Celco Community Federal Credit Union Mortgage Rates, Fees & Info

Narrows, VA

LEI: 2549009NMZ1FPA016I77

Tax ID: 54-0613421

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Celco Community Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Celco Community Federal Credit Union has a high proportion of conventional loans. Their top two markets are Blacksburg and Bluefield .

    Celco Community Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Celco Community 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.73% 4/28/24
    30 Year Conventional Refi 5.36% 4/28/24
    15 Year Conventional Purchase 4.68% 4/28/24
    15 Year Conventional Refi 5.47% 4/28/24
    15 Year Cash-out Refi 5.47% 4/28/24
    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.

    Celco Community Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Celco Community Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    52

    Origination Dollar Volume (All Markets)

    $4,960,000

    Top 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
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 28 $2,790,000 $99,643 $1,348 4.83%
    Outside of Metro Areas 20 $1,980,000 $99,000 $1,307 4.79%
    Bluefield, WV-VA (FHA|USDA|VA) 4 $190,000 $47,500 $1,503 4.94%
    Celco Community Federal Credit Union's top markets include Blacksburg and Bluefield among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Celco Community Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FREEDOM FIRST
    Similarity Rank: 117
    First-Citizens Bank & Trust Company
    Similarity Rank: 624
    First Community Bank
    Similarity Rank: 703
    FIRST BANCORP
    Similarity Rank: 704
    First Heritage Mortgage, LLC
    Similarity Rank: 1403
    Alcova Mortgage LLC
    Similarity Rank: 3090
    RESIDENTIAL MORTGAGE SERVICES, INC.
    Similarity Rank: 4814
    Renasant Bank
    Similarity Rank: 5544
    The Federal Savings Bank
    Similarity Rank: 6192
    ATLANTIC BAY MORTGAGE GROUP, L.L.C.
    Similarity Rank: 6420

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 52 $4,960,000 $95,385 $1,345 4.82%

    For 2019, Celco Community Federal Credit Union's most frequently originated type of loan was Conventional, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $3,140,000 $104,667 $1,572 4.93%
    Refi 20 $1,730,000 $86,500 $1,085 4.70%
    Home Improvement 2 $90,000 $45,000 $773 4.38%

    For 2019, Celco Community Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 20 $1,360,000 $68,000 $1,083 4.95%
    20 Year 12 $1,010,000 $84,167 $1,402 4.75%
    10 Year 9 $385,000 $42,778 $1,046 4.25%
    30 Year 9 $1,985,000 $220,556 $1,959 5.25%
    Other 2 $220,000 $110,000 $1,951 4.63%

    For 2019, Celco Community Federal Credit Union's most frequently cited loan duration was 15 Year, with 20 originations. The 2nd most popular length was 20 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 50 $4,890,000 $97,800

    Celco Community Federal Credit Union's average total fees were $1,959, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 50 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 37 $2,755,000 $74,459
    5-6% 11 $2,055,000 $186,818
    6-7% 4 $150,000 $37,500

    During 2019, Celco Community Federal Credit Union's average interest rate for loans was 5.25%, while their most frequently originated rate bucket for loans was 4-5%, with 37 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $2,000,000 $52,632 $1,134 4.75%
    $200k-400k 8 $2,130,000 $266,250 $2,342 5.13%
    $100k-200k 6 $830,000 $138,333 $1,283 4.88%

    2019 saw Celco Community Federal Credit Union place emphasis on $100,000 or less loans with 38 originations, totaling $2,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 19 $1,385,000 $72,895 $1,183 4.68%
    $50k or less 17 $975,000 $57,353 $1,180 4.90%
    $75k-100k 8 $860,000 $107,500 $1,479 4.91%
    $100k-150k 4 $710,000 $177,500 $1,840 4.94%
    $150k-250k 4 $1,030,000 $257,500 $1,971 4.88%

    Celco Community Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $50k or less, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $1,340,000 $95,714 $1,325 4.89%
    30-36% 12 $1,580,000 $131,667 $1,531 5.13%
    <20% 10 $470,000 $47,000 $1,122 4.48%
    50-60% 4 $370,000 $92,500 $1,447 4.56%
    36% 2 $140,000 $70,000 $1,243 5.38%
    46% 2 $70,000 $35,000 $1,153 4.50%
    37% 2 $340,000 $170,000 $1,848 5.00%
    44% 2 $210,000 $105,000 $1,083 4.50%
    >60% 1 $55,000 $55,000 $764 4.25%
    38% 1 $45,000 $45,000 $1,857 4.75%
    39% 1 $275,000 $275,000 $2,125 5.25%
    40% 1 $65,000 $65,000 $789 4.75%

    Celco Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? 30-36%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 51 $4,935,000 $96,765 $1,341 4.82%
    Native Hawaiian or Islander 1 $25,000 $25,000 $1,560 4.75%

    Approval Rates

    Total approvals of all applications
    96.49%

    Celco Community Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    98.08%

    Celco Community Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 52 $4,960,000 $95,385

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $595,000 $54,091
    Single Family (1-4 Units):Site-Built 41 $4,365,000 $106,463

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $80,000 $40,000 $773 4.38%
    40-60% 6 $370,000 $61,667 $1,169 4.38%
    60-80% 33 $3,935,000 $119,242 $1,460 4.93%
    80-100% 9 $535,000 $59,444 $1,353 4.92%
    Under 20% 2 $40,000 $20,000 $582 4.38%