Interstate Unlimited Federal Credit Union Mortgage Rates, Fees & Info
Jesup, GALEI: 549300Z6CO0YC8ULYR28
Tax ID: 58-6075493
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Mortgage Data
Review & Overview
Interstate Unlimited Federal Credit Union is a smaller credit union specializing in Other loans. Interstate Unlimited Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Jesup, Brunswick, Hinesville, and Waycross among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Interstate Unlimited Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Interstate Unlimited Federal Credit Union is typically a low 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 relatively high 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 | 4.03% | 12/16/24 |
| 30 Year Conventional Refi | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| 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. | ||
Interstate Unlimited Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
97Origination Dollar Volume (All Markets)
$4,165,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 54 | $2,280,000 | $42,222 | $1,579 | 6.42% |
| Jesup, GA (FHA|USDA|VA) | 29 | $1,185,000 | $40,862 | $2,215 | 6.75% |
| BRUNSWICK, GA (FHA|USDA|VA) | 5 | $355,000 | $71,000 | $2,948 | 5.38% |
| HINESVILLE, GA (FHA|USDA|VA) | 7 | $255,000 | $36,429 | $1,731 | 6.57% |
| Waycross, GA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 5.70% |
Similar Lenders
We use machine learning to identify the top lenders compared against INTERSTATE UNLIMITED Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 580
Similarity Rank: 1712
Similarity Rank: 1840
Similarity Rank: 5568
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 70 | $3,340,000 | $47,714 | $1,688 | 6.44% |
| HELOC | 27 | $825,000 | $30,556 | n/a | 6.49% |
For 2019, Interstate Unlimited Federal Credit Union's most frequently originated type of loan was Conventional, with 70 originations. Their 2nd most popular type was HELOC, with 27 originations.
Loan Reason
For 2019, Interstate Unlimited Federal Credit Union's most frequently cited loan purpose was Other, with 39 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
Loan Duration/Length
For 2019, Interstate Unlimited Federal Credit Union's most frequently cited loan duration was Other, with 46 originations. The 2nd most popular length was 15 Year, with 33 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 23 | $1,255,000 | $54,565 |
| $1k-2k | 1 | $105,000 | $105,000 |
Interstate Unlimited Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 23 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 39 | $1,685,000 | $43,205 |
| 6-7% | 30 | $1,430,000 | $47,667 |
| 7-8% | 10 | $450,000 | $45,000 |
| Over 8% | 10 | $390,000 | $39,000 |
| 4-5% | 7 | $195,000 | $27,857 |
During 2019, Interstate Unlimited Federal Credit Union's average interest rate for loans was 6.06%, while their most frequently originated rate bucket for loans was 5-6%, with 39 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 94 | $3,730,000 | $39,681 | $1,715 | 6.48% |
| $100k-200k | 3 | $435,000 | $145,000 | $1,250 | 5.75% |
2019 saw Interstate Unlimited Federal Credit Union place emphasis on $100,000 or less loans with 94 originations, totaling $3,730,000 in origination value.
Applicant Income
Interstate Unlimited Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
Interstate Unlimited Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? <20%, with 17 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications64.25%
Interstate Unlimited Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination73.20%
Interstate Unlimited Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1221.0 | 1 | $15,000 | $15,000 |
| NA | 96 | $4,150,000 | $43,229 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 33 | $1,285,000 | $38,939 |
| Single Family (1-4 Units):Site-Built | 64 | $2,880,000 | $45,000 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| INTERCONTINENTAL CAPITAL GROUP | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |