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HCU

Honor Credit Union

Credit UnionBerrien Springs, MIHQDirectReviews near you on Google

We analyzed every closed loan from Honor Credit Union 503 loans across 724 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional
Place
Strong
4/5
Multi-Region · 5 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate Summary

What They Do Well

  • Competitive pricing compared to the market
  • Lower than average lender fees
  • Strong pull through performance

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Report Card

Honor Credit Union performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+23.1 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Sound
Top 60% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 6 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume475
Mix94.4%
Spread
+0.192%Above
Fees
$936Fees
FHA Loans
Overall
Sound
Product
Sound
Pricing
Pull Through
Sound
Volume17
Mix3.4%
Spread
+0.810%Above
Fees
$893Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume389
Mix77.3%
Spread
+0.262%Above
Fees
$940Fees
Refinance
Overall
Strong
Product
Strong
Pricing
Exceptional
Pull Through
Strong
Volume114
Mix22.7%
Spread
+0.089%Above
Fees
$904Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
503
Applications
724
Volume
$115 million
Pricing & Closing
Avg Rate Spread
+0.231%
vs. market APOR
Avg Net Fees
$934
Origination − Credits
Pullthrough Rate
69.5%
Applications → Closed
Typical Borrower
Avg Loan Amount
$229,115
Avg Borrower Income
$114,330
Avg Property Value
$304,781

Geographic Coverage

Geographic Performance

Metro Areas
5
markets with activity
States Served
10
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

10
10 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast1
PA
Midwest2
INMI
South5
ALARFLSCTX
West2
COUT

Top Metro Areas by Place Specialization Score

Volume 199Mix 39.56% of portfolio
99/100
Exceptional
Volume 50Mix 9.94% of portfolio
67/100
Strong
3© Nick Number · CC BY 4.0
Battle Creek, MIMetro
Volume 29Mix 5.77% of portfolio
65/100
Strong
Volume 35Mix 6.96% of portfolio
63/100
Strong
5© WMrapids · CC0
Grand Rapids, MIMetro
Volume 20Mix 3.98% of portfolio
49/100
Sound

Top States by Place Specialization Score

Michigan
Michigan
1
MichiganState
Volume 485Mix 96.42% of portfolio
81/100
Exceptional

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.