Call Federal Credit Union Mortgage Rates, Fees & Info
Richmond, VALEI: 254900JH47ETFGVNKS92
Tax ID: 54-0754383
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Mortgage Data
Review & Overview
Call Federal Credit Union is a smaller credit union specializing in Other loans. Call Federal Credit Union has a high proportion of conventional loans. Their top two markets are Richmond and Washington .Call Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.95% | 5/4/24 |
| 30 Year Conventional Purchase | 6.82% | 5/4/24 |
| 30 Year Conventional Refi | 6.72% | 5/4/24 |
| 30 Year Cash-out Refi | 6.91% | 5/4/24 |
| 30 Year FHA Purchase | 7.51% | 5/4/24 |
| 30 Year FHA Refi | 6.27% | 5/4/24 |
| 30 Year VA Purchase | 6.72% | 5/4/24 |
| 15 Year Conventional Purchase | 5.87% | 5/4/24 |
| 15 Year Conventional Refi | 7.13% | 5/4/24 |
| 15 Year Cash-out Refi | 7.13% | 5/4/24 |
| 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. | ||
Call Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
88Origination Dollar Volume (All Markets)
$3,820,000Top 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 |
|---|---|---|---|---|---|
| RICHMOND, VA (FHA|USDA|VA) | 87 | $3,785,000 | $43,506 | $352 | 6.35% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Call Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 88 | $3,820,000 | $43,409 | $352 | 6.35% |
For 2018, Call Federal Credit Union's most frequently originated type of loan was Conventional, with 88 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 65 | $2,955,000 | $45,462 | $353 | 6.38% |
| Home Improvement | 19 | $665,000 | $35,000 | $343 | 6.22% |
| Cash Out Refi | 4 | $200,000 | $50,000 | $0 | 6.58% |
For 2018, Call Federal Credit Union's most frequently cited loan purpose was Other, with 65 originations. The 2nd most popular reason was Home Improvement, with 19 originations.
Loan Duration/Length
For 2018, Call Federal Credit Union's most frequently cited loan duration was 10 Year, with 45 originations. The 2nd most popular length was 15 Year, with 38 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 26 | $1,060,000 | $40,769 |
| 6-7% | 23 | $975,000 | $42,391 |
| 7-8% | 9 | $605,000 | $67,222 |
| Over 8% | 1 | $35,000 | $35,000 |
During 2018, Call Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 26 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 84 | $3,300,000 | $39,286 | $270 | 6.32% |
| $100k-200k | 4 | $520,000 | $130,000 | $707 | 6.81% |
2018 saw Call Federal Credit Union place emphasis on $100,000 or less loans with 84 originations, totaling $3,300,000 in origination value.
Applicant Income
Call Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 25 originations.
Applicant Debt to Income Ratio
Call Federal Credit Union lent most frequently to those with DTI ratios of 37%, with 2 originations. The next most common DTI ratio? 20-30%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.60%
Call Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination77.27%
Call Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 88 | $3,820,000 | $43,409 |