Delta Community Credit Union Mortgage Interest Rate and Cost Review

Is Delta Community Credit Union a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Delta Community Credit Union with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratelower than average (-0.26%)
Loan Related Closing Costssimilar to average (-$62)
National Rate and Closing Cost Rating(5.0)

On average, Delta Community Credit Union’s interest rates were lower than those of other lenders (-0.26%) for a comparable set of borrowers. Its average total loan related closing cost was similar to those of other lenders, with a difference of -$62. Overall, combining interest rates and closing costs we estimate that Delta Community Credit Union tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 5.0 out of 5.0 stars.

Delta Community Credit Union’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Delta Community Credit Union was most active in:

  1. Atlanta, GA
  2. Newnan, GA
  3. Gainesville, GA
  4. Griffin, GA
  5. West Jordan, UT

Furthermore, Delta Community Credit Union is our top ranked mortgage lender in terms of interest rate and closing costs in:

  1. Newnan, GA, overall
  2. Griffin, GA, overall

You can click through to check out Delta Community Credit Union’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Delta Community Credit Union’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Delta Community Credit Union originated Conforming and Jumbo mortgages for new home purchases and refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

New Purchase MortgagesConformingJumbo
Interest Rate Difference-0.14%-0.15%
Loan Related Closing Cost Difference+$91+$766
Cost Adjusted Rate Difference-0.15%-0.13%
Star Rating(4.0)(4.0)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.36%-0.26%
Loan Related Closing Cost Difference-$301+$1251
Cost Adjusted Rate Difference-0.43%-0.23%
Star Rating(5.0)(4.5)

As a summary, Delta Community Credit Union is cheap for Conforming and Jumbo purchase mortgages. For refinancing, Delta Community Credit Union is cheap for Conforming and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Delta Community Credit Union:

Registered name: Delta Community Credit Union
Registered city and state: ATLANTA, GA, 30339
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 Delta Community Credit Union’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.