Call Federal Credit Union Mortgage Rates, Fees & Info

Richmond, VA

LEI: 254900JH47ETFGVNKS92

Tax ID: 54-0754383

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

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  • 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

    Call Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Call Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Myrtle Beach, Charlotte, Bellingham, and Washington among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Call 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. Call 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 about average 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
    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






    Your Estimates

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

    This is not an official calculator from Call 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

    254

    Origination Dollar Volume (All Markets)

    $37,570,000

    Awards

    Call Federal Credit Union 30 Year Conventional Loans silver
    Show all (1) awards

    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
    RICHMOND, VA (FHA|USDA|VA) 236 $33,670,000 $142,669 $2,016 4.74%
    Outside of Metro Areas 12 $2,280,000 $190,000 $2,401 3.90%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $560,000 $280,000 $3,278 3.63%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $430,000 $215,000 $2,458 3.69%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $415,000 $415,000 $2,185 3.75%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $215,000 $215,000 $2,836 4.88%
    Call Federal Credit Union's top markets include Richmond, Myrtle Beach, Charlotte, Bellingham, and Washington among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • 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.

    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 165
    Call Federal Credit Union
    Similarity Rank: 372
    LANGLEY
    Similarity Rank: 792
    Aurora Financial, LLC
    Similarity Rank: 1095
    CAPITAL CENTER, L.L.C.
    Similarity Rank: 1512
    IVY MORTGAGE, INC.
    Similarity Rank: 1612
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1740
    VILLAGE BANK MORTGAGE CORPORATION
    Similarity Rank: 1960
    Towne First Mortgage, LLC
    Similarity Rank: 2560
    Virginia Credit Union, Inc.
    Similarity Rank: 2656

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 253 $37,345,000 $147,609 $2,027 4.68%
    VA 1 $225,000 $225,000 $8,169 4.13%

    For 2019, Call Federal Credit Union's most frequently originated type of loan was Conventional, with 253 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 73 $12,615,000 $172,808 $2,585 3.98%
    Other 70 $3,750,000 $53,571 $406 6.57%
    Home Purchase 61 $13,065,000 $214,180 $3,202 3.89%
    Refi 40 $7,630,000 $190,750 $2,643 3.49%
    Home Improvement 10 $510,000 $51,000 $301 6.03%

    For 2019, Call Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 73 originations. The 2nd most popular reason was Other, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 101 $20,515,000 $203,119 $2,932 4.09%
    15 Year 89 $11,325,000 $127,247 $1,723 4.76%
    10 Year 44 $2,350,000 $53,409 $610 5.87%
    20 Year 18 $3,310,000 $183,889 $2,471 4.40%
    Other 2 $70,000 $35,000 $190 6.50%

    For 2019, Call Federal Credit Union's most frequently cited loan duration was 30 Year, with 101 originations. The 2nd most popular length was 15 Year, with 89 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 158 $29,970,000 $189,684
    $1k-2k 11 $2,295,000 $208,636
    $2k-3k 7 $1,525,000 $217,857
    $3k-4k 2 $180,000 $90,000
    $5k+ 1 $155,000 $155,000

    Call Federal Credit Union's average total fees were $2,932, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 158 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 123 $24,355,000 $198,008
    4-5% 45 $7,795,000 $173,222
    5-6% 31 $2,275,000 $73,387
    6-7% 25 $1,305,000 $52,200
    7-8% 17 $615,000 $36,176
    2.5-3% 7 $1,025,000 $146,429
    Over 8% 6 $200,000 $33,333

    During 2019, Call Federal Credit Union's average interest rate for loans was 4.09%, while their most frequently originated rate bucket for loans was 3-4%, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 98 $14,790,000 $150,918 $2,487 3.99%
    $100,000 or less 88 $4,130,000 $46,932 $803 6.06%
    $200k-400k 61 $15,675,000 $256,967 $2,998 3.88%
    $400k-600k 7 $2,975,000 $425,000 $3,402 3.71%

    2019 saw Call Federal Credit Union place emphasis on $100k-200k loans with 98 originations, totaling $14,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 64 $8,760,000 $136,875 $2,092 4.74%
    $50k or less 62 $6,520,000 $105,161 $1,732 4.93%
    $75k-100k 55 $8,745,000 $159,000 $2,179 4.58%
    $100k-150k 53 $9,485,000 $178,962 $2,238 4.43%
    $150k-250k 20 $4,060,000 $203,000 $2,067 4.58%

    Call Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 64 originations. The second most popular income band? $50k or less, with 62 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 66 $8,340,000 $126,364 $1,772 5.11%
    30-36% 56 $8,460,000 $151,071 $2,133 4.48%
    <20% 25 $2,415,000 $96,600 $1,406 5.02%
    49% 14 $2,640,000 $188,571 $2,605 4.31%
    40% 10 $1,850,000 $185,000 $2,595 3.49%
    43% 10 $1,820,000 $182,000 $2,157 4.34%
    50-60% 8 $960,000 $120,000 $1,417 5.22%
    36% 8 $1,290,000 $161,250 $2,482 4.58%
    39% 8 $1,230,000 $153,750 $2,222 4.20%
    42% 8 $1,900,000 $237,500 $2,641 4.55%
    47% 7 $1,285,000 $183,571 $2,771 4.04%
    44% 6 $1,100,000 $183,333 $2,000 4.85%
    41% 6 $1,020,000 $170,000 $2,268 4.31%
    46% 5 $385,000 $77,000 $1,819 5.33%
    45% 5 $1,035,000 $207,000 $2,178 4.33%
    37% 5 $775,000 $155,000 $2,189 4.85%
    38% 4 $480,000 $120,000 $2,541 4.81%
    48% 3 $585,000 $195,000 $3,119 4.21%

    Call Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 66 originations. The next most common DTI ratio? 30-36%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 170 $26,280,000 $154,588 $2,065 4.60%
    Black 61 $7,185,000 $117,787 $1,713 5.12%
    Not provided 20 $3,640,000 $182,000 $2,879 4.17%
    Korean 1 $255,000 $255,000 $3,047 3.75%
    Asian 1 $115,000 $115,000 $2,576 3.75%
    American Indian 1 $95,000 $95,000 $2,366 3.25%

    Approval Rates

    Total approvals of all applications
    87.89%

    Call Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.69%

    Call Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 254 $37,570,000 $147,913

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 253 $37,445,000 $148,004

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $2,335,000 $75,323 $804 5.71%
    40-60% 31 $4,055,000 $130,806 $2,211 4.07%
    60-80% 91 $17,215,000 $189,176 $2,736 3.98%
    80-100% 55 $12,425,000 $225,909 $3,074 3.88%
    Under 20% 46 $1,540,000 $33,478 $209 6.72%