financial Services's average total fees were $6,892, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 96 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 53 $13,315,000 $251,226
    3-4% 45 $8,785,000 $195,222
    5-6% 33 $6,445,000 $195,303
    2.5-3% 11 $1,335,000 $121,364
    6-7% 10 $2,980,000 $298,000
    <2.5% 5 $735,000 $147,000
    7-8% 3 $1,085,000 $361,667

    During 2022, Credit Union Financial Services's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 68 $10,140,000 $149,118 $5,602 4.29%
    $200k-400k 41 $10,835,000 $264,268 $7,173 4.62%
    $100,000 or less 30 $2,260,000 $75,333 $4,371 4.39%
    $400k-600k 17 $8,315,000 $489,118 $10,292 4.82%
    $600k-1MM 4 $3,130,000 $782,500 $12,418 5.75%

    2022 saw Credit Union Financial Services place emphasis on $100k-200k loans with 68 originations, totaling $10,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 38 $9,870,000 $259,737 $7,765 4.76%
    $75k-100k 35 $6,235,000 $178,143 $5,737 4.29%
    $50k-75k 31 $4,675,000 $150,806 $4,942 4.16%
    $50k or less 29 $3,565,000 $122,931 $5,223 4.23%
    $150k-250k 23 $8,045,000 $349,783 $8,223 4.91%
    $250k+ 4 $2,290,000 $572,500 $10,272 5.47%

    Credit Union Financial Services lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $75k-100k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 35 $8,415,000 $240,429 $6,285 4.40%
    30-36% 33 $7,255,000 $219,848 $6,790 4.51%
    <20% 12 $1,760,000 $146,667 $5,813 4.55%
    36% 8 $1,510,000 $188,750 $5,695 4.23%
    43% 8 $1,350,000 $168,750 $6,871 4.80%
    44% 7 $2,195,000 $313,571 $7,016 3.70%
    39% 7 $1,055,000 $150,714 $4,710 4.79%
    45% 7 $1,135,000 $162,143 $7,040 4.63%
    41% 6 $1,460,000 $243,333 $6,655 4.94%
    40% 6 $1,000,000 $166,667 $5,103 4.27%
    42% 5 $565,000 $113,000 $5,187 4.40%
    38% 5 $1,015,000 $203,000 $5,513 3.78%
    47% 5 $2,095,000 $419,000 $9,617 4.70%
    49% 4 $1,620,000 $405,000 $10,048 5.78%
    50-60% 4 $670,000 $167,500 $5,707 4.81%
    46% 3 $825,000 $275,000 $7,235 4.00%
    >60% 2 $470,000 $235,000 $7,067 4.06%
    37% 2 $210,000 $105,000 $4,574 4.25%
    48% 1 $75,000 $75,000 $4,913 5.75%

    Credit Union Financial Services lent most frequently to those with DTI ratios of 20-30%, with 35 originations. The next most common DTI ratio? 30-36%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $20,895,000 $240,172 $6,730 4.49%
    Black 67 $12,755,000 $190,373 $6,115 4.45%
    Not provided 4 $620,000 $155,000 $5,435 4.16%
    Asian Indian 1 $255,000 $255,000 $8,387 4.88%
    American Indian 1 $155,000 $155,000 $5,418 6.75%

    Approval Rates

    Total approvals of all applications
    89.36%

    Credit Union Financial Services has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.13%

    Credit Union Financial Services has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 160 $34,680,000 $216,750

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    160 $34,680,000 $216,750

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,530,000 $95,625 $4,763 3.99%
    40-60% 31 $4,035,000 $130,161 $5,229 4.39%
    60-80% 67 $16,645,000 $248,433 $6,861 4.44%
    80-100% 45 $12,395,000 $275,444 $7,307 4.81%
    Under 20% 1 $75,000 $75,000 $3,953 3.75%