Celco Community Federal Credit Union Mortgage Rates, Fees & Info
Narrows, VALEI: 2549009NMZ1FPA016I77
Tax ID: 54-0613421
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
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 (well, only) market is Blacksburg.Celco Community Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.73% | 12/16/24 |
| 30 Year Conventional Refi | 5.36% | 12/16/24 |
| 15 Year Conventional Purchase | 4.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.47% | 12/16/24 |
| 15 Year Cash-out Refi | 5.47% | 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. | ||
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
28Origination Dollar Volume (All Markets)
$2,550,000Top 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 |
|---|---|---|---|---|---|
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 23 | $2,065,000 | $89,783 | $1,395 | 4.89% |
| Outside of Metro Areas | 5 | $485,000 | $97,000 | $1,638 | 4.85% |
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.
Similarity Rank: 140
Similarity Rank: 945
Similarity Rank: 984
Similarity Rank: 1122
Similarity Rank: 1560
Similarity Rank: 3077
Similarity Rank: 3750
Similarity Rank: 4000
Similarity Rank: 4680
Similarity Rank: 5130
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 28 | $2,550,000 | $91,071 | $1,442 | 4.88% |
For 2021, Celco Community Federal Credit Union's most frequently originated type of loan was Conventional, with 28 originations.
Loan Reason
For 2021, Celco Community Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
For 2021, Celco Community Federal Credit Union's most frequently cited loan duration was 15 Year, with 8 originations. The 2nd most popular length was 20 Year, with 8 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 26 | $2,460,000 | $94,615 |
Celco Community Federal Credit Union's average total fees were $1,700, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 26 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 17 | $1,265,000 | $74,412 |
| 5-6% | 10 | $1,260,000 | $126,000 |
| 6-7% | 1 | $25,000 | $25,000 |
During 2021, 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 17 originations.
Loan Sizing
2021 saw Celco Community Federal Credit Union place emphasis on $100,000 or less loans with 19 originations, totaling $985,000 in origination value.
Applicant Income
Celco Community Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $50k or less, with 9 originations.
Applicant Debt to Income Ratio
Celco Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? <20%, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 28 | $2,550,000 | $91,071 | $1,442 | 4.88% |
Approval Rates
Total approvals of all applications83.72%
Celco Community Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination71.43%
Celco Community Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 28 | $2,550,000 | $91,071 |