Guardian Credit Union AL Mortgage Interest Rate and Cost Review

Is Guardian Credit Union AL a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Guardian Credit Union AL to those of other lenders for a comparable set of borrowers. Here is our review of Guardian Credit Union AL nationally:

Review ItemGuardian Credit Union AL
Interest Ratehigher than other lenders (+0.52%)
Loan Related Closing Costssimilar to other lenders (-$47)
National Rate and Closing Cost Star Rating(1)

On average, Guardian Credit Union AL’s interest rates were higher than those of other lenders (+0.52%). On the other hand, its loan related closing costs were similar to those of other lenders, with a difference of -$47. Overall, combining interest rates and closing costs we estimate that Guardian Credit Union AL tends to be an expensive lender, and give it a National Rate and Closing Costs Rating of 1 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Guardian Credit Union AL, check out its website at:

Guardian Credit Union AL’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Guardian Credit Union AL was most active in:

  1. Montgomery, AL
  2. Birmingham, AL
  3. Columbus, GA
  4. Lincoln, AL
  5. Dothan, AL

Guardian Credit Union AL’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Guardian Credit Union AL originated Conforming mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

New Purchase MortgagesConforming
Interest Rate Difference+0.35%
Loan Related Closing Cost Difference-$22
Cost Adjusted Rate Difference+0.35%
National Star Rating(2)
Refinance MortgagesConforming
Interest Rate Difference+0.62%
Loan Related Closing Cost Difference-$62
Cost Adjusted Rate Difference+0.59%
Average Star Rating(1)

As a summary, Guardian Credit Union AL is more expensive than other lenders for Conforming purchase mortgages. For refinancing, Guardian Credit Union AL is more expensive than other lenders for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Guardian Credit Union AL:

Registered name: Guardian Credit Union
Registered city and state: Montgomery, AL, 36104
Regulator: National Credit Union Administration (NCUA)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Guardian Credit Union AL’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.