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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.76% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.69% | 11/21/24 |
| 30 Year FHA Purchase | 7.36% | 11/21/24 |
| 30 Year VA Purchase | 6.26% | 11/21/24 |
| 30 Year USDA Purchase | 6.45% | 11/21/24 |
| 15 Year Conventional Purchase | 6.47% | 11/21/24 |
| 15 Year Conventional Refi | 5.96% | 11/21/24 |
| 15 Year Cash-out Refi | 5.96% | 11/21/24 |
| 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
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This is not an official calculator from Credit Union Financial Services. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
160Origination Dollar Volume (All Markets)
$34,680,000Top 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) | 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% |
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
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
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
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
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
2022 saw Credit Union Financial Services place emphasis on $100k-200k loans with 68 originations, totaling $10,140,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications89.36%
Credit Union Financial Services has an average approval rate.
Pick Rate
Approvals leading to origination73.13%
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 |